Maritime Industry Top News
Helikon Expands Use of GNS Voyager
Maritime services group Global Navigation Solutions (GNS) announced that London-based bulk carrier operator Helikon Shipping Enterprises has expanded its use of…
Next Generation Marine Power: The Future Looks Bright
The Next Generation Marine Power & Propulsion event was held in the Grand Harbour conference venue looking out over the Port of Southampton where cruise ships, oil tankers and the world's largest container vessels ply their global trade. The event brought together a broad and unique marine industry group from the UK, EU and US. A dynamic program, including three keynote speakers and 20 presenters,…
GE Enters the Containership Industry
GE’s Marine Solutions has signed a contract to provide auxiliary electric systems to containership operator Maersk Line’s second generation Triple-E vessels, thus representing GE’s entry into the container shipping industry. The contract will see GE provide Maersk Line with its new Power Take Off/Power Take In (PTO/PTI) technology, which consists of two drives, two induction motors and a power management system.
Rolls-Royce Designs UK's New Polar Research Vessel
Cammell Laird has selected a Rolls-Royce design for the U.K.’s future polar research ship, which, when built, will be one of the most advanced scientific maritime vessels ever constructed. Rolls-Royce will also supply machinery and equipment for the vessel in a deal worth $43.6 million. The 128 meter long ship, which will be named RRS Sir David Attenborough, will be built at the modular construction hall at Cammell Laird’s site in Birkenhead on Merseyside.
Svitzer’s New Escort Tug Named in the UK
A naming ceremony was held on April 22, 2016 for Svitzer Deben, Svitzer’s new Damen ASD 3212 80-metric-ton bollard pull escort tug for the Port of Felixstowe. Marc Niederer…
Philippines' Duterte Says Would Seek Multilateral S. China Sea Talks
Rodrigo Duterte said on Monday that if he became Philippine president he would call for multilateral talks to resolve disputes over the South China Sea, which should…
Hyundai Heavy Industries Shedding Jobs, 'Non-Core' Assets
South Korea's Hyundai Heavy Industries Co Ltd, the world's biggest shipbuilder by revenue, will slash more jobs and sell non-core assets as part of efforts to cope with shrinking orders…
PSA International Starts VC Arm
Singapore-headquartered port operator PSA International Pte Ltd has set up a corporate venture capital arm, PSA unboXed, with an initial fund size of S$20 million…
Brazil Exports Diesel to Europe
Two tankers ship diesel in rarely used route. Brazil has joined a list of countries exporting diesel to Europe, reversing a traditional route and underscoring a…
IMO Tier III compliant Wärtsilä X72 Engine Passes Test
Winterthur Gas & Diesel (WinGD) and its two-stroke engine manufacturer Hyundai Heavy Industries - Engine & Machinery Division (HHI-EMD) announced the successful testing and delivery of their first IMO Tier III compliant Wärtsilä X72 diesel engine. Built at HHI-EMD’s works in Ulsan Korea, the six-cylinder, Wärtsilä X72 diesel engine employs a compact, pre-turbocharger selective catalytic reduction (SCR) system.
Australia, Thailand host Indo-Pacific Regional Peacekeeping Exercise
Australia and Thailand are co-hosting a peacekeeping exercise involving over 100 participants from the Indo–Pacific region from 9-20 May 2016 in Bangsaen, Thailand.
Philly Shipyard to Pay Dividend
Other information: The USD equivalent of NOK 231,177,204 of the dividend is classified for accounting purposes as a repayment of previous paid in share premium.
Scanty Ordering Bodes Well for Tanker Shipping - Drewry
Newbuilding orders of tanker ships have seen a sharp reduction, but the slowing trend needs to be sustained for the longer-term health of the market, according to…
Total to Acquire Saft Group
Total and Saft announced today that, following the signature of an agreement between the companies, Total filed a friendly tender offer on all of the issued and…
Wärtsilä Propulsion for First UK Dual-fuel Ships
he first ever UK domestic dual-fuelled new build vessels will feature fully integrated Wärtsilä propulsion machinery packages. Wärtsilä will also supply extended engineering and site support services.
Bibby Offshore Bags Mega North Sea Contract
Bibby Offshore, a leading subsea services provider to the oil and gas industry, has announced a multimillion dollar contract with a global energy player, to provide…
Meyer Turku Back in the Black
After many years with difficulties, Meyer Turku Oy reports positive consolidated earnings again under new Meyer ownership. The audited accounts for 2015 show a profit…
PSA Unveils Incubator Programme for Start-ups
PSA International Pte Ltd today announced the inception of PSA unboXed Pte Ltd (PSA unboXed), its new corporate venture capital arm with an initial fund size of S$20 million.
Two Massive Container Ships Collide
Maersk Line's 292-meter (958-foot) Safmarine Meru and the 318-meter (1,043-foot) Northern Jasper operated by Germany’s Norddeutsche Reederei H. Schuldt GmbH &…
Container Shipping Demand Weakens
The demand for container shipping is really not going anywhere at the moment. Indicators for growth in the first months of 2016 point to limited overall demand and huge variations from trade to trade.
