Construction Equipment News

21 Jan 2019

DEUTZ Commits to Renewable Mobility

Photo: DEUTZ

On January 21 and 22, DEUTZ will be attending the 16th International Conference on Renewable Mobility in Berlin, reprising its role as silver sponsor and underlining its commitment to the development of carbon-neutral drive systems. As well as pressing ahead with the electrification of its engine range under the E-DEUTZ strategy, DEUTZ is working hard to make its products compatible with a choice of sustainable fuels that can be used in its products.Running engines without using…

04 Jan 2019

Wharf-Building Equipment Arrives Antarctica

The DS Wisconsin alongside at Rothera Research Station. Credit: Jenny Symons, British Antarctic Survey (BAS)

A cargo ship loaded with 4,500 tonnes of steel and construction equipment required to build a new Antarctic wharf has arrived at British Antarctic Survey (BAS)'s Rothera Research Station.Staff awaiting its arrival cheered as the DS Wisconsin pulled alongside, guided for the final few hours through sea ice by the ice-strengthened RRS Ernest Shackleton. Work began immediately on the huge task of unloading the cargo, which is likely to take around two weeks.The ship, containing plant…

03 Dec 2018

Coast Guard Urges Caution after Barge Capsizes near Nahant

The Coast Guard is warning mariners to use caution and avoid the North and South Boston Main Channels after a barge carrying construction equipment capsized and possibly sank Sunday night approximately two miles southeast of Nahant.The captain of tug boat Big Jake notified the Coast Guard at approximately 9:30 a.m. on Sunday that two of five barges they were towing had broken free and were adrift. Crew members from Coast Guard Station Point Allerton and Coast Guard Cutter Key Largo responded to the scene along with the tug boats Smith Predator, Justice, and Kendall J. Hebert.While Big Jake was being escorted to Hull two more barges broke free bringing the total number of adrift barges to four.The three tug boats each located a barge and brought them to safe havens.

26 Sep 2018

World Maritime Day 2018 Today

Image: International Maritime Organization (IMO)

Today (27 September), International Maritime Organization (IMO) and the global maritime community celebrate the annual World Maritime Day, under the theme: IMO 70: Our Heritage – Better Shipping for a Better Future. IMO has been celebrating its major anniversaries during 2018, with a focus on the achievements of the past decades as well as the challenges of the future, as the Organization seeks to promote safe, secure, environmentally sound, efficient and sustainable shipping.The Convention establishing IMO was adopted on 6 March 1948 and it entered into force 10 years later…

19 Sep 2018

Yanmar Delivers Dual-Fuel Tugboat Propulsion Engines

Dual-fuel commercial marine engine 6EY26DF. Image provided by Yanmar

Japan-based Yanmar has delivered two 6EY26DF dual-fuel commercial marine engines with the ability to use both heavy fuel oil (HFO) and liquefied natural gas (LNG) as fuels for the LNG tugboat. Mitsui O.S.K. Lines, Ltd. (MOL) will take delivery of the vessel once construction is completed in February 2019 with the tugboat expected to commence operation in April 2019.Yanmar has also received orders for the LNG fuel tanks, buffer tanks, and gas combustion devices that make up the LNG fuel feed systems for the engines.The MOL-owned vessel will be manufactured by Kanagawa Dockyard Co., Ltd.

13 Sep 2018

Apples and Oranges When it Comes to Vessel Finance

A careful and thorough vessel survey underway (CREDIT: DLS)

Companies, lenders, and their auditors worldwide need vessel appraisals that can be relied upon when put into legal documents. As the offshore energy support markets awaken, this is more important now, than ever.While a great deal of shipping finance is done at a 10,000' level, with bond deals and equity swaps, the value of the assets found on ground level are still very important. There are taxation issues, insured value, public reporting, and allocation of purchase price, where the value of individual vessels is important.

30 Jul 2018

Port of Duqm Signs Land Lease Agreement with Petrojet

Photo: Port of Duqm

Port of Duqm Company SAOC, a 50:50 joint venture between the Omani Government and the Consortium Antwerp Port (CAP) under its subsidiary called Duqm Industrial Land Company (DILC), has signed a 25 years usufruct land lease agreement for a 50,000 sqm. plot with The Petroleum Projects & Technical Consultations CO. (PETROJET ).Port of Duqm Company (PDC) is fast becoming an important reality of the Middle East region’s rapidly transforming maritime landscape. PDC also holds under…

18 Jun 2018

Asian Shares, Oil Fall as US-China Trade Spat Escalates

© victor217 / Adobe Stock

Asian shares fell to a 2-1/2 week low on Monday after U.S. President Donald Trump cranked up trade tensions by going ahead with tariffs on Chinese imports, prompting Beijing to immediately respond in kind.Fears of a global trade war added to pressure on oil prices, which extended Friday's big fall, while the dollar retreated from near 3-week highs against the safe haven yen.Spreadbetters suggested a subdued start for European shares, with FTSE futures off about 0.1 percent. U.S.

