Eimskip Acquires Nor Lines
Iceland-based Eimskip has agreed to acquire Norwegian shipping and logistics company Nor Lines. According to Eimskip, the operation of Nor Lines has been challenging…
$1.9 bln Shipping Rescue Package in Taiwan
Taiwanese government said it will provide 60 billion New Taiwan dollars ($1.9 billion) to support the country’s shipping industry, according to Reuters. The package…
Will Ballast Water Management Regs Trigger Tanker Scrapping?
Weakness in freight rates will increase tanker shipping demolitions over the next two years, with the trend accelerating in later years as a result of the IMO regulation on ballast water…
Focus on Maritime Security Measures at Guinea-Bissau Workshop
A range of maritime security scenarios are being played out in a table top exercise for officials in Bissau, Guinea-Bissau (14-16 November). Participants from Government…
Pasha Hawaii Set to Order Containerships
Honolulu-based Pasha Hawaii said the company narrowed its selection to two U.S. shipyards for the construction of two new Liquefied Natural Gas (LNG) fueled containerships…
Navy Ships out New Zealand Quake Survivors
Hundreds of survivors stranded by a huge earthquake that struck central New Zealand three days ago reached Christchurch by a naval ship early on Thursday, as engineers in the capital Wellington assessed the state of dozens of damaged buildings. Around 450 tourists and residents from the small seaside town of Kaikoura were taken by the New Zealand navy's multi-role vessel HMNZS Canterbury to Christchurch, the South Island's largest city, overnight.
BMT, Lester Franks Partner for BWTS Retrofit Engineering
BMT Design & Technology (BMT), a subsidiary of BMT Group Ltd, has announced a collaboration with Lester Franks, to provide a new service which will support ship owners in their response to the International Maritime Organization’s (IMO) ballast water management regulations which come into effect next year. Trevor Dove, BMT Design & Technology’s Maritime Engineering Lead, commented, “The fitting of…
Authorities Approve Stolt-Nielsen’s Jo Tankers Acquisition
Stolt-Nielsen Limited said it has it received competition authority approval to acquire the chemical tanker operations of Jo Tankers. The acquisition is expected…
Maersk Drilling to Pilot GE’s Marine Data Analytic Tools
GE and Maersk Drilling have partnered for a data analytic-driven pilot project that aims to increase Maersk’s drilling vessels’ productivity and reduce maintenance costs by up to 20 percent. The two companies have collaborated to deploy SeaStream Insight, GE’s latest innovation in marine asset performance management, powered by Predix. The pilot project will be carried out on one of Maersk Drilling’s XLE rigs and will last for 12 months.
Tampa Bay Ferry Pilot Program Underway
HMS Ferries, Inc. has begin a passenger only ferry pilot project in the Tampa Bay, Fla. area, called the “Cross Bay Ferry.” The six-month pilot project was launched on November 1, 2016 and will connect the cities of St. Petersburg and Tampa, and end on May 1, 2017. The pilot project is a unique, regional effort designed to demonstrate water transportation technology and service options to the residents and businesses of the Tampa Bay region. The Cross-Bay Ferry is a collaboration between St.
USCG Approves Subchapter M Internal Auditor Course
SafeMARINER, LLC and the ACTion group’s Marine Internal Lead Auditor (MILA) course has been audited by a third-party registrar and is now recognized as the first…
Rolls-Royce CEO Says Not Happy with Pace of Change
The boss of Rolls-Royce wants to speed up change at the British engine maker, which is battling to recover from a string of profit warnings, saying more needed to be done to increase the group's resilience in the face of uncertain conditions. The British company, which makes engines for fighter jets, commercial aircraft, ships and nuclear submarines, is one year into a programme to cut costs and simplify operations after a slowdown in several markets hit profits.
US Post-election Shipping Rally Raises Interest, Questions
Shares of U.S. shipping companies shot higher again on Wednesday, causing volatility halts in a number of stocks and raising questions among investors and analysts over the extent of their sharp post-election rally. The jump in share prices and unusually heavy trading volume even surprised analysts who follow the stocks, although some said the gains appeared to result in part from optimism that commodity demand would increase under President-elect Donald Trump.
Arleigh Burke-Class Destroyer Paul Ignatius Launched
Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division launched Paul Ignatius (DDG 117), the company’s 31st Arleigh Burke-class (DDG 51) guided missile destroyer, on Saturday. “The DDG 51 program provides our U.S. Navy customer and our nation a series of highly advanced and capable warships,” said Ingalls Shipbuilding President Brian Cuccias. “For 30 years, our talented shipbuilders have been building these much-needed, quality destroyers.
Jamaica Orders Two Offshore Patrol Vessels
The Jamaica Defense Force (JDF) has awarded Damen Shipyards Group a contract for two new Stan Patrol 4207 vessels. Because the shipbuilder had both vessels available on stock, delivery is expected within the coming months. Damen said it is currently completing minor modifications before the outfitting process is concluded. On completion, two teams of JDF representatives will fly to the Netherlands to sail both vessels back to Jamaica with Damen’s own expedition team.
US Crude Stocks Rise on Heavier Imports - EIA
U.S. crude stocks rose last week as refineries hiked output, while gasoline stocks increased and distillate inventories rose, data from the Energy Information Administration showed on Wednesday.
Crew Transfer Vessel Delivered to Swire Pacific Offshore
With its latest delivery to Swire Pacific Offshore (SPO), shipbuilder Austal Limited has delivered its second high speed crew transfer vessel this year, and its fourth offshore crew transfer vessel in the past 15 months. The 57.6-meter, all-aluminum catamaran, named Pacific Kestrel, was designed by Incat Crowther and constructed by Austal’s shipyard in the Philippines. The 40 knot ‘Offshore Express…
GAC Eyes Opportunities in Disrupted Market
Shipping, logistics and marine services company GAC is approaching turbulent global markets with a push for greater innovation and flexibility, according to GAC Group President Bengt Ekstrand. Dubai-headquartered GAC said it has maintained a solid balance sheet despite slumps in key markets such as shipping and oil and gas. During a conference of GAC company managers in Dubai, Ekstrand outlined the group’s approach for the next five years.
Subsidy-Reliant Offshore Wind Takes Cue from Big Oil
From a helicopter, it looks like just another North Sea oil rig, a grey cube supported by massive yellow pillars, 90 kilometres (56 miles) off western Denmark. But…
Japan Starts Probe of LNG Shipping Restrictions
Japan's Fair Trade Commission (JFTC) has ordered the country's liquefied natural gas (LNG) buyers to provide details on contract requirements that prevent them from…
