MacGregor Completes Rapp Marine Acquisition
MacGregor, part of Cargotec, said it has completed its EUR 16 million ($19.8 million) acquisition of Rapp Marine Group (RMG) after first announcing the deal in December 2017.
New 3D Virtual Application for K-Sim Cargo Simulator
Kongsberg Digital has launched a new 3D virtual application for its state-of-the-art K-Sim Cargo simulator. The system generates high-fidelity visualization for operational training on important areas of the cargo deck, enabling training centers equipped with K-Sim Cargo to deliver even more value to their customers while meeting the industry need to secure the safety and efficiency of cargo transfer operations.
Stena Line’s New RoPax Vessels Taking Shape
On Friday, February 2, 2018, an official keel-laying ceremony took place at the AVIC Weihai Shipyard in China, marking the start of the construction phase of the hull and the exterior parts of the vessel. The new vessels, which Stena said will be 50 percent larger than today’s standard RoPax vessels, have a planned delivery timetable during 2019 and 2020. According to Niclas Mårtensson, CEO Stena Line…
MAN, Hyundai to Develop LPG Dual-fuel Engines
MAN Diesel & Turbo said it has signed a memorandum of understanding (MoU) with Hyundai Heavy Industries Engine & Machinery Division (HHI-EMD) for the development and production of MAN B&W ME-LGIP dual-fuel engines. Upon completion, HHI-EMD will be able to deliver liquefied petroleum gas (LPG) fuelled, two-stroke-propulsion engines. With the MoU, LPG joins the list of liquid, environmentally-friendly fuels that can power MAN Diesel & Turbo’s portfolio of two-stroke…
Baltic Index Falls to Six-month Low
The Baltic Exchange's main sea freight index slipped to its lowest level in nearly six months on Monday, weighed down by falling rates in all vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, fell 13 points, or 1.19 percent, to close at 1,082 points. That was the lowest level since Aug. 9 last year. The capesize index fell 37 points, or 2.52 percent, to finish at 1,433 points - its lowest in more than six months.
Zeaborn Takes Over E.R. Schiffahrt
Hamburg entrepreneur Erck Rickmers has sold his ship management and ship brokerage activities. Effective January 1, 2018, Bremen-based Zeaborn Group acquired all shares in E.R. Schiffahrt GmbH & Cie. KG and shipbroker Harper Petersen & Co. With the takeover, Zeaborn’s shipping fleet under commercial and technical management has been expanded by 61 container vessels and 20 bulk carriers to more than 165 vessels.
Oil Tanker with 22 Crew Missing in Gulf of Guinea
A ship carrying 22 Indian crew and 13,500 tons of gasoline is missing in the Gulf of Guinea after contact was lost in Benin on Friday, the company and India's minister…
Kirby To Buy Higman Marine
Kirby Corporation announced the signing of a definitive agreement to acquire Higman Marine, Inc. and its affiliated companies (“Higman”), for approximately $419 million in cash…
Remotely Operated Fireboat Under Development
Robert Allan Ltd. and Kongsberg Maritime announced a collaboration to develop a new remotely-operated fireboat that will allow first responders to attack dangerous port fires more aggressively and safer than ever before. The un-crewed RALamander fireboat will offer in-close firefighting and ‘eye in the fire’ capability that keeps marine firefighting professionals out of harm's way. Fires involving containers…
Next-wave LNG Terminals get Smaller, More Flexible
The liquefied natural gas market is growing every year, but the terminals that ship and receive the fuel are shrinking. The booming sector's next-generation infrastructure…
SSY Atlantic Capesize Index Gain by 487 points
Shipbrokers Simpson, Spence and Young's Atlantic Capesize Index gain by 487 points in the week ending Monday to 6,338. "The SSY Atlantic Capesize Index softened…
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