Maritime Industry Top News
Damen Launches Free Dredge Calculator
Dredge projects are tendered around the globe on a daily basis. Consequently, dredging contractors have to make new calculations, involving various production parameters, when preparing project quotations. Damen has introduced an online dredge job calculator to unburden contractors of this time-consuming, and therefore costly, tasks. For every dredging job, whether it is a maintenance dredging, sand dredging or capital dredging project…
Search Continues for Missing Army Aviators off Hawaii
Responders continue the search for five Army aviators who went missing Tuesday night approximately two miles west of Ka'ena Point, the westernmost tip of land on the Hawaiian island of Oʻahu.
Hyundai Merchant Marine, BlackRock in Investment Talks
South Korean shipper Hyundai Merchant Marine Co Ltd (HMM) is in talks with BlackRock Inc about a potential investment but details have yet to be discussed, a HMM spokesman said on Monday.
USS John S. McCain Collides with Merchant Ship
The guided-missile destroyer USS John S. McCain (DDG 56) has arrived at Changi Naval Base following a collision with the merchant vessel Alnic MC while underway…
Lithuania Receives First U.S. LNG Cargo
Lithuania received its first spot shipment of liquefied natural gas (LNG) from the United States on Monday, the result of a deal aimed at reducing dependence on…
Four Killed in Explosion at South Korean STX Shipyard
Four workers were killed Sunday in an explosion at an oil tanker being built in a South Korean shipyard, Reuters reported quoting authorities. Fire officials said…
Nakilat, Shell Completes First Phase of LNG Carrier Management Transition
Nakilat Shipping Qatar Limited (NSQL) a wholly owned subsidiary of Nakilat and Shell International Trading and Shipping Company Limited (Shell), have completed the…
Fujairah Terminals Welcomes First Container Feeder Vessel
The newly established Fujairah Terminals, under the management of Abu Dhabi Ports, has welcomed its first container feeder vessel, the Dubai Alliance, reported Gulf News.
Hafnia Says Product Tanker Market Weakened
The overall product tanker market weakened further during the second quarter of 2017, reflecting the ongoing imbalance between supply and demand of tonnage, said Denmark based Hafnia Tankers.
Bahri Completes Registration Of ASLAF Under Saudi National Flag
National Shipping Company of Saudi Arabia Bahri announced that the Ministry of Transport under the supervision of the Public Transport Authority (PTA) has completed the registration of ASLAF…
USS Indianapolis Wreckage Located
A team of civilian researchers led by entrepreneur and philanthropist Paul G. Allen have found the wreck of the World War II cruiser USS Indianapolis (CA 35), which was lost July 30, 1945.
MAN’s Subsea Compressors Reach Field Proven Status
Both subsea compression trains at Statoil’s Åsgard field have achieved more than 25,000 operation hours with an availability close to 100 percent. The world’s first…
Port of Incheon Volume to Reach 3.08 million TEU in 2017
The Container Handing Volume by the Republic of Korea's Port of Incheon is expected to reach 3.08 million TEU in 2017, said a company release. On August 3, the…
Vopak Expands Pengerang Terminal
Royal Vopak and its joint venture partners intend to expand their independent storage terminal, Pengerang Independent Terminals Sdn Bhd (PITSB) in Pengerang, Johor in southern Malaysia.
Global FLNG Capex to Total USD 37.6bln
Global Capex on FLNG facilities is set to grow at a 9% CAGR over the 2018-2023 period, with expenditure forecast to total $37.6bn, said Douglas-Westwood report.
IPA Opens New Container Route
Incheon Port Authority (IPA) announced that a regular container route ‘Thailand-Vietnam Services (TVX)’ launched by five shipping companies – Namsung Shipping, Dongjin Shipping…
TEAM Sells Two Vessels in Q2
Team Tankers International Ltd. (TEAM) said that the company has agreed to sell the Tour Margaux (8,674 dwt, built 1993). The transaction closed and the ship was delivered to the buyer in July.
CMA CGM Hires Diana Containerships' Domingo
Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, announced that, through a separate wholly-owned subsidiary…
TEN Get Charter for Two Suezmaxes
Tanker operator Tsakos Energy Navigation (TEN) announced the expansion of its long term strategic alliance with a major US oil concern. Two suezmax vessels have been chartered for three years…
MAN D&T, AKA Partner to Win Russian Order
MAN Diesel & Turbo and AKA have received an order in connection with the building of a multi-purpose supply vessel for a federal Russian agency. Delivery is scheduled for March 2018 in St. Petersburg and marks the first successful collaboration between the two partners since MAN Diesel & Turbo bought a 40% share in AKA – the electric-and-hybrid-systems company – in June 2017. the drive control and power-management systems.
