First of Three New ATBs Delivered for Vane Brothers
The Vane Brothers Company continues to expand its fleet with new vessel construction. This February, the marine transportation company took delivery of the first of three new ATB tugs from the Conrad Orange Shipyard in Orange, Texas. The first boat is the Assateague, and the other two boats will be the Chincoteague and Wachapreague. Designed by Greg Castleman of Castleman Maritime, LLC, located in League City…
Container Fleets & Demand Growing in Step -BIMCO
For 2018, the world containership fleet is expected to grow in step with global demand, according to BIMCO’s latest container shipping market outlook. Having experienced falling freight rates from August to year-end in 2017, most liner companies were successful in pushing rates higher in early January 2018. Most of them managed to hold onto most of the gains they achieved, considering October and November were challenging in terms of very low demand growth.
UK to Sell HMS Ocean to Brazil
The MOD has agreed to sell HMS Ocean to the Government of Brazil after 20 years of service. Sold to the Brazilian Navy for around £84M ($117m), the profit generated from the sale will be reinvested in defence at a time when the Royal Navy is being strengthened with two types of brand new frigates and two huge aircraft carriers. HMS Queen Elizabeth, which will eventually take on the role as the nation’s new flagship…
World’s First LNG-fueled Bulk Carrier Delivered
Hyundai Mipo Dockyard (HMD) and ILSHIN LOGISTICS delivered the world’s first LNG-fueled bulk carrier under the dual-class of Lloyd’s Register (LR) and Korean Register. The 50,000 dwt bulk carrier has also been verified to be in compliance with the International Gas Fuel (IGF) Code. The vessel is the result of a collaboration project, announced in July 2016, to develop the first in a new generation of environmentally-friendly LNG-fueled bulk carriers.
#BTC100 History
Bouchard Transportation Co. launches Liberty Ship S.S. Frederick Bouchard in November 1944. Built in memory of Capt. Fred Bouchard, the vessel is then christened by his wife, Ellen S. Bouchard. #BTC100 The July 2018 edition of Maritime Reporter & Engineering News will feature a special “Bouchard Transportation Co. Celebrates 100 Years” magazine. For more information contact: Greg Trauthwein, [email protected], t. 516-810-7405.
Port Spat Delays Russian Black Sea Product Exports
Shipments of oil products from a Russian Black Sea outlet have been disrupted since early February due to a row over the port's control, four industry sources told Reuters on Wednesday.
Sembcorp Marine Swings to Q4 Loss
Singapore's Sembcorp Marine swung to a net loss in the fourth quarter, with revenue plunging 21 percent due to lower rig-building revenue, fewer floater and offshore platforms projects.
Fisherman Medevaced NE of Cold Bay, Alaska
A U.S. Coast Guard Air Station Kodiak MH-60 Jayhawk helicopter crew medevaced a 44-year-old man from the fishing vessel Golden Alaska approximately 60 miles northeast of Cold Bay, Tuesday. Watchstanders at the Coast Guard 17th District command center received a medevac request from Health Force Partners for a man suffering from stroke symptoms Tuesday afternoon. Watchstanders notified the Coast Guard duty flight surgeon who recommended the medevac.
ACP, Cheniere Focus on LNG's Potential
Representatives from the Panama Canal, led by Administrator Jorge L. Quijano, hosted executives from U.S. LNG exporter Cheniere Energy, Inc. to discuss the waterway’s…
London P&I Club Sees Encouraging Growth
Following the recent completion of the 2018 renewal, the London P & I Club saw an encouraging 2.5m gt, or 5.8% year-on- year increase in its mutual business, to 45.4m gt.
SCF, Shell Push LNG Fuel for Aframax Tankers
SCF Group signed time-charter agreements with Shell for two dual-fueled Aframax tankers. At a ceremony held during International Petroleum Week in London, the time…
MOL Car Carrier Rescues Sailors in Distress
Mitsui O.S.K. Lines, Ltd. announced today that on February 9, 2018, the MOL-operated car carrier Progress Ace rescued three sailors form a yacht in distress in the North Atlantic Ocean. At 10:05 a.m.
Ensco Announces Cash Dividend
Ensco plc announced today that its Board of Directors has declared a regular quarterly cash dividend of US$0.01 per Class A ordinary share payable on March 16, 2018.
Aegean to Acquire H.E.C. Europe
Aegean Marine Petroleum Network Inc. announced today that it has entered into a definitive agreement to acquire all of the outstanding share capital of H.E.C. Europe Limited (H.E.C.)…
Subsea 7 to Invest in Xodus Group
Leading global contractor in seabed-to-surface engineering, construction and services to the offshore energy industry Subsea 7 S.A. and Chiyoda Corporation announced…
NYSHEX Adds New Members in its Council
The New York Shipping Exchange (NYSHEX), the container shipping industry’s solution for digital and enforceable freight contracting, has announces the appointment…
NMMA Honors MasterCraft’s XStar with 2018 Innovation Award
MasterCraft Boat Company continues its leadership accolades in the towboat category with a prestigious innovation award for its most advanced towboat to date, the 2018 XStar…
IMO on Distress and Safety at Sea
Seafarers depend on a robust distress and safety system when life is in danger at sea. This week’s meeting of the Sub-Committee on Navigation, Communications and…
Global Ship Lease Extends Charter with OOCL
Global Ship Lease, a containership charter owner, today announced that it has agreed to an extension of its charter with OOCL for the OOCL Qingdao, a 2004-built, 8,063 TEU containership.
Germany and Greece: Worst Vessel Dumpers
As in 2016, Germany and Greece top the list of country dumpers in 2017, according to new data released today by the NGO Shipbreaking Platform. German owners, including banks and ship funds…
