Maritime Industry Top News
Energy Storage Life Cycle Cost Study
Diesel electric propulsion is a concept that uses an electrical power generation plant to deliver power to the propulsion unit. Case studies show reductions in fuel and maintenance costs with such systems. Those improvements can be further enhanced by the addition of an energy storage system to the vessel.This case study provides a cost benefit analysis of an energy storage system for a vessel owner using a real-world operational profile and case study.
Naval Group Might Look at Thyssen's Marine Unit
France's Naval Group would consider buying Thyssenkrupp's marine division if the German steel-to-submarines conglomerate were to offer the unit for sale, a German…
EnscoRowan Wins Arbitration Against SHI
Offshore drilling services provider EnscoRowan announced that an arbitration tribunal has awarded it $180 million in damages in its proceedings against South Korean…
Maersk in Sale, Leaseback Pact with ICBC
Danish tanker shipping company Maersk Product Tankers has just entered a sale-and-leaseback agreement for four medium range (MR) vessels with the Chinese bank, Industrial…
PSA, SATS Mull Multimodal Transport Hub in Singapore
Port and terminal operator PSA International and ground handler and in-flight caterer SATS have signed a Memorandum of Understanding (MoU) to collaborate in seamlessly…
Tanker Rates Firming Up: Frontline
The middle of the first quarter in 2019 saw tanker rates firming significantly, driven mainly by an increase in US exports, said Frontline Ltd. is the world's largest…
Simec Inks Technology Partnership with GE
Simec Atlantis Energy is set to team up with General Electric (GE) to develop the world's largest tidal stream turbine.According to a press release from Simec, its…
Singapore Opens 24/7 Maritime Cybersecurity Center
Niam Chiang Meng, Chairman of the Maritime and Port Authority of Singapore (MPA), opened a new 24/7 Maritime Cybersecurity Operations Centre (MSOC) yesterday (May 16).
ZEABORN Acquires CPO Tankers
The international law firm Watson Farley & Williams (WFW) advised Bremen-based Breakbulk shipping line Zeaborn Group (ZEABORN) on its acquisition of Claus-Peter…
New Lake Assault Boats Fireboat
The Rabun County Fire Services, located in the northeast corner of Georgia, has placed a Lake Assault Boats fireboat into service on Lake Rabun, an 835-acre reservoir with 25 miles of shoreline. The new craft provides fire suppression and emergency response services for homeowners, visitors, and Georgia Power facilities located on the lake.“The combination of hydroelectric plants and a growing number…
Lim to Outline Future of Ocean Regs at Nor-Shipping
Kitack Lim, Secretary General of the International Maritime Organization (IMO), will be taking the stage at Nor-Shipping 2019’s Ocean Leadership Conference on June 4, to talk about the future of maritime regulations. Lim will join an elite group of global thought leaders at the Thon Hotel Arena Lillestrøm, adding to a program designed to deliver insights on issues ranging from cyber security, to economic strategy…
Largest Boxship Ever Transits Panama Canal
Today, the Panama Canal completed a trial transit of Evergreen’s Triton, the largest vessel in dimension and container cargo capacity to pass through the Expanded Canal since it opened in June 2016.The Neopanamax containership Triton, which has a Total TEU Allowance (TTA) of 15,313, a 20-row beam of 51.2 meters and a length of 369 meters, transited northbound from the Pacific to the Atlantic Ocean.Similar to the milestone Q-Flex transit completed on May 12…
Seahawk Services Opens Singapore Ops
Seahawk Services is now offering marine fuel analysis and bunker quantity and investigation surveys from a new base in Singapore, and the company is set to open a fuel testing lab at the global bunkering hub by Q3 2019.Seahawk Services was established by company Wajdi Abdmessih, who has more than 25 years’ experience in the marine fuel testing industry. With a U.S. base in New Jersey, the company has…
Shea to Receive 2019 Connie Award
William J. “Bill” Shea, Jr. to Receive 2019 Connie Award in Long Beach, CAJ. Christopher Lytle to Be Honored with the Lifetime Achievement AwardWilliam J. “Bill” Shea, Jr., Chief Executive Officer of Direct ChassisLink Inc. (DCLI), will receive the 2019 Connie Award presented by the Containerization and Intermodal Institute on September 17. The industry-wide event to honor Mr. Shea will be held at the Renaissance Hotel in Long Beach, CA.In his current position, Mr.
Conrad Backlog at $122.7m
Conrad Industries, Inc. (OTC Pink: CNRD) announced for the quarter ended March 31, 2019, it had a net loss of $307,000 and loss per diluted share of $0.06 compared to net income of $586…
INSIGHTS: Dennis Wilmsmeyer, Executive Director, America's Central Port
Dennis Wilmsmeyer was appointed Executive Director at America’s Central Port on July 1, 2010, prior to which he served 11 years with the Port District, six as General Manager.With over 30 years of experience, Dennis brings a wealth of knowledge and expertise to the table in the areas of transportation, planning, and economic development. His responsibilities include developing the Port’s 1,200-acre industrial park and business campus…
Statfjord Loading Still Shut After Spill -Equinor
Equinor has still not identified the source of an oil spill at its Statfjord field in the North Sea, and the loading of crude onto tankers remains shut, the Norwegian company told Reuters on Thursday.The leakage consisted of "small observations" of oil on the surface of the ocean, an Equinor spokesman said.The leakage of crude was first discovered on Wednesday, triggering a shutdown of loading on to a shuttle tanker, although production continued, Equinor said at the time.Statfjord, which opened
Marine Fuel Rules to Disrupt Markets for 1-5 years
The marine industry's January 2020 shift to using very low sulfur fuel oil (VLSFO) to power ships worldwide will launch a one- to five-year disruption in oil and refined products markets, according to a study released Thursday by Boston Consulting Group.The International Maritime Organization (IMO)'s mandated switch will require fuels to have a sulfur content below 0.5%, compared with 3.5% now. It…
Interview: Sebastiaan Bleuanus, Wärtsilä
The May 2019 edition of Maritime Reporter & Engineering News features a 10-page feature section on "Thought Leadership" in the marine power sector. Here we extract and present the interview with Sebastiaan Bleuanus, GM for research coordination and funding, Wärtsilä.Please put in perspective and discuss the current environment and pressure to reduce emissions in the maritime industry.The last 15 years have seen a shift in legislative focus in two main areas…
Evergas Names The First 85,000m3 VLEC
Danish gas ship owner Evergas announced that the worlds first Type-C 85,000m3 very large ethane carrier (VLEC) JS INEOS MARLIN was successfully delivered to INEOS…
