MHI Receives First Order through MI LNG
Mitsubishi Heavy Industries, Ltd. (MHI) has received an order for an LNG (liquefied natural gas) carrier for Nippon Yusen Kabushiki Kaisha (NYK Line) through MI LNG Co., Ltd., a joint venture established with Imabari Shipbuilding Co., Ltd. in April 2013. The order - the first received via MI LNG - is the eighth to date for the Sayaendo, a next-generation LNG carrier offering superior fuel efficiency developed independently by MHI. Completion and delivery of the ship are scheduled for 2017.
Thrustmaster to Ink Deal with Dutch Barge Company at OTC
Thrustmaster of Texas, a manufacturer of commercial marine propulsion and thrusters based out of Houston, said it will sign a contract with the Dutch Barge Company during the Offshore Technology Conference (OTC) Thursday at 10:30 a.m. The deal, to be reached at OTC, will conclude with a press conference hosted by Thrustmaster's president Joe Bekker in the Reliant center press conference room. Thrustmaster…
OW Bunker Begins US West Coast Operations
OW Bunker has confirmed that its newly established physical distribution operation in Los Angeles and Long Beach, California, is now fully operational. The company’s first physical delivery was made to the containership CMA CGM Norma from the double-hulled barge Lily Blair earlier this month. Since then, OW Bunker has completed more deliveries as part of its service that covers the ports of Los Angeles and Long Beach and offers a full range of quality products…
Finland, Meyer Werft May Join to Buy Shipyard from STX
The Finnish government said it had teamed up with German shipbuilder Meyer Werft to consider buying a troubled local shipyard from South Korea's STX Offshore & Shipbuilding. The government in 2012 faced heavy criticism for not providing a loan to the Turku shipyard in southern Finland, which contributed to its loss of a 1 billion euro ($1.4 billion) order for cruise ships along with hundreds of potential jobs.
Höegh, Wallem Sign Ship Management Deal
Höegh Autoliners signed a nine vessel ship management deal with Wallem Ship Management yesterday at the Höegh headquarters in Oslo, Norway. The ship management agreement cements a deal between the companies, with Wallem delivering technical and crew management to nine PCTCs from its Singapore base. Wallem broadened its ship management business to Singapore in 2013, complementing the company’s existing ship agency services in the city state…
Navios Sells VLCC, Charters out Tanker Newbuild
Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced that the Nave Jupiter, a new building MR2 product tanker of 49,999 dwt…
Grieving South Korea Seeks Arrest of Ferry Owners
South Korean prosecutors are seeking the arrest of members of the family that owns the operator of a ferry that sank last month killing hundreds of school children…
HII Reports Q1 Earnings Jump
Huntington Ingalls Industries (HII) reported first quarter 2014 revenues of $1.59 billion, up 2 percent compared to the same period last year. First quarter diluted earnings per share was $1.81, compared to diluted earnings per share of $0.87 in the same period of 2013. Adjusted diluted earnings per share for the quarter was $1.53, compared to $1.17 in the comparable period of 2013. Segment operating income for the first quarter was $137 million…
China Blames Vietnam for Collisions, Calls for Talks
China says Vietnam intentionally collided with its ships in disputed waters. Official says no reason to suspend oil rig operations, demands Vietnam withdraw. The…
Petrobas Board Member Complains of Inept Management
The uproar in Brazil over state-run oil company Petroleo Brasileiro SA's purchase of a refinery in Pasadena, Texas, is just "a drop in the ocean" of problems afflicting the company…
GDF Suez Consortium Wins French Offshore Wind Tender
The French government has awarded a 4 billion euro ($5.57 billion) tender to build and run two offshore windfarms to a consortium led by French gas and power group GDF Suez…
Norway's Offshore Energy Boom Tailing Off
Norway's energy boom is tailing off years ahead of expectations, exposing an economy unprepared for life after oil and threatening the long-term viability of the world's most generous welfare model.
Wilhelmsen Maritime In FSN Private Equity Joint Venture
Wilhelmsen Maritime Services (WMS) says it has signed a letter of intent with the Nordic private equity fund FSN Capital to establish a joint venture within engineered solutions…
Bering Sea Early Sea Ice Break-Up 2014
The National Snow & Ice Data Center informs that since reaching its annual maximum extent on March 21, Arctic sea ice extent has declined somewhat unevenly, but…
AMSA to Cut Domestic Vessel Safety Red Tape
The Australian Maritime Safety Authority’s (AMSA) says its Domestic Vessel Division is to begin a thorough consultation process with domestic vessel operators, starting…
Corvus Energy Gets Green Marine Capital Backing
Lithium-ion battery systems manufacturer, Corvus Energy, says agreement in principle has been reached with BW Ventures’ Green Marine Capital (GMC), a Maritime Technology Investment Partnership…
Miami Seaport Alliance Joined by Senator
The Miami Seaport Alliance, a group of concerned citizens, community leaders, and port stakeholders who have banded together to oppose a Major League Soccer stadium at PortMiami…
Inmarsat Brings 'Fleet One' Broadband to Small Vessels
Maritime satellite communications provider Inmarsat says it now connects leisure and fishing vessels with a specially designed broadband service. Accessing weather information and chart updates…
Finland Has the Arctic Maritime Technology Edge: Arctia CEO
According to CEO Tero Vauraste of Arctia Shipping, who spoke at a recent Arctic research seminar at the University of Turku, Finland has great potential in the maritime…
NMEC Names Michael Torrech New Chairman
The National Maritime Education Council (NMEC) informs that Michael S. Torrech, CEO of American Maritime Holdings, a leader in the repair, shipbuilding, and maritime industry…
