Hanjin Commences Layoffs
Hanjin Shipping Co. has notified 560 shipping crew that their service with the company ends on Dec. 10, reports the Pulse. The rest of 2,000 on the company payroll…
Low Oil Price to Stimulate Tanker Market: NAT
The development of the world economy affects the tanker industry. A low oil price is stimulating the world economy which is positive for the tanker market, says a report by Nordic American Tankers.
Nordic American Tankers Expands Fleet to 33 Vessels
Armed with $120m from the placement, Nordic American Tankers (NAT) has contracted to increase its fleet from 30 to 33 vessels, enhancing its potential for both higher earnings and dividends.
Indian Transportation Sector Surges Ahead
The Shipping and Road Transport sectors in India have together spent a total of about Rs 4 lakh crores ($60billion) in the past two and a half years as they work…
Strengthening Oil Spill Response in Southeast Asia
Training for oil pollution preparedness, response and cooperation (OPRC) is underway in Jeju Island, Republic of Korea (7-11 November). On completion of the course…
IMO Leads Table Top Security Exercise in Tanzania
International Maritime Organization (IMO)’s whole of government approach to maritime security, as an enabler for sustainable development of the blue economy, is…
BIMCO Awards Leadership, Innovation, Pioneering Business Strategy
BIMCO today presented three awards to recognise and celebrate excellence in the global shipping industry among both companies and individuals in the industry – following…
Rickmers 9M Revenue Slips
Hamburg, 11 November 2016 In the first nine months of 2016, the Rickmers Group generated consolidated revenues of € 373.6 million. This represents a decline of…
Port State Control across Continents Target Sulphur Compliance
The two major port State control regimes - Paris MoU and Tokyo MoU - will increase focus on the sulphur limit regulations. The decision has been made on the basis of a Danish/Dutch proposal.
DEME, Royal IHC win DPC Innovation Award
On November 10, DEME and Royal IHC have been awarded a DPC Innovation Award for the world’s first liquefied natural gas (LNG)-powered Trailing Suction Hopper Dredgers (TSHD).
Container Volume Up 2% at SC Ports
Today South Carolina Ports Authority reported nearly two percent growth of twenty-foot equivalent unit (TEU) volume since its fiscal year began in July. SCPA handled 169…
OMEGA Engineering Relocates its Headquarters
Fifty years ago, OMEGA Engineering, Inc. was a small privately held company that was woman owned and operated. Today it's a global manufacturer and supplier of process…
EPA Approves VapCor Cleanol HDW1 for ‘Safer Choice’ Program
The U.S. Environmental Protection Agency (EPA) has accepted VapCor Cleanol HDW1 into the Safer Choice program. This is a related program to Designed for the Environment…
S.Korea State Banks to Inject $2.4 Bln into Daewoo Shipbuilding
Struggling Daewoo Shipbuilding & Marine Engineering Co Ltd's will receive an injection of 2.8 trillion won ($2.4 billion) from two state-run creditor banks to save it from being delisted…
Volvo Penta Engines for Two New Elizabeth River Ferries
Hampton Roads Transit (HRT) has specified twin Volvo Penta 13-liter 400 hp diesel engines to power its two new Elizabeth River ferries – River Ferry IV and V – due to enter service later this year. The ferries provide daily, round-trip connections between the downtowns of Norfolk and Portsmouth in southeastern Virginia. The two aluminum 150-passenger pedestrian ferries were designed by BMT Group and are under construction at Armstrong Marine’s shipyard in Swansboro, N.C.
World’s Largest Ethane Carrier Delivered
The world's first very large ethane carrier (VLEC), Ethane Crystal, has been delivered to India’s Reliance Industries Ltd. by South Korean shipbuilder Samsung Heavy Industries (SHI), representing a significant milestone for the gas shipping industry. The vessel is now the planet’s largest, purpose-built ethane carrier – comparable in size to today’s very large gas carriers (VLGC) – and with its 87…
Diversification Strengthens Vard’s Order Book
Designer and builder of specialized vessels Vard Holdings Limited announced its financial results for the third quarter ended September 30, 2016 (3Q 2016) and nine months ended September 30, 2016 (9M 2016). VARD said its diversification strategy is continuing to yield promising results, generating strong order flows in 3Q 2016. A total of seven new contracts were garnered by the group during the quarter…
New Cranes for Helsingborg, St. Petersburg Ports
Liebherr Maritime Cranes recently delivered a new mobile harbor crane, type LHM 550, to the Port of Helsingborg. In addition, Container Terminal St. Petersburg got two machines of the same type. All three machines are equipped with electric prime movers. At the end of August, a new Liebherr mobile harbor crane, type LHM 550, the latest investment by Port of Helsingborg arrived at the Västhamnen. The crane was shipped fully assembled by barge from the Liebherr facility in the Port of Rostock.
NASSCO Delivers Jones Act Tanker to SEA-Vista
On November 8, 2016, shipbuilder General Dynamics NASSCO delivered the American Jones Act-qualified ECO Class tanker Constitution to SEA-Vista LLC. The ship was delivered during a signing ceremony at the builder’s shipyard in San Diego. Construction on Constitution began in June 2015, and the vessel was christened and launched on August 27, 2016. Constitution was built for SEA-Vista, a partnership between SEACOR Holdings Inc.
ABB Partners with Chinese Shipyard to Develop Digital Tech
ABB said it has signed a formal agreement with Chinese shipyard Wuchang Ship Building Group to deepen cooperation with an emphasis on developing greener ships and digital solutions. By utilizing ABB’s power and propulsion expertise along with its focus on maritime software, the partnership will help Wuchang Ship Building Group manufacture highly efficient and technologically advanced vessels, ABB said.
