New Maritime Bank Opens Its Doors
A new niche bank for the shipping and offshore sector opened its doors for business on December 20, 2016. Serving the global maritime markets from its main office in Oslo…
NYC Ferries: A Collaborative Approach
Innovative boats, unusual collaboration: Hornblower, Horizon, Incat Crowther and Metal Shark team up on one of the most significant newbuilding projects of the year.
Great Ships of 2016: M/V Auto Eco
Since it started publishing in 1939, Maritime Reporter & Engineering News has recognized excellence in ship construction. United European Car Carriers (UECC), which is jointly owned by Nippon Yusen Kabushiki Kaisha (NYK) and Wallenius Lines, held a naming ceremony for the M/V Auto Eco, a s historic ship in that it is the first of two dual fuel LNG PCTCs with 1A Super Finnish/Swedish ice class. The…
Modernization of The U.S. Fishing Fleet
Coming in the January 2017 edition of Maritime Reporter & Engineering News is an insightful report on the modernization of the U.S. Fishing Fleet, with a focus on the ubiquitous Pacific Northwest. Modernization of the North Pacific Fishing Fleet, a study by The McDowell Group for the Port of Seattle, has made the rounds and given weight to the idea that a major fleet upgrade really is underway. With…
What’s New in Floating Production? December 2016
The December WER report examines whether OPEC’s decision to limit crude production will accelerate deepwater project starts over the next 12 to 24 months, given 3 billion barrels of oil stocks in global inventory, 5,000+ drilled-but-uncompleted shale wells in the U.S. ready to be fracked and likelihood that producers will cheat on output quotas. As we discuss in the report, the output cut could stimulate deepwater orders – but with a time lag.
China's LNG Buying Spree Continues Through December
China LNG imports hit record in November, but set to beat that this month. China's state oil and gas majors are set to import record levels of liquefied natural gas (LNG) this month…
Shipping Faces Possible EU Levy on Carbon Emissions
The shipping industry faces the threat of paying a levy to the European Union on its greenhouse gas emissions as lawmakers from the bloc grow increasingly impatient…
Brunvoll Acquires Scana Propulsion
Brunvoll, a family-owned company headquartered in Molde, Norway, a company that designs, manufactures and services complete thruster sstems for maneuvering, positioning and propulsion of advanced vessels, this week signed an agreement with Incus Investor ASA to acquire all the shares in Scana Propulsion AS, including subsidiaries Scana Volda AS and Scana Mar-El AS in Norway and three sales companies located in the United States, Singapore and China.
Danish Maritime Authority improves information for seafarers
From January 2, 2017, Notices to Mariners will be available via a new and improved online system that also presents navigation warnings and shooting warnings. In the future…
Ingalls Launches National Security Cutter Kimball
Huntington Ingalls Industries’ (NYSE:HII) Ingalls Shipbuilding division launched the National Security Cutter Kimball (WMSL 756) on Saturday. Kimball is the seventh NSC Ingalls has built for the U.S.
NYK Holds 10th Environmental Management Conference
On November 30 at NYK’s 10th annual Environmental Management Conference in Tokyo, Asahi Unyu Kaisha Ltd. (head office: Aichi; president and CEO: Toshiya Kozawa)…
$124 mi Reef Authority Funding Boost for Townsville
Australia’s lead management agency for the Great Barrier Reef will receive a $124 million funding boost over the next 10 years from the Turnbull Government. The…
Scandlines’ Deploys New Ferry
On Wednesday 21 December 2016, Scandlines’ second new hybrid ferry for the Rostock-Gedser route, M/V Copenhagen, will carry passengers for the first time when it…
TTS Worldwide is OL USA
OL International Holdings LLC (OL International) today announced the renaming and rebranding of TTS Worldwide as OL USA. Effective February 1st, 2017, the change…
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