Ernst Russ Sells Marenave Schiffahrts Stake
German asset and investment manager Ernst Russ Group has sold its stake in Marenave Schiffahrts AG, a shipping company in Germany. "The focus of the Ernst Russ Group’s…
Poor Maintenance, Voyage Planning Led to Arca 1 Grounding
In its investigation report, the Transportation Safety Board of Canada (TSB) found that inadequate vessel maintenance and voyage planning guided by an underqualified…
British Ports Association Calls for ‘Frictionless’ Brexit
The British Ports Association has published a new strategic report - ‘A Brexit Dividend’, which calls on the UK Government to deliver on the Prime Minister’s pledge…
Maersk, Hamburg Süd Improves Asia-Europe Services
While Maersk Line relaunched Asia-Europe Network to increase schedule reliability, Hamburg Süd upgraded schedule reliability in Asia – Europe/Mediterranean network.
International Shipping Summit in Istanbul Focus on Future
Sustainable use of the oceans, maritime trade, and the digital revolution were some of the issues addressed by International Maritime Organization (IMO) Secretary…
Nitin Gadkari Inaugurates Inland Ferry Services in Goa
Indian Union Minister of Shipping Nitin Gadkari has inaugurated the Inland ferry services in the port city of Vasco in Goa. In his keynote address, the Minister…
Sharp Contrasts in Markets Impact Van Oord
The year 2017 was dominated by the difficult market conditions in the dredging and oil & gas sectors, says Pieter van Oord, CEO, Van Oord, the Dutch contracting…
Ctrip, Royal Caribbean Cruises to End SkySea Joint Venture
Royal Caribbean Cruises and Ctrip announced today that they are ending the SkySea Cruise Line joint venture. TUI AG's Marella Cruises has agreed to purchase Golden Era…
China Building Its First Polar Expedition Cruise Ship
China has begun building its first polar expedition cruise ship, state news agency Xinhua reported Saturday, as the country looks to shipping lanes opened up by global warming to extend President Xi Jinping's Belt and Road initiative to the Arctic. Construction of the 104.4-meter vessel, equipped with an advanced electric propulsion and control system for navigating sea ice, was expected to be completed by August 2019, Xinhua reported.
Italy Seizes Ship that Picked up Migrants in Mediterranean
Italian authorities seized a charity’s ship on suspicion it had helped illegal immigration by picking up migrants in the Mediterranean instead of letting Libya’s…
Preece Named Managing Director at CWind
Mark Preece has been appointed Managing Director of CWind, the Global Marine Group (GMG) offshore renewable business. Preece, who has extensive experience in the offshore and maritime sectors, joined CWind on an interim basis late in 2017. He has formerly served as Executive Vice Chairman at PDi Ltd, CEO of CEONA Offshore and CEO of Reef Subsea.
Maersk Says CFO Quits after Organizational Changes
Danish shipping group A.P. Moller-Maersk said on Tuesday its chief financial officer has decided to leave the company after only 16 months in the role. The departure of Jakob Strausholm, who took the role as chief finance, strategy and transformation officer in December 2016, comes after Maersk decided to separate the finance role from its IT and digital transformation function, the company said. The…
#BTC100 History
In 1992, Bouchard Transportation faced new challenges resulting from the newly enacted Oil Pollution Act of 1990 (OPA 90). Now headed by the fourth-generation Morton S. Bouchard III (Morton S Bouchard Jr.’s son), BTC once again leads the industry as the first company to build several new 138,000 barrel double hull barges, along with technologically advanced 6,140 horsepower tugboats to move these 400+ foot barges. As of 2018, BTC’s B. No.
Baltic Index Hits 1-Month Low
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell to a one-month low on Tuesday as capesize rates extended their slide to a 11th straight session. The overall index, which also factors in rates for panamax and supramax shipping vessels, was closed down 14 points, or 1.23 percent, at 1,122 points. The index fell for the seventh straight session and hit its lowest since Feb. 20.
Sulzer Unveils New Coating Dispensing System
Sulzer Mixpac USA, Inc. announced the availability of MIXPAC MixCoat Spray, a member of the MIXPAC MixCoat cartridge-based two-component dispensing system family. The portable Mixpac Mixcoat Spray pneumatic dispense system is designed for small volume applications, touch-up, and repairs, including pipeline repair and field joint coating. Mixcoat Spray is suited for complex, quick-set coating structures like 100 percent solid polyurethanes and polyureas.
US Navy: 355-Ship Fleet is the Mandate, Funding It is Fuzzy
As Congress wrestles with the budget, there is at least a bipartisan consensus that defense spending should grow, and that includes growing the Navy’s fleet. The current goal is 355 ships, an admirable goal, but an objective that faces many cost hurdles. The surface fleet (which excludes submarines and aircraft carriers) needs to grow in capability and capacity. The numbers of ships being procured or envisions would increase as the total n umber of ships increases…
Corrosion Control and the Autonomous Ship
The remarkable success of autonomous and remotely-controlled vehicles on land and in the air and the interest in this technology being shown within maritime circles suggests that it is only a matter of time before autonomous ships are deployed at sea. Although the fuel costs represent, by far, the majority of shipping costs compared to onboard crews, there are yet substantial benefits to be reaped from autonomous ships.
Ontario Accepts Damen’s Electric Ferry Proposal
The Government of Ontario has accepted Damen’s proposal to build two ferries with full electric propulsion. Damen is building a 68-meter Road Ferry 6819 and a 98-meter Road Ferry 9819 to operate in the Canadian waters of the Great Lakes. The vessels will be the first fully electric, non-cable vessels in Canada. As part of the tender process for the contract to build the ferries, Damen was required to identify future innovations and green technologies for sustainable power solutions.
GustoMSC Evolves Chela the "Smart" Crane
Nearly two years ago GustoMSC introduced a smart crane for lifting and wireline operations under the drilling cantilever. Two years later, following industry feedback and further development, the equipment has evolved into Chela, named after the Greek word for a crab’s claw. Chela offers an extra hand in operations, and due to its crablike motion characteristics, it can reach below the cantilever as well as elevate towards the main deck…
ABB to Equip AET's New Shuttle Tankers
ABB said it has won an order from Korean shipbuilder Samsung Heavy Industries to equip two new 125,000 DWT shuttle tankers contracted to the world's largest offshore operator Statoil ASA. Ordered by petroleum and chemical tanker owner and operator AET and scheduled for delivery in 2019, the vessels will transport oil from the Statoil fields on the Norwegian and U.K. continental shelves to land-based terminals.
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