Maritime Industry Top News
McQuilling Mid-Year Tanker Market Outlook
McQuilling Services Announces the Release of the 2019 Mid-Year Tanker Market Outlook Update.The Mid-Year Tanker Market Outlook Update provides an outlook on the global tanker market in the context of global economic growth and oil fundamentals influencing tanker demand and vessel supply. The outlook includes a view on future asset values, time charter rates, market freight rates and TCE revenues forā¦
MN100: Elliott Bay Design Group
Named one of this year's MarineNews' prestigious MN100 firms, Elliott Bay Design Group (EBDG) in 2019 expanded to the East Coast by opening an office in New York and teamed with AMD Marine Consulting Designs to be their exclusive North American vessel design representative. EBDG delivers designs that are better to build and better to operate.The Company:EBDG is a full-service, employee-owned company with offices in Seattle, New Orleans, Ketchikan and New York.
New Technology for Safer Tank Cleaning
There have been a number of recent tragedies surrounding the cleaning of confined-spaces on board ships and despite there being very strict procedures, regulatory guidelines and instruction manuals in place regarding working in enclosed spaces, seafarers are still at risk of dying when cleaning out cargo tanks as enclosed spaces are frequently impossible to properly ventilate, their atmosphere difficult to measureā¦
Florida Braces for a Hit as Dorian Strengthens
Florida's governor on Friday urged residents in the state to stock up on at least a week's worth of food, water and medicine and to prepare to lose power and cellphone service for days after Hurricane Dorian makes landfall early next week.The slow march and rising intensity of the storm, which is moving in a northwestern direction to the Bahamas, has alarmed forecasters who worry parts of Florida will be walloped by strong windsā¦
Capesize Strength Propels Baltic Index to 9-Year High
The Baltic Exchange's main sea freight index climbed to a near nine-year peak on Friday propelled by robust capesize demand, with rates for all the vessel segments scaling multi-year highs.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, rose 101 points, or 4.4%, to 2,378, a peak since November 2010. The main index also posted a 27.3% monthly increase, extending its winning streak to a sixth month.The capesize index jumped 261 pointsā¦
MN100: Harbor Harvest's Shortsea, Environmentally Correct Shipping Arrives
The Captain Ben Moore is the third in a series of 65-foot aluminum catamarans built by Derecktor and powered by BAE Systems hybrid technology. The vessel was built for Harbor Harvest, a Norwalk, CT, based company set on changing the way fresh produce and foods are transported around metro areas. The forward-thinking vessel will carry goods from regional family farms across Long Island Sound, relieving traffic congestion and reducing emissions.
Fredriksen Seeks Investors for Empire
Industrialist John Fredriksen is seeking investors to take larger stakes in his companies and could relinquish control of operations as part of a plan to reduce his workload, the Norwegian-born 75-yea
Turkey: Iranian Tanker Headed to Lebanon
Turkey said on Friday that an Iranian tanker at the centre of a confrontation between Washington and Tehran was headed to Lebanon after changing course several timesā¦
UK highlights Gulf shipping threats
The UK Foreign Secretary Dominic Raab is to call for more international support to protect shipping in the Strait of Hormuz when he meets his French and German counterparts later today (Friday, August 31) for talks about Iran. Last month, Iran seized a British-flagged oil tanker in the Strait in apparent retaliation for the UKās seizure in Gibraltar of an Iranian ship accused of violating Europeanā¦
SGRE Hires SMC at Formosa 1 Offshore
UK-based Specialist Marine Consultants (SMC) has been awarded a contract to provide Marine Coordination services to Siemens Gamesa Renewable Energy (SGRE) at the Formosa 1 offshore wind farmā¦
UPM to Charter 7 LNG-fueled Newbuilds
Helsinki-headquartered UPM Logistics says that it has entered into a long-term charter agreement with the Finnish Bore Ltd and the Dutch Wijnne Barends, both affiliatesā¦
U.S. Agriculture Needs Waterways Upgrades
U.S. farmers and agribusinesses, as well as the overall U.S. economy and balance of trade, depend upon and benefit from the inland waterways and its infrastructureā¦
Wärtsilä Waste Treatment for Princess Cruises
The Finnish technology major Wartsila will supply and install an Auto Gasification solution for the Regal Princess, enabling the safe disposal of waste from theā¦
AkzoNobel to Coat Chinese Icebreaker
Dutch multinational company AkzoNobelās coatings solution selected by Polar Research Institute of China to protect its first domestically built polar icebreakerā¦
Sovcomflot's LNG-fueled Tanker to Cross NSR
Sovcomflotās LNG-fuelled Aframax crude oil tanker Korolev Prospect has started a transit through the Northern Sea Route (NSR).Korolev Prospect will become the firstā¦
Worldās Largest Box Ship Visits Rotterdam
Worldās largest container ship MSC Gülsün will visit port of Rotterdam. The ship will be calling on the APMT2 terminal at Maasvlakte 2 in Rotterdam on Tuesday, 3 Septemberā¦
LNG Spot Shipping Rates Increase, Says Awilco
In spite of low gas prices due to ample LNG supply growth and muted demand so far in 2019 spot shipping rates have gradually increased over the last few months and are currently about USD 70ā¦
GCC Bunkers in Marine Fuel Processing Pact
Houston-based low sulfur specialists, GCC Bunkers (GCC) has reached a processing agreement with Texas International Terminals to produce IMO 2020 compliant 0.5%ā¦
FMC Steps Up Oversight in the Commonwealth
Commission Expresses Concerns about Puerto Rico Terminal Facilities Agreement.An agreement filed at the Federal Maritime Commission allowing a joint venture between two adjacent terminals at the Port of San Juan, Puerto Rico, will go into effect on August 29. However, concerns about the agreement and its impact on the marketplace will lead the FMC to adopt a more vigorous oversight plan than its traditionalā¦
ROBOATS: MIT's Shape-Shifting Autonomous Boats
New capabilities allow āroboatsā to change configurations to form pop-up bridges, stages, and other structures.MITās fleet of robotic boats has been updated with new capabilities to āshapeshift,ā by autonomously disconnecting and reassembling into a variety of configurations, to form floating structures in Amsterdamās many canals.The autonomous boats ā rectangular hulls equipped with sensors, thrustersā¦
