Daewoo's Worldâs First Floating LNG Plant for Petronas
Daewoo Shipbuilding & Marine Engineering completed a floating liquefied natural gas (FLNG) project called âfloating LNG plantâ for the first time in the world. TheâŠ
CMA CGM Volume Strong, Profit Dips
French carrier CMA CGMâs revenue and profit slipped last year despite a 6.3 percent volume increase, but the company said itâs counting on cost cuts and the pendingâŠ
Drewry: HMM, Hanjin Mull Merger
A merger between Hyundai Merchant Marine (HMM) and Hanjin Shipping remains a real possibility, says the London-based analyst firmDrewry, who has looked at how such a company will look like.
Eagle Bulk Gets Another Few Days
Lenders to Eagle Bulk Shipping Inc gave it a few more days to negotiate a deal to boost its liquidity and avoid default. The supramax specialist Eagle Bulk has extendedâŠ
Versatile Tug for Port of Toronto
When the Port of Torontoâs 45-year-old single screw tug, William Rest, got some hull damage while breaking ice, the incident lent new impetus to plans for a new boat.
Shipwreck off N.Carolina Believed to Be Civil War-era Steamer
A shipwreck discovered off the coast of North Carolina is likely one of three Confederate blockade runners known to have been lost in the area, archaeologists said on Monday.
US Ports Require Investment Uptick
U.S. U.S. ports and our marine transportation system â and the hardworking men and women behind these operations â are essential drivers of the American economy. Every day, our ports and waterways handle millions of tons of domestic and international cargo, including food and agricultural products, petrochemicals and automobiles. In 2014 alone, $1.7 trillion worth of U.S. goods moved through our ports, representing 75 percent of imports and exports by weight.
Fukushima Site Still Leaking After 5 Years
Five years after the Fukushima nuclear accident, there is still no U.S. federal agency responsible for studies of radioactive contaminants in the ocean. But scientific data about the levels of radioactivity in the ocean off our shores are available publicly thanks to ongoing efforts of independent researchers, including Ken Buesseler, a radiochemist with Woods Hole Oceanographic Institution (WHOI), who has led the effort to create and maintain an ocean monitoring network along the U.S.
New Oil Debris Sensor Launched
Gill Sensors & Controls Limited announced immediate availability of its new Oil Debris Sensor that provides continuous real-time monitoring of particle contamination in hydraulic and engine oil lubrication systems. The new sensor triggers either an immediate shutdown in cases of large particle build-up, or an early warning indication for needed maintenance in both cases preventing unexpected downtime.
Rober Allan, Sanmar Launch New Tug Design
Robert Allan Ltd. The new VectRA 3000 Class Tug is a high performance VSP Tractor tug designed by Robert Allan Ltd in close collaboration with Turkish ship builder Sanmar and Voith Turbo Propulsion. The tug is designed for maximum efficiency in the performance of towing, harbor ship-handling and escorting of large ships. Performance has been verified with extensive model tests at the commencement of the design cycle.
NATO Mission Moving into Greek, Turkish Waters
NATO sent its ships into Greek and Turkish waters in the Aegean Sea on Monday to counter the criminal networks smuggling migrants into Europe, NATO Secretary-General Jens Stoltenberg saidâŠ
CMA CGM Expects Market-beating Container Volumes Again This Year
French-based CMA CGM, the world's third-largest container shipping firm, said on Monday it expects its volume growth to outperform the market again in 2016 after strong expansion last year helped it cushion a slide in freight rates. CMA CGM, which is in the process of acquiring Singapore's Neptune Orient Lines (NOL) for $2.4 billion in its biggest-ever deal, has been pursuing economies of scale to ride out a shipping downturn linked to vessel oversupply and faltering economic growth.
Charity Banquet to Honor âOutstanding Friends of Seafarersâ
Seafarers International House will hold its 16th annual awards banquet from 6-10 p.m. on April 21 at the New York Athletic Club. The banquet will honor Marshall AinleyâŠ
SAAM Appoints Valdés as New CEO
SAAMâs Ordinary Board Meeting appointed Macario Valdés Raczynski as new General Manager of the company, a position that he will take on as from March 16. Valdés holds a degree in commercial engineer from Pontificia Universidad Católica de Chile and an MBA from University of Berkeley, Calif. At present, he serves as SAAMâs Manager of Development and Management Control, post that he has held from April, 2013, when he took on the responsibility for the Companyâs growth projects.
Maritime Cook Islands Enhance Registry Growth
PDMS Maritime has announced that it has been awarded a new contract to deliver its international ship registry and seafarer management platform (MARIS) to Maritime Cook Islands (MCI) Limited, the corporate administrators of the Cook Islands international ship registry. MARIS will replace MCIâs existing legacy systems to provide the registry with a new, modern and complete enterprise system which covers all the key aspects of their business including: registryâŠ
Belgium Ratifies Ballast and Recycling Conventions
Belgium became the latest country to ratify a key international measure for environmental protection, the Ballast Water Management (BWM) Convention, bringing the treaty within sight of meeting entry into force criteria. Aimed at preventing the spread of harmful and invasive aquatic species in ships' ballast water, the BWM Convention requires ships to have procedures in place for ballast water management.
Salalah Port Inks Iran Deals
Oman's top port Salalah has signed trade agreements with key Iranian terminals in the latest efforts by the Gulf country to boost shipping ties with Tehran followingâŠ
Finnish Battery-powered Ferry Due for 2017 Delivery
Siemens has been commissioned to provide the complete electro-technical solution for Finlandâs first battery-powered car ferry. The Finnish shipping company FinFerries has ordered the newbuilding from the Polish shipyard CRIST S.A. The environmentally-friendly ferry will improve the transport options between Nauvo and Parainen in the Turku Archipelago. It will be approximately 90 meters long by 16 meters wide with capacity for a maximum of 90 cars.
Safebridge Hosts German Port State Control
Safebridge, a provider of web-based e-learning products for the maritime industry, providing online, onboard and classroom training for nautical officers and captains, hosted the Port State Control of Germany in January 2016 offering a customized Basic ECDIS Training for the inspection officers of the BG Verkehr, the Authority responsible for conducting Port State inspections on vessels hailing German ports.
SKF Debuts New Tank Skimming Equipment
SKF introduces high performance and quick to install device for oil and water separation in marine applications. SKF has launched a new mechanical device for the fast and easy separation of oil and water in tanks in marine and offshore applications. Sludge oil is a term commonly used to describe the waste oil mainly derived from the process of purifying fuel oils and lubricating oils in order to ensure proper operation of shipâs machinery.
