MT-FAST Fuel-saving Device Installed on 500 Vessels
MT-FAST, a fuel-saving device jointly developed by NYK Group company MTI Co. Ltd. and Tsuneishi Holdings Corporation, has now been installed on over 500 vessels.
Fincantieri Marine Group Announces CEO Succession
Fincantieri Marine Group, the U.S. subsidiary of Italian based shipbuilding enterprise Fincantieri, announced that its President and Chief Executive Officer, Francesco Valente…
Iran Naval Drills Underway Amid Tensions with U.S.
The United States believes Iran has started carrying out naval exercises in the Gulf, apparently moving up the timing of annual drills amid heightened tensions with Washington, U.S.
Harvey Gulf Announces New BoD
Harvey Gulf International Marine’s parent, HGIM Corp., has announced the appointment of a new Board of Directors to serve following the company’s emergence from…
Israel Warns of Military Response if Iran Closes Red Sea Strait
Israel would deploy its military if Iran were to try to block the Bab al-Mandeb strait that links the Red Sea to the Gulf of Aden, Prime Minister Benjamin Netanyahu said on Wednesday.Last week…
Ship Repair: Damen Wins Stena Don Refit Contract
Damen Verolme Rotterdam (DVR) won a contract by Stena Drilling for a refit of its drilling rig Stena Don. The vessel is scheduled to arrive at the yard in October 2018 and is expected to remain there for around three months. The most significant aspect of the works will be the installation of an eight-point mooring system prior to the rig being deployed off the UK’s Shetland Islands.In advance of the vessel's arrival…
Teekay Speeds up ARC7 LNG Tanker Delivery
Teekay LNG Partners, part of the Teekay Corp group of companies, said on Thursday it had been asked to accelerate the delivery of an LNG tanker with Arctic credentials…
White House Escalates China Trade Dispute in hopes for Early Solution: Kemp
The United States has adopted an "escalate to negotiate" strategy towards China, threatening a dramatic hike in tariffs to try to force a resumption of trade talks while the U.S.
Analysis: Government Proposal 'Ill-informed' on Maritime Matters
On June 22, 2018, the Office of Management and Budget (OMB) issued a federal government reorganization proposal entitled “Delivering Government Solutions in the 21st Century”. The 132-page document is subtitled ‘Reform Plan and Reorganization Recommendations’. I have not read the entire report, but I have examined those portions that relate to maritime issues. I find those portions to be uniformly ill-advised.Associate Justice Oliver Wendell Holmes, Jr.
Baltic Index Inches Down on Weaker Panamax Demand
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Thursday, pulled down by lower panamax rates, which…
Bad Weather Stalls Bangladesh FSRU Hook Up
A vessel that arrived in Bangladesh in April to offload its maiden cargo of liquefied natural gas and moor permanently as an import terminal should begin operations "within a week" after bad weather hampered its start-up, an official said on Thursday.The floating storage and regasification unit (FSRU) will allow Bangladesh to import LNG for the first time as its domestic gas production falls and will…
Powered by China, Deutz Earnings Surge 37%
In its interim report for the first half of 2018, engine maker DEUTZ AG reports that in the first half new orders surged nearly 37 percent to €1.096 billion. Unit…
Rising Supply Dents Oil Gains
Oil prices fell for a third day on Thursday, following a surprise increase in U.S. crude inventories that added to existing concern about the rapid rise in global crude supply.Saudi Arabia…
Bhagwan Marine Expands Fleet
Just months after moving its corporate headquarters to Perth in order to strengthen relationships with Western Australia’s largest Oil & Gas clients, Bhagwan Marine…
FSL Trust Pact with Heidmar’s Sigma Pool for Two Vessels
Singapore-based FSL Trust Management (FSLTM), as trustee-manager of First Ship Lease Trust announced a new pool agreement for the two LR2 vessels, 2006 built and each 109…
Port of Amsterdam Doubles Discount for Green Ships
Port of Amsterdam said the maximum Environmental Ship Index (ESI) discount is doubled for ships with ESI certificates and liquefied natural gas (LNG).For some years…
Inland Waterways Authority of India Goes Online for Cargo Movers
The Inland Waterways Authority of India (IWAI) yesterday launched a dedicated portal to connect cargo owners and shippers with real time data on availability of…
Carl Stephen Patrick Hunter Joins Board of Trustees at RINA
Coltraco Ultrasonics Chief Executive, Carl Stephen Patrick Hunter, has been welcomed onto the Board of Trustees at The Royal Institution of Naval Architects (RINA)…
MOL Takes Delivery of LNG Schneeweisschen
Mitsui O.S.K. Lines (MOL) announced that the LNG carrier, LNG Schneeweisschen, jointly ordered by MOL and Itochu Corporation was delivered on July 31st at the Okpo…
Container Terminal Utilisation Levels Set to Rise: Drewry
The medium term outlook for global container port demand growth is positive thanks to strong underlying economic momentum across the world’s major economies. While…
