Connectivity for Brown Water Operations
Growing options emerge for ever-increasing data and Comms demand. In the United States alone, 625 million tons of cargo is transported along the more than 12,000 miles of commercially navigable waterways each year, moving vital commodities to and from 38 of the nation’s 50 states. The advent of subchapter M has raised the bar significantly for as many as 5,000 inland vessels, both in terms of safety and the need to document and more closely control this tonnage.
Frontline Calls for Consolidation among Oil Tanker Firms
The global market for crude oil tankers remains too fragmented and needs consolidation among owners, one of the industry's leading companies said on Wednesday. Oslo-listed Frontline, the oil shipping arm of billionaire investor John Fredriksen, also said the market for crude carriers is expected to remain weak until the second half of 2018. "The tanker market is highly fragmented with many owners who have one or two vessels…
Saudi-led Coalition to Reopen Hodeidah Port
The Saudi-led military coalition fighting against the Houthi movement in Yemen said on Wednesday it would allow aid access through the port of Hodeidah and United Nations flights to Sanaa airport.
Iconic USS Ranger Dismantled
A two-year project to dismantle and recycle the decommissioned U.S. Navy vessel USS Ranger (CV-61) has recently concluded. Ordered in 1954 and commissioned in 1957, the Ranger was the first U.S. carrier vessel built as an angled-deck ship from inception. She served in the Pacific, the Indian Ocean and the Persian Gulf, and earned 13 battle stars for her service in the Vietnam War. During her 37 years of service…
Inmarsat Opens New Norwegian Office
Satellite communications company Inmarsat has opened a new office at the Norwegian Maritime Competence Center (NMCC) based in Ålesund, Norway, to continue to drive the digitalization of the shipping industry. The opening of the facility in the heart of Norway’s leading edge maritime community, signals Inmarsat’s intention to intensify work with third party innovators and digital disrupters to exploit high-speed broadband via Fleet Xpress through its Certified Applications Provider (CAP) program…
Frontline Posts Q3 Loss as Tanker Rates Hit 4-year Low
Frontline q3 net loss $‍24.1​ million. The current crude oil tanker rate environment does not presently reflect that strong demand. Shares down 4.8 pct at 0840 GMT…
Cosco Energy Transportation to Buy New Tankers
Cosco Energy Transportation has entered into the Agreements with Dalian Shipbuilding Industry Company Limited for the construction of the Very Large Crude Carriers (VLCCs) and the Suezmaxs.
Gazprom, Shell Discuss LNG Projects
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Maarten Wetselaar, Member of the Executive Committee of Royal Dutch Shell, took place in St. Petersburg.
Hapag-Lloyd Adds Low Carbon Refrigerant Containers from Maersk
To maintain and expand its container fleet, Hapag-Lloyd, a global container line, has purchased 3,700 Star Cool Integrated containers as part of their recent reefer…
Diana Shipping Reports 3Q Loss of $24.5 Mln
Greece-based Diana Shipping inc. on Tuesday reported a loss of $24.5 million in its third quarter of of 2017. Its net loss attributed to common stockholders was $25.9 million.
Navios Holdings Now Controls a Fleet of 64
Navios Holdings controls a fleet of 64 operating vessels totaling 6.6 million dwt, of which 38 are owned and 26 are chartered-in under long-term charters. The fleet consists of 21 Capesize…
LNG Market Outlook by Flex LNG
The LNG shipping market tightened throughout the third quarter, and rates increased sharply in October following gradual increases since May. This was due in part…
France to Boost LNG Usage in Shipping
France will modify regulations on the natural gas to allow liquefied natural gas (LNG) bunkering to take place at ports, Reuters reported quoting Prime Minister Edouard Philippe.
CMA CGM Adds 4 Vessels Under French Flag
CMA CGM has announced four additional ships under the French flag. The first among these will be a 20,600 TEU containership which will be named as CMA CGM Antoine de Saint Exupery.
Summit Signs Floating LNG Facility Contract
Summit LNG Terminal, a subsidiary of Summit Power International, signed a USD 100 Million turnkey contract with marine work contractor consortium comprising of Geocean SAS and MacGregor for design…
Talos, Stone Energy Plan $2.5 Bln Merger
Talos Energy LLC and Stone Energy Corp, two U.S. exploration and production companies focused on the Gulf of Mexico, announced on Tuesday plans to merge and create…
Philly Shipyard Completes Tanker Series for APT
Philly Shipyard, Inc. (PSI) has delivered American Pride, the final vessel in a series of four 50,000 dwt product tanker newbuilds for American Petroleum Tankers (APT)…
New Patrol Boat Delivered in Minnesota
Lake Assault Boats said it has delivered a 28-foot rescue vessel to the Hennepin County Sheriff’s Water Patrol Unit located in Minneapolis, Minn. Purchased from the General Services Administration (GSA) Schedule, the vessel will assist in rescue and recovery operations along the Mississippi River. The vessel is powered by a pair of Mercury Verado 300 hp engines with digital throttle, shift and power steering, as well as the Mercury Joystick Piloting and Skyhook Digital Anchoring systems.
Maritime Technologies Incubator Launched in New York
The newly formed Maritime Global Technologies Innovation Center (MGTIC) is a collaborative incubator hosted at SUNY Maritime College that sets out to foster technology developments in the maritime space through entrepreneurial innovations. “Shipping interests exist in an increasingly complex environment and are impacted by new problems every day. At the same time, entrepreneurs and researchers seek to remedy these problems,” said MGTIC co-founder Dr.
INEOS to Ship US Ethane to China in 2019
U.K. chemicals firm INEOS said it has entered a long-term supply agreement with Singapore-based SP Chemicals to ship ethane from U.S. shale gas to China for the first time starting in 2019. “This is another world first for INEOS after importing shale gas to Europe in 2015,” said David Thompson, CEO of INEOS Trading and Shipping. “By bringing in U.S. The deal involves the construction of a 95,000cbm capacity Very Large Ethane Carrier (VLEC)…
