Baltic Index Up on Higher Capesize Rates
The Baltic Exchange's main sea freight index rose on Thursday after an eight-session losing streak, on higher rates for capesize vessels. The overall index, which…
China June Seaborne Iron Ore could Set Record
June seaborne iron ore imports to reach 98.22 mln Tons; local mills to ramp up output to reap large margins. China's June seaborne iron ore imports are on track to rise to a record high…
Vestas, Maersk Tackle wind turbine Transport, Installation Costs
Project has secured $7.3 mln in public funding; sector races to build ever bigger turbines. Danish wind turbine maker Vestas and offshore services firm Maersk Supply…
Icahn Cuts Stake in Cheniere
Activist investor Carl Icahn has reduced his stake in energy company Cheniere Energy Inc to 9.5 percent, and said he was confident in the company's management and Chief Executive Officer Jack Fusco.
Marine Shipping Sector Eyes LNG to Meet Clean Fuel Rules
With new global emissions standards looming, the marine shipping industry is increasingly looking at liquefied natural gas as alternative to high-sulfur bunker fuel…
Fincantieri Bay Shipbuilding to Build 740ft Self-Unloading Great Lakes Barge
Fincantieri Bay Shipbuilding has signed an agreement with VanEnkevort Tug & Barge, Inc. to construct a new self-unloading barge for transportation of bulk products throughout the Great Lakes region.
PGNiG and Venture Global LNG Sign Pact
Polish Oil & Gas Company (PGNiG) and Venture Global LNG have entered into an agreement relating to the terms of delivery of liquefied natural gas from Calcasieu…
DNV GL Type Approval for XPAND Battery System
U.S. manufacturer of lithium-ion cells and battery systems XALT Energy’s XPAND Battery system has been certified as acceptable for installation on all marine vessels classified by DNV GL.
ClassNK Releases Annual Report on Port State Control
Leading classification society ClassNK has released its annual report on Port State Control. The report aims to assist ship operators and management companies in…
Future USS Indiana Delivered
The US Navy accepted delivery of future attack submarine USS Indiana (SSN 789), the 16th submarine of the Virginia class, June 25. The ship began construction in…
Port of Oakland Wants Terminals to Get Greener
Oakland’s largest marine terminal operator plans to clear the air using hybrid cargo-handling technology. SSA Terminals said today it will retrofit 13 diesel-powered…
Xeneta Rolls-out Container Shipping Index
Xeneta, the leading ocean freight rate benchmarking and market intelligence platform, is launching a product offering that aims to transform the way shippers, freight…
India's ‘Sagarmala’ Receives Gold Award
Indian Ministry of Shipping’s flagship program for port-led-prosperity ‘Sagarmala’ received the ‘Gold Award’ in infrastructure sector in the recently concluded 52nd Skoch Summit 2018 in New Delhi…
Diana Shipping, BNP Paribas Pact for Five Year Loan Facility
Diana Shipping announced that on June 20, 2018, it signed a term sheet with the French bank BNP Paribas for a five year loan facility of up to US$75 million, subject to loan documentation.
Foss Maritime Centralizes Ops with Helm
Foss Maritime will centralize fleet management and operations with Helm CONNECT. The announcement comes as Foss progresses to better organize and streamline operations across core business units and wholly-owned subsidiaries along the U.S. West Coast, and in Hawaii and Alaska.As part of the agreement with Helm Operations, Foss will centralize its vessel dispatching, billing, maintenance, compliance and personnel management in the Helm CONNECT software platform.“At Foss…
SMS Completes HSC Refit in Cherbourg
SMS, a ship repair and marine engineering service company based in Southampton, has completed its first major high speed craft (HSC) refit in France. Last week, SMS docked the HSC Condor Rapide on the Port Normands Associe’s (PNA) ship lift at the Port of Cherbourg in France.The Rolls-Royce syncrolift is 90m x 32m and offers a 3000T lift capacity. Located just 75 miles from Southampton on the UK's south coast…
NICO International Partners With Cleanship Solutions
As the maritime industry continues to demand cleaner emissions from ships, there will be a proliferation of partnerships designed to get ships in compliance quickly, efficiently.Cleanship Solutions Ltd., UK based company specializing in ballast water management and exhaust gas cleaning retrofit engineering, entered in to a Memorandum of Understanding with NICO International – a UAE based marine and industrial engineering company.With the new alliance in place…
TNPA Focuses on Ship Repair
Transnet National Ports Authority (TNPA) appointed Preston Khomo, previously Richards Bay Port Manager, as Executive Manager: Ship Repair, to manage and administer the organization’s ship repair resources nationally.Thamsanqa (Thami) Sithole has been appointed as the new Port Manager for Richards Bay. Both appointments are effective July 1.Khomo joined TNPA in 2004 as Head of Infrastructure Development…
MOU to Develop Zero-Emission Fuel Cell Power Plant
ABB and Ballard Power Systems signed a Memorandum of Understanding (MoU) on developing the next-generation fuel cell power system for sustainable marine e-mobility.The fuel cell power system, to be jointly designed, developed and validated by ABB and Ballard Power Systems, is anticipated to play a significant part in accelerating the industry-wide adoption of sustainable solutions for marine e-mobility…
Kingston Council Takes Delivery of Damen CSD 350
Kingston District Council, in partnership with the Cape Jaffa Development Group, has recently taken delivery of a Cutter Suction Dredger (CSD) from Damen Shipyards Group. The CSD350 will be used to dredge along the breakwater at Cape Jaffa, the Cape Jaffa marina and within Maria Creek Boat Launch Facility in Kingston. This is the only dredger owned by a South Australian council, and has been the most…
