Maritime Industry Top News
Aerial Drones Take Flight in Maritime
Flights of Fancy? No longer a pipe dream, aerial drones find a home in maritime. Price Waterhouse Cooper estimates the global commercial drone market at $127 billion. Shipyards, offshore wind-farm developers, cruise lines, blue water cargo agencies, maritime marketing departments, first responders, admiralty lawyers, shore-to-ship package couriers, insurers, classification societies, salvors, container…
Marine Finance for Brown Water Operators
A primer for navigating the ‘ups and downs’ of marine money for domestic stakeholders. Vessel financiers are resourceful and adaptable to changing markets. On the domestic side, financiers of Jones Act and “brown water” assets have continued to serve their customers through shifting shoals in both broader capital markets and in the marine markets – both known for their ups and downs. Marine finance can take many forms.
Newbuild Rescue Vessel Bound for Breagh Field Deployment
A new multi-role emergency response and rescue vessel (ERRV) built by Aberdeen-based Sentinel Martine as part of a £110 million ($145 million) investment has been deployed to operations in the southern North Sea. Forties Sentinel was officially named at a ceremony in Great Yarmouth. Forties Sentinel has been contracted to INEOS Breagh to provide support for the firm’s production facilities in the Breagh gas field.
IMO Contests ‘Corporate Capture’ Report
International Maritime Organization (IMO) Secretary-General Kitack Lim issued a statement refuting a report recently published by U.K.-based InfluenceMap that accuses shipping industry organizations of lobbying to obstruct environmental regulations at the IMO. “Recent media reports have questioned the transparent, inclusive approach adopted by all stakeholders with an interest in addressing the threat of climate change through the IMO…
Havila Shipping Sells AHTS Duo
Norway-based Havila Shipping ASA has entered into agreements for sale of the AHTS vessels Posh Vibrant and Posh Virtue. The vessels are expected delivered to new owner during first part of November.
Hess Corp Sells Offshore Equatorial Guinea Assets
Hess Corporation has entered into an agreement to sell its interests in offshore Equatorial Guinea to Kosmos Energy and Trident Energy for a total consideration of $650 million…
Navibulgar Orders Up to Six Bulkers
Bulgarian ship owner Navigation Maritime Bulgare (Navibulgar) confirmed the building of another two high-efficiency up-to-date 45000t bulk carriers. This deal is…
Theodore Roosevelt Carrier Strike Group Enters 7th Fleet
The Nimitz-class aircraft carrier USS Theodore Roosevelt (CVN 71) and the Theodore Roosevelt Carrier Strike Group (TRCSG) entered the U.S. 7th Fleet area of operations (AOO) Oct.
DP World Reports 13.5% Container Volume Hike in Q3
DP World Limited handled 52.3 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first nine months of 2017, with…
Abandon Requirement of Shipping in EU's Emissions Trading System
The European Parliament and the EU Member States still have not reached an agreement regarding the EU's Emissions Trading System, EU ETS. European shipping is therefore…
Indian Naval Ship Sukanya at Indonesia
In pursuance with India’s ‘Act East Policy’, Indian Naval Ship Sukanya under the command of Commander SA Deodhar, NM arrived at Belawan Indonesia on 24 October 2017…
New Ferry Marks a Milestone for Incat Crowther
The latest passenger ferry constructed by Gladding-Hearn Shipbuilding for Massachusetts Bay Transit Authority signals a milestone delivery for marine design firm Incat Crowther.
Earliest Known Marine Navigation Tool Found
State-of-the-art laser scanning technology has helped researchers to confirm that an artifact recovered from the wreck of a sunken 15th century ship in the Indian Ocean is the earliest known marine navigation tool. When the Blue Water Recovery team found the object in 2014, they believed it was an astrolabe used by mariners to measure the altitude of the sun during voyages, but they were not certain as there were no visible navigational markings.
Bulk Carrier Crew Rescues Three off Costa Rica
The crew of bulk carrier Navios Sagittarius came to the rescue of three people in the water approximately 33 miles off the coast of Costa Rica on Tuesday, October 17, 2017.
Empire State VI Returns from Puerto Rico
SUNY Maritime College’s training ship has returned to campus Tuesday after nearly two months aiding hurricane relief workers in Florida and Puerto Rico. The ship Empire State VI was used to provide power, housing, food and water to emergency relief workers, first in Florida following Hurricane Irma, then in Puerto Rico after Hurricane Maria. Empire State VI is owned by the Maritime Administration, a branch of the U.S.
Vopak Launches Concurrent Bunkering Services in Singapore
Vopak, the world's largest independent storage tank operator, has launched a new service that allows tankers docking at its Singapore Sebarok oil terminal to refuel…
Fiat Chrysler Sues Shippers over Alleged Price Fixing
The automaker wants the Federal Maritime Commission to order payments from Wallenius Wilhelmsen Logistics AS and its sister company EUKOR Car Carriers Inc, Nippon Yusen Kabushiki Kaisha, Mitsui O.S.K. Lines Ltd, Compania Sud Americana de Vapores, Hoegh Autoliners AS and affiliated companies. Fiat Chrysler filed its complaint on Oct. 17. All but one of the shippers sued by Fiat Chrysler pleaded guilty and admitted to price fixing as part of a Justice Department investigation.
Pirates Kidnap Crew from Containership in Nigerian Waters
Six crew from a German container vessel have been kidnapped in Nigerian waters, a shipping company said on Tuesday. Four of those taken are Filipino, and one is a Ukrainian national, according to the Philippines department of labor and Ukrainian foreign ministry. Kidnapping for ransom is a common problem in parts of Nigeria. A number of foreigners have, in the last few years, been kidnapped in the Niger Delta, source of most of the crude oil which is Nigeria’s economic mainstay.
Ship of the Month: October 2017
More than three years after completing the first outline sketches, Spanish naval design and architecture firm Oliver Design has completed outfitting the interiors for the Bima Suci, the Indonesian navy’s new sail training ship. This spectacular vessels is one of the largest tall ships in the world and measures 364 x 44 ft. with a 14.8 ft. draft. Built at Freire Shipyards in Vigo, Spain, the new training ship sports 36,200 sq. ft.
Data Analytics in the Maritime Space
Ship owners and operators, machinery OEMs and regulatory entities are embracing much needed technological innovation as demand grows in protecting machinery and communications on maritime assets. Cognitive analytics is a game-changing technology that is now more widely available to the maritime sector. This is the latest evolution of data analytics: from the “days of yore” of logging data in a logbook…
