Horizon Delivers Towboat Marty Cullinan for FMT
In June 2016 Horizon Shipbuilding, Inc. of Bayou La Batre, Ala. delivered the M/V Marty Cullinan, a 120’ towboat with a retractable pilot house, to its home port of New Orleans, La.
First US LNG Shipment Goes to China
The first liquefied natural gas vessel from the lower 48 U.S. states is on its way to China, according to a Reuters interactive map on Friday, the latest sign that the expanded Panama Canal is allowing U.S. exports to reach the world's top LNG buyers in Asia. Royal Dutch Shell's Maran Gas Apollonia loaded up with gas at Cheniere Energy Inc's Sabine Pass LNG export plant in Louisiana, the map showed.
New Dredger for North Carolina’s Coastal Waterways
The North Carolina Department of Transportation recently took delivery of a new, fully customized cutter suction dredge, which it christened the Dredge Manteo in a ceremony held April 28, 2016, at the at the NCDOT State Shipyard in Manns Harbor, N.C.. The 154-foot state-of-the-art pipeline dredge, designed and built by DSC Dredge, based in Reserve, La., will work to keep North Carolina’s state-maintained intercostal ferry channels clear…
This Day In Naval History - July 29
1846 - During the Mexican-American War, a detachment of Marines and Sailors, led by Arm. Col. John C. Fremont from the sloop USS Cyane, commanded by Cmdr. Samuel F. DuPont, lands and takes possession of San Diego and raises the U.S. flag. 1898 - During the Spanish-American War, the gunboat, USS Helena, commanded by Cmdr. William T. Swinburne, captures the Spanish steamer Manati at Cienfuegos, Cuba. 1920 - USS St.
Swiber Applies for Judicial Management Instead of Liquidation
Singapore oilfield services company Swiber Holdings Ltd said on Friday it has applied to place itself under judicial management instead of liquidation. Swiber shocked markets earlier this week by filing for liquidation, as it faced hundreds of million of dollars in debt and a decline in orders, becoming the largest local company to fall victim to the slump in oil prices. Judicial management allows…
Libyan Oil Exports to Resume from Closed Ports
Libyan oil exports from closed ports should resume in no more than one to two weeks after a deal was signed between the government and an armed brigade controlling the terminals…
US Oil Drillers Add Rigs for 5th Week in a Row
U.S. drillers this week added oil rigs for a fifth consecutive week, Baker Hughes Inc said on Friday, but the oilfield services provider and some analysts cast doubts…
Global Maritime Introduces New DP Policies & Procedures
Global Maritime Consultancy & Engineering has introduced a new set of policies and procedures to support its Dynamic Positioning (DP) activities. The new procedures will ensure continued excellence and consistency across all Global Maritime’s global DP operations. The document will cover general working practices and core competencies as well as working procedures relating to DP Systems Audits & Verifications…
New 'Mega Passenger Ship' for Star Cruises
Elomatic Ltd and Deltamarin Ltd have signed a tri-party engineering contract with shipbuilder MV Werften for the design of Star Cruises’ new Global Class “mega passenger ship,” which, once completed, will be the largest passenger vessel ever built in Germany. The new cruise liner will measure over 340 meters long, 45 meters wide and have a gross register tonnage of 200,001. The general arrangement…
Daewoo Shipbuilding: $1.4 bln order Cancelled
Cancelled order part of Statoil's Bressay project. South Korea's Daewoo Shipbuilding & Marine Engineering Co Ltd on Friday said a 1.58 trillion won ($1.41 billion)…
Asia Tankers-VLCC Rates Falter on Oil, Tanker Supplies
MidEast, West Africa rates hit 11-month low. Freight rates for very large crude carriers (VLCCs), which hit an 11-month low this week, could slide further next week…
Asia-N.Europe Box Rates Jump 58 pct
Freight rates for shipping containers from ports in Asia to Northern Europe jumped 58 percent to $1,125 per 20-foot container (TEU) in the week ending Friday, a…
Crew Kidnapping Rising in Gulf of Guinea - Dryad
In contrast to the substantial numbers of reported incidents across Southeast Asia and the Indian Ocean in recent years, maritime crime now appears to have stabilised…
Damen PSV for Wilson Sons Ultratug Offshore
Wilson Sons Ultratug Offshore, a joint venture between Wilson Sons and the Chilean maritime services provider Ultramar, has taken delivery of a Damen PSV 5000. The…
Gener8 Maritime Net Income Up 91%
Announcing its financial results today for the three and six months ended June 30, 2016 Gener8 Maritime, Inc. reported net income of $38.0 million, or $0.46 basic and diluted earnings per share…
VARD Bags Three-vessel Contract
Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of offshore and specialized vessels secured a contract for the design and construction…
LNG Market Needs More Vessels than Currently on Order
Despite the current weakness in LNG shipping rates, Drewry maintains its bullish long-term outlook for LNG shipping and believes that the market will require more…
CMA CGM Rolls out Bengal Bay Express
CMA CGM has introduced its new Bengal Bay Express service, operated with 11 vessels of 6,500 TEU on a weekly basis, in a continuous effort to provide its customers with the best quality service.
Dynagas 2Q Results Upbeat
The financial results of Greece-based Dynagas LNG Partners LP (DLNG) for Q2 beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks…
Safe Bulkers Reports Q2 Loss, Expands Fleet
The Athens, Greece-based Safe Bulkers Inc. (SB) has reported a loss of $9 million in its second quarter. It had a loss of 15 cents per share. Net revenue for Q2…
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