Morocco to Sell Sake in Port Operator Marsa Maroc to Tanger Med
The Moroccan government has agreed to sell a 35% stake in terminal operator Marsa Maroc to Groupe Tanger Med, raising 5.48 billion dirhams ($610 mln) for state coffers, Marsa Maroc said on Tuesday.The government will retain 25% of the capital and voting rights in Marsa Maroc, a Casablanca-listed company that manages terminals at 9 Moroccan ports, the statement said, without providing further details.Tanger Med manages a container and passenger port as well as 2000 hectares dedicated to industry
Philippine Creditors Set to Sell Debt-laden Shipyard
Philippine creditors are close to selling a strategically located but debt-laden shipyard north of the capital Manila, government officials said on Tuesday, with a North American company cited as being an investor in the deal.Hanjin Philippines, a unit of South Korea's Hanjin Heavy Industries & Construction Co Ltd, in 2019 defaulted on $1.3 billion in loans, of which $900 million is owed to South Korean banks and the rest to five Philippine lenders.Talks with investors were almost complete…
Seaway 7 Books Siem Offshore Vessel for Seagreen Wind Farm Work
Seaway 7, a renewables branch of offshore installation firm Subsea 7, has chartered one of Siem Offshore's offshore subsea construction vessels (OSCVs).The contract is set to begin in the fourth quarter of 2021, when the vessel will provide walk-to-work services as part of the construction phase of the Seagreen offshore wind farm, in the UK North Sea, 27km offshore Scotland.Under the contract, the vessel will remain with Seaway 7 for a period of 300 days.
Transatlantic Journey: BC Ferries' New Hybrid Electric Ferry Reaches British Columbia (VIDEO)
BC Ferries’ new Island Class ferry arrived late last week in British Columbia, Canada, having departed Damen Shipyards Galati yard in Romania on May 19.The vessel, temporarily named Island 3, arrived under its own power, after a 64-day, approximately 10,700 nautical miles transatlantic journey. The Island Class are battery-equipped ships designed for future full electric operation. The ships are fitted…
Seanergy Takes Delivery of 2009-built Bulk Carrier. Secures Charter with NYK Line
Seanergy Maritime Holdings Corp. has taken delivery of the M/V Friendship bulk carrier.The vessel is a 176,952 dwt Capesize bulk carrier, built in 2009 by Namura Shipbuilding Co., Ltd. in Japan. "The M/V Friendship is the fifth Capesize delivery that Seanergy has successfully completed in 2021 to date," the company said.Seanergy also said that the has been fixed on a time charter with Japan's NYK Line, which is an existing charterer of Seanergy.
Apply Now for the MN100
The application period for this year’s MN100 edition is officially open and underway!Each year, Marine News magazine profiles 100 of the top firms in brown water, workboat space.Here's your chance to tell Marine News why your company is one of the best in the business. The selected 100 companies will be featured in the October edition of the largest BPA-audited b-to-b publication in this genre. OEMs…
Moving Forward with Emissions - Is it Tiers, Tears or Fears?
As International Maritime Organization (IMO) and U.S. Environmental Protection Agency (EPA) emissions requirements continue throughout the IMO Emission Control Areas (ECA), they are also forcing postponement of many new construction decisions as vessel owners and operators continue to tread cautiously along the path forward. The Marpol Annex VI program looked to correct emissions requirements while working with petroleum fuels.
SBM Offshore to Deliver FPSO for Petrobras' Buzios Field
Dutch FPSO leasing specialist SBM Offshore has secured a firm deal with Petrobras to lease and operate a newbuild FPSO at its giant Buzios offshore oil field in Brazil.The firm contract, for the 26.25 years lease and operation of the FPSO to be named Almirante Tamandaré, follows the signing of the binding Letter of Intent announced back in February. SBM Offshore did not share the financial details.FPSO…
Lebak Becomes Head of Huntington Ingalls Industries' N3B Joint Venture
Huntington Ingalls Industries, the U.S. largest military shipbuilding company, said Tuesday that Kimberly Lebak of its Technical Solutions division has been named president and general manager of HII Nuclear-led joint venture Newport News Nuclear BWXT-Los Alamos (N3B).As president and general manager of N3B, Lebak is responsible for managing the 10-year, $1.4 billion Los Alamos legacy cleanup contract for the U.S.
