Maritime Industry Top News
Danish Compatriots Test Emissions Monitoring Solution
Danish shipping company Nordic Tankers, Dania Ship Management and Danfoss IXA have been cooperating on testing new innovative technology for monitoring emissions…
World’s First High Bay Container Storing System is Ready
DP World has joined forces with industrial engineering company SMS Group for the 'high-bay storage' system for shipping containers.An international joint-venture…
Port of Duqm, Shell Oman to Develop Fuel Bunkering Facilities
Shell Oman Marketing Company SAOG signed an agreement with Port of Duqm Company SAOC (PDC) to develop fuel bunkering facilities and services.The downstream oil marketing…
NYK Introduces Its Green Bond Initiatives
Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK), the first company in the global shipping industry to issue labelled green bonds, presented its initiatives…
Maersk Intros Cargo Insurance Alternative
Maersk Line is expanding its commercial offering with the introduction of an extended liability solution, Value Protect, which will act as a substitute to regular cargo insurance…
Drewry: Ocean Freight Shipping Rates Fall in Q4
Ocean freight rates for cargoes moving under contracts on major East-West routes decreased by 7% in the fourth quarter, according to the results of Drewry’s Benchmarking…
Huntington Ingalls Rolls-out Virginia Class Submarine Delaware
American Fortune 500 shipbuilding company Huntington Ingalls Industries (HII) has launched the recently christened Virginia-class submarine Delaware (SSN 791) into…
SSY Atlantic Capesize Index Rise by 161 points
Shipbrokers Simpson, Spence and Young's Atlantic Capesize Index rise by 161 points in the week ending Monday to 7,550.The SSY Atlantic Capesize Index rose by 161 points week-on-week to 7,550 points as a pickup in Brazilian iron ore chartering saw fronthaul rates from the region strengthen. There were increases of $200/day and $500/day in the round-voyage and fronthaul rates to $16,500/day and $30,000/day, respectively. The latter a six week high.Source: Reuters
Dual-Fuel RoPax Ferry MV VIsborg Delivered
Designers OSK, owners Rederiaktiebolaget Gotland and builders Guangzhou Shipyard International jointly celebrated the delivery of MV VISBORG the first vessel in a series of two intended to ply the waters between Gotland’s largest city Visby and the ports of Nynaeshamn and Oscarshamn in mainland Sweden.OSK Group has played a significant role in the development and design of the powerful dual fuel RoPax ferry.
Shipbuilding; Austal USA Wins Contract for Two More LCS'
Austal USA was awarded a contract by the U.S. Navy today to build two additional Littoral Combat Ships (LCS) for the US Navy fleet – bringing the total to four LCS awarded to Austal USA in 2018.
WEG, Praxis Sign MoU to Support Damen Saab Bid for Brazilian Navy
On December 13th, Brazilian company WEG Electric Equipment, and Dutch company Praxis Automation Technology, both leading companies within their respective fields, signed a Memorandum of Understanding (MoU) to support the bid of Damen Shipyards Group and Saab for the construction of four corvettes for the Brazilian Navy. For the Tamandaré class corvettes bid, Praxis and WEG will be partners for the…
Viking Star Repowered with Cummins
In 1978 Allied Shipyards of North Vancouver built a series of three big steel purse seiners that have become much-admired classics amongst the excellent fleets of British Columbia. In the years since the boats have changed owners and changed names. One, the Viking Star, has even shifted from being a dedicated purse seiner to a transport vessel for salmon farms for the Walcan Seafood plant on Quadra Island.The success of the design…
Carnival to Launch Four Ships in 2019
Carnival Corporation announced it will launch four new cruise ships in 2019 across three of its leading global brands – Carnival Cruise Line, America's Cruise Line; Costa Cruises, the largest European cruise operator; and Princess Cruises, international premium cruise line. The world will get a preview of one of these spectacular new vessels when Carnival Cruise Line debuts a floral replica of its new Carnival Panorama sailing down Colorado Boulevard in the Rose Parade on New Year’s Day…
BP's Tortue/Ahmeyim FLNG Project Pushes Ahead
Golar LNG Limited announced Monday that it has received a Limited Notice to Proceed (LNTP) from BP Mauritania Investments Ltd and BP Senegal Investments Ltd, in their capacity as block operators…
Top 10 Ships of 2018: #1 - Diamond Gas Orchid
The first Sayaringo STaGE type LNG carrierMitsubishi Shipbuilding Co., Ltd. (MHIMSB) delivered the first Sayaringo STaGE type liquefied natural gas (LNG) carrier, named Diamond Gas Orchid in June, 2018. The Sayaringo STaGE, which was developed based on MHIMSB's cutting-edge technology, has a continuous cover over the cargo tanks, a feature inherited from its predecessor the “Sayaendo”, and while keeping this merit…
Baltic Index Edges Up on Broad Support
The Baltic Exchange's main sea freight index, tracking rates for ships ferrying dry bulk commodities, rose slightly on Monday, helped by increased rates across vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 5 points, or 0.4 percent, to 1,406 points. The index touched its highest in six weeks.The capesize index rose 50 points, or 2.1 percent, to 2,433 points.
Austal Rises on U.S. Contract Win
Shares of ship builder Austal Ltd rise as much as 4.6 pct to A$1.940.Austal said that it has a news contract from the U.S. Department of Defense to build two more Littoral Combat Ships (LCS), bringing the total new LCS orders booked in 2018 CY to four ships. Reportedly, the new award is under the congressional cost cap of $584 mlnSeparately, the Commonwealth Bank of Australia will fund Republic of…
Shipbuilding: Hurtigruten Hybrid Construction Forges Ahead
Norwegian company Hurtigruten, the world’s largest expedition cruise operator, is continuing to push the boundaries when it comes to green travel with its order for three hybrid-powered vessels nearing completion, the first ship being due for delivery in May 2019.Two of these revolutionary ships are currently under construction at the Kleven Yard in Ulsteinvik, Norway, the MS Roald Amundsen and its sister ship…
Maritime Autonomy: Sea Machines Gets a $10M Investment
While there remains much debate as to what an autonomous future looks like in the maritime sector, one company, Sea Machines, is helping to pace the field with product development, partnerships and investment.Sea Machines Robotics announced today that it had closed a $10 million Series A investment led by Accomplice VC, with participation from several corporate titans including Toyota AI Ventures; Brunswick Corp.…
Hurtigruten expands to Alaska
Hurtigruten is to expand Alaska sailings in 2020 by deploying new hybrid-powered MS Roald Amundsen in the region.The Norwegian expedition cruise specialist, who…
