Great Lakes-Seaway Shipping Boosted in June
United States grain exports via the St. Lawrence Seaway are up 32.1 percent this season compared to 2017. Construction materials were also heavily influential in the latest results with a nearly 38 percent increase in asphalt from the same time last year, as well as increases in cement and stone.“Summer is the season for construction projects and ships have been delivering materials for major building projects across the region,” says Bruce Burrows, President of the Chamber of Marine Commerce.
FPSO La Noumbi on Track for Q3 Delivery
Keppel Offshore & Marine said its Keppel Shipyard subsidiary is on track to deliver a floating production storage and offloading vessel (FPSO) to Dixstone holdings, an affiliate of the Perenco Group, on time in 3Q 2018.The FPSO, named La Noumbi at Keppel Shipyard today, will be deployed to the Yombo field operated by Perenco off the Republic of the Congo, Africa. It will be capable of producing 12…
Celebrity Edge Ready for Sea Trials
Newly constructed cruise ship Celebrity Edge, built by Chantiers de l’Atlantique for owner Celebrity Cruises, left her outfitting dock Wednesday to join Joubert dock from where she will leave Thursday night for first sea trials.The 315-meter Celebrity Edge, due for delivery later this year, is the first of four Edge Class vessels ordered from the French shipyard in December 2014.
House Approves Save Our Seas Act
New legislation approved by the U.S. House of Representatives on Wednesday aims to address maritime transportation safety issues raised by the El Faro sinking, promote the U.S. Coast Guard’s awareness of technologies that could help improve service mission performance, and reduce marine debris.The Save Our Seas Act (S. 756), which was approved in the House by voice vote, combines several pieces of bipartisan legislation recently approved by the Transportation and Infrastructure Committee.
Equinor Q2 Core Earnings Lag Forecasts
Norwegian oil and gas firm Equinor said on Thursday second-quarter adjusted operating income rose from a year ago but missed forecasts due to higher maintenance costs at its Norwegian fields.The company formerly known as Statoil also said it was too early to follow peers, such as Shell and Total , with share buyback programmes as it had investment plans to fund."We did not feel it was natural in the second quarter (to launch buybacks) because we have big projects and increased working capital.
Saudi Arabia Halts Red Sea Oil Exports after Tanker Attacks
Saudi Arabia said on Thursday it was suspending oil shipments through a strategic Red Sea lane after Yemen's Iran-aligned rebels attacked two tankers in the waterway…
Government Okays USD 1.2 bln for Korea Ocean Business Corporation
The government of South Korea decided to invest 1.35 trillion won (USD 1.2 billion) in Korea Ocean Business Corporation (KOBC). The compnay was created in order…
MV Priscilla Successfully Re-floated
The cargo ship MV Priscilla was successfully re-floated, said Her Majesty's Coastguard (HM Coastguard), a section of the Maritime and Coastguard Agency in UK.Following…
Hyundai Merchant Marine Joins NYSHEX
The New York Shipping Exchange (NYSHEX), the innovator of the first reliable digital forward freight contract for global container shipping, announced the addition…
Eurotainer Appoints APM Terminals as Agent for Argentina
Eurotainer US, Inc. has selected APM Terminals Inland Services Argentina as the exclusive agent for the sales and marketing of its tank container leasing services…
K Line Settles Lawsuit Against APL Logistics
APL Logistics and K Line have announced that they have settled in a legal dispute, that sparked when employees from the logistics company spread bankruptcy rumours…
IoT to Boost Revenues by USD 154 million: Inmarsat
The Industrial Internet of Things (IIoT) is set to make a sizeable contribution to the global economy by 2023. This is according to a new global study launched today by Inmarsat…
169 Ships Sold to South Asian Beaches for Breaking
Of the 220 ships broken in the second quarter of 2018, 169 were sold to be scrapped on the beaches of South Asia, says NGO Shipbreaking Platform.In the second quarter of 2018…
IMO Trains Honduran Maritime Security Officials
Honduras is hosting a workshop on the International Maritime Organization (IMO) regulation setting out preventive security measures in case of threats to ships and…
Envirocleanse Submits Application to US Coast Guard for Type Approval
Envirocleanse LLC, division of Charter Brokerage LLC, a BERKSHIRE HATHAWAY company, has announced the submission of an application to the US Coast Guard for Type…
Coast Guard Cutter Nathan Bruckenthal Commissioned
The U.S. Coast Guard commissioned North Carolina’s second Fast Response Cutter, the Coast Guard Cutter Nathan Bruckenthal, during a ceremony in Alexandria, Va., today.The 154-foot vessel was built by Bollinger Shipyards and is based on the Damen Stan Patrol Boat 4708. It was delivered to the Coast Guard in Key West, Fla. earlier this year.FRCs feature advanced command, control, communications, computers…
New Scholarship Established at SUNY Maritime
Rear Adm. Michael Alfultis, president of SUNY Maritime College, today announced the establishment of the Ruth Mulan Chu Chao and James Si-Cheng Chao Endowed Scholarship Fund as a permanent, need-based scholarship. The scholarship has been funded by Dr. James S.C. Chao, Founder and Honorary Chairman of Foremost Group, and his daughter, Ms. Angela A. Chao, Chairman and CEO of Foremost Group in honor of Dr. Chao and his late wife, Mrs.
Damen Partners with Clean Energy Startup
Damen Shipyards Group has signed a cooperation agreement of understanding with clean energy startup Skoon Energy to further advance the energy transition underway in the shipping industry.Skoon was founded in 2017 by Daan Geldermans and Peter Paul van Voorst, two students of the Delft University of Technology. The company focusses on the large-scale electrification of ships’ propulsion via management…
BAE Systems Delivers ‘Friend-or-Foe’ Antenna to US Navy
BAE Systems announced it has delivered its 150th OE-120 Identification Friend-or-Foe (IFF) antenna to the U.S. Navy. The antenna is used by sailors to identify friendly aircraft and vessels, and supports shipboard air traffic management systems for both IFF and secondary surveillance radars. It is currently on about 150 U.S. and allied ships worldwide, from frigates to aircraft carriers.Originally designed to support the Aegis Combat System…
Concordia Maritime Charters in Suezmax Tanker
Tanker owner Concordia Maritime announced it has moved to strengthen its positions in the crude oil segment by chartering in another suezmax vessel.The 158,000 dwt…