22 Mar 2018

Philippines Focus on Fisheries Sector

Photo: International Maritime Organization (IMO)

According to the Food and Agriculture Organization (FAO), fishing at sea is probably the most dangerous occupation in the world. To address this issue, a two-day regional seminar, "Joining forces in the fisheries sector: promoting safety, decent work and the fight against Illegal, unreported and unregulated fishing (IUU)", has been held (21-22 March) in Manila, Philippines. International Maritime Organization (IMO)'s Sandra Allnutt, Head of Marine Technology, delivered a presentation on IMO's work in promoting safety at sea.

04 Dec 2017

Corvus Energy Names Bjørkeli CEO

Geir Bjørkeli (Photo: Corvus Energy)

Corvus Energy has appointed Geir Bjørkeli as its new Chief Executive Officer (CEO). Bjørkeli was previously Director of Norway for the Dutch company Huisman, and established the company’s Norwegian presence for offshore construction equipment solutions. Bjørkeli will remain based in Bergen, Norway. Prior to joining Huisman, Bjørkeli was a design engineer with the ship designer and shipbuilder Ulstein. He held several positions with Rolls-Royce, including VP Sales for North East Asia and Managing Director of Rolls-Royce Marine Japan…

23 Nov 2017

Financial Support for Polar Code

Photo: International Maritime Organization (IMO)

International Maritime Organization (IMO)'s work to protect the polar environment and the safety of seafarers and passengers navigating in polar regions has received a boost thanks to a donation by the Government of Canada. IMO Secretary-General and Canada's High Commissioner to the United Kingdom, H.E. Ms. Janice Charette, signed a Memorandum of Understanding (MoU) at IMO Headquarters (23 November). The MoU aims to deliver training programmes for seafarers on board ships operating in polar waters…

17 Nov 2017

YANMAR Launches New Training Initiatives

(Photo: YANMAR America)

YANMAR America has announced the launch of the YANMAR//ACADEMY and POWER//TRAIN following the recent opening of the EVO//CENTER, YANMAR America’s training and customer experience center headquartered in Acworth, Ga. Both initiatives provide an enhanced training experience focused on YANMAR’s dealerships, employees and customers. The YANMAR//ACADEMY consists of eight schools; six focused on dealer training, one on employee training and one dedicated to customer training. POWER//TRAIN is the registration…

25 Oct 2017

Foreship: A Guiding Design Light amid a Quagmire of Regulations

© adimas / Adobe Stock

As the maritime regulatory regime evolves quickly, ship owners increasingly require guidance to help them navigate an ever-changing technical quagmire. Finland-based Foreship is a force in this regard. Finnish maritime prowess is legendary, particularly when it comes to the cruise ships and polar vessel sectors. Foreship aims to continue this legacy, an employee-owned company with a specialty in ship design and engineering. In an industry that is mobile and global, Foreship’s…

11 Oct 2017

Inland Marine Insurance: Assuring Property and Goods Move Forward

Though water covers more than 70 percent of the Earth’s surface, businesses engaged in marine shipping operations and logistics, and other businesses that manufacture and ship product still have a lot of ground to cover getting their various goods to their final destinations. The ocean marine insurance market, the oldest insurance market in the world, was initially developed to protect these goods while crossing the ocean’s open waters, later to morph into a product to protect all international transportation regardless of mode.

16 Aug 2017

Cruise Ship MS Bremen Certified to Polar Code

(Photo: Hapag-Lloyd Cruises)

Hapag-Lloyd Cruises’ expedition cruise ship, the 155-passenger MS Bremen has become one of the first passenger ships in the world to receive the Polar Ship Certificate which will be mandatory for ships operating in the polar regions from January 2018. MS Bremen was awarded Polar Code certification by classification society DNV GL following a two-year long phase of intense preparation, leading the way for all other ships in the Hapag-Lloyd Cruises fleet which are also due to meet the Polar Code requirements by the Arctic season in 2018.

