Meyer Turku Reports Larger 2016 Profit
Shipbuilder Meyer Turku reported a net profit of 25 million euros ($27.4 million), or 3.2 percent of revenue, in 2016, rising from 15 million euros ($16.5 million) in 2015. The Finish shipyard, which specializes in cruise ship and large passenger vessels, said it has seen been on a âgood and economically sustainable pathâ since the Meyer family took ownership in 2014. Revenues rose 33 percent last year from 594 million euros ($651.5 million) in 2015 to 792 million euros ($868.7 million) in 2016.
Med Diesel Diffs at 21-month High
A closed arbitrage from other regions and refinery shutdowns have tightened the Mediterranean diesel market driving cargo premiums to ICE gasoil futures to their highest since August 2015.
New Container Facility at DP World London Gateway
A new off-dock empty container storage yard is to be opened at DP World London Gateway Port. The five acre yard will be operated and managed by Solent StevedoresâŠ
CMA CGM Rolls Out New Mobile App
CMA CGM Group is launching a new version of its mobile application, overhauled with new features that will allow customers to track shipments, provide access to all line schedules and company news.
Training for Maritime Law Enforcement in ME
A three-week training course on maritime law enforcement for the Middle Eastern countries surrounding the Gulf of Aden concluded May 4 in Jeddah, Saudi Arabia.
The Shipowners' Club Bounce Back to Black
The Shipownersâ Club, the leading mutual P&I insurer in the smaller and specialist vessel sector, has reported resilient results for the year ending 31 December 2016.
ABS, DSME Pact on Novel FLNG Concept
ABS signed an agreement with Daewoo Shipbuilding and Marine Engineering Co. (DSME) to support safety and apply class guidance to a conceptual Floating Liquefied Natural Gas (FLNG) unit.
Inmarsat Fleet Xpress Passes 10,000 Ship Milestone
Satellite communications services provider Inmarsat says that "in an extraordinary level of service uptake surpassing expectations," its Fleet Xpress service hasâŠ
MOL Group Q1 Shows Robust Earnings Growth
MOL Group announced its financial results for Q1 2017 in which all business segments â Upstream, Downstream, Consumer Services, Gas Midstream â managed to increaseâŠ
d'Amico Bullish on Product Tankers
d'Amico International Shipping believes that the supply-demand balance in the product tanker freight market is improving. The key drivers that should affect theâŠ
Matson, Philly Shipyard Mark âAloha Classâ Milestone
Philly Shipyard, Inc. (PSI), the wholly-owned U.S. subsidiary of Philly Shipyard ASA, and Matson, Inc., a U.S. carrier in the Pacific, today marked a milestone in the construction of the first of two new "Aloha Class" containerships to be delivered to Matson in the third quarter of 2018 and first quarter of 2019, respectively. Designed specifically for Hawaii service, they will be the largest containerships ever built in the U.S.
VT Halter Building New Blast and Paint Facility
VT Systemsâ shipbuilding arm VT Halter Marine said it has begun construction of a new state of the art integrated blast and paint facility, effective April 17, 2017. The new facility at VT Halterâs Pascagoula, Miss. shipyard will allow the complete indoor and environmentally controlled surface preparation and final painting of ship sections prior to final erection. Its âflow-thruâ configuration will allow ship sections to be preparedâŠ
WCI Applauds FY 2017 Omnibus
Waterways Council, Inc. (WCI) praised todayâs passage of the FY 2017 Omnibus Appropriations bill that provides funding for the U.S. Army Corps of Engineers through the Consolidated Appropriations Act of 2017. FY â17 funding for the Corpsâ Civil Works mission totals $6.038 billion, a 0.8 percent increase above the FY â16 funding level, but almost a 31 percent increase above the Obama Administration requested level.
NKT Names New Cable-laying Vessel NKT Victoria
The new NKT cable-laying vessel was named NKT Victoria at a ceremony at the power cable plant in Karlskrona, Sweden. The act was carried out by the regional GovernorâŠ
USCG Investigating âLaser Strikesâ on Commercial Ships
The U.S. Coast Guard said it is investigating multiple laser strikes during the past month aimed at commercial vessels transiting the Chesapeake Bay. Four incidencesâŠ
Great Lakes Iron Ore Trade Climbs in April
Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 5.8 million tons in April, an increase of 8.8 percent compared to a year ago, the Lake Carriersâ Association (LCA) reported. Shipments topped the monthâs five-year average by nearly 21 percent. Shipments from U.S. Great Lakes ports totaled 5.3 million tons in April, an increase of 6.8 percent, while loadings at Canadian terminals in the Seaway jumped 35 percent to 507,000 tons.
Cummins Introduces Mobile App
Without having to enter a service bay or wait for a technician to come on site, Cummins customers are now able to read prioritized engine fault codes and other key engine information within minutes wherever they are operating with the new Cummins Guidanz mobile app. Available as a free download now on the Apple App Store or the Google Play Store, the Guidanz mobile app arms customers with criticalâŠ
DONG Energy Settles Platform Dispute
DONG Energy said it has reached a settlement with Daewoo Shipbuilding & Marine Engineering and Technip over who bears responsibility for construction errors concerningâŠ
Wagenborg Signs Multi-year Contract with Castor
Castor Marine, the Netherlands based maritime communications and IT services provider, has announced that it has been awarded a multi-year contract with Wagenborg Shipping. The contract covers the delivery of 40+ new VSAT systems with satellite Internet based on Castorâs global VSAT network, Inmarsat Fleetbroadband as back-up for the VSAT service and IT support for the vessel LAN infrastructure. CastorâŠ
El Nino Conditions Are Developing in the Pacific
El Nino conditions are developing across the Pacific with an increasing probability that a full-fledged El Nino episode will occur during the second half of 2017.
