Diana Containerships Slips Into the Red
Diana Containerships reported a net loss of $42.3 million for the second quarter of 2018, compared to net income of $36.5 million for the same period of 2017. The…
Scorpio Bulkers Secures $60 Mln Loan Facility
Scorpio Bulkers Inc. said it has received a commitment from ABN AMRO Bank N.V. and Norddeutsche Landesbank Girozentrale for a loan facility of up to $60 million…
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Significant moments in naval architecture & marine engineeringIn March 1989, oil tanker Exxon Valdez spilled 11 million gallons of crude oil after running aground in Alaska's Prince Williams Sound. The oil spill stood as the largest in U.S. history until the 2010 Deepwater Horizon disaster in the Gulf of Mexico.The Exxon Valdez incident, while certainly not a bright spot in maritime history, led to broad changes across the industry…
GTT Bags Tank Design Work for New LNG Carrier
GTT said it has received a new order notification from the Korean shipyard Hyundai Samho Heavy Industries (HSHI) for the tank design of a new 174,000 m3 liquefied natural gas (LNG) carrier…
Wison Wins FEED Contract for Canadian FLNG Project
Wison Offshore & Marine announced it has been awarded a contract to carry out front-end engineering design (FEED) for a proposed floating liquefied natural gas (FLNG) project sited in British Columbia, Canada.Wison said it has entered into a Technical Service Agreement (TSA) with the project’s developer Western LNG LLC, pursuant to which Wison will develop the basis of design (BOD) and carry out FEED wordk.
Aussie Pump Goes to Sea
Marine conservation group Sea Shepherd has recently installed another Aussie GMP bronze pump from Australian manufacture Australian Pump Industries, commonly known as Aussie Pumps. The unit is fitted to the M/Y Steve Irwin and forms part of the updated seawater sewer system.Brian Race from Sea Shepherd Global chose the Aussie because of its high-quality nickel aluminum bronze construction and open impeller.
ZF Appoints New Board Members
ZF Friedrichshafen AG's Supervisory Board has appointed Sabine Jaskula and Dr. Holger Klein to the company's Board of Management.Jaskula, an experienced HR manager and lawyer, will be responsible for Corporate HR and Legal functions from latest January 1, 2019. In this function, she will also be in charge of compliance. Dr. Klein has been appointed to ZF's Board of Management with effect from October 1, 2018.
SBM Offshore Reaches Settlement in Brazil Corruption Probe
SBM Offshore has reached a settlement in a long-running corruption investigation it faced in Brazil, allowing the Dutch marine engineering group to take up new business there.SBM said late on Thursday it would pay approximately $189 million to the Brazilian authorities and state oil company Petrobras in fines and compensation for damages.The company would not receive earlier agreed performance bonuses worth about $180 million in the period until 2030…
CNIV Module Installed on Erha FPSO in Nigeria
The Jumbo Javelin and her team have successfully installed a 100t Calcium Nitrate Injection Vessel (CNIV) module on the ERHA FPSO offshore Nigeria for Mobil Producing Nigeria (MPN).For this assignment the Jumbo Javelin had the Fly-Jib installed in Singapore. The 16-meter x 700t SWL Fly-Jib gives essential additional lifting height when mounted on the vessels forward crane.Once the Fly-Jib was installed…
Contaminated Fuels Clog Ship Engines in Singapore
Contaminated marine fuel that clogs and damages ship engines has been found in Singapore, the world's largest ship refuelling hub, according to sources and an alert sent to clients by a marine fuel surveying company.Singapore-based marine fuel surveyor and consulting firm Maritec Pte Ltd warned clients this week that six samples of ship fuel sold in Singapore had "resulted in severe sludging at centrifuges…
Baltic Index Slips on Lower Capesize Rates
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Friday for the third straight session, hurt by lower capesize rates.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 32 points or 1.9 percent to 1,676 points.* The index fell 1 percent this week, the first decline in five weeks, even…
COSL to Drill Tui Field Wells for Tamarind Resources
Offshore driller COSL Drilling Europe as entered into an agreement with Tamarind Resources for drilling operations with Hai Yang Shi You 982 (HYSY 982) in New Zealand.Tamarind…
Port of Rotterdam Throughput Drops 2.2% in 1H 2018
The port of Rotterdam achieved throughput of 232.8 million tonnes in the first six months of 2018. That is 2.2% less than in the first six months of 2017.Container throughput…
Serbia Accedes to BWM Convention
Seventy-four countries have now signed up to International Maritime Organization (IMO)'s Ballast Water Management Convention, with Serbia being the latest to accede…
Scorpio Bulkers Gets New Loan Facility
Monaco-based international shipping company Scorpio Bulkers announced that it has received a commitment from ABN AMRO Bank N.V. and Norddeutsche Landesbank Girozentrale…
Liberia Becomes Fastest Growing Flag in Shipping
Liberia is the fastest growing major open registry in 2018 in both the shipping and offshore sectors, according to shipping services provider Clarksons in its Clarksons…
IMO Training to Cut Emissions in Malaysian Ports
Malaysian maritime officials are touring the Port of Bintulu on Borneo island as part of an International Maritime Organization (IMO) training package helping countries…
Damen Completes Maintenance on Fugro Mercator
Damen Shiprepair Harlingen (DSHL) has completed maintenance and repair works on the Fugro Mercator, a twin-hulled survey vessel operated by Fugro.Fugro Mercator…
Women in Shipping: 21st Century Workforce
In an industry facing significant skill shortages many organizations are ready to take a fresh approach to recruiting and retaining women in the shipping workplace.
Mauritius Signs Jeddah Amendment on Illicit Maritime Activity
Mauritius has become the 15th signatory to the Jeddah Amendment to the Djibouti Code of Conduct – the instrument developed and adopted by countries in the Western…