London P&I clubs Widen Middle East Threat Zone
London's marine insurance market has extended the list of waters deemed high risk to include Oman, the United Arab Emirates and the Gulf after ship attacks off Fujairah, officials said on Friday, in a move that could push up premiums.The London insurance market's Joint War Committee said in a statement that the additions cover areas of perceived enhanced risk for marine insurers and reflected enhanced regional risk."The situation will be kept under close review…
Marine Monitoring System Powered by Innovation
Innovation is driving advanced monitoring and control technologies for environmental and safety compliance in the marine sector, says Gérard Baldellou, marine business unit manager at CMR Group.The marine diesel power sector continues to face significant challenges, particularly in areas where emissions resulting from combustion inside engines, along with fuel consumption levels need reducing. Escalating operating costs…
Petropoulos New Baltic Exchange Chair
Denis Petropoulos has been elected Chairman of the Baltic Exchange Council with effect from June 1, 2019. He replaces Duncan Dunn who has held the position since January 2018. Denis Petropoulos was a founding partner of Braemar Tankers Ltd and remains a significant shareholder at Braemar Shipping Services PLC. He most recently headed up Braemar's Singapore office for seven years, before returning to…
Steel Cut on De Beers Diamond Ship
Damen Shipyards Group and De Beers Marine Namibia (Pty) held a steel cutting ceremony to mark the beginning of construction on a new offshore crawler diamond recovery vessel for offshore operations in Namibia.At 177 meters (577 feet) long, the new vessel will be slightly larger than the current largest vessel in the De Beers Marine Namibia fleet, Mafuta (174 meters, 571 feet). Built from a Marin Teknikk design…
New Kotug Smit Tug Named Buffalo
On May 15, 2019, the naming ceremony of the new Damen-built tug ‘Buffalo’ took place in the Port of Southampton, UK.Kotug Smit Towage has taken four newly-built Damen tugs into service for its European harbor towage activities, in 2017 and 2018. The latest of this quartet, the ‘Buffalo’ is currently operating in the Port of Southampton.The ‘Buffalo’ is an ATD Tug 2412 Twin Fin. With her 72-tonne bollard pull, the tug combines compactness with maneuverability.
Wight, Chartwell Debut Hybrid Patrol Vessel
Wight Shipyard Co. (WSC) debuts a hybrid patrol vessel designed to reduce both fuel costs and engine maintenance.“This ground-breaking project aims to set new standards in high speed, fuel economy and light weight vessels in the sector. Building greener vessels has been an integral focus for some time now so moving into hybrid options is the obvious next step forward,” said Peter Morton, CEO, WSC.The WSC vessel has been designed by naval architect Chartwell Marine…
PISR touts its Detention 'Clean Sheet'
Palau International Ship Registry (PISR) reports it has recorded a zero percentage detention record with the United States Coast Guard (USCG) in the latest figures issued for 2016-2018 Port State Control examinations.The USCG targets flags for additional Port State Control examinations if their detention ratio scores are higher than the three-year rolling average detention record. In the latest figures…
London Marine Insurers Widen Middle East Threat Zone After Ship Attacks
London's marine insurance market has extended the list of waters deemed as high risk to include Oman, the United Arab Emirates and the Gulf after ship attacks off Fujairah…
Energy Storage Life Cycle Cost Study
Diesel electric propulsion is a concept that uses an electrical power generation plant to deliver power to the propulsion unit. Case studies show reductions in fuel and maintenance costs with such systems. Those improvements can be further enhanced by the addition of an energy storage system to the vessel.This case study provides a cost benefit analysis of an energy storage system for a vessel owner using a real-world operational profile and case study.
Naval Group Might Look at Thyssen's Marine Unit
France's Naval Group would consider buying Thyssenkrupp's marine division if the German steel-to-submarines conglomerate were to offer the unit for sale, a German…
EnscoRowan Wins Arbitration Against SHI
Offshore drilling services provider EnscoRowan announced that an arbitration tribunal has awarded it $180 million in damages in its proceedings against South Korean…
LR Gets Italian RO Status
The maritime classification society Lloyd’s Register (LR) has been awarded recognized organization status by the Italian flag administration and is now authorized…
DNO Completes $400mln Bond Placement
The Norwegian oil and gas operator focused on the Middle East and the North Sea, DNO ASA said it has completed the private placement of USD 400 million of new, five…
Maersk in Sale, Leaseback Pact with ICBC
Danish tanker shipping company Maersk Product Tankers has just entered a sale-and-leaseback agreement for four medium range (MR) vessels with the Chinese bank, Industrial…
Maersk Adds APM in Logistics Division
A.P. Moller - Maersk said it will integrate APM Terminals' Inland Services division into Maersk's Logistics and Services division beginning August, providing customers…
EC Launches Blue Economy Report
European Commission launches the second edition of its Blue Economy Report during the 2019 European Maritime Day conference in Lisbon.Commissioner for Environment…
PSA, SATS Mull Multimodal Transport Hub in Singapore
Port and terminal operator PSA International and ground handler and in-flight caterer SATS have signed a Memorandum of Understanding (MoU) to collaborate in seamlessly…
Tanker Rates Firming Up: Frontline
The middle of the first quarter in 2019 saw tanker rates firming significantly, driven mainly by an increase in US exports, said Frontline Ltd. is the world's largest…
Simec Inks Technology Partnership with GE
Simec Atlantis Energy is set to team up with General Electric (GE) to develop the world's largest tidal stream turbine.According to a press release from Simec, its…
20 May is the European Maritime Day
The Maritime Day was established in 2008 by the European Council, the European Parliament and the European Commission as part of the European Union (EU) Maritime…