Maiden Voyage: Stena Line's New Ferry Arrives In Sweden (GALLERY)
Swedish ferry company Stena Line's new ferry Stena Scandica arrived in the port of Nynäshamn in Sweden this morning when it completed its overnight maiden voyage from Ventspils, Latvia.Stena Scandica is the first of two new large and modern ferries on the route between Ventspils and Nynäshamn in Sweden this year. The vessel adds another 70% more cabins and 30% more freight capacity compared to the existing vessels and offers an attractive alternative way to travel on the Baltic Sea…
Florida Senators Move to Firm Up Offshore Drilling Ban
U.S. Senators Marco Rubio (R-FL) and Rick Scott (R-FL) introduced the American Shores Protection Act to codify the moratorium on oil and gas drilling off the coasts of Florida that was put in place by September 8, 2020, Executive Order by then-President Trump. Under the legislation, the moratorium would be in place for the Eastern Gulf of Mexico and South Atlantic until 2032.Congressman Michael Waltz (R-FL) introduced companion legislation in the U.S. House of Representatives.
UECC’s Edvardsen on Decarbonization: “There is no perfect solution, start the journey now”
UECC has emerged as a leader in regards to decarbonization, with an order earlier this year for its third LNG battery/hybrid Pure Car/Truck Carrier (PCTC). Glenn Edvandsen, CEO, discusses the strategy and the future for this Oslo-based ship owner.Glenn, to start, can you give a by-the-numbers overview of UECC?United European Car Carrier is a pan-European trading carrier, trading up to the Baltic, as far east as Turkey and down to north Africa.
Baltic Index Ends Four-day Winning Streak
The Baltic Exchange's main sea freight index snapped four sessions of gains on Tuesday due to lower rates in the capesize and panamax vessel segments.The index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, dropped 44 points, or 1.4%, to 3,166.The capesize index lost 106 points, or 2.7%, to 3,844, its lowest since July 22.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes of iron ore, fell by $875 to $
Wind Boost: MOL Plans to Install Sails on Cranes of Dry Bulk Vessels
Japanese shipping giant Mitsui O.S.K.
Cyber Attack: Force Majeure at Port Terminals in South Africa to be Lifted 'Soon'
South African freight logistic firm Transnet said on Tuesday the force majeure communicated by its port terminals to customers would be "lifted soon" after progress was made in restoring its IT systems following a cyber attack.Transnet said terminals are berthing vessels as planned and are facilitating loading and discharge operations with the shipping lines."Some applications may continue to run slowly over the next few days, while monitoring continues.
HFW Helps Shanghai Shipyard in $170M Drillship Case Dispute
Law firm HFW said Tuesday it had advised Chinese shipbuilder Shanghai Shipyard on a UK Court of Appeal win relating to a US$170 million payment under a shipbuilding contract for an offshore drillship.The Court of Appeal overturned an April 2020 decision from the UK High Court that allowed the buyer of an offshore drillship – Reignwood International – to withhold a final payment installment that was due on delivery of the vessel…
BP Partners Up with Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping
Oil major BP and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping have partnered up to work on the development of new alternative fuels and low carbon solutions for the shipping industry.As a strategic partner to the Center, BP will second experts to work on relevant research and development projects in the Center’s portfolio and contribute to the development of methodologies and optimized pathways for safe and sustainable fuel solutions for shipping.
94-meter Multi-Role Response Vessel for Philippine Coast Guard Launched
Officials from Japan and the Philippines on Monday virtually attended the launching ceremony of the 94-meter Multi-Role Response Vessel (MRRV) at the shipyard of the Mitsubishi Shipbuilding Co., Ltd. in Japan.The ceremony was attended by Koshikawa Kazuhiko, the Japanese ambassador in Manila, the Philippines' Transportation Secretary Arthur P. Tugade, and Philippine Coast Guard (PCG) Commandant Admiral George Villareal Ursabia…
Man in Hamster-like Floating Wheel Washes Ashore in Florida after Failed Attempt to Reach New York
A man in a hamster wheel-like vessel washed ashore near the Old Salt Park beach approach in Flagler County, Florida. He said he was on the way to New York. "[The vessel's] sole occupant was with the vessel and advised that he came to shore because he was missing some of his equipment," Flagler Sheriff's report from July 24 reads. In a tweet on Saturday, Flagler Sheriff said the occupant of the vessel was safe with no injuries. "The occupant advised he left the St.
Putin: Russian Navy Can Detect 'Any Enemy' and Launch 'Unpreventable' Strike
The Russian navy can detect any enemy and launch an "unpreventable strike" if needed, President Vladimir Putin said on Sunday, weeks after a UK warship angered Moscow by passing the Crimea peninsula."We are capable of detecting any underwater, above-water, airborne enemy and, if required, carry out an unpreventable strike against it," Putin said speaking at a navy day parade in St Petersburg.Putin's…