LNG Ferry Megastar Nears Completion
The construction of Tallink’s new LNG-powered fast ferry Megastar is nearing completion at the Meyer Turku shipyard, where the vessel is receiving finishing touches before transporting its first passengers January 29, 2017. The €230 million ferry is powered by three 12-cylinder Wärtsilä 12V50DF and two six-cylinder Wärtsilä 6L50DF four-stroke dual-fuel gensets. Megastar will run primarily on LNG, though it is also able to run on marine diesel.
Algerian Troubles Impact LNG Liftings for France
French gas grid operator GRTgaz said a force majeure in Algeria and tensions in the global gas market were reducing deliveries of liquefied natural gas (LNG) to southern France…
PDVSA Operations Impacted by Crude Spill
Shipping operations at one of three docks of Venezuela's main crude exporting port were halted after an oil spill occurred while loading a vessel bound for India…
MoU Centered on Australian Future Submarines
Flinders University and four of France’s leading Graduate Schools of Engineering have entered into an academic and research cooperation agreement relating to Australia’s Future Submarine Program. The agreement between Flinders and a consortium comprised of ENSTA ParisTech, École Centrale de Nantes, CentraleSupélec and École Polytechnique will be signed at a ceremony to be witnessed by South Australia’s Minister for Higher Education and Skills…
Oil Steady; Record High Russian Output Forecast Offsets Weak Dollar
Oil prices were little changed on Tuesday as forecasts for record production out of Russia in 2017 helped offset earlier gains related to a decline in the U.S. dollar…
HMS Global Maritime Appoints Jaenichen as Chief Operating Officer
HMS Global Maritime, owner and operator of the American Queen Steamboat Company as well as 85 other U.S. flagged vessels, welcomes former Maritime Administrator Paul “Chip” Jaenichen, Sr. of the U.S. Department of Transportation as the new Chief Operating Officer (COO). After a decorated career with the U.S. Navy and the Maritime Administration (MARAD), Jaenichen joined HMS Global Maritime on January 12, 2017.
Navios Partners Sheds 13,100 TEU Boxship
Navios Maritime Partners L.P. announced the completion of the previously announced sale of the MSC Cristina, a 2011 South Korean-built Container vessel of 13,100 TEU.
OSM & Forland Shipping Extend Cooperation
OSM has announced that Norwegian operator of offshore construction vessels (OCV), Forland Shipping of Bergen, has awarded the company full technical management of their two OCV’s, Fugro Saltire and Lewek Inspector. OSM already provides the crew to the vessels. Says Forland Shipping’s managing director, Bjørn Kristian Jæger: “Being a small shipping company operating in a very challenging market, we have to minimalize our operational cost…
Pertamina Looks to U.S. for LPG
Indonesia expected to import 70 pct of LPG in 2017. Country seen shipping in around 5 mln T of LPG this year. Indonesian state energy company Pertamina expects to…
Standard Chartered Closes $1.6 bln+ in Shipping Finance
Standard Chartered said on Tuesday it had completed three shipping deals worth more than $1.6 billion in recent months. The deals include in December a $684.5 million…
2017 Med Migrant Deaths Up Sharply
At least 219 migrants and refugees are believed to have drowned in the Mediterranean already this year, more than double than during the same period a year ago,…
U.S. Coast Guard, Industry Respond to GoM Ro/Ro Fire
The Coast Guard and good Samaritans are responding to the report of a vessel on fire approximately 150 miles south of Southwest Pass, Louisiana, Monday. Watchstanders…
IMO Exhibition on Safe Sea Oil Transport
The 50 years since the grounding of the tanker Torrey Canyon in 1967 have seen dramatic and sustained reduction in major oil spills from ships, thanks to cooperation between Governments and industry.
Subsea 7 offer for Seaway Heavy Lifting
Subsea 7 S.A. announced that one of its wholly owned subsidiaries has made an offer to acquire the 50% shareholding in Seaway Heavy Lifting Holding Limited currently…
European Shipping Week Speaker Announced
Anthony Luzzatto Gardner, former US Ambassador to the European Union and Visiting Fellow at the College of Europe, will be the guest speaker at the European Shipping Week Gala Dinner…
Seaway Records Longest Navigation Season
After opening the 2016 season on March 21, the St. Lawrence Seaway closed on December 31, enjoying a navigation season of 286 days. This performance ties the record…
Peter Döhle, MacGregor Sign 70-ship Service Deal
MacGregor has signed a three-year MacGregor Onboard Care (MOC) service agreement with the German shipping company, Peter Döhle Schiffahrts Group, for an annual inspection of deck machinery…
Hull Biofouling Environmentally More Damaging than Ballasting
The entry into force of the Ballast Water Convention this September will not prevent the transfer of invasive aquatic species (IAS) unless there is mandatory legislation…
Hapag-Lloyd Rolls out Euro Bond Offering
Global container shipping company Hapag-Lloyd has launched a euro bond offering with a volume of EURO 150mln ($159mln) and a maturity of five years. Part of the proceeds…
CMA CGM Opens Navigation Hub in Singapore
CMA CGM Group, a leading worldwide shipping group, announced the opening of its Navigation and Port Operations Center in APL’s corporate headquarters in Singapore.
