Hyundai Bags Order for 2 LNG Carriers from SK Shipping
Hyundai Heavy Industries Co. (HHI) struck a $400 million worth deal to build two liquefied natural gas (LNG) carriers for SK Shipping Co., a Korean shipowner. According to the sources…
Safe Bulkers Reports Q1 Loss
The Athens, Greece-based Safe Bulkers Inc. (SB) on Thursday reported a loss of $17.8 million in its first quarter. The shipping company posted revenue of $24.7 million in the period.
Disney Wonder in Major Enhancements and Upgrades
Disney Cruise Line has announced that new entertainment and experiences will be added to Disney Wonder this fall when the ship goes into dry dock. Following the fall Eastbound Panama Canal cruise…
JX Nippon Acquires 10% Stake in Petronas LNG
Malaysia's Petroliam Nasional Bhd (Petronas) and Japanese oil company JX Nippon Oil & Energy (JX NOE) have signed an agreement for the sale and purchase of equity in Petronas LNG 9 Sdn Bhd (PL9SB)…
Thomson Cruises Acquires Second Royal Caribbean Ship
Royal Caribbean Cruises Ltd. has entered into an agreement to sell Legend of the Seas to Thomson Cruises in the UK. Legend will depart Royal Caribbean’s 25-ship…
Nine Rescued from Yacht Fire near Shetland
A skipper and his crew have been rescued from a life raft after their yacht - The Miracle - caught fire off the coast of Shetland, Scotland. According to a BBC report…
Irish Ferries Splashes Out New $161 mln Vessel
Irish Ferries’ parent company, Irish Continental Group (ICG) has signed an agreement with German shipbuilder Flensburger Schiffbau-Gesellschaft (FSG) to construct…
Training: New Innovations Being Driven by the Ferry Industry
The Worldwide Ferry Safety Association’s conference on Ferry Safety and Technology, underway today, has featured sessions on Vessels & Landings, Marine Weather,…
New Joint Venture for the Suezmax Market
Euronav NV has formed a commercial joint venture with Diamond S Management LLC and Frontline Ltd. with the aim of creating a single point of contact for cargo owners to access a fleet of 43 Suezmax vessels, including newbuildings, operated on the spot market. The joint venture, which will be named Suezmax Chartering, will commence operation June 2 from the existing offices of Euronav, Diamond S and Frontline Management AS.
PALFINGER Awarded 15-vessel Winch Contract
PALFINGER MARINE Winches and Offshore Equipment has signed a contract for the supply of complete winch packages to 15 Module Carrier Vessels being built for Topaz Energy and Marine. The vessels, of VARD 9 21 design, are developed by Vard Design to navigate the shallow river systems as they transport modules through the Russian waterways to oilfields in Kazakhstan. Measuring 123 by 16.5 meters, the vessels are designed to carry high deck loads of up to 1,800 tons.
K Line's Solar Powered Car Carrier Visits CMP
The latest generation of car carrier arrived recently. The sun doesn’t just shine over the ship, it also contributes to generating energy for it as Drive Green Highway has high efficiency solar panels. Drive Green Highway is the world’s biggest ship adapted for solar energy. She is almost 200 meters long, 38 meters wide and is operated by the Japanese shipping company K Line. The ship has the capacity to load 7,500 cars.
Investigators Probe into Houston Ship Collision
The U.S. National Transportation Safety Board (NTSB) said it will meet June 7 to determine the probable cause of the March 9, 2015 collision between the bulk carrier…
Naust Marine Supplies Winch Control for Sakhalin Trawlers
Naust Marine has secured a contract to supply Autotrawl (Autotow) Winch Control to four Sakhalin trawlers—a first for BATM-class trawlers of the Russian Far East. JSC Pilenga, a trawler-vessel operator based on Sakhalin Island in the Russian Far East, has awarded Naust Marine a contract to install Naust’s ATW (Automated Trawl Winch) autotrawl systems aboard three BATM-class supertrawlers—and on a single Moonzund-class trawler, the F/V Vasilii Kalenov.
ASRY Launches Bahrain Coast Guard Landing Craft
ASRY has launched a new Landing Craft being constructed for the Bahrain Coast Guard (BCG), marking the latest checkpoint for the fully Bahrain-based project. The launch took place at ASRY in the Arabian Gulf in the presence of BCG Brigadier Ala Abdulla Seyadi, ASRY Chief Executive Nils Kristian Berge and other BCG officials. “Our close cooperation with the Bahrain Coast Guard has enabled us to stay on track for this landmark project for the Bahrain maritime sector…
UASC Says Shareholders Back Hapag-Lloyd Merger
The shareholders of Middle East container shipping group United Arab Shipping Company (UASC) back the company's merger talks with German rival Hapag-Lloyd although there has not yet been a vote to approve a deal, UASC said on Thursday. UASC, which is owned by Gulf governments, said the merger talks were discussed at an extraordinary general meeting (EGM) for shareholders on Thursday at the company's office in Dubai.
Apax Partners Completes Marlink Acquisition
Funds managed by the private equity firm Apax Partners completed the acquisition of Marlink, Airbus Group’s Commercial Satellite Communication business. Marlink’s…
Panel to Review Roberts Bank Terminal 2 Project
An independent three-member review panel has been established to conduct the environmental assessment of the Vancouver Fraser Port Authority's Roberts Bank Terminal 2 project…
INSIGHTS: Steve Candito, President, Foresea Consulting
Steven Candito is the Founder, President and CEO of Foresea, which provides advisory services including strategic planning, regulatory compliance and crisis management…
Duterte Says He Won't Surrender Rights in S.China Sea
Philippines President-elect Rodrigo Duterte said on Thursday he would not surrender the country's rights over the disputed Scarborough Shoal in the South China Sea, which China seized in 2012. "There will never be an instance that we will surrender our right over Scarborough Shoal," Duterte told a news conference after holding talks with China's ambassador Zhang Jianhua. "That is not a territorial issue.
Rodman Polyships Delivers Catamaran Fast Ferry
Over the last several years, Rodman has designed, built and delivered different types of catamarans, not only for passenger transport but also for other purposes such as hydrographic, research or offshore windmill support catamarans. At the end of 2015, Rodman and Trasmapi signed a contract for the design and build of a new ferry to operate on the Ibiza-Formentera route, starting this summer. The catamaran…
