DryShips Acquires Two Vessels
DryShips, a diversified owner and operator of ocean going cargo vessels, announced that it has agreed to acquire one 2013-built Newcastlemax drybulk carrier and one 2017-built Suezmax tanker…
Klaipėda LNG Terminal Receives 50th LNG Cargo
LNG reloading operation is taking place at the liquefied natural gas (LNG) terminal operated by KN (AB Klaipėdos Nafta). The Klaipėda terminal, which has an operating…
Mattis Says US Will Continue Operations in South China Sea
U.S. Defense Secretary Jim Mattis said on Tuesday that the United States would continue to confront what Washington sees as China's militarization of islands in the South China Sea, despite drawing condemnation from Beijing for an operation in the region over the weekend.Reuters first reported that two U.S. Navy warships sailed near South China Sea islands claimed by China on Sunday, even as President Donald Trump seeks Chinese cooperation on North Korea.The operation…
BWT Market is Accelerating - Optimarin
Positive developments in the ballast water treatment (BWT) are reflected by a recent surge in new business orders and revenues, says BWT specialist Optimarin.The Norwegian headquartered firm, which has now sold close to 600 of its USCG-approved Optimarin Ballast Systems (OBS), says it has shattered its initial growth forecasts for the year to date, with both orders and income up by over 50 percent year-on-year.“2017 was our best ever year in business…
Brazil Denies Total License to Drill Amazon Basin
Brazilian environmental agency Ibama on Tuesday rejected French oil company Total SA's application for an environmental license to drill in the sensitive Foz do Amazonas basin.It is the fourth time th
Crowley Launches New Caribbean Shipping Service
Crowley Maritime Corp.’s liner services group announced today that it has launched a new feeder shipping service connecting San Juan, Puerto Rico; Rio Haina, Dominican Republic; and St. Croix and St. Thomas in the U.S. Virgin Islands (USVI).With the new service, vessels depart Rio Haina on Sundays and arrive in San Juan on Tuesdays. After departure on Thursdays, cargo arrives in St. Thomas and St. Croix on Fridays, before the vessel moves to the Dominican Republic again for Sunday operations.
BW LPG Offers to Buy Dorian LPG in $1.1 Bln Deal
The world's largest liquid petroleum gas (LPG) shipper, Norway's BW LPG, is offering to buy competitor Dorian LPG in a $1.1 billion all-stock deal in an effort to boost its earnings in a weak market, it said in a statement on Tuesday.Dorian shareholders will receive 2.05 BW LPG shares for each Dorian share, equal to $7.86 per share, a premium of 13 percent from Friday's closing price, and based on BW LPG's share price on May 28.New York-listed Dorian LPG's equity is valued at about $441 million
Eliminating The Risk From Docking & Mooring
Trelleborg’s marine systems operation has launched a new whitepaper and on-demand webinar outlining design and compliance requirements in docking and mooring equipment, and a new best practice approach to specification.The whitepaper, entitled The Quest for Quality, examines the relationship between cost and quality, explaining why low cost equipment could prove costly for port owners and operators in the long term.Hani William…
Morganti Joins Ecochlor
John Morganti has joined Ecochlor in the new position of Vice President of Sales and Marketing.Morganti will direct the sales and marketing team, manage major client accounts, develop short- and long-range objectives to reach sales quota goals and revenue expectations, and work with corporate management to create five- and 10-year business plans for the company.Morganti is an accomplished senior executive and entrepreneur with a 25 year plus background in Sales and Operations Management.
#BTC100 History
The third generation of the Bouchard family continues within the family business as Buster’s sons Morton S. Bouchard Jr. and Frederick E. Bouchard join the company as Dispatchers in 1955. It was also during this time that Bouchard Transportation Co. furthered the tugboat side of its business with the construction of the Evening Star. The July 2018 edition of Maritime Reporter & Engineering News will feature a special “Bouchard Transportation Co. Celebrates 100 Years” magazine.
