Death Toll On The Rise at Chittagong Shipbreaking Yards
Two workers lost their lives at the Chittagong shipbreaking yards in the last two weeks, bringing the total death toll this year to six workers, reports NGO Shipbreaking Platform.
Managing Oil Spills
International experts have been sharing experiences, new technologies and scientific advancements relating to oil spill response at the International Oil Spill Conference (IOSC) in Long Beach…
EMP Inks Deal to Supply Aquarius MAS
Eco Marine Power (EMP) has signed a Memorandum of Understanding (MOU) with a Singapore based shipping company to supply its Aquarius Management and Automation (MAS) + Solar solution. The solution will also include hardware and software that will allow ships to monitor fuel oil consumption in real time, automatically calculate NOx/SOx/CO2 emissions and interface with marine solar power systems. Initially…
AWO Welcomes CVIDA Inclusion in Coast Guard Authorization Bill
The American Waterways Operators (AWO) said it welcomes the inclusion of the Commercial Vessel Incidental Discharge Act (CVIDA) and the recapitalization of the aging fleet of inland waterway tenders as part of the FY 2018 Coast Guard Reauthorization Act, which was approved today by the Senate Committee on Commerce, Science and Transportation by voice vote. CVIDA is bipartisan legislation that streamlines…
Dellner to Launch Heavy Duty SKD Disc Brakes
Dellner Brakes AB said it will introduce two new heavy-duty disc brakes to its SKD range that, through a new modular design, are set to deliver more choice and stopping power for large industrial, marine and offshore applications. The new brakes will be launched at Nor-shipping in Oslo, taking place from May 30 to June 2. Designed for stopping rotary motion and statically holding load in large marine vessels and industrial machinery…
Baltic Exchange Names Sykes Chief Commercial Officer
The Baltic Exchange has appointed a new chief commercial officer; Janet Sykes, former head of communications at shipping services provider Clarksons Platou, will join the Baltic Exchange on July 3.
North Korea's New Ferry Service Makes First Trip to Russia
A new ferry line between isolated North Korea and its neighbour Russia docked for the first time at the Russian Pacific port of Vladivostok on Thursday. The ferry's…
New Fast Displacement Yacht is First with Hybrid Propulsion
A new motoryacht built by built by the Netherlands’ Heesen Yachts is the world’s first Fast Displacement equipped with hybrid propulsion. Christened M/Y Home, the vessel is ultra-efficient, low fuel-burning and one of the quietest on the oceans. There are two sources of power for propulsion: diesel mechanical and diesel electrical. Either source can be used independently or simultaneously, providing less noise and vibration, more flexible power management and increased efficiency.
Swiss Fleet Dwindles as State Guarantees End
A dozen ships from the Swiss high seas fleet are being sold off as the global shipping crisis takes its toll on the quirky remnant of landlocked Switzerland's efforts…
The New Offshore Reality
Swedbank’s chief economist, Harald Andreassen, isn’t “too hopeful” about the long-term prospects for the oil price, but then again, “I’m less certain of this than I’ve ever been as an economist,” he told a floating production conference in Oslo. After two-and-half years of oil-price collapse followed by layoffs in the thousands; stacked oil rigs and order freezes for offshore shipping, price insecurity itself is a partial expression of confidence.
Hapag-UASC Tie-up Nears Completion
German shipping line Hapag Lloyd is close to completing a merger with United Arab Shipping Company (UASC) after UASC's shareholders agreed terms to repay outstanding debts, sources familiar with the talks told Reuters. The deal to create the world's fifth-biggest shipping company, valued at about 7 billion to 8 billion euros ($7.8-$8.9 billion), had been scheduled to complete at the end of last year. It would give Hapag Lloyd access to bigger ships on the major Asia to Europe trade route.
OP/Ed: CVIDA Good for Environment & Economy
I think it safe to say everyone agrees the discharge of ballast water has introduced non-native species to ports and harbors worldwide and more must be done to stop future invasions. Unfortunately, beyond that, there’s less agreement, much less. As a result, here in the United States we have two federal agencies, the U.S. Coast Guard (USCG) and the U.S. Environmental Protection Agency (EPA), plus, at last count…
MXB Begins Physical Operations in Mumbai
Matrix Bharat Pte. Ltd. (MXB), a supplier of marine fuels in India, has begun physical operations in Mumbai. In conjunction with this, MXB has commenced operations on Jawahar Dweep, an island off the southeastern coast of Mumbai. MXB is a joint venture between Matrix Marine Fuels and Bharat Petroleum Corporation Ltd. (BPCL), one of India’s largest PSU (state owned) oil refining and marketing companies.
ABB Launches Emissions Monitoring Module
A new development from ABB will enable customers to monitor emissions according to the EU’s Monitoring Reporting and Verification (MRV) regulation requirements, which come into effect January 1, 2018. ABB’s MRV module has been certified by the independent certifier Verifavia, as a tool to monitor all parameters to comply with the EU’s MRV regulation requirements. The system follows requirements set out in Regulation (EU) N° 2015/757…
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.
