Aker Solutions Signs Agreement with Petrobras
Norwegian oilfield services company Aker Solutions has won a contract to provide maintenance and modifications services for three platforms at Petrobras-operated oil and gas fields offshore Brazil.
Containerships, Viasea Join Forces on New Route
Shortsea vessel operators Containerships and Viasea Shipping have partnered up on a new route to Norway. This partnership will enable the two shipping companies to offer…
Piracy, Armed Robbery in Asia Drop in January: ReCAAP
A total of seven incidents of piracy and armed robbery against ships were reported in Asia - five actual incidents and two attempted incidents - in January 2018…
Western Bulk Eyes Strong Performance in 2018
Norway's dry bulk shipping company Western Bulk made a profit in 2017, due especially to a strong finish to the year. This means that the carrier is again profitable…
Hyundai Merchant Marine Forms Consortium with MSC, Hapag-Lloyd and ONE
Hyundai Merchant Marine (HMM) announced that it has established a consortium with global liners, MSC, Hapag-Lloyd, and ONE to launch joint services between Asia and west coast of South America.
India Develops 14 Economic Zones for Port-led Industrialization
For promoting port-led industrialization, 14 Coastal Economic Zones (CEZs) covering all the Maritime States and Union Territories have been identified as part of…
Aker Enters Offshore Floating Wind Market
Norwegian oil and gas specialist Aker Solutions has invested in floating wind power technology company Principle Power, with the aim to brings its offshore oil and…
Kvaerner Bags Two Contracts for Disposal of Platforms
Kvaerner has entered into an agreement with Allseas for the recycling of the topside and bridge of the 36-year-old Valhall QP platform when Allseas removes this…
Tropical Cyclone Delays Salvage Efforts in American Samoa
Efforts to salvage a grounded fishing vessel in American Samoa were put on hold Friday as an intensifying tropical cyclone moves in on the island. Hazardous weather conditions including heavy seas, winds and downpoor from Tropical Cyclone Gita have stalled plans to salvage the 88-foot fishing vessel Chu Zai Fa No. 1 that ran aground in Leone Bay about 300-yards southwest of Tutuila. The U.S. Coast…
Ships Queue as Truck Strike Slows Argentina Grain Exports
Some 93 cargo ships were waiting to load soy and corn from Argentina's main exporting hub of Rosario on Friday, more than a week into a truck owners strike, the spokesman for an industry group said. That was up from just over 60 on Thursday, said Andres Alcarez, spokesman for export company chamber CIARA-CEC. Truck owners went on strike last week in a bid to force the adoption of mandatory minimum grains hauling rates.
New Project Aims to Drive Investment in Fuel Efficient Technologies
The U.K.’s Energy Technologies Institute (ETI) has commissioned a £1.8 million ($2.5 million) project that aims to assist financiers to understand and quantify the benefits in investing in fuel efficient technologies for existing and future vessels. The Vessel Technology Assessment System (VTAS) project, which will develop a practical approach to predict the benefit of a range of carbon abatement/fuel efficiency technologies on marine vessels over real-world usage cycles…
Metal Shark Introduces New Line of Passenger Vessels
At the same time, Metal Shark also announces reduced lead times for newbuild vessels. Louisiana-based shipbuilder Metal Shark has partnered with design firm Incat…
Tech File: New Cylinder Pressure Sensor Helps Optimize Large Engines
The shipping sector is constantly striving to optimize the efficiency of large engines. This endeavor calls for new approaches and innovative products. Each percentage point of efficiency gained here has an immense impact on fuel consumption and emissions. Kistler responds to the trend toward higher cylinder pressures in engines (up to 300 bar) with its rugged, accurate and durable measurement systems.
Cummins Unveils New EPA Tier 3 Marine Generator
Cummins Inc. has expanded the power range of its U.S. Environmental Protection Agency (EPA) Tier 3 certified marine generator product line. Cummins will now feature a new Onan Marine QD series generator with a power range of 40 kWe to 65 kWe, offering customers reduced emissions with the quietest operation in the industry, according to the manufacturer. The series’ expanded power range was announced during the Miami International Boat Show…
Oil Slides toward Weekly Loss on Excess Supply Worries
Oil prices fell for a sixth day on Friday, and were on track for their biggest weekly loss in 10 months, as record-high U.S. crude output added to concerns about a sharp rise in global supplies. The drop came amid a rout in global equity markets sparked by inflation fears. Brent futures were down 81 cents at $64 a barrel by 1502 GMT. Earlier in the day, they fell as far as $63.70, the lowest since Dec. 20. U.S.
Fisherman Medevaced off New York Coast
A U.S. Coast Guard Air Station Cape Cod MH-60 Jayhawk helicopter crew medevaced a 51-year-old man, early Thursday morning from a fishing vessel approximately 45-miles south of Montauk.
Capesize Rally Boosts Baltic Index by Nearly 2%
The Baltic Exchange's main sea freight index on Friday marked its best day in over two weeks, led by stronger demand for capesize vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose for the fourth straight day and was up 19 points, or 1.72 percent at 1,125 points. The index logged its biggest one-day percentage gain since Jan. 24. The capesize index gained 128 points, or 7.7 percent, to 1,790 points.
DNV GL Boosts Investment in 3D Printing
The new center, which is supported by the Singapore Economic Development Board (EDB), will focus on developing competence including qualification, certification and training for additive manufacturing (AM), also known as 3D printing. While AM is raising more and more interest in various industries, as the benefits of speed and cost against traditional product manufacturing become apparent, the adoption level in the O&M sector is still low due to challenges in qualification and certification.
Lebanon Will Use Energy Block Disputed by Israel
Lebanese Energy Minister Cesar Abi Khalil vowed on Friday there would be full exploration in offshore energy Block 9, part of which lies in waters disputed by neighbouring Israel.
BAE Systems Jacksonville: Ship Repair's 'Destination of Choice'
From government to commercial to megayacht owners and everything in between, the BAE Systems ship repair yard in Jacksonville, Fla. is well-positioned to prosper. David M. Thomas, Jr.’s , who at the time of our interview was Vice President & General Manager, Southeast Shipyards, Ship Repair, BAE Systems*, explains. No matter where the conversation starts with David M. Thomas, Jr., it always seems to end in the same place: people.
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