Ferus Smit Launches Arklow Cliff
Dutch shipbuilder Ferus Smit said it has launched M.V. Arklow Cliff, the fifth vessel in a series of 10 to be delivered to Irish ship owner Arklow Shipping. The vessel…
Landay Joins Gibbs & Cox Board of Directors
Naval architecture and marine engineering firm Gibbs & Cox, Inc. said that William E. "Bill" Landay III, President of W.E. LANDAY Consulting LLC, has been elected…
US Oil Drillers Cut Rigs for First Week since January
U.S. oil drillers cut rigs this week for the first time since January and the pace of additions slowed this quarter due to declines in crude prices despite an OPEC-led effort to cut production and end a multi-year supply glut. Analysts, however, noted the weekly decline in the rig count was likely just a brief pause in a drilling recovery expected to continue through at least 2019. Drillers cut two oil rigs in the week to June 30…
DryShips VLGC Commences Time Charter
DryShips Inc., an owner of ocean going cargo vessels, announced that on June 29, 2017, its first very large gas carrier (VLGC) commenced its time charter on a fixed…
Damen Completes Keppel Verolme Takeover
Damen Shiprepair & Conversion (DSC), a part of Damen Shipyards Group, said it has finalized its acquisition of the Keppel Verolme shipyard from Keppel Offshore & Marine. DSC’s acquisition of the yard follows an initial agreement made between the two parties in April of this year. From July 1, the Keppel Verolme shipyard, including its 250 staff members, will continue operations under the Damen flag.
ABS Wins Royal Canadian Navy Service Contract
Canadian Department of National Defense selects ABS for classification and certification services for its entire non-combatant fleet. ABS, a provider of classification and technical services to the marine and offshore industries, said it has been awarded the Non-Combatant Class Society (NCCS) contract by the Canadian Department of National Defense to provide classification and certification services for the Royal Canadian Navy’s non-combatant vessel fleet.
It All Flows Downstream
Oil spills, trash, debris, sediment, chemicals: how do we keep our waterways clean? If an oil spill happens on water, the Oil Pollution Act of 1990 (OPA90) has very clear rules on who is responsible for paying for cleanup costs. Most oil spills can be traced to the spiller – a pipeline owner, oil tanker, shipper, railroad or trucking company. “Pointing a finger” at the alleged party may be why this…
UN Resolution Targets Libyan Fuel Smugglers
The U.N. Security Council has extended sanctions on illegal oil exports from Libya to cover refined petroleum products as well, in a bid to stem rampant smuggling of subsidised fuel by sea.
SunRui BWTS Earns USCG Type Approval
The Chinese manufacturer SunRui and classification society DNV GL celebrated last week, as Sunrui became the fourth manufacturer of ballast water treatment systems (BWTS) to obtain type approval from the U.S. Coast Guard (USCG). Its BalClor system treats ballast water in three steps: Filtration, seawater electro-chlorination for disinfection and neutralization. The company is the first Asian manufacturer to be awarded the USCG type approval certificate for BWTS.
Final Days to Apply for the MN100
Is your firm a top workboat, brown water or inland enterprise? Apply now for Marine News' annual MN100 awards edition – and hurry! The last day to apply is July 3, just a few days away. Each year the August 2017 edition of Marine News magazine, the leading voice in the North American workboat market, features 100 leaders and innovators, including workboat owners and operators, builders and repairers, and product and service providers.
Rolls-Royce to Design, Equip HB Grandi's New Trawler
Rolls-Royce informs it has won a contract to design and equip a new Rolls-Royce NVC 375 WP stern trawler for Icelandic fishing company HB Grandi. The 82 meter vessel will process various filet products and has a freezing capacity of 100 metric tons/ 24 hours. It has an approximately 1,600 m3 cargo hold capacity with an additional approximately 700 m3 meal hold. The holds are constructed for palletized cargo. The trawler has a fuel-efficient Wave Piercing hull.
d’Amico's Entire Fleet is MRV Compliant
RINA Services has verified that the entire fleet of the d’Amico Group has met the Monitoring, Reporting and Verification of CO2 emissions Regulation (MRV) requirements according to EU 2015/757 Regulation. The fleet comprises 36 vessels which are managed by d’Amico Società di Navigazione and 35 vessels managed by its subsidiary Ishima Pte. Ltd. This new regulation was developed in response to the challenge of reducing greenhouse gases in European territories to the 2050 targets set by EU.
Eastern Delivers Fourth Towboat to IWL River
Eastern Shipbuilding Group, Inc. said it has delivered the last of four newly built inland river towboats to IWL River, Inc., one of the builder’s newest clients. The four new towboats – Impala Soledad, Impala Salgar, Impala Mompox and Impala Cantagallo – will service the inland waterways of Latin America for Impala Terminals. Impala owns and operates a network of terminals that facilitate global trade flows…
Lower Rates for Large Vessels Weighs on Baltic Index
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, slipped for the second straight session on Friday on weak rates for larger vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, fell 19 points, or 2.07 percent, to 901 points. The capesize index was down 60 points, or 5.24 percent, at 1,086 points.
LNG Price Row between GAIL, Cheniere Looms
India's biggest importer of U.S. liquefied natural gas (LNG) is trying to re-negotiate prices with the U.S. seller, sources said, undermining plans by U.S. President…
Japan Investigators Unlikely to be Granted Access to Fitzgerald Crew
The United States will likely bar Japanese investigators from interviewing USS Fitzgerald crew manning the guided missile destroyer when it was struck by a cargo…
Asia Demand for U.S., Atlantic Basin Crude Oil Jumps
Japan refiners book US crude cargoes for Sept delivery. Asian demand for crude oil from the Atlantic Basin and the Americas is set to rise as low prices drive Japanese…
Maersk: Most Ports at Normal Ops After Cyber Attack
Maersk Line sees "great progress" in the restoration of its infrastructure after it was hit by a cyber attack this week, it said in an update to customers on Friday.
Asia Tankers-VLCC Rates Flat as Old and New Ships Compete
MidEast-Asia rates likely to remain flat until August; paper derivative trades show no uptick until October. Freight rates for very large crude carriers (VLCCs) are likely to remain flat next week…
International Seaways Acquires Two Suezmax Tankers
International Seaways announced it has entered into an agreement to acquire two Suezmax tanker newbuildings constructed at Hyundai Samho Heavy Industries shipyard.