Baltic Exchange Sets Out New Code of Conduct
The Baltic Exchange said it will introduce a new code of conduct for shipowners, charterers and shipbrokers using the physical shipping and freight derivatives markets.Following a detailed review of the current arrangements led by law firm Norton Rose Fulbright with oversight by the Baltic Exchange Council and the Baltic Membership Council, the New Baltic Code has been drafted to bring together a set…
Two Newbuilds Delivered to Virgin Islands Port Authority
Louisiana-based shipbuilder Metal Shark said it has delivered two custom welded aluminum vessels to the Virgin Islands Port Authority (VIPA).The new vessels, a 45-foot pilot boat and a 32-foot port security vessel, were designed by Metal Shark and built at the company’s Jeanerette, La. production facility. Both vessels were recently delivered to St. Thomas and transferred to VIPA and are now operating…
Baltic Index at 15-week High on Firming Capesize Rates
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, firmed on Tuesday as rates for capesize vessels rose for a twelfth straight session. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 24 points, or 1.8 percent, at 1,330 points. The index hit its highest since Jan. 10. The capesize index gained 121 points, or 6 percent, at 2,130 points.
Shell, Inpex Race to Export Aussie LNG
Shell aims to start exports from Prelude LNG this year; Inpex hopes to commence shipments from Ichthys LNG. Shell and Inpex are on the final stretch of a years-long race to export gas from offshore northern Australia, where both have spent billions of dollars building the world's biggest maritime vessels to grab a slice of Asia's booming LNG market. Anglo-Dutch energy major Royal Dutch Shell and Inpex…
Rotterdam Could See First STS LNG Refueling in June
The port of Rotterdam expects to see its first ship-to-ship (STS) liquefied natural gas (LNG) refuelling operation in June, marking an important milestone in the use of the cleaner burning fuel in shipping. The opening of STS marine refuelling, also known as bunkering, is significant because it makes the cleaner fuel more accessible to shippers, said Cees Boon, senior safety adviser at the Port of Rotterdam. "A lot milestones will follow," said Boon in an email on Tuesday.
Wartsila Misses Earnings Expectations; Eyes Rolls-Royce
Finnish ship technology and power plant maker Wartsila missed first-quarter earnings expectations on Tuesday and said geopolitical uncertainty was slowing demand in the marine market. In a phone interview following the quarterly report, Chief Executive Jaakko Eskola said Wartsila aimed to grow through acquisitions and that it continued to look at Rolls-Royce's marine business, which the British company is reviewing for a possible sale.
Kirby Executive Chairman Pyne to Retire
Houston based tank barge operator Kirby Corporation announced that Joseph H. Pyne will retire as Executive Chairman of the Board, effective April 30, 2018. Pyne will continue to serve as Chairman of the Board in a nonexecutive role.The firm also announced that Kirby will incur a charge for compensation related to retirement in the second quarter of 2018.Pyne began his career with Kirby in 1978, and has held numerous executive positions including Chairman of the Board since April 2014…
GE to Trial World’s Largest Wind Turbine in UK
U.S. conglomerate General Electric will test the world's largest wind turbine in a facility in northeast England, it said on Tuesday. GE Renewable Energy, the renewable arm of the U.S. firm, and the British government-funded Offshore Renewable Energy Catapult signed a five-year agreement to test GE's Haliade-X 12 megawatt (MW) turbine in Blyth, Northumberland. "This is an important agreement because…
Fincantieri Delivers Italian Naval Frigate
The frigate Federico Martinengo was delivered to the Italian Navy at Fincantieri’s shipyard in Muggiano, La Spezia. The ship is the seventh of a series of 10 FREMM vessels of the FREMM program – Multi Mission European Frigates – commissioned to Fincantieri as part of the international Italian-French program, coordinated by OCCAR (the Organisation for Joint Armament Cooperation). Orizzonte Sistemi Navali…
Rolls-Royce to Design, Equip New Fishing Vessel
Rolls-Royce said it has signed a contract to deliver ship design and a range of equipment to a 70-meter long stern trawler to be built for Olympic Seafood based in Fosnavåg, Norway.The fishing vessel is to be built by Cemre shipyard in Turkey, who also holds a contracted option for a second vessel of the same type for Olympic Seafood.The vessel is designed for bottom trawling as well as pelagic trawling…
Three rescued near Blount Island
The U.S. Coast Guard and good Samaritans came to the rescue of three people Monday after their vessel capsized near Blount Island. Coast Guard watchstanders in Jacksonville were notified via VHF-FM marine band radio channel 16 at 6:03 p.m. by a good Samaritan aboard the motor vessel Grand Mercury reporting three people in the water and a capsized 15-foot boat. A Coast Guard Station Mayport 29-foot Response Boat – Small boatcrew launched, arrived on scene at 6:25 p.m.
