SK Group Intros Bio Heavy Oil
South Korea's SK Chemicals Co has introduced a project to use bio heavy oil as vessel fuel amid rising demand for cleaner energy sources.The chemical and pharmaceutical…
Research Vessel Delivered to Orca Maritime
Washington-based boat builder Armstrong Marine said it has delivered a new 42’ x 16’ catamaran research vessel, Benthic Cat, to Orca Maritime, Inc. following launch and sea trials in Port Angeles Harbor. The vessel will enter service immediately, beginning with a week-long operation around San Clemente Island.The second IPS-drive catamaran delivered by Armstrong, the 4216-CTC model was selected by…
Five Believed Dead in Alaska Shipwreck
Five commercial fishermen were believed to have died after their crabbing vessel sank on New Year’s Eve in the Gulf of Alaska, the U.S. Coast Guard said after ending…
Containership Grounds in the Bosphorus Strait
A foreign cargo ship ran aground in Istanbul's Bosphorus strait on Friday, requiring a rescue operation and prompting authorities to temporarily close the picturesque…
Gulf Oil Marine and Azurtane Partner
Now that the fuel sulphur regulations have come into force from January 1, 2020, charterers and operators will begin to feel the pressure to reduce greenhouse gas (GHG) emissions.Gulf Oil Marine has partnered with marine technology firm Azurtane to help customers monitor and manage energy usage and emissions compliance.The change in fuels resulting from the 2020 0.5% sulphur regulations has meant a…
Research Vessel Equipped with Integrated IoT System
KVH Industries, Inc. and Kongsberg Digital completed the installation of their first joint maritime IoT system on an active working vessel.The team installed a KVH Watch VSAT antenna for IoT connectivity and the Kognifai Vessel Insight platform on Simrad Echo, a Norwegian research vessel owned and operated by Kongsberg, which will continue normal operations during the pilot maritime IoT project. Together…
Baltic Index Marks Worst Day in 6 Years
The Baltic Exchange's main sea freight index on Thursday posted its biggest one-day percentage decline in six years, pressured by depressing demand for dry bulk vessel segments.* On its first day of trading in the new year, the Baltic index , which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, fell 114 points to 976 points, its lowest level since May 2019.* The overall index declined about 10.5%…
GEV Pact with CIMC Raffles for 8 Vessels
Australia-listed Global Energy Ventures (GEV) has extended a letter of intent (LOI) with Yantai CIMC Raffles Offshore to build the CNG Optimum 200 ships.The extension is for six months through to 30 June 2020. The LOI is based on a firm order for four 200 MM scf Compressed Natural Gas (CNG) ships with the option for GEV to order up to an additional four ships.The parties have executed the LOI, with the intention of entering a Shipbuilding Engineering…
First Woman Deputy Administrator at Panama Canal
Ilya Espino de Marotta, who played a lead role in the expansions of the Panama Canal took office on January 1 as the first woman deputy administrator of the…
Brodosplit Cuts Steel for Expedition Ship
Oceanwide Expeditions, the Dutch company specializing in expedition-style voyages to Antarctica and the Arctic, has cut steel on its newbuild, Polar Class 6 expedition ship…
Shareholder base Expands on Fortum's Nordic Wind Portfolio
Finnish state-owned energy company Fortum and Credit Suisse Energy Infrastructure Partners (CSEIP) have today signed an agreement whereby funds advised by CSEIP…
Estonia Mulls OWF in Gulf of Riga
The Estonian government's decision to initiate the construction permit procedure for the Gulf of Riga offshore wind farm allows Eesti Energia to continue its research…
Russia to Strengthen Northern Sea Route
Russian state atomic energy agency Rosatom and compatriot private transportation and logistics company Delo Group will jointly develop international multi-modal shipments and transit shipments Asia-Eu
Russia's Floating Power Plant Plugged In
Russia’s state-owned nuclear company Rosatom said its floating nuclear power plant has been connected to the grid and has commenced electricity production for the…
India to Lead Asia New-Build Pipeline Growth
India is expected to lead Asia’s oil and gas new-build trunk/pipeline length additions, contributing around 53 percent of Asia’s planned and announced pipeline length…
South Korean Yards Close Year with No.1 Spot
South Korean shipbuilders are expected to maintain their status as the world’s top position in new orders this year, although they may fail to meet their annual…
Castleton Closes Shell Shale Deal
Houston-based Castleton Resources said that its subsidiary Castleton Commodities International LLC (CCI) has closed on the acquisition of the East Texas and North…
GLDD Details $83M in Awarded Work
North America's dredging company Great Lakes Dredge & Dock Corporation (GLDD) announced the receipt of several major dredging awards totaling $ 83 million.David Simonelli…
NLE, Liebherr-Russland Pact on Port Equipment
NCSP Group, Europe's third largest port operator in terms of cargo turnover, its subsidiary Novorosleseksport (NLE AO) will receive port equipment from Liebherr-Russland OOO.Dmitry Korchnev…
Rosmorport Marks 400th Anniversary of Russia's Pilot Service Foundation
Rosmorport says a solemn ceremony devoted to opening a monument in honor of the 400th anniversary of the foundation of the Russian pilot service was held in Arkhangelsk on December 18…
