HPH Trust Cautiously Optimistic on 2018
Hong Kong's Hutchison Port Holdings Trust (HPH Trust) saw its fourth-quarter earnings fall 38.4 per cent on weaker revenue and losses from associated companies.
Scorpio Bulkers Losses Narrow
Monaco-based dry bulk commodities shipping company Scorpio Bulkers reported a significantly narrowed fourth-quarter loss as it cut expenses and doubled revenue.
China Surpasses US as Largest Crude Oil Importer
China took the crown as the world’s largest crude oil importer in 2017, according to U.S. Energy Information Administration press release. China imported 8.4 million barrels per day…
Diana Extends TC with BG Shipping
Diana Shipping has announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with BG Shipping Co., Limited…
Sale of Entire Public Stake in DCIL
The Government of India has decided to sell off its entire public stake in Dredging Corporation of India (DCIL), said the Minister of State for Shipping Mansukh L Mandaviya.
Cargill Partners with Four NGOs on Shipping Sustainability
Dry bulk shipper Cargill said it is partnering with four NGOs to advance sustainability initiatives and increase accountability across the ocean shipping industry.
Implementing the 2020 Sulphur Limit
The 0.50% limit on sulphur in fuel oil on board ships (outside designated emission control areas) will come into effect on 1 January 2020. Ensuring consistent implementation…
Seaspan Charters Newly Bought Vessels to Maersk
Seaspan Corporation said it has purchased two 2006-built 2,500 TEU containerships and entered into fixed rate time charter agreements for the vessels with Maersk Line A/S.
USCG Cutter Joseph Gerczak Arrives in Hawaii
The U.S. Coast Guard’s second of three new 154-foot fast response cutters (FRC) stationed in Hawaii arrived at its homeport of Honolulu on Sunday. The new cutter, Joseph Gerczak (WPC 1126), was built by Bollinger Shipyards in Louisiana and delivered the U.S. Coast Guard on November 9, 2017 in Key West, Fla. before transiting more than 8,400 miles to Hawaii. The vessel is slated to be commissioned on March 9.
Scania: Propelling the Passenger Vessel Market
Scania advances into 2018 on the strength of prior year successes and new visibility in one of the North American marine industry’s hottest sectors. In the fourth quarter of 2017…
US Navy’s Newest Destroyer Completes Acceptance Trials
The U.S. Navy's newest next generation destroyer completed acceptance trials on February 1, marking a significant milestone for second Zumwalt-class stealth warship ahead of expected delivery in the coming months. The U.S. Navy's Board of Inspection and Survey reviewed the future USS Michael Monsoor (DDG 1001) and its crew during a series of demonstrations both pier side and underway, evaluating the ship's construction and compliance with Navy specifications.
Umoe Mandal Unveils New Crew Transfer Vessel
The new WAVECRAFT Voyager 38 X is designed to reduce transit time, improve crew and passenger comfort, safety and efficiency, expand operational envelop and reduce logistical cost, Umoe Mandal said. Voyager 38X incorporates air-cushion catamaran and Surface-Effect-Ship (SES) technologies with a motion control system that compensates for vertical wave motion to offer comfortable transit and safe access to other vessels and installations offshore.
US Coast Guard Publishes Banned Vessels List
The U.S. Coast Guard posted a list of vessels that are prohibited from entering the navigable waters of the U.S. or transferring cargo in the U.S., absent a specific determination from the U.S. Secretary of State or other limited provisional entry allowed by law. This list, which is published pursuant to the North Korea Sanction and Policy Enhancement Act of 2016 and the Ports and Waterways Safety Act (PWSA) as amended by the Countering America’s Adversaries Through Sanctions Act (CAATSA)…
Coleman Joins Elliott Bay Design Group
Eric Coleman has joined Elliott Bay Design Group's team of naval architects and engineers, bringing with him six years of marine experience. Coleman’s experience is broad, with an emphasis on preliminary and detail design work of aluminum and steel vessels. He has worked on a wide variety of commercial vessels and charter yachts up to 210 feet in length. His background includes hands-on shipyard experience…
New Ship Repair Yard Coming to Brazil
The total volume of cargo tranported by sea in Brazil from January to September 2017 was pegged at 800 million tons, according to a survey by the National Agency of Waterway Transportation (Antaq).
Caterpillar Marine’s MEO & ‘The Big Virtual Engine’
Late last year Caterpillar introduced the Multi-Engine Optimizer, or MEO. According to T.E. “Dra” Wiersema, Product Manager, Caterpillar Marine, 85 to 90 percent of the value of MEO is in fuel savings. But the story of MEO is so much more. As the maritime industry increasingly moves toward data analytics to control everything from fuel management to overhaul scheduling to route planning, there has been the requisite avalanche of new products and systems purporting to deliver incredible returns.
CMR to Supply CCTV Systems for Newbuild Semi-Submersibles
Marine automation and instrumentation specialists CMR Group said it has secured an order from industrial conglomerate Kongsberg Maritime AS for new closed-circuit television (CCTV) video surveillance systems for two new semi-submersible heavy lift, construction and accommodation vessels. The deal, which includes spare parts and maintenance support, will see the supply and installation of CCTV systems for the OOS Serooskerke and OOS Walcheren…
Sovcomflot’s New Icebreaker Named
A ceremony raising the flag of the Russian Federation and naming a new multifunctional icebreaking platform supply vessel, Yevgeny Primakov, took place on February 3, 2018 in Saint Petersburg. The vessel was built by Arctech Helsinki Shipyard, a subsidiary of the United Shipbuilding Corporation; technical supervision was carried out by the Russian Maritime Register of Shipping (RS), which assigned the vessel a high ice class – Icebreaker6.
Waterways Council to Honor Sen. McConnell
U.S. Senator and Senate Majority Leader Mitch McConnell (R-Ky.) will receive the 17th Annual Waterways Council, Inc. Leadership Service Award on Wednesday evening, February 14, 2018 at the Watergate Hotel in Washington, D.C. “Waterways Council is so fortunate to have the opportunity to honor Senator McConnell, a great waterways advocate and to thank him publicly for his commitment to America’s critical waterways infrastructure, to jobs, and to competitive access,” said Michael J.
Euronav Inks Fleet-wide VSAT Deal
Antwerp based crude oil tanker company Euronav has signed a deal with Satcom Global for its Aura Ku-Band VSAT service. With Satcom Global Aura on-board, Euronav’s fleet will benefit from a global service that provides guaranteed bandwidth via a generous Committed Information Rate (CIR). The crew will experience significantly enhanced connectivity while business critical applications are supported with ease.
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