OSM Developing High-tech Operations Center
Ship management firm OSM said it is in the final stages of completing a Singapore-based Maritime Operations Center that will help transform decision-making, efficiency and performance for its global customer base.The facility, developed in partnership with Singapore based analytics company Azendian Solutions, will initially allow OSM to connect all its data sources around the world. In the near future…
Canada, Australia to Monitor North Korean Ships
Australia’s Prime Minister Malcolm Turnbull said on Saturday the country will send a military patrol aircraft to monitor North Korean vessels suspected of transferring prohibited goods in defiance of United Nations sanctions.Canada also plans to deploy patrol aircraft for such activities, and surveillance planes from both countries will be based in the U.S. military’s Kadena air base on Japan’s southern island of Okinawa…
Chevron to Idle Gorgon LNG Unit in May
Chevron will idle the second production unit at its Gorgon liquefied natural gas (LNG) project in May to carry out modifications already implemented at the other two units…
Baltic Index Down For Third Straight Session
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Monday for a third straight session as rates for capesizes continued to decline.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 20 points, or 1.5 percent, at 1,341 points.* The capesize index also fell a third consecutive session and lost 78 points, or 3.5 percent, at 2,173 points.* Average daily earnings for capesizes, which typi
Boaters Strike Decommissioned Oil Rig
The U.S. Coast Guard said it has medevaced five boaters who were injured after striking a decommissioned oil rig in the Gulf of Mexico, Sunday.Coast Guard watchstanders in New Orleans received a mayday call on VHF-FM Channel 16 at 12:03 a.m. from a boater stating multiple persons on board had suffered injuries after their vessel struck a decommissioned offshore rig 23 nautical miles southeast of Venice…
Heavy Lift: Boka Vanguard to Ship 90,000-ton FPSO
Boskalis' mega lift ship Boka Vanguard -- the world's largest semi-submersible heavy lift vessel -- is preparing to load a truly enormous cargo: a 90,000-ton floating production…
U.S. Ethanol Makers Snap Up Cheap Sorghum after China Tariffs
U.S. ethanol makers have joined global livestock producers to snap up discounted American sorghum supplies after buyers in China backed out of deals due to stiff…
Prysmian Orders New Cable Laying Vessel
Vard Holdings Limited reported having been selected by Prysmian Group for the design and construction of one cable laying vessel. The contract value, including owner supplied special equipment…
SSY Pacific Capesize Index Rises Again
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index reported a gain by 241 points in the week ending Monday to 4,915. "The SSY Pacific Capesize Index…
Viking Line: Using Wind Power to Cut Ship Emissions
As the commercial maritime community is collectively pressed by international and regional regulation to cut emissions, news today from Viking Line proves action as Viking Grace -- which is already fueled by LNG -- has become the first passenger ship in the world to use a rotor sail for wind-assisted propulsion. The International Maritime Organization (IMO), the United Nations shipping arm, agreed in mid-April to cut carbon emissions from ships by at least 50% by 2050 as compared to 2008 levels…
GAC Taiwan Wins DSLNG Contract
GAC Taiwan won an agency contract from Donggi Senoro Liquefied Natural Gas (DSLNG), Indonesia’s leading LNG provider, to handle its vessels’ calls and provide discharge…
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