New Reefer Ship Makes Maiden Call to US
GT USA welcomed to the Canaveral Cargo Terminal (CCT) the M.V. Seatrade Red on its maiden call to the United States. The 607-foot M.V. Seatrade Red, a specialized reefer container vessel with a capacity of 2,259 TEUs and 674 reefer plugs, was built at China’s Yangfan Shipyard and officially launched in May 2016 as one of Seatrade Group’s four new Colour Class vessels. On November 20, Joe Cruise, commercial manager of GT USA…
Towing Vessel Inspection Bureau Acquires Marine Auditing Firm
Towing Vessel Inspection Bureau (TVIB) has acquired Quality Auditing, LC, effective December 31, 2016. According to TVIB, the purchase strengthens its three-fold…
US Set to Become Energy Exporter by 2026 -EIA
The United States is projected to become a net energy exporter over the next decade due to rising natural gas exports and falling petroleum product imports, the U.S. Energy Information Administration said on Thursday. While the United States has been a net energy importer since 1953, declining energy imports and growing exports that started over the past year will allow that trend to switch by 2026, the EIA said. In late 2015, the U.S. government lifted a decades-old ban on U.S.
VRC System Ordered for SSCV Sleipnir
Heerema Marine Contractors has chosen Emerson Automation Solutions to provide a valve remote control (VRC) system for the world’s largest semi-submersible offshore crane vessel, SSCV Sleipnir, currently under construction at Sembcorp Marine’s shipyard in Singapore. The 220-meter-long vessel is designed for the installation and removal of large offshore structures, such as oil and gas platforms, subsea production facilities, foundations, moorings, and deep water floating structures.
West African Oil Loading for Asia to Slip in January
West African crude loading for Asia is expected to slide more than 10 percent in January as some buyers opt for regional grades or cargoes in floating storage, a…
Former ST Marine President Pleads Guilty to Corruption
Chang Cheow Teck, the former President of ST Marine, has pled guilty to ‎one charge under section 157(1) of the Companies Act. Chang was sentenced to a Short Detention Order of 14 days.
All Eyes on 2020
The International Maritime Organization’s proposals to reduce sulfur levels in marine fuels to a maximum of 0.5 percent m/m (mass/mass) by 2020 may prove to be controversial, having met with various responses from major shipping organisations and other bodies. The decision to implement the proposals by 2020 was taken by IMO, the regulatory authority for international shipping, during its Marine Environment Protection Committee (MEPC 70) meeting…
CWind Provides Vessels for E.ON Offshore Maintenance
CWind, an integrated service provider in the offshore wind industry, has announced that it supplied Crew Transfer Vessels (CTVs) to assist with blade repair operations…
60,000dwt Bulker Delivered to Sea Trade Holdings
Mitsui Engineering & Shipbuilding Co., Ltd. (MES) completed and delivered a 60,000 dwt type bulk carrier M.V. STH CHIBA (MES Hull No. 1915) at its Chiba Works on January 5…
Start of 2017 Looks Rocky for Asian Tankers
Asia’s crude tanker market faces the double whammy of a flood of newbuild deliveries and a cut in OPEC production in Q1 2017. On the supply side, net capacity growth is estimated to be around 5 percent for VLCCs, 9.6 percent for Suezmaxes and 7 percent for the Aframaxes/LR2 segment in 2017. At least 50 percent of the newbuild VLCCs and Suezmaxes will be delivered in Q1, worsening the oversupply of tonnage.
San Francisco’s New Fireboat is Like No Other
San Francisco’s Jensen-designed super pumping fireboat is like none that came before her. As a result, the City by the Bay is prepared like never before, for its next crisis.
Shaw Takes the Helm at ASRY
Andrew Shaw has taken up his new position as chief executive at ASRY, ship and rig repair yard in the Arabian Gulf. Effective January 4, Shaw will lead the firm as it enters its 40th year of operation. He re-joins the company after previously holding the position of general manager of the ASRY Offshore Services division from 2009 to 2014. Shaw has more than 25 years experience in the global maritime industry. He was most recently group managing director for 2.5 years at a U.K.
Forum Delivers 350th RT Torque Machine
Forum Energy Technologies, Inc. said it has designed, manufactured, tested and delivered its 350th rotational torque (RT) torque machine to TAM International, a globally recognized downhole inflatable packer leader. The torque machine, or bucking unit as it is commonly referred, was manufactured at the Forum AMC facility in Aberdeen, U.K. This represents the sixth unit that TAM has purchased from Forum in three years…
Morandi to Head GustoMSC’s Houston Office
Dr. Alberto Morandi has been appointed to the position of General Manager of GustoMSC’s office in Houston. He will be responsible for running the office and will…
Boston Ship Repair Wins Navy Contract
Boston Ship Repair LLC, Boston, Massachusetts, is being awarded a $17,244,435 firm-fixed-price contract for a75-calendar day shipyard availability for the regular…
Eruonav: Sale and Leaseback of Four VLCCs
Euronav NV (NYSE: EURN) entered into a five-year sale and leaseback agreement for four VLCC vessels with investment vehicles advised by Wafra Capital Partners Inc., a private equity partnership.
Asia Dry Bulk-Capesize Rates Firm as Weather Delays Weigh
Brazil-China rates climb to a 15-month high; about 80 capesize, panamax ships waiting to unload around Tianjin. Freight rates for large capesize dry cargo ships…
Teekay Declares Dividend
Teekay Corporation (Teekay or the Company) (NYSE:TK) announced that its Board of Directors has declared a cash dividend on its common stock of $0.055 per share for the quarter ended December 31, 2016.
Megastar's First LNG bunkering at Skangas Pori Terminal
To be completed at the Meyer Turku shipyard in late January, Tallink’s new liquefied natural gas (LNG) powered fast ferry M/S Megastar was bunkered with LNG for…
Criminal Proceedings Against ST Marine Employee
On 12 September 2011, Singapore Technologies Engineering Ltd (ST Engineering) announced that the Corrupt Practices Investigation Bureau (CPIB) was investigating…
