Europe’s First LNG Dredger Conversion Underway
Work has kicked off at Damen Shiprepair Dunkerque to convert the trailing suction hopper dredger (TSHD) Samuel de Champlain from diesel-electric propulsion to dual-fuel capability combining marine gas oil (MGO) and liquefied natural gas (LNG). A ceremony was held at the yard to mark the first cutting of steel for the prefabrication of a new section of hull that will hold the new generators and other equipment.Present at the occasion were Jean-Pierre Guellec…
Statoil Name Change Expected in May
Statoil ASA will vote on the proposal to change the company’s name, from Statoil ASA to Equinor ASA, at the company's annual general meeting on May 15.The company said in March it intends to change its name to reflect its move to become a broad energy company.The company expects to implement the name change from (and including) May 16, 2018. This entails that May 15, 2018 is expected to be the last day of trading on Oslo Børs under the ticker “STL”.
Rickey Named Senior Manager at Honda Marine
Michael E. Rickey was named Senior Manager, Honda Marine, effective April 1, 2018.In this capacity he oversees total sales, operations and application engineering activities for the U.S. region, working to increase volume through the execution of competitive pricing; sales channel expansion; strategic advertising and promotional campaigns; and enhanced communications with OEM and dealer channels.Before his current role…
Angelicoussis Shipping to Retrofit BWTS on 36 Ships
U.S.-based ballast water treatment system (BWTS) manufacturer Ecochlor, Inc. said it has been awarded a contract to retrofit 36 vessels, including Suezmaxes, Aframaxes, VLCCs, Minicapes and Capes for Angelicoussis Shipping Group Limited (ASGL). Installations are expected to take place between 2018 and 2020 in Singapore, Dubai, Qatar and China.Ecochlor CEO Steve Candito remarked, “Having both IMO and USCG Type Approval were very important factors in the selection process by ASGL.
Ailing Tanker Crewmember Medevaced
The U.S. Coast Guard medevaced a 59-year-old crew member from an asphalt/bitumen tanker near Dauphin Island, Ala., Sunday.Coast Guard watchstanders in Mobile, Ala.
Partners Look to Tackle Risks of Autonomous Shipping
As industry efforts to make autonomous shipping a reality continue, Rolls-Royce and AXA Corporate Solutions have signed a letter of intent (LOI) to explore ways in which they can bring a new risk management offering to the marine market.The companies say they seek to utilize Rolls-Royce Ship Intelligence systems and equipment and AXA’s risk analytics capabilities to support current sailing and future…
Tough Recovery Ahead for Some Box Trades; More Uncertainty in Others
Drewry says that recovering demand recovery in the North America-East Coast South America box trades provides encouragement, but local political conditions bear watching.
Israeli Seaports Reopen as Workers End Strike
Israeli dockworkers on Sunday ended a three-day strike that had shut down the country's two main seaports after a court ordered them back to work.Officials at the Mediterranean ports of Ashdod and Haifa said operations had resumed and that cargo ships were once again being unloaded.The workers had protested against the creation of competing foreign-run docks.The government, frustrated by labour disputes that have disrupted Israel’s trade arteries for years, gave the green light in 2013 to build
Total to Set Up LNG Bunkering Hub in Oman
French energy group Total said it had signed a memorandum of understanding with the government of Oman to develop natural gas resources in the country."Total and…
Skentelbery Drives Grand Bahama Shipyard
We visited Grand Bahama Shipyard CEO Dave Skentelbery, who updates us on his shipyard and the cruise shipping industry.How do you see the market today?In terms of the cruise ship market, it is very healthy. As a business, we are growing the amount of work we do on each of those projects. We’re doing more complex scopes of work. I think we’re truly demonstrating our capability as a project management…
New Fish Farming Service Boat for Norway
Tuco Marine reports it has sold another 8m Full Cabin service boat to Norway.The 8m Full Cabin Service Boat will be outfitted and utilized as a fast and flexible dive boat for fish farming service and construction works in Norway, the boat will be delivered summer 2018 and is set up specifically for fast utilization of divers to the fish farming and construction industry. It will be delivered to Fiskå…
Conoco Seized PDVSA Products from Isla Refinery
U.S. oil major ConocoPhillips has seized products belonging to Venezuelan state oil company PDVSA from the Isla refinery it runs on Curacao, an island official told Reuters on Sunday.Conoco has won court orders allowing it to seize PDVSA assets on Caribbean islands, including Curacao, in efforts to collect on a $2 billion arbitral award linked to the 2007 nationalization of Conoco assets under late…
Kutubu Light Crude Oil Exports to Resume in Spot Trade
Sales of Kutubu Light crude oil cargoes will resume in the Asia spot market in July after a major earthquake in Papua New Guinea shut production from late February to early April…
China's Crude Oil Futures Boom Amid Looming Iran Sanctions
A U.S. decision to reimpose sanctions on Iran is supporting China's newly established crude oil futures, and may spur efforts to start trading oil in yuan rather than dollars, traders and analysts said.Since launching in March, Shanghai crude oil futures have seen a steady pick-up in daily trading, while open interest - the number of outstanding longer-term positions and a gauge of institutional interest - has also surged.Traded daily volumes hit a record 250…
ZIM Names Destriau CFO
ZIM Integrated Shipping Services Ltd. announced that Xavier Destriau will take over as the company’s new CFO, effective June 15, 2018. He will replace Acting CFO, Yohai Benita, who has completed his position at ZIM.Destriau has worked at CMA-CGM for 10 years and has served as Vice President - Head of Group Financing from 2014 to 2016. Destriau will be joining the company after two years as Strategic Advisor to Founder and Interim CFO of LTF Partners…
Singapore Marine Fuel Sales at 3-month High
Singapore marine fuel sales climbed to a three-month high of 4.233 million tonnes in April, up 1.6 percent from the previous month but 0.5 percent lower from the same time last year, data from the Maritime and Port Authority of Singapore (MPA) showed on Monday.In a signal of steady demand for marine fuels, the firm April sales volumes came despite rising fuel costs and supply disruptions of some bunker fuels towards the end of the month, trade sources said.The cost of 380-centistoke (cst) fuel o
Hapag-Lloyd Delays Recovery Hopes
German container shipping line Hapag-Lloyd reported a higher net profit and operating result in the first quarter of 2018 on Monday, citing better transport volumes, but said earnings improvements would mostly be made in the second half."We have had a solid start into the current year, but the market environment is challenging," Chief Executive Rolf Habben Jansen said."Freight rates have been under pressure…
Britain Awards $3.3 Bln in Submarine Work to BAE Systems
Britain on Monday awarded defence firm BAE Systems 2.4 billion pounds ($3.26 billion) to work on two submarine programmes, the company said in a statement.The Ministry of Defence gave BAE a 1.5 billion pound contract for delivery of the seventh Astute class submarine, and a further 900 million pounds for the next phase of the Dreadnought submarine program, the company said.($1 = 0.7364 pounds)(Reporting by Alistair Smout; editing by Kate Holton)
OOCL Bags Outstanding Green Leadership Award
Orient Overseas Container Line (OOCL) has received the 2017 Hong Kong Awards for Environmental Excellence (HKAEE) Gold Award in the Transport and Logistics Sector…
TOTE Delays Midnight Sun’s LNG Conversion
TOTE Maritime Alaska has adjusted its liquefied natural gas (LNG) conversion schedule, pushing back works on its RoRo vessel Midnight Sun by one year in order to…
