Diana Shipping's Vessel Melite Grounds off Indonesia
Greek dry bulk owner Diana Shipping's Panamax bulk carrier, Melite, has been temporarily disrupted due to a grounding incident at Pulau Laut, Indonesia. "The employment…
Hyundai Merchant Marine Seeks USD 8.9 bln from KDB
Hyundai Merchant Marine (HMM) requested the Korea Development Bank (KDB) to support with a total of 9.9 trillion won (US$8.9 billion) in funds until 2022 to grow…
Harren & Partner to Acquire SAL Heavy Lift
Bremen-based shipping company Harren & Partner and "K" Line, Tokyo, have reached an agreement for Harren & Partner to acquire German carrier SAL Heavy Lift today (27 July 2017).
North Sea Terminal Bremerhaven Upgrades to Navis N4
North Sea Terminal Bremerhaven (NTB) has upgraded its terminal operating system from Navis Express to the N4 terminal system. NTB is one of Europe's busiest and most important container terminals…
EMP Aquarius MRE Prepares for Sea Trials
Eco Marine Power (EMP) has begun preparing for sea trials of its Aquarius Marine Renewable Energy (MRE) solution in co-operation with strategic partners and ship owner Hisafuku Kisen K.K.
Japan Bank Finances Danish Shipper
The Japan Bank for International Cooperation (JBIC) will provide a total of $28.3 million in syndicated loans with French bank BNP Paribas to help a major Danish…
Navios Group Rolls Out Containers Division
Navios Group has launched Navios Containers, a vehicle dedicated to the container sector. Navios Containers has the right to acquire all containerships offered to the Group…
Safe Bulkers Reports 2Q Loss, Buys Newbuild
Safe Bulkers has reported a loss of $1.6 million in its second quarter ended June 30, 2017 as compared to $9.0 million, during the same period in 2016. Net loss…
ESG Completes First OPC Milestone On Schedule, Within Budget
Panama City, FL, Eastern Shipbuilding has successfully completed its Initial Critical Design Review (ICDR) milestone with the United States Coast Guard on 21 July…
U.S. Sanctions Vens as Pressure Builds on Maduro
The Trump administration imposed sanctions on 13 senior Venezuelan officials as the country's opposition launched a two-day strike on Wednesday, heaping pressure…
Simrad, Patti Marine Partner on Vessel Bridge Suite
Simrad Commercial, in partnership with Patti Marine Enterprises, has announced the latest vessel commissioned for the Truex clamming fleet is outfitted with a complete suite of Simrad Commercial marine electronics. Seawatcher II, a 152-foot clamming vessel, features two Simrad NSO evo2 processors driving five 18.5-inch monitors, an AP70 Autopilot, Halo-4 and Halo-6 Pulse Compression Radar systems and two SonarHub sonar processing systems.
ABS, Industry Partners to Advance Autonomous Shipping
ABS joined the Unmanned Cargo Ship Development Alliance to work with industry partners, including class organizations, shipyards, equipment manufacturers and designers to advance autonomous shipping. The design will integrate features of independent decision-making, autonomous navigation, environmental perception and remote control. “Increased digitization, advanced technologies and new levels of connectivity are changing the way the maritime industry operates…
Shaver Transportation Selects Rapp Marine Winch Package
Shaver Transportation of Portland, OR, operating vessels within the Columbia River region of the Pacific Northwest for over a hundred years, has selected Rapp Marine as the supplier of the two heavy-duty load handling winches on their latest tugboat. Rapp Marine has almost two decades of experience of designing and delivering rugged winches for workboat market, and has been around as a company for over a hundred years as well.
Baydelta Chooses Rapp Marine Electric Tow Winch
For several decades, Rapp Marine has designed and delivered towing winches for workboat market. Combining the best ideas from Rapp’s past work in the other commercial industries and recommendations from the tugboat operators, Rapp Marine has developed long lasting and dependable towing winches. These past towing winches have mainly been powered using hydraulic systems in the North American market.
Baltic Index Falls as Capesize Rates Sag
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday as rates for larger vessels dropped. The overall index…
Shanghai to Spend $740 million on Cruise Ship Park
A Shanghai district government plans to spend about 5 billion yuan ($739.97 million) to develop a cruise ship industrial park to house foreign firms that it hopes…
France to Nationalize STX if Italy Deal Fails
French govt has made 50/50 ownership offer to Italy; Minister says offer on the table until Thursday. The French state said on Wednesday it would nationalise the…
