Maritime Industry Top News
Caterpillar Profit Dips; 2019 Outlook Cut
Caterpillar Inc reported a 13.5% fall in quarterly profit on Wednesday, hit by weak demand in its construction and resources units, and the company cut its 2019…
NKT Services TenneT Offshore Cable Joints
German-Dutch power grid operator TenneT has awarded the cable company NKT with a three-year service agreement contract covering the cable jointing part of a larger…
Iran to Build 200 Cargo Ships in Domestic Yards
Iranian industry, mining and trade minister said Iran is planning to build 200 cargo ships inside the country with an investment of EUR 300 million to boost its…
QP Begins VLSFO Bunkering at Ras Laffan Port
State-owned oil company Qatar Petroleum announced the commencement of Very Low Sulfur Fuel Oil (VLSFO) bunker supply operations at Ras Laffan Industrial City (RLIC)…
Washington Gets Funds for Green Ferries
Washington State Ferries will begin the process of converting three Jumbo Mark II vessels from diesel to hybrid-electric power.The government agency that operates…
WFW Advises on Race Bank Wind Farm Deal
Watson Farley & Williams (WFW), an international law firm based in London, said that it has advised Race Bank Wind Farm Limited on its USD 608 million sale of transmission…
TEN Adds New Aframax Crude Tanker to Fleet
Tsakos Energy Navigation (TEN) announced the delivery of an aframax tanker, the first in a series of four advanced technology vessels, built against long-term contracts…
Total, Zhejiang Energy Establish Bunkering JV
French oil and gas company Total has signed a deal with Chinese state-owned Zhejiang Energy Group (ZEG) to create a joint venture company to supply and delivery…
Navios Repays $198mln Debt Early
Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced the repayment of its Term Loan B on October 18, 2019.The tanker shipping…
Teekay Resolves China LNG JV Issues
Teekay LNG’s 50/50 joint venture with China LNG, which owns four on-the-water ARC7 LNG carriers and two ARC7 LNG carrier newbuildings, is also no longer classified…
Essar Ports Posts 20% Cargo Growth
Essar Ports, India's second-largest, private-sector port and terminal company by capacity and throughput, posted a record 20 per cent cargo growth in April-September…
Wärtsilä LNG Refit for Münsterland Ferry
Wärtsilä was selected to carry out a retrofitting project aimed at lessening the environmental footprint of a ferry operating on the Wadden Sea, a UNESCO World Heritage listed area in the south eastern end of the North Sea.The retrofit will enable Münsterland, a RoPax ferry owned by German operator Aktien-Gesellschaft ‘Ems’ (AG Ems), to use LNG as fuel, significantly reducing its greenhouse gas emissions.Work will take place at the Koninklijke Niestern-Sander B.V.
Tech File: Boiler Tech for LNG Propulsion
With the projected increased adoption of LNG as a fuel in the marine sector, Alfa Laval plays a key role with its tech an knowledge in the area of boilers, which enables ships to deal with boil-off gas (BOG). Specifically, Alfa Laval’s dual-fuel boilers, Gas Combustion Unit (GCU) and services effectively form a portfolio of solutions for BOG safety.To use LNG as fuel, vessels must be able to manage boil-off gas (BOG), the evaporated gas that can increase tank pressure.
Ferry Tech: Retractable Bow Foils for M/F Teistin
Innovation in the world of marine design and propulsion continues to move forward at record speed, driven by new emissions regulation and the push toward emission free ships. In September 2019 an innovative new technology from Wavefoil AS of Trondheim, Norway was installed on the Faroese ferry M/F Teistin, the first ship in the world with retractable bow foils that are designed not only for ship stability…
Tankers Unable to Offload in Malaysian Port
Refineries at Port Dickson on Peninsular Malaysia's west coast are unable to receive crude oil after a port facility that carries crude from the ships to the plants broke down.A system known as a single point mooring (SPM) unit, a loading buoy anchored offshore that allows tankers to offload their crude via pipeline to the refineries, has been out of service, the refinery operators said.The SPM connects to a refinery operated by Hengyuan Refining Company Bhd (HRC)…
Damen Patrol Vessels for Offshore Nigeria
Damen recently delivered a pair of FCS 3307 high-spec patrol vessels to be operated by Homeland Integrated Offshore Services (Homeland IOS Ltd) in Nigeria, and now the boats are being prepared for their assignments. The boats will be deployed in the Gulf of Guinea to protect and support the offshore assets of Homeland’s clients which include many international oil companies.Features of the 33-m vessels…
ORCA Hub Readies Drones for Offshore Energy
A consortium of five universities, including Heriot-Watt University, working with 35 industrial and innovation partners, has unveiled the latest results from its…
Hunter Adds VLCC Newbuild
Hunter Tankers, a wholly owned subsidiary of the Norwegian investment company Hunter Group, has taken delivery of the second of seven identical ECO design VLCC newbuildings…
Prysmian Wins SGRE Gig
Italian cable manufacture Prysmian Group has secured a contract with turbine manufacturer Siemens Gamesa Renewable Energy (SGRE).The scope covers low voltage cables…
Siemens Gamesa Buys Senvion Wind Biz
German-Spanish wind turbine manufacturing giant Siemens Gamesa Renewable Energy (SGRE) has agreed a $225m deal to buy 8.9GW of the European onshore service business…
