HHI Reports Surge in Shipbuilding Orders
South Korean shipbuilder Hyundai Heavy Industries (HHI) Group said it has won 62 new ship orders worth $3.8 billion for January-May period this year, a 500 percent increase for the comparable period last year when it received 12 ship orders worth $1 billion. In May alone, HHI Group netted 20 ships worth $1.3 billion, and the total number and value of ships HHI Group won in May can be increased to 29 ships and $1.9 billion if all the options the group has are to be exercised.
LNG Sellers, Asian Buyers Spar Over Contract Terms
A spat brewing between Qatar, the world's No.1 producer of liquefied natural gas (LNG), and its biggest customers in Japan underscores rising tensions between buyers…
Baltic Index Hits 14-Week Low
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, dropped on Thursday to its lowest level in 14 weeks on falling rates across vessel segments.
Rickmers Files for Insolvency
German shipping group Rickmers said it had filed for insolvency on Thursday, a day after it announced that its restructuring plan had failed to win approval of bondholder HSH Nordbank.
PBES Unveils Enhanced Marine Battery Systems
Plan B Energy Storage (PBES) has announced a revolutionary new solution for enhancing the lifecycle benefits of marine battery systems. ‘CellSwap’ uses a new cost…
Nordic Countries Partner for Chemical Protection Exercise
A joint oil and chemical protection exercise between the Nordic countries will involve more than 300 personnel and 30 vessels, making for one of the largest projects of its kind in European history.
HSH Nordbank Rejects Rickmers Restructure
Board of HSH Nordbank AG has surprisingly denied approval of the term sheet regarding the financial restructuring of the Rickmers Group, says a press release from the group.
Marubeni Becomes SEA\LNG Member
SEA\LNG, the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, has welcomed Japan-based…
Golar FLNG Nearing Completion
Golar'LNG says that the FLNG Hilli Episeyo conversion is nearing completion. "The conversion of Hilli Episeyo is progressing to a tight but achievable schedule," said a company statement.
Wärtsilä introduces its Eniram SkyLight 2.0
Eniram, a Wärtsilä company, has introduced a major update to its performance monitoring system targeted at commercial shipping operators. The Eniram SkyLight 2.0 adds nautical maps…
Protecting Fiji’s Marine Environment
The event raised awareness and improved technical knowledge of Particularly Sensitive Sea Areas (PSSAs) among officials and other stakeholders in Fiji who may be…
Tanker Investments Merges with Teekay Tankers
Teekay Tankers has agreed to acquire all the remaining issued and outstanding shares of Tanker Investments (TIL), in a share-for-share merger at an exchange ratio…
ABS Initiative Improves Bulker Loading Safety
ABS has introduced a new service and analysis tool that will allow atypical cargoes on bulk carriers. The software streamlines loading analysis and provides a safer…
Maritime Security in Western Indian Ocean
The key International Maritime Organization (IMO) instrument helping to repress piracy and armed robbery against ships in the Western Indian Ocean and the Gulf of…
ABB Opens 24-hour Service Center
Ship owners and operators can now contact ABB’s experts during daytime working hours, no matter when assistance is sought, after the opening of a new ABB Ability Collaborative Operations Center in Florida. The Center will remotely monitor hundreds of ships around globe and will work in conjunction with similar facilities in Asia and Europe. The Centers (formerly known as Integrated Operations Centers) monitor data sent by vessels…
ABS’ Wiernicki Delivers Stevens Commencement Speech
American Bureau of Shipping (ABS) chairman, president and CEO Christopher Wiernicki delivered the commencement speech at Stevens Institute of Technology’s 2017 undergraduate graduation ceremony, where he was also awarded an honorary doctor of engineering degree. Graduate’s family members, friends and other well-wishers gathered at the Meadowlands Expo Center in Secaucus, N.J. on May 24 for the undergraduate commencement ceremony…
Hendry Marine Acquires Anchor Sandblasting and Painting
Hendry Marine Industries, Inc. (HMI) informs it has acquired surface preparation and preservation company Anchor Sandblasting and Painting, Inc., in a move that further expands its range of services now including sandblasting, painting and other surface preparation and preservation services. The company will operate under the name Anchor Sandblasting and Coatings, LLC., and can be contacted through HMI.
DNV GL Grants AiP for Composite Tween Deck Design
A new 65k open-hatch general cargo carrier design concept jointly developed by DNV GL and Oshima Shipbuilding has been launched at Nor-Shipping. Intended for a wide range of project cargoes and packaged goods, the vessel design includes composite tween decks to maximize space utilization and save weight. This tween deck solution was also awarded an Approval in Principle (AiP) by DNV GL, presented to Sho Minami…
ClassNK Launches EU MRV Support Service
ClassNK subsidiary ClassNK Consulting Service Co., Ltd. said it has launched a support service for setting up an emissions monitoring plan (MP) in compliance with the EU monitoring…
Jawar Al Khaleej Takes Delivery of Two Vessels
Jawar Al Khaleej Shipping LLC (JAK), a provider of specialist services to the offshore oil and gas sector in the Arabian Gulf, has taken delivery of a Damen Fast Crew Supplier (FCS) 5009 and an ASD 3213 tug for operations at the Al Basra (ABOT) and Khor Al Amaya (KAAOT ) oil terminals. Between them, these facilities handle more than 90 percent of Iraq’s crude oil exports. The FCS 5009 is named the Jawar Abu Dhabi and the ASD 3213 is the Jawar Faw.
