Maritime Industry Top News
Rolls-Royce Acquires Electrically-assisted Charging Technology
Rolls-Royce said it has acquired from G+L innotec the exclusive rights of use for a new technology for the electrically-assisted charging of off-highway combustion…
Scorpio Buys Six Dry Bulk Ultramaxs
Scorpio Bulkers Inc. said it has reached a deal with an unaffiliated third party to acquire six Ultramax dry bulk vessels for $142.5 million. Of the six purchased…
Fincantieri to Build a Cruise Ship for Cunard
Fincantieri and Carnival Corporation & plc announced today the signing of a memorandum of agreement (MoA) for the construction of one next-generation cruise ship for luxury brand Cunard. The agreement will become operational when all the financial and technical conditions will be satisfied, the shipbuilder said. The ship will be built at the Monfalcone yard and join the Cunard’s fleet in 2022. The 113…
Great Lakes/Seaway Iron Ore Trade Rises in August
Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 6.7 million tons in August, an increase of 10.1 percent compared to a year ago, according to latest figures from the Lake Carriers’ Association (LCA). Shipments also bettered the month’s five-year average by 6.2 percent. LCA said shipments from U.S. Great Lakes ports totaled 6.3 million tons in August, an increase of 18 percent compared to a year ago.
ClassNK Lays Out R&D Roadmap
Classification society ClassNK has mapped out the details of its vision and goals for research and development projects over the next five years. ClassNK’s R&D Roadmap…
Bureau Veritas Joins Global Industry Alliance
At a ceremony in Singapore Bureau Veritas formally joined the Global Industry Alliance (GIA). The GIA was officially inaugurated on June 29 by IMO Secretary General, Mr Kitack Lim.
Man Medevaced from Chinese Research Vessel near Alaska
A man with a broken arm was medevaced from the Chinese research vessel Xue Long, 15 nautical miles from Nome, Alaska, Saturday morning. A smallboat crew from the U.S. Coast Guard Cutter Alex Haley embarked the man and transferred him to the Alex Haley for further transfer to Nome. Coast Guard District 17 command center watchstanders received a relay notification from a Coast Guard liaison to China…
Fincantieri Delivers Fourth of Eight Viking Newbuilds
The fourth of eight cruise ships Viking Ocean Cruises has ordered from Fincantieri has been delivered at the shipyard in Ancona. Viking Sun, as its sister ships…
Cosmo Oil to Boost Diesel Output to meet 2020 Ship Demand
Cosmo says considering adding units to process more heavy crude; looking to maximize diesel output at Sakai coker. Japan's Cosmo Oil plans to increase diesel output at its Sakai refinery in Osaka…
U.S. Oil Exports set to Take Off by 2022
Enterprise sees four-fold jump in U.S. crude exports by 2022. Crude oil exports from the United States will increase to meet 5 percent of global demand by 2022,…
FueLNG Completes First Commercial LNG Bunkering in Singapore
FueLNG, a joint venture between Keppel and Shell Eastern Petroleum (Pte) Ltd (Shell), has achieved the first commercial Liquefied Natural Gas (LNG) bunker transfer…
Radio Holland Renews Contracts with Algoma, CSL and ASC
Recently, Radio Holland Canada and Radio Holland USA celebrated the renewals of key airtime contracts on the Great Lakes with Algoma Central Corporation (ACC), The CSL Group (CSL) and American Steamship Corporation (ASC). Collectively, the three companies operate approximately 65 Lakers which include tankers, self-loading and conventional bulk carriers. The companies signed initial agreements with Radio Holland in 2007.
Australian Supply Crunch Squeezes LNG Exporters
Spot LNG exports in government's cross-hairs; ConocoPhillips, Origin, Shell now in the firing line. The Australian government on Monday warned that the country's…
China Launches World's Largest Bulk Carrier
China launched world's largest bulk carrier 'Ore Tianjin' in the port city Qingdao, east China's Shandong Province, reported China Daily. The mammoth ore ship, built…
South Korea to Build World's Largest LNG-Fueled Ship
In an effort to go green amid looming strict emission rules, South Korea will launch a pilot program to build the world's largest vessel powered by liquefied natural gas (LNG), reports Yonhap.
Iran, Kazakhstan to Establish Joint Shipping Company
Iran and Kazakhstan established a joint shipping company to boost trade, said the managing director of the Islamic Republic of Iran Shipping Lines (IRISL). Mohammad…
Cochin Shipyard Spreads its Wings
After successfully completing its initial public offer (IPO) recently, India's Cochin Shipyard Ltd (CSL) has lined up expansion projects. The IPO's proceeds will be utilised to fund these expansions.
India's Essar Plans Four LNG Terminals
Ruias-owned Essar Ports Ltd is exploring the possibility of setting up four Liquefied Natural Gas (LNG) terminals in joint ventures with other companies, reported Economic Times.
Total, Chevron Team up in Gulf of Mexico Oil Exploration
Total announced that its subsidiary, TOTAL E&P USA, INC., has entered into an agreement to capture seven prospects operated by CHEVRON U.S.A. INC. in the deepwater Gulf of Mexico.
PPP Investment in Port Tampa Bay
Port Tampa Bay approved a public-private partnership (PPP) agreement with four other entities to divvy up who will pay for a $60 million widening and extension of the Big Bend Channel.
