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10 Dec 2015
Palfinger Equipment Package for Kreuz Subseaās New Vessel
Palfinger Marine has been contracted to deliver lifesaving equipment and a winch package for Kreuz Subseaās newbuild vessel, a Vard 317 design. The vessel for the Singapore-based integrated offshore subsea service provider Kreuz Subsea is designed and constructed by Vard. The DP2 class vessel, with a total length of 91.2 meters a beam of 21.5 meters, is prepared for remote operating vehicles (ROVs) and will be used to for diving support and subsea construction duties.
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08 Dec 2015
Video: Navy's New Destroyer Underway
The future USS Zumwalt (DDG 1000) has departed departed Bath Iron Works to set sail for the first time, conducting at-sea tests and trials in the Atlantic Ocean, Dec. A video of the ship underway is available here. The Navy said the newly built multimission ship will provide independent forward presence and deterrence, support special operations forces, and operate as an integral part of joint and combined expeditionary forces. DDG 1000 is the leading guided missile destroyer of the U.S.
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24 Nov 2015
Morocco, Indonesia Ratify BWM Convention
Morocco and Indonesia have become the latest nations to ratify the Ballast Water Management (BWM) Convention, an international measure adopted in 2004 for environmental protection that requires ships to have procedures in place for ballast water management in order to help prevent the spread of harmful and invasive aquatic species. In all, the total number of ratifications now stands at 45 states. Morocco Transport Minister Abdelaziz Rebbah and H.H.
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18 Nov 2015
US to Give Two Ships to Philippine Navy
Following a visit aboard Philippine naval ship BRP Gregorio Del Pilar on Tuesday, U.S. President Barack Obama said the American government plans to transfer two ships to the Philippine Navy, bolstering what Obama called an āironclad commitmentā to the defense of treaty ally the Philippines. Obama said the two vessels ā a Hamilton-Class Coast Guard Cutter and research ship ā are part of the U.S. effort to increase maritime security assistance to its allies in the Asia-Pacific regionā¦
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17 Nov 2015
DOF Sells Skandi Inspector
DOF Subsea, a subsidiary of DOF ASA, has entered an agreement to sell the 1979-built multipurpose offshore vessel Skandi Inspector to an undisclosed international buyer. The 80.8 m, 2,355 dwt vessel is expected to be delivered before end of 2015.
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17 Nov 2015
Statoilās Exit from Alaska āDisappointingā -NOIA
NOIA President Randall Luthi, issued a statement on Statoilās decision to exit the Alaskan Arctic, calling the departure ādisappointingā yet āunderstandableā due to a tough economic and regulatory climate. The Norwegian oil major said on Tuesday it will pull out of Alaska as its exploration leases in the Chukchi Sea no longer looked competitive. "Statoil's decision to withdraw from the Alaskan Arctic is disappointing yet understandable given current tough economic and regulatory conditionsā¦
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17 Nov 2015
TORM Mulls 2016 NYSE Listing
Denmark-based tanker shipping company TORM A/S announced last week that it is considering the implementation of a new structure that would potentially include listing on the New York Stock Exchange and Nasdaq Copenhagen. If undertaken, the move is expected to be completed in 2016.
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13 Nov 2015
Beware the Dangers of Cat Fines
Horror stories frequently circle the maritime industry portraying tales of onboard damages induced by catalytic fines, or cat fines, used in oil processing. All cat fines that remain in fuel oil after centrifugal separation have the potential to cause abrasive wear and damage to the engine. Studies of high cylinder and piston ring wear cases show that cat fines particles embedded in the liner surface cause nearly 90 percent of the wearā¦
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13 Nov 2015
SFL Sells 1998-built Suezmax Tanker
Ship Finance International Limited (SFL) has agreed to sell the 1998-built Suezmax tanker Mindanao to an undisclosed unrelated third party, simultaneously terminating the corresponding charter party for the 17-year old crude oil carrier with a subsidiary of Frontline Ltd. The 159,211 dwt vessel is expected to be delivered to its new owner in December 2015. According to SFL, the sale is in line with its plans to divest older vessels in a strategy to renew and diversify its fleet.
