P&I Clubs Strong But Pricing Under Pressure
Balance sheets of clubs operating in the marine protection and indemnity (P&I) sector are generally strong, bolstered by several years of positive earnings but underwriting…
Global Seaborne LPG Volumes Grow: Epic Gas
Global seaborne LPG volumes saw continued growth in 2017 reaching 91.9 million tonnes, 4.3% higher than the 88.1 million tonnes shipped in 2016, says Epic Gas. Epic…
Scorpio Tankers Reports 4Q Loss
Monaco-based tanker owner Scorpio Tankers has reported a widened net loss for the fourth quarter of 2017, reaching USD 41.5 million, when compared to the same quarter…
Depressed Outlook in Chemical Shipping Market: Drewry
Chemical shipping freight rates will weaken through 2018 due to the depressed outlook on overtonnaged long haul routes, according to the latest edition of the Chemical Forecaster…
TEN Gets Charter Extension for Seven Panamaxes
Greece-based Tsakos Energy Navigation (TEN) has announced the charter extension for seven panamax tankers, for an average of 24 months, to a state oil concern. The…
Safe Bulkers 4Q Net Revenues Up by 34%
Safe Bulkers reported fourth-quarter of 2017 revenues of $2.9 million $42.4 million increased by 34% from $31.7 million during the same period in 2016. Net loss…
UN Environment Visits IMO
​When it comes to ocean protection and delivering on the Sustainable Development Goals, International Maritime Organization (IMO) and UN Environment share a great deal of common ground.
Port of Los Angeles Moves 808,728 TEUs in January
Last month was the second busiest in the Port's history. The Port of Los Angeles handled 808,728 Twenty-Foot Equivalent Units (TEUs) in January 2018, the second…
Blount Boats Signs Ferry Contract
Anyone plying the Great South Bay between the shores of Long Island and Fire Island know that the fleet of Fire Island Ferries is a ubiquitous site, shuttling people, pets and supplies from the mainland to the barrier island oasis just five miles away. The scene is a familiar one, too, for Rhode Island boat builder Blount Boats, which has built quite a few of these ferries, and announced today the contact with Fire Island Ferries to build a new 85-ft.
New Condition & Performance Monitoring Application for Maritime
Arundo Analytics, a software company enabling advanced analytics in heavy industry, announced yesterday the Arundo Condition & Performance Monitoring application (CPM) for industrial equipment. Arundo CPM is a configurable machine learning application built and delivered via the Arundo Enterprise platform. Arundo’s CPM software greatly enhances the ability of marine vessel owners, operators, and equipment vendors to increase revenue…
Luxury Cruise Ships & The French Connection
Edie Rodriguez, the Americas Brand Chairman for PONANT Yacht Cruises and Expeditions, has spent a life and built a career centered on travel, cruise and branding in a most luxurious manner. She was a natural to discuss the booming luxury expedition sector, the next big frontier in the global cruise industry. It is natural, in the U.S., to pronounce PONANT as “po nant,” but the French have a different style and the company name is pronounced “po non…
Two Littoral Combat Ships Named
The U.S. Navy’s next two Littoral Combat Ships will be named USS Nantucket (LCS 27) and USS Savannah (LCS 28), announced Secretary of the Navy Richard V. Spencer. The future USS Nantucket (LCS 27), a Freedom-variant Littoral Combat Ship to be built by Fincantieri Marinette Marine in Marinette, Wis., will be the third commissioned U.S. Navy ship to honor the maritime history of Nantucket. The future USS Savannah (LCS 28)…
North Sea Crude-Forties Slips to Lowest Since mid-2017
North Sea Forties crude differentials weakened on Wednesday to the lowest since mid-2017. Gunvor sold a cargo from floating storage. Such sales are often seen as…
Telford Offshore: A New Offshore Services Provider
There’s a new name in the global oil and gas industry: Telford Offshore, which officially launched today after acquiring four vessels from Sea Trucks Group following its liquidation. The newly formed contracting company acquired four DP3 multipurpose offshore construction vessels which can support multiple activities, focusing on high capacity accommodation combined with lifting, fabrication and installation services.
MME Inks Deal to Protect Luxury Cruise Vessels
MME Group has secured multiple orders for solutions that protect the newest generation of luxury cruise vessels built by MV WERFTEN (Germany) against corrosion and marine growth. The yard's "Global Class" and "Endeavor Class" vessels will be outfitted with MME Group's systems. Recently, MME Group inked the deal for the design, supply and commissioning of sacrificial anodes (SA), Impressed Current Cathodic…
Four Methanol-fueled Vessels Ordered in Korea
Four new vessels powered by methanol fuel will be built in Korea following investment from maritime industry stakeholders Waterfront Shipping Company Ltd. (WFS), Marinvest/Skagerack Invest (Marinvest), IINO Kaiun Kaisha, Ltd. (IINO), Mitsui & Co., Ltd. (Mitsui) and the NYK Group (NYK). The four 49,000 dead weight tonne newbuilds will be built at Hyundai Mipo Dockyard for delivery in 2019. They will be powered by MAN B&W ME-LGI two-stroke dual-fuel engines that can run on methanol…
#BTC100 History
Bouchard Transportation Co. acquires its first oil barge, a sunken 15,000 barrel vessel, which Capt. Fred Bouchard purchased for $100. After raising this vessel, he towed it from Jacksonville, FL, to a Norfolk, VA, shipyard, where it was then converted to a hot oil system oil barge and named the John Frederick. The July 2018 edition of Maritime Reporter & Engineering News will feature a special “Bouchard Transportation Co. Celebrates 100 Years” magazine.
Interview: Alison Nolan, GM, Boston Harbor Cruises
Alison Nolan is General Manager and a fourth-generation owner of Boston Harbor Cruises (BHC), a company that moves more than 2.5 million passengers annually on its fleet of 60 vessels with more than 600 daily departures seven ports and more than 30 facilities. But the story of BHC and Alison Nolan transcends raw numbers; as the company and passenger vessel industry are in her DNA, more of a lifestyle than a career.
SENER Organizes FORAN Seminars at Croatian Universities
The SENER engineering and technology group organized two technical seminars on the FORAN System between January 29 and February 1 at the Croatian universities of Split and Rijeka. The objective of these technical sessions, which are part of the agreement signed by SENER with both universities to extend the use of its FORAN marine design and production system, is to exchange knowledge between different industry agents as well as providing students with training.
A Case for Propeller Guards & Cutters
As I was preparing for Thanksgiving dinner I put on Indiana Jones and the Last Crusade. While Indiana Jones and Doctor Elsa Schneider were being chased by the Brotherhood of the Cruciform sword through Venice and their boat was neatly shredded by the propellers of a larger vessel, it had me thinking of how much propeller technology has changed over the years. And how hopefully Indiana’s boat did not actually damage that vessel’s propeller.
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