Maritime Industry Top News
Product Tanker Market Looks Up
The product tanker market registered a robust recovery in the fourth quarter of 2018, partially reversing the downward trend observed in the first nine months of the year…
Norden Gets Sembcorp Contract
Danish shipping company Dampskibsselskabet Norden has signed a ten-year Panamax contract of affreightment (COA) with Indian utility firm Sembcorp Energy India.Commencing April 1…
First LNG-Fueled Ferry in Mediterranean Starts Sailing
Spanish shipping company Baleària said its Hypatia de Alejandría, first liquefied natural gas (LNG)-fueled ferry on the Mediterranean, completed its first commercial…
Navios Containers Updates on Fleet
Monaco-based container shipping company Navios Maritime Containers has exercised an option to acquire a 2011-built 10,000 TEU containership from an unrelated third…
Shipping Activity Up in Amsterdam Port
Netherlands' port of Amsterdam welcomed a total of 41,424 barges and 7,525 sea-going vessels in 2018, including 180 sea cruise ships. The numbers for 2017 were 40…
HII to Build Two Carriers for US Navy
The United States Navy awarded Huntington Ingalls Industries’ Newport News Shipbuilding a contract for two aircraft carriers, the first of its kind since the 1980s.A…
Hapag-Lloyd Redeems Bond Early
German-based container shipping line Hapag-Lloyd AG has decided to partially redeem EUR 170 million of its senior note on 11 February 2019 and prior to its maturity…
Eastern Pacific Shipping, Techstars Launch Tech Accelerator
The international ship management company Eastern Pacific Shipping (EPS) has joined force with entrepreneur network Techstars to launch the first global maritime…
ABS Launches Liquefied Gas Tank Barge Guide
ABS Launches New Guide for Liquefied Gas Tank Barges with Remote Control and Monitoring of Essential Systems; outlines requirements for design and construction of unmanned barges equipped with various degrees of automation. ABS released guidance to assist shipyards and barge operators: The Guide for Building and Classing Liquefied Gas Tank Barges with Remote Control and Monitoring of Essential Systems.The…
Venezuela Government Threatens to Board Tanker to Have Fuel Discharged
Venezuela's intelligence police and the National Guard threatened on Thursday to board a tanker docked at state-run PDVSA's Cardon port to pressure the vessel's crew to discharge diesel sold by U.S.
INTERCARGO Advisory on Cargo Liquefaction Dangers
Cargo liquefaction continues to be a major risk for dry bulk shipping.INTERCARGO welcomes the latest amendment to the International Maritime Solid Bulk Cargoes Code (IMSBC 04-17) which entered into force on 1st January 2019 and includes important updates related to cargoes that may liquefy. Pertinent updates include: changes to section 4.5 of the Code which stipulates the shippers’ responsibility to…
Kirby Inland Marine to Acquire Cenac Fleet
Cenac Marine Services LLC has announced the signing of an agreement with Kirby Inland Marine, LP to acquire Cenac’s fleet.This relationship will continue to enhance Cenac’s marine construction operations, by focusing on its best in class shipyard at Main Iron Works while providing continued security for its loyal maritime employees., even amid continued sluggishness in the local oil and gas industry.Kirby Corporation transports bulk liquid products throughout the Mississippi River system…
OP/ED: Advancing the Passenger Vessel Industry:
A Strategic Look Forward.It is my honor to serve as PVA’s President. My company, Padelford Packet Boat Co., Saint Paul, MN, has proudly, and actively, been a member of this organization since its inception almost 50 years ago when it was previously known as the National Association of Passenger Vessel Operators (NAPVO).While PVA is rich in history, it by no means is stuck in old ways. PVA is always evolving to mirror the ever-advancing world of passenger vessel operations.
ClassNK Grants AIP to KHI LNG-Powered Bulker
Leading Classification Society ClassNK granted an Approval in Principle (AIP) based on its Rule Part GF which adopts IGF Code (regulation for ships using low-flashpoint fuels) to Kawasaki Heavy Industries (KHI) for their project on the concept design of an LNG-fuelled 207K DWT bulk carrier.Speaking on the occasion, ClassNK Corporate Officer and Director of Technical Solution Department Hayato Suga…
LGP-Fuelled ME-LGIP to Power Chinese VLGC
Further shipowners turning to LGP in advance of 2020 emissions deadlineJiangnan Shipyard, owned by China State Shipbuilding Corp (CSSC), has ordered an LPG-burning MAN B&W 6G60ME-LGIP engine in connection with the building of an 86,000-m3 VLGC (Very Large Gas Carrier) for Tianjin Southwest Maritime (TSM), the Chinese shipping company. Vessel delivery is scheduled for the second half of 2021 and includes an option for a second vessel.Bjarne Foldager – Senior Vice President…
NWA: New MCA Code for Workboat Operations
The National Workboat Association (NWA), the trade, skills and safety standards association for the workboat industry, has launched Edition 2 of The Workboat Code, a document that will redefine working practices and standards for vessel operators across numerous maritime sectors.This much-anticipated Code of Practice, published in December 2018 and introduced at the NWA’s AGM in January 2019, has…
Ice and Easy: The next level of hybridization
The demanding conditions of the Baltic Sea and the Gulf of Bothnia are plain sailing for MS Viikki, the world’s first LNG-fueled bulk carrier. The solution, built around WE Tech’s variable frequency drive technology WE Drive and The Switch direct drive permanent magnet shaft generator, helps the vessel achieve Ice Class 1A propulsion, while still slashing fuel consumption, costs and emissions. It is…
World's Largest Shipbuilders in $2 Bln Mega-merger
Resulting entity would control about 20 pct of global market; Daewoo shares rally 22 pct; Hyundai Heavy shares fall.Hyundai Heavy Industries, the world's biggest shipbuilding group, has announced a share swap deal worth 2.1 trillion won ($1.98 billion) to take over second-ranked Daewoo and create a global heavyweight controlling over 20 percent of the market.The move comes as the worldwide shipbuilding sector recovers from a global economic downturn that led to massive losses…
Kirby Announces 2018 Q4/FY18 Results, Deal to Buy Cenac's Marine Fleet
Kirby Corporation announced a net loss attributable to Kirby for the fourth quarter ended December 31, 2018 of ($24.4) million, or ($0.41) per share, compared with earnings of $231.3 million, or $3.87 per share, for the 2017 fourth quarter. Excluding certain one-time charges, 2018 fourth quarter net earnings attributable to Kirby were $44.9 million, or $0.75 per share. Consolidated revenues for the…
Navy: UMass Lowell to host 2019 FST
The Department of the Navy (DoN) Forum for SBIR/STTR Transition (FST) will be held April 10-11, 2019 at the Tsongas Center in Lowell, Mass., co-hosted by the UMass…
