New Web Tool Aids Cable and Pipe Routing
Should vital safety components such as cable and pipe transits be a design-based or a field-based decision? Cable and pipe seals provider Roxtec suggests that designers and engineers take control of this issue by proposing the free web-based tool, Roxtec Transit Designer. The design tool aims to simplify the entire process that surrounds cable and pipe routing and provides full documentation. The latest…
Standardized Modules Facilitate Quick Vessel Conversion
High costs in converting existing vessels can efficiently put an end to updating a fleet. But with standardized, predefined modules, a vessel can be mobilized for other types of work within a few days without intervening in the ship structure. And when the mission is completed, the module can easily be demounted. “To a shipowner considering a tender, the vigorous costs of having to convert their existing tonnage can set a stop to their project.
UK’s Wight Shipyard to Build Two Fast Ferries
The largest fast passenger ferry order for a U.K. shipyard in over 25 years has been confirmed by MBNA Thames Clippers. Two new 170 capacity passenger boats will be built at the Wight Shipyard Co on the Isle of Wight, and will join London’s growing river transport network in summer 2017. Representing an investment worth over £6.3 million, the order will see the creation of 75 new jobs across the Isle of Wight and London…
China Rebuffs S.Korea over Sinking of Coast Guard Vessel
China said on Wednesday South Korea's coast guard should not have been operating in part of the sea where one of Seoul's patrol boats sank last week during an operation…
South Korean Yards Eyed for $3.8 Bln LNG Shipbuilding Deal
A little-known investment company said it intends to order up to 20 liquefied natural gas (LNG) carriers, probably from South Korean shipbuilders. The contracts would be worth as much as $3.8 billion…
Evidence Suggests Houthi Role in Strike on US Warship
The United States is seeing growing indications that Iran-allied Houthi rebels, despite denials, were responsible for Sunday's attack on a Navy destroyer off the Yemen coast, U.S. officials told Reuters. The rebels appeared to use small skiffs as spotters to help direct a missile attack on the warship, said U.S. officials, who are not authorized to speak publicly because the investigation is ongoing.
Oil Rises on Record Indian Imports, Hopes of Output Caps
Oil prices edged up on Wednesday, supported by record Indian crude imports and talks between OPEC producers and other oil exporters on curbing output to end a glut in the global market.
DCNS Mulls Buying Stake in STX France
The head of the French state-controlled naval defence group DCNS said on Wednesday it was "closely studying" a possible stake purchase in STX France, a shipyard subsidiary of the struggling South Korean conglomerate STX Corp. Herve Guillou said DCNS was not however looking at the option of taking a majority stake. The French state holds a 33 percent minority stake in STX France, which runs naval shipyards in Saint-Nazaire on the west coast. Loss-making STX Corp is in administration.
VLCC Brings India's First Iranian Oil Parcel for Emergency Reserves
India has received the first parcel of Iranian oil to partly fill its strategic storage in southern India, Mangalore Refinery and Petrochemicals Ltd , which imported…
Japan Protests over Signs of Renewed Chinese Gas Exploration
Japan has protested to China over signs it is pressing ahead with maritime gas exploration in the East China Sea despite Tokyo's repeated requests to stop, Japan's…
Lithuania Terminal Operator to Start LNG Bunkering in 2017
Lithuania plans to start liquefied natural gas (LNG) bunkering next year, and will soon call a tender for a test cargo, Klaipedos Nafta, the operator of the terminal, said on Wednesday.
NYK Expects Loss of $1.9 Bln
The Japanese shipping operator Nippon Yusen Kabushiki Kaisha (NYK Line) will book an ‘extraordinary’ loss totaling 195 billion Japanese yen (U.S. $1.89 billion)…
Hanjin Shipping to Lay Off U.S. Staff
South Korean liner carrier Hanjin Shipping has announced job cuts in the U.S., but says the move is not connected to its failure and filing for bankruptcy protection, says a report in Bloomberg.
Delay of Shipping SOx Law Could Endanger 200K Lives -Study
The implementation of a global low-sulphur fuel law for ships in 2020 would prevent 200,000 premature deaths globally, a health study by a group of researchers from…
Elektrans, CST & Marine Service to establish Chemtrans
Elektrans Group has joined hands with German tank operator Chemikalien Seetransport (CST) and the consultancy and engineering company Marine Service GmbH to establish…
Deviation Of MSC Services in Freeport Following Hurricane Matthew
Following the severity of Hurricane Matthew last week, Mediterranean Shipping Company (MSC) Freeport terminal operator in the Bahamas has temporarily halted operations…
LNG Newcomer Mulls $3.8 billion 20-Vessel Order
According to Reuters CBI Energy and Chemical (CB&I), a little known investment firm, plans to order up to 20 LNG carriers, in a deal worth up to US$3.8 billion…
EMGS to Cut Global Employee Expenses
Electromagnetic Geoservices ASA (EMGS) announces a reduction in the Company's cost base in line with a reduced level of activity. The Company will seek a global…
NYK Jointly Develops Innovative Anti-rust Agent
NYK and Agua Japan Co. Ltd. have jointly developed an innovative anti-rust agent to prevent iron and steel rust on vessels. The new agent, Marine Guard 100 (MG 100)…
New Container Terminal Inaugurated in Iraq
International Container Terminal Services, Inc. (ICTSI) formally opened the first phase of its new greenfield terminal development at its Basra Gateway Terminal in the North Port, Umm Qasr, Iraq.
