Rolls-Royce Designs Stern Trawlers for Two Greenland Firms
Two stern trawlers of Rolls-Royce design are contracted to be built by the Freire Shipyard in Spain. The two vessels, both designed for catching shrimp, have been ordered by Greenland based ship owners Qajaq Trawl and Polar Seafood. “Rolls-Royce has a long history working with both Qajaq Trawl and Polar Seafood in designing several fishing vessels for use in a harsh climate. We are of course very happy to continue this cooperation,” said Monrad Hide, Vice President Sales, Rolls-Royce – Marine.
Incat to Build RoPax Vessel for Virtu Ferries
Incat has been selected by Virtu Ferries of Malta to design and build a 110 meter vehicle passenger RoPax ferry. The new wave piercing catamaran will become the 15th fast ferry Virtu has acquired, it will be the largest high speed catamaran in the Mediterranean and with a service speed up to 38 knots it will complete the crossing from Malta to Sicily, berth to berth, in around 90 minutes. “Virtu Ferries is amongst the oldest…
NuBlu: LNG Fueling Station in the GOM
NuBlu Energy has begun the construction of a natural gas liquefaction plant in Port Allen, LA, strategically located along the Mississippi River. NuBlu’s facility…
Japan's NYK Line Warns of $1.9 bln hit to Earnings
NYK Line may book losses as shipping slump slashes asset values. Nippon Yusen, Japan's biggest shipper by sales, warned it would book a $1.9 billion hit to first-half income…
Asia Tankers-VLCC Steady After Bumping Four-Month High
Power struggle breaks out between between owners and charterers; West Africa cargoes hit a monthly record. Freight rates for very large crude carriers (VLCCs), which…
Hurricane Matthew batters Florida, Haiti Death Toll Rises
Storm's eye nears Cape Canaveral. The first major hurricane threatening a direct hit on the United States in more than 10 years lashed Florida on Friday with heavy…
Palfinger Wins Deck Equipment Package
Palfinger Marine signed a contract with Turkish shipyard Cemre to supply a deck equipment package to a Havyard 832 MPV vessel being built for Esvagt. The package from Palfinger consists of cranes, winches and offshore equipment. The MPV will measure 81.9 x 17.16 m, with a deck area of 620 sq. m., a speed of 15 knots and a bollard pull of 100 tons. The delivery of the equipment is scheduled for 2017.
At least 478 Dead in Haiti from Matthew
The number of people killed by Hurricane Matthew in Haiti rose to at least 478 people on Friday, as information trickled in from remote areas previously cut off by the storm, officials said.
Trafigura Backs Out of Tanker Foray
Trafigura has sold five oil vessels to a unit of China's Bank of Communications , ending the trading house's move into owning tankers, the company said on Friday.
No Reprieve for Multipurpose Shipping Until 2018: Drewry
The last three months have been some of the worst the multipurpose and project carrier sector has endured in living memory. The breakbulk and project cargo sector remain weak…
Counter-piracy Measures Still Needed
​Merchant shipping should continue to take protective measures against possible piracy attacks in the Gulf of Aden and the western Indian Ocean through diligent…
Submarine Market Valued at Nearly $23 Billion
The submarine market will be valued at $22.8 billion this year. By 2026 the market will reach $36.3 billion, according to Strategic Defence Intelligence. This represents…
Global Submarine Battery Market Growth at 5.28%
The global submarine battery market to grow at a CAGR of 5.28% during the period 2016-2020, says Global Submarine Battery Market 2016-2020 report by Research and Markets.
Asian LNG Prices Rise to Highest Levels
Asian liquefied natural gas (LNG) gas prices reached a nine-month high this week as demand from India, Japan and South Korea underpinned sentiment, reports Reuters.
MOL Group Develops Onboard Labor Management Software
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) today announced that its group’s core dry-cargo ship management company, MOL Ship Management Co., Ltd.
MPA Tests Joint Oil Spill Response Procedure
The multi-agency joint oil spill exercise was conducted today as part of an on-going effort to ensure our ports remain safe, secure and clean for the international shipping community.
VARD confirms Two Hapag-Lloyd Cruises vessels Deal
Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of specialized vessels, confirmed the contracts for the design and construction…
Barcelona Port Encourages Partnering for Development
The Port of Barcelona is pursuing an active policy to increase the competitive edge of its customers, fostering the development of efficient and operational services…
Site for Indiana's Fourth Port Being Examined
The Ports of Indiana announced that Indiana Michigan Power has agreed to sell its recently retired Tanners Creek coal plant in Lawrenceburg, Ind., to a brownfield…
Fuel Crunch Looms, Terminals in Path as Hurricane Matthew Nears US
The Southeast United States is expected to be hit with fuel shortages in the aftermath of Hurricane Matthew, as the storm barrels toward one of the largest energy-consuming regions in the country. Some states are already experiencing supply constraints as motorists fill up tanks as an emergency precaution. The region is not known for energy production, but there are significant storage facilities directly in the path of the storm that have already been evacuated.
