Eagle Bulk Buys Ultramax Bulk Carrier
Eagle Bulk Shipping Inc. continues its fleet renewal strategy with today’s announcement that it has acquired a secondhand bulk carrier for a purchase price of $21.2 million.The ship…
The ABB Electric Tow Boat Beckons to Inland Operators
Long a staple for offshore service providers, a more compact and carefully designed version of the diesel electric option is now available for inland pushboats.
Maersk: India Recording a 14% Upturn
India´s containerized trade with the BRICS´ nations trademarks a rise of 14 percent. Export trade from India to Brazil, China, Russia and South Africa in Q1 2018 increased 7,5 percent YOY from same period last year. South Africa turned to be Indian´s top trade partner.BRICS EXIM trade registers steady growth of 1.5 percent in Q1 2018 compared to Q1 2017. “Last year, the BRICS´ joint contribution to the world economy was 23.6 percent…
China's Stricter Ship Emissions Rules a Boon for IMO 2020 Compliance
Tighter rules on shipping emissions around China's coastlines from the start of next year is a clear sign the world's No.
Mega Containership Equipped with ABB Turbochargers
ABB turbochargers installed on board China’s largest containership help to ensure optimal performance and fuel efficiency.The flagship in COSCO SHIPPING Lines’ Universe mega containership series, the 21,000+ TEU COSCO Shipping Universe, was delivered in June 2018 by Chinese shipbbuilder Jiangnan Shipyard (Group) Co. Ltd. The vessel is equipped with three ABB A180-L two-stroke turbochargers to match…
Russia: 3 Killed in Volzhsky Shipyard Explosion
A gas explosion has taken place at the Volzhsky Ship Repair Yard in Russia’s Volgograd Region, Tass reported quoting a source in the regional head office of the…
Samsung Heavy Industries Post Quarterly Loss
Seoul-listed South Korean shipbuilder Samsung Heavy Industries (SHI) sunk into the red in the second quarter, on increased costs and one-off losses.SHI said in a…
Truman Strike Group Returns to Norfolk, Remains Ready
Nearly 6,500 Sailors of the Harry S. Truman Carrier Strike Group (HSTCSG) arrived in Naval Station (NS) Norfolk, Virginia, July 21.The aircraft carrier USS Harry S.
Hikawa Maru's Technological Links to Showa Era
Hikawa Maru, which is owned by Nippon Yusen Kabushiki Kaisha (NYK)x, has been recognized by the Japan Society of Naval Architects and Ocean Engineers (JASNAOE) as…
Ocean Rig Announces New Contracts
The international contractor of offshore deepwater drilling services Ocean Rig UDW has entered into a new drilling contract with Chariot Oil & Gas Limited for a one-well drilling program…
Scorpio Bulkers Back in the Black
With a net profit of USD 0.8 million, Scorpio Bulkers shows positive results in the second quarter of 2018 compared to a net loss was USD 13.4 million for the the…
IMO on Maritime Security in 21st Century
International Maritime Organization (IMO) Secretary-General Kitack Lim has highlighted the Organization’s work and response to a changing maritime security landscape.Speaking…
SPECIAL REPORT: GREAT LAKES BUSINESS and The Great Lakes Group
Embracing and spanning the full breadth of Great Lakes geography and business mix, GLG’s Joe Starck has his multi-missioned firm looking to the future – in more…
'Treasure Ship' Discovery Claim Raises Eyebrows
A South Korean company’s claims that it has discovered the wreck of a Russian warship containing $130 billion in gold “treasure” off South Korea has been met with scepticism from researchers and regulators in Seoul.Shinil Group, which was established last month, said on Tuesday it had discovered the wreck of the Dmitrii Donskoi, a Russian armored cruiser built in the 1880s and sunk in 1905 after battling…
Asian Cruise Market Growth Continues -Report
Cruise vacations are growing increasingly popular in Asian markets, according to the latest report from trade association Cruise Lines International Association (CLIA).Asian-sourced ocean cruise passenger numbers hit another record high in 2017 with more than 4 million taking an ocean cruise (up 20.6 percent), CLIA’s 2018 Asia Cruise Trends report revealed.Asia accounted for about 15 percent of total…
Lamarre Named CEO at Seaspan Shipyards
Mark Lamarre, who most recently served as CEO of Australian Shipbuilding Company (ASC), has been named CEO of Seaspan Shipyards effective immediately. Lamarre succeeds Brian Carter, who stepped down to pursue other opportunities.Lamarre’s appointment follows recent Seaspan Shipyards additions to the senior leadership team, including Jari Anttila (previously with Philly Shipyard Inc. and Meyer Turku…
Coast Guard Salvages Missouri Boat after Fatal Sinking
The U.S. Coast Guard used a floating crane on Monday to raise the "duck boat" that sank beneath storm-whipped waves in a Missouri lake last week, drowning 17 people in one of the deadliest tourist accidents in the United States in years.Workers in hard hats spent an hour or so helping divers connect slings to the World War Two-style amphibious vessel some 80 feet (24 meters) below the water's surface before raising it and dragging it…
Princess Cruises Orders Two Record-setting Newbuilds
Italian shipbuilder Fincantieri said it has signed a memorandum of agreement (MoA) with Carnival Corporation brand Princess Cruises for the construction of two 175,000-ton cruise ships. The newbuilds, which will be the largest ships built so far in Italy, are slated to be delivered in Monfalcone in late 2023 and in spring 2025.The vessels will accommodate approximately 4,300 guests and will be based on a next-generation platform design…
SMM Plans 3D Printing Exhibition
From propellers and components to entire ships, there is hardly anything additive manufacturing will not be able to make one day. 3D printing technology is still in its infancy, but experts agree that it will forever change the global flow of products; at the same time, however, it may open up entirely new perspectives for shipping. For example, by creating the ability to provide spare parts just in time at any place in the world.
KVH Ships 8,000th Mini-VSAT System
KVH Industries, Inc. announced that it recently shipped its 8,000th mini-VSAT Broadbandsm system. The TracPhone V-series satellite communications antenna systems utilize advanced satellite technology, including the latest high throughput satellites (HTS), to meet the growing demand for more onboard broadband connectivity.“Our newest HTS systems are in high demand throughout the maritime industry, and build on the strength and reputation of our entire product line…
