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19 May 2017
Fincantieri Buys Majority Stake in STX France
Italian shipbuilding company Fincantieri S.p.A. said it has signed a share purchase agreement for the acquisition of 66.66 percent of the share capital of STX France shipyard from its current shareholder STX Europe AS. The agreement entails a purchase price of €79.5 million ($89 million). Fincantieri continues to negotiate with the French State for the finalization of the shareholders’ agreement for STX France in accordance with the Heads of Terms signed on April 12.
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05 May 2017
Meyer Turku Reports Larger 2016 Profit
Shipbuilder Meyer Turku reported a net profit of 25 million euros ($27.4 million), or 3.2 percent of revenue, in 2016, rising from 15 million euros ($16.5 million) in 2015. The Finish shipyard, which specializes in cruise ship and large passenger vessels, said it has seen been on a “good and economically sustainable path” since the Meyer family took ownership in 2014. Revenues rose 33 percent last year from 594 million euros ($651.5 million) in 2015 to 792 million euros ($868.7 million) in 2016.
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02 May 2017
Maersk Line Deploys First Second-gen Triple-E
Four years after the arrival of the first Triple-E vessel, Maersk Line has now deployed Madrid Maersk, the first of its second-generation Triple-E containerships. With nearly 2,000 more TEU capacity than the prior generation Triple Es, the 20,568 TEU (nominal capacity) Madrid Maersk has set sail on Maersk Line’s Asia – Europe service network, calling the Port of Tianjin in China on April 27 as its first port on its maiden voyage.
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27 Apr 2017
Buoy Shot and Sunk off Block Island
A U.S. Coast Guard crew was conducting regular aids-to-navigation maintenance when they found a buoy submerged near Block Island, R.I. When the crew raised the 12,000-pound buoy on Monday, they discovered it was riddled with 20 bullet holes. Clay Head buoy number 7 marks a large rock three feet below the water's surface and is supposed to be key navigational tool for mariners. Instead it turned into…
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24 Apr 2017
Viking Line Inks Shipbuilding Deal with Xiamen
Finland based Viking Line said it has signed a conditional contract with Chinese shipyard Xiamen Shipbuilding Industry Co. for the construction of a new passenger cruise ship for delivery in 2020. A final agreement is subject to the approval of the board of directors of both parties, as well as financial arrangements entered. The total contract amount is about €194 million and includes an option on another vessel.
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20 Apr 2017
BW Group Delivers First VLCC TO DHT
DHT Holdings, Inc. said it has taken delivery of the DHT Utik, the first of 11 very large crude carriers (VLCC) acquired from BW Group Limited in exchange for DHT's shares. The delivery was made despite a last-minute effort by rival oil tanker firm Frontline to prevent the deal that will bring BW's ownership in DHT to 33.5 percent, surpassing Frontline as DHT's top shareholder. Frontline’s lawsuit was rejected in New York County Supreme Court.
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18 Apr 2017
Scorpio Sells Two Kasamax Bulkers
Scorpio Bulkers Inc. said it has reached agreements with unaffiliated third parties to sell two Kamsarmax bulk carriers approximately $45 million combined. The two vessels…
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12 Apr 2017
Veotec Supplies Water Removal Vanes to Vigor
Air intake systems designer and manufacturer Veotec said it has supplied air inlet vanes (vertical louvers) and CP2 filters to U.S. shipbuilder Vigor for two pilot boats delivered to the Port of Duqm Company SAOC, Sultanate of Oman. Veotec's scope of supply for each pilot vessel included two SE2 two stage (louver and coalescer) units for engine room combustion and ventilation air supply, and one SE2 two stage (louver and coalescer) unit for the A/C make up air inlet.
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07 Apr 2017
Channel Dredging to Commence in Mumbai
Dredging works for the deepening and widening of the access channel toward Jawaharlal Nehru Port in Mumbai, India is scheduled to commence in the coming weeks and last for approximately two years.
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31 Mar 2017
Aerial Drone Scans for Pirates off Somalia
A team of antipiracy personnel currently on patrol off Somalia has deployed an unmanned aerial vehicle (UAV) to help scan for potential pirate activity in the region. As part of the counter-piracy military operation EU NAVFOR Somalia, also known as Operation Atalanta, the UAV crew from Spain’s 11th Squadron has been conducting air surveillance and reconnaissance patrols off the Somali coast using its ScanEagle drone from the deck of Spanish Navy ship ESPS Galicia.
