Hapag-Lloyd Buys Back US Bonds
German container line Hapag-Lloyd Hapag-Lloyd settles a high-yield dollar bond partly prematurely. The carrier would seek to pay off $125m in principal on its US…
South China Sea Hearing in Court
The Philippines has sought to debunk China's claims to disputed islands in the South China Sea, court officials said Monday (November 30) as an international tribunal wrapped up a five-day hearing…
Nearly 100 Rescued after Batam Ferry Hits Trouble
Almost 100 people were rescued when a ferry sailing toward Singapore from the Indonesian island of Batam hit a floating object and reportedly started to sink, maritime officials said.
Ship Spills Oil in Whangarei Harbour
A Hong Kong-registered ship, Ning Po, has leaked some fuel but it is unclear how much has been spilled or what the cause of the leak was, say local media reports.
Scorpio Bulkers Sells Six Ships for $227 Mln
Scorpio Bulkers Inc. has entered into agreements with unaffiliated third parties to sell two Capesize dry bulk vessels and four newbuilding Capesize dry bulk vessels…
Rocket Debris Found Near Isles of Scilly
![Photo: Maritime and Coastguard Agency](https://images.marinelink.com/images/maritime/w100h1500/photo-maritime-and-coastguard-agency-52722.jpg)
A piece of metal thought to be debris from an American space rocket was recovered from the sea off the Isles of Scilly. The metal – a large section of alloy about 10 meters by 4 meters, was spotted on the surface between Bryher and Tresco and reported to the UK Coastguard November 26. The Coastguard has issued a warning to shipping in the area. Martin Leslie, Coastal Area Commander, said, “The markings show an American flag.
NY/NJ Port Authority Sees Debt Issuance of $1.2 bln in 2016
The Port Authority of New York and New Jersey sees consolidated debt issuance of $1.2 bln in 2016 compared with $1.5 bln this year, according to its $7.9 billion 2016 budget released on Monday.
Stern Tube Lubricating Options from PANOLIN
PANOLIN America, Inc. announced it is now offering customers more stern tube lubricating options. With the success of STELLA MARIS stern tube lubricant, PANOLIN…
Gulf and Hendry Marine Consolidate Operations
Gulf Marine Repair Corporation, a southeastern tug-barge shipyard, announced it is consolidating operations with Hendry Corporation, its affiliated company and fellow shipyard…
Damen’s Norway Foray
![Aquaculture Designs: Damen’s STD-UV 3711](https://images.marinelink.com/images/maritime/w100h1500/aquaculture-designs-damens-stduv-3711-52714.jpg)
The Damen Shipyard Group’s man in Norway likes picking up the phone these days. With offshore markets in the doldrums, a unique phenomenon is occurring: “Norwegians are talking to me,” said Damen’s Norway sales boss, Remco Hottentot. Three years after opening shop in oil town Stavanger, Hottentot is expanding with a new Aalesund branch. From offshore supply and service to wind parks, fisheries and construction workboats…
The Digital Oilfield Microwave Communication Offshore Brazil
With most offshore wells in Brazil located between 30 and 300 km from the coast, communication with offshore assets has not always been straightforward or reliable.
Big IT: How Fast, How Far Will IT Drive Maritime?
![Steve Driver](https://images.marinelink.com/images/maritime/w100h1500/steve-driver-52708.jpg)
The IT industry doesn’t like to stand still. Upgrades, updates, new versions and enhanced functionality are released on a regular basis. New services are enabled, bottlenecks eliminated, more joined up operations enabled. The underlying platform remains the same but, over time, its capabilities evolve and stretch to meet changing expectations. But then, every so often, something far more dramatic comes along. We are experiencing one of these more dramatic periods at the moment.
