Scorpio to Sell Two MR Product Tankers
Scorpio Tankers, provider of marine transportation of petroleum products, announced that it has reached an agreement with an unrelated third party to sell two of…
Bugbee Buys More Scorpio Bulkers Shares
Dry bulk vessel owner and operator Scorpio Bulkers Inc. said its president Robert Bugbee has purchased 15,000 common shares of the company at an average price of $6.29 per share in the open market.
Harris Joins J.F. Lehman Operating Executive Board
Frederick J. Harris, recently retired president of General Dynamics NASSCO and Bath Iron Works shipyards, has joined the operating executive board (OEB) of private equity firm J.F. Lehman & Company. The OEB is a group of industry and government executives with significant experience in the firm’s target industries. Through key relationships and sector-specific knowledge, OEB members contribute to sourcing and evaluating transactions…
Stena Line Says Sustainability Goals Paying Off
“Our belief is that a reduced environmental impact is also essential for long-term profitability,” said Stena Line's CEO, Niclas Mårtensson. Stena Line, a ferry operator serving Denmark, Germany, Ireland, Latvia, the Netherlands, Norway, Poland, Sweden and the U.K., said its increased strategic focus on sustainability and environmental improvements over recent years is paying off. Through the years Stena Line’s experience in investing in energy efficiency transport has been extensive.
EALs Rise Up on Deck
The next critical area of consideration for the use of Environmentally Acceptable Lubricants is on deck. What’s leaking into the water from your cranes and winches? Vessel fleets face an increasing number of environmentally-focused regulations, adding complexity to their operations and creating urgency around compliance. These regulatory requirements, however, do not offset an operator’s need for products that perform consistently well.
Fairbanks Morse's Diesel Gensets for US Navy’s New Warship
Fairbanks Morse, an EnPro Industries company, will supply the Ship Service Diesel Generator (SSDG) sets for electric power generation system aboard the U.S. Navy’s…
Vestdavit Brings New Davit Lifting Force to Market
Vestdavit has completed its largest ever single-point A-frame davit for over the side boat handling, rising to the continuing challenge set by customers to be able to launch and retrieve ever larger workboats from their ships. The first PAP-16000 davit, which features a safe working load of 16t, will be installed on board a service operation vessel destined for a specialized segment in the offshore industry for an unspecified owner.
ABB Shaft Generators, Turbochargers for DFDS Vessels
ABB shaft generators will raise the energy efficiency on two DFDS vessels which have been designed to meet the latest environmental regulations. Two shaft generators will be installed in each of the cargo Ro-Ro ships allowing the main engines to operate at a wider, more optimal speed range. The shaft generator system takes its power from main engines, thereby increasing safety if there is a failure on the auxiliary engine.
Baltic Index Halts 13-session Losing Streak
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, edged up on Monday to snap a 13-session losing streak, supported by firmer demand for capesize vessels. The overall index — which considers rates for capesize, panamax, supramax and handysize shipping vessels — was up 7 points or 0.7 percent, to 1,001 points. The capesize index rose 91 points, or 6.15 percent, the biggest one-day percentage gain since mid-March, to 1,571 points. "...
Petronas Targets New Markets for LNG
Malaysian oil company Petronas is looking to tap new markets to sell liquefied natural gas, including as fuel for ships, the head of its upstream operations told Reuters on Monday. State-owned Petroliam Nasional Berhad, known as Petronas, also sees significant growth potential for LNG in India, Pakistan, Bangladesh and some parts of Southeast Asia, its upstream CEO Mohd Anuar Taib said. "The key for us in the LNG business is to figure out a way to broaden and expand the customer base…
Mark Fuhrmann's Paddle for 'Piece'
Mark Fuhrmann is Partner in Blue-C, an Oslo-based strategic marketing and communications firm that is a ubiquitous presence in the world of maritime. Fuhrmann recently embarked on a 5,400 km solo kayak paddle from Oslo to Athens to raise money and awareness for “The Piece Prize” a charity he created, which, for lack of a better description, is aiming on making the world a better place. Tell us a bit about yourself. Well, that’s a long story.
Hempel: New Coatings for Offshore Structures
Hempel has launched two new advanced coatings specifically developed to protect the vulnerable “splash zone” areas of offshore structures. The “splash zone” is the area of an offshore asset (oil & gas platform or wind turbine, for example) that is just above the waterline and so suffers from the dual impact of atmospheric and immersion-type corrosion; as well as physical damage such as abrasion and impact, especially in areas around boat landings.
Scottish-led Group Wins Maritime Safety Award
The Project SEAHORSE consortium, led by the University of Strathclyde, brought together experts from across the maritime world to research and implement safety considerations pioneered by the aviation industry – the first project of its kind in the world. It has been recognized with the Maritime Safety Award from the Royal Institution of Naval Architects in association with Lloyd’s Register. Headed up by Professor Osman Turan from the University of Strathclyde’s Department of Naval Architecture…
Saqr Port Orders Damen ASD Tug
Saqr Port, part of Rash Al Khaimah (RAK) Ports, has signed a contract with the Damen Shipyards Group for the delivery of an ASD 2913 tug. The vessel will be built a short distance away at Albwardy Damen in Sharjah and will be delivered in time for the opening of the new bulk terminal at Saqr Port in mid-2018. Saqr Port is a major bulk-handing port in the Middle East and a vital part of the regional economy.
Wärtsilä Invests in Turbocharger Services
Wärtsilä said it has invested to expand its offering and global service workshop footprint in turbocharger services. Wärtsilä has more than 20 service workshops globally equipped with full capability to service turbochargers, and with its recent investment the company is able to offer turbocharger services coupled with engine knowhow in flexible cooperation with other Wärtsilä service centers. Customers…
Former MSC Contractor Charged with Bribery, Fraud
A former contractor at the Military Sealift Command (MSC) was indicted for his role in a bribery and fraud conspiracy from approximately 1999 to 2014, in which he…
AkzoNobel Launches Marine Coatings App
AkzoNobel customers now have access to marine coatings data anytime, anywhere with the launch of AkzoNobel Marine Coatings’ International mobile app. The app provides customers with increased convenience and flexibility in accessing the company’s wealth of coatings data. It has been specially designed to provide access to application guides, technical datasheets, product brochures, information cards and regional contacts, as well as social media and blog posts.
MAN Diesel & Turbo, MES Grow Partnership
A new cooperation agreement will intensify existing joint business activities between longstanding partners MAN Diesel & Turbo and Mitsui Engineering & Shipbuilding Co., Ltd. (MES).
Kvaerner Lifts 2017 Forecast
Kvaerner, the Norwegian builder of oil platforms, lifted its 2017 outlook on Monday as a slump in the oil sector eased with a year-on-year lift in crude prices.
US Navy 'Freedom of Navigation' Patrols to Continue as Before
There has been no policy change with regard to U.S. Navy freedom of navigation operations under the administration of President Donald Trump, U.S. Pacific Fleet…
