ALP Tugs Get Rolls-Royce Deck Equipment
Rolls-Royce has been awarded a £19m contract to deliver deck machinery for four ocean going tugs, designed by Ulstein Design & Solutions, for Dutch company ALP Maritime Services. The vessels will be constructed in Japan by Niigata Shipbuilding & Repair. The vessels are being developed for towing large structures like oil rigs and floating production units over long distances. The bollard pull for each of the four vessels will be 300 tons and they will be equipped for anchor handling.
U.S. oil reserves highest since 1970s
U.S. exploration and production companies are finding accumulations of crude and condensates twice as fast as they are producing them, according to statistics published on Thursday.
Shell drops Norwegian subsea gas project
Royal Dutch Shell has dropped one of Norway's biggest and most innovative industrial projects due to rising costs and complexity, dealing a blow to a technology…
Navios Maritime Acquisition Corporation acquires VLCC
Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced today the acquisition of a 2003-built VLCC of 298,287 dwt. The VLCC was purchased for $43.5 million.
Brent drops towards $107 on better supply outlook
Brent futures eased towards $107 a barrel on Friday as the global supply outlook improved with more Libyan supplies expected to reach the market, although growing…
Obama urged for Early decision on Keystone
Eleven U.S. Democratic senators on Thursday called on President Barack Obama to make a final decision on whether to approve TransCanada Corp's Keystone XL pipeline from Canada to the U.S.
Philippine, Vietnamese Navies To Unite Against China
Philippine navy will soon return to a South China Sea island it lost to Vietnam 40 years ago to drink beer and play volleyball with Vietnamese sailors, symbolising…
EBDG-designed aluminum ferry to be Constructed
by Nichols Bros Boat Builders for Wahkiakum County. ft. x 47 ft. run between ferry terminals in Cathlamet, Wash. Westport, Ore. reversing reduction gears with two fixed-pitched propellers. 2015.
Wärtsilä enters Paraguayan Inland Market
A new pushboat used to push barges convoys along the Paraguay River will be powered by a Wärtsilä integrated propulsion solution. The vessel is being built at the "Astillero la Barca del Pescador" (Shipyard SA) yard in Paraguay on behalf of Naviera Yeruti, a Paraguayan company with extensive barge construction and vessel operating interests. This vessel will be the company's first pushboat and it is scheduled to be delivered in the second quarter of 2015.
Sick Ship: More Than 100 Reported Ill on Cruise
A cruise ship with more than 100 passengers and crew suffering from a gastrointestinal ailment caused by Norovirus, have arrived in San Diego, a cruise line spokeswoman said on Thursday.
Stalwart Tankers Postpones U.S. IPO
Greece-based chemical transportation company Stalwart Tankers Inc has postponed its U.S. IPO plans due to "market conditions," an underwriter told Reuters. The company filed with U.S. regulators in February to raise up to $100 million in an IPO of its common stock. Stalwart Tankers later said it expected to price its IPO of 12.5 million common shares at between $11 and $13 per share. The decision to postpone the IPO comes on the heels of Greece returning to the bond market on Thursday…
Box Ships announces Prices Public Offering
Box Ships Inc.,ATHENS, today announced that it has priced its public offering of 5,000,000 units consisting of its common shares and warrants at $2.05 per unit.
Libya's Coastguard Detains 400 Immigrants
Libya's coastguard has detained more than 400 immigrants, mostly from the Horn of Africa, in its waters in the past two days as they tried to illegally cross to Europe in small boats…
Debt-Laden Bulk Shipper to be Liquidated
A Chinese court has ordered a unit of debt-laden dry bulk goods shipper Chang Jiang Shipping Group Phoenix Co Ltd to liquidate its assets, displaying further evidence…
Navy Cuts One Littoral Combat Ship in 2015
U.S. WASHINGTON, April 10 (Reuters) - The U.S. Navy hopes to smooth out the impact on Lockheed Martin Corp and Australia's Austal of a budget-driven decision to…
Padbury Mining Secures $6.5 Bln Port Funding
Australia's Padbury Mining Ltd said it had secured almost $6.5 billion in funding to build a new deepwater port and railway at Oakajee in Western Australia, potentially opening a new export hub for the region's iron ore riches. Plans for a port at Oakajee in Western Australia's Midwest region have been in the works under various companies for decades but have so far failed to get off the ground due to volatility in commodity markets and difficulty securing the massive investment needed.
USCG Responds to Sailing Vessel Allision
Coast Guard Station Mayport crewmembers responded to a report of a sailing vessel that allided with the Main Street Bridge Thursday in Jacksonville, Fla., in the St. Johns River.
MERPAC to Meet on IGF Code Training Requirements
A working group of the Merchant Marine Personnel Advisory Committee (MERPAC) will meet to work on Task Statement 80, concerning crew training requirements onboard…
Torm Confirms Tanker Sale
Torm announced today the confirmation of its March 7, 2014 agreement in principle to sell 13 product tankers to entities controlled by Oaktree Capital Management. All necessary approvals have now been obtained, the company said, and the agreement has subsequently become unconditional as per the outlined terms and conditions. torm.com
New Orleans’ Largest Cruise Ship Prepares for Departure
The Port of New Orleans announced that arrival of its largest cruise ship, the 3,646-passenger Carnival Dream, to launch year-round Caribbean service. Carnival Dream’s New Orleans debut will be commemorated with a traditional maritime plaque exchange between Carnival and Port of New Orleans officials. Carnival Dream builds upon Carnival’s position as New Orleans’ number one cruise operator with two year-round ships carrying more than 400,000 passengers annually.
