What's next from Maritime Reporter TV?
Jim McCaul, founder of International Maritime Associates, sat with Maritime Reporter TV's Greg Trauthwein in Washington, D.C. to discuss key market trends affecting the global energy and maritime sectors. With inimitable insight, McCaul offers a candid look into the state of U.S. shipbuilding, the condition of the floating production industry, potential for an energy sector rebound, and the incoming Trump administration.
Parrott Takes over as CEO of Foss Maritime
John Parrott assumed the role of President and CEO of Foss Maritime on January 1, 2017, after completing a four-month transition announced last July. Parrott joined Foss in January 2016 as Chief Operating Officer; in August 2016 he assumed the role of President from retiring President and CEO Paul Stevens. Parrott completed a "listening tour" in early 2016, which included visiting Foss employees at work throughout the company.
Ferus Smit Launches Arklow Castle
Shipbuilder Ferus Smit said it has launched M.V. Arklow Castle at its Westerbroek yard in the Netherlands. Arklow Castle (Nb. 426) is the third cargo vessel in a series of 10 that will be delivered to Irish owner Arklow Shipping. With a maximized hold volume of 220,000 cft and a carrying capacity over 5,000 deadweight tons, it still falls under the 3,000 gross tons limit. Arklow Castle has one single hold and an 1A iceclass notation.
Australia, Japan Enact Rules for Shipping Liquid Hydrogen
Australia and Japan signed a memorandum at the headquarters of the Australian Maritime Safety Authority (AMSA) in Canberra which will allow liquid hydrogen to be shipped in bulk for the first time.
China Adds More Ports to Its Low Sulphur ECAs
China has expanded its Emission Control Area (ECA) regulations to include ships berthing at six additional ports, bringing the total number of key ports in the country’s ECA to 11. With the new rules, effective from January 1, 2017, China is now requiring ships to burn bunker fuel with a maximum sulphur content of 0.5 percent when berthing at six additional key ports: Guangzhou, Huanghua, Qinhuangdao…
Panama Certifies Japanese Scrubber System
For almost a year Kawasaki Kisen Kaisha, Ltd. ("K" Line), Mitsubishi Heavy Industries, Ltd. (MHI) and Mitsubishi Kakoki Kaisha, Ltd. (MKK) have been performing tests aboard an operational ship of a newly-developed "Hybrid SOx Scrubber System" for removing sulfur oxides (SOx) from the exhaust gas emitted by marine diesel engines. The testing results have now verified that the system's effectiveness in curbing emissions of air pollutants complies with international regulations…
China Pledges Support for Domestic Shipbuilders
China aims to capture up to 40 percent of the global high-end marine equipment market over the years through 2020 while reforming and supporting its money-losing shipbuilding industry…
COSCO Secures Finance Pledge from CDB
COSCO Shipping Corporation said policy lender China Development Bank has pledged to provide it with 180 billion yuan ($26 billion) in financing in the years through…
Asia Dry Bulk-Capesize Rates to Slip; Low Demand, Overcapacity Weigh
Despite lower rates, rental prices doubled from last year; capesize vessels totalling 15 million DWT to be delivered this year - broker. Freight rates for large…
EverTUFF CTS CPVC Hot & Cold Water Distribution System
Spears Manufacturing Company awarded U.S. The Spears EverTUFF CTS CPVC Hot & Cold Water Distribution System is now U.S. Coast Guard approved for use in marine applications. The EverTUFF system combines the durable lightweight and corrosion resistant properties of CPVC with the traditional flow properties of copper tube size (CTS) pipe in a complete system rated to 100psi at 180° F. The EverTUFF CPVC…
N.Korean Ship Sinks off Japan, Crew Rescued
A North Korean cargo vessel carrying rice sank off the west coast of Japan's westernmost major island of Kyushu on Thursday after springing a leak, but all 26 crew…
Insurance Gaps Leave Shipping Exposed to Cyber Attacks
Ships exposed through GPS systems, have limited back-up; cyber insurance typically doesn't cover jamming, property damage. Shipping companies grappling with the…
Briggs Marine Turnover up 6%
Briggs Marine & Environmental Services has published its new accounts for the year ending March 2016 at Companies House, which show an annual increase in turnover to £66m.
Cyberhawk's Key role in UK Drone Guidelines Development
Cyberhawk Innovations, the world leader in aerial inspection and survey using Unmanned Aerial Systems (UAS), otherwise known as drones, has welcomed Oil & Gas UK’s…
General Offer By FINCANTIERI O&G For VARD Shares
FINCANTIERI S.p.A. announces that in relation to the voluntary conditional general offer ("Offer") announced on November 13, 2016 by its subsidiary Fincantieri Oil & Gas S.p.A.
DP World Reaffirms Commitment to India's Growth
DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem met with the Honourable Prime Minister of India Shri. Narendra Modi at the 8th edition of the Vibrant Gujarat Global Summit held in Ahmedabad…
Nod for ACO Marine Sewage Treatment Units for use on Great Lakes
ACO Marine has received Transport Canada type-approval for its advanced Maripur NF and Clarimar MF wastewater management systems. “We are delighted to have received approval from Transport Canada.
Los Angeles Port sets Highest Western Hemisphere record
Cargo volumes at the Port of Los Angeles reached 8,856,782 Twenty-Foot Equivalent Units in 2016, marking the busiest year ever for a Western Hemisphere Port. The previous record was set in 2006…
DRAGFLOW Bags Four Contracts for Custom Dredgers
The last quarter of the 2016 has been a busy time for DRAGFLOW technical and manufacturing teams as we received four important orders for custom-made dredgers. In the first place.
Virginia Port Hits Record Volume at 65 mi TEUs
The Port of Virginia set a new annual record for container cargo volume having handled more than 2.65 million twenty-foot equivalent units, or TEUs, a 4.2 percent increase over last year’s total.
