Arctech Helsinki Shipyard Looks for New Investor as Sanctions Bite
Russian state-owned United Shipbuilding Corporation (USC) is looking for a new owner for its Arctech Helsinki shipyard as sanctions against the holding company hamper business, the head of the shipyard said on Tuesday. The shipyard is the world’s biggest builder of vessels that can navigate ice-covered waters, and it has expected more orders as melting sea ice opens the Arctic to more shipping, mining and oil drilling.
Cruise Shipping: Eight Trends to Watch in 2018
As cruises and sailing experiences are booming as never, travelers are able to choose from a variety of sailing adventures that suit their goals and pocketbooks. Cruise lines come with up innovative ways of enticing sailing passengers every year. Dream a destination or favorite vacation activity, and it’s very likely you can get there via water. The following are the eight top sailing trends for 2018.
EURONAV Opts for SERTICA Fleet Management
After a rigorous selection process, tanker shipping company EURONAV has chosen the SERTICA Fleet Management System by Danish software and engineering company Logimatic. EURONAV, which operates some of the world’s largest tanker vessels, has chosen the entire SERTICA product suite onboard its 52 vessels for improved maintenance and vessel management. There are currently more than 32 customers worldwide and 964 active vessels running SERTICA Fleet Management system.
Concordia Eyes Growing Product Tanker Market
Swedish tanker shipping company Concordia Maritime said it has signed a contract to charter in another IMO2/3 class MR tanker while also extending an expiring charter of another MR tanker. The new charter contract will run for two years from the time the newbuild is delivered in January 2018, with multiple options to extend. The other MR tanker charter contract, which expired in November, will be extended for a minimum of one year.
Forties Pipeline Outage Benefits U.S. Exporters
The shutdown of Britain's largest crude oil pipeline is an early Christmas gift to U.S. exporters shipping to Asia, and a complication for Middle Eastern and African…
Fleet Of Babycapes Is Growing: Oldendorff
Oldendorff Carriers has recently increased the number of owned bulk carriers in it Babycape segment by acquiring four more eco 119,000 tonners from compatriot shipowner Hartmann Reederei.
FSL Trust Sells Vessel for USD 6.2mln to Reduce Debt
Singapore's First Ship Lease (FSL) Trust said that it has sold containership, FSL Santos for $6.2 million to reduce its debt service requirements for the fourth quarter.
Apeejay Shipping Adds New Vessel to its Fleet
Apeejay Shipping, an Apeejay Surrendra Group company, has announced the acquisition of a 76,602 MT DWT Gearless Panamax, Japanese build. The ship is renamed ‘APJ ANGAD 2’.
Eagle Bulk Completes $265 Mln Refinancing
Eagle Bulk Shipping, through its wholly-owned subsidiaries Eagle Bulk Shipco and Eagle Shipping LLC, has entered into a series of refinancing transactions, including…
MOL Presidential Awards 2017 Announced
Mitsui O.S.K. Lines (MOL) has announced that the company held the 2017 commendation ceremony for the "MOL Presidential Awards for Officers and Engineers 2017" on December 8.
Two Persons Missing After Sampan Capsized in Singapore
At about 1930 hours on 10 December 2017, the Maritime and Port Authority of Singapore (MPA) was informed by Johor’s Maritime Rescue Sub Centre that two men had been…
ReCAAP, India Coast Guard Conduct Workshop
The Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia (ReCAAP) Information Sharing Centre and the Indian Coast Guard have…
IMO Assembly Adopts Vision, Strategic Directions
The IMO Assembly met for its 30th session at International Maritime Organization (IMO) Headquarters in London, United Kingdom (27 November to 6 December). The Assembly…
Metal Shark's Next-Generation Damen Fast Crew Supplier
As an extension of its existing relationship with Netherlands-based Damen Shipyards, Louisiana-based shipbuilder Metal Shark has announced the availability of the new Damen FCS 7011 for the U.S.
ShipServ Launches Monitoring, Analytics Tool
ShipServ has launched of the ‘Supplier Performance Report’, the latest addition to its monitoring and analytics tools. The Supplier Performance Report provides shipowners and managers using ShipServ with a host of key data on the procurement performance of every supplier that they use, enabling them to analyze trends, and identify where improvements can be made, so that relationships with suppliers can be enhanced and fully optimized.
Keppel Secures $130 mln in Projects
Keppel Offshore & Marine (Keppel O&M) has, through its wholly-owned subsidiaries, Keppel FELS Brasil S.A. and Keppel Shipyard Ltd (Keppel Shipyard), secured projects from repeat customers…
Advanfort Issues Statement on Release of 'Seaman Guard Ohio' Crew
AdvanFort: the firm is delighted that an Indian appeals court has acquitted and released the 35 crew members and security personnel who were aboard the MV Seaman…
Finnish Research Vessel Undergoes Propulsion Refit
The 28-year-old research vessel Aranda is the first Finnish vessel to be modernized with a diesel-electric hybrid propulsion system. The 59.2 m long and 13.8 m wide ice-going vessel is to be fitted with a 3 MW generator. While the conventional shafting is being retained, an electrically powered SCHOTTEL Pump Jet (SPJ) of type SPJ 132 RD will be installed as a new auxiliary propulsion unit. It features an input power of 400 kW…
Sinking of the El Faro Subject of NTSB Meeting
The NTSB is scheduled to meet Dec. 12, 2017, to determine the probable cause of the Oct. 1, 2015, sinking of the U.S. flagged cargo ship El Faro. The 790-foot vessel set sail from Jacksonville…
South Korea Jails Former Hanjin Shipping Chairwoman
The former chairwoman Choi Eun-young (55) of the now-defunct Hanjin Shipping was jailed 18 months for insider trading, reports Yonhap. According to the report the…
