Oilfield Services Pricing Rises
Oilfield services companies are in bullish mode. They are now able to raise prices for their products and services, after several years of gloom.“Oil and gas investments are on the rise…
Museum Adds Tug OHIO to Exhibit
Great Lakes Towing Company (GLT), the largest U.S.-flag tugboat company engaged in towing on the Great Lakes, christened the new Tug OHIO into service and dedicated…
First LNG Cargo Aboard Q-Flex Carrier in Turkey
Qatargas, the world's largest liquefied natural gas company, has announced the safe delivery of the largest single cargo of liquefied natural gas (LNG) to the Marmara…
Anthony Veder Boosts Gas Pool Fleet
Anthony Veder, which operate gas tankers in all the segments of gas shipping, from LPG shipping to LNG shipping and from CO2 shipping to ethylene shipping, will…
Online Tool to Help Manage Fuel Costs
We4Sea, a company focused on increasing the fuel efficiency and lower the emissions of seagoing ships, released an update of its online software platform. "The update…
Hong Kong Firms Sign LNG Deals
Hong Kong's power firms Castle Peak Power Company Limited (CAPCO) and The Hongkong Electric Co., Ltd. (HKElectric) today announced that an agreement has been entered…
AKASOL Intros Lithium-Ion Battery
The German expert for lithium-ion battery systems AKASOL announced that, its fast-charging battery systems power a range of prototype vessels including the brand…
ITB Christens New Tug Island Regent
Canada's Island Tug and Barge (ITB) christened the second of two new ATB tugs, the Island Regent, at its headquarters in Burnaby.The Island Regent was designed by acclaimed Robert Allan Ltd.
MOL Signs FSRU Charter Deal
Japanese shipping transport company Mitsui O.S.K. Lines (MOL) has signed a charter deal with Hong Kong LNG Terminal Limited for a floating storage and regasification…
NBS Maritime Rolls out New VSAT Service
NBS Maritime, the ship supply company that provides mobile satellite communications for the maritime sector, has announced a new complete solution 'SeaDirect' for…
SL Mining Ships First Iron Ore Cargo
SL Mining, a wholly owned subsidiary of Gerald Group, has announced that its first shipment of iron ore concentrate has set sail from Freetown Port (Queen Elizabeth II) in Sierra Leone…
Aqualis completes Braemar Acquisition
Offshore engineering consultant Aqualis has completed the acquisition of the London-based Braemar Shipping Services' offshore, adjusting and marine consultancy business…
LNG Bunkering Capex $843mln in 2019
Global liquefied natural gas (LNG), bunkering market will see a capital expenditure (Capex) of $843mn in 2019, said a research report.Due to the stabilisation of prices…
USA to Dominate in LNG Capacity
The US and India are expected to lead capacity growth in the global LNG liquefaction and regasification industries from planned and announced (new-build) projects…
Teekay, Alpha Petroleum FPSO Deal Terminated
Teekay Offshore Partners, midstream services provider to the offshore oil production industry, said that the agreement with Alpha Petroleum signed in October 2018…
IMO Training ISM Code in Tanzania
The International Maritime Organization (IMO) said that its training on the International Safety Management (ISM) Code was conducted for nine countries in the eastern…
USCG Updates OCMI Guidance on SubM Work
The Coast Guard’s Office of Commercial Vessel Compliance has updated the Mission Management System CV-WI-010(2), Work Instruction for OCMI guidance on special consideration for inspected towing vessels.This work instruction provides guidance to OCMIs on the application and implementation of a special consideration determination for towing vessels inspected under 46 CFR Subchapter M.
​​​​Damen Welcomes Mexican Training Vessel, Cadets
Due to the port visit of the Mexican Sail Training Vessel ARM Cuauhtémoc to Scheveningen, the Netherlands, Damen Shipyards welcomed a group of officers, cadets and crew into its facilities in Gorinchem, The Netherlands. With this event, Damen celebrates its relationship of more than 40 years with Mexico, a country with some of Damen’s most important and long lasting customers.Through this relationship with Mexico…
New Armstrong NAIAD RHIB Operating in Hawaii
The 12.5m x 4.2m NAIAD RHIB Kibou recently commenced daily tours in Hawaii. The vessel was built by Armstrong Marine USA for Hawaii Experiences, which also operates the 40’ catamaran Mirai, built by Armstrong in 2017. Pacific Boats & Yachts, Armstrong Marine’s Hawaii agent, collaborated on both projects.The 40-passenger + 2 crew USCG Subchapter T vessel features NAIAD’s fender system with rub strip, and a generous shade canopy.
BIMCO: VLCC Freight Rates from Gulf to China Doubles
VLCC spot freight rates between the Arabian Gulf and China rose 101% in the days between June 13, 2019 and June 20, 2019, in the aftermath of attacks on two tankers in the Strait of Hormuz. Spot freight rates for a VLCC, carrying 2 million barrels of oil, between the Arabian Gulf and China reached USD 25,994 per day on June 20, their highest level since March and significantly above the May average of USD 9…
