Rotterdam Port to Replace Slopes to Clean-up of Oil Pollution
The Port of Rotterdam Authority is to replace a section of the slopes stretching over more than 9 kilometres that have been contaminated by the Bow Jubail oil spill.The…
Yamal LNG Commissioned in Record Time
Russia’s PAO Novatek has launched a second liquefied natural gas (LNG) production train at its plant on the Yamal peninsula ahead of schedule.Russia's largest independent…
WFW Advises CMBFL on Sale, Leaseback of 15 Dry Bulker
Watson Farley & Williams (WFW) has advised CMB Financial Leasing (CMBFL) on a US$180.4m sale and leaseback transaction with Star Bulk Carriers Corp, a Nasdaq-listed…
Kalmar and HHLA in Straddle Carrier Pact
Kalmar, part of Cargotec, has concluded a deal with Hamburger Hafen und Logistik AG (HHLA), the leading European port and transport logistics group, to supply a…
Euronav Updates on Gener8 Merger
The acquisition of Gener8 resulted in the recognition of a gain on bargain purchase on business combination of USD 36.3 million being recorded in the consolidated…
Star Bulk Carriers Back in Black
Star Bulk Carriers has announced a net income of US$10.73 million for the second quarter of 2018, a significant improvement over the company’s net loss of US$10.28…
ZIM Annouces New Asia - America Network with 2M
Zim Integrated Shipping Services (ZIM) has announced the new Strategic Partnership Agreement with the 2M alliance, details of the new improved Asia - U.S. East Coast…
Diana Containerships TC Contract for m/v Pamina with HMM
Diana Containerships announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Hyundai Merchant Marine Co., Ltd.…
Gas to Become World's Primary Energy Source by 2035
Oil and gas will be crucial components of the world’s energy future, according to DNV GL’s forecast of the energy transition. While renewable energy will grow its share of the energy mix…
Weeks Marine Invests in Maritime Program at Louisiana College
Weeks Marine, Inc. visited Northshore Technical Community College (NTCC) in Lacombe, La. on July 18 to announce major contributions, totaling $500,000, to support the college’s maritime training program and scholarship fund.Richard “Dick” Weeks, Chairman of Weeks Marine, travelled from the company’s headquarters in Cranford, N.J. to view progress on the construction of NTCC’s second building at the Lacombe Campus. A longtime supporter of higher education and workforce training, Mr.
Armstrong Marine Delivers Catamaran in Nimmo Bay
The M/V Fathom, a 35’ x 13’ asymmetric catamaran, recently arrived at Nimmo Bay Wilderness Resort in British Columbia, Canada. Boat builder Armstrong Marine partnered with Jutson Marine design to expand the resort’s fleet in 2018.According to designer Scott Jutson, the new vessel is “unique in both function and style.”Twin Yamaha 350hp outboards, paired with SeaStar Pro steering, power the high-performance catamaran…
MarAd Awards $4.8 Mln for Marine Highway Projects
Nearly $5 million in grant funding awarded this week will help enhance existing marine highways serving ports in Louisiana, Virginia, New York and Connecticut, and support the development of new container-on-barge services in Kentucky and Rhode Island.On Wednesday, U.S. Department of Transportation Secretary Elaine L. Chao announced $4,872,000 in grants for six projects through the Maritime Administration’s (MARAD) Marine Highway program…
Trelleborg's Safepilot for Shell's Brent Data Decommissioning Project
SafePilot from Trelleborg’s marine systems operation helped to pilot Allseas’ 200 meter-long barge, Iron Lady, from the Tees Bay to Able UK’s Seaton Port in Hartlepool which transported Shell’s 24,200 ton Brent Delta topside to Able’s facility on May 2, 2017.The Shell-operated Brent field, is located 115 miles east of the Shetland Islands, in 140 meters water depth, and has been in production since 1976.
AIS Transponders to be Showcased at SMM
Ocean Signal is highlighting the ATA100 Class A and ATB1 Class B AIS transponders when it joins forces will fellow exhibitor ACR Electronics to offer a comprehensive line-up of safety equipment at this year’s SMM in Hamburg.Offering fully compliant solutions to increase visibility, aid collision-avoidance and enhance navigational safety, the transponders are suitable for a wide range of vessels.Incorporating Ocean Signal’s trusted technology within a compact design…
Diana Containerships Announces Time Charter
Diana Containerships Inc. announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Hyundai Merchant Marine Co.…
Ship Performance Has a 80/20 Rule
The shipping industry risks investing billions of dollars on vessel optimization services that fail to deliver on overall operational efficiency and performance due to a lack of understanding and appreciation of weather which accounts for 80 percent of the impact on vessel performance warns voyage intelligence and insight specialist StratumFive.As vessel performance optimization becomes increasingly more sophisticated…
New Rescue Vessel Delivered to Sentinel Marine
Aberdeen-headquartered operators of offshore support vessels Sentinel Marine said it has taken delivery of the latest vessel to join its fleet. The Bailey Sentinel, constructed in China, is now en route to Aberdeen and is due to arrive in early September. The new emergency response and rescue vessel (ERRV) will operate rescue and recovery services for a major North Sea oil field operator following sea trials.
Rolls-Royce Unveils Stabilizer for Ice Class Ships
The latest version of Rolls-Royce stabilization systems adds the potential for ice class ships to benefit from the company’s Stabilization-at-Rest (SAR) concept.The SAR system, incorporated to both the Aquarius and Neptune ranges of Rolls-Royce retractable stabilizers, employs active fin control technology and advanced hydrodynamic design to deliver higher levels of roll reduction when the vessel is at rest…
De-risking the FPSO Renaissance
Floating production, storage and offloading vessels (FPSOs) are in the ascendancy. The total FPSO market is now expected to grow to over $117 billion by 2024. A combination of factors, such as the recovered oil price and renewed interest in deeper, more marginal new reserves, have made these vessels the understandable choice for an industry that still remembers the travails of 2014.But nothing can be taken for granted. With an uptick in activity, operators need to be wary of supply-chain risks.
Jack-up Completes Major Crane Refit
Brave Tern, the 132-meter jack-up operated by Fred. Olsen Windcarrier AS, has completed a major crane refit at Damen Shiprepair Amsterdam.The main operation was the insertion of a 20-meter section into the main boom of the 800-tonne crane, allowing it to reach a height of 120 meters. This upgrade now allows it to install and maintain the next generation of wind turbines.The operation to insert the additional section took 30 days in total.
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