Maritime Industry Top News
Bill to Honor U.S. Merchant Mariners of WWII Introduced
Rep. John Garamendi introduced House Resolution 550, aka the Merchant Mariners of World War II Congressional Gold Medal Act, in Congress Tuesday.The bill aims to…
Glosten, Bieker Boats Design Ultra Fuel-Efficient Vessel
The provider of naval architecture and marine engineering services Glosten and marine craft builder Bieker Boats have joined forces to bring modern composite hydrofoil…
Wightlink Says Goodbye to its Oldest Ferry, St Cecilia
The ferry company operating routes between Hampshire and the Isle of Wight in southern England Wightlink will bid farewell to its oldest ferry St Cecilia on Friday…
WFW Advises CCBL on Sale, Leaseback of Two VLCCs
The international law firm based in London Watson Farley & Williams (WFW) has advised CCB Financial Leasing Co., Ltd. (CCBL) on a US$132.8m sale and leaseback transaction…
Iridium Certus Service Goes Live
Iridium launched its Iridium Certus broadband service for commercial customers, the first new capability activated from the company’s $3 billion Iridium Next satellite…
Adnoc Fleet Slashes Carbon Emission 23%
Adnoc Logistics & Services (Adnoc L&S) announced that it has reduced fuel consumption and carbon emissions by 23% across a fleet of 27 vessels.The marine and logistics…
Ocean Yield Buys a Suezmax Tanker
Norwegean ship owning company Ocean Yield ASA has announced that the Company has agreed to acquire a modern Suezmax tanker for a consideration of USD 56.0 million…
Shipbuilding: Fitch Warns Over Hanjin Shipyard's Debt
The exposure of five Philippine banks to financially distressed Hanjin Heavy Industries and Construction Co. Philippines (HHIC-Phil), which recently declared bankruptcy…
Novatek Production Rose 6.9% in 2018
Russia's largest independent natural gas producer Novatek said that total hydrocarbon production during 2018 increased by 6.9%, and had increased sales of gas."In 2018…
Singapore MPA, Société Générale Join LNG Advocacy Group
The liquefied natural gas (LNG) advocacy group SEA\LNG has announced the appointment of Paul Taylor representing Société Générale and Capt M. Segar representing…
Buenos Aires' Exolgan Orders Four Hybrid RTGs from Kalmar
Cargo handling solutions company Kalmar has signed an agreement with Exolgan S.A. to supply a total of four rubber-tyred gantry cranes (RTGs) with hybrid drivelines…
Denmark Adopts New Strategy for Cyber Security
The Danish Ministry of Industry, Business and Financial Affairs has launched a new sectoral strategy for the shipping industry. The strategy is a part of the Danish…
Global Piracy Up in 2018, Gulf of Guinea Leads
Piracy increased on the world’s seas in 2018, with a marked rise in attacks against ships and crews around West Africa, the International Chamber of Commerce’s International…
ABS, Fleet Management Join Force on Cybersecurity
Global provider of classification and technical advisory services to the marine and offshore industries ABS Advanced Solutions and Hong Kong-headquartered Fleet…
PORTS: Busiest U.S. Port Set Cargo Records
The Ports of Los Angeles and Long Beach on Wednesday said they set all-time records for moving cargo in 2018, after U.S. retailers and manufacturers pulled forward imports to avoid higher tariffs on Chinese goods.The Port of Los Angeles, North America's busiest container port, handled 9.46 million 20-foot equivalent units (TEUs) last year, the most in its 111-year history and 1.2 percent more than…
SCHOTTEL Strengthens Presence in Turkey
As of January 2019, the SCHOTTEL targeted expansion of the international network of subsidiaries develops further with the foundation of SCHOTTEL Turkey. SCHOTTEL is active in Turkey and has a larger customer base there since the 1970s. With the large number of vessels build in Turkey, SCHOTTEL sees the need to establish this new subsidiary.Mustafa Muslum has been appointed Managing Director for SCHOTTEL Turkey and will head the new subsidiary.
Sunseeker, Rolls-Royce Present Yacht with MTU Hybrid Power
Sunseeker International and Rolls-Royce have agreed to present the first yacht fitted with an MTU series production hybrid propulsion system in 2020. At Boot Düsseldorf from January 19-27, Sunseeker and MTU will present the new hybrid propulsion system.The new Sunseeker yacht will have an integrated MTU hybrid propulsion system. It will consist of two 12-cylinder MTU Series 2000 diesel engines (each delivering around 1…
Torvald Klaveness Chooses Marlink
Marlink and its inhouse IT specialist unit Palantir are to be the preferred supplier for vessels managed by Klaveness Ship Management AS.Vessels in the fleet will be equipped with an advanced solution, combining KeepUp@Sea remote IT service with Sealink VSAT connectivity, as well as XChange centralized communications management and global L-band back-up. This supports Torvald Klaveness’ ambition of…
Subsea 7 Acquires Sealion Vessel
Offshore contractor Subsea 7 announced Wednesday it has finalized the acquisition of a 2009-built multipurpose offshore construction and dive support vessel.The vessel Toisa Pegasus, formerly owned by Sealion Shipping, is to be renamed Seven Pegasus and will primarily support Subsea 7’s operations in the North Sea and Asia Pacific, the company said.The 133-meter vessel will undergo a docking and crew…
CNOOC Storing LNG Offshore
China's state-owned CNOOC is temporarily storing liquefied natural gas (LNG) in a tanker off South Korea as a warmer than usual winter cuts expected spot demand for the fuel, industry sources said on Wednesday.China faced a severe winter gas shortage last year after switching millions of households to natural gas from coal for heating, prompting Chinese companies this winter to secure supply well ahead of time…
