Oil Prices Should Not Impact Dual-fuel LNG Carriers
Joe McGladdery, a partner with the London law offices of Wikborg Rein & Co, says that, while falling oil prices have exerted pressure on the LNG charter markets, the new generation of low-speed, dual-fuel LNG carriers now in service and on order remain an attractive option for owners and operators. McGladdery notes, “As a result of the oil price collapse, energy companies are reducing capital budgets to protect against falling revenues.
Coalition Calls for Action on Vessel Discharge Legislation
The American Waterways Operators (AWO) and a broad-based coalition of organizations that rely on marine vessels to transport essential cargoes said a uniform national…
Abu Dhabi Ship Building to Deliver 3 UAE Warships by 2016
Abu Dhabi Ship Building Company will deliver three Baynunah warships to the United Arab Emirates Navy by 2016 and is in discussions with other buyers to sell more, its chief executive said on Monday. "There are discussions with some of the Gulf Cooperation Council countries as well as other international ones. Hopefully there will be something in the future," Khaled al-Mazrouei said on the sidelines of the Naval Defence Conference.
Maersk May Reward Shareholders as Oil Unit Suffers
Danish conglomerate A.P. Moller-Maersk may announce a second share buyback scheme in its 110-year history as early as Wednesday, analysts said, allowing it to reward…
ABB to Boost Fuel Efficiency of New Bulkers
Pioneer Marine’s newbuilds will feature OCTOPUS-Onboard fuel monitoring system to support the crew’s decision-making. ABB Group company Amarcon will deliver Ship Energy Efficiency Management Plan (SEEMP)-compliant OCTOPUS-Onboard fuel monitoring systems for 12 Handysize bulk carriers that will be built by YangZhou GuoYu Shipbuilding Co., Ltd and delivered to the Singapore based owner Pioneer Marine Inc. in 2015 and 2016.
WWII Museum’s PT Boat Readies for Passengers
A cadre of volunteers navigate the regulatory labyrinth and a host of safety requirements to bring back to life an enduring symbol the nation’s can-do spirit and resiliency. Early next year, a 78-foot Patrol Torpedo 305 boat, being restored at the National WWII Museum, should be U.S. Coast Guard compliant and ready for passengers. The fast-attack PT-305, equipped with cannons, torpedoes and machine guns, served in the Mediterranean in 1944 and 1945, operating from Bastia, Corsica.
Powering Ahead with a Clean Design
The Shearer Group and Conrad Shipyard collaborate on an ABS approved LNG Towboat Design. What happens next could change inland shipping forever. The December announcement that Conrad Shipyard, L.L.C.
NOIA: Don’t Freeze US Opportunity with Arctic Regulations
National Ocean Industries Association (NOIA) President Randall Luthi issued a statement in response to the Obama Administration’s proposed Arctic Regulations on offshore oil and gas production…
US Beef, Pork Stocks Rise as Port Dispute Ends
Chicago Mercantile Exchange live cattle futures will likely edge upward on Monday on short-covering and last weekend's West Coast labor dispute agreement, traders said.
70 Dead in Bangladesh Ferry Collision
At least 70 people died when a ferry carrying 150 passengers and crew capsized after colliding with a trawler on a river in central Bangladesh, police said on Monday.
Sulphur Experts to Meet in Denmark
Experts from all Sulphur Emission Control Area (SECA) countries will meet in Denmark on February 25 and 26 to find solutions to the legal and technical challenges presented by the stricter sulphur regulations, the Danish Maritime Authority (DMA) informed. Representatives from all 16 SECA countries and the European Maritime Safety Agency (EMSA) will meet at the Konventum Conference Centre in Elsinore…
BWMC's Entry Into Force Imminent
Jacqueline Tan, Senior Claims Executive at the UK P&I Club, commented on the ballast water management controls coming into force: “The coming into force of the…
Inflatable Liferaft Service Requirements Amended
SOLAS regulation III/20.8 requires inflatable liferafts to be serviced at intervals not exceeding 12 months. It also requires the servicing to be carried out at…
Middle East Shipping Routes Secure: U.S.
Shipping corridors used by Gulf energy exporters are not at risk from violence and political volatility in Yemen and the seizure of swathes of territory in the region by Islamic State militants…
Tankers Idle at Big Stone, Puzzling Some
Late last November, the tanker Olympic Flag carrying 650,000 barrels of Angolan crude dropped anchor about 7 miles off the coast in Delaware Bay, a seemingly routine…
Bangladesh Ferry Capsizes after Collision, 33 Dead
At least 33 people died in Bangladesh on Sunday when a passenger ferry capsized after colliding with a trawler on the river Padma with more than 100 people aboard, police said.
Refinery Strike Affects One-Fifth of U.S. Capacity
The largest U.S. refinery strike in 35 years entered its fourth week on Sunday as workers at 12 refineries accounting for one-fifth of national production capacity were walking picket lines.
French Aircraft Carrier Begins Iraq Ops
France's Charles de Gaulle aircraft carrier has started military operations against Islamic State in Iraq, a French army source said on Monday. "The carrier and…
Tenaga Hits Opposition to Port Operator Move
Tenaga Nasional Bhd , Malaysia's largest power group, hit an obstacle in its attempt to take over Integrax Bhd after a leading shareholder of the port operator rejected its offer on Monday.
Adani Hazira Port Handles Record Rock Phosphate
Adani Ports and Special Economic Zone (APSEZ) today said its Hazira port had recently handled a record quantity of rock phosphate of 188,684 metric tonnes, highest…