Shipping Cyber Risk Management Solution Launched
A new integrated risk management solution launched for the global shipping community is said to be the first of its type, according to OSERV.OSERV, OSM Maritime…
World's Largest Short Sea Ro-Ro Vessel Named in Dublin
MV Celine, the world’s largest short sea Ro-Ro ship, will today be christened in a ceremony at Dublin Port with guest of honour, An Taoiseach, Leo Varadkar TD, Godmother to the new ship, Geraldine O’Reilly, and the port’s chaplains. The formal ceremony is a long-held tradition intended to bring good fortune to the ship and involves breaking a champagne bottle against the hull as the ship is christened.
SOHAR Port Signs Contract with Dredging International
SOHAR Port and Freezone have signed an agreement with Dredging International NV – Earth Moving Worldwide LTD (DINV-EMW JV) for the development of Phase 1 of the SOHAR Port South Construction Package I. Totalling an investment of USD 24mn (approx. OMR 9.24mn), the agreement will see the development of the first 50 hectares of useable land within the new port expansion; which is expected to be fully completed by Q4 2018.
Grimaldi Christens Grande New York
The Grande New York, part of the new fleet of the Grimaldi Group, was christened in the Port of NY-NJ at Port Newark Auto Marine Terminal (FAPS). Godmother was Amanda Matilda Cuomo Cole, granddaughter of former late NY Governor, Mario Cuomo and niece of current NY Governor Andrew Cuomo. Father Peter Haldás of St. John Paul II blessed the ship during a short ceremony to a distinguished delegation composed of maritime authorities…
Maersk Honam in Jebel Ali Port
The Maersk liner vessel Maersk Honam, which was hit by a serious fire on 6 March, will reach anchorage outside the Jebel Ali Port (UAE) on Tuesday 24 April 2018. The fire broke out around 900 nautical miles southeast of Salalah, Oman, and remains under control. Firefighting activities were initiated by the Indian Coast Guard until vessels with special firefighting capabilities arrived at the scene.
Compensation Regime for Hazardous and Noxious Cargoes
Two ratifications to a key compensation treaty covering the transport of hazardous and noxious substances (HNS) by ship have brought the instrument a step closer to entry into force. Canada and Turkey on Monday (23 April) deposited their instruments of ratification to the 2010 Protocol to the International Convention on Liability and Compensation for Damage in Connection with the Carriage of Hazardous and Noxious Substances by Sea, 1996 (2010 HNS Convention).
Hapag-Lloyd's First-Ever Call at Prince Rupert
Hapag-Lloyd, the market leader in Canada, is expanding its local network. On April 21, the “YM Masculinity” called at a new destination, the Port of Prince Rupert, for the first time. The ship, which operates on the ‘PS8’ service of THE Alliance, was sailing from Asia to North America offering leading transit times and new options for customers. “With the decision to incorporate Prince Rupert into our network…
PDI to Supply Centerboard for OSU's New Research Vessel
Power Dynamics Innovations LLC (PDI) said it has been subcontracted by Gulf Island Shipyards LLC, to design, engineer, construct, install and test the centerboard system for Oregon State University (OSU)'s new Regional Class Research Vessel (RCRV).Gulf Island Shipyards is building the vessel under a contract from OSU, with an option for two additional vessels. OSU has engaged with naval architecture…
Coast Guard, Air Force Partner on R&D
The U.S. Coast Guard and U.S. Air Force will partner on research and development in several key areas such 3-D printing, Arctic operations, modeling and simulation, cyber research, and satellite technology.Commanding officers from the Coast Guard Research and Development Center (RDC) and the Air Force Research Laboratory (AFRL) signed a joint Memorandum of Understanding (MoU) that allows greater opportunity for RDC and AFRL to work together on projects of mutual benefit.Capt.