Vroon Reaches Restructuring Terms with Lenders
Vroon shipping group has reached an in principle agreement with all its lenders regarding the terms of its financial restructuring. The agreement, which is only…
Fast, Quick Action Needed to Meet Paris Climate Goals: CAN
The International Maritime Organisation (IMO) has agreed on an initial strategy to decarbonise international shipping and reduce emissions from ships by at least 50% by 2050.
Sempra Energy to Build Liquid Fuel Terminal in Mexico
Sempra Energy announced that its Mexican subsidiary, Infraestructura Energética Nova, S.A.B. de C.V. (IEnova), plans to develop, build and operate a receipt, storage…
Stena Drillship First to Receive DNV GL MPD Class Notation
DNV GL has revised its classification rules for Managed Pressure Drilling (MPD) systems and introduced two new class notations DRILL(MPD) and DRILL(MPD READY). Stena Drilling Ltd.
ICS Cheers 'Paris Agreement for Shipping'
The International Chamber of Shipping (ICS) has welcomed the high level strategy for the further reduction of shipping’s greenhouse gas (GHG) emissions, adopted…
ECSA and WSC Call for European Maritime Single Window
The European Commission is expected to publish a proposal for a revision of the Reporting Formalities Directive (RFD) in early May 2018 that is intended to remedy the current costly…
UN Body Adopts Climate Change Strategy for Shipping
Nations meeting at the United Nations International Maritime Organization (IMO) in London have adopted an initial strategy on the reduction of greenhouse gas emissions from ships…
Pangaea Logistics Acquires Panamax Bulker
Pangaea Logistics Solutions, a global provider of comprehensive maritime logistics solutions, announced that it has signed a memorandum of agreement to acquire the…
MOL Accepts "Great Ship of the Year" Award
Maritime Reporter & Engineering New’s Great Ship of 2017 Award was presented to Mr. Yoshikazu Kawagoe, Chief Technical Officer, Mitsui O.S.K. Lines in MOL’s headquarters in Tokyo. A full report on the world’s 3rd largest shipowner will publish soon in the pages of MR. Mitsui O.S.K. Lines, Ltd. The World’s Largest Floating Storage and Regasification Unit (FSRU Max). Japanese shipowner Mitsui O.S.K. Lines, Ltd.
Five Weeks Later, Maersk Honam is Still Burning
Efforts to suppress a fire on containership Maersk Honam continue more than a month after a blaze aboard the 15,000 TEU vessel killed five crew members. On March 6, a fire broke out in a cargo hold aboard Singapore-flagged Maersk Honam while the vessel was en route from Singapore toward Suez, about 900 nautical miles southeast of Salalah, Oman. At the time of the incident, the ship was carrying 7,860 containers for the 2M Alliance between Maersk Line and Mediterranean Shipping Co. (MSC).
Louis Dreyfus Orders Wind Farm Vessel
The Louis Dreyfus Armateurs Group (LDA) and Ørsted, the Danish global leader in renewables, reinforce their 2017 partnership with the order of a second service operation vessel (SOV) dedicated to Hornsea Project Two offshore wind farm off the English coast. As sister vessel of the Wind of Change, the first SOV ordered by LDA in 2017, this second ship will also be designed in close cooperation with Salt Ship Design and will be built by CEMRE for a delivery in 2021.
Brazil Vessel Lineup for Sugar 60% Behind 2017
The lineup of vessels to load sugar in Brazil currently is around 60 percent smaller than seen in the same period a year earlier because of lower output and tepid foreign demand, midway through the first month of the country's new cane crop. Ten vessels were at Brazilian ports in the first week of April to load 393,500 tonnes of sugar, according to data from shipping agency Williams. At this time last year, 23 ships were at port to take on 950,400 tonnes.
USS Little Rock Arrives in Mayport
The U.S. Navy’s newest Freedom-variant littoral combat ship has finally reached its homeport in Mayport, Fla. after a winter trapped in the icy north. Built at the Marinette Marine Corporation shipyard in Marinette, Wisc., the USS Little Rock (LCS 9) was scheduled to sail for its Florida homeport following a December 2017 commissioning ceremony in Buffalo, N.Y., but worse-than-expected ice conditions in the St.
US Could Reach 355 Ship Navy in 2030s -Official
The U.S. Navy could build its strength to 355 ships over a decade earlier than previously thought due to an increased shipbuilding budget and tempo as well as extending the service for some ships in the current fleet, a Pentagon official told a Congressional panel on Thursday. The goal of a larger Navy, one of President Donald Trump's signature issues from the campaign trail, could be achieved in the 2030s instead of the 2050s…
IMO Reaches Deal to Cut CO2 Emissions
The United Nations shipping agency reached an agreement on Friday to cut carbon emissions, following years of slow progress. The compromise plan, which will cut emissions by at least 50 percent by 2050 compared with 2008 levels, fell short of more ambitious targets. Kitack Lim, Secretary-General of the International Maritime Organization (IMO), said the adoption of the strategy "would allow future IMO work on climate change to be rooted in a solid basis".
Russia's Grip on Biggest Port Operator Tightens
Moscow tightened its grip on Russia's biggest port operator on Friday, making a government official chairman and ousting representatives of the only private shareholder from the board.The changes follow the arrest last month on organized crime and embezzlement charges of Ziyavudin Magomedov, head of the Summa conglomerate which with a joint venture partner owns a 50.1 percent stake in the port operator.
Twin Disc Equips Seacor's New Crewboats
When cargo and crew need to get to an offshore platform fast, Seacor Marine delivers with its new Seacor Panther and Seacor Puma. Part of its CrewZer Class of state-of-the-art transport vessels, the 187' x 41' high-speed aluminum catamarans reach 40 kts—a dramatic speed improvement over traditional FSVs (fast support vessel). This blazing-fast speed is due to an innovative hull design, and high-performance…
Norddeutsche Reederei Upgrades Connectivity
Norddeutsche Reederei said it will begin installing Navarino’s Infinity Cube solution across its fleet of 50 vessels.The company has a fleet consisting mostly of modern container vessels which trade worldwide.Christian Mix, Norddeutsche Reederei’s IT Marine System Administrator, said, "We are in the process of further upgrading our connectivity capabilities based on our last year finished VSAT installation…
Vigor Hires McCreary, Blount in Leadership Roles
U.S. shipbuilder Vigor has hired Richard McCreary as VP of Business Development and Bill Blount as International Business Development Manager. As VP of Business Development, McCreary will lead Vigor’s growing government programs in ship repair and fabrication. He brings to the role long history in shipbuilding and ship repair, having serves as Executive VP for VT Halter in Mississippi for five years…
Georgia Ports' Box Volume Jumps 14%
The Georgia Ports Authority achieved 14 percent growth in March container volumes, moving 355,208 Twenty-foot Equivalent Unit containers. For the fiscal year to date (July-March)…
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