Baltic Index Snaps Losing Streek
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday snapping eleven sessions of losses, supported by stronger capesize vessel rates.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 48 points, or 4.6 percent, at 1,090 points.The capesize index gained 125 points, or nearly 10 percent, to 1,401 points, after falling for eleven consecutive sessions.Average daily earnings for capesi
Offshore Oil: Tullow eyes Ghana Assets
Tullow Oil is interested in new oil blocks off Ghana's coast as part of the British explorer's plans to consolidate its operations in the West African nation, Chief Executive Paul McDade said.
Cochin Shipyard Gets Contract for Three
Cochin Shipyard Ltd. signed an agreement with the government of Kerala for the construction of three marine ambulance boats for the fisheries department.
Evac to Acquire Cathelco
Evac announced it will acquire Cathelco, a manufacturer of equipment for ships and offshore installations, a synergistic move for Evac as Cathelco customers include Evacās current marine and offshore customer groups, including ship owners, shipyards, fleet managers, rig owners and operators, oil companies, navies, and designers. The acquisition gives Evac the opportunity to further expand its cleantech solution portfolio to its customers with the addition of new systemsā¦
Netherlands to Ban Degassing on Inland Navigation Vessels
"The Minister of Infrastructure and Water Management, Van Nieuwenhuizen wants the degasification ban to be introduced in the Netherlands by mid-2020," said the statement.
GasLog Sets Charter Deal with Centrica, Orders New LNG Vessel
Monaco-based LNG shipper GasLog signed a seven-year charter deal with the UK-based energy company Centrica for a newbuild LNG carrier it has ordered at the Southā¦
Diana Containerships TC for m/v Rotterdam with Wan Hai Lines
Diana Containerships announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Wan Hai Lines (Singapore) Pte Ltd.
Nordic American Tankers Confirms Sale of Two Vessels
Nordic American Tankers Limited has confirmed the sale of two vessels, adjusting the fleet from 33 to 31 suezmaxes in the short term. The shipping company focusedā¦
IMO Fights Against Marine Litter
The damaging build-up of plastic litter in the oceans is increasingly recognised as a major threat to the global environment. Harrowing images of marine wildlife being trapped by plastic litterā¦
BAE Systems, Flinders University to Train Shipbuilding Workforce
A new agreement between BAE Systems Australia and Flinders University will see students and industry working together to develop new ways to provide Australiaāsā¦
EU Brexit Working Party Visits Antwerp Port
The EU working party responsible for advising the EU Brexit negotiators paid a visit to the port of Antwerp on Monday 28 May. The working party is made up of representatives of the 27 EU countriesā¦
Floating Pier Provides Flexibility for Donsö Harbor Project
SF Marina has built pontoons and floating breakwaters internationally for a range of bespoke marinas designed to suit local conditions worldwide, from a fishing station in the north of Iceland to the sunny but continually storm-hit Caribbean. The company has leveraged this experience for the Donsö Harbor Association in a project called Donsö Djuphamn ā the Donsö deep water harbor project.āThis project will benefit the fishing and commercial fleetsā¦
New Launch and Recovery System for USVs
The market for unmanned surface vehicles (USV) has exploded in recent years, leading to an increased availability and variation of systems for a wide range of operations.Having observed a lack of suitable launch and recovery options for these vehicles, U.S. based RC Dock has created a universal low-cost launch and recovery system (LARS) built especially for USVs.Many operators find that launching and recovering USVsā¦
Tanker Market Grappling with More Uncertainty
Tanker shipping: Added uncertainty is not helpful to the struggling tankersDemandJust when you thought it could not get any worse for the tanker shipping industry, the U.S. is reimposing sanctions on Iran coming into force after a six months wind-down period ending on November 4, 2018. The immediate effects are less tangible but sure to add more uncertainty to the whole shipping industry that has plenty of uncertainty to deal with already.At the same timeā¦
Sri Lanka Signs Deal for $50 Mln Offshore Seismic Study
Sri Lanka on Wednesday signed an agreement with a subsidiary of U.S.
Apply Now for the MN100
Each year the August edition of Marine News magazine, the leading voice in the North American workboat market, features the very best 100 leaders and innovators, including workboat owners and operators, builders, OEMs and repairers, and product and service providers.This year's MN100 edition application portal is live and open. Participation is free, but to be considered you must apply at http://mn100.maritimemagazine.com/.
Inchcape to Pay $20 Mln for Allegedly Overbilling US Navy
U.K. based marine services contractor Inchcape Shipping Services Holdings Limited and several of its subsidiaries have agreed to pay $20 million to resolve allegations that they violated the False Claims Act by knowingly overbilling the U.S. Navy under contracts for ship husbanding services, the U.S. Department of Justice announced.Inchcape provided goods and services, including food and other subsistence itemsā¦
Kouroumplis: Greece Continues to Pace the Global Shipping Sector
As the maritime market steers toward Athens, Greece and Posidonia 2018, Maritime Reporter & Engineering News interviews Panagiotis Kouroumplis, the Greek Minister of Maritime Affairs and Insular Policy. As the Minister of Shipping for the country with the largest merchant fleet and a millennia-old maritime tradition, Kouroumplis carries his responsibilities with pride and humility.Born in Aetoloakarnania in 1951ā¦
France's Macron Calls for Global Trade Reform
French President Emmanuel Macron on Wednesday said it was time for the world's biggest economic powers to start talks on reshaping World Trade Organization rules to prevent current tensions spiraling into trade wars.Macron's comments before the Paris-based Organization for Economic Cooperation and Development (OECD) came as the European Union faced less than 48 hours to win an exemption from U.S. tariffsā¦
Interview: Mark Knoy, President and CEO, ACBL
American Commercial Barge Line (ACBL) named Mark K. Knoy as its president and chief executive officer in August 2011. Prior to joining ACBL, he was vice president of American Electric Powerās (AEP) Fuel, Emissions and Logistics Group and president of AEP River Operations, having joined AEP with its 2001 purchase of MEMCO Barge Line. From 1984 to 1994, he was owner/operator of The Mark Twain Towing Company and Delmar Marine, Inc., Pekin, Illinois.
