Wärtsilä, CSSC Ink BWMS Manufacturing Deal
Wärtsilä has signed a manufacturing license agreement with Jiujiang Precision Measuring Technology Research Institute, a subsidiary of China State Shipbuilding Corporation (CSSC)…
DryShips Completes Registered Direct Offering
DryShips Inc.announced that it has completed the previously announced registered direct offering of 100,000 newly designated Series E-1 and E-2 Convertible Preferred Shares and Warrants…
Transnet Appoints Ngqura Liquid Bulk Terminal Operator
The Port of Ngqura is poised to play a vital role in ensuring the security of South Africa’s fuel supply, while creating a new petroleum trading hub for Southern…
MSC Signs Global Declaration of Intent Against Counterfeiting
Mediterranean Shipping Company (MSC) has signed an official declaration, designed to prevent the maritime transportation of counterfeit goods. The declaration is…
14 CEZs to Come Up in India Under Sagarmala
The Government has identified fourteen Coastal Economic Zones (CEZ) along the coastline of the country under National Perspective Plan (NPP) of Sagarmala Programme.
NCL's Norwegian Jade to Call Port Tampa Bay Home
The Norwegian Cruise Line (NCL) ship Norwegian Jade will set sail from Port Tampa Bay during the upcoming winter cruise season. Port Tampa Bay officials welcomed the 2…
Egypt Gets its First German Submarine
The Egyptian Navy has officially received its first Type-209/1400 submarine at the German city of Kiel to support the naval troops, says the government sources.
Financial Close for Bahrain LNG Terminal
Bahrain LNG, the developer of the Gulf state’s receiving and regasification terminal for liquefied natural gas (LNG), has closed a $741 million syndicated loan for the platform’s construction.
Qatar Merges State-Owned LNG Producers
Qatar, the world’s largest liquified natural gas producer, announced it is to merge state-owned Qatargas and RasGas to create a “truly unique global energy operator”, says an AP report.
NextDecade in FSRU Deal with Flex LNG
NextDecade Global Solutions, a subsidiary of NextDecade, LLC, and FLEX LNG have signed a Heads of Agreement (HOA) to create a full value chain solution for customers…
Another Robert Allan Tug for China
The Cao Gang 26 is a new RAmparts 3300 ASD tug designed by Robert Allan Ltd., constructed at JiangSu Zhenjiang Shipyard (Group) Co. Ltd. in China and delivered to the Owner, Cao Fei Dian Port in Northern China in November 2016. On trials, the vessel met or exceeded all performance expectations, producing bollard pull astern of 60.5 metric tons and a free running speed ahead of 13.5 knots. The vessel has been outfitted to the highest standards for a maximum crew complement of 14…
Further Upside Seen for Asian Aframax Rates
The Asian Aframax market has been strengthening steadily, with rates for the Indo/Japan route up by w25 points w-o-w at w135. The Baltic Exchange’s benchmark TD14 route reached w127.50 Tuesday, jumping by w29 points w-o-w. This is partly due to underlying seasonality as refiners in the region typically raise utilization rates during Q4 in order to meet winter demand. An early and colder-than-usual winter in North Asia has led to increased heating fuel demand…
Maersk Fluid Technology Upgrades SEA-Mate
Maersk Fluid Technology (MFT) said it has recently upgraded its SEA-Mate Blending-on-Board Value Calculator to include a mobile optimized version that will assist in calculating savings, based on a variety of real life scenarios. The SEA-Mate Blending-on-Board (BOB) system enables the crew on board the vessel to blend an engine-specific fit-for-purpose cylinder lubricant with the optimal neutralization and detergent properties.
Scorpio Tankers says Upsized and Extended Credit Facility
Scorpio Tankers Inc. announced the upsizing and extension of its BNP Paribas Credit Facility. The Company has received an additional $27.6 million commitment from…
Singapore to Adopt Dutch Polder Concept for Reclamation
Singapore has announced it will build a polder designed by Royal HaskoningDHV with local partner Surbana Jurong that will add 810ha to Pulau Tekong, one of Singapore’s largest islands.
98,000 dwt Semisubmersible Delivered
China’s COSCO Shipping Specialized Carriers Co. Ltd. has taken delivery of its newest semisubmersible vessel, the 98,000 dwt Xin Guang Hua – the largest of the COSCO semisub fleet and reportedly second largest in the world. Large enough to transport fully integrated offshore floating production units weighing up to 85,000 tons, the m/v Xin Guang Hua was purpose built and delivered from the COMEC shipyard in Guangzhou.
DNV GL to Class Endeavor Expedition Yachts
MV WERFTEN said it has contracted DNV GL for the classification of the Endeavor-class vessels. The contract includes three 20,000 GT mega yachts, which will be three of the first passenger ships to be classified according to the new DNV GL rules. Due to become the world’s largest expedition yachts with ice class, the Endeavor newbuildings will be fabricated at MV WERFTEN in Stralsund from 2017 and delivered to luxury cruise line Crystal Yacht Expedition Cruises in 2019, 2020 and 2021.
Viking Supply Ships Expands Russian Footprint
To further explore opportunities and strengthen its footprint in Russia, Viking Supply Ships (VSS) has entered into a strategic cooperation with Sevnor Ltd, a shipping…
New Light Tower from Larson Electronics
Industrial grade lighting equipment specialist Larson Electronics has released a mini tower fastened to a powder coated wheeled base, offering full portability for the mounted equipment. The WAL-XML-12-4.5-WC portable mini tower from Larson Electronics is suited for operators needing a portable, easy to operate system for elevating lights, cameras and other electrical equipment to heights of 12 feet.
Australia’s New Cape Class Patrol Boat Rolled Out
Australian shipbuilder Austal has rolled out the ninth Cape class patrol boat for the Royal Australian Navy (RAN). Designed and constructed by Austal, Hull 380 is the first of two Cape class vessels scheduled to be delivered in 2017. In attendance at the official roll out ceremony, which took place prior to launching at Austal’s Henderson Western Australia shipyard, were Australian Defense Industry Minister Christopher Pyne…
