Seaspan Buys GCI from Carlyle
Containership owner and operator Seaspan Corporation announced it has acquired Greater China Intermodal Investments LLC (GCI) from affiliates of The Carlyle Group and other minority owners.
Hardy Takes Over as Vitol CEO
Ian Taylor, who helped build Vitol into the world's biggest oil trader, will step down as chief executive and continue as chairman, the company said on Friday, naming a long-time ally and insider…
Emissions Regulations: 'It's Not Easy Being Green'
Nor is it getting any easier to understand when, how and why to comply. Whether your marine operation is a major corporation or a family “mom and pop” company, the type of fuel you now burn or for that matter what emanates from your stack each day after the burn has now become a major source of confusion. As Kermit the Frog once said, we will now know what its like to be green. Some believe the discussion is a new subject. It is not.
MES Delivers 66,000 DWT Bulk Carrier
Japanese shipbuilder Mitsui Engineering & Shipbuilding Co., Ltd. (MES) said it has completed and delivered a 66,000 dwt bulk carrier to owner Ostria Marine Co. The newbuild, M.V.
Baltic Index Falls on Muted Capesize Activity
The Baltic Exchange's main sea freight index fell for the fourth straight session on Thursday, as subdued activity in the Pacific and Atlantic markets dragged the capesize index down to 7-1/2 month lows. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels that ferry dry bulk commodities, fell to its lowest in three weeks. Baltic index was down 19 points, or 1.63 percent, at 1,150 points.
Cummins QSK95 Propulsion for Ferry Newbuild
Azam Marine’s next newbuild, Kilimanjaro VII, will be the first passenger ferry powered by QSK95 propulsion engines from engine manufacturer Cummins. Two QSK95 propulsion engines will provide main propulsion power to the new Incat Crowther designed fast catamaran, which will be built by Australian shipbuilder Richardson Devine Marine in Tasmania. Cummins said its newest and most powerful engine for the marine market…
Shipping Needs an Attitude Adjustment -Transas Chief
Speaking last week at the 2018 Transas Global Conference in Vancouver, Transas CEO Frank Coles laid out his vision for the maritime industry’s future – from safer, greener and more efficient ships to a world without freight forwarders. As has come to be expected from the Transas CEO, Coles did not hesitate to offer a healthy dose of constructive criticism – particularly in the direction of those he sees as a hindrance to industry-wide progress…
Executives Larkins, Morais Acquire SSI
As of March 1, 2018, CEO Darren Larkins and President & CTO Denis Morais have acquired ownership of the shipbuilding software development company SSI from the company’s founder Rolf Oetter. Larkins and Morais have been managing SSI for the past seven years while Oetter has focused on other initiatives.
Damen Unveils New Water Injection Dredger
Damen Shipyards Group has recently unveiled a Water Injection Dredger (WID), courtesy of a plug & play system aboard a Damen Multi Cat. Such capabilities are typically found only on dedicated platforms, though Damen said it realized that the Multi Cat’s forward propulsion and manuevrability made it a suitable platform for this type of dredging. “Damen invented the Multi Cat as the ideal dredge support vessel – what I like to think of as floating work bench – for Cutter Suction Dredgers (CSD).
DP World Says Committed to Port Project in Somaliland
DP World, one of the world's largest port operators, said on Thursday it is committed to the port project in Somaliland despite Somalia's move to ban the ports operator from operating in Somalia. Djibouti's decision to end a contract with DP World to run its Doraleh Container Terminal will make it difficult for Africa to attract investment, DP World's chairman Sultan bin Sulayem told a news conference after reporting full-year earnings.
First Steel Cut for Seven Seas Splendor
Italian shipbuilder Fincantieri held a steel cutting ceremony in Ancona marking the official start of construction on Seven Seas Splendor, a new ultra-luxury cruise ship for Norwegian Cruise Line Holdings brand Regent Seven Seas Cruises. The new vessel is scheduled to be delivered in early 2020, following Seven Seas Explorer delivered by the Fincantieri shipyard in Sestri Ponente, Genoa in June 2017.
LNG Cargo from US Plant does U-turn for UK
The first liquefied natural gas (LNG) cargo exported from a new plant in the United States at Cove Point will arrive in Britain later this month as Asian spot LNG…
Kuwait Oil Tankers Inks Financing for Eight Tankers
Kuwait Oil Tanker Company said on Thursday it had signed a 140 million dinar ($467 million) financing deal with three local banks for eight oil tankers, state news agency KUNA reported.
Statoil to Rebrand as Equinor
Rebranding would cost up to $32.5 mln but firm plans to ramp up renewables investment. Norway's Statoil plans to change its name to Equinor, reflecting its commitment…
AWI to Track Carbon Particles in the Arctic
On 15 March, the AWI research aeroplane Polar 5 will depart for Greenland. Concentrating on the furthest northeast region of the island, an international team of…
MOL Announced Delivery of Beluga Ace Car Carrier
Mitsui O.S.K. Lines, Ltd. has taken delivery of the first car carrier of the next-generation “FLEXIE” series, the Beluga Ace, which was built at the Minaminippon Shipbuilding Co., Ltd.
Alfa Laval BlueBox SA prevents oily water discharge problems
Non-compliant discharge of oily water continues to be an environmental threat – and an expensive headache for the marine industry. With the tamper-proof Alfa Laval BlueBox SA, a standalone oil content monitor and data recorder, Alfa Laval is providing peace of mind to ship owners and operators. Despite many years of strict enforcement when it comes to oily water discharge limits, there are still high-profile cases that result in extreme fines or jail terms.
Torvald Klaveness Extends Shipping Deal with Arcelor Mittal
Norwegian shipping company Torvald Klaveness has extended its shipping agreement with Luxembourg-based steel and mining firm Arcelor Mittal. "We are pleased that Arcelor Mittal…
Ship Finance International Acquires 15 Vintage Vessels
Ship Finance International Limited announced that it has agreed to acquire a fleet of 15 feeder size container vessels, ranging from 1,100 TEU to 4,400 TEU, in combination…
Hyundai Samho Heavy Industries Delivers Green VLCC
Hyundai Samho Heavy Industries (HSHI) has completed building a scrubber-equipped Very Large Crude oil Carrier (VLCC), the first of two ships ordered by Greek shipowner Almi Tankers in August 2016…
