MethaShip Project Projects Methanol as Future Fuel
The Methanol Institute has welcomed the findings of the MethaShip research project which has concluded that renewable Methanol offers a long term solution for theā¦
Marine Environment Protection Committee to Address Sulphur Limit Implementation
International Maritime Organization (IMO)'s Marine Environment Protection Committee (MEPC 73) has begun a busy session (22-26 October).On Monday, the MEPC movedā¦
Scrubber-fitted Dry Bulk Vessels to Command Premiums -MSI
A two-tier market will reward early adopters with higher timecharter rates and asset values as cost of low sulphur fuel increases dramatically, says research and consultancy firm Maritime Strategies International (MSI).According to MSI, scrubber-fitted dry bulk vessels could be earning a significant premium over those burning more expensive low sulphur fuel and higher asset values will reward thoseā¦
Petrobras Receives $149 Mln from SBM in Leniency Deal
Brazilian state-run oil company Petroleo Brasileiro SA has received an initial payment of 549 million reais ($148.92 million) from Dutch marine engineering group SBM Offshore as part of a 1.22 billion-real leniency deal, the Brazilian government said on Monday.As a result of a long-running corruption investigation, SBM was accused of paying bribes to secure contracts with Petrobras, as the state-controlled oil company is known.($1 = 3.6866 reais)(Reporting by Alexandra Alper; editing by Jonathan
Crowley Christens LNG ConRo El Coquí
Crowley Maritime Corp. on Saturday christened its Commitment Class combination container/roll on-roll off (ConRo) ship El Coquí, which is among the first of its kind to be powered by liquefied natural gas (LNG).The Jones Act compliant vessel is the first of two built as part of Crowleyās Commitment Class project and a key new component in the companyās supply chain transformation in the U.S. mainland-Puerto Rico trade.
MarineMTS Strikes Equity Deal with SRH Marine Electronics
Stonehaven-based marine technology company MarineMTS has struck an equity funding deal with SRH Marine SAIT (trading as SRH Marine Electronics). The deal will see the North-east business benefit from a multimillion dollar funding package, and through SRH Marineās existing customer base, unlock access to approximately 15,000 vessels which could benefit from MarineMTSā latest āSilverboxā technology.
Marshall Islands Confirms No Class Certificate Surcharge
International Registries, Inc. and its affiliates (IRI) announced that the Republic of the Marshall Islands (RMI) Registry will not levy surcharges and commissionsā¦
Ferry Hits Yachts in Heavy Fog off Isle of Wight
A ferry collided with at least two yachts and then ran aground in heavy fog off the Isle of Wight in southern England on Sunday, the Maritime and Coastguard Agencyā¦
Med Marine's New Tug Fleet Completed
With the new tug MED XXIX recently put into service, Turkey-based Med Marineās new fleet of six vessels is now complete. The ASD-type tugs are designed for harbor and terminal operations as well as for coastal towing.The main propulsion for the RAmparts 2300-MM consists of a pair of Caterpillar CAT 3512C engines, each rated with 1,380 bkW at 1,600 rpm, and each driving a SCHOTTEL SRP 340 azimuthing stern drive unit with fixed-pitch propellers of 2ā¦
GTT Wins New Order from DSME
French firm GTT said it received an order from the South Korean shipyard Daewoo Shipbuilding and Marine Engineering (DSME) for the tank design of a liquefied naturalā¦
Japan Spent $4 Bln to Back Global LNG Infrastructure Push
The Japanese government along with private companies have spent $4 billion in the past year on liquefied natural gas (LNG) projects, mainly in Asia and across the supply chain, to help spur demand for the fuel, the country's trade minister said on Monday.Hiroshige Seko, speaking at the annual LNG Producer-Consumer Conference in Nagoya, Japan, said Japan offered training to 200 people from 15 countriesā¦
Metal Shark Open for Business in Alabama
Metal Shark announced it has secured a contract to build three 120ā x 35ā river towboats for Florida Marine Transporters, Inc. (FMT), signalling the U.S. shipbuilderās entry into the towboat market.The four-decked, welded-steel, USCG Subchapter āMā-compliant towboats were designed by John W. Gilbert Associates, Inc. and will be powered by twin Cat 3512C Tier 3 marine diesel engines rated at 1,911 HP each.
Mexico Hopes to Reach Deal on Steel with US, Canada Soon
Mexican Deputy Economy Minister Rogelio Garza said on Monday that the government was very confident that it would soon reach a deal with the United States and Canada over steel tariffs.The administration of U.S. President Donald Trump imposed tariffs on steel imports in June, citing national security reasons. Canada followed with tariffs on a range of steel products earlier this month.Reporting by Sharay Angulo; writing by Julia Love
MCA to Increase Fees
The Maritime & Coastguard Agency (MCA) is to increase its fees for the first time in over ten years ā giving it the flexibility to invest further in the services it provides to the maritime sector.From November 13, 2018, the Maritime & Coastguard Agency (MCA) will increase most of its fees across the whole of the U.K.The fee increases have been carefully planned, with a public consultation carried out in 2016, so industry and all those affected have been involved every step of the way.
Pavilion Inks Long-term LNG Charter Deal with BW
Singapore's Pavilion Energy has signed an agreement with commodities shipper BW Group for the long-term charter of two newly built liquefied natural gas (LNG) vessels, the company said on Monday.The 173,400 cubic meter vessels, expected to be delivered between 2019 and 2020, will add to Pavilion's global portfolio and boost its LNG trading expansion, the company said.The M-type, electronically controlledā¦
Croatian Shipbuilders Strike Again Over Late Salary
Workers at Croatia's largest shipbuilding group Uljanik on Monday held their second strike in less than two months, this time over unpaid salary for September.In late August, the workers downed tools because of uncertainty over payments for July and August. Those two months' salaries were secured after the government reached a deal with a local bank.Uljanik owns two docks, with some 4,000 workers, located in the northern Adriatic cities of Pula and Rijeka.
Crowley Urges Against Pilotage Fee Hike in Port Everglades
Port Everglades' largest tenant is urging the Florida Board of Pilot Commissioners to reject a proposed fee increase for harbor pilot services that it says would unfairly raise average pilotage costs more than 100 percent for shipping lines that call frequently at the port.While the proposed fee structure would decrease fees for cruise ships, it would hike the costs for companies that operate frequent-call feeder vessels that sail in and out of Port Evergladesā¦
Stronger Capesize Rates Lifts Baltic Index to One-Week High
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, hit a one-week high on Monday, supported by rising rates for the capesize vessel segment.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 3 points, or 0.2 percent, to 1,579 points, highest since Oct. 15.* The capesize index gained 66 points, or 3 percentā¦
Solstad Seeks Creditor Talks Amid Sluggish Recovery
Norwegian oil service vessels (OSV) firm Solstad Offshore is seeking negotiations with creditors and other stakeholders to boost liquidity ahead of the slow winter season, the company said on Monday, sending its shares down 20 percent."We were all too optimistic about when the recovery will happen," Chief Executive Lars Peder Solstad told Reuters. "2019 will probably be a bit better, but we will needā¦
ABS Awards AIP to HHIās Deepwater FLNG Hull
ABS granted Approval in Principle (AIP) to Hyundai Heavy Industriesā (HHI) Deepwater Floating Liquefied Natural Gas (FLNG) hull design.HHI advises the Newbuildingā¦
