IFC Plans $2 bln Investment in Egyptian Infrastructure, Power
The World Bank's development arm plans to invest between $1.2 billion and $2 billion in Egypt over the next four years, including around the Suez Canal, its regional director told Reuters.
Thunderbolt: Eastern Delivers Innovative Towboat
Eastern Shipbuilding Group, Inc. introduced its new 120-ft., 4,200-hp Inland Towboat design, Thunderbolt, combining twin electric V-Pod propulsion and diesel-electric technology for what the builder calls its “vision of the future for the U.S. Eastern said the idea for the Thunderbolt came from a conversation at a trade show. On the rivers, thruster propulsion systems are starting to get noticed and…
Workboat Interior Outfitting: Decorated for Success
The trend to properly outfit the interiors of today’s workboats goes far beyond the new Maritime Labor Convention. Instead, it’s about doing the right thing for the right reasons.
Imabari Invests in Shipbuilding
Imabari Shipbuilding Co., Ltd. secured newbuild orders with the cooperation of Marubeni Corporation for eleven 20,000TEU Ultra-Large Container Carriers, when delivered…
Shipyard Shakedown
Shipyard selection, whether it involves newbuild or repair, can be a daunting task. It doesn’t have to be that way. Selecting a shipyard is a challenging proposition, an investment really, but how does one choose the right one? Location, capabilities, price, and availability are always among the first variable to consider. Equally important, but sometimes relegated to secondary concerns are craftsmanship, safety, integrity, and technology.
Spliethoff Chooses Imtech for VSAT Network
Spliethoff Group, one of the largest ship management companies in the Netherlands, has awarded Imtech Marine a three-year extension contract for the supply of a broad-ranging Ship to Shore Communications service on the global VSAT network of Radio Holland. Radio Holland is Imtech Marine’s solution brand for Nav/Com and maintenance. Amsterdam-based Spliethoff Bevrachtingskantoor BV and Radio Holland have worked together for decades and 27 vessels are already connected.
Employee Representatives Elected to NORDEN Board of Directors
The new employee representatives will join the Board of Directors immediately following the annual general meeting, which will be held on Thursday, April 23, 2015. The present employee representatives Ole Clausen, Anne-Katrine Nedergaard and Lars Enkegaard Biilmann will withdraw from the Board of Directors immediately following the annual general meeting on April 23, 2015. However, Lars Enkegaard Biilmann will join the Board of Directors again as he has been reelected.
Light-Off for Pasha’s New ConRo
ConRo vessel M/V Marjorie has attained main engine light off while under final construction at VT Halter Marine, Pascagoula, Miss., signaling that the ship’s complex network of systems is complete and functional prior to delivery to Honolulu-based Pasha Hawaii. Sea trials are now anticipated before the end of the month, with vessel delivery to follow in March. “This critical milestone celebrates the…
Drydocks World Completes NDC Rig Repair
Drydocks World informs it has completed a refurbishment project on the National Drilling Company’s (NDC) offshore drilling Rig Beynouna. Drydocks World’s rig services and offshore project management methodology turned around the major repair on Rig Beynouna ahead of schedule in 28 days. Drydocks World has previously completed numerous projects for NDC, progressively increasing its strategic alliance over the years.
LNG Barge: Conrad to Build Historic First
WesPac Midstream LLC (WesPac) and its affiliate Clean Marine Energy LLC (CME), announced a construction contract with Conrad Orange Shipyard, Inc., a division of Conrad Shipyard, LLC, to build the first dedicated LNG bunker barge for the marine market in North America. The first 2,200 cu. m. (cbm) barge is expected to be delivered in early 2016 and planned to initially be deployed in Tacoma, Wash.…
Push Boats: From Turkey to Brazil
The shallow draft market in South America continues to strengthen, powered by orders such as Hidrovias do Brasil S.A. 2013 deal for eight HB Pushboat ASUNCION-PYs, which represents a new generation of powerful Shallow Draft River Push Boat designed specifically for South America inland waterways logistics. Robert Allan Ltd. (RAL) designed and Vienna Model Basin optimized, the total deal for eight push boats is customized for Hidrovias do Brasil S.A.…
Great Lakes Ore Trade Off to a Slow Start
Shipments of iron ore on the Great Lakes totaled just 800,000 tons in March, the lowest level for the month since 2010 and nearly 60 percent below the month’s five-year average…
Greek Fleet (Still) Rules
Since ancient times, maritime trade has been a backbone of Greece’s economy with shipping playing the dominant role. Today, it is the second largest contributor to the national economy after tourism.
Diana Containerships Takes Delivery of Panamax Ship
Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, has announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/v YM Los Angeles, a 2006-built Panamax container vessel of approximately 5,000 TEU capacity that the Company entered into an agreement to purchase on March 19, 2015. The YM Los Angeles is chartered to Yang Ming (UK) Ltd.…
Genco Shipping & Trading to Acquire Baltic Trading
Genco Shipping & Trading Limited and its subsidiary Baltic Trading Limited has announced that they have entered into a definitive merger agreement under which Genco…
LNG, Oil tankers Diverted from Yemen
Aden Refinery temporarily suspends tender process to import; Gasoil shipment headed for Yemen diverted towards Singapore. SINGAPORE, April 9 (Reuters) - At least…
Refineries Revolution Spurs Product Supertankers
The rapid growth of mega refineries is prompting a new class of oil products supertankers, mirroring an earlier revolution in crude oil shipping, as traders look…
UK Summons Argentine Ambassador over Falklands' Comments
Britain said on Thursday it had summoned the Argentine ambassador to explain the latest war of words over the disputed Falkland Islands which included a threat to…
China Defends South China Sea Reclamation
China on Thursday sketched out plans for the islands it is creating in the disputed South China Sea, saying they would be used for military defence as well as to…
TransAtlantic Container Service to Härnösand
TransAtlantic announced a new port of call in North Sweden by adding port of Härnösand to our TransFeeder North product connecting the Bay of Bothnia and the continent.
