SBM Offshore Signs up with SolstadFarstad for Normand Installer
Norwegian offshore shipping company Solstad Farstad has renewed its frame agreement with SBM Offshore for the charter of the construction support vessel (CSV) Normand…
Arkon Shipping Rolls-out New Chartering JV
German shipmanager Arkon Shipping has teamed up with a number of compatriot firms to form Arkon Allied Container (AAC), a new chartering joint venture.AAC was founded…
Vinalines Mulls USD 210mln IPO
Vietnam’s government is targeting to raise VND4.89 trillion ($210 million) from an initial public offering (IPO) of Vietnam National Shipping Lines (Vinalines) scheduled on September 5…
d’Amico International Sells, Leaseback MT High Loyalty
d’Amico International Shipping, an international marine transportation company operating in the product tanker market, announced that its operating subsidiary d’Amico…
Singapore, Wilhelmsen Ships Service Pact for Maritime Drone
Wilhelmsen Ships Service has been selected to help develop the future Unmanned Aircraft Systems (UAS) regulatory framework for Singapore and will receive dedicated…
Seaborne Reefer Trade Continues to Expand: Drewry
Despite moderating perishable seaborne trade growth, continued modal shift will sustain expansion in the containerised reefer trade and so support freight rate development…
Workboat Apprenticeship Program Launched
The National Workboat Association (NWA), the safety standards, skills and trade association for the workboat industry, has announced that the Workboat Crewmember Apprenticeship standard has been finalized, paving the way for the scheme to be rolled out this summer by training providers across England and Wales.The development of the Apprenticeship comes in response to a growing skills and crewing challenge highlighted by NWA members and the wider maritime sector…
Aqualis Offshore to Position Egina FPSO
Aqualis Offshore has been handed the position keeping role for installation of the floating production storage offloading unit (FPSO) at Total’s Egina field offshore Nigeria.EPCIC contractor for the $3.3 billion FPSO, Samsung Heavy Industries, has awarded the position keeping work to Aqualis Offshore. The newbuild Egina FPSO was towed from South Korea and arrived in Nigeria in late January for final…
RWO Veolia to Present New Products at SMM
RWO Veolia is presenting its new products RWO-CBM and OWS-Controller at this year's leading trade fair SMM, focusing on the main topics of smart shipping and green technology. The products are milestones in the development of a fully digitalized system maintenance and will already make the operation of water treatment plants on ships and offshore platforms much more efficient, transparent, safe and environmentally friendly.
Seized Superyacht Linked to 1MDB Probe Arrives in Malaysia
A $250 million superyacht, impounded as part of a hunt for assets linked to the multi-billion dollar investigation into 1Malaysia Development Bhd, arrived at a port…
Maritime Thought Leadership: Christopher J. Wiernicki, ABS
The maritime industry has been challenged, to say the least. Today, where do you see challenge? Where do you see opportunity?It’s clear our business environment continues to change and we have a new definition of what normal means: nothing is normal. We are in era of rapid, disruptive and impactful change.The coming years will bring further turbulence, shaking out our industry and setting the course for the next 20 years and beyond.
Royal Navy Monitors Russian Warships in English Channel
A British destroyer has shadowed two Russian warships as they passed through the English Channel for the second time this year, the Royal Navy said.HMS Diamond sailed from Dover as the destroyer Severomorsk and cruiser Marshal Ustinov passed by on Tuesday.“This is routine business for the Royal Navy and the second time my ship’s company have undertaken such an escort duty this summer,” said Commander Ben Keith of HMS Diamond.In January…
Peak Season Promises Better Box Freight Rates -MSI
After a pattern of divergence at the start of the year, July saw a modest realignment between charter and freight markets as liner operators react to cost pressures and the wider industry awaits the impact of the potential trade war between the U.S. and China, according to the latest Container Shipping Forecaster from MSI.Following an impressive run since the end of 2017, timecharter earnings have leveled off in recent weeks…
Great Workboats of 2018: Apply Now
Will your vessel be honored as a “Great Workboat of 2018” in the December 2018 edition of Marine News?Every year, Marine News profiles the most outstanding vessels built in shipyards in North America, recognizing builders, owners and designers as leaders in their field. This edition — the much anticipated end-of-the-year edition — generates much excitement, as your work is profiled and delivered to…
Norden Lowers Its Expectations for Adjusted Result
Danish shipowner Norden has lowered its expectations for the adjusted result for the year to $0 to 30 million, down from $10 to 50 million, citing a weaker than expected tanker spot market.Norden's expected full-year result for its tanker business has been revised down to a range of -$35 to -20 million (previously -$15 to 5 million) after an adjusted result of -$8 million was recorded for the second quarter.
Chinese Exports Accelerate Even as Trade War Escalates
China's exports surged more than expected in July despite U.S. duties and its closely watched surplus with the United States remained near record highs, as the world's two major economic powers ramp up a bitter dispute that some fear could derail global growth.In the latest move by President Donald Trump to put pressure on Beijing to negotiate trade concessions, Washington is set to begin collecting 25 percent tariffs on another $16 billion in Chinese goods on Aug.
Thordon Bearings, Heddle Marine Partner for Propeller Shaft Conversions
Thordon Bearings Inc. and Heddle Marine Service Inc. have signed a cooperative agreement under which the Canada-based ship repair company will work together with Thordon Bearings Inc. to promote the conversion of ships’ oil lubricated propeller shafts to Thordon’s COMPAC open seawater lubricated bearing system.The agreement will create an action plan in which a specialist team, comprised of Heddle Marine and Thordon Bearings’ personnel…
Cargo Ship Collides with Yacht off England
Two sailors have been rescued after their yacht collided with a cargo ship off Dungeness, Kent.HM Coastguard received a Mayday from the yacht following the collision…
Tellurian to Start Building Louisiana LNG Export Terminal in 2019
U.S. liquefied natural gas company Tellurian Inc said on Wednesday it remains on track to begin construction of its Driftwood LNG export terminal in Louisiana in the first half of 2019 and begin operations in 2023.Tellurian President and CEO Meg Gentle said in the company's second-quarter earnings release that Tellurian is on schedule to announce its partners in the Driftwood project in the third or…
MSC Cruises Pact for USD 1.7bln Loan for New Seaside EVO Ships
Cruise liner MSC Cruises has reached an agreement for an EUR 1.5 billion (USD 1.74 billion) financing for two new Seaside EVO class cruise ships.BNP Paribas, Unicredit…
