Series News

14 Jun 2019

Analysis: Strait of Hormuz and the Risk of Escalation

© Peter Hermes Furian/Adobe Stock

The Strait of Hormuz, the narrow shipping lane between Iran and Oman named after the fabulously wealthy ancient kingdom of Ormus, has fascinated oil traders since the Iranian revolution in 1979. Iran has periodically threatened to close the strait to enemy shipping, while the United States and its allies have pledged to keep it open and maintain freedom of navigation, by force if necessary.The strait has become a symbolic flashpoint in the region-wide confrontation and indirect


14 Jun 2019

Defense Show Set for Denmark in September

Major naval and maritime exhibition set for Copenhagen Sept. 3-6, 2019; MAST NOCO 2019 will be the biggest military conference in Denmark everThe maritime world will meet at MAST NOCO 2019 in Copenhagen September 3-6, 2019. MAST, which stands for Maritime Systems and Technologies, encompasses a series of global conference and exhibitions. The year’s MAST NOCO 2019, which takes place at the same time as the Northern Coasts (NOCO) 2019 multinational naval exercises, will be the biggest military equipment exhibition and conference ever held in Denmark.

12 Jun 2019

Malta Freeport Hosts First LNG-Ship

Image: Malta Freeport Terminals

Malta Freeport Terminals welcomed the first ever LNG-powered container ship to visit Malta during the course of the vessel’s maiden voyage from Asia to Rotterdam.Tourism Minister Konrad Mizzi, whose portfolio includes the Freeport Authority visited this ship to mark this special event.The mv Containerships Polar, operated by a subsidiary of leading shipping line CMA CGM, discharged over 560 containers during its call to Malta. Containerships Polar is the second in a series of


11 Jun 2019

Euroseas Gets Refinance for Two Vessels

File Pic: Euroseas

Euroseas announced that it has closed the previously announced refinancing of two of its vessels with simultaneous interest rate reduction of 0.5% for all other existing loans and the redemption of approximately $11.7 million of value.The an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, said that the refinance is equivalent to about 59.4%, of its outstanding Series B Preferred Shares with simultaneous reduction


11 Jun 2019

Performance Shipping Buys Aframax Tankers

Pic: Performance Shipping Inc

The provider of shipping transportation services through its ownership of containerships, Performance Shipping Inc.(PSI) announced that it has agreed to acquire two entities, which have signed contracts to purchase two 2011-built Aframax tanker vessels from an unaffiliated third party seller for a total purchase price of US$60.0 million.The transaction was unanimously approved by the disinterested members of the board of directors, said a press release from the Greece-based company.PSI will acquire the two entities affiliated with its Chairman and Chief Executive Officer


11 Jun 2019

HST Orders Fourth Damen Fast Crew Supplier

Photo: Damen

High Speed Transfers (HST), a recent new entry into the crew transfer sector, has placed its fourth order for a Damen next-generation Fast Crew Supplier (FCS) 2710, to be named HST Euan.The order for is the result of a long-term contract won from a client operating out of Belgium.The FCS 2710 has replaced the Damen's FCS 2610, retaining the twin, axe bow hull design but being both one meter longer and higher. The all-new interior allows it to carry twice the number of passengers (26) as its predecessor and enables it to deliver more flexibility


11 Jun 2019

Ocean Yield Takes Delivery of New VLCC

Nissos Despotiko. Photo: Ocean Yield ASA

Norway-based ship owning company Ocean Yield ASA has taken delivery of the very large crude carriers (VLCC) Nissos Despotiko.The vessel was delivered from the yard Hyundai Heavy Industries in South Korea and is the second in a series of four VLCCs that will be delivered to the Company in 2019.Upon delivery, the vessel commenced a 15 years' bareboat charter to Okeanis Eco Tankers Corp (Okeanis Eco Tankers) with a 5 years' sub-charter to Koch Shipping Pte. Ltd.Okeanis Eco Tankers


11 Jun 2019

Gagarin Prospect Wins Award

Photo: Sovcomflot

Gagarin Prospect, an LNG-fuelled Aframax crude oil tanker owned and operated by Sovcomflot (SCF Group), has won Next Generation Ship Award 2019, which was announced at Nor-Shipping 2019.President & CEO of Sovcomflot Sergey Frank has received the award from Norwegian Minister of Trade and Industry Torbjørn Røe Isaksen in the presence of His Majesty King Harald V of Norway.With a focus on innovation, the Next Generation Ship Award honors the most promising design for ships that will be at sea in the coming decade


