Aerial Drones a Threat to Shipping?
Aerial drones have made major advances in endurance, range and payload capacity over recent years while prices have continually plummeted, leading to a proliferation of drones expected to reach 12 million by 2020.This trend, some believe, means aerial drones will pose an even greater threat to the safety and security of commercial shipping vessels.To help combat this emerging threat, U.K. based MartekâŠ
Baltic Index Rises
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Wednesday on firmer capesize demand, even as rates across other vessel segments remained unchanged.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels snapped four straight sessions of losses and was up 19 points, or 1.4 percent, at 1,346 points.* The capesize index rose 61 pointsâŠ
#BTC100 History
2016 brought about another milestone within Bouchard Transportation Co. with the appointment of Danielle Bouchard as Director of Communications. As the daughter of Morton S. Bouchard III, and the fifth generation to enter the family business, Danielle also holds the distinction of being the first female family member to hold an active role in the Company. Most importantly, BTC continues to expand its fleet with the christening of the ATB unit M/V Donna J. Bouchard and B.
Polarcus Scores Two Seismic Survey Projects
Marine geophysical company Polarcus Limited announced it has secured two offshore seismic survey projects.The company said it has entered into a contract for a two-month broadband 3D marine seismic acquisition project in Australia that will commence immediately.Polarcus also received a letter of award for an XArray 3D marine seismic acquisition project in Asia Pacific. The two-month project is slatedâŠ
Austal Acquires ElectraWatch
Shipbuilder Austal USA announced today it has acquired privately held ElectraWatch, Inc. in an all cash stock purchase. Headquartered in Charlottesville, Va., ElectraWatchâŠ
ABS Issues First MPD-rReady Notation
ABS announced it has awarded the worldâs first Managed Pressure Drilling (MPD) â Ready Notation to Ocean Rig for the ABS-classed Corcovado and Mykonos deep waterâŠ
Women Empowerment in Pacific Maritime
Women in maritime are a key contributor to the maritime transport sector. This was the message of Helen Buni from International Maritime Organization (IMO)'s genderâŠ
PierPass Members Add Common Business Rules
The members of the West Coast MTO Agreement (WCMTOA)âthe 12 marine terminal operators at the Ports of Los Angeles and Long Beachâhave agreed to add common businessâŠ
First Damen Fast Crew Supplier with Ampelmann Gangway
The partnership between Damen Shipyards Group and Ampelmann to extend the benefits of motion-compensated gangway systems to fast crew supply vessels has reached a major landmark.
Scorpio Tankers Ties-up for Debt Refinancing
Scorpio Tankers announced that, following from the announcement of new financing initiatives on April 25, 2018, the Company has received commitments from four leadingâŠ
Oil and Gas Industry Looks to Digitalization
New research from DNV GL, the technical advisor to the oil and gas industry, reveals that 46% of senior professionals in the sector believe there has been underinvestmentâŠ
Buckeye Partners JV Announces Marine Terminal in Texas
Buckeye Partners announced the formation of a joint venture with Phillips 66 Partners and Andeavor to develop a new deep-water, open access marine terminal in Ingleside, Texas.
MarTID: The Global Survey of Maritime Training Practices Debuts
The inaugural edition of the MarTID Maritime Training Insights Database (MarTID) Report sheds new light on maritime safety and training practices, what works, and what doesnât.
OSI to Deliver IBNS for the Royal Saudi Navy
OSI Maritime Systems (OSI) announced it has signed a contract with Lockheed Martin to provide its Integrated Bridge and Navigation System (IBNS) for the first fourâŠ
South Korea's April Exports Fall Unexpectedly
South Korean exports declined in April for the first time in 18 months, unable to keep up with 2017âs brisk pace as global demand softened, adding to worries about the countryâs trade outlook amid the risk of a deepening U.S-China trade conflict.Exports fell 1.5 percent to $50.1 billion from a year earlier, marking the first decline since October 2016 when shipments fell 3.2 percent, government data showed on Tuesday.
Maersk Tankers Confirms Order for Six Newbuilds
Maersk Tankers announced a move to renew its fleet with a confirmed order for six Chinese-built LR2 product tankers for delivery from 2020.Maersk Product Tankersâ board of directors approved the order for the six LR2 newbuilds on contract with Dalian Shipyard. The deal includes an option for four additional vessels.âThe current market makes the investment attractive because it offers competitive asset prices.
L.A.T.C Marine to Install Two Ampelmann Systems
Ampelmann has secured two contracts with vessel owner L.A.T.C Marine Limited, on behalf of ExxonMobil, for the supply of two L-type gangway systems, offshore Nigeria.
MISC awards BV contract for Veristar AIM3D
Bureau Veritas (BV) has been awarded a contract by MISC Berhad (MISC) to deploy and support the VeristarAIM3D âsoftware as a solutionâ system to provide asset integrityâŠ
LR to Class Indiaâs First FSRU
Lloydâs Register (LR) said it signed a contract to class the first ever floating storage regasification unit (FSRU) to be ordered for Indian waters.Due for delivery in December 2019, the new 180,000m³ FSRU will be built to LRâs Rules for the Classification of Offshore Units by South Korean shipbuilder Hyundai Heavy Industries (HHI) for SWAN LNG Pvt. Ltd. (SLPL). It will be stationed at Jafrabad port for 24h-hours-a-day operationsâŠ
Victaulic & SSI: Designing a Marriage Made in Heaven
Victaulicâs collaboration with SSIâs Autodesk ShipConstructor promises a streamlined design process, easier access to Victaulic piping specifications and proof positiveâŠ
