Forties Pipeline Outage Benefits U.S. Exporters
The shutdown of Britain's largest crude oil pipeline is an early Christmas gift to U.S. exporters shipping to Asia, and a complication for Middle Eastern and African producers seeking to maintain market share in the world's top importing region. The Forties Pipeline System, which carries about 450,000 barrels per day (bpd) from the North Sea to Scotland, may be closed for several weeks for unscheduled repair work, operator Ineos said on Monday.
Concordia Eyes Growing Product Tanker Market
Swedish tanker shipping company Concordia Maritime said it has signed a contract to charter in another IMO2/3 class MR tanker while also extending an expiring charter of another MR tanker. The new charter contract will run for two years from the time the newbuild is delivered in January 2018, with multiple options to extend. The other MR tanker charter contract, which expired in November, will be extended for a minimum of one year.
EURONAV Opts for SERTICA Fleet Management
After a rigorous selection process, tanker shipping company EURONAV has chosen the SERTICA Fleet Management System by Danish software and engineering company Logimatic. EURONAV, which operates some of the world’s largest tanker vessels, has chosen the entire SERTICA product suite onboard its 52 vessels for improved maintenance and vessel management. There are currently more than 32 customers worldwide and 964 active vessels running SERTICA Fleet Management system.
Cruise Shipping: Eight Trends to Watch in 2018
As cruises and sailing experiences are booming as never, travelers are able to choose from a variety of sailing adventures that suit their goals and pocketbooks. Cruise lines come with up innovative ways of enticing sailing passengers every year. Dream a destination or favorite vacation activity, and it’s very likely you can get there via water. The following are the eight top sailing trends for 2018.
Arctech Helsinki Shipyard Looks for New Investor as Sanctions Bite
Russian state-owned United Shipbuilding Corporation (USC) is looking for a new owner for its Arctech Helsinki shipyard as sanctions against the holding company hamper business, the head of the shipyard said on Tuesday. The shipyard is the world’s biggest builder of vessels that can navigate ice-covered waters, and it has expected more orders as melting sea ice opens the Arctic to more shipping, mining and oil drilling.
Samsung Heavy Industries Replaces CEO
South Korea’s Samsung Heavy Industries named Joonou Nam as its new chief executive officer on Monday after Park Dae-young resigned to take responsibility for the firm’s losses.
Op/Ed: Making the Mississippi River Mightier
A plan unfolds and support grows for a 50-foot Ship Channel to support economical and efficient grain exports. The Big River Coalition remains at the heart of that collaborative effort to make the Mississippi River Mightier. In 2012, the U.S. Army Corps of Engineers’ (USACE) Institute of Water Resources (IWR) released a report under the direction of Congress to document the status of U.S. Ports to accept post-panamax vessels. The report, entitled, “U.S.
Vittoria Shipyard Launches New Tug for Algeria
Vittoria Shipyard has signaled its return to the Italian and international harbor and offshore tugs market with the launch of the new vessel C869, designed and constructed for the harbor authority in Skikda, Algeria. Vittoria Shipyard – which specializes in designing and building military, paramilitary and commercial vessels –launched the vessel onto the Canal Bianco at its Adria facility. The newbuild will now undergo final works and sea trials ahead of its scheduled spring 2018 delivery.
Trump to Open Oil Drilling off US East Coast
The Trump administration is preparing a plan that would open up oil drilling off the U.S. East Coast, Bloomberg reported. President Trump ordered the Interior Department to create the draft proposal as part of his “America-First Offshore Energy Strategy” executive order in April. The new plan, which could be unveiled as soon as this week, would allow the U.S. to auction oil and gas drilling rights in Atlantic waters previously blocked under the Obama administration.
Crowley Scholarships to Four USMMA Cadets
Four U.S. Merchant Marine Academy (USMMA) cadets were awarded with 2017 Thomas B. Crowley Memorial Scholarships during yesterday’s Containerization and Intermodal Institute’s Connie Awards luncheon in Newark, N.J. Jenny Terpenning, supervisor, marine recruiting at Crowley Maritime Corporation, presented the scholarships to Midshipmen (MIDN) Joshua Cann, Vincent Policastro, Rebecca Snyder and Benjamin Starr while also formally recognizing 2016 recipient Chandler Chiappe…
Austal, JR Kyushu Jet Ferry Developing New Vessel Concept
A Memorandum of Understanding (MOU) between Austal Australia and JR Kyushu Jet Ferry will see the two firms develop a new high speed trimaran passenger ferry concept for JR Kyushu Jet Ferry’s South Korea to Japan service, one of Japan’s busiest international routes. The companies will design and build the 80 meter trimaran based on Austal’s trimaran hull form, with the interior to be developed by leading Japanese designer, Eiji Mitooka of Don Design.
