Germany Orders Five More Navy Ships
Germany has agreed to spend 1.5 billion euros to buy five more corvettes for the navy, the navy said on Friday, and Die Welt newspaper quoted lawmakers as citing…
Brunswick Wins $72 Mln Order from US Southern Command
Brunswick Commercial & Government Products (BCGP) said it has been awarded a multi-year, multi-unit contract valued at $72 million. The single-award, indefinite-delivery/indefinite-quantity contract is for both 32-foot and 37-foot Boston Whaler Justice boats and will include spare parts, maintenance and training support for The United States Southern Command (SOUTHCOM) area of responsibility, which includes Central America, South America and Caribbean nations.
Wärtsilä to Power Mediterranean's First LNG Ferry
Wärtsilä said it has signed a contract with Construcciones Navales del Norte SL (LaNaval) shipyard in Sestao, Spain for the design and supply of the LNG power and propulsion installation for a new RoRo passenger ferry being built for Spanish owner Baleària, an operator serving the Balearic Islands. There is also an option for a second vessel. The contract, signed in August 2016, will also see Wärtsilä provide inclusive project support services to the yard…
Euronav Defers VLCC Resale Deliveries into 2017
Euronav NV said it has agreed with Hyundai Heavy Industries (HHI) shipyard in South Korea to defer the delivery of the two VLCC ex-yard resale vessels it recently…
GSSC Announces Fall Meeting
The Gulf States Shipbuilders Consortium (GSSC) announced that its fall meeting will be held October 18-19, at the Holiday Inn in Mobile’s historic district. Highlights of the meeting include a presentation by U.S. Representative Bradley Byrne (R-Fairhope). Byrne will deliver an Update from Washington at the official meeting kick-off at the recently opened GulfQuest Maritime Museum on Oct. 18. Byrne is a member of the prestigious House Rules Committee…
Caterpillar Propulsion for New LNG Cruise Ships
Caterpillar Marine said its dual fuel engines have been selected for a new generation of cruise ships; tThe company’s MaK 16 M 46 DF dual fuel engines, along with the full LNG supply and handling system, are to be installed on four new ships, two apiece under construction at Meyer Werft’s Papenburg (Germany) and Turku (Finland) shipyards. Caterpillar Marine now offers all round LNG propulsion solutions – from shore-side bunkering to on-board storage…
Grand Bahama Shipyard Reopens after Hurricane
The largest shipyard in the Caribbean and Central America, Grand Bahama Shipyard (GBSL), has reopened for business after sustaining minor damages from Hurricane Matthew. Hurricane Matthew passed through Grand Bahama Island October 6, 2016 with winds up to 120 mph causing disruption and significant damage to the island’s infrastructure and the community in general. The yard reported minor damage, mainly to buildings and general property…
VLCC Rates to Hold Firm as Owners Await MidEast Cargoes
Freight rates for very large crude carriers (VLCCs), which rose to multi-month highs this week, are likely to hold firm as owners tread water before the release of further Middle-East and West Africa cargoes, ship brokers said on Friday. "The market is taking a bit of a breather. The market is waiting for Saudi Arabian cargoes," said Captain Ashok Sharma, managing director of broking house BRS Baxi Far East in Singapore.
Kazakhstan's Kashagan Ships First Oil for Export
The first batches of oil from the giant Kashagan oil field in Kazakhstan were shipped for export on Friday via two pipelines, the Central Asian nation's Energy Ministry said.
Freight Futures Market Avoids Tougher EU Information Disclosures
The European Union's securities markets regulator has dropped proposals to make participants in the multi-billion dollar commodity derivatives market for freight…
Euronav Pushes Delivery of Two VLCCs at HHI
Euronav NV announces today that it has agreed with Hyundai Heavy Industries (“HHI”) shipyard in South Korea to defer the delivery of the two VLCC ex-yard resale…
India to Double LNG Import
India plans to double its LNG import capacity in one year to augment gas based transport systems. The country will seek help from Russia and the US to make such ambitious plan possible.
Trawler Almost Capsized by British Submarine
Royal Navy incompetence put an Irish trawler crew at risk after one of its submarines became snagged in a net and nearly capsized the ship. The nuclear-powered sub…
Cosco Raises $1.8bln Capital
China’s COSCO Shipping Development Co Ltd announced a proposed nonpublic issuance of about 3.28 billion shares to specific investors, including its parent company…
Maersk Bullish on India
BRICS bloc export-import (exim) containerised trade with the world registered a growth of 5.8 per cent in the first half of 2016 as against de-growth of 2.2 per…
Hanjin Wants to Sell to Maersk
The Seoul Central District Court has approved a divestment of Hanjin Shipping's Asia-US network and the bankrupt carrier has encouraged Maersk Line to bid on the assets…
Zim Adds Pacific North West Service
Zim Integrated Shipping Services (ZIM) is introducing an additional Asia-Pacific North West Trade route, CEN – (China Express Northwest service) with the following…
Genco Shipping Chairman Resigns
Genco Shipping & Trading Limited announced that Peter C. Georgiopoulos has resigned from his role as Chairman of the Board, effective immediately. Arthur L. Regan…
New Helmholtz Institute for Functional Marine Biodiversity
Marine ecosystems provide us with food and raw materials, they have an impact on air quality and global climate, they break down harmful substances and serve as places of recreation and tourism.
Damen, NSTC offer Crew Training in Philippines
To mark this year’s Interferry Conference in Manila, the Philippines, Damen Shipyards Group has teamed up with Netherlands Shipping Training Centre (NSTC), Managed…
