Wärtsilä Debuts New Tug Designs
A new portfolio of tug designs, to be known as the Wärtsilä HYTug series, place emphasis on environmental sustainability. Since tugs typically operate in or close to harbors and populated areas, they are particularly affected by environmental considerations, and the need for regulatory compliance is an increasing concern for tug owners and operators worldwide. Having already introduced tug designs…
Ocean Guardian: Simplifying Environmental Compliance
Environmental compliance challenges are nothing new to the cruise industry. Initiatives to enhance environmental compliance, from clean technologies to improved processes and procedures, have significantly reduced the impact cruise vessels have on the environment and improved the quality of discharge. These onboard initiatives address what is in the vessel’s control, but cannot simplify the increasingly complex regulatory environment in which cruise lines operate.
Palmali Lodges $2 Bln Claim Against Lukoil's Litasco
Turkey-based Palmali, one of the biggest shippers in the Caspian region, said on Monday it had lodged a claim worth almost $2 billion against Litasco, the trading arm of Russian oil producer Lukoil…
Baltic Index Up On Firmer Rates for Panamaxes, Smaller Vessels
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, inched higher on Monday, hitting a fresh nearly three-year high as rates for panamaxes and smaller vessels increased. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose 13 points, or 0.94 percent, to 1,398 points, the highest since Nov. 10, 2014. However, the capesize index slipped 4 points, or 0.15 percent, to 2,681 points.
RSC Bio Solutions Gains Kawasaki OEM Approvals
RSC Bio Solutions, a provider of high performance Environmentally Acceptable Lubricants (EALs) - hydraulic fluids, gear oils and greases - and industrial cleaners and solvents…
ESG Awarded LLTM for USCG Offshore Patrol Cutter Program
The U.S. Coast Guard has awarded Eastern Shipbuilding Group (ESG) a Long Lead Time Material (LLTM) contract for the first Offshore Patrol Cutter, USCGC Argus (WMSM 915). The LLTM contract awarded on September 7, 2017 allows Eastern to move forward on an aggressive schedule to deliver a capable and affordable platform to meet the Coast Guard’s mission needs. The award includes main propulsion, machinery control…
Australia Bans Bulker for Underpaying Crew
A Panama flagged bulk carrier, DL Carnation, has been banned from entering Australian ports for a period of 12 months after authorities uncovered a scheme which…
U.S. Navy Fires Two Commanders After Sea Accidents
The U.S. Navy dismissed two senior officers on Monday after a series of collisions involving Seventh Fleet warships in Asia, citing a loss of confidence in their ability to command. Rear Admiral Charles Williams, commander of Task Force 70, and Captain Jeffrey Bennett, commander of Destroyer Squadron 15, were fired by Seventh Fleet commander Vice Admiral Phil Sawyer, the Navy said. In August, Sawyer replaced fleet commander Vice Admiral Joseph Aucoin, who was fired after the accidents.
New CEO at the Helm of Crystal Cruises
Genting Hong Kong appointed travel industry veteran Tom Wolber as President and CEO of Crystal Cruises, effective September 15. Wolber brings to the role over three decades of experience in general management, operations, newbuild construction and business development. He joins Crystal most recently from the Walt Disney Company where he served in various executive roles for 28 years, 10 of which were with Disney Cruise Line where he served as Senior Vice President of Operations.
Maria Seen Strengthening into Major Hurricane
A second powerful storm in as many weeks was bearing down on a string of battered Caribbean islands, with forecasters saying Maria would strengthen rapidly into…
DP World to buy Dubai Maritime City, Drydocks World
DP World said on Monday that it had entered into a deal to buy two other Dubai state-owned maritime companies for a total of $405 million. The Dubai-based ports operator will acquire Maritime World, the 100 percent owner of Dubai Maritime City, for a purchase consideration of $180 million, and 100 percent of Drydocks World by means of a capital injection of $225 million. Both deals are expected to close before the end of the first quarter of 2018, it said. Reporting By Tom Arnold
Dim Q3 Forecast for Korean Shipyards
South Korea's major shipyards are projected to report weaker-than-expected earnings for the third quarter of the year, due to increased costs and the construction of low-priced ships amid decreased new orders. Yonhap News Agency, quoting data compiled by Yonhap Infomax, said that Hyundai Heavy Industries (HHI) is expected to log an operating income of 106 billion won (US$93.6 million) during the July-September period, compared with the previous year's operating earnings of 322 billion won.
