GTT, Sembcorp Ink Membrane Tank Solutions Deal
GTT has signed a Technical Assistance and License Agreement (TALA) with Singapore-based Sembcorp Marine for the design and construction of Sembcorp Marine's Gravifloat…
Baltic Index Snaps 13 Sessions of Gains
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, snapped 13 straight sessions of gains on Thursday, hurt by falling capesize rates.
USCG's Polar Icebreaker Program Prepares for EIS
Notice of intent to prepare an Environmental Impact Statement (EIS); notice of public meeting; and request for comments posted in Federal Register.The U.S. Coast…
Singapore to Require Flow Meters for Bunker Transfers
Singapore's Maritime Port Authority (MPA) is set to announce it is making use of mass-flow-meters (MFM) mandatory onboard marine gasoil barges used to refuel large ships…
Cox Powertrain Appoints Asian Distributor
British diesel outboard manufacturer Cox Powertrain has signed an agreement with SoungJin Marine Co. Ltd. to act as distributor for its 300hp diesel outboard engine in South Korea.SoungJin Marine Co.
Euronav Secures Loan for Four Ice-class Suezmaxes
Tanker shipping company Euronav has secured a loan facility providing financing for four ice-class suezmax newbuildings under construction by Hyundai Samho Heavy Industries Co.…
Bollore Under Formal Investigation in Africa Graft Probe
A French judge on Wednesday placed tycoon Vincent Bollore under formal investigation over allegations his company undercharged for work on behalf of presidential candidates in two African nations in return for port contracts.Bollore's company, Groupe Bollore, announced the decision by Judge Serge Tournaire, which came after Bollore had been questioned for two days by French fraud police.Bollore, whose logistics empire is a powerhouse in former French colonies across West Africa…
New App Helps Ship Owners Comply with Fuel Regs
Bureau Veritas has introduced the first phase of My Fuel Consumption, a cloud-based and secure web application for desktop, mobile and tablet that aims to make compliance easy, with a digitized process throughout the various steps of IMO-DCS (declaration of fuel consumption) and EU MRV regulations (CO2 emissions).All ships of 5,000 GT and above must submit IMO-DCS plan to receive a confirmation of compliance…
Singapore Awards Another $1.1 Bln for Mega-port Project
Singapore on Wednesday announced a $1.1 billion plan to expand and modernize its port, the world's second-biggest, but which is in fierce competition with several Chinese harbors including Shanghai, Shenzhen and Guangzhou.The Maritime and Port Authority of Singapore (MPA) said it has awarded a project worth S$1.46 billion ($1.10 billion) for the second phase of its Tuas Terminal port development to a joint venture of firms, including Korea's Hyundai Engineering and Construction.Other companies i
Singapore's Bunker Market Rallies
The Singapore fuel oil market has rallied this week as inventories have dropped at the same time that some supplies in the region do not meet the standards for use as shipping fuel, further reducing the amount of supply available, five trade sources said.Cash premiums for 380-centistoke fuel oil, which is primarily sold for ship fuel, known as bunker fuel, have soared this week to the highest since May 2017.
Eni Staying in Cyprus Despite Island's Standoff with Turkey
Italy's Eni will not relinquish its interests in Cyprus, its CEO said on Wednesday, as an uneasy standoff between Turkey and the Mediterranean island lingered over…
Yacht Manager Aquited of Manslaughter Charges
The director of a yacht management firm was cleared of manslaughter charges bought on by the death of four sailors in 2014.Four U.K. men – two in their twenties…
Crooker Named VP at Ingalls Shipbuilding
Eric Crooker has been promoted to vice president of contracts and pricing for Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division.Effective immediately, Crooker will have overall responsibility for contracts, estimating and pricing, and export/import licensing and compliance for the Ingalls shipyard and will report to Tom Stiehle, Ingalls’ vice president, business management, and chief financial officer.Crooker succeeds Don Perkins…
Fast Ferry Launched for Angolan Transport Ministry
In a ceremony held at Damen Shipyards Singapore on April 19, His Excellency, Dr. Augusto da Silva Tomás, Minister of Transport for the Republic of Angola officially launched the new Damen Fast RoPax Ferry 4812 ordered by the Ministerio dos Transportes through IMPA (Instituto Marítimo e Portuário de Angola).The vessel will be operated by TMA Express (Transporte Marítimo de Angola) and operate on Angola’s Atlantic coastline between the capital Luanda and Cabinda…
Maersk to Trial AI-powered Situational Awareness Technology
Danish shipping giant A.P. Moller-Maersk will be the first in the world to trial artificial intelligence (AI) powered perception and situational awareness technology on a containership.Under a deal signed with Boston-based Sea Machines Robotics, Maersk will install computer vision, Light Detection and Ranging (LiDAR) and perception software aboard one of its new-build Winter Palace ice-class containerships.Sea Machines said its solution uses AI to improve at-sea situational awareness…
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Each year the August edition of Marine News magazine, the leading voice in the North American workboat market, features the very best 100 leaders and innovators, including workboat owners and operators, builders, OEMs and repairers, and product and service providers.This year's MN100 edition application portal is live and open. Participation is free, but to be considered you must apply at http://mn100.maritimemagazine.com/.
DNV GL Develops Offshore Safety Guidance for Greek Regulator
DNV GL said it has completed a workscope with the European Bank of Reconstruction and Development (EBRD), under funding provided by the EU, to develop guidance for…
Damen's New Harbor Tug Kicks-off EU Tour
The first of Damen’s new RSD 2513 harbor tugs is kicking-off an introduction tour of European ports with visits to some of Italy’s most important ports plus the…
Wärtsilä Signs MoU to Promote Maritime Technologies in Singapore
Wärtsilä has partnered with the Maritime and Port Authority of Singapore (MPA) to promote maritime innovation and R&D. The partnership covers four different streams: digital acceleration, cyber-physical security, intelligent vessel and port operations. Wärtsilä and MPA have also agreed to support and leverage start-ups and small and medium enterprises in Singapore in these four streams.“This partnership with MPA is a great example of how combining digitalization ecosystems thinking…
Sembcorp Marine Outlook Subdued on Q1 Profit Slump
Singaporean rig builder Sembcorp Marine Ltd said on Wednesday first-quarter profit fell 86 percent, and signaled a subdued outlook for orders and business volumes.Sembcorp Marine said profit came in at S$5.3 million ($4 million) for the three-month period ended March, compared with S$37 million in the same period a year ago.The year-ago profit was boosted by an one-off gain from the disposal of Sembcorp…