US Oil Drillers Add Rigs for 5th Week in 6
U.S. drillers this week added oil rigs for a fifth week in six, according to a closely followed report Friday, prompting analysts to predict the rig count has bottomed…
TORM Secures Financing for LR2 Newbuilds
TORM said it has entered into a financing agreement for the four LR2 newbuildings to be delivered in 2017 and 2018. The vessels are all in the LR2 class, i.e. of a size of approximately 114,000 dwt.
Cobham Upgrades SAILOR 900 VSAT
Cobham SATCOM has developed a new version of its SAILOR 900 Very Small Aperture Terminal (VSAT) Ku-band antenna, featuring a new Block Up Converter (BUC). The antenna, designed by Cobham, makes it easier and less costly to ensure high availability of service as there is no need for additional hardware. It also delivers the potential for satcom service providers to deliver higher uplink bandwidths.
Horizon to Build NYC's New Ferries
Horizon Shipbuilding, Inc., Bayou La Batre, Ala., has been awarded a series production contract with Hornblower to build new 149-passenger ferries for New York City’s new citywide ferry service set to begin in Summer 2017. The vessels are part of New York City Mayor Bill de Blasio’s plan to connect the outer boroughs with inexpensive waterborne mass transit. The first ferries delivered will serve the South Brooklyn…
Port of Le Havre Further Develops Software Package S-WiNG
Port of Le Havre displays itself in three dimensions through the development of its software package S-WiNG. The occasion for the professionals and the general public to virtually plunge into the environment of the Normandy port, to go into the heart of its daily activities and draw a wealth of information from them. On the port of Le Havre, vessel movements are now freely accessible and can be visualized by everyone, in 3D and in real time from a computer, a tablet or a smartphone.
Energy Doldrums Force Boskalis to Cut Fleet, Staff
Dutch offshore engineer Boskalis said it was cutting 650 jobs worldwide and culling 24 vessels in response to what it called drastic changes in the company's outlook caused by low energy and commodity prices. The job cuts, including 150 Dutch employees, would be made over the next two years from a workforce of about 8,000, the company said on Friday. The company will take 10 vessels out of service…
Great Lakes Iron Ore Trade Slides 7% in June
The Lake Carriers’ Association (LCA) reports that iron ore shipments on the Great Lakes and St. Lawrence Seaway totaled 5.8 million tons in June, a decrease of 7.3 percent compared to a year ago.
Transocean Will Issue $1.25 Billion Of Notes Due 2023
Transocean Ltd. announced that its wholly-owned subsidiary Transocean Inc., has priced its previously-announced offering of senior unsecured notes. Transocean will…
Eastern Delivers for Bay-Houston Towing
Eastern Shipbuilding Group, Inc. has delivered the escort tug David B for Bay-Houston Towing Co. on June 15, 2016. David B (ESG Hull #239) is the third in a series of four Robert Allan, LTD. (RAL) designed Z-Tech 2400 Class terminal and escort tugs currently under construction at Eastern’s Nelson Street facility for Bay-Houston Towing Co. The lead vessel in the series, H. Douglas M (ESG Hull #236), was delivered on February 5, 2016.
LR Defines 'Autonomy Levels' for Ship Design and Operation
Lloyd’s Register (LR) has set out the ‘how’ of marine autonomous operations in a new ShipRight procedure guidance, which describes autonomy levels (AL) ranging from…
New Patrol Boats Delivered to Royal Thai Police
A pair of 24-meter catamaran patrol boats has been delivered to the Royal Thai Police. Designed by Incat Crowther and built by the Bangkok based Seacrest Marine, delivery of the vessels closes a capability gap identified by the police force. The aluminum newbuilds, Ratayapibanbancha and Arcarachwaratorn, are based on the Reef Ranger designed by Incat Crowther and commenced operation as a patrol boat on Australia’s Great Barrier Reef in 2014.
EU to Investigate Tax Exemptions for Belgian, French Ports
The European Commission opened on Friday two investigations into whether tax exemptions for Belgian and French ports breach EU state aid rules. In France, the EU executive cited full corporate income tax exemptions for 11 ports, including Marseilles, Nantes and le Havre, while, in Belgium, a number of ports also enjoy privileged tax regimes, including Antwerp, Brussels and Ostend. "Ports play a key role in the EU's economy…
Baltic Index Rises on Strong Demand for Panamax Vessels
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose further on Friday due to strong demand for panamax vessels.
IBIA investigates: Brexit and Sulphur Regulations – what now?
The prospect of the United Kingdom leaving the European Union – nicknamed ‘Brexit’ – has raised a number of questions regarding the status, now and in the future, of sulphur regulations in the UK.
Korea Selects Intellian as 'World Class 300' Company
Intellian’s appointment to Korea’s prestigious ‘World Class 300’ list of the country’s most promising technology companies is a distinguished achievement and confirms…
ClassNK's Report on Port State Control
ClassNK released its annual report on Port State Control. The report aims to assist ship operators and management companies in maintaining compliant operations by…
India to Set Up Major Port at Enayam
The Indian Union Cabinet chaired by the Prime Minister Narendra Modi has given its 'in-principle' approval for setting up a Major port at Enayam near Colachel in Tamil Nadu.
De Nora Retrofits Two BWS for OSG
De Nora announced a contract with Overseas Shipholding Group (OSG) (NYSE MKT:OSG), one of the largest tanker companies in the world, to supply two ballast water management systems (BWMS).
Big Win for Maersk Fluid Technology’s BOB System
In the second half of 2015, Maersk Fluid Technology introduced a new version of its cylinder oil ‘Blending-On-Board’ (BOB) system, targeting medium-sized 2-stroke…
Rampion Offshore Wind Farm Work Underway Again
The wind turbine installation vessel (WTIV), MPI Discovery, has recommenced work at the Rampion Offshore Wind Farm off the south coast of England. Working closely…
