Port of Hamburg handles 104 MT Cargo in 9 Months
Comprising the general and bulk cargo segments, seaborne cargo handling in Hamburg during the first nine months at 104.3 million tons was at a stable level. At 6.8…
OOCL Introduces China Pakistan Express 3
Following its announcement of the China Pakistan Express 2 (CPX2) last week, Orient Overseas Container Line Limited (OOCL) is all set to introduce the China Pakistan Express 3 (CPX3)…
Offshore Oil Service Firms Dominate Energy Bankruptcies
Offshore oil drilling and service companies, hurt by the energy industry's shift to lower-cost shale and away from deepwater projects, are dominating the year's energy bankruptcies in North America, according to law firm Haynes and Boone. There were fewer oilfield service companies seeking protection this year than last but those that did have had larger debts. Through October, 44 oilfield services companies filed for bankruptcy in the United States and Canada owing creditors $24.8 billion…
Teekay LNG Partners Launches New Multigas Pool
Teekay LNG Partners L.P. launched a new in-house commercial management for ethylene-capable liquefied petroleum gas (LPG) and small-scale liquefied natural gas (LNG) vessels.
STX France Hosts Double Event for MSC Newbuilds
Shipbuilder STX France hosted a coin ceremony for MSC Bellissima as well as the cutting of first steel for the MSC Cruises’ first Meraviglia-Plus class ship, representing construction milestones for two of the cruise line’s four new ships simultaneously under construction. The other two vessels, MSC Seaside and MSC Seaview, are currently being built at Fincantieri in Italy. The MSC Cruises newbuilds are part of the company’s 10-year…
Inside the World's First LNG Containership Conversion
The world’s first container feeder vessel refit to use natural gas was commissioned in late August in Bremerhaven, ushering in a new era in the use of alternative fuels across the global maritime sector. The container vessel Wes Amelie, owned by Wessels Reederei, Haren/Ems, was converted for the use of methane as a standard fuel at the German Dry Docks Shipyard in Bremerhaven, making it the world’s first of its kind vessel which consumes environmentally friendly methane.
The Digital Voyage: 'Onboarding' Shipping to the Digital Age
At Nor-Shipping this year, Akzonobel announced the official launch of its ‘Digital Voyage’ strategy. This program builds on the foundations laid two years ago when the firm launched Intertrac Vision, the industry’s first Big Data tool for predicting coating performance. The Digital Voyage outlines the goal of putting a wealth of knowledge in the hands of ship owners and operators, and helping them make smarter, more economical and environmentally friendly decisions.
Catching a Jones Act Seaman’s 'Golden Parachute'
A challenging offshore environment produces a different but equally difficult development. Will you be ready when it comes to your fleet? Unfortunately, our industry continues to suffer due to the depressed oil prices that started in 2014. When the price of oil initially dropped, the industry’s outlook remained positive, and I remember hearing the mantra: “Stay lean for 2015.” Everyone thought that oil prices would rebound in short order and that we were only weathering a short downturn.
Pakistan LNG Import Project Consortium Folds -Hoegh LNG
A consortium behind a liquefied natural gas (LNG) import project in Pakistan, including oil giant Exxon Mobil, France's Total and Qatar Petroleum, has been dissolved…
US to Become Oil and Gas World Leader in Long Term - IEA
The head of the International Energy Agency Fatih Birol said on Thursday the United States would - in the long term - become the "undisputed leader of oil and gas production worldwide". Speaking at the U.N. climate conference in Bonn, Germany, he said the agency expected oil markets to rebalance next year if oil demand remained "more or less" as robust as it is today and if OPEC and non-OPEC continued with their oil production cuts. (Reporting by Ahmad Ghaddar; Editing by Mark Potter)
73 Foss Maritime Vessels Earn Environmental Awards
With a combined 877 years without an incident, 73 Foss Maritime and subsidiary companies’ tugs and tank barges have been recognized by The Chamber of Shipping of America (CSA) for their environmental records. CSA announced the 2017 Environmental Achievement Awards on Nov. 8, 2017, in Washington, D.C. Foss and its sister companies have 39 vessels with 10 or more years without an environmental incident, with 11 of those vessels achieving 20+ years of environmental excellence.
K-Line Adds 311,000 DWT-Type VLCC “Kisogawa”
Japan’s shipping major Kawasaki Kisen Kaisha (K-Line) has expanded its fleet as it took delivery of the 311,000 dwt very large crude carrier (VLCC) Kisogawa on November 15.
Offshore Pipeline Standard Update by DNV GL
The most used and recognized offshore pipeline standard in the world has been updated to reflect the latest pipeline research and developments by DNV GL, the quality…
S&P Upgrades MOL‘s Long-term Credit Rating to BBB-
MOL Plc. has been upgraded to BBB- investment grade long-term credit and issuer rating with stable outlook by Standard and Poor’s (S&P). S&P concluded that the upgrade…
Ships 'Unseaworthy' If They Don't Meet Emissions Rules -IMO
Ships which do not meet cuts to the amount of sulphur they can burn in their engines risk being declared "unseaworthy", the International Maritime Organization (IMO) said on Thursday.
US Navy Accepts Delivery of Future USS Ralph Johnson
The Navy accepted delivery of future guided-missile destroyer USS Ralph Johnson (DDG 114) from shipbuilder Huntington Ingalls Industries (HII) Nov. 15. In early September…
UK Chamber CEO Hails Shipping's Role in Globalisation
Capitalism, globalisation and international collaboration spread prosperity and growth - and shipping has a vital role to play in this process, Guy Platten, CEO…
Worldwide Implementation of Maritime Search and Rescue
International search and rescue plans are crucial, so that, no matter where an accident occurs, the rescue of persons in distress at sea can be coordinated successfully.
Huon’s Tassie Homecoming
HMAS Huon capped off a South West Pacific deployment recently with the final of six port visits to Hobart, Tasmania, and her nearby namesake city of Huonville. Having…
APM Terminals Poti Upgrades Tugboat Services
APM Terminals Poti has added two Azimuth Stern-Drive (ASD) tugboats from the Maersk Transport & Logistics sister brand Svitzer, to significantly improve harsh weather…