Baltic Index Snaps Eight-session Losing Streak
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Tuesday to snap an eight-day losing streak, boosted by improved rates across all vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 10 points, or 1.22 percent, at 830 points. The capesize index gained 25 points, or 3.42 percent, at 755 points.
US Navy Temporarily Relieves Commander of Stricken Warship
The U.S. Navy on Tuesday said on Tuesday it has temporarily relieved, for medical reasons, the commander of a warship involved in a crash with a container vessel in Japanese waters that killed seven American sailors. The collision between the guided missile destroyer USS Fitzgerald and the Philippine-registered ACX Crystal on June 17 resulted in the greatest loss of life on a U.S. Navy vessel since the USS Cole was bombed by Islamist militants in Yemen's Aden harbour in 2000.
Virgina Offshore Wind Project Moves Forward
An offshore wind project in the U.S. mid-Atlantic is moving forward, as project owner Dominion Energy Virginia has signed an agreement and strategic partnership with DONG Energy to build two 6-megawatt turbines 27 miles off the coast of Virginia Beach. The two companies will now begin refining agreements for engineering, procurement and construction. Dominion Energy remains the sole owner of the project.
AST to Supply VSAT to 30 SEACOR Vessels
Satellite communication services and solutions provider the AST Group said it has recently won a contract with SEACOR Marine International to supply VSAT and failover…
Royal Caribbean to Install NavBox Across Entire Fleet
Royal Caribbean Cruises Ltd (RCC) has signed a deal with NAVTOR to install the NavBox navigation solution across its entire corporate fleet of 49 vessels, in a deal which spans RCC's six different operating companies. E-navigation specialist NAVTOR launched NavBox in 2013. The solution, which complements NAVTOR’s range of electronic navigational chart (ENC) based services, automatically downloads, distributes and updates all vessel navigational charts and publications…
Ports Firm YKIP Joins SEA/LNG Coalition
SEA\LNG, the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, has announced Yokohama-Kawasaki International Port Corporation (YKIP) as its latest member. Representing the Japanese ports of Yokohama and Kawasaki, YKIP brings essential knowledge from a port’s perspective to SEA\LNG, which is working collaboratively with key players across the entire LNG value chain.
Marsol Signs Two-Year OOCEP Contract
Marsol International, a UAE-based global marine solutions provider focused on the offshore oil terminal market and related infrastructure, has signed a two years contract with Oman Oil Company Exploration & Production LLC (OOCEP) for the provision and management of the marine and offshore activities related to the tanker loading, via the single point mooring (SPM) offshore marine terminal including maintenance works, vessels, equipment and manpower.
Stena Drilling Extends Inspection Contract with Sparrows
Sparrows Group has been awarded a three-and-a-half-year extension to its inspection services contract for Stena Drilling’s global fleet of drilling vessels. The contract scope includes carrying out LOLER lifting gear surveys, potential dropped objects surveys, cargo carrying unit (CCU) and non-destructive testing (NDT) inspections as well as rig specific maintenance. As well as an extension to the contract…
BOURBON to Support World's First Autonomous OSV Project
BOURBON entered into a Memorandum of Understanding (MOU) with Automated Ships Ltd to support the building of the world’s first autonomous, fully-automated prototype vessel for offshore operations, in collaboration with the project’s primary technology partner, KONGSBERG. BOURBON will provide detailed input to the development and design of the Hrönn project, ensuring flexibility, reliability and cost efficiency to operate safely and effectively in the offshore environment.
Jeremy Nixon is CEO of ONE Ocean Network
The management of the new company, Ocean Network Express Holdings (ONE) - the joint venture between three Japanese shipowning societies Kawasaki Kisen Kaisha ("K" Linens), Mitsui O.S.K.
India Unveils Reforms to Boost Cruise Tourism
In order to promote cruise tourism, the Indian government on has announced a slew of reforms to revolutionise the industry which has a high employment generation potential…
Climate Agreement for Shipping Is Now One Step Closer to Reality
After two weeks' intensive debate in the International Maritime Organization (IMO) , steps have been taken towards specific measures to reduce shipping's greenhouse gas emissions…
Huge Potential for LNG in Iberian Peninsula
With the global fuel sulphur limit of 0.5% entering into force in 2020, the interest towards LNG as a marine fuel is increasing. One of the main obstacles to the accelerated uptake of LNG…
Nimitz Carrier Strike Group Begins Malabar 2017
Sailors and Marines assigned to the Nimitz Carrier Strike Group, the Indian Navy and the Japan Maritime Self-Defense Force (JMSDF) commenced the Malabar in-port portions in Chennai, India, July 9.
Honduras Accedes to BWM Convention
The number of States signed up to International Maritime Organization (IMO)'s Ballast Water Management Convention has reached 61, with Honduras being the latest country acceding to the treaty.
OOCL is 'The Perfect Bride' -Drewry
Orient Overseas International (OOIL) and its container unit OOCL have a good track record for above-average profits in a challenging market and a reputation for being a very well-run company…
HMAS Arunta Departs the Middle East to Australia
Royal Australian Navy frigate HMAS Arunta is returning home to Australia after completing the longest Middle Eastern deployment by a Navy vessel since 1990. Arunta…
MOL Methanol Carriers Win Technology Awards
Mitsui O.S.K. Lines (MOL) announced that a series of three MOL-operated 50,000 DWT methanol carriers — the Taranaki Sun, Manchac Sun, and Cajun Sun - received the…
Two Sailors Saved in International Rescue Effort
U.S. Air Force Pararescuemen and the Amver participating Handysize tanker Nord Nightingale came to the rescue of two German sailors who abandoned their burning sailboat more than 500 miles off of Florida. On Friday, July 7, 2017, U.S. Coast Guard rescue authorities in Miami, Fla. received a 406 MHz Emergency Position Indicating Radio Beacon (EPIRB) for a 42-foot German flagged sailboat. Working with rescue authorities in Bremen…
Great Lakes Limestone Trade Slides in June
Shipments of limestone on the Great Lakes totaled 3,455,019 tons in June, a decrease of 7.3 percent compared to a year ago, the Lake Carriers’ Association (LCA) reported. June’s loadings were also 8.9 percent below the month’s five-year average. Loadings from U.S. quarries totaled 2.8 million tons, a decrease of 5.5 percent compared to a year ago, while shipments from Canadian quarries totaled 668,000 tons, a decrease of 14.3 percent, LCA said.
