Flex LNG Steers Away From Floating Units as Challenges Emerge
Flex LNG, a liquefied natural gas shipping company and part of the nautical empire of Norwegian billionaire John Fredriksen, has dropped its interest in operating floating regasification units due to project failures and low returns. Floating Storage Regasification Units (FSRUs) have been lauded by analysts as transformative for the LNG industry by opening up emerging markets to supplies as the vesselsā¦
Hoyer Appoints Sørensen as CEO
Henrik Sørensen is new CEO of Hoyer and will be joining the company June 1, 2018. He comes from a long career at Wärtsilä, latest as Director for the pump division.Sørensen has a background as civil engineer combined with different management and leadership educations. His position as Hoyer CEO will include two separate business units, Hoyer Motors and Hoyer Transmissions.Søren Ø. Sørensen, Chairman of the boardā¦
M/T Eco Palm Springs Delivered
Tanker vessel owner and operator TOP Ships Inc. announced that it took delivery of its 50 percent owned 49,703 dwt newbuilding product/chemical tanker M/T Eco Palm Springs on May 23, 2018. The vessel was constructed at the Hyundai Mipo Vinashin shipyard in South Korea.On May 26, M/T Eco Palm Springs commenced its three year time charter employment with Clearlake Shipping Pte Ltd.
Intermarine Enters Joint Venture with Zeaborn Group
Maritime Holdings Delaware, LLC, parent company of project, breakbulk and heavylift cargo carrier Intermarine, LLC has entered into a joint venture agreement with Zeaborn Group.The joint venture entity, ZeaMarine GmbH, will include the transfer of assets and operating entities from Zeaborn´s commercial activities as well as Zeaborn-owned Rickmers Line GmbH and Maritime Holdings-owned Intermarine, LLC.Theā¦
New Tractor Tug Delivered to Svitzer
The first 70 metric ton bollard pull version of Robert Allan Ltd.ās TRAktor 2500-SX tractor tugs has been delivered to her Owner, Svitzer A/S of Denmark.The vessel was built by Sanmar Shipyards in Turkey, and christened Svitzer Vale. The vessel is the second TRAktor 2500-SX to be delivered and the first 70 metric ton configuration of this tug, designated by Sanmar as its Deliçay class.In order to allow for a high bollard pull in this length hull, the beam is relatively wide for the length.
Ugitech's Stainless Steel for Parts Subject to Heavy Wear and Tear
Hardness, corrosion resistance and impact strength are determinate factors in the lifecycle costs of wearing parts made of steel bar such as valve seats, bending guides and nozzles for abrasive liquids. The material's machinability, however, is just as relevant for quality and cost effectiveness. Ugitech now for the first time introduces to the market a stainless steel with outstanding values that meet all of these criteria.
Baltic Index Falls to Six-Week Low
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday to a six-week low as rates across vessel segments fell.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 20 points, or 1.9 percent, at 1,057 points, its lowest since April 17.* The capesize index lost 71 points, or 5.1 percent, to 1,324 points.
GONDAN Bags Stern Trawler Build Contract
Norwegian fishery and fish farm owner Prestfjord AS has chosen Asturian shipyard GONDAN for the construction of a complex and advanced stern trawler.GONDAN will build an advanced stern trawler for Prestfjord AS, for whom the shipyard had already delivered another technologically advanced freezing stern trawler, Sunderøy.This new vessel, designed by Rolls Royce Marine - in charge also of supplying the main equipment - will have a length of 77.3 m and a beam of 17 m.
Maersk Taps ABS to Help Improve Cargo Safety
Ocean carrier Maersk Line has selected classification society ABS to help identify and evaluate potential hazards posed from dangerous cargoes stowage on containerships.In order to better understand key risks associated with cargo, ABS lead a workshop that assembled industry stakeholders to conduct a Hazard Identification (HAZID) study to identify hazards associated with dangerous goods stowage on a range of containership designsā¦
Japan Detects Apparent Chinese Ship Breaking N.Korea Sanctions
Japan on Tuesday said it had detected what appeared to be a Chinese-flagged vessel, 350 km (218 miles) off Shanghai, conducting illegal transfers to a North Korean ship.
SSY Atlantic Capesize Index fell by 805 points
Shipbrokers Simpson, Spence and Young's Atlantic Capesize Index fell by 805 points in the week ending Monday to 6,475. "The SSY Atlantic Capesize Index fell by a further 805 points last week to 6ā¦
Second Delivery of Cranes Arrives in APM Terminals Moin
With this latest delivery of cranes, the APM Terminals Moin remains on schedule for completion in February 2019, when it is expected to raise commerce in Costa Ricaā¦
Amsterdam Becomes Destination for Superyachts
HISWA Holland Yachting Group and Port of Amsterdam are making real their ambition to establish Amsterdam more firmly as a major destination for superyachts. Theā¦
Hamburg Port Equips for Future
In the last business year, the high quality services provided by the Port of Hamburgās operators has lead to a stable handling result comparable with the previous year.
Rosneft and GNPC Arrange LNG Supply to Ghana
Rosneft and the Ghana National Petroleum Corporation (GNPC) signed the package of documents assuming the delivery to the port of Tema (Ghana) over 12 years of theā¦
Diana Containerships Continues TC for m/v Pucon With OOCL
Diana Containerships announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Orient Overseas Container Line Ltd.ā¦
Total Launches Zinia 2 Development in Deep Offshore Block, Angola
Total and its partners have taken the final investment decision to launch the Zinia 2 deep offshore development in Block 17, 150 kilometers offshore Angola. Theā¦
Wärtsilä Intermodal Pact with VR Group
The technology group Wärtsilä and VR Group, a national railway operator owned by the Finnish State, deepen their partnership as Wärtsilä begins to recondition the engines of diesel locomotives.
Panama Canal Nominated as Finalist for Lloydās Listās Environment Award
Panama Canal was honored as a nominee for the 2018 Lloyd's List Americas Awards' Environment Award in recognition of its pioneering Green Connection Environmentalā¦
Offshore Energy: Semco to Prep Rig Floatel Victory for Action
Semco Maritime has won the contract to upgrade the Floatel Victory accommodation rig. Following the upgrade, the rig will sail out to undertake a contract in the British sector of the North Sea for Maersk Oil UK. Floatel Victory, owned by Floatel International, is expected to call at the Semco Maritime rig yard at Hanøytangen, Bergen, at the beginning of June after expiry of current contract with BP. āWe are pleased that Floatel International has chosen us for the assignment.
