EURONAV Selects Jotun’s HPS for Two Suezmax Vessels
EURONAV has selected Jotun’s Hull Performance Solutions (HPS) for two of its Suezmax vessels. The agreement will see Samsung-built sister ships M/T Cap Guillaume and M/T Cap Philippe receive coatings of Jotun’s advanced SeaQuantum X200 antifouling, alongside full suites of measurement sensors applied to their hulls. The applications, taking place at upcoming dry dockings at Keppel Shipyard in Singapore…
UK Overhauls its Survey and Inspection Program
Plans to ensure there is a full maritime survey and inspection team covering the whole U.K., will see more remote working and a slight change to where some of the marine offices are based. The U.K.
ClassNK Launches NK-SHIPS App
Classification society ClassNK has launched the NK-SHIPS app, a mobile version of the free, web-based information service NK-SHIPS for owners, operators and managers of NK-classed vessels or vessels whose ISM/ISPS/MLC are registered with ClassNK. Clients can now access information to manage their fleet on-the-go using the app via their smartphone or tablet. Developed for an optimized viewing experience, the NK-SHIPS app allows for quick and easy navigation.
Second of Nine New TNPA Tugs Sets Sail
The latest of Transnet National Ports Authority’s (TNPA) nine new tugboats has set sail from the Durban premises of contractor, Southern African Shipyards, on Thursday, July 7, destined for its new home at the Port of Port Elizabeth. The tug was ceremonially launched as Qunu in May alongside a third tug, Cormorant. Qunu was named after the Eastern Cape home village of former President, the late Nelson Mandela and is due to arrive in Port Elizabeth on Friday, July 8.
Asia Dry Bulk Capesize Rates to Climb
Freight rates for large capesize dry cargo ships on key Asian routes could move higher next week on a potential ship shortage, higher cargo volumes and storms in China that could disrupt sailing schedules leading charterers to scramble to fix replacement tonnage, ship brokers said. "We do not have a lot of ships available off Brazil to load cargo at the end of July. That will likely support freight rates," said a Shanghai-based capesize broker.
Panama Canal Extension May Be Bad for Some Shippers
The newly inaugurated Panama Canal may not be as beneficial as it seems for container ship carriers, says Xeneta, a benchmarking and market intelligence platform for containerized ocean freight. Although the new sets of locks and deeper, wider shipping channels will potentially double the waterway’s capacity, giving neo-panamax vessels access for the first time, the increased efficiencies may actually…
Keppel, Shell form Singapore LNG Bunkering Joint Venture
Keppel Corp Ltd said it entered into an agreement with Royal Dutch Shell to form a joint venture company, which will establish a liquefied natural gas (LNG) bunkering business in Singapore.
This Day In Naval History: July 7
1798 - Congress rescinds treaties with France, and the Quasi War begins. 1846 - During the Mexican-American War, Commodore John D. Sloat, disembarks from his flagship frigate, USS Savannah, at Monterey and claims California for the U.S. 1915 - Thomas A. Edison becomes the head of the Naval Consulting Board, which screens inventions for the Navy. 1944 - USS Mingo (SS 261), USS Skate (SS 305), USS Sunfish (SS 281), USS Flasher (SS 249), and USS Bonefish (SS 223) sink up to eight Japanese ships.
EU Accepts Antitrust Concessions from Maersk, MSC, Others
EU antitrust regulators accepted on Thursday an offer from Maersk, the world's largest container shipping liner, and 13 other competitors to change their pricing practices. The companies agreed to publish binding actual rates 31 days before they go into effect, with the figures acting as a price ceiling. Under the current system, they only publish the amount of the increase, not the final price. The other 13 firms are No.2 player MSC, No.
Italy Recovers 217 Bodies from Migrant Shipwreck
Italian emergency workers have recovered 217 bodies from the wreck of a boat that sank in the Mediterranean in April 2015, killing some 500 migrants, the Navy said on Thursday.
Higher Panamax Demand Boosts Baltic Index
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday on increased demand for panamax vessels. The overall index…
General Dynamics Bags US Navy's VPM Contract
General Dynamics Electric Boat has been awarded a $116 million contract modification for the continued development of the Virginia Payload Module (VPM). Electric…
GPA Awarded $44M Grant
The Georgia Ports Authority has received a $44 million Fixing America's Surface Transportation (FAST) grant from the U.S. Department of Transportation to increase…
NOIA’s Luthi Testifies at House Natural Resources Subcommittee Hearing
NOIA President Randall Luthi released the following statement after providing testimony today before the House Committee on Natural Resources Subcommittee on Energy and Mineral Resources on H.R.
TGS Provides Second Quarter Update
Based on preliminary reporting from operating units, TGS management expects net revenues for the second quarter of 2016 to be approximately USD 114 million. Multi…
Scorpio Tankers Receives Commitment for Loan Facility
Scorpio Tankers Inc. announced that it has received a commitment for a loan facility up to $300 million from ABN AMRO Bank N.V., Nordea Bank Finland plc, acting through its New York branch…
Keppel Secures Marine Projects worth S$120 mln
Keppel Offshore & Marine Ltd (Keppel O&M)'s wholly owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard) has secured four contracts worth a total of about S$120 million from repeat customers.
Damen Completes Thor Facelift
The DP1 jack-up vessel Thor owned by the DEME Group has completed a short stay at Damen Shiprepair Dunkerque (DSDu). During her time at the yard her hull was repainted…
FAST Act Grant Awards Announced
The U.S. Department of Transportation (DOT) has announced 18 proposed grant awards for projects under the Nationally Significant Freight and Highway Projects Program.
Shipping is the Least Optimistic Segment in Transportation
Shipping is the least optimistic industry within the transport sector, by a significant margin, according to the seventh The way ahead Transport survey from global law firm Norton Rose Fulbright.
