OOCL Partners with Microsoft for AI Project
Hong Kong-based shipping company Orient Overseas Container Line Limited (OOCL) has partnered with Microsoft’s research arm to improve network operations and achieve efficiencies within the shipping industry through applied Artificial Intelligence (AI) research.The partnership, between OOCL and Microsoft Research Asia (MSRA), will apply deep learning research to shipping network operations with a projected $10 million annual operational cost saving.
China-bound US Sorghum Diverted to Saudi Arabia, Japan
Four U.S. sorghum shipments initially bound for China have been diverted to other countries after Beijing's move last week to impose hefty anti-dumping deposits on imports of the grain from the United States, according to trade sources and Reuters shipping data.Three of the cargoes are now sailing for Saudi Arabia after being sold to a private buyer, a U.S. trader and a Middle East-based trading source with knowledge of the matter said Tuesday.
Ballast Water Equipment Manufacturers’ Association Formed
Manufacturers and stakeholders in the ballast water treatment equipment market have codified a unified manufacturers’ association.The Ballastwater Equipment Manufacturers’ Association (BEMA) met on April 19, 2018 for their first Annual Meeting and elected the inaugural Board of Directors.According to the group, the need for this association arose from the growing demand for well-founded information on the practicability of ballast water treatment technologies…
Interview: Bourbon CEO Gael Bodénès
Bourbon Corporation CEO Gael Bodénès & his team plot a bold new course for this offshore industry stalwart.Your career with Bourbon has traversed many industry fluctuations. Looking back to when you joined the company, how is Bourbon today most the same, and most different?Bourbon has transformed from a small regional company to a world recognized leader in offshore marine services. It has seen its teams grow from a 3…
Tugboats & Vessel Response Plans
Traditionally, tugs and towboats (hereinafter tugs) have largely been uninspected vessels of the United States. They were subject to basic examinations by the U.S. Coast Guard, but the standards were little higher than those applicable to recreational craft. These tugs were also subject to examination by the Occupational Safety and Health Administration (OSHA). The OSHA examinations were rare, but when they took place any violations found could be costly.
#BTC100 History
In 2015, Bouchard Transportation Co. appointed Brendan J. Bouchard (son of President & CEO, Morton S. Bouchard III) as the company’s VP of Sales & Operations, firmly establishing the fifth generation of the Bouchard family as being an integral part of the Company. Also that same year, BTC christened ATB unit M/V Kim M. Bouchard and B. No. 270 in New Orleans.The July 2018 edition of Maritime Reporter & Engineering News will feature a special “Bouchard Transportation Co.
Baltic Exchange Sets Out New Code of Conduct
The Baltic Exchange said it will introduce a new code of conduct for shipowners, charterers and shipbrokers using the physical shipping and freight derivatives markets.Following a detailed review of the current arrangements led by law firm Norton Rose Fulbright with oversight by the Baltic Exchange Council and the Baltic Membership Council, the New Baltic Code has been drafted to bring together a set…
Dellner Brakes Goes Global for IMX 2018
Dellner Brakes will present a global product range at this year’s Inland Marine Expo (IMX) in St Louis, bringing together power transmission products from its U.S., Swedish and German operations for the very first time.This global product offering follows on from the Swedish company’s acquisition of U.S. brake and clutch specialist Gummi USA in September 2017 and German braking manufacturer Pintsch Bubenzer in January this year.Dellner Brakes CEO…
CSSC Nanjing Luzhou, MacGregor Start Joint Venture
MacGregor, part of Cargotec, and China State Shipbuilding Corporation's (CSSC) Nanjing Luzhou Machine Co., Ltd. (LMC) celebrated the opening of a new joint venture in Nanjing, China on April 10. With common efforts from both parties, the joint venture will be gradually developed to be the center of excellence for air compressors. The cooperation will be expanded step by step to cover other suitable…
Autonomous Shipping Firm Massterly Appoints Top Brass
The world’s first autonomous shipping company, Massterly, has appointed Tom Eystø as managing director and Per Brinchmann as chair of the Massterly board.Announced on April 3, 2018 as a new joint venture company between Norwegian ship owner Wilhelmsen and systems and solutions provider KONGSBERG, Massterly sets out to offer a complete value chain for autonomous vessels, from design and development…
Shipping Cyber Risk Management Solution Launched
A new integrated risk management solution launched for the global shipping community is said to be the first of its type, according to OSERV.OSERV, OSM Maritime…
Fincantieri Delivers Italian Naval Frigate
The frigate Federico Martinengo was delivered to the Italian Navy at Fincantieri’s shipyard in Muggiano, La Spezia. The ship is the seventh of a series of 10 FREMM…
Two Newbuilds Delivered to Virgin Islands Port Authority
Louisiana-based shipbuilder Metal Shark said it has delivered two custom welded aluminum vessels to the Virgin Islands Port Authority (VIPA).The new vessels, a 45-foot pilot boat and a 32-foot port security vessel, were designed by Metal Shark and built at the company’s Jeanerette, La. production facility. Both vessels were recently delivered to St. Thomas and transferred to VIPA and are now operating…
Rolls-Royce to Design, Equip New Fishing Vessel
Rolls-Royce said it has signed a contract to deliver ship design and a range of equipment to a 70-meter long stern trawler to be built for Olympic Seafood based in Fosnavåg, Norway.The fishing vessel is to be built by Cemre shipyard in Turkey, who also holds a contracted option for a second vessel of the same type for Olympic Seafood.The vessel is designed for bottom trawling as well as pelagic trawling…
Three rescued near Blount Island
The U.S. Coast Guard and good Samaritans came to the rescue of three people Monday after their vessel capsized near Blount Island. Coast Guard watchstanders in Jacksonville…
Kirby Executive Chairman Pyne to Retire
Houston based tank barge operator Kirby Corporation announced that Joseph H. Pyne will retire as Executive Chairman of the Board, effective April 30, 2018. Pyne…
Baltic Index at 15-week High on Firming Capesize Rates
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, firmed on Tuesday as rates for capesize vessels rose for a twelfth straight session.
PDI to Supply Centerboard for OSU's New Research Vessel
Power Dynamics Innovations LLC (PDI) said it has been subcontracted by Gulf Island Shipyards LLC, to design, engineer, construct, install and test the centerboard…
Shell, Inpex Race to Export Aussie LNG
Shell aims to start exports from Prelude LNG this year; Inpex hopes to commence shipments from Ichthys LNG. Shell and Inpex are on the final stretch of a years-long…
Rotterdam Could See First STS LNG Refueling in June
The port of Rotterdam expects to see its first ship-to-ship (STS) liquefied natural gas (LNG) refuelling operation in June, marking an important milestone in the…
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