Largest US Refinery May Be Shut for up to Two Weeks
Motiva Enterprises' Port Arthur, Texas refinery, the nation's largest, may be shut as long as two weeks for assessment of the plant and repair of any damage, sourcesâŠ
Kongsberg Wins EPCI Contract for LNG-fueled RoPax Ferry Newbuild
Kongsberg Maritime said it has been awarded an Engineering, Procurement, Construction and Installation (EPCI) contract with Flensburger Schiffbau-Gesellschaft (FSG), a subsidiary of Siem Group. This is the second RoPax contract that Kongsberg Maritime has been awarded at FSG. The âFull Pictureâ contract, valued at approximately âŹ20 million ($23 million), covers engineering, procurement and project managementâŠ
KL Sandefjord Receives DNV GL's 'Shore Power' Notation
The offshore vessel KL Sandefjord owned by K Line Offshore AS, a 100 percent subsidiary of Kawasaki Kisen Kaisha, Ltd (âKâ Line), is the first offshore vessel with the DNV GL class notation âShore powerâ. The âShore powerâ notation, verifies the design and installation of a vesselâs on-board electrical shore connection. When in port, the vessel can shut down its engines and rely on a shore based electrical supply for its needs at berth â so called âcold ironingâ.
Shipping Beware Changing Risk Landscape -Moore Stephens
Effective management of risk within the industry has improved slightly over the past 12 months, according to the third annual Shipping Risk Survey from international accountant and shipping adviser Moore Stephens. But shipping still needs to up its game in terms of managing its exposure to risk, which is increasing and changing in nature, not least in terms of the threat posed by cyber security, Moore Stephens says.
ABBâs Azipod Writes History in the Arctic
Sovcomflotâs liquefied natural gas (LNG) carrier Christophe de Margerie made the worldâs first-ever crossing of the Northern Sea in late August without the aid of an ice-breaker. The record-setting vessel is powered by ABBâs advanced Azipod electric propulsion technology. The 172,600 cubic meters Arctic LNG tanker, which features a lightweight steel reinforced hull, is the largest commercial ship to receive Arc7 certification, and is capable of travelling through ice up to 2.1m thick.
ClassNK Updates Scrubbers Guidelines
Classification society ClassNK said it has released the second version of its Guidelines for Exhaust Gas Cleaning Systems. Based on the first version Guidelines released in August 2014âŠ
PBES Hires Christensen to Develop Mediterranean Markets
Plan B Energy Storage (PBES) has announced Sven Thy Christensen has joined the firm to develop marine and power markets in the Mediterranean region. Christensen brings decades of experience of green solutions for ship efficiency, emissions reduction, and power generation including diesel and gas generation, wind, and solar energy. Christensen comes from Odense Maritime Technology, where he held the position as Sales & Business Development Director.
Harvey Interrupts Asia LPG Exports from Gulf Coast
Harvey delays at least 300,000 T of U.S. LPG shipments. Shipments of liquefied petroleum gas (LPG) from the United States have been held up by the havoc wroughtâŠ
OW Bunker Investors to Sue IPO banks
Institutional investors to sue Morgan Stanley, Carnegie. A group of institutional investors in OW Bunker said they plan to sue Morgan Stanley and Carnegie for about $80 millionâŠ
Traders Scramble to Avert Regional Fuel Shortages
Mexico buys gasoline from Europe, Asia; in rare move, Europe exports diesel to Brazil. The crippling of the U.S. Gulf Coast refining hub by Tropical Storm HarveyâŠ
Bekkenes Steps Down from Palfinger President Post
Styrk Bekkenes, President of Palfinger Marine, has stepped down from his position. âWith the strengths that lie within the company, both in terms of personnel and products, Palfinger Marine is very well positioned to be the preferred supplier of cranes, lifesaving equipment and winches for vessels and installations worldwide. I feel that the time is right for me to step down and seek new challenges,â said Bekkenes.
Korean Shipyards Bag $1.5bln Newbuild Order from MSC
Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering (DSME) - two major shipyards in South Korea - are poised to sign a deal worth $1.5 billionâŠ
ZIM Continues to Outperform
âZIM Integrated Shipping Services Ltd (ZIM)continues to outperform the industry and achieve improved results, claims the company. The shipping liner industry wentâŠ
Frontline Hopes to Sail through Weak Tanker Market
Frontline Management said tanker markets are likely to remain weak for the next few quarters due to overcapacity. The market for Frontline's tankers will likely begin to improve in 2018âŠ
SCF's Balancing Act in Tanker Market
Despite the turbulent conditions seen in conventional markets, SCF Group has continued to demonstrate resilience whilst remaining able to position itself to takeâŠ
Aegean Marine, Freepoint Commodities Pact on Bunkering Sales
Aegean Marine Petroleum Network and Caribbean Bunkers LLC have signed an agreement to cooperate on bunkering sales, focused around the US Virgin Islands facility at Limetree Bay, St. Croix.
Austal Confirms Fjord Line Order for Catamaran Ferry
Austal Limited confirmed a new contract valued at 73 million Euro to design and build a 109 meter high-speed vehicle passenger ferry for Fjord Line of Norway. The all-aluminium catamaranâŠ
Panoil, Universal Energy Lose Singapore Bunker Supply Licence
The Maritime and Port Authority of Singapore (MPA) will not be renewing the bunker supplier licences of Panoil Petroleum Pte Ltd and Universal Energy Pte Ltd when they expire on 31 August 2017.
Honduras to Implement Maritime Security
A national table-top exercise on maritime security concluded in Tegucigalpa, Honduras (28-29 August). The aim of the event was to encourage a multi-agency approachâŠ
Container Equipment Leasing Rates Under Pressure
Leasing companies are tightening their stranglehold over container equipment ownership as ocean carriers cut back on new purchasing and sell older inventory for leaseback, Drewry's report said.
