USS Freedom Suffers Casualty
The U.S. Navy's first littoral combat ship USS Freedom (LCS 1) experienced a casualty to one of its main propulsion diesel engines (MPDE) on July 11 reportedly caused by a leak from the attached seawater pump mechanical seal that resulted in seawater entering the engine lube oil system, according to the Navy. The ship’s crew addressed the leak, enabling Freedom to return to homeport July 13 on her own power for repairs on a separate, unrelated issue.
Meyer Turku Continues Shipyard Investments
Meyer Turku shipyard has further enlarged it’s investment package with a new 75 million euro steel storage and pretreatment facility. This is already a third large…
Gasum, Wärtsilä Join Forces to develop Gas Value Chain
New joint co-operation between Gasum and Wärtsilä aims to develop the utilization and distribution of natural energy gases in marine and land markets. Gasum, the…
Damen, Evoqua Team for Innovative BWTS Solution
Two innovators in delivering unique solutions for the maritime sector, Damen Green Solutions and Evoqua Water Technologies will launch the DAMEN BALCON EC 1500 powered by the SeaCURE ballast water management system (BWMS) at SMM Hamburg. The BALCON containerized deck house has been developed as a direct result of customer demand for fast plug and play installation in the yard. BALCON is touted as an ideal ‘plug and play’ solution, with the absolute minimum of downtime for the vessel.
Carriers have Withdrawn Extremely Low Spot Market Freight Rates - Drewry
Drewry’s Global Freight Rate Index, a weighted average of spot container freight rates across all major routes except intra-Asia, swung back in July by 13% to reach $1,403 per 40ft box.
Hapag-Lloyd Cruises Orders Two Vessels
TUI Group, the world’s number one tourism group, will invest in two new-builds for its Hamburg-based subsidiary Hapag-Lloyd Cruises. The two, new, 5-star expedition…
Hammond New International Sales Manager, Fairline Yachts
British luxury motor yacht manufacturer, Fairline Yachts, announces Robert Hammond as its new International Sales Manager. Robert will be responsible for Fairline's…
Securing the Scorpene: DCNS to Move Court
The French shipbuilder DCNS plans to seek an injunction to prevent further publication of information contained in 22,400 secret documents about stealth submarines built for India…
Austal Dives into Loss
Australia’s largest shipbuilder Austal posted a full year loss of $84.28 million because a program to build war ships for the US Navy took longer than expected.
Russian Shipbuilder Signs $1 bln Oil Rigs Contract with Iran
Russian shipbuilder Krasnye Barrikady and Iran's Tasdid Offshore Development Company (TODC) have signed a deal worth $1 billion to build five offshore drilling…
284 Ships transit Suez Canal Last Week
Suez Canal traffic data showed that 284 ships transited the canal, with a total load of 14.34m tonnes, from 19 to 24 August 2016, reports Daily News Egypt. Compared to July 2015…
Worldscale Flat Rates to Fall Again
The concept of Worldscale is not an easy principle to grasp, particularly for those outside the tanker industry, says Weekly Tanker Market Report by Gibson. The…
What is Happening to Suezmax Rates in 2016?
Several years ago, the main market for Suezmax tankers was the West Africa to North America trade. When this market dried up in the period from 2012 to 2014/15,…
Coast Guard Foundation Awarded 128 Scholarships
The Coast Guard Foundation, a non-profit organization committed to the education and welfare of all Coast Guard members and their families, announced today that…
Keppel to Deliver First North Sea FPSO
Keppel Offshore & Marine (Keppel O&M)'s wholly-owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard) is on track to deliver a Floating Production Storage and Offloading…
SOS from Hanjin Shipping
The creditors' extended help is crucial for survival of Hanjin Shipping Co as its negotiations with owners of chartered ships over a cut in leasing rates and to…
STX to Slash Jobs, Sell Yard
To stay above water by restructuring, South Korean Shipbuilder STX Offshore & Shipbuilding Co. plans to lay off about a third of its workforce and sell a yard in France, says a report in WSJ.
NASA May Send Submarine to Titan
NASA has unveiled plans to send a submarine into the depths of the largest ocean of Saturn's biggest moon, Titan in a bid to explore the depths of its largest ocean.
Michelle Obama Sponsors Attack Submarine
General Dynamics Electric Boat has delivered to the U.S. Navy an attack submarine that is sponsored by first lady Michelle Obama and will be named for her home state, reports AP.
Indian Cargo Ship Sinks Off Oman
An Indian cargo ship loaded with vehicles and food supplies destined for Yemen sank on Saturday off the coast of Oman but without loss of life, Oman’s ONA state news agency reported.