New Private LNG Terminal in Pakistan
A group of leading business houses in Pakistan plan to build a liquefied natural gas (LNG) terminal by March 2019 for gas processing and consumption in their own plants, Reuters reported. The proposed, second multi-million dollars terminal being set up at the Port Qasim to handle LNG imports will give tremendous boost to LNG trade. The private terminal will bring the total number of potential LNG import projects in the country to eight.
Two New Shipping Lines to Hamad
Two new maritime lines are launched from Hamad Port which will enhance Qatar’s trade connections with various ports in China, India, Malaysia, Turkey and Greece, among other countries. Qatar News Agency (QNA) said that both lines will run on a weekly basis. The first line starts in the Mediterranean and will be serviced by with four ships, with a total capacity of 6,000 containers including 400 reefer containers.
ES Group Terminates Charter Contracts
Singapore-based ship builder ES Group said its unit ES Shipping has terminated a five-year demise charter contract for bunker vessel, Sea Tanker I, with Sea Hub Tankers. "Under the five-year demise charter contract entered into on 23 November 2012, between the Company’s wholly-owned subsidiary, ES Shipping, and Sea Hub Tankers, ES Shipping had agreed to demise charter Sea Tanker I to Sea Hub Tankers for a monthly charter fee…
CNPC, Eni Sign LNG Deal
China National Petroleum Corporation (CNPC) and Italy’s Eni signed a cooperation agreement that includes assessing opportunities in the gas and LNG value chain. "CNPC and Eni signed cooperation agreement today in order to cooperate in oil & gas exploration and production, gas and LNG value chain opportunities, trading and logistics opportunities, refining and petrochemicals. The partnership will regard both China and overseas activities," said a statement from the company.
Russian Award for Sovcomflot
PAO Sovcomflot (SCF Group) was awarded first prize at the 2017 International Competition of Scientific, Technical and Innovative Developments aimed at the Exploration and Development of the Arctic and the Continental Shelf, held under the auspices of the Russian Ministry of Energy. The prize was awarded to a team of Sovcomflot experts for the development and practical implementation of technological solutions enabling year-round oil shipments from the Gulf of Ob.
Shipbuilding: China Races Ahead of South Korea
Shipyards in China have surpassed South Korea again in terms of receiving the most orders for new ships and platforms, while fierce battle for the number one position in shipbuilding orders continues. China ranked first globally with 195 vessel orders, while South Korea was second with 104 during the first eight months of this year, Yicai Global reported citing Clarkson Research Services. According to the report…
Croatia Invites Bids for LNG Terminal Project
LNG Croatia, the project developer of the LNG import terminal on the Island of Krk in Croatia, has called for bids for the provision of a floating storage & regasification unit (FSRU). The bids for EPC and FSRU procurement, setting a 29 September deadline for submissions will revive Croatia’s long-stalled plans to diversify its energy supply and reduce its dependence on piped gas from Russia. LNG…
Hapag-Lloyd Orders 7,700 New Reefer Containers
This year, Hapag-Lloyd will once again make investments to maintain and expand its container fleet. The liner shipping company has ordered a total of 7,700 refrigerated containers (Reefers) of the latest generation – including 7,000 x 40-foot and 700 x 20-foot units. In addition, 1,000 of the new containers are equipped with “Controlled Atmosphere” technology, which slows down the ripening process of various types of fruits and vegetables…