Opportunities for Growth as Chinese Economy Evolves
![China invested more than $89 billion in renewable energy projects in 2014 – a growth of 31% on the previous year. Beijing is aiming to generate 200 gigawatts (GW) of electricity from wind and 100 GW of solar by 2020.](https://images.marinelink.com/images/maritime/w100h1500/china-invested-more-than-89-52706.jpg)
The global breakbulk and heavy-lift markets have had to navigate choppy waters in recent years. Not necessarily due to a shortage of freight, but as a consequence of unsustainably low freight rates. The global economic recovery since 2009 has been slow, and competition for the multipurpose sector has intensified due to bulkers, container lines and RoRo’s making forays into the breakbulk and heavylift market…
When Using CFD Simulations, an Analysis of Anti-Roll Tanks (ARTS)
![Maarten Kerkvliet](https://images.marinelink.com/images/maritime/w100h1500/maarten-kerkvliet-52705.jpg)
In 2014, the behavior of anti-roll tanks was studied at MARIN by using ReFRESCO CFD simulations to fully understand the working principles. In 2014, the behavior of anti-roll tanks (ARTs) was studied at MARIN by using ReFRESCO CFD simulations to fully understand the working principles. The roll motion of ships operating in a seaway often limits operations. These limits could be due to the maximum acceleration, green water, capsize risk or just comfort, for example.
Panama Canal Wait Times Back to Normal
![Photo: Panama Canal Authority](https://images.marinelink.com/images/maritime/w100h1500/photo-panama-canal-authority-52702.jpg)
Waiting times for ships at the Panama Canal have returned to normal after poor weather and a spike in traffic caused delays for several weeks, the waterway's operator said on Monday. "Today ... the line is 45 ships, which represents a maximum waiting time of two days," the Panama Canal Authority (ACP) said in a statement, noting that better weather and extra funding aimed at freeing up the traffic had reduced the bottleneck.
Bauer Gear Motor Hosts Energy Efficiency Tech Forum
![Image: Bauer Gear Motor](https://images.marinelink.com/images/maritime/w100h1500/image-bauer-gear-motor-52701.jpg)
Electric motors are estimated to consume 70 percent of all the energy used in industry. Bearing this in mind, it’s no small wonder that there is an ongoing process of legislation requiring new technologies to adhere to ever higher standards of efficiency. Bauer Gear Motor offers a range of energy efficient solutions that meet current IE2, and future IE3 and IE4, regulations; it recently hosted a technology…
Passengers Transferred from Stranded Ferry
Passengers were transferred from Indonesia-registered Sea Prince after the ferry struck a floating object after leaving the Nongsapura ferry terminal in Batam late on November 29.
VT Halter Launches Barge for Bouchard
![Photo: VT Halter Marine](https://images.marinelink.com/images/maritime/w100h1500/photo-vt-halter-marine-52700.jpg)
VT Halter Marine, Inc. (VT Halter Marine), a company of Vision Technologies Systems, Inc. (VT Systems) and Bouchard Transportation Co. announced that Barge B. No. 272 was launched on November 20, 2015. This is the second barge of two Articulated Tug Barge (ATB) units constructed for Bouchard Transportation Co., Inc. Measuring 628 feet by 91 feet by 47 feet, the barge B. No. 272 has a 250,000-barrel capacity, and is ABS and USCG certified for Jones Act service.
Volvo Penta IPS for New Tampa Bay Pilot Boat
![Photo: Volvo Penta](https://images.marinelink.com/images/maritime/w100h1500/photo-volvo-penta-52699.jpg)
The new Chesapeake-class MKII launch delivered this month by Gladding-Hearn Shipbuilding to the Tampa Bay Pilots Association features integrated engine and drive from Volvo Penta. The new 52.7-ft. 28-knot pilot boat, designed by C. Raymond Hunt Associates, is powered by twin Volvo Penta D11 six-cylinder 503 hp diesel engines with IPS2 drives and Volvo Penta EVC electronic steering and control system.
DNV GL Certifies Ruppel Hydraulik QM System
Ruppel Hydraulik announced it will be able to process future projects in ship, port and offshore technology more efficiently following the certification of its…