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Cargo Shipping Market to Reach 12.52 Bln Ton by 2021
The Cargo Shipping Market is estimated to gain momentum after fiscal year 2018 after years of sluggish growth. Cargo Shipping Market is projected to reach 12.52ā¦
Shipping Oversupply Persists Despite Scrapping Increase: Drewry
A record number of around 150 container vessels are expected to be scrapped in 2016 but it will not be enough for an industry battling over capacity, low demand and falling ratesā¦
Marsol Launching Rhino Craft in Dubai, Abu Dhabi
Marsol International, a UAE-based global marine solutions provider focused on the offshore oil terminal market and related infrastructure, will be launching and demonstrating its Rhino Craft 750 HDPE vessel at exclusive events in Abu Dhabi and Dubai. The multi-purpose workboat is fabricated from ductile, high strength polyethylene and has been designed with a primary focus on the offshore oil and gas and coastal patrol markets, based on years of hands-on offshore experience.
Foxx Names New Members to Maritime Industry Advisory Panel
U.S. Transportation Secretary Anthony Foxx announced the appointment of 29 new members to the Marine Transportation System National Advisory Committee (MTSNAC).
CNO Visits Chinese North Sea Fleet
Chief of Naval Operations (CNO) Adm. John Richardson visited Chinese North Sea Fleet headquarters, July 20 to meet with fleet commander Vice Adm. Yuan Yubai. Theā¦
Boskalis Awarded Aberdeen Offshore Wind Farm Contract
Royal Boskalis Westminster N.V. (Boskalis) has been awarded the Offshore Balance of Plant contract by Vattenfall for the construction of Aberdeen Offshore Wind Farmā¦
ASEAN Breaks South China Sea Deadlock
Manila drops request to refer to court ruling in statement. Southeast Asian nations overcame days of deadlock on Monday when the Philippines dropped a request forā¦
Cambodia Urged ASEAN to Avoid Words That Escalate Tension
Cambodia advised a grouping of South East Asian nations to avoid using words that "would escalate tension between China and the Philippines" in a weekend statementā¦
Another Scrubber Retrofit for Vulica Shipping
DuPont awarded third marine scrubber order by Vulica Shipping Co. Ltd. Vulica Shipping Co. Ltd. has selected DuPont Clean Technologies for the supply of a hybridā¦
Protea Developing Heavy Lift Cargo Cranes
Poland based Protea, supplier of offshore and marine lifting and mechanical handling equipment including cranes, winches and launch and recovery systems, is expanding its offering to also deliver heavy lift cargo cranes. Protea engineers are currently developing an all new, all electric cargo crane constructed from ultra high strength steel and will be available in a range of sizes from 60t to 500t (or even higher upon client request).
Tawas Point Lighthouse to be Turned off in September
The U. S. Coast Guard said it will turn off the light inside the Tawas Point Lighthouse navigational aid in East Tawas, Michigan, in September and activate a new lighted aid to navigation about 3,000 feet away at Tawas Point where the fog signal is located, providing better visibility to mariners. In addition to the new location, the light characteristic will change from an occulting white light that appears red from some areasā¦
Kongsberg: Blazing a Digital Trail
Earlier this year Kongsberg launched Kongsberg Digital, a new subsidiary to expand its industrial software offering, a āstart-upā with about 500 employees. Hege Skryseth, President of Kongsberg Digital and also the Chief Digital Officer of Kongsberg shares with MR her insights on the size, shape and direction of the new entity. āYou see some opportunities here,ā is how Hege Skryseth summarizes the potential for the digital revolution to make maritime and offshore operations more efficient.
Low Freight Rates Hit Maersk Line
Record low freight rates have driven the Worldās largest container carrier Maersk Line to report a second-quarter loss of US$151 million. The second quarter resultā¦
Berth and Billions: Cruise Business Powers European Yards
In a historically weak contracting environment the cruise sector has seen a strong level of newbuild ordering and investment in the year to date, says a research report by Clarkson.
Pakistan Mulls Second LNG Import Terminal
BW Group (BW) has signed a 15-year agreement with Pakistan GasPort Limited (PGPL) to provide LNG regasification services utilizing a new-build Floating Storage andā¦
MN100: Reintjes GmbH
Founded in 1979, Reintjes GmbH is an independent propulsion technology company that manufactures thousands of gearboxes annually. More than 90,000 units have been supplied to customers worldwide. Over time, Reintjes has expanded its product portfolio of marine gearboxes for engine ratings from 250-30,000 kW. Its maritime applications include dredging gearboxes and step-up gearboxes as well as complex system solutions such as pod drives and hybrid drives.
Samskip Acquires Euro Container Line AS
Samskip has completed the acquisition of Euro Container Lines AS, building on a strategy for growth in the Nordic area to make its largest ever acquisitive move in Norway. The ECL acquisition aims to strengthen Samskipās position in the Norwegian market by enhancing the speed and frequency of services delivering a second-to-none value proposition for its Norwegian client base. In a significant enhancement for regional fishing industry exporters in particularā¦
Industry Wants Hanjin Shipping to Merge with Hyundai Merchant Marine
The Korea Shipownersā Association (KSA) has officially suggested Hanjin Shipping merge with Hyundai Merchant Marine (HMM) to prevent court receivership and liquidation, reports Business Korea.
RSC Bio Solutions is Making Waves in the Marine Industry
RSC Bio Solutions, a global leader in environmentally acceptable lubricants (EALs) and cleaners, will launch a new revolutionary product line of sustainable lubricants at SMM 2016 in Hamburg, Germany. These new products have the potential to improve operational efficiency, performance and your bottom line. The performance benefits alone are expected to result in greater system efficiency, fewer change-outs and extended equipment life.
Hanjin files for Receivership, Ports Turn Away Vessels
Hanjin says asks court for its assets to be frozen; Hyundai Merchant looking to buy Hanjin's "good" assets. South Korea's Hanjin Shipping Co Ltd filed for courtā¦
