Baltic Index Falls on Capesize Weakness
The Baltic Exchange's main sea freight index fell for the sixth straight session on Monday, pressured by a dip in capesize rates to the lowest in nearly eight months. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels that ferry dry bulk commodities, dipped 7 points or 0.61 percent to 1,136 points, its lowest since Feb. 20. The capesize index fell 32 points or 2.66 percent to 1,171 points, its lowest level since end-July.
New Fire Rescue Amphibious Craft for Shanghai
ASIS Boats just dispatched the last Fire Rescue Amphibious craft for the order placed by a Fire Department in Shanghai. Amongst the special specifications designed for their Amphibious crafts order were a wider tube with a diameter of 565 mm, an under-deck fuel and a Honda engine filled inside the console making it discrete and safer. A special drive-on trailer was also created especially for them.
Marlink Moves Warehouse Facility in Houston
Marlink has moved to larger premises in Houston, ensuring its ability to meet the growing needs of its Gulf of Mexico offshore industry and shipping customers. The new facility includes expanded office space to accommodate growth in sales and support functions at both Marlink and Telemar, in addition to a new warehouse facility to support even more responsive bridge and satcom equipment installation, and on board services.
Kentec On-Board Red Funnel Ferries
Kentec fire safety control panels have been chosen for the refurbishment of fire systems on the Red Funnel Ferry Group’s vehicle ferries that operate out of Southampton to the Isle of Wight. The refitting of the MV Red Osprey, following that of MV Red Falcon back in 2015, now leaves just the MV Red Eagle to be completed as part of Red Funnel Group’s multi-million pound refurbishment of its three vehicle ferries.
ClassNK Releases New Hull Structure Guidelines
Cassification society ClassNK has released its Guidelines for Direct Load Analysis and Strength Assessment of hull structure. These guidelines incorporate the load…
Tourist Boat Operator Fined for Passenger Injury
A New Zealand passenger vessel operator and its director have been fined more than $93,000 after a 60-year-old passenger suffered a broken back on the company’s high-speed tourist excursion boat near Cape Brett, New Zealand. In October 2014, Raewyn Russell was seated in the front row as a passenger on the high-speed tourist excursions vessel Mack Attack, a catamaran capable of speeds of up to 100 km/hr.
Exxon Mobil buys LNG to Chill Papua New Guinea Project
ExxonMobil Corp has bought a liquefied natural gas (LNG) cargo to keep its Papua New Guinea plant cold after a powerful earthquake triggered a production halt last month…
VIKING Expects Steady Growth
For the second consecutive year, revenue and earnings remained stagnant for 2017 at VIKING Life-Saving Equipment A/S. Signs of a slight improvement in the economy are encouraging…
Wärtsilä acquires Transas
Wärtsilä announced today that it has acquired Transas, an innovative, digital solutions provider headquartered in the UK. This acquisition is a recognition of Transas’…
Mitsui Delivers Bulker to Ostria Marine
Mitsui Engineering & Shipbuilding Co., Ltd. (MES) completed and delivered a 66,000 dwt type bulk carrier M.V. "CHRISTINA" (MES Hull No.1919) at its Tamano Works on 15th March…
3 Rescued Off Port of St. Lucie
The Coast Guard rescued three people aboard a disabled boat approximately 12 miles east of Port of St. Lucie, Sunday. At approximately, 5 a.m., the crew of the tug…
Hapag-Lloyd Cruises to name HANSEATIC inspiration
Hapag-Lloyd Cruises will hold the naming ceremony for its second expedition ship, the HANSEATIC inspiration on October 13, 2019 against the backdrop of the Belgian port city of Antwerp.
ADNOC Signs Major Offshore Concession Agreements with Total
The Abu Dhabi National Oil Company (ADNOC) has signed agreements with Total of France, awarding them stakes in two of Abu Dhabi’s new offshore concessions. Under the terms of the agreements…
Kuwait Oil Tanker Signs Financing Deal for 8 Tankers
Kuwait Oil Tanker Company (KOTC) said on Thursday it had signed a 140 million dinar ($467 million) financing deal with three local banks for eight oil tankers, state news agency KUNA reported.
McDermott and CB&I Conclude Merger
McDermott International and CB&I announced that the companies have received antitrust clearance in Russia for their proposed combination. With this clearance, McDermott…
Sweden: A Pioneering Nation in Green Shipping
Sweden is a role model for the global shipping community, and other countries have a great deal to learn from the work being done by the Swedish shipping industry to reduce emissions.
DP World Acquires Cosmos Agencia Maritima in Peru
Dubai-based DP World, , one of the world's largest port operators, said it had bought a logistics firm Cosmos Agencia Maritima (CAM) in Peru for $315.7 million…
USS Colorado Commissioned
Colorado is the first submarine to bear the name and third vessel to be named for the state and was brought to life by her sponsor, Annie Maybus Mabus, daughter…
Drydocks World Earns Dubai Chamber CSR Label
Drydocks World - a DP World company, the leading provider of maritime and offshore services to the shipping, oil, gas and energy sectors has received the Dubai Chamber…
DNV GL: The Drone Squad for Ship Surveys
With four drone types in its arsenal, DNV GL has adapted its survey technology to various ship structures. Recently DNV GL reached a new milestone with its first offshore drone survey.