Yang Ming Launches New Container Vessel, 'YM Wellbeing'
YM Wellbeing, a new 14,000 TEU full-container vessel built by Imabari Shipbuilding Co., Ltd., was named at a ceremony held on 18th September, 2018.Yang Ming Marine Transport Corp.
Diana Shipping Issues USD100mln Bond
Diana Shipping announced the pricing of a US$100 million private placement of senior unsecured bonds maturing in September 2023 and callable beginning three years after issuance.In additionā¦
The USD1trln African Maritime Industry Mulls Further Growth
The blue economy can be the engine of economic growth, the basis of socio-economic development and industrialization for many African countries, if well utilized.The maritime industryā¦
Port Management and Efficiency Training in France
High-level officials and decision-makers from maritime and port authorities around the world are undergoing intense training in port management and operational efficiencyā¦
PPG, MTU Power Bay Area's New Ferries
San Francisco Bay Area ferry operator Water Emergency Transportation Authority (WETA) is expanding its fleet with new vessels in order to meet large ridership increases. By 2035, WETA expects to add a total of 44 new vessels to meet anticipated demand, which is expected to increase by as much as 900 percent.As part of its larger fleet expansion strategy, WETA currently has three new ferries on order at the Dakota Creek Industries shipyard in Anacortes, Wash.
China LNG Tariff Casts Shadow Over New US Export Terminals
China set a 10 percent tariff on U.S. liquefied natural gas (LNG) imports, extending a trade dispute into energy and casting a shadow over U.S. export terminals that would propel the United States into the world's second-largest LNG seller.Beijing on Tuesday said it would tax U.S. products worth $60 billion effective Sept. 24 in retaliation for tariffs imposed by U.S. President Donald Trump in an escalating trade war.The rate was smaller than the 25 percent tariff China had touted earlierā¦
UK Aircraft Carrier Dodges Hurricane Florence
British aircraft carrier HMS Queen Elizabeth arrived in Norfolk, Va. a bit later than planned on Monday after evading Hurricane Florence, which devastated large areas of the U.S. East Coast.The Royal Navy said HMS Queen Elizabeth skirted south of the hurricane, but sailed close enough for the effects of a four meter swell, five meter wave height and winds gusting 40 knots to be felt throughout the carrierā¦
Boat Built with Recycled Plastic to Highlight Pollution
Kenyan islanders have built a boat made entirely of recycled plastic collected during clean-ups of the ocean to highlight the growing menace of plastic waste that ends up in the sea.Last year, the Kenyan government imposed the worldās toughest law against plastic bags, with offenders - including producers, retailers, and ordinary Kenyans - risking imprisonment for up to four years or fines of $40,000, in a bid to reduce plastic pollution.Many bags drift into the ocean, strangling turtles, suffoc
Horizon Maritime Adds Tidewater OSV to Its Fleet
As momentum continues to slowly ramp up in the offshore sector, Horizon Maritime said it has grown its fleet with the addition of another multifunctional offshore support vessels (OSV) from Houston-based Tidewater Marine.The new vessel, Tidewater Enabler, joined Horizonās fleet in August and is capable of supporting various specialized marine applications, the company said. The OSV is designed for operations in harsh weather conditions and features a 100-metric-ton/2ā¦
Hyundai Mipo Dockyard Licensed by GTT
GTT has signed a Technical Assistance and License Agreement (TALA) with South Korean shipbuilder Hyundai Mipo Dockyard (HMD) targeting the outfitting of gas carriersā¦
Naval Group Celebrates 10 years in India
September 18, 2018 marks 10 years in business for Naval Group in India. From its 2008 start as DCNS India with just 10 employees, Naval Group has grown to have a team of over 50 professionals in the country that specialize in engineering, supply chain and project management while building a sound industrial ecosystem. The team supports the Indian defense industry and Indian Navy under the nation'sā¦
US Navy: 3D Printing is the Way of the Future
On August 24, 2018, the Arleigh Burke-class guided-missile destroyer USS Chung-Hoon (DDG 93) faced a problem that didnāt have a quick solution: A bolt from a hangar bay door roller assembly was stressed to the point of breaking, rendering the door unable to perform its basic task of opening and closing. In order for Chung-Hoon to get this one bolt, they would need to order a whole new roller assemblyā¦
Canada to Study Shipping's Environmental Impact
The Government of Canada is acting to preserve and restore marine ecosystems that are vulnerable to increased marine shipping and development.Transport Canada has awarded a contract to ESSA Technologies Ltd. under the Oceans Protection Plan to look at methodologies and tools to assess the cumulative impacts of marine shipping on coastal marine ecosystems.Transport Canadaās national cumulative effectsā¦
Port of San Juan: A Case Study in Port Security Innovation
Thirty-six hours after Hurricane Maria hit Puerto Rico, the port of San Juan was back up and running, scanning the incoming relief cargo as it arrived. Now, nearly a year after the historic storm, San Juan remains one of the most secure and efficient ports in the world, scanning and adjudicating cargo shipments at an unprecedented speed, with wait times similar to pausing at a stop light. It was theā¦
Goliat Oilfield Shut for Maintenance
Oil production at Eni's Arctic Goliat field off the coast of Norway was shut on Monday for planned maintenance, a company spokeswoman told Reuters.The outage is expected to last for about 10 days, she added.Goliat, the world's northernmost producing oilfield, has a capacity of close to 100,000 barrels of crude per day.(Reporting by Terje Solsvik, editing by Camilla Knudsen)
BSM Launches a Offshore Division
In what can be construed as another positive sign for the turnaround of the offshore energy markets, Bernhard Schulte Shipmanagement (BSM) said it has set up a new business unit to focus on the oil and gas and offshore energy renewables markets.āThis segment is focused on special operations and driven by different rules, so we decided to establish a dedicated expert team to specifically attend to the needs of the offshore marketā¦
SENER-design LNG unit for Panfido
SENER signed a contract with the owner Rimorchiatori Riuniti Panfido & C.s.r.l for delivering the basic engineering and technical assistance in the construction of a liquefied natural gas (LNG) SBBT unit, which will operate in Italy and the Adriatic. Panfido is one of the most important tug and barge owners in Europe, with 130 years of experience in marine services. This project is co-funded by theā¦
ESVAGT Orders Two SOVs from Havyard
Danish shipowner ESVAGT and offshore wind farm developer MHI Vestas have sealed long-term contracts for the delivery of two new service operation vessels (SOVs) for separate wind farms off the Netherlands and the U.K.The wind farm service vessels will work the fields Borssele 3-4, located 22 km off the coast of Zeeland in the Netherlands, and Triton Knoll, which is 33 km off the coast of Lincolnshire in England, which together will produce 1,600 MW green energy from 2021.
Diana Shipping Signs TC Contract for m/v Artemis with Ausca
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Ausca Shipping Limited, Hong Kong, for one of its Panamax dry bulk vesselsā¦
Zennor Petroleum Acquires Stake in Britannia Field
North Sea oil company Zennor Petroleum has entered into a Sale and Purchase Agreement with Mitsui E&P UK in respect of its interests in United Kingdom Continental Shelf Licences P.213ā¦
