Maritime Industry Top News
Damen’s RSD Tug 2513 Nominated for KNVTS Award
Damen’s radical new ‘always bow first’ RSD Tug 2513 has reached the final stage of this year’s prestigious Maritime Award KNVTS Ship of the Year prize. As one of the last three entrants in contention for the award, the Damen RSD Tug 2513 will be judged on a range of criteria including its design, safety, economy, durability and construction process, and the winner will be announced at the Gala Dinner…
Lakes Limestone Trade Dips
Shipments of limestone on the Great Lakes totaled 3.4 million tons in October, a decrease of 7.5 percent compared to a year ago, the Lake Carriers' Association said. Limestone cargos also trailed the month’s five-year average by 4.6 percent.Loadings from U.S. quarries totaled 2.8 million tons, a decrease of 6 percent. Shipments from Canadian quarries totaled 568,000 tons, a decrease of 14.6 percent.Year-to-date the limestone trade stands at 24.2 million tons…
Maersk Ousts Danske Bank Chairman after Scandal
Danske Bank's largest shareholder, the Maersk family, has ousted the lender's chairman after a money laundering scandal that has also forced out its chief executive.A.P.
DNV GL certifies Ingeteam’s 2MW DFIG converter
Ingeteam, a leading supplier of electrical conversion equipment, has announced that it received DNV GL’s certification for its IngeconWind stator-equipped 2MW DFIG converter. With this latest achievement, Ingeteam completes the range of its products covered under DNV GL certification, such as the medium voltage full power converters and the statorless DFIG converters; and demonstrates its ability to…
Pirate Attack Thwarted West of Yemen
On November 3 the Stena Imperial reported a suspected pirate approach while on northbound passage through the Red Sea west of Yemen on her way from Far East to Rotterdam for discharge.Two suspicious skiffs were found approaching Stena Imperial from the port side at a distance of 1.5 nautical miles. The alarm was raised and the Master and the on board security team mustered on the bridge. Hand flares…
Aegean Marine Files for Chapter 11
Aegean Marine Petroleum Network Inc. announced Tuesday that it has filed for chapter 11 bankruptcy protection as the New York listed marine fuel supplier is being…
SubM: The Coast Guard IS Still an Option
Not all towing vessel companies are choosing Third Party Organizations (TPOs) for their Subchapter M compliance option. One size does not fit all.Under Subchapter M, towing vessel companies may opt to use TPOs to conduct their audits and surveys instead of inspections by the Coast Guard. While many companies are going the TPO route, many are opting for traditional Coast Guard inspections.As a retired Coast Guard marine inspector, I have always advocated the Coast Guard option to our clients.
Korea's Shipbuilders Rise on Country's Top Ranking for Orders
Shares of South Korean shipbuilding companies jump, boosted by the country's tally of orders in January to October as well as a positive outlook for the sector.outh Korea's volume of orders in Jan-Oct ranked the highest, with the country securing about 45 pct of total orders, according to industry sources citing the lastest data from Clarksons Research.South Korea is expected to remain the top ranked for ship orders this year as it exceeds No. 2 China at 31 pct, according to the report.
Philly Shipyard Q3 EBITDA Turns To Loss Of $28.9 Million
The U.S.-based shipbuilder reported operating revenues and other income for Q3 were USD $26.5 million, compared to USD $200.8 illion in Q3 2017.The firm also forecast that the ongoing Matson vessel newbuilding projects would be a loss making project.The firm further expects that it will suffer significant losses in 2018 and 2019.Ongoing WorkHull 029 production activities continue to progress in the Commissioning Dock and sea trials are expected to occur next month.
Spanish Coast Guard: 17 Migrants Perish in Western Med
At least 17 migrants died in the space of 24 hours while trying to cross the sea from North Africa to Spain, and rescuers picked up more than 100 others, the Spanish…
Fincantieri to Establish Cruise Hub in China
The cruise shipbuilder Fincantieri has signed contracts with the Shanghai City’s District of Baoshan to set up a cruise hub."At the presence of the Deputy Prime…
NKT Confirms Moray East Offshore Contract
Global energy sector supplier NKT has confirmed turnkey order for Moray East offshore wind farm project."NKT has signed a Preferred Bidder Agreement (PBA) for delivery…
Deutsche Windtechnik Goes to Taiwan with Yunlin Deal
German wind turbine servicing company Deutsche Windtechnik AG said it is creating a subsidiary in Taiwan where the company will service Wpd’s 640-MW Yunlin offshore…
Golar FSRU Golar Freeze Lined Up for Jamaican Project
Norwegian shipping company Golar LNG Partners is deploying a floating storage and regasification unit (FSRU) to Jamaica for up to 15 years from the fourth quarter…
Samjin Shipbuilding to Deliver Christiane Oldendorff Soon
Dry bulk shipping firm Oldendorff Carriers said that the bulk carrier newbuilding MV “Christiane Oldendorff” (charter name “Midland Trader”) of 36,000 tdw will be…
Kosmos Energy, Shell Form Alliance
Oil and gas exploration and production company Kosmos Energy said that it has entered into a strategic alliance with Shell Exploration Company B.V. to jointly explore…
AtoB@C Shipping Acquires Dry Cargo Carrier
The Swedish shipping company owned by Aspo's ESL Shipping, AtoB@C Shipping has acquired a 4,100 dwt dry bulk carrier of ice class 1A built in 2000. Previously, AtoB@C…
First LP-SCR System Successfully Completed in M/V Southern Pearl
The first commercial Low Pressure SCR system (LP-SCR)system from Japan Engine Corporation (J-ENG) has entered service onboard a major Singaporean container lines…
LNG Trade to Increase by 10% in 2020
Dominated by new U.S. volumes, liquefied natural gas (LNG) trade is expected to increase by 10 percent per annum from 290 million tons in 2017 to around 388 million tons in 2020…
FLNG Hilli Episeyo Operates in Full Capacity
Golar LNG Limited confirmed that FLNG Hilli Episeyo continues to operate with 100 percent commercial availability.Currently in the process of exporting its 10th LNG cargo…
