New Standard in Propulsion Efficiency and Onboard Comfort
According to the manufacturer, the propulsion system has performed convincingly all along the line and surpassed the expectations of her owner, the Welsh company Turbine Transfers Ltd, a subsidiary of Holyhead Towing Company. The VLJs are the main propulsion system of the DNV Classed 21m offshore service catamaran, which was designed for Turbine Transfers by BMT Nigel Gee and built by AMC. The Crew Transport Vessel will take service technicians to offshore wind farms at sites all around Europe…
Global Sulphur Cap Expected in 2020 –ICS
The shipping and bunker refining industries should work to the possibility that the global 0.5% sulphur in fuel cap, required by the International Maritime Organization (IMO), is more likely to be implemented worldwide from 2020, rather than 2025, the International Chamber of Shipping (ICS) has agreed. “While postponement of the sulphur global cap until 2025 is still a possibility, the shipping and…
MAN Diesel & Turbo Extends CSSC Relationship
MAN Diesel & Turbo renewed its contract with Chinese two-stroke licensee, China State Shipbuilding Corporation (CSSC) at a ceremony in Beijing on February 2, 2015. The agreement runs for the next 10 years and covers the production of low-speed engines at CSSC affiliates: CSSC – MES Diesel Co., Ltd (CMD), Hudong Heavy Machinery Co., Ltd (HHM) and CSSC Marine Power Co., Ltd (CMP). Klaus Engberg, Senior Vice President and Head of MAN Diesel & Turbo Two- Stroke Licensing said…
Suez Canal Providing Respite for Shipping Industry
Whereas the slow pace of recovery of the global economy fails to ease the pain in the global shipping industry significantly, the “no increase of Suez Canal tolls” announcement by the Suez Canal Authorities is a welcome easing. On February 4, 2015, the Suez Canal Authority published its Transit Dues for the year 2015, stating that there will be no increase of tolls for 2015. They shall thus remain unchanged from 2014.
GE's Tier 4 Marine Diesel Engine Receives EPA Certification
GE Marine’s (NYSE: GE) 12V250 marine diesel engine received U.S. EPA Tier 4 Certification. GE met the emissions requirements through non-Selective Catalytic Reduction (SCR) technology that requires no urea-based after-treatment. The company is also working towards U.S. EPA Tier 4 and IMO Tier III Certification for additional models and families of its marine engines utilizing the same non-SCR technology.
Matson to Announce Q4, 2014 Results
Matson, Inc. will release its financial results for the Fourth Quarter and Full Year 2014 on Tuesday, February 24, 2015. Matthew Cox, President and Chief Executive Officer, and Joel Wine, Senior Vice President and Chief Financial Officer, will discuss Matson's fourth quarter and full year 2014 results and provide a business outlook for 2015 during a conference call scheduled for 4:30 p.m. EST/1:30 p.m. PST/11:30 a.m. HST.
Patterson-UTI Slashes Rig-Build Program
Land rig provider Patterson-UTI Energy Inc has halved its full-year rig construction program to 16 new high-tech APEX rigs as oil producers cut back on drilling due to weak prices.
Cummins Revenue up 11 pct
Cummins Inc, a maker of diesel engines, reported an 11 percent rise in quarterly revenue, helped by strong demand from North America. Sales rose to $5.09 billion in the fourth quarter ended Dec.
Fitch: EU Container Port Growth to Slow
European container ports are unlikely to be able to maintain the strong growth rates of the past three decades, Fitch Ratings says. Combined with the trend for ever…
China Defends Aggrssive South China Sea Ops
China on Thursday defended the actions of a coast guard vessel in the disputed South China Sea after the Philippines accused it of ramming three fishing boats and…
Making Sailors 'SAFFiR'
Navy Unveils Firefighting Robot Prototype at Naval Tech EXPO. Scientists unveiled a firefighting robot prototype Feb. 4 at the Naval Future Force Science & Technology EXPO, revealing details about its successful demonstrations last fall. The Shipboard Autonomous Firefighting Robot (SAFFiR), sponsored by the Office of Naval Research (ONR), walked across uneven floors, used thermal imaging to identify overheated equipment, and used a hose to extinguish a small fire in a series of experiments Nov.
Manila: China Dredging in Disputed Waters
China has started dredging around the disputed Mischief Reef in the South China Sea, a Philippine navy commander said on Thursday, signalling Beijing may be preparing…
Wärtsilä's Propulsion For First CNG Carrier
The world's first ever carrier vessel for compressed natural gas (CNG) is to be powered by an integrated Wärtsilä propulsion system, chosen for its energy efficiency and environmental sustainability.
Rescue Crews Respond to Overturned Vessel
Coast Guard rescue crews rescued four men from the water after their vessel capsized one nautical mile east of Port Everglades inlet Wednesday evening. An additional…
Navy Unveils Firefighting Robot
Scientists unveiled a firefighting robot prototype Feb. 4 at the Naval Future Force Science & Technology EXPO, revealing details about its successful demonstrations last fall.
Gazprom Sets Up New Department
Gazprom set up a new department to be headed by Pavel Krylov. The department will be in charge of implementing the Gazprom corporate unified technical policy in search…
Seanergy Maritime Receives NASDAQ Notice
Seanergy Maritime Holdings Corp. announced yesterdat that it has received written notification from The Nasdaq Stock Market dated January 28, 2015, indicating that…
Iran Navy Repels Pirate Attacks
Iran’s 33rd naval fleet has foiled pirate attacks on two Iranian tankers during the first days of its presence in the open waters and the Gulf of Aden. The timely…
Bank of China Signs $14b Deal With China Shipping
Bank of China and China Shipping Group (CSG ) signed a global strategic cooperation agreement worth $14 billion (RMB90bln) in Beijing yesterday to develop cooperation opportunities worldwide…
Euronav Pays Bond to Buy 15 Maersk Tankers
Euronav NV will repay the US$235 million bond issued to finance the acquisition of 15 VLCC oil tankers from Maersk Tankers Singapore, following a closure of its…
