Conrad Reports 2Q Profit of $1.4 Mln
For the quarter ended June 30, 2017, U.S. shipbuilder Conrad Industries, Inc. reported a net income of $1.4 million and earnings per diluted share of $0.27, up from…
Damen Stock Tugs Shipped to Rotterdam
Shipbuilder Damen said its latest transport of newbuild vessels has arrived in the Port of Rotterdam in the Netherlands. The multiple vessel shipment carried on board the SAL Heavy Lift vessel MV Lone comprises various Damen Tugs and one Multi Cat that have been constructed at Damen’s yards in Vietnam. Consisting of two Stan Tugs 2608, three ASD Tugs 2411, four ASD Tugs 2810, two ASD Tugs 3212 and a Multi Cat 1908…
Sakhalin II LNG Export Plant Awards 3-cargo Tender
Russia's Sakhalin II liquefied natural gas (LNG) export facility has awarded its three-cargo tender to Royal Dutch Shell, Gazprom and Mitsui, trade sources said.
Baltic Index Rallies as Larger Vessel Rates Surge
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, jumped more than 4 percent on Friday as demand for capesize and panamax vessels remained strong. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 46 points at 1,138 points, its biggest one-day percentage gain in more than five months.
Migrant Rescue Boat Goes to Aid of Anti-migrant Vessel in Mediterranean
A German humanitarian rescue ship said it was heading on Friday to the aid of a vessel run by a group of far-right activists who are at sea to disrupt the work of…
Two AIDA Ships to Participate in German Maritime Festival
For the fourth time in a row, AIDA Cruises has agreed to sponsor a ship for one of these major public attractions of one of Germany’s biggest maritime festivals. Thanks to the support of the cruise company based in Rostock, the venerable Russian vessel “Kruzenshtern” will be a guest at the 27th Hanse Sail from August 10–13, 2017. The “Kruzenshtern,” a four-masted barque, which sails under a Russian flag…
Cochin Shipyard Shares Jump After $225 mln IPO
Shares in India's Cochin Shipyard Ltd rose more than 20 percent on their trading debut on Friday after the state-run company's 14.42 billion rupees ($224.7 million) initial public offering.
Cargo Ship Runs Aground in Saint Marys River
The St. Marys River is closed to commercial vessels from the Soo Locks to 6 Mile Point, after a 629-foot U.S. cargo ship ran aground on the north side of Sugar Island, Wednesday, at about 11:40 p.m. The merchant vessel, Calumet, departed Essar Steel in Sault Ste. Marie, Ont. and was transiting downbound on the St. Marys River to its next port of call in Brevort, Mich., when it ran aground. The vessel was not carrying any cargo. There was no pollution, and no injuries have been reported. The U.S.
Arctic Thaw helps Russian Shipping
Arctic thaw aids shipping most along Russian coast; Russia to start LNG exports from Yamal in late 2017. Russian shipping in the Arctic is benefiting from winds…
Trafigura to Lift Angolan LNG Cargo
Commodity trader Trafigura purchased a liquefied natural gas (LNG) cargo offered by Angola's export facility through a tender, trade sources said. The cargo, which loaded on Aug.
Asia Tankers: VLCC Rates May Have Bottomed
About 20 MidEast VLCC still to be fixed for August. Freight rates for very large crude carriers (VLCCs) on Asian routes may have finally bottomed as owners attempt…
Ecochlor BWTS Receives USCG Type Approval
Ecochlor's patented BWTS has received USCG Type Approval. The Ecochlor BWTS uses a two-step process that includes filtration and treatment with chlorine dioxide (ClO2). It is completely effective on all aquatic invasive species regardless of water turbidity, salinity or temperature. “The Ecochlor BWTS works just as effectively as it did when first installed in a ship in 2004 without any fundamental changes," said Tom Perlich, President and Founder.
US LNG Exports to Increase: EIA
U.S. Energy Information Administration (EIA)'s latest Short-Term Energy Outlook projects that the United States will export more natural gas than it imports in 2017. The U.S.
Odfjell Drilling Signs Contract with Aker BP
Odfjell Drilling signed a contract with Aker BP ASA for Deepsea Stavanger (6th generation semi-submersible) for a period of approximately 9 months with commencement…
ICHCA Community on Global Cargo Chain Saftey
The leading NGO for the global cargo handling industry ICHCA will use its 65th anniversary conference in October to tackle risks to the cyber and physical security of the global cargo chain…
Euronav Responses to a Weaker Tanker Market
The Belgium-based crude oil tanker company Euronav has taken affirmative action in response to a weaker tanker background, said a press statement from the company.
Dship Carriers is Expanding its Fleet
dship Carriers, the multi-purpose project carrier belonging to the deugro Group, is expanding its fleet, adding three heavy-lift MPP vessels in July/August 2017…
Husky Energy Pact for Canadian Offshore Project
NC-Lavalin, Dragados Canada and Pennecon announced that their General Partnership (GP) has been awarded a construction contract from Husky Energy as part of the…
ABS Report Reveals Key Insights into BWMS
ABS published a report providing insights into how industry is progressing with ballast water management (BWM) systems. Based on input provided by owners and operators…
US Expects East Coast LNG in 4Q 2017
Dominion Energy has announced that the 750 million cubic feet per day (MMcf/d) Cove Point Liquefaction Project is in its final stages of construction, confirming…
