Closer Look at Interpretation of Maritime Law
The challenges posed by maritime crime are bringing about discussions on legal issues involving the interpretation and implementation of maritime law. As a result, a workshop has taken place in Sri Lanka, Colombo (18-20 June) where maritime law experts and practitioners from around the world met to participate in two main sessions aimed at gathering State practice and interpretation information related to international legal instruments.
Danaos Corporation Refinances USD 2.2bln in Debt
Danaos Corporation, a leading international owner of containerships, has reached an agreement with certain of its lenders currently holding approximately $2.2 billion of debt maturing on December 31, 2018, that will significantly strengthen the Company's capital structure and result in a debt reduction of approximately $551 million. Pursuant to a comprehensive debt re-financing agreement (RA) with certain of its lenders…
Cruise Ship Construction: China Rising
China earns cruise newbuild business, aims for ship financeWhile China has steadily built shipbuilding market share, cruise ship construction – more specifically mastering the logistical complexities inherent in cruise ship design, outfit and construction – has proved elusive. But it appears that Chinese shipbuilders have turned the corner, with contracts signed for the first cruise newbuilds. We were in Tianjin…
Combat Systems Ordered for German K130 Corvettes
ATLAS ELEKTRONIK and Thales Deutschland have jointly been commissioned to deliver the combat system of the German Class K130 Corvette. The order comprises five corvettes…
Bureau Veritas Rolls Out Approval Explorer
Bureau Veritas Marine & Offshore has launched the latest addition to its end-to-end and integrated platform of digital tools and services, Approval Explorer, a free web application allowing maritime stakeholders to identify, locate and contact Bureau Veritas approved service suppliers or manufacturers, as well as search for certified products and materials, all around the world.Approval Explorer will support the designer searching for specific equipment…
Italian Firms Partner on Maritime Cybersecurity
Marine automation systems developer Seastema said it has signed an agreement with cybersecurity firm Haruspex to develop cybersecurity solutions as an answer to…
Offshore Ship Designers Changes Its Name to OSD-IMT
The Netherlands based naval architecture and marine engineering firm Offshore Ship Designers (OSD) announced it has changed its company name to OSD-IMT.The company said the name change aims to leverage the strength of both OSD and IMT. IMT is the signature brand-name for vessels designed by OSD’s U.K. branch, which was already named OSD-IMT. Using one name for all offices reflects the way the group already works - as one single organization…
Oil Tanker Tows Disabled Sailboat to Safety
A Singapore flagged oil tanker came to the rescue of four French sailors whose sailboat became disabled by broken sails and engine failure approximately 225 miles east of Cape May, N.J. on Thursday, June 7.U.S. Coast Guard rescue authorities received a notification from French rescue personnel that the 43-foot sailboat Simbad had a disabled engine and broken sails and required assistance. The four sailors reported two were in good health…
BMT Names Vittal MD in India
BMT has appointed Anup Vittal as Managing Director in India.An aerospace and defense industry veteran, Anup has over 28 years’ experience working in both the private and government sectors. He joins BMT following his most recent role as an industry expert and external consultant with Ernst & Young and prior to this, as Managing Director and Member of the Board at Safran Engineering Services India.
