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 wrought…
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 million…
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 Harvey…
Bekkenes Steps Down from Palfinger President Post
Styrk Bekkenes, President of Palfinger Marine, has stepped down from his position. “With 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,” 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 billion…
ZIM Continues to Outperform
​ZIM Integrated Shipping Services Ltd (ZIM)continues to outperform the industry and achieve improved results, claims the company. The shipping liner industry went…
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 2018…
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 take…
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 catamaran…
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 approach…
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.
Cammell Laird Employee Celebrates 60 Years in Ship Repair
Jim Clark, a senior manager at Cammell Laird, has clocking 60 years in the ship repair industry, making him one of the U.K.’s longest serving Chief Estimators. The 76-year-old chief estimator has delivering more than 11,000 over the course of his career, having worked with maritime brands from Blue Star Line to his current role at Cammell Laird. Since his first job in 1962 he has delivered estimates for ship repair projects worth circa £100 billion ($129.2 billion) in today’s currency.
Europe Gasoline Exports Set to Surge on Harvey Outages
Gasoline exports from Europe across the Atlantic are set to surge in coming days as traders plug supply gaps after Tropical Storm Harvey crippled refineries in the U.S. Gulf Coast. Many of the shipments are expected to end up in Latin America, which has become increasingly reliant on gasoline and diesel supplies from the U.S. Gulf Coast in recent years amid fast-growing demand in emerging economies such as Mexico and Brazil, traders said. Nearly a quarter of U.S.
Bahri Ship Management Complies with EU MRV
Bahri Ship Management, one of the six business units within transportation and logistics company Bahri, said it is in compliance with the submission of EU MRV (Monitoring…
IoT & Changing Connectivity at Sea
Whether it’s autonomous cars or connected houses, it seems like everywhere you look these days, internet of things (IoT) technology is a focus. Even in the conservative maritime world, IoT is currently a hot topic. Shifting supply chain solutions and business models are fundamentally changing the way that commercial shipping and the wider transport sector operates. IoT enables an organization to capture value from information…
Trends in Heavy Lift Solutions
Advances and developments in heavy lift transportation are allowing shipyards to rethink how, and where, they build and maintain vessels. Utilizing this technology can help a yard expand its order book and improve its bottom line. The use of Self-Propelled Modular Transporters (SPMTs) in shipyards enables a facility to expand its operations in numerous ways, including new building, maintenance and repair or storage.
Vestdavit Opens US Office
Facing “sustained positive trend in North American business levels” Bergen-based supplier of davits and other boat launching equipment Vestdavit said it is opening an office in Seattle. According to the company, direct representation will help it build on its existing strong regional reputation. Its davits are already widely used by the U.S. Navy, the U.S. Coast Guard, the National Oceanic and Atmospheric Administration (NOAA), and in the offshore oil industry among others.
