Maritime Industry Top News
Crowley Logistics Adds 400 New Reefer to its Fleet
Florida-based Crowley Logistics has added 400 new refrigerated (reefer) cargo containers to its industry-leading equipment fleet just in time for the peak perishables…
Kolkata-Patna: India's Second Inland Container Cargo Sector
Patna, capital of Indian state of Bihar, will witness a new landmark in the country’s Inland Water Transport (IWT) sector with 16 TEUs of container cargo (equivalent to 16 truckloads)…
The Tipping Point: U.S. Exports more Oil than it Imports
The United States last week exported more crude oil and fuel than it imported for the first time on record, underscoring the nation's growing influence as a supplier of oil to the world.Exports of crude surged in the week to Nov. 30 to more than 3.2 million barrels per day, the U.S. Energy Information Administration said on Thursday.When adding in all imports and exports of crude and refined products, for the week the U.S.
Southwest Alaska Pilots Take Delivery of Gladding-Hearn Pilot Boat
The Southwest Alaska Pilots Association has taken delivery of a new pilot boat from Gladding-Hearn Shipbuilding, Duclos Corporation. The vessel was delivered to Fort Lauderdale, where it was loaded on a ship bound for the West Coast.With a length overall of 75.7’, beam of 20.6’ and draft of 3.11’, the all-aluminum pilot boat features the Ray Hunt-designed Deep V hull. It is powered by twin Cummins QSK38-M1…
ESVAGT Eyes Arctic Opportunities
Offshore vessel owner ESVAGT says it has set its sights on growth opportunities in Arctic regions where an uptick in oil and gas production is expected in coming years. In the Barents Sea, for example, the Norwegian Petroleum Directorate as recently as 2017 updated its evaluation of the area’s oil and gas reserves to over 17 billion barrels, a doubling compared to prior estimates.ESVAGT says it possesses…
ABS, KOMERI Collaborate on Safety of LNG as a Fuel
ABS signed a Memorandum of Understanding (MOU) with the Korea Marine Equipment Research Institute (KOMERI) to create a new facility dedicated to improving the safety of LNG as fuel.ABS and KOMERI will collaborate on research at the shoreside facility, which will allow shipowners to safely test fuel gas and bunkering systems, under actual loading conditions, prior to installation onboard.“ABS is proud to partner with KOMERI on this important facility…
SCA Honors Former President George H.W. Bush
The Shipbuilders Council of America (SCA), the national trade association representing the U.S. shipyard and repair industry, honors the life and legacy of President George H.W. Bush, a true American hero.Matthew Paxton, President of SCA remarked, “President George H.W. Bush’s life was built on a foundation of loyalty and service to his nation. When Pearl Harbor was attacked by the Japanese during the Second World War, George H.W.
Nordea to Boost Finance for LNG Shipping
Nordea Bank aims to increase shipping finance activities to the growing liquefied natural gas (LNG) industry, executives at one of the world's biggest shipping financiers said.China's crackdown on pollution and its growing demand for more environmentally friendly sources of power, such as LNG, are boosting demand for ships to transport the fuel."We would like to expand the portfolio and there are certain segments that we would like to expand in.
The Top 10 Maritime Stories for 2018
Choosing the ‘top stories of 2018’ was, this year, a difficult task. Many compelling story threads played out, dramatically impacting the North American waterfront…
HMD Wins $77m LNG Shipbuilding Deal
Hyundai Mipo Dockyard (HMD) became Korea’s first shipbuilder to win an order for a small-to-medium-sized liquefied natural gas (LNG) carrier from a foreign shipping company…
Baltic Index Gains on Stronger Broad Demand
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for the third straight session on Thursday, supported by strong demand across vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 43 points, or 3.3 percent, to 1,339 points.The capesize index rose 8.1 percent, or 155 points, to 2,080 points.
Yamal LNG Fills-up 100th Tanker
Novatek’s Yamal LNG plant in the Russian Arctic has shipped its 100th tanker-load – bringing the total volumes shipped by the plant to 7.4 mt since it entered operations…
ClassNK Opens New Survey Office in Italy
Leading classification society Nippon Kaiji Kyokai, also known by the brand name 'ClassNK', has opened a new exclusive survey office in Reggio Calabria, Italy with operations beginning 5 December…
AET Tankers Intros New LNG Dual-Fuelled Twins
Malaysian-owned global shipping company announced that it had named its first LNG dual-fuelled aframax vessels, Eagle Brasilia and Eagle Bintulu, built by Samsung…
Europe Small Scale LNG Market to Grow by 11.8% to Reach USD 6.58 bln
The demand for Europe small scale LNG market is projected to grow from 1.9 billion Euros in 2020 to 5.8 billion (USD 6.58 bln)Euros by 2030, while actuating at an…
LANL Releases New Sea-Ice Computer Model
Los Alamos National Laboratory (LANL) with several collaborating groups released an update for an internationally vital sea-ice computer model, called CICE version 6.0…
Guangzhou Launches World's First Icebreaking LNG Tanker
The world's first liquid natural gas (LNG) carrier tanker was named 'Boris Sokolov' and delivered by Guangzhou Shipyard International in Guangzhou City.According to Chinese state media…
DSME Bags $370 mln Order for 2 LNG Carriers
The world's second-largest shipbuilder by orders Daewoo Shipbuilding & Marine Engineering Co (DSME) has clinched a US$370 million deal to build two LNG carriers.A…
Equinor, Faroe Petroleum in Asset Swap
Britain's Faroe Petroleum has agreed to swap oil and gas fields with Norwegian state firm Equinor as it fights a hostile takeover from Norwegian oil and gas operator…
Scrubber Manufacturers Slams Singapore Open-Loop Scrubbers Ban
Exhaust Gas Cleaning Systems Association (EGCSA) has attacked Singapore's restrictions on open-loop versions of the systems as "disappointing" and "politically motivated."The…
