TEN Charter Out Five Product Tankships
Greece-based Tsakos Energy Navigation Limited (TEN) fix 3-year charters for 5 Panamax LR1 product tankers with a major national end-user. These fixtures are expected…
Ice Crushing Propeller Dynamics
When a captain of an ice-going vessel stands on the bridge looking at the enchanting world around him he wants to hear the comforting sound of ice smoothly being crushed by the heavily loaded propeller he is controlling. But the question is if the industry is ready – can our captain really enjoy his trip in ice covered waters – or is there still work to be done? Ops in the Arctic regions are intensifying…
Risk Management
The old expression about getting one’s sea legs speaks to how different life can be in the ocean marine environment. Those who spend most of their time on land often…
BRP Offers Inboard Jet Propulsion System
BRP expands its marine engines portfolio by offering an inboard jet propulsion system, using its proven Rotax 4-TEC 1503 engine. BRP's Marine Propulsion Systems division in Sturtevant…
D'Arcinoff Group Consortium Announces $4.6 Billion Project
D'Arcinoff Group, Inc. and its consortium partners will deploy the first phase of the $4.6 billion D’Arcinoff Group Energy Program (DGE), an integrated synthetic fuel…
CMA CGM 2012 Resullts
The Board of Directors of France’s CMA CGM met under the chairmanship of Jacques R. Saadé, Chairman and Chief Executive Officer, to review the financial statements for the year ended 31 December 2012.
Senergy Software Pioneers Another Step Change
Senergy Software has unveiled major new developments to its market-leading Oilfield Data Manager (ODMTM) software suite, providing geoscientists with significant step changes particularly in the user interface (UI). The launch of ODM 3.8 includes new Heatmap and Analysis Sticks features as well as pioneering enhancements to its reservoir performance module (RPM) 3D viewer. It also includes a new method for handling core shifts and a powerful new Dictionary Summary.
WCI Reacts to ASCE 2013 Report Card
Waterways Council, Inc., (WCI) has received the 2013 Report Card for America’s Infrastructure from the American Society of Civil Engineers (ASCE) and the inland waterways have received a grade of D-. The Report Card assesses the condition of a number of the nation’s infrastructure systems, including the inland waterways, and is released every four years. Each category is evaluated based upon capacity…
Hapag-Lloyd Increases Freight Rate in 2012 Financial Year
Freight rate up 3.2% on last year / Transport volume increases by 1.1%. Revenue rises by 12.1% to EUR 6.84 billion / Absence of peak season and persistently high…
Hatteland Display Appoints Distributor in India
Hatteland Display (HD), a technology provider of specialized display and computer products to the international maritime and industrial market, has appointed Elcome Marine Services Pvt. Ltd. as its distributor in India. With a network of branches at all major ports in India Elcome Marine today provides its customers with a single point resource of all solutions related to maritime electronics and software based systems.
WESMAR Announces Bow Thruster Order
WESMAR (Western Marine Electronics, Inc.) has announced an order from Hydraquip, Tasmania, Australia, for two commercial bow thruster systems for installation on a steel-hulled car/passenger ferry. The order is for two WESMAR Model V2-28, 185 HP, counter rotating dual-prop stainless steel bow thruster systems. They will be installed on the 187-foot M/V Queenscliff, a double ended roll-on/roll-off ferry that provides hourly service between the towns of Queensland and Sorento.
CLF Ventures Issues RFP
CLF Ventures Inc., a non-profit affiliate of the Conservation Law Foundation, an influential New England environmental advocacy organization, seeks proposals from…
Rolls Royce Wins Green Technology Award
Rolls-Royce plc has received the Green Ship Technology Award for its Environship concept – a revolutionary design and system solution for cargo ships that reduces CO2 emissions by up to 40 per cent compared to similar diesel powered vessels. The Environship, which can be adapted for different ship types, incorporates a range of Rolls-Royce technologies to deliver efficiency savings for ship owners.
Viking Shows Growth
Marine and fire safety equipment manufacturer and service provider Viking Life-saving Equipment A/S has reported its ninth year of growth – capturing market share from competitors in a difficult business climate and delivering record turnover of DKK 1,584 billion and PBT of 115 million DKK. According to CEO Henrik Uhd Christensen, the company’s results are due to Viking’s investments in long term growth…
Globe Express Services Awarded ISO 9001:2008 Certification
Globe Express Services announced that its UAE office has been awarded the Certificate of Approval by the Bureau of Assessment Services, recognizing the company’s…
ISS Advises of St. Lawrence Seaway Tolls Increase
Inchcape Shipping Services (ISS), a leading maritime services provider, is advising of a three per cent increase in St. Lawrence Seaway tolls in Canada for the 2013 shipping season.
New Indian Container Terminal: Global Bids Invited
India's largest major port, Kandla Port Trust (KPT) invites global bids for setting up a container terminal at nearby Tuna -Tekra. The port authority has invited…
Charleston Container Volume Up, Dredging Project on Schedule
During a recent South Carolina Ports Association (SCPA) meeting the twelfth straight month of year-over-year growth was noted. Container volume for the first eight…
Singapore Firm Changes Shipyard Executive Team
Otto Marine, owners & operators of Indonesia's largest shipyard, announces changes to it senior management. Mr. Mr. Mr. Deputy President Mr. Mr. Aw Chin Leng has…
Container Ship Capsizes in E. China Sea
Rescuers have retrieved 11 bodies and are searching for two missing crew members after a container ship sank off east China. The Beihai Rescue Bureau of the Ministry…