MHI Hybrid Turbochargers Awarded for Efficiency
Hybrid Turbocharger developed by Mitsubishi Heavy Industries Marine Machinery & Engine Co., Ltd. (MHI-MME), received the President Award 2015 in the 36th Energy…
First Certified Sustainable Shipping Loan
Issuer Anthony Veder Group, sole arranger ABN AMRO and sole investor Delta Lloyd Asset Management announcd today that the Anthony Veder €66 million euro private…
W&O Inks Distribution Deal with Tranberg
W&O, a global supplier to the marine and upstream oil and gas markets for pipe, valves and fittings, valve automation, and engineered solutions, announced a new OEM partner, Tranberg. A member of R.
Magellan Midstream Eyes Crude Exports out of Houston
Magellan Midstream and LBC Tank Terminals are actively looking to develop crude export capacity at their joint venture in Houston, Texas, Magellan chief executive…
New DNV GL Notations for Water-lubricated Tail Shafts
Two new tail shaft monitoring class notations from DNV GL offer ship owners and operators the possibility of unlimited intervals between tail shaft withdrawal surveys for water-lubricated systems. With these two voluntary class notations, TMON (closed loop water) and TMON (open loop water), DNV GL becomes the first classification society to use a condition-monitoring based survey process that eliminates the requirement for tail shaft withdrawal surveys at predetermined intervals.
Nauta Yard Launches Offshore Vessel
Nauta Shiprapair Yard launched a partly outfitted service offshore vessel, Esvagt Njord, built for Norwegian client, Havyard Ship Technology. Taking place on January 22, the launching marks Nauta’s first in 2016. The contract for this unit was signed roughly a year ago, and today the ship launched from the slipway B1. Esvagt Njord was built at a rapid pace, simultaneously with other ship construction…
SCHOTTEL Enters 2016 with Bag of Orders
SCHOTTEL, a manufacturer of propulsion and steering systems for ships and offshore applications, reports it has entered into 2016 with a bag full of new orders. The December orders underpin again the role the German manufacturer plays in the tug market. SCHOTTEL closed 2015 with eight orders for ASD tugs and a Rotor Tug with bollard pulls from 50 to 80 tons. The orders are covering the whole range of vessel types – tugs…
Vessel Demand Concerns Extend Baltic Index Fall
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, extended its record low run to a 14th straight session…
Stena Bulk Takes Delivery of Product Tanker
The chemical and product tanker Stena Imperative has been delivered from the Chinese shipyard CSSC Offshore & Marine Engineering (CSSC OME), formerly Guangzhou Shipyard International (GSI), in Guangzhou. The naming ceremony will be held in Hong Kong on January 26, 2016. The newly built IMOIIMAX tanker (length: 183 meters; beam: 32 meters) is equivalent in size to a 50,000 deadweight ton MR tanker and is equipped with 18 tanks…
Box Rates Drop, Chinese New Year No Help
Falling shipping freight rates for transporting containers from Asia to Northern Europe on Friday showed there was no traditional surge in cargo exports from China ahead of the Chinese New Year…
China Pull Online Rig Location after Vietnam Complaint
Chinese maritime officials on Friday removed an online notice giving the location of a $1-billion deepwater oil rig in the South China Sea two days after issuing it…
Migrant Vessel Sinks off Greece, 34 Dead
At least 34 people, including 11 children, drowned when their wooden vessel sank off a Greek island close to Turkey on Friday, the Greek coastguard said, in what…
EGAS: BP LNG Cargo Postponed, Denies Payment Trouble
Egypt's state-owned EGAS said on Friday it had postponed a liquefied natural gas (LNG) delivery from BP last month until later this year, rejecting suggestions there were any payment difficulties.
Hapag-Lloyd Gets New Logo, New Name
The 125 years old German cruise operator, Hapag-Lloyd, has unveiled new branding, along with a modest name change, that will help promote the luxury cruise line to a global audience.
Southeast Asia Dominates Maritime Crime Globally
Southeast Asia continues to dominate maritime crime incidents globally, with 236 reports of piracy and maritime crime instances occurring in the region since 1st January 2015…
Container Volumes to Improve 2016: Maersk
Nils Smedegaard Andersen chief executive officer of A.P. Moeller-Maersk A/S said the Container volumes have picked up this year after the market suffered from sluggish growth and overcapacity in 2015…
CMA CGM Ups NOL Stake to 2.32%
French container shipping group CMA CGM bought an additional 2.4 million shares in takeover target Neptune Orient Lines (NOL) from the open market on Thursday at $1.235 and $1.24 per share…
CMA CGM Suspends TBL Service to Bamako
Due to operational constraints, CMA CGM informs its customers that the rail service from Dakar (Senegal) to Bamako (Mali) is suspended until further notice. In order to ensure service continuity…
Greece Okay's China's Cosco Improved Bid
The state privatization fund Hellenic Republic Asset Development Fund (HRADF) of Greece has accepted a “significantly improved” offer from China’s Cosco Group for…
Borouge, Maersk Agree to Reduce CO2 Emissions
Abu Dhabi-based petrochemical company Borouge signed an agreement with Maersk Line to reduce carbon dioxide emissions for their shipments. Besides being the first…
