Maritime Industry Top News
Canada PM Warns of Market Disruption from US Steel Tariffs
Canada's Prime Minister Justin Trudeau said on Friday any U.S. tariffs on steel and aluminum imports would cause significant disruption to markets on both sides of the border, but he was confident his government could defend the industry. "Any disruption to this integrated market would be significant and serious. But that is why we were impressing upon the American administration the unacceptable nature…
EXMAR’s New VLGCs to Run on LPG
Two very large gas carrier (VLGC) newbuildings being constructed for Belgian owner EXMAR will be equipped with main engines that will use liquefied petroleum gas (LPG) as fuel.
Baltic Index Lifted By Firmer Capesize Rates
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, gained nearly 1 percent to rise for a third straight session on Friday, driven by firmer rates for capesize vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 11 points, or 0.92 percent, at 1,207 points, highest since Jan. 29. It gained 1.9 percent this week, rising for the second straight week.
Rolls-Royce Propulsion for New Hong Kong Fast Ferries
Rolls-Royce said it has been contracted to deliver Kamewa waterjet propulsion units and MTU engines for three 42m high-speed, lightweight carbon fiber ferries for operation between Hong Kong and Guangzhou, China. The vessels will be built at the Brødrene Aa shipyard in Norway. The same shipyard has also ordered Rolls-Royce propulsion for two similarly-sized ferries to serve routes in the north of Norway.
Luxury Yacht Seized in Money Laundering Probe
Indonesian police on Thursday questioned the captain and crew of a luxury yacht in Bali at the request of U.S. authorities, probing alleged money laundering at a Malaysian state fund, they said. The yacht was impounded in Bali on Wednesday amid a multi-billion dollar corruption investigation launched by the U.S. Department of Justice (DOJ) and tied to Malaysian state fund 1Malaysia Development Berhad (1MDB). Police seized the yacht, Equanimity, after receiving a letter on Feb. 21 from the U.S.
Grand Bahama Shipyard Names Skentelbery CEO
Grand Bahama Shipyard announced today that its acting chief executive officer David Skentelbery will assume the role of CEO following approval from the ship repair yard’s board of directors. Skentelbery has been with the company since January 2016, initially as chief commercial officer and more recently as acting CEO. Skentelbery has worked in the marine industry for more than 40 years and has served…
Adm. Zukunft Highlights USCG’s Successes and Challenges
In his final State of the Coast Guard Address, Adm. Paul Zukunft outlined the diverse successes and ongoing challenges facing the smallest branch of America’s military. Zukunft, who has served as commandant of the U.S. Coast Guard since 2014, delivered his fourth State of the Coast Guard Address on Thursday at the National Press Club in Washington, D.C. The outgoing commandant, set to retire June 1…
North Sea Forties Crude Sailings Resume
Loadings of Forties crude at Hound Point terminal in Scotland have resumed, a spokesman for Ineos, operator of the Forties pipeline, said on Friday. "At the moment…
Shipping e-Solutions to Power Efficiencies at Evergreen
Evergreen Launches New Electronic Documentation Function in Partnership with Bolero International. Evergreen Line introduces paperless Bill of Lading (B/L) and dispatch…
First LNG Export Cargo Departs Cove Point LNG
The Gemmata liquefied natural gas tanker left Dominion Energy Inc's Cove Point LNG export facility in Maryland early Friday, likely carrying the first export cargo…
Deltamarin Bags Ro-pax Design Contract
Deltamarin Ltd has signed a contract with Chinese Guangzhou Shipyard International Co, Ltd (GSI) for consultancy and engineering services for the DFDS ro-pax ferries.
Cargo Ships Slow Transits to Curb Emissions, Protect Whales
Partners in an initiative to cut air pollution and protect whales have announced results from the 2017 program and publicly recognized the 11 shipping companies who participated…
Logistec Acquires Gulf Stream Marine
Logistec Corporation announced the expansion of its network of terminals through the strategic acquisition of Gulf Stream Marine. This transaction will allow Logistec…
Triyards Loses Shipbuilding Contract
Cash-strapped shipbuilder Triyards Holdings Limited has received a termination notice for a chemical tanker design and construction deal. The Singapore-based yard…
Ethiopia Acquires 19% Stake in DP World Berbera Port
United Arab Emirates-based maritime conglomerate DP World has announced that Ethiopia will become a shareholder of the Port of Berbera in Somaliland, a crucial site for Middle Eastern trade…
Rotterdam to Host ESPO Conference
European Sea Ports Organisation (ESPO) organises its 15th Annual Conference in Rotterdam on 31 May-1 June 2018. ESPO members, policy makers and stakeholders are…
SEA\LNG Ties with Two More Japanese Members
SEA\LNG, the industry coalition aiming to accelerate adoption of liquefied natural gas (LNG) as a marine fuel, has added two more Japanese members: "K" LINE Group and Uyeno Group.
Diana Containerships Sells Sagitta and Centaurus
Diana Containerships announced that it has signed, through two separate wholly-owned subsidiaries, two Memoranda of Agreement to sell to an unaffiliated third party…
Global Ship Lease Acquires 2,800 TEU Containership
UK-based containership charter owner Global Ship Lease announced that it has agreed to acquire a 2005-built, 2,800 TEU containership for a purchase price of USD 11.3 million.
Trump's Steel Import Tariffs May Hurt US LNG Exports
U.S. natural gas trade groups said on Thursday they are concerned that new U.S. steel import tariffs could delay or reduce new pipeline projects as well as dent exports of liquefied natural gas. U.S. President Donald Trump said on Thursday the United States will impose tariffs of 25 percent on steel imports and 10 percent on imported aluminum next week. The type of pipe and the steel used to make large diameter…
