Baltic Index Gains Nearly 3 Percent
The Baltic Exchange's main sea freight index rose nearly 3 percent on Wednesday to post its biggest percentage rise in three weeks as rates for all vessel segments perked up. The overall index tracking rates for ships carrying dry bulk commodities was up 35 points at 1,250 points. The Baltic index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose 2.88 percent to register its biggest one-day percentage rise since Aug. 17.
Pharos Offshore Names Warder COO
Pharos Offshore announced Andy Warder has joined the team as Chief Operations Officer with immediate effect. Warder joins Pharos with over 25 years’ experience in the offshore industry holding senior and executive management positions with a track record of successfully growing his business units and providing strong support and solutions to Clients predominantly throughout the Asia Pacific regions.
Damen Delivers Stock Workboat to ISA Towage
ISA Towage B.V. (formerly known as V.O.F. Sleepboot ISA) has taken delivery of a Shoalbuster 3209 from Damen Shipyard Hardinxveld (DSHa). The vessel was already in stock at the yard and was handed over to the client within four weeks of the order being agreed. Damen’s extensive range of Shoalbuster vessels offers some of the most versatile workboats available in the marketplace today, capable of taking on a wide variety of roles. The purchase of the 3209 by ISA Towage B.V.
MAN Cryo to Supply LNG Bunkering for Swedegas
MAN Cryo, MAN Diesel & Turbo’s marine-LNG fuel-gas-system manufacturer, has signed a contract with Swedish infrastructure company, Swedegas, to deliver an LNG bunkering facility within the Port of Gothenburg. The new facility will enable vessels to bunker LNG from trucks or containers while simultaneously loading/unloading cargo at two jetties at the port’s Energy Port, dispensing with the need to make a separate refuelling stop.
MARAD Awards $9.8 Mln to US Shipyards
Aiming to support shipbuilding modernizations that will increase productivity and allow U.S. shipyards to compete more effectively in global markets, the U.S. Department of Transportation’s Maritime Administration (MARAD) has awarded $9.8 million to 18 U.S. yards through its Small Shipyard Grant Program. “Small shipyards play a significant role in our country’s maritime sector, which contributes to our economy, security, and infrastructure,” said U.S. Transportation Secretary Elaine L. Chao.
ClassNK e-Certificate Approved for Use by Leading Flag States
Classification society ClassNK has expanded the scope of the world’s first comprehensive electronic certificate service for classification and statutory certificates…
Meyer Werft Begins LNG Cruise Ship Build for AIDA
German shipbuilder Meyer Werft has laid the keel for AIDAnova, set to become the first cruise ship worldwide that will operate both at sea and in port fueled with liquefied natural gas (LNG). With AIDAnova’s first building block lowered into place on September 6, 2017, Carnival Corporation & plc officially marked the start of construction of seven fully LNG powered cruise ships due to be commissioned between 2018 and 2022 for four of its 10 cruise ship brands.
Dockwise Bags Marine Transport Contracts Worth $50 Mln
Royal Boskalis Westminster N.V. said its wholly-owned subsidiary Dockwise has recently been awarded a number of marine transport contracts with a combined contract value of approximately $50 million.
Asian Traders Mull U.S. Crude Liftings in Harvey's Wake
Harvey closed nearly a quarter of U.S. refining capacity; helping to push WTI-Brent spread to widest in two years. Some oil traders in Asia are looking to snap up…
Guangzhou Halts Foreign Coal Imports
Port handles 60 mln tonnes/year of foreign and domestic seaborne coal. Guangzhou port, the largest coal transport hub in southern China, has halted foreign coal imports…
Irma Churns Through Caribbean, Possibly Enroute to Florida
Hurricane Irma, one of the most powerful Atlantic storms in a century, churned across northern Caribbean islands on Wednesday with a potentially catastrophic mix of fierce winds…
Cautious optimism returns to North Sea – Deloitte
Reacting to the latest Oil and Gas UK Economic Report, to be published on Wednesday 6 September, Graham Hollis, Senior Partner for Deloitte in Aberdeen, said: “A…
Korea Returns to First Place in Shipbuilding
South Korean shipbuilding industry has surpassed China in three months and reached the top of global monthly shipbuilding orders. A report in Yonhap said that South Korean shipyards recaptured the No.
HMM Confirms Contract With DSME For Five VLCCs
Hyundai Merchant Marine (HMM) announced that it has signed a formal contract with Daewoo Shipbuilding & Marine Engineering (DSME) for construction of five 300,000…
DMA Approves Tests Providers for Yachtsmen
Currently, the Danish Maritime Authority is in the process of approving test providers and issuers of certificates for yachtsmen. ​The approval is made in accordance…
NAT Wins TC Contract with BP
Nordic American Tankers Limited (NAT) has entered into a 2 year time charter (TC) with British Petroleum (BP). This follow's NAT's TC arrangements with Shell, ExxonMobil…
Dynagas LNG Posts Q2 Loss
Greece-based Dynagas LNG Partners has reported a second-quarter loss of USD 5.2 million, after reporting a profit in the same quarter a year before. "We are satisfied that the class surveys…
Eagle Bulk Completes Greenship Bulk Fleet Acquisition
Eagle Bulk Shipping, one of the world’s largest owner-operators in the Supramax/Ultramax segment, announced that it has taken delivery of the M/V Westport Eagle…
Gas to Become World's Primary Energy Source by 2035: DNV GL
Oil and gas will be crucial components of the world’s energy future, according to DNV GL’s forecast of the energy transition. While renewable energy will grow its share of the energy mix…
Drewry Warns BCOs to Adapt Their Contract Strategy
International transport and logistics executives using container shipping are facing the biggest shift in their ocean provider base for 20 years and must adapt their procurement and contract strategy…
