Tankers Flock to US as Freight Rates Surge
A flotilla of oil tankers is sailing empty from Europe and the Mediterranean toward the U.S. Gulf Coast to take advantage of surging shipping rates, according to…
ClassNK Amends Rules and Guidance
Japanese classification society ClassNK has released amendments to its Rules and Guidance for the Survey and Construction of Steel Ships on December 27, 2019.Some of the requirements amended are as follows:In response to feedback from damage investigations;- Amendment related to the Welding for Cross-joints subject to High Stress, Towing Winch Emergency Release Systems, and Arrangement, Connection and Protection, etc.
SMS Completes Dredger Refit
UK ship repairer SMS Southampton said it has completed a dredger refit in the port of Southampton for Tarmac Marine.Work on the 1997-built City of Chichester was completed in a dedicated, controlled berth alongside at Williams Shipping’s berths in Southampton. SMS took ownership of the site, to include permits-to-work and site security, as well as the program of repair works.The program included the feeder hopper refurbishment (completed in SMS’s nearby workshops)…
ShipServ Appoints Hyldahn as CEO
ShipServ has appointed Henrik Hyldahn as its new CEO, effective January 1, 2020. Hyldahn was previously ShipServ’s Chief Solutions Officer. He replaces CEO Kim Skaarup, who will join the company's board as Vice ChairmanAs new CEO, Hyldahn will prioritize driving further collaboration with customers and partners, as well as seizing the opportunity to capitalize on the significant advancements in digitalization within the maritime industry.
Baltic Index Falls to 8-Month Low
The Baltic Exchange's main sea freight index fell to its lowest level since April on Monday, weighed down by weaker vessel demand across all segments.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, declined 63 points, or 6.9%, to 844 points, its lowest level since April 23.* The capesize index fell 119 points, or 7.9% to 1,388 - its lowest since May 10.* Average daily earnings for capesizes…
NORDEN Sells a Handymax, Buys 2 MR Tankers
Denmark-based NORDEN announced Monday it has sold a Handysize tanker, which was delivered to her new owners in late November 2019, and it purchased two medium range (MR) tankers, which were delivered in end-December 2019.NORDEN, which said it expects a continued strong market well into 2020 as refineries increase production to deliver the compliant fuels necessary for the IMO 2020 global sulphur regulation…
Suez Canal Revenues Rose in 2019
Suez Canal revenues increased slightly to $5.8 billion in 2019 compared with $5.7 billion in 2018, its authority said in a statement on Saturday.The canal kept its transit toll unchanged in 2020 for all types of vessels except dry bulk vessels and liquefied petroleum gas (LPG) carriers which will increase by 5% compared with 2019, it added.The canal is the fastest shipping route between Europe and Asia and one of the Egyptian government's main sources of foreign currency.(Reporting by Omar Fahmy
Royston Overhauls Aoka Mizu FPSO Power Systems
Royston said it has completed the overhaul of a critical power system on board the Bluewater Services operated floating production, storage and offloading (FPSO) vessel Aoka Mizu.The diesel power specialist said its team of engineers undertook the 6,000-hour service on the MAN 32/40 STX diesel generator B on board the 88,000 dwt floater as part of a planned refurbishment and refit of essential power systems.Work on the vessel…
Egypt Reopens Two Mediterranean Ports
Egypt on Saturday reopened the harbors of two of its Mediterranean ports, Alexandria and Dekheila, which had been shut due to bad weather, the Alexandria Port Authority said.The harbors were shut on Friday due to high waves and wind speeds, preventing ships from entering or leaving the ports, though loading and unloading within the ports was continuing normally, the authority said in a statement.The port authorities on Saturday ordered moored ships to enter the harbors according to their mooring
Britain's Navy to Escort UK Ships Through Strait of Hormuz
Britain's navy will accompany UK-flagged ships through the Strait of Hormuz to provide protection after the U.S. killing of Iranian military commander Qassem Soleimani inflamed tensions in the region.Britain's defence minister, Ben Wallace, ordered the HMS Montrose and HMS Defender to prepare to return to escort duties in the major oil shipping route as Prime Minister Boris Johnson came in for criticism…
US Coast Guard Vessel Capsizes
A U.S. Coast Guard vessel capsized on Saturday with four crew members aboard near Pier 39 in Astoria, Ore.Four Coast Guardsmen were aboard the 26-foot Coast Guard Trailerable Aids to Navigation Boat conducting routine operations when the vessel reportedly encountered a series of heavy wakes that came over the bow, which resulted in an unrecoverable starboard list that capsized the vessel, the Coast Guard said.At 11:39 a.m.…
KR Appoints New Chairman & CEO
The Korean Register (KR) has appointed Hyung-chul Lee as its 24th Chairman & CEO. His term began on December 23, 2019 and runs for three years until December 22, 2022.Hyung-chul Lee joined KR in 1988 and has until now held the position of Executive Vice President of KR. He was elected as Chairman & CEO at KR’s General Assembly meeting held on December 23.Over his 30 years with KR, Hyung-chul Lee has held many senior roles…
Op/Ed: What Good Boats Can Do
Stay in your lane. Ignoring such wisdom can result in catastrophe if you’re drag racing and lead to general unpleasantness on bowling league nights. This same guidance in other circumstances, for example, can be toxic. It can inhibit innovation and, at the worst possible moment, prevent the sensible use of available resources to improve a bad situation.In satisfying the demands of the offshore energy sector, the U.S. maritime industry has developed incredibly versatile tools.
HMD Confirms Evergreen Boxship Order
South Korean shipbuilder Hyundai Mipo Dockyard (HMD), a unit of Hyundai Heavy Industries (HHI), has confirmed the KRW 110 billion ($100m) newbuilding order for four units of 1…
MTS Appoints Dr. Josh Kohut as VP
The Marine Technology Society (MTS) announced that its membership has elected Dr. Josh Kohut, a professor at Rutgers University at the Center for Ocean Observing Leadership…
DSME Targets $6.8Bn in Deals for 2020
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co (DSME) is targeting deals worth more than $6.88 billion in 2020, said a report by Yonhap.DSME…
Energean, DEPA Pact for EastMed Pipeline
UK-based international oil and gas exploration and production company Energean Oil & Gas and the Public Gas Corporation of Greece (DEPA) have agreed to cooperate…
Toshiba Delivers Fuel Cell System to Ship
The provider of energy industry solutions Toshiba Energy Systems & Solutions Corporation (Toshiba ESS) announced that the company has delivered a mobile 30kW hydrogen fuel cell system…
TOP Ships Sells 2 MR1 Product Tankers
TOP Ships, an international owner and operator of modern, fuel efficient ECO tanker vessels, announced that it has sold to unaffiliated third parties its two Medium…
Adani Buys 75% Stake in Krishnapatnam Port
Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest private sector port operator, has agreed to buy a 75% stake in Krishnapatnam Port Co. Ltd (KPCL) at an enterprise value of INR 13…
