Maritime Industry Top News
Tug, Switcher Engine Upgrades Offer Most Cost-Effective Options
Clean diesel technology upgrades for large tug and switcher locomotive engines cost only $4,379 to $15,201 per ton of nitrogen oxides (NOx), compared to more than $30,000 per ton of NOx for many other diesel emission reduction projects. The Diesel Technology Forum (DTF) and the Environmental Defense Fund (EDF) has released a report documenting the significant emission reduction benefits that can be…
Baltic Index Gains On Higher Panamax, Supramax Demand
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday as stronger demand for panamax and supramax vessels offset a fall in capsize rates. The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, was up 6 points, or 0.5 percent, at 1,197 points. "In the dry bulk market, capesize rates are continuing to slide as the Atlantic remains relatively quiet…
Mexico Slaps Tariffs on Chinese Steel Pipe for 'Unfair' Pricing
Mexico's economy ministry said on Thursday it formally imposed anti-dumping duties on imports of carbon steel pipe from China after completing an investigation into "unfair" trade practices. The action came the same day U.S. President Donald Trump was set to announce tariffs on steel and aluminum imports to the United States in a bid to counter cheap imports, especially from China. Mexico's investigation of Chinese steel pipes predated Trump's tariff plan…
Indiana's Burns Harbor Plans for More Growth
The Port of Indiana-Burns Harbor completed a landmark year in 2017 and is poised for significant future growth as a result of several historic developments. In addition to handling an 8 percent increase in cargo shipments in 2017, the port doubled the size of its bulk terminal, attracted a nationally-renowned stevedore in Metro Ports, handled its most valuable cargo ever, and announced a $20 million…
ABB Wins Total Solution For Polar Newbuild
ABB will deliver a comprehensive scope of power, automation, propulsion and digital solutions for the new Lindblad Expeditions Holdings, Inc. vessel that will take passengers on exploration cruises in remote polar areas. Designed with a focus on safety, environmental sustainability and comfort, this ice-going vessel will be equipped with ABB’s power and automation solutions, as well as two Azipod DO propulsion units.
MJP Employs Marketing Manager
Marine Jet Power (MJP) has welcomed Kelsey Nemeth to the MJP team. In her role, Kelsey will be responsible for overall brand development and marketing initiatives worldwide. Kelsey most recently served as Marketing Coordinator for Brunswick Commercial & Government Products, where she was responsible for developing and executing all corporate marketing efforts. Prior to Brunswick, she worked in the aviation industry where she gained insight into consumer and digital marketing strategies.
AAPA Letter Sent to House & Senate Appropriators
On tuesday, March 6th, the Ammerican Association of Port authorities (AAPA) sent a letter to House and Senate Appropriators, urging them to increase the spending plan for the U.S.
Frank Coles Delivers Keynote at the Transas Global Conference
You know if Elon Musk was to attend a plenary session of the IMO, he could be forgiven if he thought he was watching a reenactment of the Charles Dickens book Hard Times, with Mr.
Two Incat Crowther Ferries join Ultramar
Incat Crowther has delivered City Jet 1 and City Jet 2. The 28m Passenger ferries are part of a six vessel new build program for the Cancun-based operator, Ultramar.
NYK, JMU Develop Highly Efficient Propeller
Nippon Yusen Kabushiki Kaisha (NYK), MTI Co. Ltd., and Japan Marine United Corporation (JMU) have successfully developed a highly efficient propeller by analyzing…
Steel, Aluminum Tariffs a 'Bad Idea' -Morgan Stanley CEO
Morgan Stanley's top executive said on Wednesday that potential tariffs on steel and aluminum that U.S. "The biggest issues this country faces are not trade deficits, they're fiscal deficits," Chief Executive Officer James Gorman told CNBC. Gorman said that imposing tariffs on a country or ally that the United States sells a lot of goods to is not the "best way to move forward." He added that there may be retaliation from other countries due to the tariffs.
Ex-Petrobras CEO Bendine Convicted of Corruption in Brazil
Aldemir Bendine, the former chief executive of state-controlled oil firm Petroleo Brasileiro SA and Banco do Brasil, was found guilty on Wednesday of corruption…
Port Hedland Iron Ore Exports to China Fell 10% in February
Iron ore shipments to China from Australia's Port Hedland terminal fell nearly 10 percent in February to 31.3 million tonnes, down from 34.7 million tonnes a month earlier, port data released on Thursday showed. Overall August iron ore shipments from the world's biggest export terminal for the steelmaking raw material fell to 38.5 million tonnes in February from 41.1 million tonnes in January, according to the Pilbara Ports Authority.
MH370 Report to Be Released after Latest Search Ends
The full investigation report into the disappearance of Malaysia Airlines flight MH370 will be released after the latest search efforts are completed, officials said on Thursday, four years after the aircraft first went missing. Flight MH370, carrying 239 people onboard, became one of the world's greatest aviation mysteries when it disappeared on its way from Kuala Lumpur to Beijing on March 8, 2014. Malaysia agreed in January to pay U.S.
Oil Platform Fire near Corpus Christi Put Out
The United States Coast Guard said a fire on a Magellan-owned oil platform about three miles offshore of Corpus Christi, Texas on Wednesday afternoon has been put out. No one was aboard the platform at the time of the fire and a response boat crew reported that it was out at about 6:30 p.m., the coast guard said in a statement. The cause of the fire is under investigation, the agency said. (Reporting by Arpan Varghese; Editing by Stephen Coates)
Fatal US Destroyer Collision Caused by 'Sudden Turn' -Singapore
A U.S. guided missile destroyer's deadly collision with an oil tanker near Singapore in 2017 was caused by "a sudden turn" made by the warship that put it in the path of the commercial vessel, said a report by the Singapore government on Thursday. The collision on Aug. 21, which killed 10 sailors and was one of a handful of incidents in the Asia Pacific region involving U.S. Navy warships, raised questions about Navy training and led to the removal of a number of officers.
DNV GL: Digital Journey in Virtual Reality
Digitalization and advanced technology solutions are the center of DNV GL's efforts to keep ships safe and help customers enhance the efficiency of their assets. To showcase this vision, DNV GL developed a virtual reality (VR) presentation, which shows how the company is pushing ahead with a digital transformation to improve the quality and efficiency of its services, as well as the emerging solutions which will take class into the future.
GulfNav Raises Funds for Expansion
Dubai-based Gulf Navigation Holding’s board has approved the trading of rights issued in February 2018 to the company’s existing shareholders, without publicly offering the remaining shares.
Douala Cameroon, Antwerp Join Hands
The ports of Antwerp and Douala in Cameroon are to collaborate closely with each other over the next five years. The collaboration agreement was signed on Wednesday…
North Rhine-Westphalia, Port Authority Make Start on Port Agreement
The state of North Rhine-Westphalia (NRW) and the Port of Rotterdam Authority will be working together to further optimise logistics connections between Europe’s…
