Maersk Revenue Up 30% YOY in Q1
In Q1 2018, A.P. Moller - Maersk had a revenue growth of 30% to USD 9.3bn, 10% excluding Hamburg Süd, with growth in all business segments and a strategic transformation well underway. A.P.
Soget Appoints Herve Cornede as Executive Director
The leading Port Community System operator in France SOGET appointed Hervé Cornède as the Executive Director of the company. Hervé Cornède was appointed as the Commercial…
Scorpio Tankers to Sell, Leaseback Five Product Tankers
Scorpio Tankers announced that it has agreed to sell and leaseback three MR product tankers (STI Ville, STI Fontvieille and STI Brooklyn) and two LR2 product tankers…
IMO Training in India on Port Emissions
India is the latest country to benefit from International Maritime Organization (IMO)'s new three-day training package on assessing air emissions in ports and strategies…
K Line Acquires Statement of Conformity for Environmental System
Kawasaki Kisen Kaisha ("K" Line) and some of its group companies recently acquired a “Statement of Conformity” for its environmental system, “Drive Green Network” (DGN)…
Successful Factory Acceptance Test for The Switch EBL
The Switch Norway, part of Yaskawa Corporation’s Yaskawa Environmental Energy Division, reports it has completed a Factory Acceptance Test (FAT) for its Electronic Bus Link breaker (EBL). It is the first time the new EBL, a key element within its DC-Hub, has undergone a FAT.The procedure was conducted in Trondheim under the supervision of class society DNV-GL and the undisclosed end customers. There were no issues recorded with the first three EBL units to undergo stringent testing…
Oil Removed from Decades-old Swedish Shipwreck
A diving contractor has removed oil from the wrecked research vessel Thetis, more than 30 years after the vessel sank.When the fishery research vessel Thetis went down into 30 meters of water close to Smøgen on the west coast of Sweden in 1985, it took a substantial quantity of fuel oil down with it. Quantities of the oil later escaped from the wreck and appeared periodically among the skerries on…
Diana Containerships to Sell Post-Panamax Vessel
Ship owner Diana Containerships Inc. announced it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third…
USS Slater Receives National Maritime Heritage Grant
The Destroyer Escort Historical Museum has received a $200,000 grant from the Department of Interior, National Park Service (NPS) through the National Maritime Heritage (NMH) grant program, for the repair of USS Slater’s mast and hull.Thirty-four of these grants totaling $2.6 million were awarded in collaboration with the Maritime Administration (MARAD) and State Historic Preservation Offices (SHPOs).
ABS Bags Fleetwide Contract with Canadian Coast Guard
The Canadian Coast Guard has awarded a contract to ABS to provide classification and certification services for an existing fleet of 114 vessels and future vessel acquisitions.“Last year, ABS was selected as the exclusive classification organization for all non-combatant vessels in service with the Royal Canadian Navy and now, we are expanding our class and certification services to the entire Canadian Coast Guard fleet,” said ABS Chairman, President and CEO Christopher J.
Four Escort Tugs Delivered to Star Marine
Four new escort tugs designed by Robert Allan Ltd. and constructed at the Triyards SSY facility in Saigon, Vietnam, by contract to Greenbay Marine Services Pte. of Singapore, have been delivered to owner Star Marine Ltd. of Jeddah, Saudi Arabia.The four RAstar 3400 escort tugs, named Murjan 1, 2, 3, and 4, will be stationed in the Red Sea port of Rabigh, Saudi Arabia, and managed by Marine Services Co.
New Rules on Ship Emissions Herald Sea Change for Oil Market
New rules coming into force from 2020 to curb pollution produced by the world's ships are worrying everyone from OPEC oil producers to bunker fuel sellers and shipping companies.The regulations will slash emissions of sulfur, which is blamed for causing respiratory diseases and is a component of acid rain that damages vegetation and wildlife.But the energy and shipping industries are ill-prepared, say analysts…
An Unlikely and Remarkable Safety Journey
Late last year, the Transportation Research Board released a major study that was undertaken “in response to the rapid development of domestic sources of energy and questions about the safest ways to move these products.” The Study Committee examined the operational responses of the three primary modes impacted by the fracking revolution – rail, pipeline and maritime. A primary observation of this…
New Towboat Delivered to Marquette Transportation
Louisiana shipyard C&C Marine and Repair has delivered the second towboat in a series of three 6,600 hp, 160’ x 50’ triple-screw z-drive newbuilds for Marquette Transportation Company.The delivery of the new towboat m/v Chris Reeves comes three months after the series' lead vessel m/v Cindy L. Erickson was handed over in February 2018.The third in the series is scheduled for delivery this August, with…
Japan Plans Retaliatory Tariffs Against US
Japan is considering tariffs on U.S. exports worth $409 million in retaliation against steel and aluminium import tariffs imposed by President Donald Trump, media reported on Thursday.Such a move would signal Tokyo is ready to go beyond backdoor talks and pleas for exemptions from the U.S. duties.It would also add to a growing rift that Trump's "America First" trade policies is creating among major economies, which threatens to slow global trade and business activity.Japan is the only major U.S.
New Water Booster Pumps for Polvo FPSO
As part of the life extension project for the Polvo Floating production storage and offloading (FPSO) vessel, operator BW Offshore has contracted Norwegian based…
Rosneft: South China Sea Drilling is Within Vietnam Waters
Drilling in the South China Sea by Rosneft is within Vietnamese territorial waters, the Russian state oil firm said in a statement on Thursday, two days after its Vietnamese subsidiary began drilling in Vietnamese waters claimed by China.Rosneft's local unit, Rosneft Vietnam BV, is concerned that its recent drilling in an area of the South China Sea that falls within China's "nine-dash line" could upset Beijing, two sources with direct knowledge of the situation told Reuters on Wednesday."Offsho
DSC Dredge to the Rescue in California
In the Santa Barbara County Flood Control and Water Conservation District, the Thomas Fire Debris Flow Incident Emergency Dredging Project in the Carpinteria Salt…
One Million Ship Containers Missing after P&R Insolvency
Managers of insolvent P&R Group are being investigated after it was discovered the investment firm sold nearly one million more shipping containers than it owned, the Munich prosecutors' office said on Thursday.Once the world's biggest lessor of shipping containers, P&R sells containers to investors and its sister company in Switzerland rents them out to shipping companies.P&R later buys back the containers from investors.P&R, which is based near Munich, has sold some 1.6 million containers to a
Maersk: Disappointing Q1 Earnings Hit Share Price
A.P. Moller-Maersk missed first-quarter profit expectations on Thursday and warned that political and trade tensions clouded the outlook, sending shares in the world's biggest container shipper sharply lower.Earnings before interest, tax, depreciation and amortization (EBITDA) for the three months to March 31 rose 5 percent to $669 million but came in well below the $852 million forecast by analysts…
