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May 29, 2017 12:26 AM ET

South Korean Shipyards: Silver Lining for the Biggies

 Though South Korea’s big three shipbuilders -Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering, and Samsung Heavy Industries - showing signs of fiscal recovery this year,  orders at midsized shipbuilding companies remain sparse.  Korea

May 29, 2017 12:25 AM ET

MOL Mulls LNG Power Generation on Ships

 Mitsui O.S.K. Lines (MOL) is exploring the possibilities to generate power from liquefied natural gas (LNG) aboard ships as a low-cost, environmentally friendly alternative to land-based plants.   According to a report on Nikkei, MOL is looking to

May 29, 2017 12:25 AM ET

Energean Signs First Deal to Supply Gas to Israel

 Greek developer Energean Oil & Gas has secured its first gas supply deals for Israel's Karish and Tanin reservoirs, Reuters reported.   The deals were signed with Dalia Power, which operates Israel's largest private power station, and Or Power, which is planning to build new power plants,

May 29, 2017 12:24 AM ET

INS Shardul Reaches Colombo Port

 INS Shardul, which was dispatched by Southern Naval Command of India Navy with relief material to Sri Lanka has arrived in Colombo.   In the wake of recent floods in Sri Lanka, the Sri Lankan government has asked for flood relief assistance from India.

May 29, 2017 12:24 AM ET

SeaBird in Debt Restructuring Proposal

 SeaBird Exploration will propose to its bondholders and certain of its other creditors a debt restructuring of the SeaBird group that if successfully completed will facilitate a comprehensive restructuring of the group's balance sheet.   Following

May 29, 2017 12:24 AM ET

Essar Acquires Panamax Vessel

 The Ruia brothers-led Essar Shipping Limited (ESL) of India has added a Panamax vessel of 74,005 Deadweight Tonnage (DWT) to its fleet of vessels.   With this new induction, Essar Shipping now has a fleet of 14 vessels that include VLCCs, Capesizes,

May 29, 2017 12:23 AM ET

Federal Dollars for Charleston Harbor Deepening

 The Charleston Harbor Deepening Project was named one of six “new starts” and received $17.5 million in construction funding in the U.S. Army Corps of Engineers (USACE) Fiscal Year 17 Work Plan released today, allowing construction on the project to begin this fall as scheduled.

May 28, 2017 10:28 AM ET

Liberian Registry Appoints Alfonso Castillero as CCO

 Alfonso Castillero has been appointed Chief Commercial Officer (CCO) of the Liberian International Ship &Corporate Registry (LISCR), the US-based manager of the Liberian Registry.   Alfonso will be responsible for managing the development and implementation

May 28, 2017 12:56 AM ET

ICTSI Terminates Nigeria Port Project

 International Container Terminal Services (ICTSI) subsidiary Lekki International Container Terminal Services LFTZ Enterprise (LICTSE) has given up on its Nigerian port project due to delays in its execution, reports Nikkei.   LICTSE and Lekki Port

May 28, 2017 12:56 AM ET

Sungdong Wins Tanker Order

 South Korea's Sungdong Shipbuilding  won an order for seven mid-sized tankers, including two as an option, from a Greek shipowner, reported Korea Economic Daily.   It has been more than one year that the Korean mid-sized shipyard to receive a newbuilding contract.

May 28, 2017 12:54 AM ET

DNV GL Launches LNG Fuel Finder

 Just in time for Nor-Shipping, DNV GL will launch the LNG Fuel Finder - a new tool on its LNG business intelligence portal LNGi.   The new LNG Fuel Finder service will allow shipowners and charterers to register their interest in using LNG as a ship fuel free of charge,

May 28, 2017 12:54 AM ET

IMO on Free-Flowing Maritime Traffic in South-East Asia

 The key International Maritime Organization (IMO)treaty supporting the free flow of international maritime traffic – the Facilitation Convention – is the subject of a regional seminar in Bangkok, Thailand (22-26 May).   The so-called “FAL Convention” provides a set of consistent,

May 28, 2017 12:53 AM ET

Indian Navy Ships in Indonesia

 In pursuance of India’s ‘Act East Policy’, Indian Naval Ships Sahyadri, Shivalik, Jyoti and Kamorta under the command of Rear Admiral Biswajit Dasgupta, YSM, VSM, the Flag Officer Commanding Eastern Fleet are on an overseas deployment to the South East Asia and Southern Indian Ocean.

May 28, 2017 12:53 AM ET

Future USS Washington Delivered

 The Navy accepted delivery of the future USS Washington (SSN 787), the 14th submarine of the Virginia-class, May 26.    Washington is the fourth of eight Virginia-class Block III submarines and the seventh of the class to be delivered to the Navy

May 28, 2017 12:52 AM ET

IMO Workshops on Fouling

 Biofouling – the build-up of aquatic organisms on a ship’s underwater hull and structures – was again on the agenda at the latest in a series of International Maritime Organization (IMO) workshops.    The regional workshop in Accra, Ghana (24-26 May)

May 28, 2017 12:52 AM ET

MOL Introduces Autonomous Ocean Transport System

 Mitsui O.S.K. Lines (MOL) has announced that its joint project with Mitsui Engineering & Shipbuilding Co., Ltd. on developing a technological concept for autonomous ocean transport system, was selected by Japan's Ministry of Land, Infrastructure, Transportation

May 26, 2017 2:24 PM ET

Asian Maritime Sector Ready for More VSAT

Market survey shows Asian shipping companies ready to move to “always on” maritime broadband for both operational and crew welfare purposes     A Marlink commissioned survey of Asian ship owners has confirmed that many shipping companies are ready

May 26, 2017 2:07 PM ET

Bulk Carrier Rescues Fishermen off Peru

The commercial bulk carrier Global Vega rescued seven fishermen in distress on May 21 off the coast of Peru.   While Global Vega was sailing from the port of Acajutla, El Salvador, to the port of Callao, Peru, the vessel came upon a fishing boat having engine trouble.

May 26, 2017 1:08 PM ET

Flex LNG signs deals to buy six new vessels

Oslo-listed Flex LNG has signed contracts to buy six new liquefied natural gas (LNG) vessels for its fleet by 2019, as it bets on increasing fuel demand from Britain and other countries, its chief executive told Reuters.   The gas shipping company

May 26, 2017 1:01 PM ET

New Simulator Operators Training Course

eMaritime group have written a new five-day Simulator Operators Training Course (SOTC) and will launch it with a free one-off session from June 19-23, 2017 at eMaritime Group HQ, Whiteley, Hampshire.   The SOTC course has been written to give those

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