S.Korea LNG Imports Set to Ease from Record
South Korean imports of liquefied natural gas are set to ease from record levels racked up in the first-half of the year, with appetite for the fuel from utilities seen fading as a raft of nuclear power stations come back online.The country's imports of the commodity jumped nearly 16 percent year-on-year to a record 22.7 million tonnes in the first six months of 2018, according to customs data in mid-July…
Sembcorp Marine Swings to Q2 Loss
Singaporean rig builder Sembcorp Marine Ltd swung into the red in the second quarter, and cautioned a trend of negative operating profit would continue in the near term as overall business volume remains low.It turned in a loss of S$55.6 million ($40.68 million) for the three months ended June, compared with a profit of S$5.1 million in the same period a year ago.Sembcorp Marine, majority owned by industrial conglomerate Sembcorp Industries Ltd…
Thirteen Dead as Missouri Storm Sinks 'Duck Boat'
At least 13 people including children drowned after a tourist "duck boat" sank during a storm on a lake in Missouri, and authorities were set to resume a search on Friday for other missing victims…
EU Must Speed Up Approvals of Asian Shipbeaking Yards
The European Union should step up its assessment of Asian shipbreaking yards to allow the effective implementation of the Hong Kong Convention, said Maritime Strategies…
Seadrill Gets ABS-Managed Pressure Drilling Notation
ABS has announced it has issued the managed pressure drilling notation ABS MPD to Seadrill for the ABS-classed West Capricorn, a 6th generation ultra-deep water…
DP World, China Signs Agreement to Boost International Trade
An agreement to jointly construct a new ‘Traders Market’ at DP World’s flagship Jebel Ali Port and Free Zone in Dubai on a total build up area of three million square…
Equinor Extends Prosafe Deal
Semi-submersible firm Prosafe said that it has been offered a month extension for the Safe Boreas charter contract at the Mariner project by operator Equinor."Equinor…
CMA CGM to Reshuffle its CIMEX 6 Service
CMA CGM announced the revamping of dedicated CIMEX 6 service linking Asia and the Middle East Gulf with Umm Qasr call replacing Bandar Abbas as from Shanghai ETA on August 6th…
MOL Hosts Tour of Cutting-edge Car Carrier on Marine Day
Mitsui O.S.K. Lines (MOL) has announced that on Marine Day, Monday, July 16, it hosted a tour of the cutting-edge car carrier Beluga Ace at Harumi Pier, in cooperation…
Massive Outreach by Inland Waterways Authority of India along Ganga
The Inland Waterways Authority of India (IWAI) has set out on a massive public outreach initiative along river Ganga on National Waterway-1 to help push rural economy…
Great Lakes Shipping Supports 237,000 Plus Jobs
The new study by the Department of Transportation Great Lakes - Saint Lawrence Seaway says that shipping supports more than 237,000 jobs and billions in economic…
India Rolls-out SOPs for Cruise and Ferry Services
The Government of India has formulated new guidelines in the form of Standard Operating Procedures (SOPs) to handle cruise vessels and cruise passengers in November…
IMO Supports Spill Preparedness in Northwest Pacific
International Maritime Organization (IMO) is supporting regional cooperation on oil and hazardous and noxious substances (HNS) spills in the Northwest Pacific region.IMO’s…
Heidmar Joins ClearLynx Bunker Community
Heidmar Bunkering Services (HBS) has chosen ClearLynx’s Bunker Procurement Platform to manage its bunker buying process, end to end. HBS plan to go live with ClearLynx…
#SNAME125
Great moments in naval architecture & marine engineeringThe world's first nuclear powered submarine, USS Nautilus (SSN-571), was commissioned by the U.S. Navy in September 1954. The first-of-its-kind submarine went on to set many records, including the first ever submerged transit of the North Pole. Today all U.S. Navy submarines are nuclear-powered.The October 2018 edition of Maritime Reporter & Engineering News…
Navico Hires Elgie to Lead Americas Sales
Navico, parent company to marine electronics brands Lowrance, Simrad, B&G and C-MAP, announced today that Jamie Elgie has been appointed to the position of senior vice president and chief operating office of the Americas.In his new role, Elgie will be responsible for all sales, marketing and operations activities for the Lowrance, Simrad, B&G and C-MAP brands throughout North, Central and South America.Elgie came to Navico from Wilson Electronics…
Wisconsin Shipyards Awarded Nearly $2 Mln in Grants
Wisconsin shipyards Bay Shipbuilding and Fraser Shipyards have been awarded nearly $2 million in 2018 Small Shipyard Grants from the U.S. Department of Transportation (DOT), U.S. Senator Tammy Baldwin today.The Small Shipyard Grant Program helps small shipyards, like Bay Shipbuilding in Sturgeon Bay and Fraser Shipyards in Superior, repair and modernize equipment, and train workers.“In Wisconsin, and across America, small shipyards are considered the lifeblood of the maritime economy.
New Rule Creates Flexibilities for NVOCC Agreements
A Final Rule published today by the U.S. Federal Maritime Commission (FMC) offering deregulatory flexibilities for non-vessel-operating common carrier (NVOCC) negotiated rate arrangements (NRAs) and NVOCC service arrangements (NSAs) will go into force on August 22, 2018.The key changes to NRAs allow them to be amended at any time; allow the inclusion of non-rate economic terms; and, allow an NVOCC to provide for shipper’s acceptance of the NRA by booking a shipment.
US-flag Great Lakes Cargo Shipping Steadies
U.S.-flag Great Lakes freighters (lakers) moved 9.7 million tons of cargo in June, a near mirror image of a year ago but 3.5 percent below the month’s five-year average, the Lake Carriers’ Association reported.Iron ore cargos for steel production totaled 4.6 million tons, a decrease of 6.9 percent, while coal loads totaled 1.4 million tons, a decrease of 13.7 percent.Offsetting those decreases was a 21 percent surge in limestone cargos.
Commercial Maritime's Great Migration to VSAT
Shipowners who want to get the value out of data, applications and smarter shipping have realized that VSAT is the new L-Band, says Malcolm McMasterAt Globecomm we spend as much time as possible talking to shipowners about their communications needs. It’s always a rewarding conversation because we hear about what they actually do with bandwidth, which gives us insight into what systems and solutions might suit them best.Over the last decade that would almost always mean L-Band satellite systems…
