Qatari Shipper Nakilat Q2 Net Profit Gains 12.3 pct
Qatar Gas Transport Co (Nakilat), one of the world's largest shippers of liquefied natural gas, posted a 12.3 percent increase in second-quarter net profit on Tuesday…
Comfort, Efficiency the Focus for New Offshore Vessel Concept
Dedicated ship design office HEAVYLIFT@SEA has partnered with service provider to the offshore industry SeaRenergy to produce a new vessel design that is poised to benefit from best practice from both worlds: ship design and offshore experience. According to the designers, the new 72-meter vessel targets both efficiency and comfort, developed with a focus on minimizing losses during operation but still with a cost efficient propulsion arrangement (ERN 99…
General Cargo Dominates Seaway Traffic in June
June was an active month for U.S. ports receiving a variety of general cargo shipments through the St. Lawrence Seaway. “What’s notable about the June tonnage numbers were increases in the export of U.S. grain to Europe and the import of aluminum and steel to the ports of Cleveland, Toledo, Oswego, Detroit, and Burns Harbor. Cargo activity like this is a true reflection of just how hard our port representatives are working to market their operations to current and potential customers worldwide…
Huisman Holds Ceremony for Massive Tub Cranes
Huisman held a steel cutting ceremony together with Heerema for the two Heerema 10,000mt Tub Mounted Cranes at their facility in China On Wednesday, 1 July. These world’s largest cranes will be installed onboard Heerema’s new semi-submersible crane vessel. The steel cutting event signifies a major milestone for the project to proceed to its construction phase to meet the delivery schedule by the end of 2018.
Marine Construction: Equipment Drives Efficiency
Driving over a bridge, walking on a pier or even docking a boat are activities most people take for granted. Have you ever given any thought to how those structures are constructed over water with the ability to last for generations? For a marine construction company these projects are their lifeblood and it’s their skill and ability to build challenging marine environments around rivers, oceans and even swamps that make complex marine structures possible.
Train Lobby Pushes to Weaken Safety Rule
Billionaire investor Warren Buffett is set to be a chief beneficiary of a bid by Senate Republicans to weaken new regulations to improve train safety in the $2.8 billion crude-by-rail industry…
Brazil: Discount Rate Unveiled for Port Auctions
The Brazilian government on Tuesday unveiled the discount rate that will be used to calculate internal rate of returns on as many as 29 port operation licenses that…
Wartsila to Equip Giant Dredger
A contract has been signed with the Tianjin Dredging Company, part of the China Communication Construction Company (CCCC) and the recently founded Dredging Group…
Decommissioning of Maersk Endurer
Maersk Drilling has decided to decommission the rig Maersk Endurer from the fleet and recycle the rig with Zhoushan Changhong International Ship Recycling in China.
Bosphorus Strait Further Closure
Inchcape Shipping Services (ISS) is advising that the Bosphorus Strait in Turkey will be closed in both directions on 15 July between 07:00-14:00 approximately due…
Evergas Acquires first Multigas LNG vessels
Evergas’ latest additions to its fleet, two ‘dragon class’ 27.500 cbm multigas LNG carriers, were successfully named today at a ceremony at the Sinopacific Offshore…
DP World, Emirates Shipping Launch GLX
DP World and Emirates Shipping Line (ESL) today announced the launch of a new shipping service GALEX (GLX), a consortium of four vessel operators – ESL, KMTC, RCL and Hanjin.
Diana Finds Work for Panamax Duo
Diana Shipping Inc., today informed that through a separate wholly-owned subsidiary, it entered into a time charter contract with Cargill International S.A., Geneva…
TOS, AutoGates Boost Liverpool Port Throughput
Peel Ports, owners and operators of the Port of Liverpool, has achieved a major milestone in its multi-million investment programme to transform the port into Europe’s…
RAstar Tugs Selected Again for LNG Terminal Support
The Robert Allan Ltd. RAstar Series tugs are well proven LNG terminal support/escort tugs, in operation at major LNG facilities worldwide, including terminals in the United Kingdom…
Adani Gets Green Signal on Vizhinjam Port Project
The Kerala state government has issued an order to hand over consent letter to Adani Ports and Special Economic Zone Ltd (APSEZ) for establishing the Vizhinjam port.
British Columbia Readies for LNG Industry
British Columbia Finance Minister Mike de Jong has tabled a bill designed to spell out the rules for a proposed $45-billion liquefied natural gas (LNG) industry…
IOC Books 1 Mtpa Capacity at Swan LNG Terminal
Indian Oil Corp. has booked one million tonne a year capacity in Swan Energy’s proposed LNG terminal at Jafrabad in the Indian state of Gujarat, B Ashok, chairman said.
Two Bulk Carriers Collide near Zhoushan, One sank
General cargo vessels Wan Li 8 and Heng Run collided in early morning on July 13 in position some 25 nm northeast from Zhoushan, 80 nm southeast of Shanghai, leading to the sinking of Heng Run.
Scorpio Buys Two Product Tankers
Scorpio Tankers has purchased an MR product tanker, currently under construction at Hyundai Mipo Dockyard, for around $37mln and a LR2 product tanker, currently…
