Maritime Industry Top News
Nearly Half of Interlake Fleet Fit with Scrubbers
The M/V Mesabi Miner has sailed from Fincantieri Bay Shipbuilding Company in Sturgeon Bay, Wis., becoming Interlake Steamship Company’s fourth self-unloading bulk carrier to be outfitted with exhaust gas scrubbers. Interlake became the first U.S.-flag fleet to test freshwater scrubbers on the Great Lakes in April 2015 after pioneering the emission-reduction technology on its M/V Hon. James L. Oberstar. In 2016, the company outfitted its first thousand foot vessel, the M/V James R.
White Paper Addresses Bilge Water Noncompliance
A new white paper from Alfa Laval addresses ship owner concerns to ensure vessel compliance with bilge water regulations worldwide. Even if a traditional system with type approval is operating on board, the paper states, there are still risks of violating applicable laws and damaging the marine environment. Alfa Laval – a leader in heat transfer, centrifugal separation and fluid handling – has announced the availability of a new white paper, Bilge water compliance issues.
Scorpio Bulkers Charters in Ultramax Vessel
Dry bulk vessels owner Scorpio Bulkers Inc. said it has entered into a time charter-in agreement with an unrelated third party on one Ultramax vessel. The agreement…
AEGIR-Marine Adds Stabilizer Repair Services
AEGIR-Marine, full service provider for stern tube seals and propulsion systems for the maritime industry, said it has added stabilizer and steering gear repair…
Baltic Index Down For Sixth Straight Session
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the sixth consecutive session on Tuesday on lower rates for larger vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, shed 16 points, or 1.37 percent, to 1,154 points. The capesize index lost 13 points, or 0.73 percent, to 1,767 points, its lowest in over six weeks.
[Update] Two Dead in Bulk Carrier Explosion
At approximately 7:45 p.m., Monday, the captain of the bulk carrier Tamar reported that a second crewmember was killed from an onboard explosion. The New York Air…
East Coast Refiners Mull Texas Oil as North Dakota Alternative
U.S. East Coast refiners are looking to buy increasing volumes of domestic crude oil from the Gulf Coast, two sources said, the latest twist in a trade flow upheaval…
Tanker Market Could See Difficult Q2, Q3
New vessels expected to hit freight rates; new trade route from east U.S. to Asia to meet Chinese demand. The tanker market may face a "difficult" second and third…
Nimitz Strike Group Successfully Completes COMPTUEX
The USS Nimitz (CVN 68) Carrier Strike Group (CSG) 11 successfully completed its final pre-deployment assessment, Composite Training Unit Exercise (COMPTUEX), April 21…
ABS Guide Helps Prevent Dropped Objects
ABS has provided a systematic approach to dropped object management and prevention. The new ABS Guide for Dropped Object Prevention for Offshore Units and Installations…
Shipping Nations to Promote Digital Certificates
Danish Maritime Authority (DMA) Director General Andreas Nordseth, signed an agreement with Singapore and Norway on cooperation on digital certificates. The agreement…
Drivers of Logistics Industry
The end consumer who has ever-changing needs and will be the ultimate driver of all activities of the logistics industry, said Dr Detleft Trefzger, Chief Executive…
Maritime Security a Year-Round Duty
While many Australians spend Anzac Day off work, Royal Australian Navy personnel around the world will remain on watch, contributing to global security, stability and prosperity.
Navios Maritime Acquires One Capesize Vessel
Navios Maritime Partners, an international owner and operator of drybulk and container vessels, announced that it has agreed to acquire one 2010-built Capesize vessel of 178…
Hutchison Port Q1 Profit Slumps 70%
Hutchison Port Holdings Trust (HPHT) suffered a 69.9 percent plunge in first-quarter net profit to to HK$166.9 million ($24.4 million USD) from the corresponding period a year earlier.
Op/Ed: CBP’S Lawful Jones Act Revocation
In 2009, the U.S. offshore marine sector received a long over-due indication that the U.S. Customs and Border Patrol (CBP) was preparing to close loopholes and enforce U.S. law in accordance with the Jones Act. This happened when the agency unhesitatingly issued its first revocation of more than 20 letter rulings that were inconsistent with the U.S. law of the land – the Jones Act. Almost immediately there was an outcry from foreign interests who claimed…
Fatal Bulk Carrier Explosion off Cape Cod
An explosion aboard Marshall Islands-flagged bulk carrier Tamar has killed one crewmember and left three others severely injured roughly 1,300 miles offshore Cape Cod, Mass.
Private Equity Boost for Hyundai Samho
South Korea’s Hyundai Samho Heavy Industries (HSHI), a shipbuilding affiliate of Hyundai Heavy Industries (HHI), said it has attracted 300 billion ($264 million) won investment via pre-IPO.
Viking Line Inks Shipbuilding Deal with Xiamen
Finland based Viking Line said it has signed a conditional contract with Chinese shipyard Xiamen Shipbuilding Industry Co. for the construction of a new passenger cruise ship for delivery in 2020. A final agreement is subject to the approval of the board of directors of both parties, as well as financial arrangements entered. The total contract amount is about €194 million and includes an option on another vessel.
Deutsche Invest Highest Bidder for Thessaloniki Port
German private equity firm Deutsche Invest Equity Partners was the highest bidder for a majority stake in Greece's Thessaloniki Port with an offer of 231.9 million euros ($251.8 million), privatisation agency HRADF said on Monday. The sale is a key part of the country's international bailout signed in 2015 and comes less than a year after China's COSCO Shipping bought a 51 percent stake in Piraeus Port, Greece's biggest, for 280.5 million euros.