28 Apr 2017

Hyundai Heavy Sails Back to Profit in Q1

Photo: Hyundai Heavy Industries

Hyundai Heavy Industries (HHI) has posted a net profit of KRW462.3bn ($409.6m) for the first quarter of 2017, making it the fifth consecutive quarterly profit for the group. This represents a surge of 90% from the previous corresponding quarter. However, sales fell 1.9 percent to 10.76 trillion won. HHI mainly attributes the whooping quarterly operating profit increase to 127.1 billion won operating profits from HHI’s Shipbuilding Division which is 251% up from the first three months last year.

09 Feb 2017

Hyundai Heavy Back in the Black

Photo: Hyundai Heavy Industries

The South Korean shipbuilder Hyundai Heavy Industries (HHI) has reported a net profit of KRW 682.3 billion (USD 596.6 million) for the full year of 2016, returning from a loss of KRW 1.36 trillion (USD 1.18 billion) seen in the full year 2015. Operating profit for 2016 totaled 1.64 trillion won, up from a loss of 1.54 trillion won for 2015. HHI also announced consolidated 4Q 2016 results. During the October-December period of 2016 HHI racked up 10.3427 trillion won in sales and 437.7 billion won in operating profits, posting quarterly profits for four straight quarters.

27 Jan 2017

Hall to lead Hiab, Sales and Services

Scott Hall Photo Hiab

Hiab, part of Cargotec, has appointed Scott Hall as Senior Vice President, Sales & Services as of 24 January 2017. Scott Hall will lead Hiab's global Sales & Services function and drive sales and services excellence across Hiab's global network. He will report to Hiab's President Roland Sundén and be a member of the Hiab Leadership Team. Scott Hall brings with him extensive experience from leading positions in international sales and business management at globally operating companies.

23 Jan 2017

Regulating Polar Shipping

Photo:  International Maritime Organization (IMO)

International Maritime Organization (IMO) Secretary-General Kitack Lim today (23 January) spoke to delegates at the Arctic Frontiers conference about new regulations for ships operating in polar waters. With more and more ships navigating in polar waters, IMO has addressed international concern about the protection of the polar environment and the safety of seafarers and passengers with the introduction of the Polar Code, which entered into force on 1 January this year. The Polar Code sets out mandatory standards that cover the full range of design…

03 Jan 2017

Polar Protection : New Ship Regulations come into force

Antarctic  -Milestone for polar protection as comprehensive new ship regulations come into force Photo IMO

With more and more ships navigating in polar waters, IMO has moved to address international concern about the protection of the polar environment and the safety of seafarers and passengers with the introduction of new regulations that all ships operating in these harsh and challenging waters must comply with. The mandatory Polar Code, for ships operating in Arctic and Antarctic waters, enters into force on 1 January 2017, marking a historic milestone in the work of the International Maritime Organization (IMO) to address this key issue.

01 Jan 2017

Milestone for Polar Protection

Photo: International Maritime Organization

With more and more ships navigating in polar waters, IMO has moved to address international concern about the protection of the polar environment and the safety of seafarers and passengers with the introduction of new regulations that all ships operating in these harsh and challenging waters must comply with. The mandatory Polar Code, for ships operating in Arctic and Antarctic waters, enters into force on 1 January 2017, marking a historic milestone in the work of the International Maritime Organization (IMO) to address this key issue.

23 Nov 2016

Seattle and Tacoma Report Strong October Box Volumes

Port of Seattle image by Don Wilson

The ports of Seattle and Tacoma reported October full load import and export volumes that were the strongest for the month since 2012. Year to date, imports and exports for October continue to support a strong peak season for the Northwest Seaport Alliance (NWSA), with an 11 percent increase and 16 percent increase, respectively. To support this peak shipping season’s strong agricultural exports, the NWSA has lengthened the extended gates program through December 2. The main commodities moving through our gateway are hay, forest products, and fruits and vegetables.

15 Nov 2016

Hyundai Heavy to be Split into 4 Firms

Shipbuilder to be split into four companies; spinoff is part of restructuring plan submitted to creditors. South Korea's Hyundai Heavy Industries is being split into four companies, with its non-shipbuilding businesses being spun off to improve management efficiency and competitiveness, the shipbuilder said on Tuesday. South Korean shipbuilders have been selling non-core assets and slashing jobs to cope with shrinking orders from the oil industry that forced the firms into heavy losses last year. South Korea is home to the world's three largest shipbuilders - Hyundai Heavy, Daewoo Shipbuilding & Marine and Samsung Heavy Industries Co Ltd. Under the plan, Hyundai Heavy will be divided into four companies.

Maritime Reporter Magazine Cover Feb 2019 - Ferry Builders

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