Asia VLCC rates Steady at Five-Year High
MidEast-Japan rates top $111,000 a day, highest since June 2010. Freight rates in Asian trades for very large crude carriers (VLCCs) are likely to remain firm as…
Contracting in Dry Bulk Remains Low - BIMCO
The current newbuilding prices for dry bulk ships has dropped so much that they just passed the lows of 2012 heading downwards and are now at the lowest level since 2003.
HMAS Melbourne Seizes $44.5 mln Heroin
HMAS Melbourne recently seized 151 kilograms of heroin worth an estimated $AUD44.5 million from a dhow off the east coast of Africa. The drug haul is the second…
Swedish Club Maintains Balanced Approach
The Swedish Club has announced a zero per cent General Increase for 2016, in a move which supports the continued balanced approach adopted by the Club considering the state of the global shipping.
NLRB Holds ILWU Guilty of Labor Law Violations
For the second time in ten weeks, the National Labor Relations Board (NLRB) has affirmed the decision of an administrative law judge that the International Longshore…
Svitzer Acquires Two Damen ASD Tugs
Svitzer has taken delivery of two Damen ASD Tugs 3212 in the UK. The initial contract was signed at the Tugnology 2015 event, which took place in London in May.
Strategic Marine’s Two Vessels Ready for Delivery
Strategic Marine, the specialist shipbuilder and fabricator, confirmed today that its most popular high-tech stock vessels are now available for immediate delivery.
ABB to Power Futuristic Hybrid Ferry
ABB will provide the technology integral to one of the most innovative ship designs ever seen on the Norwegian fjords. The ferry will couple its striking appearance…
TCC, USC Join Forces to Cut Emissions
Leading Hong Kong ship-owner Tai Chong Cheang Steamship Co. (TCC) and the University of Southern California’s Viterbi School of Engineering (USC) announced a significant…
Campaign to Cut Haulage Miles
Peel Ports announced that it has secured 50 advocates for its Cargo200 initiative and is urging other shippers in the North-west to add their weight to the campaign.
European Shipping Policy Seeks Global Cooperation
Global cooperation must remain an absolute priority of European shipping policy. That was the principal message of ECSA’s contribution to the Senior Maritime Forum of Marintec China…
Marorka to Deploy Vessel Performance Solutions
Abu Dhabi's ADNATCO & NGSCO, the shipping arm of ADNOC and its group of companies, has signed an MOU with Marorka, incorporated and registered in Iceland, a leading…
Oil Tanker Rates Soar
The cost of shipping crude surged to all destinations, amid speculation that bookings are increasing to load crude. According to a report in Bloomberg, the oil tanker…
Ship Owners to Get Complete “LNG Solution”
Alliance between Siemens Drilling and Marine, Dresser-Rand—A Siemens Business, and Lloyd’s Register provides end-to-end solution to guarantee availability of LNG as marine propulsion fuel.
Korea's Ship Building Orders Dip to 6-Year Low
South Korean shipbuilders' new orders in November fell to the lowest level in six years amid woes over their growing losses, Yonhap reports. Meanwhile, Chinese rivals…
TMS Cardiff Orders Two More LPG Carriers
The Economou family's TMS Cardiff Gas Ltd. has exercised options on its contracts with Hyundai Heavy Industries of Korea for the construction of an additional two 78,700 cbm LPG carriers.
CMA CGM Secures Bank Funding for NOL Takeover
CMA CGM has secured the necessary financial backing to proceed with an acquisition of Singapore's Neptune Orient Lines (NOL), Reuters reports, citing two people said to be familiar with the matter.
Reintjes: Changing Gears
Reintjes is a name known well in maritime circles, a German engineering and manufacturing company which has designed and built some of the most rugged gearboxes on the waterways. Klaus Deleroi took the helm at Reintjes in January 2015, and he is in the midst of steering a change in mindset at the company: a mindset that is more customer-centric to better understand and fulfill the needs of the people and companies that own and operate vessels.
No More ‘Tug Dilemma’
An ABB-chartered cable-layer ordered in September 2015 might be the only hybrid battery-powered offshore service vessel (OSV) in anyone’s new-build program right now, but don’t say that to the ABB man who led the team that designed the radical electrical system, Onboard DC Grid. The new cable-layer design is the first OSV since the Dina Star to boast a new DC Grid, but in the coming months, “There could be several more,” said ABB Global Product Manager, Johan Olav Lindtjorn.
Shipbuilding: Inland Towing Thunderstruck
Eastern Shipbuilding offers the 4,200 hp Thunderbolt inland towboat designed around twin azimuthing Verhaar Omega electric V-Pod propulsion and diesel-electric technology. The ESG approach was collaborative, with input from operators, naval architects (Gilbert Associates, Inc. (GAI)) and propulsion OEM’s (Verhaar Omega: since 2012, 19 Omega V-pods have been installed and are in service in Europe on various types of vessels). Thunderbolt will be built to ABS rules, but will not be classed.
