Maritime Industry Top News
Unfair Reporting on Piracy, Says Nigeria
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has called on the International Maritime Bureau (IMB)…
Navios Maritime Acquires Box Ships
Monaco-based container shipping company Navios Maritime Containers announced that it agreed to acquire two 2010-built, 4,360 TEU containerships for $23.6 million…
'HawkEye' on Suspicious Ships
HawkEye 360 has launched its first cluster of three, formation-flying small satellites aboard a SpaceX Falcon 9 rocket.The Radio Frequency (RF) data analytics company…
Maersk to Cut Carbon Emissions to Zero by 2050
The world's largest container shipping company A.P. Moller -Maersk has pledged to cut net carbon emissions to zero by 2050.The Danish business conglomerate with activities in the transport…
Scorpio Tankers' EGSS Order Goes to Pacific Green
Pacific Green Marine Technologies (PGMT) will manufacture its ENVI-Marine Exhaust Gas Scrubbing System (EGSS) for 52 vessels owned or managed Scorpio Tankers.Two days ago…
IOC: 5-year Tender on Scrubber-fitted Tankers
Indian Oil Corp (IOC) issued a global tender to charter scrubber-fitted oil tankers for at least five years to import Iraqi oil, a tender document seen by Reuters…
Arlen "Benny" Cenac Jr.: Navigating a Different Course Line, Making a Difference
Cenac Marine Services and its dynamic, third generation leader, Arlen “Benny” Cenac Jr., continue to flourish, in good times and bad. Through it all, leadership…
AAPA: U.S. Ballast Water Legislative Victory Appears Imminent
Legislation that sets standards for incidental water discharges from vessels passed the House on Nov. 29.The Frank LoBiondo Coast Guard Authorization Act of 2018, S. 140, which includes the Vessel Incidental Discharge Act (VIDA), passed the Senate two weeks earlier and now moves to the President to be signed.The provision places the U.S. Environmental Protection Agency (EPA) in the lead role of establishing standards for ballast water discharge, and the U.S.
Interview: Admiral Karl Schultz, Commandant, United States Coast Guard
Maritime Reporter & Engineering News was offered the opportunity to interview Admiral Karl Schultz, the 26th Commandant in the history of the United States Coast Guard, in his office in Washington, DC. Just five months into his tenure, his plate is predictably full with a number of challenges, including: Attracting and retaining future U.S. Coast Guard personnel; addressing a number of assymetric threats…
Prelude FLNG to Start Producing at End-2018
Royal Dutch Shell expects production at its Prelude floating liquefied natural gas (LNG) unit to start at the end of the year, a spokeswoman told Reuters on Tuesday."We continue to progress Prelude towards operations, with safety and quality being our main focus ... We expect to see production around the end of the year," she told Reuters in an emailed statement.Prelude - which will process natural…
Baltic Index Snaps 4-day Losing Streak
The Baltic Exchange's main sea freight index, tracking rates for ships transporting dry bulk commodities, marked its first gain in five days on Tuesday, helped by firmer rates across vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 34 points, or 2.8 percent, to 1,237 points.The capesize index snapped four straight sessions of losses and gained 6.2 percent, or 101 points, to 1,739 points.
MBL's Fuels Assurance Platform now being tested
Maritime Blockchain Labs has announced the real-world testing phase for technology solution that enhances traceability and trust in bunker fuel supply chain. Maritime Blockchain Labs (MBL), a partnership set up between Lloyd’s Register Foundation and BLOC to explore the use of blockchain for the assurance and safety of critical infrastructure and drive new business models for the global maritime industry…
Rising Ship Supply Eases LNG Charter Rates
Limited availability drove LNG shipping rates to highs; but prices now falling as more ship supply becomes available.Inflated spot charter rates for liquefied natural gas (LNG) tankers are easing as more ships becoming available, which could help increase LNG trade if Asian demand rises in coming months.LNG charter rates are a key component of spot LNG trade, dictating the way the super-cooled gas is transported.
ABB Enables Remotely Operated Ferry Trial
Ice-class passenger ferry Suomenlinna II was remotely piloted through test area near Helsinki harbor, proving that human oversight of vessels from anywhere is achievable with today’s technologies.With this historic trial in the Finnish capital’s port last week, ABB and Helsinki City Transport took the next step in autonomous shipping. In the remote trial, the world’s first for an existing passenger ferry…
Iran Pushes Back on U.S. Sanctions
If Iran can not export oil then no country will export oil from the Gulf - Iran president.America should know that if Iran can not export oil then no country will export oil from the Gulf, Iranian President Hassan Rouhani said on Tuesday in a speech broadcast live on state TV.U.S. officials have said they intend to reduce Iran's oil exports to zero in an effort to curb the Islamic Republic's missile program and regional influence.Reporting By Babak Dehghanpisheh
Fitch Ratings: Demand Risks Weigh on Global Shipping Sector Outlook
The global shipping sector outlook remains negative reflecting the demand-side risks of protectionism and slower economic growth, Fitch Ratings says. Higher fuel costs and sulphur regulation will also put pressure on shippers.Partly offsetting an unfavourable environment are emerging signs of better capacity management by shipping companies, which is key to a sustainable balance and freight rates that support consistent profitability.
Avic Dingheng Shipyard Delivers LNG Vessel to Sirius Shipping
Swedish shipping company Sirius Shipping Sirius Shipping has taken delivery of its first 7999-dwt LNG-ready oil/chemical tanker Saturnus from the Avic Dingheng…
DHT Holdings Bets on Scrubbers
Bermuda-based crude oil tanker company DHT Holdings plans to fit exhaust gas cleaning systems on two thirds of its very large crude carriers (VLCCs) to comply with…
Siemens Gamesa Firms Belgian Offshore Wind Project
Spanish wind turbine manufacturer Siemens Gamesa Renewable Energy (SGRE) received the order for the 487 MW SeaMade offshore wind power project in Belgium from customer…
Enquest Acquires Remaining Stake in Magnus
United Kingdom-based petroleum exploration and production company Enquest said it had completed the acquisition of the remaining 75% stake in Magnus, an additional…
