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.
Crown Princess Victoria of Sweden Calls for Saving Ocean
“Do what you can, do it wisely, and most importantly do it now. A healthy ocean is not a luxury item. It is a necessity for survival. And taking care of the ocean means taking care of ourselves…
Indian Warships Arrive Australia for Maritime Drill
Three Indian warships sailed into Fremantle to participate in a week-long naval exercise off the Western Australian coast. Exercise Australia India is a regular…
Cargo Shipping Market to Grow at 3.45% to 2023
Global Cargo Shipping Market is expected to grow around 3.45% CAGR during the period 2017 to 2023, says a report by Market Research Future. In recent years, Global…
Small Scale LNG Market to Grow at 2.5% to 2022
The Global Small Scale LNG Market is expected to grow over the CAGR of around 2.5% during the period 2014 to 2022, says a report by Market Research Future. The growth…
Sinochem Implements DNV GL's ShipManager to 80 Vessels
China’s Sinochem International Logistics, a leading chemical tanker owner and operator with 80 vessels, is implementing DNV GL’s data smart fleet management system ShipManager on the entire fleet…
Maersk Container Launches Cold Chain Energy Meter
Maersk Container Industry is introducing an energy meter with its Star Cool refrigerated containers. Star Cool refrigerated containers are now fitted with a new…
MSC Adopts Amendments to SOLAS2020
International Maritime Organization (IMO)'s Marine Safety Committee (MSC) adopted amendments to SOLAS2020 that raise the damage stability requirements for passenger…
SailSafely Gets 300 Ambassadors
The SejlSikkert (SailSafely ) campaign enjoys fair winds and is now backed by more than 300 ambassadors, says a statement from Danish Maritime Authority (DMA). Nautical…
Rapp Deck Equipment for New Krill Vessel
Rapp Marine informs it will supply a complete electric deck machinery package for a new 130-meter-long krill vessel under construction for Aker BioMarine at Vard Group AS in Norway. The total contract value is 1 billion NOK (Approximately US$118.5 million). “This is our first delivery to a krill vessel,” said Tor-Idar Øye, Rapp Marine VP Sales. All plans and specifications for the new vessel have been developed in cooperation with fishermen from Aker BioMarine and engineers from Vard Group AS…
Qatar Petroleum, Shell Sign LNG Bunkering Agreement
Qatar Petroleum and Shell signed a framework agreement to develop global LNG bunkering facilities on Tuesday, Qatar Petroleum said. "We view LNG bunkering as a promising…
First 12-cylinder Wärtsilä 31 Engine Ordered
Wärtsilä said it has booked an order in April 2017 to provide its Wärtsilä 31 main engine, the propulsion machinery and the auxiliary engines for a new state-of-the-art pelagic trawler under construction at a Norwegian shipyard. The vessel has been ordered by Research Fishing Co based in Lerwick, Shetland Islands. There is an option for a second vessel. In specifying the Wärtsilä solutions, the customer…
Sen. Wicker Calls for a 355-Ship Navy
U.S. Senator Roger Wicker (R-Miss.), Chairman of the Senate Seapower Subcommittee, delivered the first in a series of scheduled remarks aimed at making the case for growing the U.S. Navy fleet to 355 ships, a goal shared by President Trump. Wicker’s speech focused primarily on shipbuilding and the capacity of the submarine industrial base to meet the Navy’s requirements. “President Trump wants a 350-ship Navy, which aligns with the Navy’s requirement for 355 ships.
Shipping’s ‘Perfect Storm’ is Brewing -Allianz
Large shipping losses have declined by 50 percent over the past decade, mostly driven by the development of a more robust safety environment by ship owners, according to Allianz Global Corporate & Specialty SE’s (AGCS) fifth annual Safety & Shipping Review 2017. In 2016 there were 85 total shipping losses reported, down 16 percent from 101 a year earlier. The number of shipping incidents declined slightly year-on-year by 4 percent with 2…
RIBCRAFT Delivers Two Tour Boats
Rigid inflatable boats (RIBs) manufacturer RIBCRAFT announced the recent deliveries of two USCG Sub Chapter T Certified Tour Boats to customers in Hawaii and Florida. The two certified 30’ RIBCRAFT 9.0s – one to the Four Seasons Hualalai Resort in Hawaii and one to Aqua Adventure Tours in Florida – were built to meet the unique needs of each company. The vessels feature a combination of jockey-style pod seats and benches for accommodating up to 15 guests on eco and adventure tours.
Moose Boats Bags Rhode Island Fireboat Order
Newport, R.I. fire department orders emergency response vessel from California boat builder Moose Boats. Moose Boats, a boat designer and manufacturer in the San Francisco Bay Area, said it was awarded a contract from Newport Fire Department in Rhode Island for the construction of a M2-38 aluminum catamaran CBRNE emergency response and recovery vessel. The vessel will be powered by twin Cummins 425hp…
Maersk Sells Mercosul Line to CMA CGM
An agreement between two container carrier giants will see CMA CGM acquire Maersk Line owned Mercosul Line, a player in Brazil’s domestic container shipping market. The price of the sale was not made public. The transaction is subject to Brazilian regulatory approval as well as the closing of Maersk’s recent Hamburg Süd acquisition. At the earliest, Mercosul's integration within CMA CGM is expected to start in Q4 2017 at the same time as the Hamburg Süd integration.
Damen Stan Pontoon Delivered to Norway
Norwegian maritime transport company Skyssbåtservice has taken delivery of a Stan Pontoon 4512 from the Damen Shipyards Group. The 45-meter barge will be capable of fulfilling a variety of roles in both the general maritime transport sector projects and the oil and gas industry. As well as carrying general cargo along the Norwegian coast on its 12 metric tons per m² deck, the barge is fitted with a bow ramp giving it full RoRo capability.
Smiths Detection: Next-Gen Container Scanning Tech
Innovative new ontainer scanning technology is being developed for the CORE (Consistently Optimized REsilient Secure Global Supply-Chains) European Research Project by Smiths Detection, a leader in detecting weapons, biohazards, radioactive material, narcotics and contraband. Smiths Detection is designing both hardware and software for the next generation of container scanners, which will speed-up throughput and improve detection.
ABB Software Aids Supertankers Entering Port of Long Beach
Supertankers entering the Port of Long Beach will use ABB’s marine software to produce real-time data of the keel-to-seabed clearance, improving the safety and efficiency of the operations. Sensors fitted to Tesoro vessels will send information to a Portable Surveyor Box (PSB), carried by the pilot, which will verify their route to the dock. In this specific case, the system is used to continuously validate (and improve) pre-calculated motions from the online decision support system PROTIDE…
