Ferry Refit: The CAT Floats Again
The CAT high-speed ferry has been refloated following an extensive refit, upgrades and repairs at Detyens Shipyard in Charleston, S.C., which began in early April. Following the refloating, final work, including completion of regulatory inspections and dock and sea trials, will be undertaken before the vessel departs South Carolina for Yarmouth and Portland. The final schedule for the vessel's northern voyage has not yet been set. The vessel, under charter by Bay Ferries Limited from the U.S.
Hyundai Merchant Marine Bondholders Approve Debt Swap
A majority of Hyundai Merchant Marine Co Ltd (HMM) bondholders have approved a debt-for-equity swap plan, South Korea's second-largest shipper said on Wednesday…
China May Approve More Crude Imports for Teapots
More independent refineries seek crude import quotas. Total quota may hit 2 mln bpd by end-2016. China could approve more crude import quotas for independent refiners…
Port Business: Is Bigger Better?
Every port is different. But the harbor masters meeting in Vancouver this week are finding they all have much in common. “We all are dealing with issues of efficiency, the environment, and security and how to develop our ports to best accommodate our customers today and in the future,” says Capt. Kevin Richardson, president of the International Harbour Masters’ Association (IHMA) and a retired chief harbor master at the Port of Dover in the U.K.
Neches River Reopened Following Oil Spill
The U.S. Coast Guard has lifted its safety zone on the Neches River Tuesday as oil spill cleanup activities near their conclusion. The response began after a pipeline…
Sea Sentry to Monitor Bulk Carrier's SOX Scrubbers
The CTG Sea Sentry is a wash water monitoring system which monitors both the sensor inlet and outlet of wet exhaust gas scrubber systems. CTG has to date supplied monitoring systems globally to the marine industry’s leading providers of Exhaust Gas Cleaning Systems and announced the recent installation of the new improved Sea Sentry on board a major bulk carrier to monitor a newly installed SOx Scrubber system.
Industry Ready for 2020 SOx Emissions Rules -EGCSA
The Exhaust Gas Cleaning Systems Association (EGCSA) has raised concerns regarding the possible delay to the adoption of a global limit on fuel oil sulphur emissions…
OEG Acquires AOR Containers
Offshore Cargo Carrying and A60 module company OEG Offshore (OEG) is moving into Norway, Congo and Myanmar for the first time, with its acquisition of AOR Containers, a major player in Europe, Africa and Asia. The move makes OEG Offshore the second-largest provider of offshore cargo carrying units (CCUs) in the world, with the addition of AOR’s international fleet of 6,000 units taking OEG Offshore’s total fleet to 25,000 units.
S.Korea Shipbuilders' Lead creditors back Asset Sale, Cost Cuts
The lead creditors of two of South Korea's biggest shipbuilders have provisionally approved plans by Hyundai Heavy Industries and Samsung Heavy Industries to raise…
Fitch Upgrades Palm Beach Port's Bond Outlook to Positive
The Port of Palm Beach District is proud to announce that Fitch Ratings has revised the Rating Outlook on approximately $9.72 million of outstanding Port of Palm Beach District port revenue bonds…
Rickmers Acquires Nordana Project
Rickmers-Linie, the Hamburg based liner service specialist for breakbulk, heavy lift and project cargoes takes over the activities of tramp and chartering specialist…
Höegh LNG Partners Sinks to Loss in Q1
Höegh LNG Partners LP in their Preliminary Financial Results for the Quarter Ended March 31, 2016 reported a net loss of $1.0 million for the first quarter of 2016…
G E Shipping delivers Crude Carrier “Jag Laxmi” to Buyers
The Great Eastern Shipping Company Ltd. (G E Shipping) delivered its 1999 built Aframax Crude Carrier “Jag Laxmi” to the buyers. The vessel was contracted for sale in April 2016.
The Dry Bulk Market Will Become Profitable in 2019, If …
The dry bulk market could become profitable again in 2019 – but only if a series of extremely tough and sustained measures are taken by shipowners, year on year.
Steady as She Goes
Ahead of the Panama Canal expansion two alliances have announced they will upsize some of their ships on the Asia-US East Coast route. How quickly will the others follow?
Canadian Submarine HMCS Chicoutimi Gets Ready
The Canadian navy's British Columbia-based HMCS Chicoutimi will be operational by early next year, says a report by Canadian Press. Vice-Admiral Mark Norman said…
Russian Navy Launches Varshavyanka-class Sub
The sixth diesel-electric submarine for Russia's Black Sea fleet was launched Tuesday at a shipyard in St. Petersburg, says Russian News Agency TASS . The Varshavyanka-class sub…
Scientists Slam BC LNG Proposal
International climate scientists are calling on the Canadian government to reject a proposed liquefied natural gas project by Petronas-backed Pacific NorthWest LNG in British Columbia…
Golar LNG Hit by Weak Market
Oscar Spieler-led LNG shipowner Golar LNG Ltd. (GLNG) on Tuesday reported a loss of $80.1 million in its first quarter. The results did not meet Wall Street expectations.
Dubai Eyes 1 Million Cruise Tourists
Dubai plans to build a marina for luxury yachts in response to high demand as the emirate is targeting one million cruise passengers per year by 2020, said Sultan Ahmed bin Sulayem…
