APSEZ to Buy 75% Stake in Krishnapatnam Port
Adani Ports and Special Economic Zone (APSEZ) said on Friday it would buy a 75% stake in Krishnapatnam Port Co Ltd (KPCL) for an enterprise value of 135.72 billion rupees ($1.89 billion).The deal will take its domestic market share to 27% from 22% on a pan-India basis, the company said in a filing to exchanges.The port, located in the south eastern state of Andhra Pradesh, is the second-largest private…
Two Rescued from Disabled Sailboat
The U.S. Coast Guard rescued two mariners from their disabled sailing vessel, Rhapsody, approximately 288 miles east southeast of Corpus Christi, Texas, Thursday afternoon.Watchstanders at the Eighth Coast Guard District command center received an emergency position indicating radio beacon alert at 2:13 a.m. Watchstanders directed the launch of a Sector/Air Station Corpus Christi HC-144 Ocean Sentry aircrew and diverted the LPG tanker Sahara Gas to investigate the location.Once on scene…
ENA Shogun Signed On One-year Deal
Anchor-handling tug supply (AHTS) vessel ENA Shogun will commence a one-year project (+options to proceed further) with a Bruneian oil company, primarily supporting semi-submersible rigs in their fleet.VOS Singapore said it has secured a third-party ship management contract with a Bruneian offshore support vessel (OSV) owner/operator Lantana Services Sdn Bhd.ENA Shogun is a 200TBP, 16,314bhp, DP2, FIFI1, 2011-built AHTS vessel.Left to right: Ernest Loh, Business Manager, VOS Singapore; Sivakumar
KN Bags $148Mn Loan for its LNG Terminal
The Nordic Investment Bank (NIB) and Lithuanian liquefied natural gas (LNG) and oil terminal operator AB 'Klaipedos Nafta' (KN) have signed a EUR 134.1 million (USD…
Vestas Wins Intertidal Project in Vietnam
Danish wind turbines manufacturer Vestas Wind Systems secured a 50 MW order with Cong ty Co Phan Dau Tu Dien Gio Hoa Binh 1 (Hoa Binh 1 Company), a company owned by Phuong Anh Group.
Evac Appoints Tapio Kolunsarka as CEO
Evac, a supplier of integrated waste, wastewater, and water management systems for the marine, building and offshore sectors, has appointed Tapio Kolunsarka as new…
Costa Smeralda Floated Out
Italian cruise line Costa Cruises said that Costa Smeralda is the first ship in the Costa fleet to be fueled by liquefied natural gas (LNG). "This is a step change for the cruise industry as a whole…
2 Shahid Ports Join Chabahar
The Members of Parliament (MPs) of Iranian Parliament (Majlis) approved the general outlines of a bill on attaching Shahid Kalantari Port and Shahid Beheshti Port…
Carnival Delays Launch of Mardi Gras Ship
Florida-headquartered international cruise line Carnival Cruise Line announced that the debut of its newest ship, Mardi Gras, will be pushed back until Nov. 14,…
Grindrod Eyes Stake in IVS Bulk JV
Singapore-headquartered provider of maritime transportation services in the drybulk and product tanker sectors, Grindrod Shipping Holdings is planning acquisition…
Yılport Awaits 2 STS, 6 E-RTG Cranes
Yilport Puerto Bolivar, Ecuador’s first deep-sea terminal, will soon have a new fleet of ship-to-shore (STS) and electrified rubber tired gantry (E-RTG) that set sail from Oita…
Euronav Sells, Leaseback 3 VLCCs
Belgium-based crude oil tanker company Euronav has entered into a sale and leaseback agreement for three very large crude carriers (VLCC) vessels with Taiping &…
SK Group Intros Bio Heavy Oil
South Korea's SK Chemicals Co has introduced a project to use bio heavy oil as vessel fuel amid rising demand for cleaner energy sources.The chemical and pharmaceutical…
Research Vessel Delivered to Orca Maritime
Washington-based boat builder Armstrong Marine said it has delivered a new 42’ x 16’ catamaran research vessel, Benthic Cat, to Orca Maritime, Inc. following launch and sea trials in Port Angeles Harbor. The vessel will enter service immediately, beginning with a week-long operation around San Clemente Island.The second IPS-drive catamaran delivered by Armstrong, the 4216-CTC model was selected by…
Five Believed Dead in Alaska Shipwreck
Five commercial fishermen were believed to have died after their crabbing vessel sank on New Year’s Eve in the Gulf of Alaska, the U.S. Coast Guard said after ending…
Containership Grounds in the Bosphorus Strait
A foreign cargo ship ran aground in Istanbul's Bosphorus strait on Friday, requiring a rescue operation and prompting authorities to temporarily close the picturesque…
Gulf Oil Marine and Azurtane Partner
Now that the fuel sulphur regulations have come into force from January 1, 2020, charterers and operators will begin to feel the pressure to reduce greenhouse gas (GHG) emissions.Gulf Oil Marine has partnered with marine technology firm Azurtane to help customers monitor and manage energy usage and emissions compliance.The change in fuels resulting from the 2020 0.5% sulphur regulations has meant a…
Research Vessel Equipped with Integrated IoT System
KVH Industries, Inc. and Kongsberg Digital completed the installation of their first joint maritime IoT system on an active working vessel.The team installed a KVH Watch VSAT antenna for IoT connectivity and the Kognifai Vessel Insight platform on Simrad Echo, a Norwegian research vessel owned and operated by Kongsberg, which will continue normal operations during the pilot maritime IoT project. Together…
Baltic Index Marks Worst Day in 6 Years
The Baltic Exchange's main sea freight index on Thursday posted its biggest one-day percentage decline in six years, pressured by depressing demand for dry bulk vessel segments.* On its first day of trading in the new year, the Baltic index , which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, fell 114 points to 976 points, its lowest level since May 2019.* The overall index declined about 10.5%…
GEV Pact with CIMC Raffles for 8 Vessels
Australia-listed Global Energy Ventures (GEV) has extended a letter of intent (LOI) with Yantai CIMC Raffles Offshore to build the CNG Optimum 200 ships.The extension is for six months through to 30 June 2020. The LOI is based on a firm order for four 200 MM scf Compressed Natural Gas (CNG) ships with the option for GEV to order up to an additional four ships.The parties have executed the LOI, with the intention of entering a Shipbuilding Engineering…
