MAN Diesel & Turbo Tallies Chinese Dredger Contracts
Over a period of four months, MAN Diesel & Turbo has won contracts for four Chinese dredger newbuildings. Chinese outfits CHECD, Jiangsu Haixin and Huanghua Port Bureau recently chose MAN medium-speed engines for trailing suction hopper dredger (TSHD) newbuildings. CHEC Dredging Company Ltd. (CHECD) – a subsidiary of CCCC Shanghai Dredging Company Ltd., a branch of CCCC Dredging Company Ltd. (CDC)…
Oil Supply Growth to Outpace Rise in Consumption in 2018
Growth in oil supply next year is expected to outpace an anticipated pick-up in demand that will push global consumption above 100 million barrels per day (bpd) for the first time, the International Energy Agency said on Wednesday. The Paris-based IEA said production outside the Organization of the Petroleum Exporting Countries would grow twice as quickly in 2018 as it will do this year, when OPEC and 11 partner nations have restrained output.
DNV GL Opens Fleet Performance Centers
DNV GL informs it has opened two digital fleet performance centers in Hamburg and Singapore to support its ECO Insight customers in monitoring and optimizing their fleets. Expert systems at the fleet performance centers are able to check incoming vessel data from customers using the ECO Insight platform, providing quality control of the data and offering suggestions on potential improvement levers for both individual vessels and fleets…
Active Shipping Moves Tanker and Bulk Carrier Fleet to Sealink VSAT
Active Shipping is teaming up with Marlink and its regional partner Ozsay Satellite Communications to move into the world of high-speed maritime broadband and ship digitalization. By installing Marlink’s Sealink Global VSAT service combined with the XChange digital solutions platform, the Istanbul, Turkey-based ship manager will experience a significant boost to its operational capabilities on its vessels, which comprise oil tankers and bulk carriers.
Port of Kiel Opens Waste-water Reception Facility
A modern ship waste-water reception facility went into operation at Kiel’s Ostseekai on June 14. During an inauguration ceremony the new plant’s valves were symbolically opened by Kiel’s Lord Mayor Dr. Ulf Kämpfer, Construction chief Doris Grondke, the head of the Water Management and Marine and Coastal Protection Department in the Schleswig-Holstein Environment Ministry Dietmar Wienholdt, Port chief Dr. Dirk Claus and Captain Kjell Holm of TUI Cruises.
US Coast Guard Shipwreck Found – 100 Years Later
The shipwreck remains of a historic U.S. Coast Guard cutter have been discovered off of Southern California 100 years after the vessel was lost at sea. In its heyday, the Coast Guard Cutter McCulloch – commissioned in 1897 as a cruising cutter for the U.S. Treasury’s Revenue Cutter Service, a predecessor of the Coast Guard – saw its share of action, having served with Commodore George Dewey in the Battle of Manila Bay in 1898 as part of the U.S.
Kirby Corp Acquires Stewart & Stevenson
Houston based tank barge operator Kirby Corporation said it has signed an agreement to acquire the assets and businesses of Stewart & Stevenson LLC for approximately $710 million. The agreement was signed on June 13 by the companies’ executive chairmen, Joseph H. Pyne of Kirby Corporation and Hushang Ansary of Stewart & Stevenson. Kirby said the purchase will be funded through its revolving credit facility and common stock valued at approximately $355 million.
Baltic Exchange Mulls New Freight Indexes for Grains, LNG
The Baltic Exchange is looking into launching freight indexes for grains and liquefied natural gas (LNG) as the London-run business targets new markets after its acquisition by Singapore Exchange last year, the Baltic's chief executive said. Founded in 1744 as a forum for chartering vessels, the Baltic Exchange now produces benchmark indexes for global shipping rates and owns a trading platform for the multi-billion dollar freight derivatives market.
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