10 Jun 2019

Kalmar Showcases Eco-Efficient Future

Pic: Kalmar

Kalmar, part of Cargotec, will focus on driving the eco-efficiency of terminal operations at this year's TOC Europe, which will be held in Rotterdam, The Netherlands, on 18-20 June 2019.Kalmar will be showcasing its entire Eco Range - a wide portfolio of products and services that are designed to cut emissions in cargo handling operations. Several demos and collaborative sessions will be organised at the Kalmar stand to highlight the theme "Together for an eco-efficient future".Kalmar has been developing eco-efficient


10 Jun 2019

Piracy Threat Persists in Gulf of Guinea

A crew member prepares to board a tanker that was hijacked by pirates in Benin on. Pic: US Naval Institute

Concerns raised by various industry bodies were supported by figures from the International Maritime Bureau showing that the number of attacks in the Gulf of Guinea region had doubled in 2018.There has also been a marked increase towards kidnapping for ransom and armed robbery incidents.Members of the shipping community, Flag States and Agencies from Gulf of Guinea gathered at the Headquarters of the International Maritime Organization (IMO) for a day-long symposium on Maritime Security in the Gulf of Guinea.

10 Jun 2019

SeaKing Upgrades Historic Lake District Steamer

MV Teal images photo credit: Windermere Lake Cruises

SeaKing Electrical completed an upgrade project involving historic 142-ft., 251-ton Lake District steamer MV Teal, a Windermere Lake Cruises project that involved a range of repairs and upgrades to the three-deck passenger ferry during its winter layup period.SeaKing Electrical business development manager Neil Mellenchip said the 31-day project required careful planning around a broader asbestos removal process.MV Teal was built in 1936 by Vickers of Barrow. It carries up to


10 Jun 2019

Sovcomflot Wins VEB Funds for LNG-Fueled MR Tankers

The agreements were signed by Nikolay Kolesnikov, Executive Vice President and CFO of Sovcomflot (right), and Artem Dovlatov, CEO of VEB-Leasing (left). Photo: PAO Sovcomflot (SCF Group)

Sovcomflot, a Russian maritime shipping company specializing in petroleum and LNG shipping,  and VEB.RF Group announced the signing of agreements whereby VEB Leasing will finance the construction of three new LNG-fuelled MR tankers.Sovcomflot initially placed the order for these three tankers with the Zvezda Shipyard (Primorsky region) on 28 December 2018. The delivery of the vessels is scheduled for 2022-2023.Each tanker will have a deadweight of 51,000 tonnes, and they are intended to transport petroleum products and gas condensate


04 Jun 2019

WinGD Launches New Engines

Photo: WinGD

In response to the growing demand for more efficient and reliable marine propulsion that serves the needs of an increasingly environmentally sustainable industry, WinGD (Winterthur Gas & Diesel Ltd.) has introduced three new low-speed, two-stroke engines that are capable of operating on low emission fuels.Building on the proven WinGD technology the new additions to the portfolio; X40DF, X82D and X82DF engines, will provide a wider variety of compliant choices to the ship owner.“Our


05 Jun 2019

R.STAHL Launches New Lighting Series

Photo: R.STAHL TRANBERG

R.STAHL TRANBERG has announced the launch of the TRANBERG BlueLine Lighting Series – a portfolio of high quality, cost-effective and next generation lighting for the maritime sector. The announcement was made at Nor-Shipping 2019, taking place in Oslo from June 4 to 7, 2019.The BlueLine Series, which consists of navigation lights, searchlights, floodlights and deck lights for all kinds of vessels, has been designed to provide marine operators with a world-class quality standard in marine lighting.

05 Jun 2019

ABB Expands Azipod Range for Ferries, RoPax

Photo: ABB

ABB extends the power range of Azipod propulsion to enable ferry and RoPax operators improve operational efficiency and reduce emissionsSince its launch in 1990, Azipod electric propulsion has become the industry standard for a wide range of vessel segments ranging from smaller crafts to icebreakers capable of independently operating in the harshest conditions.In response to customer requests, ABB has filled the gap between the low and high-power range of Azipod propulsors with the launch of a new series available in 7.5-14.5MW.

