James Troop Supplies Engines for 3 Naval Vessels
![Bob Troop, chair and managing director James Troop & Co (in hi-vis jacket); Anthony Ward, engine sales executive James Troop & Co (grey suit); and Philip Hilbert, sales director MST (blue suit); seen with one of the new vessels at MST's construction facility and HQ, at Atlantic Way, Liverpool. (Photo: James Troop)](https://images.marinelink.com/images/maritime/w100h1500/bob-troop-chair-and-managing-55298.jpg)
Liverpool City Region (UK) based ship engine specialist James Troop & Co has won an order to supply Volvo Penta diesel engines for three European naval vessels being built on Merseyside. James Troop, one of the UK’s major Volvo Penta Centers, will supply the engines for three vessels being constructed by Marine Specialized Technology Ltd (MST), of Liverpool, which is the global leader for building…
Interior Facelift for Queen Mary 2
![Photo: McCue Marine](https://images.marinelink.com/images/maritime/w100h1500/photo-mccue-marine-55303.jpg)
Cunard’s luxurious flagship, the iconic 2,620 passenger ocean liner Queen Mary 2, will undergo an interior refit at the hands of McCue Marine during a 25-day multimillion-pound dry-dock at the Blohm & Voss Shipyard in Hamburg, Germany between May 27 and June 21, 2016. McCue, who secured a contract to remaster areas of the ship, will upgrade the Queen’s Grill and Princess Grill restaurants, in addition to the Queen’s Grill Lounge.
OSV Delivered to MC2 in Dubai
![Photo courtesy of MC2](https://images.marinelink.com/images/maritime/w100h1500/photo-courtesy-of-mc2-55297.jpg)
Marine Core & Charter LLC (MC2) headquartered in Dubai has taken delivery of the new build PETRA-1, the first of two, 45-meter Fast Offshore Support Vessels in a special delivery ceremony held at Dubai Maritime City on February 10, 2016. Built by UAE- based Triangle Shipyard, the new state-of-the-art 45-meter Fast Offshore Support Vessel, designed by U.K. designers Camarc, has a proven hull design and is uniquely built to meet the market demand for an efficient support vessel.
Chemical Shipping Freight Rates to Remain Under Pressure
![Chemical tanker orderbook to existing fleet ratio (Source: Drewry's Chemical Forecaster)](https://images.marinelink.com/images/maritime/w100h1500/chemical-tanker-orderbook-to-existing-55296.jpg)
On the back of low bunker prices and more new buildings to be delivered in 2016, chemical shipping freight rates for both contracts of affreightment and spot cargoes will be under pressure throughout 2016, as there are some new operators looking to break into the long-haul trade routes, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry. More and more larger vessels were delivered during 2015…
Baltic Index Pauses at Record Low
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, ended flat on Thursday after declining for 12 straight sessions…
NATO Launches Sea Mission Against People-Smugglers
NATO, EU mission to help target traffickers in Aegean Sea. NATO ships are on their way to the Aegean Sea to help Turkey and Greece crack down on criminal networks smuggling refugees into Europe…
Greeks at Frontline of Migrant Crisis Angry at EU Critics
ABOARD THE AGIOS EFSTRATIOS, Aegean Sea, Feb 11: Greek Captain Argyris Frangoulis lifts his binoculars and with eyes fixed on the Aegean Sea horizon, steers his…
Volvo Penta Debuts Innovative Glass Cockpit
The new generation of Glass Cockpit expands Volvo Penta’s collaboration with Garmin for an advanced monitoring and control system that makes boating easier. And its clever application…
Long Beach Sees Robust Container Growth
The Port of Long Beach kicked off 2016 by logging its seventh straight month of cargo increases, showing a 24.8 percent jump in container shipments over the same month last year.
Maersk Drilling Posts Record Profit
Maersk Drilling delivered the best result ever with a profit of USD 751m (USD 478m) in 2015 generating a ROIC of 9.3% (7.1%). The result was positively impacted…
Total Proposes 0.61 ‎€ per Share Dividend
The Board of Directors of Total met on February 10, 2016, and agreed to propose to the Annual Shareholders’ Meeting on May 24, 2016, a 2015 annual dividend of 2.44 euros per share…
APM Terminals Broaden Portfolio, Business Model
APM Terminals’ increased invested capital to USD $6.2 billion in 2015 as ongoing strategic plans to drive portfolio growth, improve productivity and safety performance…
Rosneft, Pietro Barbaro Form JV for Shipping
Rosneft and Pietro Barbaro S.p.A. signed a Memorandum of Understanding with the scope of creating a Joint Venture (JV) in the area of international shipping. The…
Update on Seagull Mobile apps for Crew
The Seagull mobile app for crew training status is set to revolutionise the way seafarers track their training records and receive critical safety alerts, by making…
Neptune Awarded Kitan Contract
Neptune has been awarded an air diving services contract by Technip Oceania Pty Ltd (“Technip”) for the Kitan disconnection project. The project is offshore in February…
NZ's “Sound framework” for Managing Coastal Navigation
A review of coastal navigation safety by Maritime NZ has found that there is a sound framework in place to manage the movement of ships around the New Zealand coast…
Maersk Falls into the Red
Maersk Line posted a steep decline in profit last year to $1.3bn, well down from the 2014 result of $2.3bn and below its most recent forecast as freight rate declines…
Maersk Line to Face Miserable 2016
In a video interview Group CEO of AP Møller-Maersk Nils S. Andersen comments on the 2015 full year result, low oil and freight rates, and the challenges and opportunities…
Shipping Firms Poised to Settle EU Probe
Fifteen container liner shipping companies "have offered to change their pricing practices to settle an EU antitrust probe and stave off possible fines," according…
UK to Double NATO Naval Deployments in 2016
Britain is doubling its naval deployments to North Atlantic Treaty Organization (NATO) in a move aimed a showing enemies that "we are ready to respond to any threat"…