Glomex Expands Internet Antenna with Pro Model
Glomex Marine Antennas USA has enhanced its Internet antenna with a professional model. Its weBBoat 4G PRO features commercial-grade construction and components, including an upgraded router and advanced software, and comes with a five-year warranty.The weBBoat 4G PRO receives 4G/3G and Wi-Fi signals up to 20 miles away, and amplifies and redistributes them throughout the vessel via a hotspot or Ethernet.
Zodiac Maritime Extends VSAT Deal
International ship management company Zodiac Maritime has extended its satellite communications agreement with Satcom Global, rolling out flagship VSAT service, Satcom Global Aura, across its globally trading fleet of tankers, bulk carriers and container ships. To date, 36 vessels are live on the Aura network enjoying reliable high-speed communications, and upwards of 80 will be installed on Zodiac…
Flex LNG Steers Away From Floating Units as Challenges Emerge
Flex LNG, a liquefied natural gas shipping company and part of the nautical empire of Norwegian billionaire John Fredriksen, has dropped its interest in operating floating regasification units due to project failures and low returns. Floating Storage Regasification Units (FSRUs) have been lauded by analysts as transformative for the LNG industry by opening up emerging markets to supplies as the vessels…
Hoyer Appoints Sørensen as CEO
Henrik Sørensen is new CEO of Hoyer and will be joining the company June 1, 2018. He comes from a long career at Wärtsilä, latest as Director for the pump division.Sørensen has a background as civil engineer combined with different management and leadership educations. His position as Hoyer CEO will include two separate business units, Hoyer Motors and Hoyer Transmissions.Søren Ø. Sørensen, Chairman of the board…
M/T Eco Palm Springs Delivered
Tanker vessel owner and operator TOP Ships Inc. announced that it took delivery of its 50 percent owned 49,703 dwt newbuilding product/chemical tanker M/T Eco Palm Springs on May 23, 2018. The vessel was constructed at the Hyundai Mipo Vinashin shipyard in South Korea.On May 26, M/T Eco Palm Springs commenced its three year time charter employment with Clearlake Shipping Pte Ltd.
Intermarine Enters Joint Venture with Zeaborn Group
Maritime Holdings Delaware, LLC, parent company of project, breakbulk and heavylift cargo carrier Intermarine, LLC has entered into a joint venture agreement with Zeaborn Group.The joint venture entity, ZeaMarine GmbH, will include the transfer of assets and operating entities from Zeaborn´s commercial activities as well as Zeaborn-owned Rickmers Line GmbH and Maritime Holdings-owned Intermarine, LLC.The…
New Tractor Tug Delivered to Svitzer
The first 70 metric ton bollard pull version of Robert Allan Ltd.’s TRAktor 2500-SX tractor tugs has been delivered to her Owner, Svitzer A/S of Denmark.The vessel was built by Sanmar Shipyards in Turkey, and christened Svitzer Vale. The vessel is the second TRAktor 2500-SX to be delivered and the first 70 metric ton configuration of this tug, designated by Sanmar as its Deliçay class.In order to allow for a high bollard pull in this length hull, the beam is relatively wide for the length.
Ugitech's Stainless Steel for Parts Subject to Heavy Wear and Tear
Hardness, corrosion resistance and impact strength are determinate factors in the lifecycle costs of wearing parts made of steel bar such as valve seats, bending guides and nozzles for abrasive liquids. The material's machinability, however, is just as relevant for quality and cost effectiveness. Ugitech now for the first time introduces to the market a stainless steel with outstanding values that meet all of these criteria.
Baltic Index Falls to Six-Week Low
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday to a six-week low as rates across vessel segments fell.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 20 points, or 1.9 percent, at 1,057 points, its lowest since April 17.* The capesize index lost 71 points, or 5.1 percent, to 1,324 points.
GONDAN Bags Stern Trawler Build Contract
Norwegian fishery and fish farm owner Prestfjord AS has chosen Asturian shipyard GONDAN for the construction of a complex and advanced stern trawler.GONDAN will build an advanced stern trawler for Prestfjord AS, for whom the shipyard had already delivered another technologically advanced freezing stern trawler, Sunderøy.This new vessel, designed by Rolls Royce Marine - in charge also of supplying the main equipment - will have a length of 77.3 m and a beam of 17 m.
