Shipping Fuel Costs to Spike 25% on Sulphur Cap
Costs to rise from roughly $100 bln today; just 2 pct of global fleet to have scrubbers in 2020. Global shipping fuel costs are likely to rise by a quarter, or $24 billion…
Huntington Ingalls Says Steel Tariffs Won't Raise Prices for Now
Huntington Ingalls Industries, the largest shipbuilder for the U.S. government, said new tariffs on steel and aluminum should not impact the price of its own shipbuilding in the near-term, but does not know if tariffs will raise prices for its suppliers. Huntington's Newport News Shipbuilding yard in Virginia has a multi-year financial agreement that guarantees steady pricing for its steel, known as a hedge…
Norway's DOF: OSV Market Improving
The cost of renting offshore supply vessels (OSVs), servicing oil and gas firms, will continue to rise as many ships that were mothballed up during the downturn will not return to the market…
Vietnam Mulls Coast Guard 'Open Fire' Rules
Vietnam wants to give its coast guard more flexibility to open fire at sea, amid tension in the busy South China Sea waterway, a draft law released on Wednesday showed.
Fisherman Rescued East of East Caicos Island
The Coast Guard, a good Samaritan and Turks and Caicos Police Maritime Division rescued an overdue fisherman Tuesday approximately 100 yards off the eastern shore of East Caicos Island.
Felixstowe Gets Remote Control STS Cranes
The Port of Felixstowe has taken delivery of its first two remote control ship-to-shore (STS) gantry cranes. The two new cranes, the 32nd and 33rd at the UK's largest container port…
Ocean Yield Takes Delivery of Two Vessels
Norwegian shipowner Ocean Yield ASA took delivery of newly-built handysize dry bulk vessel "La Fresnais" and "Interlink Amenity". In press release, Ocean Yield said…
India Signs MoU with Korea on Seafarers
India signed an MoU with the Republic of Korea (South Korea) on Mutual Recognition of Certificates of Competency of Seafarers. This paves the way for the two governments…
CMA CGM Rolls Out Ocean Alliance Day Two Product
CMA CGM Group, a world leader in maritime transport, is pleased to announce the start of the Ocean Alliance Day Two Product. Based on the success of Ocean Alliance…
Hyundai Merchant Marine in Aggressive Expansion in India
With India’s high economic growth and the improvement of container market, Hyundai Merchant Marine (HMM) has been aggressively expanding its sales activities within the region.
Diana Shipping TC Contract for Melia with United
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with United Bulk Carriers International S.A.…
DNV GL Advises on Acquisition of UK's Wind Farm
DNV GL secured a leading role as technical advisor to GVO Wind Ltd and Bluemerang Capital Ltd, supporting the sale of an 80% stake of the 26.1 MW Ventus portfolio of wind projects.
USNS Mercy Departs Bengkulu Indonesia
Service members and partner nations participating in Pacific Partnership 2018 (PP18) departed Bengkulu aboard Military Sealift Command hospital ship USNS Mercy (T-AH 19), April 10.
Fetten Named CEO at MV WEFTEN
Maritime industry veteran Peter Fetten will take over as President & CEO of German shipbuilder MV WERFTEN as of May 1, 2018. Jarmo Laakso will remain as Managing Director and step into the position of COO to focus on cruise shipbuilding.Fetten was previously the Senior Vice President of Corporate Ship Refits at Carnival Corporation & PLC for the past nine years. He was also Vice President Newbuilding and Fleet Design of Royal Caribbean Cruises Ltd.
Ekse Joins Elliott Bay Design Group
Robert Ekse has joined Elliott Bay Design Group's team of naval architects and engineers as a project manager. He will be responsible for the initiation, management and execution of diverse projects and will be based in the Seattle office. Ekse has 27 years of experience in increasingly responsible roles within the marine industry, having worked for operators and shipyards along the West Coast.
Latest Innovations in Heavy Duty Machinery
In the first of a series of marine industry sector reviews, MR&EN correspondent Tom Mulligan reports on the latest innovations in heavy lifting machinery technology with a selective overview of new product launches and recent equipment installations on board ships, ferries and workboats, as well as in ports, docks, harbors and shipping terminals worldwide. Markey Machinery’s Render/Recover and Asymmetric…
Seaspan Shipyards Opens New Vancouver Office
Seaspan Shipyards officially opened its new 7,800 square meter office at the foot of Pemberton Avenue on the south western spit of the property near Seaspan’s current offices in North Vancouver, B.C. The new building, which provides space for approximately 390 employees, will serve primarily as a collaborative space for Vancouver Shipyards to execute preproduction work as a strategic partner to the Government of Canada under the National Shipbuilding Strategy (NSS).
#BTC100 History
In 2013, Bouchard Transportation Co., experienced two important company milestones: BTC President/CEO Morton S. Bouchard III is inducted into the International Maritime Hall of Fame, and the company announces their donation to fund the Bouchard Transportation Co., Inc. Tug and Barge Simulation Center at SUNY Maritime College, which officially opens one year later, in 2014. The July 2018 edition of Maritime Reporter & Engineering News will feature a special “Bouchard Transportation Co.
Baltic Index Gains On Stronger Capesize Demand
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose over two percent on Tuesday to mark its biggest one-day percentage gain in about seven weeks, helped by stronger capesize rates. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 22 points, or 2.31 percent, at 974 points. This was the biggest one-day percentage gain for the index since Feb. 21.
Simwave Simulator Center Opens in April
With a range of dignitaries in attendance, Simwave will officially open its 5,000-square-meter maritime training center in Barendrecht on April 19. The three hundred guests will take a look behind the scenes at the new location, which houses more than 50 simulators. The center has already been in use for some time now. The 'site acceptance test' was successfully completed on January 29th, in collaboration with the supplier of the simulators, the Norwegian company Kongsberg Digital.
