Cruise Ship Construction: China Rising
China earns cruise newbuild business, aims for ship financeWhile China has steadily built shipbuilding market share, cruise ship construction – more specifically mastering the logistical complexities inherent in cruise ship design, outfit and construction – has proved elusive. But it appears that Chinese shipbuilders have turned the corner, with contracts signed for the first cruise newbuilds. We were in Tianjin…
Danaos Corporation Refinances USD 2.2bln in Debt
Danaos Corporation, a leading international owner of containerships, has reached an agreement with certain of its lenders currently holding approximately $2.2 billion of debt maturing on December 31…
Closer Look at Interpretation of Maritime Law
The challenges posed by maritime crime are bringing about discussions on legal issues involving the interpretation and implementation of maritime law. As a result…
MOL Snaps Up Adriatic Gas via Croatian Unit
MOL Group’s Croatian INA agreed to buy Eni Croatia BV, a wholly-owned member of Eni Group, through which Eni participated in the joint project of gas production…
Morocco Holds Port Emissions Training
How can ports cut emissions to ensure cleaner air and contribute to the battle against climate change? An International Maritime Organization (IMO) training course…
Shippers Push to Undermine EU Ship Recycling Regulation
The EU member states’ experts on ship recycling met in Brussels to discuss the latest developments, six months ahead of the application of the 2013 Ship Recycling Regulation.
Maritime Cook Islands Highlights “Positive Progress” to Tokyo MOU White List
The Cook Islands flag, operated by ship registry Maritime Cook Islands (MCI), has shown positive flag state performance, as reported in the latest report on Port…
Protecting Marine Life from Ship Noise
Ship noise has been shown to be the main contributor to underwater noise on a global scale, with recognized negative impacts on marine life, said a press release…
AAM, Puget Sound Express Launch the 'Saratoga'
All American Marine, Inc. and the Hanke family of Puget Sound Express announced the launch of the Saratoga, the newest member of the PSE whale watching fleet. The 73-foot…
Partners Unveil New Digital Operations Tool
Navigation solutions provider Marine Press, environmental product and services company Total Marine Solutions and maritime software and technology firm Brenock have…
Liberia Backs Australia’s Push for IMO Reform
The Liberian Registry says its supports Australia's call for the International Maritime Organization (IMO) to reconsider transparency and the role of industry bodies in the organization.As one of the world's largest flag states, Liberia is now the largest to support the push, which will lead to a submission to the IMO Council meeting in July calling into question the existing role of the IMO Council and the IMO Assembly…
Oil Traders Ready for Musical Chairs as China Tariffs Loom
Oil markets are bracing for a reshuffle of global trade flows as China threatens to impose tit-for-tat tariffs on imports of U.S. energy products, including crude.China, which has bought an average 330,000 barrels per day (bpd) of U.S. crude oil this year, is threatening to place a 25 percent tariff on various U.S. commodity exports, including crude oil, although it is so far unclear when such a measure would come in place.The decision came in response to U.S.
Eighty-two Crowley Vessels Earn Safety Awards
Eighty-two Crowley Maritime Corporation vessels recently received the Chamber of Shipping of America (CSA)’s annual Jones F. Devlin Awards in recognition of their outstanding safety records in 2017. Each year the CSA grants Devlin Award certificates to manned merchant vessels that have operated for two or more years without incurring a lost time injury (LTI), specifically highlighting the skills and…
Tidetech Unveils 'Data Cube' for Voyage Optimization
Provider of metocean data to the maritime industry Tidetech Commercial Marine Pty Ltd says it is enhancing the scope of its services in response to a growing demand for marine weather data.Tidetech generates and curates a wide range of marine weather data for delivery to shipowners and third party software vendors. Its latest enhancement is the introduction of the ‘Data Cube’, which enables users to query the data in three dimensions: longitude…
Chinese Firm Pays $584 Mln in Sri Lanka Port Debt-to-equity Deal
China Merchants Port Holdings has made a $584 million payment as part of a $1.12 billion deal to operate Sri Lanka's deep sea Hambantota port, a state-run agency said on Wednesday.Under the deal…
Lakes Limestone Trade Rises in May
Shipments of limestone on the Great Lakes totaled 3.745 million tons in May, an increase of 3.9 percent compared to a year ago, the Lake Carriers’ Association reports. May’s loadings also bettered the month’s five-year average by the same percent.Loadings from U.S. quarries totaled 3.155 million tons, an increase of 7.9 percent compared to a year ago. Shipments from Canadian quarries totaled 590,000 tons…
C&C Marine and Repair Continues Shipyard Expansion
Belle Chasse, La. based C&C Marine and Repair said it has expanded its shipyard with the acquisition of another 1,000 linear feet of bulkhead, along with a 16,725 square foot Spooling Shop equipped with two 20 ton overhead cranes.With this latest expansion, C&C Marine and Repair now has 3,200 linear feet of continuous waterfrontage along the Gulf Intracoastal Waterway (Algiers Canal), and more than 470,000 square feet of area under roof.
New Rig Designed for Heavy Dockside Lifts
Below-the-hook equipment manufacturer Modulift and Siemens Heat Transfer Technology B.V. combined forces to design a special rig for lifting modules that weighed nearly 200t apiece. Modulift sent two rigs for on- and off-load in Korea and Thailand respectively—a total of 16 no. 34t capacity MOD 34 beams in addition to slings, shackles, tie-plates and other rigging gear.The two vertical Benson-type…
HEECO Eyes New Markets for Expansion
The Humber Electrical Engineering Company (HEECO) in the United Kingdom has consolidated its marine presence and developed into new oil and gas markets.The Hull-based electrical manufacturing business is known for the design and build of switchboards, motor control centers (MCCs) and control panels for the marine and energy sectors as well as the programming of Programmable Logic Controllers (PLCs) and the provision of electrical design solutions.Celebrating its 110th anniversary this year…
Metal Shark is Competing - and Winning - Here and Oversees
U.S. shipbuilder Metal Shark powers into the second half of 2018 with a healthy backlog, multiple recent deliveries into foreign markets, and a portfolio of patrol…
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