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24 Mar 2017
Search Called off for Missing Cruise Ship Passenger
The search for an American cruise ship passenger who fell overboard 33 miles off the Cuban coast has been suspended after more than 16 hours of searching. The U.S.
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23 Mar 2017
Denmark Makes More AIS Data Available
Having already published Automatic Identification System (AIS) vessel traffic data from 2014-2016 on its website, the Danish Maritime Authority (DMA) has made even more historical AIS data available. Now anyone who may be interested can also access Danish AIS data from 2006 to 2014. The files will be available for free from the DMA website, but only for the next six months, as the data quantity is comprehensive and will require large storage capacity, the DMA said.
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21 Mar 2017
Clean Shipping on the Great Lakes
Maritime Reporter & Engineering News recently spoke with Mark Barker, president of The Interlake Steamship Company, who has sent its fourth vessel — its second 1,000-footer — to be outfitted with exhaust gas scrubbers. After seriously pursuing the possibility of converting its ships to run on liquefied natural gas (LNG) several years ago, U.S. based Great Lakes shipper The Interlake Steamship Company found that the region’s LNG infrastructure was simply not present to support such conversions.
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16 Mar 2017
Mega 20,150 TEU Containership Named MOL Triumph
A new 20,150 TEU containership has captured the “world’s largest” title: MOL Triumph, the first in a series of new mega containerships for Japan’s Mitsui O.S.K. Lines, Ltd., (MOL) was named at Samsung Heavy Industries, Ltd.’s (SHI) Geoje, South Korea shipyard. MOL Triumph is the first of four 20,000 TEU class ultra-large container carriers ordered by MOL in February 2015 to be built by SHI for 2017 delivery.
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08 Mar 2017
Record Number of OSVs to Be Delivered in 2017
Vessel oversupply will continue to plague the offshore industry this year as a record total of 465 offshore support vessels (OSV) are expected to be delivered in 2017, according to VesselsValue. Beginning with the drop in oil prices and then lower demand for offshore research projects, the offshore industry is struggling with historically low asset prices, while many offshore vessel owners around the world have been led to bankruptcy.
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07 Mar 2017
Meyer Turku Builds Big
Maritime Reporter & Engineering News recently visited Finnish shipbuilding giant Meyer Turku, whose sights are set on building bigger. It is safe to say that when shipbuilding commenced in the town of Turku, Finland in 1737, the company building wooden boats at the time could not have envisioned the enormous vessels that would eventually be built by the site’s current occupant, Meyer Turku. The Meyer family…
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07 Mar 2017
DHT Sells 18-year-old VLCC for $19.1 Mln
Crude oil tanker owner and operator DHT Holdings, Inc. said it has entered into agreement to sell the 1999-built very large crude carrier (VLCC) DHT Phoenix for $19.1 million.
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06 Mar 2017
ABB: Propelling the Polar Cruise Boom
Leveraging its experience in the distinct polar and cruise vessel segments, ABB and its Azipod are at the forefront of the booming polar passenger vessel market. As world travelers continually seek access to more exotic and exciting destinations, evolving cruise shipping trends have triggered an order boom for passenger vessels capable of plying some of the most treacherous Arctic and Antarctic routes.
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06 Mar 2017
Top 10 Container Ports by Volume
It comes as no surprise that the world’s top 10 container ports by TEU volume are all located in Asian countries. Seven of those top ports are Chinese, with Shanghai leading the way with 36.54 million TEU in 2015, according to data compiled by the World Shipping Council. At number 11 globally, Rotterdam (12.23 million TEU) just missing cracking into the top 10 but ranks as the top European port. Los Angeles (8.16 million TEU) is the top container port in the Americas, and 19th in the world.
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06 Mar 2017
Meyer Werft Floats Out Norwegian Joy
Norwegian Cruise Line’s first cruise ship custom designed for China has been floated out of Meyer Werft’s covered building dock II on March 4 in Papenburg, Germany, where the 168,800-gross-ton ship has been under construction since September 2015. Beginning early Saturday morning, the 3,850 passenger vessel, Norwegian Joy, departed building dock II. Now well on its way to completion, the 324-meter…