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12 Nov 2015
ACL Acquires AEP River Operations
Marine transportation service company American Commercial Lines (ACL) announced it has acquired commercial inland barge company AEP River Operations from American Electric Power (AEP). AEP River Operations is based in Chesterfield, Mo., with operations in Paducah, Ky.; and Convent, Algiers and Belle Chasse, La., and delivers approximately 45 million tons of products annually. Mark Knoy, president and CEO of Jeffersonville, Ind.
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12 Nov 2015
Hapag-Lloyd Posts Third Straight Quarter of Profits
German continuer shipping company Hapag-Lloyd AG recorded its third consecutive profitable quarter, marked by higher transport volumes and reduced shipping costs in the third quarter of 2015. For the first nine months of 2015, the shipper posted a ā¬6.8 billion revenue, up ā¬1.9 billion compared to the same period a year ago, attributing much of the increase to its December 2014 merger with the shipping business of Cia. Sud Americana de Vapores SA (CSAV).
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11 Nov 2015
DSME Ordered to Halt Production After 2nd Fire
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. (DSME) has received orders from government officials to cease production on five of its ships presently under constructionā¦
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11 Nov 2015
Video: Dredgers at Work in Latin America
A major port in Latin America is in the midst of an expansion project to increase its container handling capacity and accommodate Post-Panamax vessels. Commissioned for this project are two Ellicott cutter suction dredges, which are both currently at work deepening the berthing area for the new terminal. The first Ellicott dredge, a Series 370 with a 300 x 250 mm pump and 328 kW of total installed power, has been working at this port for over six months.
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10 Nov 2015
Two More Secondhand Bulkers for Seanergy
Dry bulk shipper Seanergy Maritime Holdings Corp. has taken delivery of two secondhand Capesize dry bulk vessels, renamed M/V Gloriuship and M/V Squireship, to be employed in the spot market.
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09 Nov 2015
Maersk Orders BWTS for 7 Newbuilds
DESMI Ocean Guard A/S to supply ballast water treatment systems to a series of new container vessels to be built at COSCO Zhoushan shipyard in China, for Danish shipper Maersk Line. DESMI Ocean Guard announced that its RayClean ballast water treatment system (BWTS) has been selected for installation on Maersk Lineās series of new containerships to be built at COSCO Zhoushan Shipyard Co., Ltd. The order is for seven vessels each equipped with two RayClean 500 BWTSā¦
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03 Nov 2015
First LNG Containership Transits the Panama Canal
The worldās first LNG-powered container vessel, TOTE Maritimeās Isla Bella, transited the Panama Canal October 30, marking a milestone not only for the maritime industry, but also for the Canal as it nears the completion of its expansion scheduled to open in 2016, the Panama Canal Authority (ACP) announced. The 3,100 TEU capacity, 764-foot-long American-flagged Isla Bella is the first of two Marlin Class containerships contracted by TOTE Maritime and built by General Dynamics NASSCO.
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02 Nov 2015
Wreckage Confirmed to Be El Faro
Wreckage found on the ocean bottom off the Bahamas has been confirmed by the National Transportation Safety Board to be the lost cargo ship El Faro, which sank with 33 crew aboard October 1. Wreckage consistent with the 790-foot El Faro was discovered upright and intact by a U.S. Navy salvage team using side-scanning sonar equipment in the vicinity of the cargo shipās last known position on October 31, according to NTSB. The wreck sits roughly 15,000 feet below the surface.
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29 Oct 2015
NAT Adds Two More Tankers
Nordic American Tankers Limited (NAT) has taken delivery of the second of two Suexmax tankers recently purchased secondhand. The shipper announced in July that itā¦
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28 Oct 2015
AET Orders Eight Tanker Newbuilds
AET, an owner and operator of petroleum tankers, has signed contracts worth approximately $500 million combined for the construction of eight new vessels. AET on Tuesday contracted Korean shipbuilder Samsung Heavy Industries Co Ltd (SHI) for four 113,000 dwt Aframax vessels to be delivered in 2018. The shipper then signed an additional contract Wednesday with another Korean builder Hyundai Heavy Industries Co Ltd (HHI) for two 114ā¦
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27 Oct 2015
Australia Backs US in South China Sea
Though Australia is not involved in the United Statesā current naval activity in the South China Sea, the country strongly supports the policy of freedom of navigationā¦