Maritime Industry Top News
MAN Extends High Speed Power Range
MAN announced it will present a newly developed 12-cylinder V-engine for use in working vessels at the SMM 2014 trade fair in Hamburg, Germany. The German engine manufacturer will thereby extend the power range of its high-speed marine engines for heavy-duty operation up to 735 kW (1,000 hp). The D2862 LE441 is MAN's 735 kW (1,000 hp), 12-cylinder V-engine for heavy-duty operation. By adapting the turbocharger and the valve timing…
N-KOM to Build Floating Jetty for QPMC
Nakilat-Keppel Offshore & Marine (N-KOM), a joint venture shipyard established by Nakilat and Singapore’s Keppel Offshore & Marine (Keppel O&M), has secured a contract worth $19 million (69 million Qatari Riyals) to design and construct a floating jetty for Qatar Primary Materials Company (QPMC). Scheduled for completion in early 2015, the floating jetty is the first project that N-KOM will be undertaking for QPMC.
Scorpio Bulkers Gets $540m Loan for Newbuilds
Scorpio Bulkers Inc. announced that it has received a commitment for a $540 million loan facility and provides an update on the financing of its fleet. On July 21, 2014, the company received a commitment from two European financial institutions for a loan facility of up to $540 million. The facility will be used to finance up to 55% of the contract price of 24 vessels, including six Ultramax, nine Kamsarmax and nine Capesize vessels currently under construction for delivery in 2015 and 2016.
Engine Performs in Roll Over Test
Engines customized for new Dutch search-and-rescue lifeboat vessels keep running after full rotation on axis. In thrashing, unforgiving seas, a capsized rescue vessel used to be a symbol of defeat. To withstand harsh conditions, sea vessels are designed to right themselves when overturned, but even more critical is the ability of the engines powering those vessels to withstand the 360-degree rollover with no compromise to performance.
Container Shippers Join Forces for Safety
The Container Ship Safety Forum (CSSF) has been launched as a global business-to-business network that aims to improve safety performance and management practices in the container shipping industry. Founding members CMA CGM Group, Costamare Shipping Company S.A., E.R. Schiffahrt GmbH & Cie. KG, Hamburg Südamerikanische Dampfschiffahrts-Gesellschaft KG, Maersk Line, Rickmers Shipmanagement and Zodiac Maritime Agencies Ltd., have joined forces to improve safety performance through collaboration.
Oil Products Flow to Primorsk Resumed
Russia resumed oil products shipments to Primorsk after a halt following "criminal tapping" of pipeline, a subsidiary of Russian oil pipeline monopoly Transneft said.
DNV GL Publishes Regulatory Roadmap for Floaters in the US
DNV GL announced it has mapped out what is necessary to be in compliance with U.S. Coast Guard (USCG) requirements to operate FOIs, FSOs and FPSOs in U.S. waters. In what DNV GL is calling the first comprehensive overview of its kind , the roadmap document entitled “Verification for compliance with United States regulations on the outer continental shelf”, follows from the USCG’s policy letter last year…
Second Typhoon Threatens Taiwan
The Taiwan military was collecting and distributing sandbags to guard against possible flooding on Tuesday as a typhoon bore down on the island after brushing the Philippines.
Korea Ferry Businessman's Body Located
Yoo had been target of South Korea's largest manhunt; Failure of police to catch Yoo had been burden for Park government. The body of South Korea's most wanted man…
Mitsubishi to Build Diesel Oil Import Terminal in Australia
Japanese trading house Mitsubishi Corp said it is entering Australia's diesel market by building a $103 million gas oil import terminal to tap growing demand and…
Volvo Penta Offer D4, D6 Series Engine Keel Cooling Option
Volvo Penta of the Americas has announced the availability of a keel cooling option with D4 and D6 marine diesel engines to meet customer demands in the North American marine commercial market.
Boscalis to Get IJsseldelta 'Room for the River' Contract
Royal Boskalis Westminster N.V. (Boskalis) say that the Dutch Department of Public Works and the province of Overijssel intends to award the contract for the IJsseldelta polder to them.
Unplanned Encounters Discussed at Navy CNO's China Meeting
Chief of Naval Operations (CNO) Adm. Jonathan Greenert has left the People's Republic of China (PRC) after a successful four-day counterpart visit with military leaders…
Germany as a Maritime Location Endangered: VDR
Germany, which currently is home to the world’s biggest container vessel fleet, will in future have fewer small shipping firms as European banks avoid the industry…
Shipbuilders Vard Report Financial Fair Sailing
Designers and shipbuilders of offshore and specialised vessels, Vard Holdings, has announced its financial results for the second quarter of financial year 2014 (“2Q2014”)…
NJ Congressmen Supports Offshore Wind Proposal
Congressman Frank Pallone has issued the following statement in response to the Department of the Interior’s announcement of the proposed lease sale for nearly 344…
Greenbrier Condoles the Passing of Emeritus Board Member Atiyeh
The Greenbrier Companies, Inc. says it joins all of Oregon in expressing its condolences to the family of Victor G. (“Vic”) Atiyeh, former Governor and past member of Greenbrier’s board of directors.
New Subsea Fiber-optic Cable to Link N. America & UK
TE SubCom has announced the commencement of the new Hibernia Express submarine cable system. The 4,600 km cable will provide the lowest-latency fiber-optic path between New York and London…
Wärtsilä's JV with CSSC to Expands Engines Range
Wärtsilä and China State Shipbuilding Corporation (CSSC) have signed an agreement to establish a joint venture for manufacturing medium and large bore medium speed diesel and dual-fuel engines.
AAPA Elect Kristin Decas as Next Chairman
The American Association of Port Authorities (AAPA) informs it has elected Kristin Decas, CEO and port director for the Port of Hueneme (Calif.) as its incoming…
