Noble Group Sells Kamsarmax Dry Bulker to Aeolian Spirit Shipping
The commodity trader Noble Group has entered into an agreement with Aeolian Spirit Shipping, a Cyprus company, to dispose a vessel registered in Hong Kong for a consideration of US$23.79 million.
Hyundai Merchant Marine Signs LoI for 20 Vessels
South Korea's Hyundai Merchant Marine (HMM) has selected country’s three major shipbuilder and signed letters of intent (LOIs) with them to build 20 container carriers by mid-2021, reported Yonhap.
DryShips Sells Two Older Panamaxes
DryShips announced that it has entered into agreements with unaffiliated buyers, for the sale of two of its older Panamax drybulk carriers, built in 2002. The diversified…
Navios Maritime Partners Sells Hyundai Hongkong
Navios Maritime Partners, an international owner and operator of container and dry bulk vessels, announced that it has agreed to sell the Hyundai Hongkong, a 2006-built…
Navios Maritime Containers Acquires Five Boxships
Navios Maritime Containers announced that it has agreed to acquire five containerships for a total purchase price of $246.0 million. The Company expects to take…
Seaspan Shipyards Starts Construction Canada’s Joint Support Ships
Canada’s shipbuilding and ship repair company Seaspan Shipyards (Seaspan), joined by representatives from industry and government, celebrated the start of construction…
FAO on Fishing Vessel Safety Work
While exact figures are hard to come by, preliminary, conservative estimates of fatalities in fishing are now over 32 000 people annually. The UN Food and Agriculture…
DNV GL First Type Approval for Aluminium Cables Onboard Ships
As the competitive and economic pressure on the shipping and offshore industries continues to grow, owners, operators and yards are searching for every efficiency.
China Surprises with Threat on US Energy Exports
Beijing surprised oil markets with threats to levy tariffs on imports of U.S. crude oil, natural gas and other energy products on Friday, just as China has risen to the top of the list of importers of oil from the United States.China responded to $50 billion in tariffs imposed by U.S. President Donald Trump with a similar amount of levies on a variety of U.S. goods. But China also said it would impose tariffs on U.S.
Corpus Christi Gearing Up to Handle US Shale Export Boom
Port officials on Tuesday are expected to consider $300 million in financing that would prepare the country's largest oil-export port - Corpus Christi, Texas - to handle a surge in U.S. shale production over the next five years.International buyers would like more U.S. crude but are unable to get it because of infrastructure constraints along the U.S. Gulf Coast. Terminals originally designed for imports…
DNV GL Releases First Cyber Security Class Notations
At the Posidonia trade fair last week, classification society DNV GL introduced its first class notations to help shipowners and operators protect their assets from cyber security incidents. The new class notations – Cyber secure – help owners and operators protect vital systems from cyber security threats. They will be published on the DNV GL rules page on July 1, 2018.“Whether in machinery, navigation or communication systems…
China to Impose 25% Tariffs on 659 US Goods
China will impose additional 25 percent tariffs on 659 U.S. goods worth $50 billion in response to the U.S. announcement that it will levy tariffs on Chinese imports, the Chinese commerce ministry said.Tariffs on $34 billion of U.S. goods including agricultural products such as soybeans will take effect from July 6, the ministry said. Soybeans are China's biggest import from the United States by value.The tariffs will also be applied to autos and aquatic products…
Trump Announces 25% Tariff on Chinese Technology
President Donald Trump on Friday announced that the United States will implement a 25 percent tariff on $50 billion of goods from China related to intellectual property and technology, and pledged to impose further levies if the Asian nation takes retaliatory measures.Trump said the tariff list includes goods from China's "Made in China 2025" strategic plan to dominate high-technology industries that will "drive future economic growth for China, but hurt economic growth for the United States and
Industry Presents on Marine Accidents and Salvage
A series of presentations organized and presented jointly by Resolve Marine Group and the SNAME - Greek Supper Section was held Wednesday, June 6 at the Posidonia 2018 exhibition in Athens.The two-hour event included a total of four presentations – two from SNAME and two from Resolve – focused on the issues of direct and prompt response to merchant vessels’ accidents and damages that have shaken the…
Rolls-Royce Chief Sets Ambitious Targets
Rolls-Royce (RR.L) said it would exceed its 2020 guidance as it announced new ambitious mid-term goals, sending its shares to four-year highs and reflecting investor faith that CEO Warren East can transform Britain’s best known engineering firm.The maker of engines for civil planes, military jets and ships has been in turnaround mode since 2015. Having on Thursday announced plans to cut 4,600 jobs as part of cost-saving measures…
Bolidt Eyes Polar Cruise Sector
Bolidt Synthetic Products & Systems' position for decking and flooring in mainstream cruise ship and superyacht markets has been quickly converted into a series of business wins in the fast-emerging polar expedition cruise ship sector.The most recent contract for the Dutch manufacturer’s hardwearing, environmentally friendly and visually attractive products covers the Hurtigruten newbuildings, Roald Amundsen and Fridtjof Nansens…
Kotug Smit Towage Names Two New Tugs
European harbor towage operator Kotug Smit Towage named two of its newest tugs Rotterdam and Beagle during a ceremony Wednesday at the Port of Rotterdam, where both tugs are currently operating.The new vessels were constructed by Dutch shipbuilder Damen. The Rotterdam is an ASD Tug 2913 with a bollard pull in excess of 80 metric tons, and the Beagle is an ATD Tug 2412 Twin Fin with 72 metric ton bollard pull.During 2017 and 2018…
Learn to Weld with a Virtual Personal Trainer
The Fohnsdorf Training Center is located in Styria, Austria. To train welders, it uses a virtual welding system – the Virtual Welding simulator from Fronius, the Austrian technology leader. The simulator employs a virtual trainer to provide 1:1 training for the center’s students, an approach that has a positive impact on training quality.A young student carefully guides the welding torch. The weaving motions she makes as she welds the single-V butt weld in front of her appear very composed…
Iridium-7 Target Launch Date Set
Iridium Communications Inc. announced that the seventh Iridium(r) NEXT mission has been targeted by SpaceX for launch on July 20, 2018, from Vandenberg Air Force Base in California.The Falcon 9 rocket will launch 10 Iridium NEXT satellites to low Earth orbit (LEO) from Vandenberg Air Force Base (VAFB) in California at approximately 5:12 am PDT (12:12 UTC). An exact instantaneous launch window time will be available closer to the launch date.
Tiny Japan Shipping Shares Jump on North Korea Detente Hopes
Shares of small Japanese shippers jumped this week after the historic summit between U.S. President Donald Trump and North Korean leader Kim Jong Un sparked hopes of news business ties with the reclusive country.Japanese retail investors are snatching up shares of the firms that may benefit from a potential thaw between Tokyo and Pyongyang, even though the Japanese government has been a staunch supporter of "maximum pressure" on North Korea.Shares of Rinko Corp…
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