Proposal for 355-ship US Navy Signed into Law
Included in the 2018 National Defense Authorization Act (NDAA) signed today by President Donald Trump is policy to grow the U.S. Navy fleet from its current 279 ships to a minimum of 355. “With his signature, President Trump has confirmed the United States’ resolve to meet the growing needs of our U.S. Navy,” said Senate Seapower Subcommittee Chairman Sen. Roger Wicker (Miss.), who introduced the Securing the Homeland by Increasing our Power on the Seas (SHIPS) Act along with Rep.
World’s Largest Crane Vessel under Development
Holding OOS International Group B.V. said it is working with China Merchants Industry Holdings (CMIH) to design and build what will be the world’s largest semi-submersible crane vessel (SSCV), OOS Zeelandia. OOS unveiled the OOS Zeelandia during the EU-China Blue Industry Cooperation Forum in Shenzhen on December 8, but revealed the basic design has been in progress since a memorandum of understanding (MoU) was signed with the China Merchants Group subsidiary CMIH in July.
Combating Illicit Maritime Activity
Prevention of piracy, armed robbery against ships and illicit maritime activity in west and central Africa is on the agenda at a meeting of the G7 Group of Friends of the Gulf of Guinea in Lagos, Nigeria (11-12 December). The meeting is reviewing progress made in implementing the Yaoundé Code of Conduct, which was signed by governments in the region, in 2013, to enhance cooperation to counter piracy and armed robbery at sea and other illicit maritime activity.
NAT Announces Public Offering of USD 100mln
Nordic American Tankers (NAT) announced an underwritten public offering of $100 million of its common shares pursuant to the Company’s effective shelf registration statement. At the Company’s request, the underwriters have reserved for sale an aggregate of approximately $1.2 million of its common shares for certain members of the Company’s board of directors, management and advisors, which includes…
All-women Crew Tarini Departs From Lyttelton
The Indian Naval Sailing Vessel (INSV) Tarini left Lyttelton on 12 December 2017 for its onward journey to Port Stanley (Falklands). INSV Tarini had arrived at Lyttelton on 29 November 2017 after completion of second leg of its maiden voyage to circumnavigate the globe. This historic circumnavigation attempt by an all-women crew is being led by Lieutenant Commander Vartika Joshi, and the crew comprises Lieutenant Commanders Pratibha Jamwal…
Mitsubishi, Wärtsilä Joins for Improved Power and Propulsion Solution
Mitsubishi Heavy Industries Marine Machinery & Equipment Co., LTD (MHI-MME) and the smart technology group Wärtsilä have signed a Memorandum of Understanding (MOU) regarding the commercial marketing of a new energy solution for ships. The solution combines innovative technologies from both companies to produce greater power generation capacity and higher propeller propulsion for marine vessels. By…
Nimitz Carrier Strike Group Returns to Washington
Washington-based ships assigned to Nimitz Carrier Strike Group (CSG) 11 returned Dec. 10, just in time for the upcoming holidays following a six-month deployment to the Indo-Asia-Pacific region and the Arabian Gulf. The aircraft carrier USS Nimitz (CVN 68), with embarked CSG-11, returned home to Naval Base Kitsap, and Arleigh Burke-class guided-missile destroyers USS Shoup (DDG 86) and USS Kidd (DDG 100) returned to Naval Station Everett.
ABS Partnership Enhances Safety in Ghana’s Offshore Industry
ABS, a leading provider of classification and technical services to the marine and offshore industries, formed a joint venture with Notabene Classification Limited to offer regulatory and technical support services, including key classification services to the upstream oil and gas market in Ghana. “This joint venture is an important milestone and demonstrates our strong commitment to advancing safety in all parts of the globe…
Skangas to Source LNG at Import Terminal on Isle of Grain
Skangas has announced that it has signed a Letter of Intent (LoI) with National Grid Grain LNG. Under the terms of the LoI, Skangas is to source LNG at the Grain LNG import terminal on the Isle of Grain in the UK. Skangas, which produces LNG, struck the deal with Grain LNG to ensure a reliable supply of LNG is available, which is critical to the fast-growing small-scale LNG market. As a result of this recent development…