Maritime Industry Top News
SENER Tallies FORAN Contract with Khulna Shipyard
The SENER engineering and technology Group has signed a contract with the company Khulna Shipyards Ltd. in Bangladesh for the implementation of the shipbuilding CAD/CAM System FORAN, developed by SENER, to be used in the design and production of new projects. Khulna Shipyard (KSY) belongs to the Ministry of Defense of the Bangladesh Govern, and it is operated by its Army. The scope of the contract…
New Head of Asia Desk at SAL Heavy Lift
SAL has announced Jürgen Kuntz as its new Head of Asia Desk in Hamburg. Originally setting up the SAL office in Shanghai, Kuntz will continue to strengthen the Asia related business with his 15 year long experience from China, the company said. Kuntz started with SAL as a trainee in 1993. In 2001 he opened the first overseas office for SAL in Shanghai, this soon to be followed by a second office in Beijing.
Bearing System Sees No Wear After 20,000 Hours
After nine years of operation in the harsh, abrasive waters of Alaska’s Yukon River, aboard Inland Barge Service’s push boat Ramona, Thordon Bearings’ RiverTough water-lubricated tail-shaft bearing system has emerged completely free of wear and tear, according tot the manufacturer. The performance of the RiverTough bearings in waters renowned for their high content of gritty glacial silt came to light when the 16-meter workboat’s cracked struts underwent repair in dry-dock.
Shippers Urged to Use Transitional Measures for Ship Recycling
Shipping companies are being strongly encouraged to use new ‘Transitional Measures for Shipowners Selling Ships for Recycling’ launched by a coalition of international shipping industry organizations. The purpose of the new ‘Transitional Measures’ – developed by an inter-industry working group led by the International Chamber of Shipping (ICS) – is to help shipowners ensure to the greatest extent possible…
Innovation Paving the Way for Marine Industry in 2016
From the price of oil to environmental regulation, 2015 was a year of turmoil and uncertainty for the marine sector. Despite this, there were some common global trends that will define 2016. In December 2015, world leaders met at the COP21 conference to discuss climate change. The event’s outcome marks a decisive move towards a low carbon future focused on achieving the agreed-upon world target of 1.5 degree climate change ceiling.
Iran-Venezuela Oil Tanker Deal Hit by Sanctions Snags
An agreement to build oil tankers in Iran for Venezuela has been left in limbo years after it was announced as Western sanctions plus disagreements over payments and delivery terms took their toll…
Lifted Iran Sanction Frees Up $2.8 Bln in Tanker Tonnage
With recent news that sanctions against Iran are to be lifted, the world tanker fleet is due to see an additional 14.1 million DWT of Iranian tankers freed to trade globally. This tonnage is valued today at nearly $2.8 billion, according to VesselsValue.com. VesselsValue.com ranks Iran’s VLCC fleet eighth in the world by value, behind Greece, China, Japan, the U.S., Singapore, Saudi Arabia and South Korea.
Oman Drydock Closes 2015 with Busy Second Half
Oman Drydock Company (ODC) has reported one of its busiest half year periods to date for drydockings, conversions and repairs. Based in Duqm Oman’s new ports and logistics city, ODC is one of the world’s largest shipyards at 1.3 million square meters. ODC deputy CEO Dr. Ahmed Al Abri, said the period July to December 2015 saw the shipyard undertake a range of drydockings taking the total number undertaken since it opened to 375.
Japan to Employ Sovereign Insurance for Iranian Imports
Japanese buyers of Iranian crude will have to keep using special sovereign shipping insurance to import oil for the foreseeable future, despite the lifting of sanctions against Tehran…
LNG Could Follow Crude Oil's Lead: Russell
In contrast to the carnage in crude oil markets, liquefied natural gas (LNG) prices in Asia have enjoyed relative stability for the past three months, but it's unlikely…
Greece to Evaluate Cosco Port Bid
China's Cosco sole bidder for the country's biggest port. Greece will evaluate on Wednesday an improved bid that China's Cosco is due to submit for a majority stake in Piraeus Port…
ClassNK: New Software System for Container Carriers
(PRESS RELEASE) ClassNK released its new structural design support system PrimeShip-HULL for Container Carriers to correspond with its latest rule amendments. To promote container carrier safety…
Terex Liftace 5-31 Reach Stacker Delivered to Port Blyth
Terex Port Solutions (TPS) delivered a Terex Liftace 5-31 reach stacker to the north-east England based terminal, Port of Blyth, UK. The machine became operational…
Scandlines Ferry on 'Weight Reduction'
The new Scandlines ferry M/V Berlin has been on a strict diet at the Danish shipyard FAYARD. A recently completed lightweight survey shows that the weight of the vessel has been reduced by 1,100 tons.
MacGregor Strengthens its Heavy-lift Market Share
MacGregor, part of Cargotec, has strengthened its position in the heavy-lift market by confirming an important new contract to deliver twelve 450-tonne capacity…
Chariot Starts Namibia Seismic Work
Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, today announces that in conjunction with its partners AziNam (20%), NAMCOR (10%) and Ignitus (5%)…
Pilot Transfer Arrangements - AMSA
The IMO Convention for Safety of Life at Sea (SOLAS Chapter V, Regulation 23) sets out the principal requirements for the rigging of pilot ladders. There is further…
Navig8 Product Tankers Expands Fleet
Navig8 Product Tankers Inc., an international shipping company focused on the transportation of petroleum products, has taken delivery of one LR1 74,000 DWT product tanker…
U.S. LNG Seen Destined for Europe
According to Wood Mackenzie Ltd, Europe is set to be the key destination for liquefied natural gas supplies from the U.S. after prices fell in Asia, the world’s…
IMO Confirms No-Go Yet for BWM Convention
Criteria for entry into force of BWM Convention not yet reached – further ratifications needed. Insufficient tonnage to trigger entry into force despite recent ratifications…
