Hybrid Marine Power & Propulsion Conference: Program Announced
The Hybrid Marine Power & Propulsion Conference being held at the RNLI College in Poole, U.K., October 6-8, will bring together an international group of experts armed with the latest knowledge that will assist the sub IMO professional sector to understand the possibilities of utilizing hybrid systems. The aim is to identify the potential for hybrid systems for specific sectors, including diesel / electric / battery for workboats…
OPEC Sees Oil Prices Returning to $80/Barrel by 2020
OPEC forecasters expect oil prices will rise by no more than $5 a barrel a year to reach $80 by 2020, with a slowing in rival non-OPEC production growth not enough to absorb the current oil glut…
Blount Delivers USCG Subchapter “D” Tank Vessel
Shipbuilder Blount Boats delivered a 79-foot bunkering tanker, Chandra B, to American Petroleum and Transport, Inc. in New York on September 6. Designed by Farrell & Norton Architects and built to USCG Subchapter D specifications, the new vessel will operate in New York Harbor and New Jersey, replacing the Captain Log. The vessel is equipped with two Tier III Cummins Model QSL9, six-cylinder diesel engines rated at 330hp at 1…
House Panel Passes Bill to Repeal US Oil Export Ban
A bill to repeal the 40-year-old ban on U.S. crude oil exports was passed on Thursday by the House of Representatives energy panel. The legislation, which passed 31 to 19…
TOTE Shifts Maritime Companies under Unified Brand
U.S. Jones Act carrier TOTE announced it has shifted operating companies Totem Ocean Trailer Express and Sea Star Line, respectively serving the Alaskan and Puerto Rican/Caribbean markets. Going forward, the companies will be known collectively as TOTE Maritime. Sea Star Line has delivered goods to Puerto Rico for more than 30 years with twice weekly reliable service that is responsible for goods traveling from the U.S.
Boston Harbor Cruises Named a Top Small Business
The Greater Boston Chamber of Commerce has named passenger vessels operator Boston Harbor Cruises (BHC) as the 2015 Small Business of the Year Awards top honoree. The Small Business of the Year Awards recognizes Greater Boston’s smaller for-profit companies, with annual gross revenues of more than $1 million, who display strong financial performance, achievement in management, workplace excellence, product innovation and community and social responsibility.
Great Lakes Ore Trade Dips in August
Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 5.9 million tons in August, a decrease of 19 percent compared to a year ago, according to the Lake Carriers’ Association (LCA). LCA said the ore trade was suppressed by continued high steel imports levels, as well as three of the largest U.S.-flag lakers out of service for repair work for the majority of the month. Shipments from U.S.
D’Appolonia Takes Majority Stake in SeaTech
D’Appolonia, the independent engineering consulting company of RINA Group, headquartered in Italy, announced it has acquired a majority stake in Fano-based SeaTech Srl. According to D’Appolonia, the acquisition aims to strengthen its position in the marine offshore oil and gas sector. SeaTech provides analysis and design services, manages projects for offshore pipelines, subsea systems and structures and met-ocean monitoring systems, and also provides engineering supervision services on site.
Hamburg Süd Christens Cap San Vincent
Hamburg Süd christened its new containership, Cap San Vincent, at a ceremony at Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) shipyard in Okpo, South Korea, Wednesday. The final vessel in a series of three identical new builds, Cap San Vincent’s christening follows the launch of sister ships Cap San Juan and Cap San Lazaro earlier this year. The three containerships are part of the Cap San series, the largest in Hamburg Süd’s fleet.
Transas T-Bridge Installed on Ice Class Vessels
Transas Marine informs it has installed and commissioned the Transas T-Bridge integrated bridge systems aboard three ice class vessels built by Keppel Singmarine, the specialized shipbuilding subsidiary of Keppel Offshore & Marine. Transas supplied Integrated Bridge Systems including full navigation systems, external and internal communication systems and CCTV. Transas said its T-Bridge is designed to add further safety to navigation…
Wilhelmsen CEO Fends off Margin Pressure
Logistics group Wilh. Wilhelmsen Holding and its listed shipping arm, Wilh. Wilhelmsen ASA, presented an update to their strategy on Thursday. "We are very much correlated to world trade.
Asia Dry Bulk-Capesize Rates to Climb
Shipowners confident rates will climb on tighter tonnage supply; Shipowners seek rates premium for Australian coal cargoes. Freight rates for capesize bulk carriers…
Man Rescued from Willamette River in Portland
The Coast Guard rescued a man from the Willamette River after his sail boat capsized near the St. Johns Bridge, in Portland, Sunday night . The man was delivered…
Kalmar, RCI JV Begin Jetty Construction in Taicang, China
Kalmar, part of Cargotec, and Rainbow-Cargotec Industries Co., Ltd (RCI) celebrate the ground breaking of a new jetty at RCI's facilities in Taicang, China today.
Cole Quits Beach Energy
Beach Energy Ltd announced today that Robert Cole resigned as Managing Director of the company. Mr Cole will remain with Beach until 14 October 2015 to allow for an orderly transition.
IMTRA Debuts AcXent LED Linear Lighting System
IMTRA announced today the release of the AcXent LED Linear Lighting System. AcXent is a linear LED solution that provides customized overhead and accent lighting…
Risk Profile of Hull Market Improving - IUMI
IUMI – the International Union of Marine Insurance – at its annual conference in Berlin yesterday announced that global hull premiums for 2014 totalled USD 7.6bn, a 5.8% reduction from 2013.
Global Maritime Files for Bankruptcy
Dry-bulk shipper Global Maritime Investments Cyprus Ltd. filed for chapter 11 bankruptcy protection New York Tuesday in order to liquidate its business due to a continued industry downturn…
Cyber Safety Tops the List for Shipping
ABS Chairman, President and CEO Christopher J Wiernicki has set out his priorities as incoming IACS chairman, emphasizing the unique role the organization plays…
China Exim Bank Backs Seaspan
Seaspan Corporation has lined-up a $1bn worth of export credit facilities with the Export-Import Bank of China (CEXIM). Seaspan has signed a Framework Cooperation…
