ACE Winches Delivered Back Deck Solution to Saipem
Deck machinery specialist, ACE Winches has delivered and engineered a back deck solution for Saipem. Working to a tight deadline of three and half weeks, ACE Winches worked in conjunction with Scantrol AS to supply a deck machinery solution which included an Active Heave Compensation winch and A-frame solution that will be used as an auxiliary deep water deployment system for subsea equipment. The…
Baltic Index Slides for 4th Straight Day
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the fourth straight session on Thursday, pressured by lower panamax vessel rates. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was down 3 points, or 0.3 percent, at 957 points. The panamax index dropped 31 points, or 3.4 percent, to 894 points.
US Crude Sails to Asia as OPEC Weighs More Cuts
Oil tankers carrying around 10 million barrels of U.S. crude are en route to Asia, according to shipping data and trade sources, as U.S. producers take advantage of favorable prices to ship to the region while OPEC ponders further supply cuts next week. At least eight tankers are in transit, sources said and the shipping data in Thomson Reuters Eikon showed, with one of them carrying the first ever cargo of Southern Green Canyon crude purchased by Japanese refiner Cosmo Energy.
FORAN Implemented for Fishing Vessel Inspections
The SENER (Shanghai) Systems Co. office has signed an agreement with the Register of Fishing Vessels of Hebei Province (RFVHB), in China, to authorize the use of its FORAN system. As a result, the RFVHB will now use FORAN to perform fishing vessel inspections. The RFVHB is a public body belonging to the Register of Fishing Vessels of the People’s Republic of China. The use of FORAN will help the RFVHB to improve the efficiency of vessel inspections…
Keppel on Track to Deliver Rig for Caspian Drilling
Keppel Offshore & Marine Ltd (Keppel O&M) through its subsidiary in Azerbaijan, Caspian Shipyard Company (CSC), is on track to deliver a semisubmersible drilling rig to Caspian Drilling Company Ltd, a subsidiary of the State Oil Company of Azerbaijan Republic (SOCAR). The rig was named Heydar Aliyev at a ceremony in Azerbaijan today by the President of Azerbaijan, Ilham Aliyev. Built to Keppel FELS' proprietary DSSTM 38M design…
Russia Wants to Sell Sovcomflot to Small-stake Investors
Russia plans to sell part of state shipping firm Sovcomflot next month, hoping to draw in a wide range of small-stake investors rather than a strategic buyer who could threaten Moscow's control of the group, banking and industry sources say. The current era of low tanker market prices is far from the ideal time for Sovcomflot to raise revenue with a share offer, as freight rates were at their highs in 2015. Sovcomflot operates the world's second largest fleet of oil tankers.
WSS to Trial Drone Deliveries to Ships
Marking a shift in how ship agents can support customers, Wilhelmsen Ships Service (WSS) said it will soon begin delivering its agency essentials via drone. A much talked about technology, with obvious applications for the shipping industry, it is WSS’ships agency team, rather than the company’s supply chain, or product divisions, which have been assessing the business opportunities offered by drones.
Germany Halts Planned Warship Purchase
Germany's federal cartel office upheld on Thursday a complaint brought by German Naval Yards against an order from the defence ministry for five new military corvettes…
China Resumes Light Cycle Oil Imports
China has resumed imports of light cycle oil (LCO) after buyers cancelled shipments in April, as a planned Chinese consumption tax has not been announced, four industry sources said this week.
Australia Announces Naval Shipbuilding Plan
The Australian government announced a $89 billion (US$66.2 billion) naval shipbuilding plan, based mostly in Adelaide. The program will produce 12 submarines, nine…
Euronav Bags Five-Year FSO Deals
Euronav's joint venture with International Seaways (INSW) has signed a contract for five years for the FSO Africa and FSO Asia in direct continuation of the current contractual service.
EU Softens Rules on Ports Investments
European Commission has exempted public support measures in a number of areas from prior Commission state aid control, said a press statement. This facilitates public…
NYK Introduces New Navigation Support Tool
Nippon Yusen Kabushiki Kaisha (NYK), the Monohakobi Technology Institute and Japan Radio have jointly developed a support tool that enables officers to better manage…
EU Ship Owners Set Brexit Wish List
European ship owners have published their priorities when it comes to Brexit negotiations outcome. The shipping community embodies a fundamental acquis of the EU: free movement of goods and persons.
Indian Navy Ship Foils Piracy Bid in Gulf of Aden
The Indian Navy ship INS Sharda on Tuesday thwarted a piracy attempt on a Liberian vessel in the Gulf of Aden, in a well-calculated operation involving marine commandos (Marcos).
BP to supply LNG to Indonesia
BP has signed an agreement with Indonesian state-owned power utility Perusahaan Listrik Negara (PLN) to supply 16 LNG cargoes annually from Tangguh project during the period 2020 to 2035…
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