IMO: Nitrogen in the Oceans Needs Further Study
Human activity increases the amount of nitrogen that reaches the oceans by 50%, on top of natural processes, according to a new report which assesses the magnitude…
Trade Wars Clearly Bad for Global Shipping - BIMCO
On March 1, 2018, President Trump pushed through a metals tariff plan that puts 25 percent tariff on imports of steel and a 10 percent tariff on imports of aluminium. They are set to enter into force on March 23, 2018. The Trump administration seems positive towards protectionism and that picture became clear when the pro-trade U.S. President Donald Trump’s chief economic adviser Gary Cohn resigned on March 6 because of the tariffs imposed on steel and aluminium.
Saipem Buys Lewek Constellation Vessel
Italian oil and gas contractor Saipem said it has reached a deal to purchase the pipelay, heavy lift and construction vessel Lewek Constellation for $275 million.
NOVATEK wins Payutskiy License, Gydan
PAO NOVATEK announced that OOO NOVATEK-Yurkharovneftegas, a wholly owned subsidiary, won the bid for a geological survey, exploration and production license for the Payutskiy subsoil area.
DP World, Tata Group Mull Cooperation Opportunities
Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer, DP World, has met senior executives from India’s Tata Group to explore opportunities for cooperation…
GasLog Partners Acquires GasLog Gibraltar
GasLog Partners has agreed to acquire GasLog Gibraltar from GasLog (GLOG) for USD 207 million and to fully repay its USD 45 million unsecured term loan from GLOG.
Euronav, Gener8 Maritime Merger to Close in 2Q 2018
Tanker operators Euronav NV said that it remains confident of closing a takeover of the U.S.-based provider of international seaborne crude oil transportation services…
ZIM Upgrades ZCP, Rolls-out CFX Service
The biggest cargo shipping company in Israel ZIM Integrated Shipping Services (ZIM) upgrades ZIM Container Service Pacific (ZCP) and Introduces a New Service (CFX) Connecting Jamaica…
Dorian LPG Announces Third Japanese Financing
Dorian LPG, a leading owner and operator of modern and ECO very large gas carriers (VLGCs), has announced that the Company has entered into a $70.0 million sale…
Naval Group Engages KBR in SEA1000 Project
Naval Group has formally signed a Design Services Subcontract (DSSC) with local engineering company, KBR, to assist with the concept design of the proposed Future…
Seabourn Ovation Completes Sea Trials
Seabourn Cruise Line's newest ultra-luxury vessel, Seabourn Ovation, achieved another important maritime milestone with the completion of its final round of sea…
Reducing Emissions in Ports
How can ports cut emissions to ensure cleaner air and contribute to the battle against climate change? First, ports need to quantify emissions in ports, then they…
Euronav Says 2017 Was a Challenging Year
2017 was a challenging year for th Belgium-based tanker owner Euronav NV from an operational perspective on account of challenging freight market driven by ship oversupply & OPEC restrictions…
GTT LNG Tanks for South Korean Newbuilds
GTT said it has received an order from the Korean shipyard Hyundai Samho Heavy Industries (HSHI) for the design of the liquefied natural gas (LNG) tanks of two new 174,000 m3 LNG carriers (LNGC).
Port of Leixoes Orders Pilot Boat from Safehaven
Irish boat builder Safehaven Marine said it has signed contracts with the Port of Leixoes in Portugal to supply a 48-foot pilot boat due for delivery in 2019. The vessel will be the 15th Interceptor 48 Pilot supplied to ports worldwide and the builder’s 39th pilot boat overall. The Interceptor 48 is 15 meters long overall, with a 4.4-meter beam and 17,200-kilogram displacement. According to the builder’s website…
Charleston Harbor Deepening Construction Begins
At a ceremony held earlier in March, officials celebrated the beginning of construction on the Charleston Harbor Deepening Project to 52 feet. "It is a monumental accomplishment to begin construction on the Charleston Deepening Project, which make Charleston the deepest port on the East Coast at a time when deep and wide shipping channels are necessary," said Jim Newsome, South Carolina Ports Authority president and CEO.
US Hospital Ship Delivers Medical Supplies to Ulithi Atoll
Servicemembers assigned to Military Sealift Command hospital ship USNS Mercy (T-AH 19) made a brief mission stop, March 20, near Ulithi Atoll, part of the Caroline Islands in the Federated States of Micronesia (FSM). This is the first official engagement of Pacific Partnership 2018 (PP18), where Mercy will be sailing near Ulithi Atoll and using helicopters to deliver medical supplies to a advanced echelon team of PP18 medical professionals embarked on USNS Brunswick (T-EPF 6)…
Overturned Cargo Ship in Tow in the English Channel
The hull of an overturned cargo ship that collided with a fishing vessel is being towed out of the way of shipping lanes in the English Channel. The Maltese flagged cargo ship Britannica Hav capsized after it was involved in a collision Tuesday with Belgian flagged fishing vessel Deborah about 50 nautical miles northeast of Cherbourg, France. The freighter’s seven crew members evacuated the ship aboard two life rafts and were recovered by Deborah.
Record-size US Offshore Oil Lease Sale Draws Modest Bidding
Oil and gas drillers bid modestly on Gulf of Mexico acreage in the largest lease sale in American history on Wednesday, dealing a setback to the Trump administration's efforts to rapidly pump up investment in the region. The Interior Department had offered up a record 77 million acres (31.2 million hectares) for development in the Gulf with discounted royalty rates on the shallower tracts as part of a broader effort by President Donald Trump's administration to ramp up U.S. fossil fuels output.
American Pride: Working Hard in the US Dredging Industry
We have had a great first couple of months at the Dredging Contractors of America. As the new CEO and Executive Director, I have begun to visit the companies, their facilities and associated dredging projects. So far, I have surveyed the beach re-nourishment project in Ocean City, Md. undertaken by Great Lakes Dredge and Dock. I’ve canvassed Weeks Marine’s repair and yard facility in Jersey City, N.J.
