Global LNG Bunkering Market to Reach USD 8.19bln by 2023
Global LNG Bunkering market is expected to grow from $248.64 million in 2016 to reach $8187.35 million by 2023 with a CAGR of 64.7%. According to Stratistics MRC…
Yang Ming Implements ECO Insight
The Taiwanese carrier Yang Ming Marine Transport Corp. will roll out DNV GL’s performance management solution ECO Insight. Yang Ming operates a fleet of 98 vessels…
Aker Arctic’s Ice Lab is Back in Acton
The Finnish icebreaking season typically ends in May. Around the same time, the cooling system in Aker Arctic’s ice laboratory in Helsinki, Finland, is turned off and the model basin is allowed to warm up for the annual summer maintenance break. Aker Arctic operates its own ice model testing facility at the company’s main office in Helsinki, Finland. Using the in-house developed FGX model ice, the…
Subsea Construction Vessel Launched in Azerbaijan
The vessel was named Khankendi by the President of Azerbaijan, H.E. Ilham Aliyev, at a ceremony in Baku Shipyard and launched by the Shah Deniz consortium. Baku Shipyard LLC, a joint venture between Keppel Offshore & Marine Ltd (Keppel O&M), State Oil Company of Azerbaijan Republic (SOCAR) and Azerbaijan Investment Company (AIC), has completed a Subsea Construction Vessel (SCV) for the Caspian region.
Statoil's Bahamas Oil Terminal to Shut ahead of Irma
Norway's state-run oil company Statoil began making preparations on Thursday to shut its South Riding Point storage and transshipment terminal in the Bahamas ahead of Hurricane Irma, traders close to the facility told Reuters. South Riding Point in Grand Bahama has the capacity to store up to 6.75 million barrels of oil. A neighboring terminal in the Bahamas, Buckeye Partners' BORCO, was also expected to halt all operations on Thursday, the company said.
Bahri’s New Ro-Ro Ship Calls New Orleans
The Port of New Orleans welcomed the return of roll-on, roll-off service with the inaugural call of the Bahri Yanbu, a new state-of-the-art multipurpose vessel, in mid-August at the Nashville Avenue Terminal Complex operated by Ports America. “The return of roll-on/roll-off service to the Port of New Orleans – for the first time since 2005 – helps us meet the diverse needs of the marketplace and increases our global competitiveness,” said Brandy D.
Spence Takes over as Noise Control Engineering President
Glosten subsidiary Noise Control Engineering, LLC (NCE), a Massachusetts-based acoustical and structural engineering consultancy, said it has appointed Jesse Spence as its next president. As NCE president, Spence will have direct responsibility for organizational processes, market assessment and business development. He accepts this position after serving as NCE’s director of technology. Spence joined NCE in 2001…
In Sign of Oil Rebalancing, North Sea Floating Storage Shrinks
The volume of global price benchmark North Sea crude being held in floating storage has declined sharply since mid-August, according to shipping data and trade sources…
Baltic Index Hits Near 5-month High On Improving Vessel Rates
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, touched a near 5-month high on Thursday, driven by stronger demand across vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose 46 points to 1,296 points, a level last touched on April 13. The 3.68 percent jump was its biggest in a single day since Aug. 11.
Asian Cruise Market Growth Continues -Report
The Cruise Lines International Association, has released the findings from two new reports about the Asian Cruise market. The first, 2017 Asia Cruise Trends, is a comprehensive analysis of the cruise industry within Asia. The second, the 2016 North Asia Economic Impact Study, reveals the economic impact the cruise industry has had to the North Asian market. “While the Asian cruise market has grown…
Badal Joins BioBlend Executive Team
Len Badal has joined the senior executive team of BioBlend Renewable Resources, LLC, as the company grows its management team to help meet growing demand for environmentally friendly lubricants. Badal is a graduate of the United States Military Academy at West Point, and holds an MBA with a concentration in Finance from Rice University in Houston. Throughout his career Badal has held a number of high…
Wärtsilä Cargo Handling System for LNG Bunker Barge
Wärtsilä said it booked an order in June to supply the cargo handling system and cargo tanks for a new 3,000 cubic meter capacity liquefied natural gas (LNG) bunker barge currently under construction. The vessel, which is being built in Romania and will be outfitted in the Netherlands, will be owned by LNG Shipping, a consortium between Belgium based Victrol and CFT Corporation based in France. When delivered…
Rickmers to Continue Ship Management under New Owners
German shipping group Rickmers, which filed for insolvency in June, said on Thursday its ship management unit had the all-clear to continue business after it was bought by Bremen-based Zeaborn Group and owner Bertram Rickmers. The company said in a statement that a consortium consisting of Zeaborn and Bertram Rickmers bought the division, which has its main sites in Hamburg, Singapore and Cyprus after they won a bidding process.
Balancing Efficiency & Security as Maritime Goes Digital
Hand in hand with the digital craze in maritime is the caution of cyber attacks. We live and operate in a complex society. That society would be impossible without modern computers and other information technologies Those technologies have largely been developed piecemeal to address particular issues, and for the most part they have generally achieved their particular goals. Maximum efficiency is gained when multiple technologies are joined to coordinate their work.
Haycock to Lead Business Development at BMT
BMT Group subsidiary BMT Asset Performance has appointed Paul Haycock as Business Development Lead for Surface Systems. Haycock joins BMT after 35 years in the Royal Navy, serving on a variety of ships and in a diverse range of environments. A Warfare Officer and Lynx Helicopter Observer, Haycock’s sea time has ranged from Minesweepers on Fishery Protection duties to Frigates and Destroyers as a Bridge Watch Keeper, Ships Communications Officer, Flight Commander and Second in Command.
American Society of Civil Engineers: Not Just a Tough Grader
Within the U.S. inland waterways industry, any mention of the American Society of Civil Engineers (ASCE) will almost certainly be in reference to the “Infrastructure Report Card” that ASCE prepares and issues every four years, describing the condition and performance of America’s infrastructure in 16 categories: aviation, bridges, dams, drinking water, energy, hazardous waste, inland waterways, levees, ports, public parks, rail, roads, schools, solid waste, transit and waste water.
MacGregor Wins Contracts for Five Chinese Bulkers
MacGregor, part of Cargotec, has received an order from Yangzijiang shipyard in China to equip five 62,000 dwt open hatch bulk carriers (OHBC) with hatch covers and cranes.
Kelvin Hughes Rolls Out Its New ECDIS
Kelvin Hughes has introduced its latest Electronic Chart Display and Information System (ECDIS) designed for commercial ships as well as naval and coastguard patrol vessels. Available as a standalone ECDIS or as part of a truly multifunction bridge display network with multiple operator positions, the new ECDIS is type approved to meet the latest International Hydrographic Office (IHO) and International Maritime Organization (IMO) standards.
Irma forces Bahamas Borco Terminal to Close
Buckeye Partners LP's Bahamas terminal, also known as Borco, has been closed for vessel traffic and will shut all operations by the end of the day due to Hurricane Irma…
Bibby WaveMaster 1 Named in Rotterdam
The naming ceremony of the Bibby WaveMaster 1 took place on September 6, at the cruise terminal in the Port of Rotterdam in front of more than 125 guests from the U.K.-based Bibby Group, Damen and a range of industry partners. More than 10 members of the Bibby family attended while the Damen family was represented by Chief Commercial Officer Arnout Damen. The naming, by Lady Sponsor Jacky Blaikie…
