McDermott Closing CB&I Deal
Offshore engineering firm McDermott International Inc will close its acquisition of Chicago Bridge and Iron Co NV on Thursday, creating an integrated onshore and…
Scrapping Risks
Traditionally, when a ship reached the end of its economic life, the owner sold it, often to a cash buyer, for scrapping with little consideration of the next step. Many ships ended up on a beach in south Asia (India, Pakistan, or Bangladesh) where they were cut apart and the metal was sold for scrap. The working conditions were sometimes dangerous and hazardous to the workers’ health. In addition, little was sometimes done to protect the environment.
Former MSC Contractor Sentenced in Bribery Scandal
A former contractor at the Military Sealift Command (MSC) has been sentenced to 87 months for his role in a bribery and fraud conspiracy through which he received…
Top Challenges for Maritime Training
The maritime industry, like any other, faces its share of challenges.When it comes to training, maritime stakeholders say their largest challenge is a lack of financial resources, according to the Maritime Training Insights Database (MarTID) 2018 Training Practices Report.Other top challenges include a shortage of competent and dedicated training personnel as well as the procurement and availability of specific training courses.Looking forward…
Interview: Robert Kunkel, Alternative Marine Technologies
Bob Kunkel needs no introduction to Marine News readers. Kunkel, President of Alternative Marine Technologies, previously served as the Federal Chairman of the Short Sea Shipping Cooperative Program under the Maritime Administration and Department of Transportation from 2003 until 2008. A past Vice President of the Connecticut Maritime Association, he is a contributing writer for Maritime Logistics Professional magazine and of course, Marine News.
ABS to Class Kyklades VLCCs
ABS said it has been selected to class two additional very large crude carriers (VLCC) being built for Greek shipping company Kyklades Maritime Corporation. The…
Shipbuilding: Fincantieri Floats Out Viking Jupiter
Italian shipbuilder Fincantieri said it has floated out the sixth ocean cruise ship in a series for owner Viking Cruises.The new vessel, Viking Jupiter, which is under construction at Fincantieri’s shipyard in Ancona, will now undergo interior outfitting before its scheduled delivery in 2019.As its sister ships, Viking Jupiter will have a gross tonnage of about 47,800 tons, 465 cabins with accommodation for 930 passengers…
Vessels Carrying U.S. Sorghum to China Switch Destinations
Three ships carrying livestock feed grain, sorghum, from the U.S. to China switched their destinations on Thursday to Japan and South Korea, according to Thomson Reuters Eikon ship tracking data…
RedPort Global Unveils New Satellite Device
A new satellite device that combines the Inmarsat Fleet Xpress Network Service Device (NSD) with the RedPort Optimizer Enterprise satellite router and VoIP gateway was launched by RedPort Global.The single rackmount appliance will manage ship networks with satellite broadband routing, VoIP connectivity and crew services, and replaces at least three pieces of hardware that were previously required for…
​Guthrie to Direct KVH Initiatives in Asia-Pacific Region
KVH Industries, Inc. announced that Mark Guthrie has been named KVH’s vice president for the Asia-Pacific region.Guthrie will oversee all KVH activities in this area, which is of vital importance in the mobile connectivity market. Mobile tech innovator KVH provides connectivity solutions for the maritime market, including global mini-VSAT Broadbands services used by thousands of vessels worldwide.Guthrie joined KVH in 2013…
Kawasaki Kisen, 3 Others Set up LNG Bunkering Ventures
Kawasaki Kisen Kaisha, Chubu Electric Power, Toyota Tsusho, and Nippon Yusen KK said on Thursday they have agreed to launch a liquefied natural gas (LNG) bunkering business in Japan and have set up two joint ventures.The companies plan to start supplying marine traffic in the Chubu region in central Japan, they said in a statement.LNG has been promoted as an alternative to bunker fuel oil for shipping lines facing a 2020 deadline to meet new international standards on sulfur emissions.(Reporting
Gorgon LNG Faces Scrutiny on Delayed Carbon Capture Project
The state of Western Australia has ordered an inquiry into a delay in burying carbon dioxide emissions at Chevron Corp's Gorgon liquefied natural gas (LNG) project, which could lead to a change in conditions on the project.The state approved the $54-billion Gorgon project in 2009 on the condition that at least 80 percent of carbon dioxide released in its gas processing operations over a five-year rolling…
Croatia Acts to Cut Red Tape for FSRU Terminal Project
The Croatian government proposed a special law on Thursday to facilitate the construction of an EU-backed liquefied natural gas (LNG) terminal in the northern Adriatic.The floating terminal is expected to start operations in 2020.The European Union wants the facility to help diversify sources of supply and reduce dependence on Russian gas, most notably for countries in central Europe.Brussels will invest 101.4 million euros ($121 million)…
Ships Stranded as Strikes Shut Israel's Main Ports
Striking workers shut down Israel's two main ports, leaving dozens of cargo ships stranded on Thursday in protest against the creation of competing foreign-run docks.At least 17 ships were waiting to unload at Ashdod port, with another 14 lined up to come in.
Baltic Index Slips, Snaps Five-session Gain Streak
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Thursday for the first time in five sessions as rates for capesize and panamax vessels fell.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 12 points, or 0.8 percent, at 1,453 points.The capesize index also snapped a five session gain streak and lost 51 points, or about 2 percent, at 2,565 points.Average daily earnings for capesizes
New Patrol Boats Delivered in Curacao
Four new high-speed patrol boats commissioned on the island of Curacao are the first to be delivered to the Dutch Caribbean Coast Guard (DCCG) under a 12-boat order announced last year.The welded aluminum 38 Defiant monohull patrol boats were designed and manufactured by Louisiana based shipbuilder Metal Shark as the result of a multi-year effort by the DCCG to procure a replacement for its fleet of…
Antwerp Port, Fluxys Team Up for CO2 Capture
The climate target of getting Belgian CO2 emissions 35% lower by 2030 is a formidable challenge. In this context Antwerp Port Authority and gas infrastructure operator…
Panama Canal Lifts Daily Neopanamax Reservations to Eight
The Panama Canal announced that it has added an additional reservation slot to its Neopanamax locks, effective from Monday (May 07), bringing the total available booking slots to eight daily.
Cargotec, JCE Invest AB Form Joint Bulk Business
Cargotec has signed an agreement with JCE Invest AB to establish a joint venture, Bruks Siwertell Group, specialised in dry bulk handling. The new joint venture…
Eagle Bulk Shipping Q1 Revenue Jumps Up
Eagle Bulk Shipping generated net revenues of $79.4 million for the three months ended March 31, 2018, representing an increase of 73% compared to the same period in 2017.
