2016 a Busy Year for VLCC Deliveries - BIMCO
When it comes to delivering brand new VLCCs from shipyards in South Korea and China to owners and investor across the globe, 2016 is off to a flying start. Six new VLCCs were delivered in a strong winter market. Having reduced slightly, since the turn of the year, VLCC average earnings currently sit at $50,000 per day, in early February, reports BIMCO. For the full year, an additional 58 VLCCs are scheduled for delivery…
Hapag-Lloyd Buys 2 Ships for S.America Trade
Hapag-Lloyd has taken delivery of two wide-beam 3,500-TEU ships from the Dutch shipping company NileDutch for an undisclosed purchase price. The two 2015-built containerships…
GTT, DSME Partner for NO96 Max Development
GTT, a designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG), has signed a cooperation agreement with…
Caterpillar Names Official Dealer for Cuba
Caterpillar Inc. has named privately owned Puerto Rico-based company Rimco as the official Cat dealer for Cuba. Rimco, a longtime Cat partner, currently serves as…
Wärtsilä Supporting Japan's 'Gas Age' Shipping
A total of 16 new gas carrier ships being built in Japan for Japanese owners are to be powered by Wärtsilä dual-fuel engines capable of running on liquefied natural gas (LNG) or conventional diesel fuels. Wärtsilä's said its experience and technological capabilities in gas fuelled propulsion solutions were cited as being key factors in the award of these contracts – all placed between the second half of 2014 and December 2015.
BMT Provides Ferry Design for River Murray
BMT Design & Technology Pty Ltd (BMT), a subsidiary of BMT Group Ltd, has completed a design project for the South Australian Government’s Department of Planning, Transport and Infrastructure (DPTI). Working in partnership with the DPTI, BMT has developed a replacement design for ferries that operate on the River Murray, the third longest navigable river in the world, after the Amazon and Nile. The steel hull…
Parker Bestobell to Supply Valves for FSRU Newbuilds
Parker Bestobell Marine has recently completed a contract to supply cryogenic Globe and Check valves made in Sheffield, for Hoegh LNG’s series of five FSRUs (Floating Storage Regasification Units) that are being built at Hyundai shipyard (HHI) in South Korea. The high quality valves were a combination of manual, pneumatic, actuated and check valves in sizes DN15 to DN100 and were approved by the Class society DNV.
U.S. Okays ConocoPhillips Alaska LNG Exports
The U.S. Department of Energy approved ConocoPhillips' application to export about 40 billion cubic feet of natural gas from its Kenai liquefied natural gas export…
Brazil Agricultural Waterway Finally Reopens
Brazil's Tiete-Parana waterway, a key transport corridor for soybeans, corn, cellulose, fertilizer and other agricultural products, has reopened after a 20-month…
Maersk CEO Looks to Increase Market Share
A.P. Moller-Maersk's chief executive said its container shipping arm Maersk Line probably gained market share in the second half of 2015 after losing some in the first half of the year.
Gamesa, Siemens Negotiating Wind Merger Terms
German engineering group Siemens and Spanish renewable energy group Gamesa are in final negotiations on a deal to merge their wind power assets, two sources familiar…
Maersk Writes Down Oil Assets
Writedown pushes company into red in fourth quarter; 2016 profit to fall short of previous year. Denmark's A.P. Moller-Maersk tumbled to a loss of $2.5 billion in…
Maersk, MSC, 13 Others Offer to Settle EU Probe
Companies offer to announce actual prices, not future plans. Shipping container groups Maersk, MSC and 13 other companies have offered to change their pricing practices…
$55M Berth Upgrade in Townsville Port
Townsville contractor CivilPlus Constructions has been awarded the design and construct tender for the primary wharf works component of Port of Townsville’s $55 million Berth 4 Upgrade project.
Container Weighing at Felixstowe Port
The Port of Felixstowe has confirmed that it will offer a container weighing service to ensure UK shippers are able to comply with new international regulations…
Aker Joins Johan Sverdrup Phase 2 Study
Aker Solutions will deliver a concept study on a new processing platform for future phases of the Statoil-operated Johan Sverdrup North Sea field, Norway's largest oil find in three decades.
Bibby Tops IoM Ship Management
Bibby Ship Management is once again the largest representative for vessels flying the Isle of Man flag in providing representative services for 30% of vessel tonnage registered on the island.
Maersk Profit Down 82%
Danish shipping and energy conglomerate Maersk Group delivered a profit of USD 925m for the full year ending December 31st 2015, against USD 5.2bn reported in 2014, a drop of 82%.
GTT, DSME Ink Cooperation Deal
GTT, the world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas) announces the signature…
I-Tech Gets Large Market Recognition of Selektope
Following the approval of Selektope under the EU’s Biocidal Products Regulation, developer I-Tech reports extraordinary uptake for antifouling coatings that include…
