Baltic Index Near Fresh 3-year High
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, touched a fresh near three-year high on Thursday, supported by firmer rates across vessel segments. The overall index — which factors in rates for capesize, panamax, supramax and handysize shipping vessels — rose 24 points, or 1.8 percent, to 1,361 points, a peak since November 2014. The capesize index gained 14 points, or 0.53 percent, to 2,642 points.
Vulkan Italia, SB Broneske Start New Cooperation
Vulkan Italia has signed a cooperation with the German company SB Broneske. Vulkan Italia is going to work as a representative for SB Broneske in the Italian market…
BWTS Manufacturer OceanSaver Bankrupt
Insufficient liquidity has led Norwegian ballast water treatment system manufacturer OceanSaver to file for bankruptcy. The company’s board of directors filed a…
Artists Pay Tribute to Historic Russian Icebreaker
In 1977 Russian nuclear icebreaker Arktika became the world's first surface ship to reach the North Pole. Now 40 years later, a depiction of the historic vessel is a main component of a graffiti style art installation in Murmansk, Russia. Arktika was in service from 1975 to 2008 under the operation of Atomflot, who said six artists, four designers and one operator contributed to the creation of the 600 square meter art piece.
Floating Offshore Wind Turbine Design Passes ABS Review
The American Bureau of Shipping (ABS) has completed the design review of the Front End Engineering and Design (FEED) documentation for the VolturnUS, a floating offshore wind turbine (FOWT), developed by the University of Maine Advanced Structures and Composites Center. “UMaine is pleased that its innovative design became the first floating wind turbine concrete semisubmersible hull to be reviewed by ABS, and found to meet the ABS requirements,” said Dr. Habib J.
Transas Survival Craft Simulator Eliminates Drill Risks
Transas has introduced a new Survival Craft Simulator (SCS) to prepare crew for the multitude of possible scenarios that can occur during lifeboat drills, aiming to address one of the most notorious sources of accidents in shipping without exposing personnel to physical danger. Effective survival craft training is essential to prepare crew for a disaster at sea but practical lifeboat drills have a troubling track record for causing fatalities.
THE Alliance Sets $50 Mln Insolvency Contingency Fund
Remarks from Federal Maritime Commissioner William P. Doyle at the FTR Transportation Conference 2017, Indianapolis, Ind. On September 13, 2017, I voted to expedite the Commission’s decision and support THE Alliance’s amendment authorizing creation of a contingency trust fund designed to protect customers’ cargo and the ocean transportation chain should one of THE Alliance’s carriers experience financial distress or an insolvency event.
Dellner Brakes Acquires Gummi USA
Swedish-based Dellner Brakes has acquired US brake and clutch company Gummi USA to consolidate its position as one of the world’s leading suppliers of brakes and related power transmission products for the industrial, and marine markets. This acquisition, the first in Dellner Brakes’ 50 year history, will enable the company to expand its product offering worldwide and also strengthen the company’s distribution in North and South America.
Parpala Joins The Switch
The Switch has recruited Ville Parpala as Director, Product Marketing, Marine Solutions, as it targets its ambition of achieving growth of 200 percent in the marine segment across the next five years. The firm, a specialist in the development and supply of advanced drive train solutions, said it will leverage Parpala’s vast experience and contact book, to push its ability to deliver enhanced efficiency, cost savings and environmental performance to the shipping industry worldwide.
Japan’s KCS Orders New Cable Lay Vessel
A keel laying ceremony held on September 7, 2017 at Colombo Dockyard PLC in Sri Lanka signaled the start of construction on a new cable lay vessel for Japanese owner Kokusai Cable Ship Co. Ltd (KCS). Vard Design secured the ship design contract with builder Colombo Dockyard for KCS’s newest vessel, a VARD 9 01 design tailor-made for installation and repair of subsea telecom cables, with a high capacity below-deck cable carousel.
Netherlands to Receive LNG from Sabine Pass Plant
The Netherlands will receive its second-ever liquefied natural gas (LNG) shipment from Cheniere Energy's Sabine Pass export facility in the United States on Oct. 6, according to shipping data.
Seadrill Files Chapter 11 Bankruptcy Protection
Seadrill Limited, one of the world’s largest offshore drilling companies, has filed for Chapter 11 bankruptcy protection at the Southern District Texas court, Reuters reported.
Peter Thomson of Fiji is UN Special Envoy For The Ocean
United Nations Secretary-General António Guterres has appointed Peter Thomson of Fiji as his Special Envoy for the Ocean, aiming at galvanizing concerted efforts…
Shipbreaking NGOs Attack FPSO North Sea Producer
16 August of last year the FPSO North Sea Producer was beached in Chittagong, Bangladesh. The ship was allowed to leave the UK based on the false promise that it…
JCG Praises MOL Vessels
Mitsui O.S.K. Lines (MOL) announced that 15 MOL-operated / managed vessels won commendations from the commanders of the 3rd and 5th Regional Coast Guard Headquarters of Japan Coast Guard (JCG).
Singapore: Dredger Sank After Colliding with Tanker, 5 Missing
The divers have recovered two bodies out of the five missing crew of JBB DE RONG 19, following the collision between Indonesian-registered tanker KARTIKA SEGARA…
We4Sea Certified for Emission Monitoring for Ships
Maritime technology start-up We4Sea has received certification from Verifavia for EU MRV (Monitoring, Reporting and Verification) emission monitoring. We4Sea developed…
JNPCT Wins “Container Terminal of the Year” Award, 2017
Jawaharlal Nehru Port Container Terminal (JNPCT) was awarded “Container Terminal of the Year” Award for the above 0.6 million TEUs category at The Gateway Awards 2017 held at Mumbai.
Oil from Sunken Tanker Spreads to Athens Riviera
Crews scrambled on Wednesday to clean up an oil spill from a sunken tanker which had spread to some of Athens's most popular beaches. The 45-year-old vessel, Agia Zoni II…
Steel Cut for Costa Cruises’ LNG Newbuild
A steel cutting ceremony was held at Meyer Turku shipyard, Finland for the first of two Costa Cruises ships to be powered by liquefied natural gas (LNG). The ship will sail in October 2019 with a sister ship following in 2021. Costa Cruises’ president, Neil Palomba, announced today that newbuild NB-1394 will be named Costa Smeralda, and added, “The two new Costa Cruises ships are a true innovation and set new standards for the entire sector.