Predictive Software to Optimize FPSO Maintenance
A new test project in Norway looks to employ specialty software for the optimization of floating production storage and offloading (FPSO) maintenance.Lloyd's Register (LR) said it is using its RTAMO software to support AkerBP in an effort aiming to optimize maintenance activities for the Skarv FPSO infrastructure and equipment.RTAMO, which stands for Real-Time Adaptive Maintenance Optimization, is…
SSI Set to Capitalize on Turkish Shipbuilding Resurgence
Shipbuilding software solutions developer SSI says it plans to capitalize on the resurgence of Turkish shipbuilding.The Candian based company announced it has contracted Entech & Semar to be an authorized reseller of its ShipConstructor and EnterprisePlatform software.Entech & Semar will add sales and support of SSI software to its range of ship services and engineering solutions, including ship machinery and spare part sales…
LNG Imports Climb at CNOOC's Zhejiang Terminal
CNOOC's Zhejiang terminal will receive 5 million tonnes of liquefied natural gas in 2018 up from 3.58 million tonnes last year, CNOOC Gas and Power Co said on Thursday.The Zhejiang terminal located in Ningbo in Zhejiang province has unloaded 33 LNG tankers as of June, or 2.3 million tonnes, up 94 percent from the same period last year, CNOOC Gas and Power said.Storage tanks linked to the terminal are nearly full, CNOOC said.The terminal is a supply hub of LNG for Zhejiang province in eastern Chi
Oil Exploration Is Ramping Up Off Norway
Oil firms are expected to drill 40-50 exploration wells off Norway this year compared to 36 wells drilled the previous year, the Norwegian Petroleum Directorate said on Thursday.The Norwegian continental shelf still held an estimated 4 billion cubic meters (25.2 billion barrels) of oil equivalents in undiscovered petroleum resources, with two-thirds located in the Arctic Barents Sea, it added.Half of estimated undiscovered resources in the Barents Sea, however, are located north of the areas ope
China to Cut US Oil Imports Amid Trade Spat
Chinese oil buyers will keep taking crude from the United States through September, but plan to reduce future purchases to avoid a likely import tariff amid a trade spat between the world's two largest economies, multiple industry sources said.Beijing has put U.S. energy products, including crude oil and refined products, on lists of goods that it will hit with import taxes in retaliation for similar moves by Washington.Beijing did not specify when it will impose a 25 percent tax on oil…
Norway Oil Workers Threaten to Strike
Some 2,250 workers on Norwegian offshore oil drilling rigs and in drilling and catering services on oil producing platforms could go on strike this summer after rejecting a proposed wage deal, the Safe labor union said on Thursday.Industri Energi, the largest labor union representing drilling workers, last month agreed to a deal, while the smaller Safe said it would ask its members to vote on the offer made by the Norwegian Shipowners' Association.A strike could hit oil companies' exploration ef
Baltic Index Slips to Two-week Low
The Baltic Exchange's main sea freight index on Thursday fell to its lowest level in two weeks, pulled down by falling rates for capesize and panamax vessels.The overall index, which tracks rates for ships carrying dry bulk commodities, slid 26 points, or 1.9 percent, to 1,347 points.The capesize index lost 52 points, or 2.5 percent, to end at 2,038 points."Extremely few cargoes out of west Australia, hence the general activity level for Pacific market this week been very low," ship broker Fearn
Libyan Coastguard Picks Up 301 Migrants Headed for Europe
Libya's coastguard picked up 301 African migrants on Thursday from two inflatable boats after their engines failed near its western coast, a spokesman said.Libya…
East Libyan Forces Advance to Retake Oil Ports
East Libyan forces said on Thursday they had retaken the shuttered oil ports of Es Sider and Ras Lanuf, though clashes resumed south of Ras Lanuf in the afternoon after a counter-attack by rival factions.Staff were evacuated from terminals in Libya's eastern oil crescent and exports were suspended last Thursday when armed opponents of eastern-based military commander Khalifa Haftar stormed the ports and occupied them.The closure has led to production losses of up to 450…
Vessel Response Plans: A Primer for the US Waterfront
Congress enacted the Oil Pollution Act of 1990 (OPA 90) a mere 17 months after the disastrous oil spill following the grounding of the tanker Exxon Valdez in Prince William Sound. Among the many provisions in the voluminous bill was a detailed planning requirement. For the first time, tank vessels and facilities handling oil in bulk were required to develop extensive plans for responding to a worst case discharge of oil into waters of the United States.
Italy Tells Rescue Ship to Take Migrants to the Netherlands
Italy's anti-immigrant interior minister accused a German charity on Thursday of ignoring coastguard orders when its Dutch-flagged ship picked up 226 migrants off…
