MODEC FPSO Achieves First off Brazil
MODEC, Inc. announced today that its FPSO Cidade de Itaguai MV26, operating in the Iracema Norte area of Lula field, in the Pre-Salt layer of Santos Basin offshore Brazil, has achieved First Oil production on July 31, 2015, five months ahead of the schedule anticipated under the contract. The FPSO is chartered by Tupi B.V., a subsidiary of Petroleo Brasileiro S.A. (Petrobras), under a 20-year lease and operation contract.
Tankers to Require Stability Instruments Starting 2016
Lloyd's Register informs that new stability instrument requirements will apply to all tankers constructed (keel laid) on or after January 1, 2016. These ships will be required to fit an approved stability instrument, capable of verifying compliance with intact and damage stability requirements. Oil tankers, chemical tankers and gas carriers constructed before January 1, 2016 must also comply with the requirements (by confirming or upgrading existing equipment…
ZIM Transitions Fleet to StowMan(s) Software
ZIM Integrated Shipping Services Ltd, Israel has decided to enhance its stowage planning for its containership fleet (currently 93 ships) in the future by using the software StowMan[S] from INTERSCHALT maritime systems AG, the software and services provider for maritime navigation and communications systems for ships. In addition to the stowage planning software, the contract includes equipping the ZIM fleet on-board with the Seacos MACS3 loading computer from INTERSCHALT.
MarineCFO Unveils Endurance Software
Capitalizing on its 2013 acquisition by software firm VerticaLive, MarineCFO has announced a Fall 2015 introduction of Endurance, a cloud version of the MarineCFO Enterprise Solution.
Fleet Growth Weighs on Product Tanker Earnings
Healthy returns enjoyed by the product tanker market in recent years are under threat as impending fleet growth is expected to reduce the sector’s earnings over the medium term, according to the Product Tanker Market Annual Report 2015 published by global shipping consultancy Drewry. The widespread switching of trade by product/chemical tankers (also called “swing” tankers) from chemicals to refined products has resulted in rapid growth in the product tanker fleet…
Japanese Sub Pitch puts off Australian Firms
Japan had been seen as frontrunner for Australian submarine deal, but Australian defence firms unhappy after talks with Japan. A Japanese consortium eyeing a A$50…
Obama Pushes for US Icebreakers
President Barack Obama on Tuesday proposed a faster timetable for buying a new heavy icebreaker for the U.S. Arctic, where quickly melting sea ice has spurred more…
Traders Scramble for Caribbean Crude Storage
Demand for crude storage in the Caribbean, one of the world's most important oil hubs, is rising as producers and traders try to ride out the worst price crash in…
Liam Means Business for Shipping Cluster
Enterprising student Liam Finch has been putting his summer days to good use by working on an important survey for the Isle of Man Shipping Association (IOMSA).
G E Shipping Takes Delivery of Bulker
The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of a new building Kamsarmax Dry Bulk Carrier “Jag Aakash” (81,600 dwt). The vessel was ordered…
3 Resuced from Sunken Fishing Vessel
The Coast Guard rescued three individuals from a 75-foot fishing vessel that sank approximately 12 miles southwest of Point Au Fer in the Gulf of Mexico, Monday.
APM Terminals Pipavav Starts New Ro/Ro Service
With 1,300 new Indian-built Ford automobiles loaded onto the Grand Dahlia on August 27th for delivery to Mexico, a new era for the Indian auto industry and Gujarat Port Pipavav commenced.
Nominations Invited for BIMCO Awards
BIMCO, the world’s largest international shipping association is now calling for nominations for its prestigious awards, to be presented in Hamburg in November 2015.
AFBO to Provide Security in Arctic Waters
State of the Arctic Council to establish a new mechanism to strengthen operational cooperation and coordination of activities at sea. This is dictated by the need…
First Damen Twin Axe Workboat for Middle East
Damen Shipyards Group has delivered a Damen Fast Crew Supplier (FCS) 2610 workboat, named AOS SWIFT for the Atlantic Maritime Group on 20 August 2015. This is the…
Shipboard Waste Heat Recovery Technology
Calnetix Technologies, LLC has published a White Paper describing new processes for producing supplemental power for a ship’s electrical load. The White Paper, entitled…
China Merchants Profit up 29pct
While China’s ports continue to face growth pressure, the country’s largest port operator is reaping the rewards of years of investments in overseas projects. China…
Maersk's Blend-on-Board Project to Market Soon
The Danish shipping giant Maersk has decided to commercialise its new tech invention - SEA-Mate Blend-on-Board - developed by the subsidiary Maersk Fluid Technologies (MFT), says Denmark's post.
China’s Shipyards Face Tough Times
As the shipping market continues its prolonged downturn five shipyards have filed for bankruptcy this year, reports SCMP. China's leading private shipyards are gasping…
Rotterdam to Build New Indonesian Port
The Port of Rotterdam Authority has signed a partnership agreement with the Indonesian Port Corporation Pelindo I for the development of a new deep sea port at Kuala Tanjung near to Medan in Sumatra…
