Cosco Shipping Gets US 'Go-Ahead' for OOCL Deal
Chinaās Cosco Shipping Holdings Co received the clearance of a U.S. national-security review body, removing a major overhang of the USD 6.3 billion deal of takingā¦
Aegean Brings in Mercuria Energy
Listed bunker company Aegean Marine Petroleum has entered a memorandum of understanding with Mercuria Energy Group for a billion dollar refinancing and strategic partnershipā¦
MISC Bags USD 441mln 16-year Charter Contract from Hess
Malayasia-based MISC Berhad has secured a long-term charter contract from Hess Exploration and Production Malaysia for the lease of a floating, storage and offloadingā¦
IBIA Promotes Sensible Approach to Sulphur Testing
International Bunker Industry Association (IBIA) is continuing its efforts for IMO to adopt guidelines ahead of 2020 that will promote a uniform approach to fuelā¦
Aker BP Hires Prosafe Vessel
Prosafe has signed a contract with Aker BP ASA for the Safe Scandinavia to provide accommodation support at the Ula platform in the Norwegian sector of the North Sea.
"Vladimir Rusanov" Completes First Eastern Transit
Mitsui O.S.K. Lines (MOL) announced that the Ice-Breaking LNG Carrier "Vladimir Rusanov", which is jointly owned by MOL and China COSCO Shipping Corporation, hasā¦
Star Bulk Carriers Completes Acquisition of 15 Dry Bulkers from Songa Bulk
Global shipping company Star Bulk Carriers, announced that it has closed the previously announced acquisition of fifteen operating dry bulk vessels from Songaā¦
ASEAN Members Strengthen Oil Spill Preparedness
Oil spill contingency planning is in the spotlight at an IMO regional workshop in Pulau Indah, Malaysia (2-6 July). The workshop is helping countries (ASEAN Member States: Cambodiaā¦
THE Alliance Updates Asia-North America West Coast Service
Members of THE Alliance, Hapag-Lloyd, Ocean Network Express, and Yang Ming have announced a services update regarding their Trans Pacific - West Coast products inā¦
Monitoring and Enforcement of Ballast Water Convention
Identifying organisms and microbes in ballast water, as well as monitoring port marine life where ballast water may be released, are key for countries preparingā¦
Total Acquires Direct Energie
Total and Direct Energie announce the completion of the acquisition today by Total of 73.04% of the share capital of Direct Energie, for 42 euros per share, representingā¦
IMOās Maritime Security Work Presented at Nigeria Law Conference
International Maritime Organization (IMO)'s mandate on piracy and armed robbery against ships broader maritime security measures has been presented at the Internationalā¦
Cavotec Tech for China's Cruise Sector
As Chinese ports, shipping lines and authorities strive to reduce emissions from shipping, Cavotec's shore power technologies are helping achieve this goal.Cavotec engineers recently commissioned a self-propelled, battery-powered shore power solution, Cavortec AMPMobile, at the Taiiwan cruise terminal at the Chinese Port of Shenzhen. The unitās batteries are charged while it connects vessels to the grid.
Sinovel Fined for AMSC Trade Secret Theft
A U.S. judge ordered Sinovel Wind Group Co Ltd, a Chinese wind turbine maker, to pay a $1.5 million fine after the company was convicted and charged for stealing trade secrets from Massachusetts-based AMSC. U.S. District Judge James Peterson in Madison, Wisconsin, also sentenced Sinovel to one year of probation, during which it must pay the unpaid balance of a $57.5 million settlement it reached with AMSC. The U.S.
U.S.-China Trade Battle Heats Up
Dueling tariffs raise fears of long A U.S.-China trade fight resulting in duties on $34 billion worth of each other's imports was seen dragging on for a potentially prolonged period, as Washington and Beijing flexed their muscles with no sign of negotiations to ease tensions.Friday marked the start of the U.S. duties that were promptly met with retribution by China, as Beijing accused the United Statesā¦
Subsea Robotics for Renewables
As the global fleet of offshore renewables fleet increases, ways to reduce the cost and increase the efficiency and safety of operations and maintenance work, using robotics and autonomous systems, will also grow. Elaine Maslin reports.Robotics and autonomous systems are moving into many areas of modern day life. Itās becoming harder to avoid them, from our phones to automotive systems and now offshore energy renewable projects.Both are seen as tools to do otherwise dullā¦
NSRP RA 19-01 Solicitation Issued
The National Shipbuilding Research Program issued Research Announcement 19-01 (RA 19-01) to solicit proposals for research, development and implementation of best practices in the U.S. Shipbuilding and repair enterprise. The Proposal Preparation Kit (PPK), which contains formatting guidelines, contracting requirements, proposal selection process and detailed submission instructions, has been updated to correspond with the RA 19-01 solicitation.
With $23.5B in Waste, Maritime is 'Trending Digital'
Timely with the announcement today that Kongsberg is buying Rolls-Royce Commercial Marine, the July 2018 edition of Maritime Reporter & Engineering News, out shortly, covers in depth the digitization technologies sweeping maritime, as written by MR's Finnish correspondent Henrik Segercrantz. Earlier this year Segercrantz, based in Helsinki, met with a number of leaders in the push toward digitizationā¦
Larson Electronics: New Emergency LED Light
Larson Electronics LLC announced the release of a new hazardous area LED light. The product is specifically designed for wet and corrosive marine environments. This LED, approved by United States Coast Guard , features amber, red, green and blue color options and is ideal for oil rigs, ships, chemical storage centers and offshore applications. The HALP-EMG-48-2L-LED-SS hazardous area emergency LED light fixture from Larson Electronics is a 56 wattā¦
Port of Beaumont Purchases Former CB&I Property
On July 3, 2018, the Port of Beaumont formalized the purchase of the former Chicago Bridge & Iron fabrication facility located at 850 Pine Street, Beaumont, Texas for $8.25 million. To facilitate the growth of the property, the Port of Beaumont has entered into a public-private partnership with Allegiant Industrial Island Park, LLC. Initial plans for the property, to be named Port of Beaumont Allegiant Island Parkā¦
