Wight Shipyard Delivers New Ferry
UK shipbuilder Wight Shipyard has completed its third and largest vessel for MBNA Thames Clippers, the 38-metre catamaran ferry Venus Clipper.The first Hunt Class Mk3 has been built to a ten-month build schedule and is reflective of the increased business the yard has previously predicted in the fast ferry sector, said a release.Peter Morton, CEO, Wight Shipyard, said: "One of the most important elements…
Western Australia Curbs on Emissions
Western Australia’s Environmental Protection Authority (EPA) has announced tough new measures aimed at curbing greenhouse gas emissions from large projects.This proposal could deter investment in the natural gas-rich state, a report in Reuters said quoting resource companies.EPA said new projects, which could include fertiliser and power plants as well as liquefied natural gas (LNG) export sites, that generate more than 100…
Anzali Port Attracts Investments
Iran's Port of Anzali announced the start of operation and Exploitation of three investment projects in its port complex.According to HamidReza Abaei, the Director General of Ports and Maritime Affairs of Gilan province, Iran, began operations last week with the President's visit with the presence Mohammad Eslami, the Minister of Roads and Urban Development, and Mohammad Rastad, the managing director…
GasLog Acquires Glasgow
The liquefied natural gas (LNG) carriers operators GasLog Partners and GasLog announced that the Boards of Directors of both companies and the Conflicts Committee of GasLog Partners have approved entering into an agreement for the Partnership to purchase from GasLog 100% of the shares in the entity that owns and charters the GasLog Glasgow.According to a press release from the company, the aggregate purchase price for the Acquisition will be $214 million…
Russian Share of European Gas Growing
With gas supplies growing at a faster rate than domestic demand, Russia can increase pipeline and liquefied natural gas (LNG) exports to Europe, said a report.Russia’s gas production has been steadily increasing since the low of 611 Bcm in 2015, and reached 695 Bcm in 2018, according to a report form Rystad Energy, an independent energy research and business intelligence companyMature fields exhibit relatively high decline rates…
USCG Rescues Two From Sinking FV
Crew members from Coast Guard Station New London rescued two people after they abandoned their sinking fishing vessel near Fishers Island, New York, Sunday morning.At approximately 7:30 a.m., watch standers at Sector Long Island Sound received a radio call from the crew of a 55-foot commercial fishing vessel stating their boat was taking on water in one of their fish holds.The command center issued…
Australia Navy Nabs Two Tonnes of Hashish
Royal Australian Navy reports that its frigate HMAS Ballarat seized two tonnes of hashish worth approximately $71 million in street value during a boarding operation on 28 February 2019.The boarding was conducted in international waters by the Combined Task Force 150 under the direction of the Combined Maritime Forces as part of Operation Manitou.Following the suspicious behavior of a local fishing vessel (dhow)…
USCG, Locals Rescues 46 From Ice Floe
CLEVELAND — The U.S. Coast Guard and local agencies rescued 46 ice fishermen from an ice floe that broke free near Catawaba Island, Saturday.An additional estimated 100 people were able to self-rescue themselves from the ice floe either by swimming or walking on ice-bridges that were still connected to the floe initially.At 8:13 a.m., Coast Guard Station Marblehead received notification from an Ohio…
IMO Calls For Empower Women in Maritime
On International Women’s day 2019 (8 March), the International Maritime Organization (IMO) has put the spotlight on women in the maritime sector.This year, IMO’s World Maritime Day theme was "Empowering Women in the Maritime Community", giving particular resonance to this year’s International Women’s Day celebrations, the UN Body said.The global 2019 theme for International Women’s Day - Think equal…
SEA\LNG Welcomes Vancouver Fraser Port
The Vancouver Fraser Port Authority has joined SEA\LNG, the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel. Vancouver Fraser Port is the first North America port member to join the industry group.The Vancouver Fraser Port Authority is the federal agency of the Port of Vancouver, Canada’s largest port, and the fourth port member to join the coalition…
WISTA Pledges for Inclusion of Women in Shipping
The Women's International Shipping & Trading Association (WISTA) has launched its inclusion pledge which addresses the under representation of women in the maritime industry.The pledge addresses the underrepresentation of women in the maritime industry through a series of statements aimed at embracing diversity through individual action and personal responsibility. Individuals are encouraged to sign the pledge in support of a diverse and inclusive maritime sector.
Indian Govt Sells Stake in Dredging Corporation
The Union government of India (GoI) has concluded the strategic sale of Dredging Corporation of India (DCIL) to a consortium of four ports Vishakapatnam Port Trust, Paradeep Port Trust, Jawaharlal Nehru Port Trust & Deendayal Port Trust.The share purchase agreement was executed between GOI and the four ports on March 08. The government held 73.47 per cent equity stake in the company.Of 73.47 per cent…
Workshop on Maritime Admin in C. America
A regional workshop has provided senior maritime administration officials in Central America with the latest information on current and future developments at International Maritime Organization (IMO).The training was organized by IMO and the Central American Commission on Maritime Transport (COCATRAM) in Medellin, Colombia (4-6 March), said a press note from the UN Body.The 24 participants received…
Diana Shipping Fixes 'Salt Lake City' with Cargill
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Salt Lake City.The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$9,750 per day, minus a 4.75% commission paid to third parties, for a period of minimum 20 months to maximum 23 months.
ESPO: One Third of port Professionals are Women
The European Sea Ports Organisation (ESPO) said that it has been monitoring the gender balance through the effective attendance of port professionals to the different meetings of the organisation over the past year."The outcome of this monitoring reveals that, all technical committees together, overall 31,76% of port professionals attending the meetings were women, 68,24% men," announced the industry body.Looking in more detail into the different committees…
Imports at Annual Low on Seasonal Lull, Tariff Worries
With the retail industry in its annual lull between seasons and plans for a tariff increase on hold, imports at the nation’s major retail container ports are expected to drop to their lowest level in almost a year this month, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.“Now that the holiday season is over and summer has yet to crank up…
Green Marine, SNAME Partner
Green Marine and the Society of Naval Architects and Marine Engineers (SNAME) signed a partnership agreement to further their common goals in fostering greater environmental sustainability in the maritime sector.The agreement, signed earlier this year, will serve as a framework to enhance technical cooperation between the two parties and encourage the exchange of information to raise awareness for…
Brazil Reopens Traffic on Key Soy Export Highway
Traffic on Brazil's key grain shipping highway BR-163, linking the agriculture belt to northern ports, was totally re-established by late on Thursday after being deemed "unnavigable" earlier in the week, transport authority Dnit said.The poor state of the road, parts of which are unpaved, had led authorities to block traffic as emergency repairs were made. Dnit had previously said roads would be closed…
HHI Group Inks Deal to Acquire DSME
Hyundai Heavy Industries (HHI) Group and Korea Development Bank (KDB) signed on Friday a definitive agreement to acquire Daewoo Shipbuilding & Marine Engineering (DSME), in the presence of Kwon Oh-gap, Vice Chairman & CEO of HHI Holdings; Ka Sam-hyun, President & CEO of HHI; and Lee Dong-gull, Chairman & CEO of KDB.Under this definitive agreement that builds on the heads of agreement signed between HHI and KDB on January 31…
DSC's Wetta Receives Barry K Wendt Award
William J. “Bill” Wetta, Senior Vice President of Product Development & Chief Technology Officer (CTO) of DSC Dredge, LLC was awarded the Barry K. Wendt Commitment Award during National Stone Sand and Gravel Association’s annual convention in Indianapolis, Indiana held February 10 – 13, 2019.Deemed The aggregates industry's highest, most distinguished individual award, NSSGA established the Wendt award…
