Shipowners Reject Proposals for Ships to Pay for EU Ship Recycling Licences
Proposals to compel ships, regardless of flag, to pay for European Union ship recycling licences when calling at EU ports, will undermine efforts by the InternationalâŚ
Standard Bunker Contract Review Begins
Three of the worldâs largest bunker suppliers, including World Fuel Supplies and Dan Bunkering, have joined a team of industry experts to review BIMCOâs standard bunker contract â BIMCO Terms 2015.
Widened Panama Canal to Affect Trade Patterns
It was another lacklustre month for the shipping industry as freight rates in almost all sectors softened further. Drewryâs Earnings Index declined by 0.5% during the month to 52.4.
Fuel Variants For LR1 Product Tankers
In a comprehensive study, DNV GL in cooperation with MAN DT examined a set of scenarios for various versions of an LR1 product carrier to determine the most economicallyâŚ
MSC Full VGM Compliance
One week after the implementation of the new SOLAS regulation âVerified Gross Massâ (VGM), MSC Mediterranean Shipping Company confirms an outstanding early experience of compliance rates by shippers.
Capsize Scrapping: It's Complicated!
Last year saw an upswing in Capesize spot rates during the first seven months of the year, peaking in early August, rallying briefly in September and declining for the rest of the yearâŚ
Le Havre, First European Port in 3D & in Real Time
Since 16 June 2016, HAROPA - Port of Le Havre, # 1 French port complex, displays itself in three dimensions through the development of its software package S-WiNG©.
ENSTA Bretagne wins SAUC-Europe â16 at CMRE
Team ENSTA Bretagne from France won the 11th edition SAUC-E competition, the Student Autonomous Underwater Vehicle Challenge - Europe. The 2nd prize went to the Tom Kyle teamâŚ
Seaboard Marine Expands Services from U.S. Gulf
Seaboard Marine will launch a new weekly service commencing on Sunday, July 24, 2016, from New Orleans connecting U.S. exporters to Colombia, Panama, and Costa Rica in addition to HondurasâŚ
Fire at Prelude LNG Construction Site in South Korea
Shell said a small fire occurred at the construction site in South Korea for its huge floating Prelude liquefied natural gas (LNG) project, with work resuming immediately and an investigation underway. The incident would not have an impact on the delivery schedule, according to a source in South Korea. Shell has declined to reveal the timetable or the budget for Prelude, based on a giant processingâŚ
US Navy Ship Tests 100% Alternative Fuel
Naval Surface Warfare Center, Port Hueneme Division's (NSWC PHD) Self Defense Test Ship (SDTS), ex-Paul F. Foster went underway for final-phase testing of two alternative fuels, May 31. The SDTS traveled to San Diego, where it took on approximately 30,000 gallons of two types of alternative fuels. The ship then proceeded on a normal cruise, demonstrating that the alternative fuels could function as a drop-in replacement, requiring no changes to equipment or operating procedures.
US Oil Drillers Add Rigs for 5th Week in 6
U.S. drillers this week added oil rigs for a fifth week in six, according to a closely followed report Friday, prompting analysts to predict the rig count has bottomedâŚ
TORM Secures Financing for LR2 Newbuilds
TORM said it has entered into a financing agreement for the four LR2 newbuildings to be delivered in 2017 and 2018. The vessels are all in the LR2 class, i.e. of a size of approximately 114,000 dwt.
Cobham Upgrades SAILOR 900 VSAT
Cobham SATCOM has developed a new version of its SAILOR 900 Very Small Aperture Terminal (VSAT) Ku-band antenna, featuring a new Block Up Converter (BUC). The antenna, designed by Cobham, makes it easier and less costly to ensure high availability of service as there is no need for additional hardware. It also delivers the potential for satcom service providers to deliver higher uplink bandwidths.
Horizon to Build NYC's New Ferries
Horizon Shipbuilding, Inc., Bayou La Batre, Ala., has been awarded a series production contract with Hornblower to build new 149-passenger ferries for New York Cityâs new citywide ferry service set to begin in Summer 2017. The vessels are part of New York City Mayor Bill de Blasioâs plan to connect the outer boroughs with inexpensive waterborne mass transit. The first ferries delivered will serve the South BrooklynâŚ
Port of Le Havre Further Develops Software Package S-WiNG
Port of Le Havre displays itself in three dimensions through the development of its software package S-WiNG. The occasion for the professionals and the general public to virtually plunge into the environment of the Normandy port, to go into the heart of its daily activities and draw a wealth of information from them. On the port of Le Havre, vessel movements are now freely accessible and can be visualized by everyone, in 3D and in real time from a computer, a tablet or a smartphone.
Energy Doldrums Force Boskalis to Cut Fleet, Staff
Dutch offshore engineer Boskalis said it was cutting 650 jobs worldwide and culling 24 vessels in response to what it called drastic changes in the company's outlook caused by low energy and commodity prices. The job cuts, including 150 Dutch employees, would be made over the next two years from a workforce of about 8,000, the company said on Friday. The company will take 10 vessels out of serviceâŚ
Great Lakes Iron Ore Trade Slides 7% in June
The Lake Carriersâ Association (LCA) reports that iron ore shipments on the Great Lakes and St. Lawrence Seaway totaled 5.8 million tons in June, a decrease of 7.3 percent compared to a year ago.
Transocean Will Issue $1.25 Billion Of Notes Due 2023
Transocean Ltd. announced that its wholly-owned subsidiary Transocean Inc., has priced its previously-announced offering of senior unsecured notes. Transocean willâŚ
Eastern Delivers for Bay-Houston Towing
Eastern Shipbuilding Group, Inc. has delivered the escort tug David B for Bay-Houston Towing Co. on June 15, 2016. David B (ESG Hull #239) is the third in a series of four Robert Allan, LTD. (RAL) designed Z-Tech 2400 Class terminal and escort tugs currently under construction at Easternâs Nelson Street facility for Bay-Houston Towing Co. The lead vessel in the series, H. Douglas M (ESG Hull #236), was delivered on February 5, 2016.
