Maritime Industry Top News
British Ports Association Launches Sustainable Development Resolution
The British Ports Association has published a sustainable development resolution, which commits to supporting the dual aims of a strong and healthy environment and…
Benetti Rolls-out Bond-inspired Superyacht Spectre
Spectre, the ninth James Bond-inspired yacht commissioned by John Staluppi, has been launched by Benetti in Italy.A company press release said that after “Quantum…
Shipbuilding: Oman Drydock CEO Aims to Triple Revenue by 2021
Said bin Homoud Al Maawali, CEO, Oman Drydock Company (ODC) means business when he aims to triple revenue by 2021, but it’s anything but business-as-usual at ODC. A neophyte to the shipyard world, he is a veteran business man with a long resume in multiple industries, a turnaround specialist. He sees potential at ODC, but bigger picture, he sees the shipyard as a means to help Oman broaden its business…
Shipbuilding: “We had shipyard for dinner …”
The Duclos family is iconic in boatbuilding circles, as the Somerset, Mass.-based Gladding-Hearn, Duclos Corporation, has built a strong heritage in the pilot boat and fast ferry sectors, and in total more than 425 vessels have been delivered since it was founded in 1955. Today a trio of second-generation siblings run the yard, brothers and co-presidents John and Peter Duclos with sister Carol Hegarty serving as CFO.
Swiss Utility in Talks to Buy LNG from Canada's Goldboro Project
Axpo, a Swiss utility and energy trader, said on Thursday it was in talks for a 10-year supply deal with a Canadian company planning to build a liquefied natural…
Top U.S. Trade Official Sees NAFTA 'breakthrough' in Days
U.S. Trade Representative Robert Lighthizer on Thursday said he hopes there will be a breakthrough in NAFTA trade talks in the next few days, as the U.S continues…
USACE Approves Mississippi River Channel Deepening
The US Army Corps of Engineers (USACE) Director of Civil Works signed a memorandum to the Assistant Secretary of the Army (Civil Works) requesting concurrence with…
Maersk Signs on to Help Clean up Ocean Plastic
Offshore services provider Maersk Supply Service has signed onto a project that aims to collect tons of plastic waste littering the world's oceans.In the comping months, the Denmark based firm will provide marine support to the Dutch nonprofit The Ocean Cleanup, which will install its first cleanup system in the North Pacific as part of the planet’s first large-scale initiative for collection of floating ocean-plastic debris.Global plastic production has risen steadily since the 1950s.
Davie Delivers LNG-powered Ferry
Canadian operator Société des traversiers du Québec (STQ) has taken delivery of MV Armand-Imbeau II, a new environmentally friendly, 92-meter-long ferry built by Chantier Davie Canada.The new vessel will operate on liquefied natural gas (LNG) fuel, enabling STQ - Québec Province ferries operator - to minimize the environmental impact of its operations. The decision is also in line with the Québec’s Maritime Strategy…
Blockchain Benefits Still Murky for Most Commodities Trading
Commodity firms and banks have been diving into blockchain pilot schemes over the last two years but the new technology's application for most trading has likely been over-hyped, a report by Boston Consulting Group (BCG) said.Blockchain, originally the platform behind cryptocurrency Bitcoin, is viewed by some as a solution to inefficiencies, improving transparency and reducing to the risk of fraud.
New Fuel Rules Push Shipowners to Go Green with LNG
Tough new rules on marine fuel are forcing shipowners to explore liquefied natural gas as a cleaner alternative and ports such as Gibraltar are preparing to offer upgraded refueling facilities in the shipping industry's biggest shake-up in decades.From 2020, International Maritime Organization rules will ban ships from using fuels with a sulphur content above 0.5 percent, compared with 3.5 percent now, unless they are equipped to clean up sulphur emissions.
DFDS Orders New Freight Ferry
DFDS has exercised an option to order an additional freight ferry (ro-ro) newbuilding from the Chinese Jinling Shipyard.Similar to the five previously ordered large capacity freight ferries, the newbuilding is designed to carry 6,700 lane meters of freight equivalent to around 450 trailers.The new ferries will increase DFDS’ operational efficiency in the route networks in northern Europe and the Mediterranean.The first two new ferries are expected to be received in the beginning of next year…
Another Ship Carrying US Soybeans Enters Dalian Port
A vessel carrying U.S. soybeans entered China's port of Dalian after sitting off coast since July 24, according to shipping data on Thomson Reuters Eikon on Thursday.The movement of the ship…
Boskalis Rethinks Loss-making Transport Operations
Boskalis will terminate loss-making transport activities at its offshore energy division, the Dutch marine and engineering company said on Thursday after posting lower than expected first-half earnings.A resulting one-off charge of 397 million euros ($451.6 million) pushed Boskalis to a net loss of 361.4 million euros, compared with a profit of 75.1 million euros in the first half of 2017. The consensus…
Yang Ming Orders Ten 2,800 TEU Containerships
Yang Ming Marine Transport Corp. (Yang Ming) signed a contract with CSBC CORPORATION, TAIWAN (CSBC) for the construction of a total of ten 2,800 TEU class full container vessels.
Konecranes to Deliver RTGs to Slovenia
The Port of Koper operator in Slovenia, Luka Koper d.d., has ordered five electric Konecranes RTG cranes. The cranes will be equipped with cable reels featuring…
Qatar Signs Pact to Expand Maritime Transport Sector
Qatar signed the Indian Ocean Memorandum of Understanding (IOMOU) on Portal State Control during its participation in the 21st Port State Control Committee Meeting held last week in Australia…
Genco Shipping & Trading Adds Two Vessels to its Fleet
Genco Shipping & Trading announced that it has taken delivery of the Genco Endeavour and the Genco Resolute, both of which are 2015-built 180,000 dwt Capesize vessels.The…
DryShips Sells Panamax Drybulker
Greece-based DryShips announced that it has entered into an agreement with an unaffiliated buyer for the sale of one of its 2001-built Panamax drybulk carrier.The…
Signs of Recovery in the US Gulf of Mexico
Today's U.S. auction of Gulf of Mexico exploration leases drew tepid response from oil companies, but marked notable progress for an industry still in a state of recovery.“While not a barn burner, Lease Sale 251 tops the previous Gulf sale in terms of increased participation, increased competition for offerings, and bid amounts,” said Randall Luthi, president of the National Ocean Industries Association (NOIA).
