Maritime Industry Top News
Yang Ming Establishes Indonesia Subsidiary
Taiwanese shipping company Yang Ming Marine Transport Corp. will form a new subsidiary with partners in Jakarta Indonesia named PT Yang Ming Shipping Indonesia Today…
Bangladesh Shipbreaking Yard Explosion Kills Two
Two yard workers have died and five others were severely injured yesterday (May 15) in a major explosion on board beached vessel at a shipbreaking yard in Chittagong…
Svitzer Divests its Portuguese Business
![Lisnave Shipyard in Setubal [Credit: Svitzer]](https://images.marinelink.com/images/maritime/w200h200c/lisnave-shipyard-in-setubal-credit-100268.jpg.bmp)
Svitzer intends to sell its Portuguese marine operations to Pioneiro do Rio, Serviços Maritimos, Lda., a company which has Rui Cruz, the current managing director of Svitzer Portugal, among its owners.The operation in Portugal has faced declining volumes and the synergy between the Portuguese ports and Svitzer’s remaining European and global portfolio has proven limited. Svitzer’s operation in Portugal covers three ports: Lisbon, Setubal, and Sines and holds a fleet of 15 tugs.
Houston Ship Channel Reopens to Two-Way Traffic
The Houston Ship Channel reopened on Wednesday to two-way traffic after salvage crews removed two gasoline barges damaged in a weekend collision with a deep-draft vessel…
One Dead, One Hurt in Los Angeles Port Accident
An industrial accident on Wednesday, May 15 at a Port of Los Angeles container terminal tragically took the life of an International Longshore and Warehouse Union (ILWU) worker and seriously injured a second worker. The incident occurred at approximately 7:25 a.m. at Fenix Marine Services at Pier 300. According to initial reports, an equipment accident involving a top loader container handler caused the death of one worker and injured the other.
Hamburg Police Receive New ProZero Boat
Tuco Marine Group closed a deal for new ProZero 8m Center Console Interceptor with Hamburg Police Special Forces.The 8m ProZero CC Interceptor is the short-length successor to the 12m ProZero Interceptor. The 8m Center Console offers a non-stepped, variable deep V-bottom hull featuring a fine forward entry, a flared bow, wide chines and lifting strakes/spray rails.Itr is constructed from carbon fiber composites to yield a low total weight, high performance, fuel efficiency and extended range.
Topaz Installs FUELTRAX
Topaz Energy and Marine is partnering with FUELTRAX on advanced fuel tracking and reporting. Topaz installed FUELTRAX EFMS across 21 of its vessels operating between…
Cruise: Asuka II Makeover in 2020
Asuka II, operated by NYK Cruises Co. Ltd., will undergo a 45-day makeover at the Sembcorp Marine Admiralty Yard in Singapore from the middle of January 2020. Asuka II is the nation’s largest cruise ship flying the Japanese flag (tonnage: 50,142 GT; capacity: 872 passengers).Features to be added during the dry dock include a large open-air bath, Western-style rooms featuring traditional Japanese-style tatami-mat sleeping areas…
Helsinki Shipyard Acquisition Wrapping Up
The acquisition of the current Arctech Helsinki Shipyard in Finland will be finalized in May, the involved parties say, having agreed to transaction terms on May 9.In preparation for the closing, current owner Arctech Helsinki Shipyard Oy (AHS) said it has established a new company, Helsinki Shipyard Oy, which will receive the transferred assets and operations from AHS and continue shipbuilding at the shipyard.
OP/ED: Is Short Sea shipping on the horizon along the Atlantic Intracoastal Waterway?
Are paradigms shifting on the increased role of inland waterways with respect to short sea shipping and the Nation’s marine transportation system? Investigation and implementation of new commerce shipping avenues are becoming more common along the Eastern seaboard of the United States with each new announcement of a Port Authority supporting the development of shipping routes for container on barge services.In the past few weeks…
Oil Spill at Statfjord
An unspecified amount of oil was observed on the sea surface early Wednesday morning in connection with loading oil from buoy to shuttle tanker on the North Sea Statfjord field, Equinor announced.The loading operations were stopped when this was discovered, and the loading systems were shut down, the Norwegian energy company said.Efforts to map the extent of the oil observed on the sea surface are underway…
DSME Wins LNG carrier Order
South Korea’s shipbuilding giant Daewoo Shipbuilding & Marine Engineering (DSME) has received an order liquefied natural gas (LNG) carrier.The vessel capable of transporting 174…
Hurtigruten Intros Electric Catamaran
Norwegian expedition cruise operator Hurtigruten has partnered with the Norwegian startup Brim Explorer, introducing battery powered catamarans custom built for…
Cameron LNG Begins Production
The Cameron LNG project has achieved first liquefied natural gas (LNG) production from train 1. The project will begin exports in the coming weeks.The project is…
Schulte Launches VC Fund for Maritime
Germany’s Schulte Group has launched a venture capital unit - INNOPORT - to identify investment opportunities in the global maritime start-up eco-system.The INNOPORT team…
Bristow Files for Chapter 11 Bankruptcy
Offshore helicopter services provider Bristow Group filed for chapter 11 bankruptcy protection after reaching a deal with senior bondholders on a plan to slash its…
Damen Opens Helsinki Facility
Damen Shipyard Group has opened its first-ever office in Helsinki, Finland as part of its new venture into building large vessels for the ro-pax, cruise and offshore…
Cosco Eyes PIL Takeover
After buying several container factories from its smaller competitor Singapore-based shipping company Pacific International Lines (PIL), China’s Cosco Shipping Holdings Co.
Global Energy Investment Totals $1.8trln in 2018
Global energy investment totalled more than USD 1.8 trillion in 2018, a level similar to 2017, said the International Energy Agency (IEA).The investment stabilised in 2018…
World Suezmax Fleet Counts 514 Vessels
The world Suezmax fleet (excl. shuttle, product & Jones Act tankers) counts 514 vessels at the end of 1Q2019, said Nordic American Tankers (NAT).The total delivery during 2018 was 28 vessels…
