GTT Revenue Grows Thanks to Strong LNG Market
French liquefied natural gas containment system specialist Gaztransport & Technigaz (GTT), on the back of liquefied natural gas (LNG) market growth, reported 12%…
Quadrise Fuels Signs MoU with Freepoint Commodities
Fuel oil technology firm Quadrise Fuels International said it had signed a non-binding memorandum of understanding with commodities trader Freepoint Commodities…
Evergas Rolls-out Largest Ethane Carrier in the World
Evergas announced that the first 85.000cbm very large ethane carrier (VLEC) was successfully undocked in China and will be delivered in the first quarter of 2019.Following…
OOCL: Total Volumes Up by 4.6%
For the second quarter ended 30th June 2018, total volumes were 4.6% up from the same period last year said Orient Overseas (International) Limited. Total revenues increased by 4.0% to US Dollars 1…
ISC Middle East to East Africa Service Reshuffling
In a continued effort to provide our customers with reliable and efficient service, CMA CGM Group will upgrade its service offering connection India and Middle East to East Africa.…
India Spurring Port Development
The government of India has identified 243 projects at a total cost USD 21 billion have been identified for enhancing the infrastructure at Indian ports upto 2035…
Diana Containerships Slips Into the Red
Diana Containerships reported a net loss of $42.3 million for the second quarter of 2018, compared to net income of $36.5 million for the same period of 2017. The…
Scorpio Bulkers Secures $60 Mln Loan Facility
Scorpio Bulkers Inc. said it has received a commitment from ABN AMRO Bank N.V. and Norddeutsche Landesbank Girozentrale for a loan facility of up to $60 million…
#SNAME125
Significant moments in naval architecture & marine engineeringIn March 1989, oil tanker Exxon Valdez spilled 11 million gallons of crude oil after running aground in Alaska's Prince Williams Sound. The oil spill stood as the largest in U.S. history until the 2010 Deepwater Horizon disaster in the Gulf of Mexico.The Exxon Valdez incident, while certainly not a bright spot in maritime history, led to broad changes across the industry…
GTT Bags Tank Design Work for New LNG Carrier
GTT said it has received a new order notification from the Korean shipyard Hyundai Samho Heavy Industries (HSHI) for the tank design of a new 174,000 m3 liquefied natural gas (LNG) carrier…
Wison Wins FEED Contract for Canadian FLNG Project
Wison Offshore & Marine announced it has been awarded a contract to carry out front-end engineering design (FEED) for a proposed floating liquefied natural gas (FLNG) project sited in British Columbia, Canada.Wison said it has entered into a Technical Service Agreement (TSA) with the project’s developer Western LNG LLC, pursuant to which Wison will develop the basis of design (BOD) and carry out FEED wordk.
Aussie Pump Goes to Sea
Marine conservation group Sea Shepherd has recently installed another Aussie GMP bronze pump from Australian manufacture Australian Pump Industries, commonly known as Aussie Pumps. The unit is fitted to the M/Y Steve Irwin and forms part of the updated seawater sewer system.Brian Race from Sea Shepherd Global chose the Aussie because of its high-quality nickel aluminum bronze construction and open impeller.
ZF Appoints New Board Members
ZF Friedrichshafen AG's Supervisory Board has appointed Sabine Jaskula and Dr. Holger Klein to the company's Board of Management.Jaskula, an experienced HR manager and lawyer, will be responsible for Corporate HR and Legal functions from latest January 1, 2019. In this function, she will also be in charge of compliance. Dr. Klein has been appointed to ZF's Board of Management with effect from October 1, 2018.
SBM Offshore Reaches Settlement in Brazil Corruption Probe
SBM Offshore has reached a settlement in a long-running corruption investigation it faced in Brazil, allowing the Dutch marine engineering group to take up new business there.SBM said late on Thursday it would pay approximately $189 million to the Brazilian authorities and state oil company Petrobras in fines and compensation for damages.The company would not receive earlier agreed performance bonuses worth about $180 million in the period until 2030…
CNIV Module Installed on Erha FPSO in Nigeria
The Jumbo Javelin and her team have successfully installed a 100t Calcium Nitrate Injection Vessel (CNIV) module on the ERHA FPSO offshore Nigeria for Mobil Producing Nigeria (MPN).For this assignment the Jumbo Javelin had the Fly-Jib installed in Singapore. The 16-meter x 700t SWL Fly-Jib gives essential additional lifting height when mounted on the vessels forward crane.Once the Fly-Jib was installed…
Contaminated Fuels Clog Ship Engines in Singapore
Contaminated marine fuel that clogs and damages ship engines has been found in Singapore, the world's largest ship refuelling hub, according to sources and an alert sent to clients by a marine fuel surveying company.Singapore-based marine fuel surveyor and consulting firm Maritec Pte Ltd warned clients this week that six samples of ship fuel sold in Singapore had "resulted in severe sludging at centrifuges…
Baltic Index Slips on Lower Capesize Rates
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Friday for the third straight session, hurt by lower capesize rates.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 32 points or 1.9 percent to 1,676 points.* The index fell 1 percent this week, the first decline in five weeks, even…
