Maritime Economics: Top Five Shipyards by Market Value
Shown is an infographic courtesy of VesselsValue.com looking at the top five shipyards ranked by the market value of the newbuilding contacts currently on order. According to Senior Data Editor, Craig Jallal, "The current top five shipbuilding groups have seen a significant decline in value of their orderbooks year-on-year since March 2015. Hyundai HI has suffered the largest decline, down by 12%, but fifth-placed Imabari of Japan, enjoyed a 9% increase in the value of its orderbook."
Ponant Orders Four Ships from VARD
Norwegian offshore shipbuilders VARD have announced a deal with French luxury cruise ship operator Ponant for the construction of four luxury expedition cruise vessels, for delivery in 2018 and 2019.
Asia Cruise Cooperation Launched
Five Asia cruise destinations – Hainan, Hong Kong, The Philippines, Taiwan and Xiamen–jointly announced the launch of Asia Cruise Cooperation (ACC), a committed…
LNG Infrastructure Market to Reach $55B
There are a number of exciting LNG liquefaction prospects around the world in 2016, both under construction and prospective. The question is whether the demand of…
Indonesia Seeks Buyers for LNG Cargoes
According to a report in Reuters, Indonesia is seeking buyers for "three to four" uncommitted liquefied natural gas (LNG) cargoes from its Bontang refinery operated…
Shipping Firms Sign up to Fight Illegal Wildlife Trafficking
The world’s largest shipping and airline companies, port operators and transport groups have committed to trying to shut down the main international wildlife trafficking routes.
Argentina Sinks Chinese Ship
Argentina's coast guard has sunk a Chinese trawler that was fishing illegally within its territorial waters, the coast guard said on Tuesday, marking a first test…
Long Beach Port Appoints 3 Directors
The Board of Harbor Commissioners has approved the appointments of new directors for the Port of Long Beach’s Finance, Surveys and Transportation Planning divisions.
Digital Marine Acquires Jeppesen's Marine Division
Digital Marine Solutions announced today it has signed a purchase agreement to acquire the marine division of Jeppesen, subject to regulatory approval. Under the terms of the agreement…
Seafarer Heroism Honored by USCG
The Coast Guard presented the crew of the cargo ship Joseph L. Block with a lifesaving award in Sturgeon Bay, Wisconsin, Saturday. Capt. Amy Cocanour, the Coast Guard Sector Lake Michigan commander…
Liftboat SUDA 300-L4T Delivered
A. K. Suda (SUDA) has successfully completed the design of a 300 ft. (91.5m) truss-legged liftboat. This vessel is being delivered to its owners in 1st Quarter 2016.
Survitec, Ocenco Team Up to Meet EEBD Replacement Demand
Survitec Group, one of the world’s leading marine safety companies, is now working in partnership with Ocenco to replace thousands of M-20.2 Emergency Escape Breathing…
Danish Registry's Tonnage Rise Despite Challenges
2015 was another busy year for the Danish Maritime Authority in which many results were achieved – covering a wide span from growth to safety. This is evident from…
Marlink Opens Office in Singapore
Marlink has moved to a new office in Singapore in order to meet the growing demand for delivery and support of its portfolio of multi-band, business critical communication…
CCCC to Resume Sri Lanka Port Project After Suspension
China's CCCC said on Tuesday it had approval to restart the construction of its $1.4 billion real estate project near Colombo's port that was suspended a year ago…
Bureau Veritas Slashes Design Review Times
International classification society Bureau Veritas has dramatically slashed structural computational and verification times. The dramatic reduction in the time needed to check the structure, seakeeping and stability of new vessels and floating offshore units is being delivered through the use of a powerful 3D model which links directly to BV’s entire VeriSTAR suite of calculation tools. Philippe Donche-Gay…
G50ME-C9 Engine Successfully Passes TAT
MAN Diesel & Turbo’s G50 engine has successfully passed its Type Approval Test at Mitsui in Japan. Upon entering service, the engine will power the world’s first ethane-fuelled eco-friendly LEG (Liquefied Ethane Gas) carrier – the first of three such vessels to be built in China by SinoPacific Shipyard for the German shipowner, Hartmann Reederei. Besides operating on ethane, the flexible ME-GI engine will be able to operate on HFO, MDO and gas oil.
The Dawn of the Digital Cruise Era
Cruise shipping is one of the fastest growing sectors in tourism. The Cruise Lines International Association (CLIA) predicts that over 24 million passengers will take a cruise in 2016 and that CLIA member lines will match this with more than a $6.5 billion investment in new ocean-going ships. However, in the past few years, the industry has not always hit the headlines for the right reasons. Negative environmental stories…
Japan Coast Guard: Maritime Security Tops Agenda
Maritime Reporter & Engineering News interviews VADM Satoshi NAKAJIMA, Vice Commandant for Operations, Japan Coast Guard, in its March 2016 edition. Please discuss the history of the Japan Coast Guard. Immediately after the end of World War II, maritime security and the safety of ship operations were both deteriorated significantly in waters around Japan. Crime became widespread, while marine navigational aids and other establishments were destroyed.
Excelerate FSRU Hits Milestone
Excelerate Energy said t its newly upgraded floating storage and regasification unit (FSRU) Explorer recently completed its sendout performance tests and reached a sendout capacity of 1.0 Bcf/d – an unprecedented milestone for an FSRU. The FSRU is currently under long-term charter to Dubai Supply Authority (DUSUP) at the Jebel Ali LNG Import Terminal. "We approach each of our projects as partnerships and work closely with our customers…
