BP Selects McDermott, BHGE for Subsea Contracts
McDermott International and Baker Hughes (BHGE), a GE company announced the selection of front-end engineering design (FEED) studies in advance of a substantial engineering…
Overslag Bedrijf Amsterdam Creates Space for New Operations
Terminal operator OBA (Overslag Bedrijf Amsterdam) will be clearing part of its coal-handling site this year in order to further diversify into other dry-bulk commodities.
UK Ports to Invest $2.36 Bln in Infrastructure
Newly published research shows that U.K. ports and terminals have an estimated £1.7 billion ($2.36 billion) of port infrastructure investment in the development pipeline.
Orient Overseas International Turns Black
Orient Overseas International (OOIL) said it reported a profit attributable to equity holders of US$138 million for the year ended 31 December 2017, as compared…
TEN has 77% of Fleet Under Secured Contracts
Of the vessels under those fixed contracts, 40% have the ability to capture market upswings through pre-agreed profit sharing provisions which together with the…
Navios Maritime Partners to Acquires a 2005 Panamax
Navios Maritime Partners, an owner and operator of drybulk and container vessels, announced today that it agreed to acquire a 2005-built Panamax Vessel for $12.95 million…
Seaspan Shipyards Gets Orders for LNG Vessel Engine Conversions
Seaspan Shipyards demonstrates its capabilities with liquefied natural gas (LNG) vessel engine conversions in the wake of a major project milestone. Victoria Shipyards…
SECNAV Names Newest Destroyer in Honor of U.S. Marine
Secretary of the Navy Richard V. Spencer named the next Arleigh Burke-class guided-missile destroyer in honor of Marine Corps Vietnam veteran and Navy Cross recipient Lance Cpl. Patrick Gallagher.
Start of Golar's FLNG in Cameroon May Draw More Africa Clients
Golar LNG said on Monday it had started production at its floating LNG (FLNG) platform in Cameroon, the world's second working example of the nascent technology…
CMV Group Buys Vessel from P&O Cruises
The CMV Travel & Leisure Group said it has acquired the vessel Pacific Eden from P&O Cruises Australia. Pacific Eden’s new name will be announced on Tuesday, March 20 and the vessel will join CMV’s expanding fleet with delivery in Singapore in early April 2019 followed by a short docking period to include livery change, re-brand and some preparatory works before she positions westbound to Northern Europe via the Suez on her inaugural voyage.
Leaking Bulk Carrier Towed into Tallinn
A cargo ship that sprung a leak in the Gulf of Finland last week has been towed into the port of Tallinn. The Finnish Boarder Guard said several meters of water had flooded into the engine room and one of the cargo compartments of a Panamanian-flagged bulk carrier Glory Hongkong sailing in international waters to the west of Suursaari island en route to St Petersburg. Pumping equipment was used to drain the cargo compartment, and the leak between the engine room and the cargo hold was stopped.
Responders Tracking Containers Lost off North Carolina
The U.S. Coast Guard, NOAA and Environmental Protection Agency are monitoring the tracking and assessment of more than six dozen stray cargo containers lost due to high winds and heavy seas about 17 miles off Oregon Inlet, N.C. On Sunday, March 4, the cargo ship Maersk Shanghai alerted watchstanders at Sector North Carolina’s command center that they lost about 70 cargo containers during a heavy roll.
US States Slow Trump Offshore Oil Drilling Expansion Plan
The Trump administration's plan to broadly expand drilling in U.S. offshore waters is moving slowly due to opposition from coastal states and indifference from oil companies that have turned their focus to other opportunities. The administration hopes encouraging U.S. energy development outside of shale oilfields will further its goal of "energy dominance." But existing Obama administration lease rules remain in place through 2022 unless the new rules gain approval.
Turkey Tenders to Buy 30,000 Tonnes Rice
Turkey's state grain board TMO has issued a series of international tenders to purchase a total 30,000 tonnes of rice, European traders said on Monday. The tenders close on March 30. The TMO had made no purchase in its previous tenders for 41,250 tonnes of rice on March 8 when only one company participated, partly because of a rapid shipment period of March 15 to April 6. Shipment in the new tenders was also quick, requested between March 26 to April 16.
North Carolina Ferries Change Course for the Future
Shoaling shifts NCDOT’s propulsion needs, prompting a sea change. Thrustmaster waterjets step in to carry the day. In Swansboro, N.C., boatbuilder U.S. Workboats…
Marine News Boat of the Month: March 2018
Jensen Maritime was recently selected to provide the design for Baydelta Maritime’s new 100-foot, Z-Drive hybrid tugboat. It will use Rolls-Royce hybrid technology and represents the first installation of a hybrid system for Nichols Brothers Boat Builders (NBBB), and the first hybrid tug designed by Jensen to enter the construction phase. Scheduled for delivery in the first quarter of 2019, the tug…
Hawaii's Second Sentinel-Class Cutter Commissioned
The U.S. Coast Guard Cutter Joseph Gerczak (WPC 1126), Hawaii's second Sentinel-class cutter, was commissioned into service at Coast Guard Base Honolulu, Friday. Vice Adm. Fred M. Midgette, commander, Coast Guard Pacific Area, presided over the ceremony accepting the second of three 154-foot fast response cutters to be stationed in Hawaii. The cutter's sponsor Stella Gerczak, who is Joseph Gerczak’s sister, was also in attendance at the ceremony.
Amver Tanker Rescues Sailors near Honduras
Chemical tanker Nordic Wolverine rescued two sailors from a disabled 55-foot sailboat approximately 210 miles east of Costa de Mosquitos, Honduras on Thursday, February 22, 2018. U.S.
Baltic Index Inches Up
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, inched up on Friday on firm rates for panamax and supramax vessels. The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, was up 4 points, or 0.33 percent, at 1,201 points. The Baltic index, however, posted its first weekly fall in three weeks, falling 0.5 percent.
Russia Ramps up Fuel Exports in Fight for European Market
Russia plans to sharply increase fuel exports and carve out a larger share of the European market following an extensive $55 billion modernisation of its refineries, companies' plans and analysts' reports show. Russia embarked on a modernisation of its biggest refineries in 2011 following a fuel shortage crisis. It also changed its tax system to favour production of cleaner and higher-quality fuel.
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