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Petrobras, SBM Offshore, Brazilian Authorities Reach Settlement
The Ministry of Transparency, Oversight and Control (Ministério da Transparência, Fiscalização e Controle - "MTFC"), the Public Prosecutor's Office (Ministério Público Federal - "MPF")…
An Expanded Canal Means and Expanded Economy
Just two weeks ago, the world watched as the first commercial vessel, M/V COSCO SHIPPING PANAMA, successfully navigated the Panama Canal’s new expanded locks. The inaugural event was broadcast live to a worldwide audience as the Panamanians in attendance cheered and waved flags in celebration of their country’s newest engineering marvel. Along with numerous heads of state and with representatives from many nations…
Demand, Bunker Pricing Spurs Asia Dry Bulk-Capesize Rates
Owners asking $1 per tonne more on Australia-China rates; Panamax rates climb to two-month high, but remain under pressure. Freight rates for large capesize dry…
Silver Ships Delivers Fire/Rescue Boat
Silver Ships, Inc. has recently delivered a 34-foot custom designed and purpose-built all-welded aluminum fire/rescue boat to the Islip Fire District on Long Island, N.Y.
Foss Maritime Vessels Receive Safety Award
The Chamber of Shipping of America (CSA) has recognized 73 vessels of Foss Maritime and their subsidiary companies with the 2015 Jones F. Devlin award for outstanding safety records. The Jones F.
FPSOs Sit Unprecedentedly Idle
The 20 year four-fold growth pattern in the world’s FPSO fleet stalls out in 2016 with a record number of FPSOs idle and available for redeployment – or perhaps to be forced into other uses, lay up or scrap. FPSO redeployments typically are far more complex, costly and risky than for (say) drillships and yet the need for redeploying idle FPSOs is now in the forefront of the industry like never before as FPSO owners also have to face the worst ever down market for their equipment and services.
Maritime Projects Continue Shaping Rhode Island’s Future
When I visit Rhode Island, one of the first things I notice its extensive water resources available for tourism, sports and commerce not to mention the ability to move people from one place to another. Next, I think about the dynamic men and women working on and near the water in the maritime industries and businesses including ship construction and repair that support the State’s long-term economic prosperity.
Patterson’s One-Two Punch
Thru-Deck & Right angle Capstans: From the company that brought the inland towboat industry the patented YoYo Winch, now comes not one but two new, equally revolutionary…
Strike In France: Implications for Tanker Demand
After the oil industry suffered from a severe drought in Venezuela, forest fires in Canada and rebel attacks on oil installations in Nigeria, it is now facing the…
VOS Sugar First Charter
The newest addition to Vroon’s fleet, subsea-support vessel (SSV) VOS Sugar, recently started work in the BARD Offshore 1 Offshore Wind Farm (OWF). The vessel is…
First Cat Marine Hybrid Thruster Delivered
Engineering specialists at Caterpillar Marine’s new Marine Solutions Center are overseeing delivery of the first Cat Marine Hybrid Thruster system, being delivered this month to an undisclosed shipyard in Singapore and will be commissioned midyear. Caterpillar Marine said the new propulsion setup outperforms diesel mechanical systems in all partial load conditions, and offers improved fuel economy and substantial through-life savings for a variety of offshore support vessels (OSV).
New Lifeboat Station Aids Greek SAR Services
A new lifeboat station has been opened on the Greek island of Chios – with the cooperation of International Maritime Rescue Federation (IMRF) members – to help support…
ASL Marine Secures New Contracts
Shipbuilder ASL Marine has secured a total S$156 million worth of contracts from its shipbuilding, shiprepair & conversion, shipchartering and dredging engineering divisions.
SHIPPINGInsight Agenda, Keynote Speakers Announced
SHIPPINGInsight announced the agenda and identified keynote speakers for the fifth Fleet Optimization Conference & Exhibition. The annual event will take place October 18-19, 2016, at the Stamford Marriott Hotel and Spa in Stamford, Conn. Capt. Michael Wilson, president & COO of Laurin Maritime (America), will serve as conference chairman. John D. (Jack) Noonan, COO of Chembulk Tankers, and Capt. Norbert Aschmann…
Dangers of Neglecting on Board Welding Equipment
Wilhelmsen Ships Service (WSS), who conducts safety inspections of onboard welding equipment and consumables at 26 ports throughout the world, said its findings reveal how a lack of maintenance, respect and care for this essential, yet highly dangerous, technology is putting safety, efficiency and even lives at risk every day. WSS offers inspections at a network of international shipping hubs, including New Orleans, Dubai, Rotterdam, Panama and Shanghai.
Ensco Lost 2 Petrobras Contracts
Ensco Plc has concluded discussions with Petrobras regarding revised commercial terms with respect to some rig contracts. Ensco 6003 and Ensco 6004 had their contracts terminated effective May 1…
Great Lakes Shipyard Performs USCG Drydocking
On April 25, Great Lakes Shipyard hauled out the U.S. Coast Guard’s 125’ x 52’ Aids to Navigation Barge (12001). Using the Shipyard’s 770-ton Marine Travelift, the yard lifted the 620-ton AToN barge quickly and easily, and placed it on drydocking blocks. Based in Detroit, Mich., the buoy tending crane barge is normally paired with the Ice Breaking Cutter Bristol Bay, and serves as a buoy tender to handle navigation buoys marking shipping lanes of the Great Lakes and St. Lawrence Seaway.
Ulstein Verft's First Wind Service Vessel Launched
Shipbuilder Ulstein Verft has launched its first vessel within the renewable energy segment, and also the first with the newly-developed X-STERN hull line design.
Alliance Merry-go-round Spins Again
Four carriers have announced a new OCEAN Alliance to start next year. Where does this leave those carriers left behind? To the surprise of many it was announced…
One Business, Two Regulatory Worlds: Handling DOT and GHS Regulations
The Globally Harmonized System of Classification and Labeling of Chemicals (GHS) deadlines that went into effect on June 1 and December 1, 2015, respectively, have had a significant impact on U.S.
