Interest in RBS Greek Shipping Unit Cools after Brexit Vote
Royal Bank of Scotland is facing setbacks over a proposed sale of its Greek ship finance business, with potential suitors backing off, partly because of the British vote to leave the European Union…
Bridges Refit on Two Holland America Line Ships
Two major bridge refit contracts have been completed by Radio Holland USA on Holland America Line’s cruise ships Oosterdam and Prinsendam. The bridge refit on board the M/S Oosterdam was concluded in Palermo, Sicily in early May. Then just days later Radio Holland continued with a bridge upgrade project for the M/S Prinsendam, which took place in Freeport, Grand Bahama. The latest refits follow refit work on M/S Noordam and Westerdam in 2014 and 2015.
Baltic Index Rises on Higher Panamax Rates
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose slightly on Monday on higher rates for panamax vessels.
Bomin Launches Physical Operation in Mauritius
Physical supplier and trader of marine fuel oil the Bomin Group is launching a physical operation in Port Louis, Mauritius, effective from July 12, 2016. Bomin (Mauritius) Ltd.
Petrobras Bringing Two FPSO Platforms Online
Brazil's state-led oil company Petroleo Brasileiro SA is working hard to meet its production targets, the company's head of exploration and production, Solange Guedes, said on Monday in a telephone interview. Guedes said the company's floating, production, storage and offloading ship (FPSO) named Cidade de Saquarema could begin operations in the Lula Central field this month and that she expects that Cidade de Caraguatatuba FPSO in the Lapa field to start operations in August.
Pipelay, Construction Work Completed for Chevron in Nigeria
A pipelay and construction campaign for the Sonam Field Development Project for Chevron Nigeria Ltd. has been successfully completed, announced Sea Trucks Group. The contract for the project was awarded to West African Ventures Ltd, Sea Trucks’ principle Nigerian business in June 2015. The Sonam Field Development Project is located in shelf concession OML 91, Escravos Area, offshore Nigeria, in water depths ranging from 7 meters around Okan to 66 meters at Sonam.
Interest in RBS' Greek Shipping Unit Cools Post-Brexit Vote
The Royal Bank of Scotland is facing setbacks over a proposed sale of its Greek ship finance business, with potential suitors backing off, partly due to the British vote to leave the European Union…
Port Hedland June Iron Ore Exports to China Rise to Record
Record iron ore shipments to China moved through Australia's Port Hedland terminal in June, as major producers BHP Billiton and Fortescue Metals operated close to full capacity and inventories at Chinese ports swelled. Most of the ore both companies mine is sent to China, where higher-grade imports are displacing lower quality domestic ore in Chinese steel mills. Shipments to China from the Indian Ocean port increased to 34.5 million tonnes in June from 31.7 million tonnes in May…
Petronas Selects Intellian for FLNG
A triple installation for the next generation Petronas Floating Liquid Natural Gas (PFLNG) vessel emphasizes increased demand for Intellian’s 2.4m product line in the Offshore Energy and Enterprise market segments. Built at Daewoo Shipbuilding & Marine Engineering in South Korea, PFLNG Satu is a game-changer in the global LNG business. PFLNG technology dramatically improves asset mobility, paving the way for efficiency in monetizing gas resources from remote, marginal and stranded fields.
Great Lakes Limestone Trade Down in June
Shipments of limestone on the Great Lakes totaled 3.7 million tons in June, a decrease of 7.8 percent compared to a year ago, and slightly below the month’s five-year average, the Lake Carriers’ Association (LCA) reports. Loadings out of U.S. quarries totaled 2,948,189 tons, a decrease of 10 percent compared to a year ago, while shipments from Canadian quarries totaled 780,907 tons, an increase of 16,770 tons, or roughly one load in a river-class laker, LCA said.
Brexit to Hinder Container Shipping Recovery -MSI
The U.K. Brexit vote will have far-reaching effects on the container shipping market, despite the country’s relatively minor role in global trades, according to industry research and consultancy firm Maritime Strategies International (MSI). MSI’s analysis of the impact of the U.K. Brexit vote on the container shipping sector finds that amid the short term political and economic uncertainty, the downside…
Hempel Launches New Epoxy Marine Coating
Coatings supplier Hempel has launched a new two-component pure epoxy coating for the marine newbuilding sector, Hempadur Quattro XO 17820, in Canada, the U.S. and Mexico.
Kalmar Reachstacker for JR Intermodal Green Transport Terminal, Texas
Kalmar, part of Cargotec, and its US dealership Darr Equipment Co. of Houston have delivered a Kalmar Super Gloria reachstacker for barge handling to the JR Intermodal…
First ME-GIE Ethane Engine Unveiled at Mitsui
Mitsui Engineering & Shipbuilding Co., Ltd. (MES) has completed the world’s first ME-GIE ethane-operated two-stroke diesel engine. The engines will be for propulsion of three ethylene carriers…
Another Japanese Deal for MacGregor Hatch Cover
MacGregor, part of Cargotec, has signed a contract for the design and delivery of key components and the fabrication of steel structures for the hatch covers on board five 14…
N-Sea Opens Office in Dubai
As part of its continuing global growth strategy, subsea IMR provider N-Sea has announced the opening of a new office in Dubai, with operations due to commence as early as August 2016.
Kudos for Norsafe from Australian Navy
Norsafe, global leader in marine life-saving equipment, has received a glowing recommendation from the Australian Navy for the quality of its lifeboat servicing…
Ardent in for Major Expansion in India
Before the furious monsoon and tropical cyclones hit South East Asia, Ardent, the amalgamation of two salvage giants, has already positioned itself to tackle the…
Genting to Invest in Werften
Genting Hong Kong Ltd will invest 100 million euros in its German shipyard, MV Werften to focus on building new large ships. The three shipyards in the German State…
Award for Japan's First LNG-fueled Tugboat
NYK Line received award sponsored by the Japan Federation of Freight Industries (JFFI) recognizing the environmental load reduction achieved by Japan's first LNG-fueled tugboat, Sakigake.
