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Aegean to Acquire H.E.C. Europe
Aegean Marine Petroleum Network Inc. announced today that it has entered into a definitive agreement to acquire all of the outstanding share capital of H.E.C. Europe Limited (H.E.C.)…
Egypt's GASC Buys 120,000 Tonnes Wheat in Tender
Egypt's state grain buyer GASC said on Wednesday that it had bought 120,000 tonnes of wheat in a tender. GASC gave no more details. Traders had also estimated the total at 120,000 tonnes. The wheat was all of Russian origin and was purchased in two 60,000 tonne consignments, traders said. AOS sold one consignment at $223.50 a tonne c&f and Friends/El Wehda also sold one consignment at $223.50 a tonne c&f, the traders said.
UK P&I Club Sets 2.5% General Increase
The UK P&I Club, a provider of protection and indemnity insurance, agreed at its board meeting Monday that the General Increase for the 2016 renewal will be 2.5 percent.
Petrobras Probe Points to Pension Fund
Clarification: This story has been updated to include the full name a company which is under investigation for involvement in a corruption scandal with Petrobras.
Master Marine Delivers Z-Drive Tug to Marquette
Marquette Transportation Co. has taken delivery of a new 2,000-hp Z-drive towboat from Master Marine, Inc., Bayou La Batre, Ala. The 78'x 34’x11' St. Simon was designed by Entech Designs, La. for Marquette’s river division, based in Paducah, Ky. Master Marine is continuing to build Z-drive towboats, with one more underway for Marquette with an increased crew capacity of nine in five staterooms with 3.5 bathrooms. The steel-hulled St.
Adventure Bound: Sunstone Ships Climbs to New Heights
Niels-Erik Lund began his passenger ship career in 1969 as a trainee in a Danish passenger shipping company, DFDS. In the nearly 50 years since, the passenger and cruise shipping industry has changed many times over, with consistent growth being the only similarity between then an now. Today Lund, President & CEO of Sunstone Ships, Inc., has an unfettered view of the expedition cruise sector that he helped to create.
NPS Littoral Operations Center to Focus on Global Littorals
What does it take to win in the littoral? Start with knowledge. Naval warfare in littoral waters is very different from open ocean operations. The U.S. Navy is dominant in “blue water” scenarios, but less so in the littoral, naval experts say. “We are good at blue water operations, but we are not that skilled in fighting and operating in the littoral waters in places like the South China, the Baltic and Black Seas as well as the Persian Gulf,” said Prof. Wayne Hughes, a retired U.S.
LNG-Powered, Electric Engine, Boxship Concept Design
French LNG containment specialist GTT, along with French containerline CMA CGM (and its subsidiary CMA Ships) and classification society DNV GL have released a technical…
Angry China Warns U.S. Navy Ship
A US Navy guided-missile destroyer sailed close to China’s man-made islands in the disputed South China Sea, drawing an angry rebuke from Beijing, which said its…
Panama Canal Board Approves New Port Plans
The Panama Canal board of directors this week formally approved the development and construction of a transshipment port in Panama’s Corozal region. Upon completion, the port will have the capacity to handle more than five million TEUs within a 120-hectare area at the canal’s entrance to the Pacific. The project is now awaiting the final step for approval from Panama’s National Assembly. The project is another example of the canal’s continual commitment to develop new products…
US: 'Some' Companies Can Export Treated Condensate
The U.S. Department of Commerce said it gave "some" oil companies on Tuesday permission to export a lightly processed crude oil, taking the first action in several…
UK’s Wight Shipyard to Build Two Fast Ferries
The largest fast passenger ferry order for a U.K. shipyard in over 25 years has been confirmed by MBNA Thames Clippers. Two new 170 capacity passenger boats will be built at the Wight Shipyard Co on the Isle of Wight, and will join London’s growing river transport network in summer 2017. Representing an investment worth over £6.3 million, the order will see the creation of 75 new jobs across the Isle of Wight and London…
Robert Allan, Sanmar Design New Z-drive Tractor Tug
The TRAktor-Z 2500SX is the new Z-drive tractor tug designed by Robert Allan Ltd. in collaboration with Sanmar Shipyards. Engineered for maximum efficiency in both harbor ship handling and towing duties, this compact, under 24 m rule length design offers dependable omnidirectional performance for use in ports worldwide. The hull and appendage configuration has been extensively model tested and analysed with Robert Allan Ltd.’s in house Computational Fluid Dynamics (CFD) capability…
DG Shipping Recalls 27 ONGC Supply Vessels
The Directorate General of Shipping (DG, Shipping) has asked India’s biggest oil explorer Oil and Natural Gas Corporation (ONGC) to recall 27 of its 46 supply ships…
Japan Gives $1 Million to Gulf of Guinea Fund
The Government of Japan has made a contribution of $1 million (USD) to the IMO West and Central Africa Maritime Security Trust Fund, established by IMO Secretary…
Conqueror: 200 Cities in 100 Countries
Conqueror Freight Network said it has reached a milestone in its global coverage with the addition of its 200th city in its 100th country. “This is a significant moment for the network.
ClassNK Acquires Maritime Software House NAPA
Classification society ClassNK agreed to acquire maritime software house NAPA in a deal that the classification society said aims to improve safety and performance for the whole maritime industry. According to ClassNK, the acquisition will enhance the success and capabilities of both organizations. For ClassNK, which has worked with NAPA for nearly 10 years, the deal is a chance to expand and improve the wide range of services it offers to shipowners and shipyards…
Port of Hamburg Offers Environmental Discount
The Hamburg Port Authority (HPA) said its dedication to pursuing the highest standards of safety, quality and environmental protection led them to joining the Green Award scheme as an incentive provider for seagoing ships. From 2014, oil, product and chemical tankers, LNG and, after a launch of the certification program later this year, LPG carriers, that hold the Green Award certificate are eligible for a 3% reduction in port fees when calling at the port of Hamburg.
Carnival Sends Two Ships to China
Carnival Cruise Line has announced plans to commit two ships to the China cruise market: Carnival Miracle and Carnival Splendor. Both ships will be based in China year-round…
BIMCO Relaunches Ship Benchmarking System
BIMCO relaunches ship benchmarking system Shipping KPI after two years of redesign. The system helps shipowners and managers make strategic decisions about their fleet.