04 Jun 2019

GTA Names Sixth LNG-Fueled Tanker

Photo: FKAB

Marine engineering company FKAB said that the sixth vessel ordered by the Gothia Tanker Alliance (GTA), a network of established tanker operators,  has been named at the Avic Dingheng shipyard.The 'Ramelia' is the sixth in a series of vessels ordered for the Gothia Tanker Alliance series.The Ramelia, which is owned by Rederi AB Älvtank, is an ice class 1A environmental friendly tanker, equipped with batteries and dual-fuel engines for LNG operation.It is of 16,300 DWT on design draught & 18


04 Jun 2019

Kongsberg's Cost-effective Tunnel Thruster

Photo: Kongsberg Maritime

Kongsberg Maritime has unveiled a new series of tunnel thrusters designed to meet demand from the merchant marine sector for a system that is less complex to install, easier to maintain, and more cost-effective to operate than existing thrusters of comparable size.Drawing on more than 40 years of tunnel thruster experience and the results of a development project led by a Kongsberg Maritime team at the company’s propulsion facility in Ulsteinvik, Norway, the new Tunnel Thruster Commercial (TTC) is particularly suitable for cruise ships


04 Jun 2019

ClassNK Unveils Software Security Guidelines

© Michael Traitov / Adobe Stock

Classification society ClassNK has released its Guidelines for Software Security which target software developers, system integrators and more.As part of its Cyber Security Series, ClassNK regularly releases guidelines and standards that outline cyber security measures based on the recently-released ClassNK Cyber Security Approach outlining the group’s basic approach to ensuring onboard cyber security for ships.The new guidelines, released as the third and latest part of the series, aim to assist with risk management focused on software used on board vessels.

05 Jun 2019

Oldendorff Signs 23 Deals with Chinese Firms

Images: Oldendorff

German dry bulk shipping company Oldendorff group has revealed a series of 23 deals with Chinese leasing companies over the last year.None of these deals involve lease finance, said the company.The deals involve six capesizes, four kamsarmaxes and 13 ultramaxes and comprise a range of resales and both fixed and floating time charters. Ten of the vessels will have scrubbers fitted."The charters we provided are market related and mostly on a floating index rate basis. The 10 Capes and Kamsarmaxes will all be equipped with scrubbers


05 Jun 2019

Ulstein Introduces the X-BOW for RoPax

Photo: Ulstein

Ulstein has developed a range of X-BOW vessels for the RoPax market. The portfolio is based on Ulstein's ‘compact concept’ of shorter, wider and slower design solutions, leading to high capacity vessels and less expensive newbuilds.The X-BOW is one of Ulstein’s contributions to cleaner and more sustainable shipping operations. Introducing the X-BOW on RoPax vessels is a natural design development.Many RoPax vessels operate in harsh areas, for which the X-BOW was originally designed. An X-BOW vessel at the same speed and weather conditions will use less power than a conventional bow vessel.

05 Jun 2019

ExxonMobil Launches Mobilgard M420

Photo: ExxonMobil

ExxonMobil has announced it has added Mobilgard M420 to its range of advanced marine lubricants.Mobilgard M420 is a 20 BN oil that has been rigorously tested specifically for use in medium speed engines using fuels that comply with the International Maritime Organization’s (IMO) global 0.50 percent sulphur cap. The lubricant has received No Objection Letters from leading engine builders, including MAN ES and Wartsila.With the marine fuel landscape changing in the lead up to 2020, Mobilgard M420 has been formulated for use on vessels running on 0.50 percent or 0.10 percent sulphur fuels.

07 Jun 2019

ESG Delivers Z-Drive Tug to McAllister

Ava M. McAllister (Photo:  McAllister Towing)

Eastern Shipbuilding Group, Inc. has announced the delivery of the Escort/Rescue Z-Drive Tug Ava M. McAllister for McAllister Towing, Inc. on May 31, 2019. This Escort/Rescue Z-Drive Tug design is provided by Jensen Maritime Consultants and is issued a USCG Sub-M Certificate of Inspection (COI). The vessel arrived at Eastern in 2018.The Ava M. McAllister (ESG Hull #222) is from the same 100’ Z-drive tug design provided by Jensen Maritime Consultants of Seattle, WA as the Rosemary McAllister (ESG Hull #224) and the upcoming Capt. Jim McAllister(ESG Hull #223), tugs constructed at Eastern.

07 Jun 2019

ACL's Next Riverboat Nears Completion

American Harmony (Photo: American Cruise Lines)

American Cruise Lines announced that its second of a new class of modern riverboat, the American Harmony, moved under its own power to the shipyard’s outfitting pier for final touches. American Harmony was successfully launched at Chesapeake Shipbuilding this past November, 2018, and is well ahead of schedule for its August 17, 2019 inaugural cruise on the Mississippi River. American Harmony is the 2nd of 5 new ships in American’s revolutionary new modern riverboat series. The 1st ship, American Song, was the first modern riverboat in U.S. history and went into service last fall.

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