Diana Shipping Appoints Directors and Executive Officers
Diana Shipping announced that, effective August 1, 2018, the Company increased the size of its Board of Directors from nine to eleven members.The global shipping…
IMO Workshop on Secure Shipping in Asia
Shipping forms the backbone of world trade, transporting around 80% of global trade by volume. No other method of mass transportation is as cost-effective or fuel-efficient.Each day…
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…
McDermott Pipelayer Set for Major Refit
The Netherlands based Royal IHC said it has been awarded a contract to modify McDermott International Inc.’s pipelay and construction vessel Amazon. The scope includes the delivery of an innovative and complete J-lay system to the Houston based company.IHC will be responsible for the overall management of the modification project, from the design through to the integration of the new equipment. It includes the construction and installation of the IHC-designed and patented J-lay system…
Yale Cordage Acquires Largest Test Bed in Eastern US
Yale Cordage announced its acquisition of a Sahm Splice test bed, with capacity for destructive and non-destructive testing of synthetic rope, wire rope, shackles, chain and slings up to 1,300,000 pounds in tensile and a low-range capacity of up to 250,000 pounds. With a maximum test sample length of 116 feet with a 15 foot stroke, it is one of the largest and most capable test beds in the eastern…
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Significant moments in naval architecture & marine engineeringCMA CGM announced in November 2017 that its nine new 22,000 TEU containerships would be equipped with engines fueled by liquefied natural gas (LNG), an industry first. The series' first two vessels are currently being built in China for expected delivery in 2019.The October 2018 edition of Maritime Reporter & Engineering News, the world’s largest audited circulation maritime magazine serving the maritime b2b space…
Ingalls Begins Fabricating US Warship LPD-29
Huntington Ingalls Industries (HII) started fabrication of the 13th LPD-17 San Antonio class ship, LPD-29, July 30, at its Ingalls Shipbuilding yard in Pascagoula, Miss. The start of fabrication signifies that the first 100 tons of steel have been cut."We are excited to commence fabrication on the 13th and final ship of the LPD-17 Flight I class," said Capt. Brian Metcalf, LPD 17 class program manager for Program Executive Office Ships.
LNG Trade to Grow by 11% in 2018 -Clarksons
The liquefied natural gas (LNG) trade is expected to achieve further growth of 11 percent for 2018, according to a recent report from Clarksons Research. The forecast comes on the heels 2017's 9 percent growth to 929mt. By comparison, the LNG trade averaged 0.3 percent growth from 2012 to 2015.“Global trade in LNG has moved into a strong growth phase, with a 9 percent increase in 2017 expected to be followed by further growth of 11 percent in 2018…
Hull Cleaning Robot Aids Oil Spill Response
After the recent oil spill disaster of the Bow Jubail in the Port of Rotterdam, Fleet Cleaner has stepped up to help the authorities with cleaning ship’s hulls which were fouled by the heavy fuel oil, in order to minimize the environmental impact. Within record time, Fleet Cleaner has transformed its installation to an oil spill response vessel; by installing specialized heating equipment, the high pressure water cleaning robot was made ready for high pressure steam cleaning.
Baltic Index Continues to Rise on Firmer Capesize Demand
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Wednesday for the third consecutive session, boosted by stronger demand for capesize vessels.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 13 points, or 0.7 percent, at 1,760 points.* The capesize index gained 44 points, or 1.3 percent, at 3,515 points, its highest since Dec.
LNG Carrier Completes Record Arctic Transit
An icebreaking liquefied natural gas (LNG) carrier has completed a record journey through the Northern Sea Route (NSR) in the Arctic.The Christophe de Margerie owned and operated by Sovcomflot (SCF Group) covered the distance of 2,360 nautical miles eastward through the NSR, from the port of Sabetta (Yamal Peninsula) to Cape Dezhnev (the Bering Strait), in seven days and 17 hours, a new record time for a merchant ship without icebreaker support during the month of July.
35 Seafarers Kidnapped in Gulf of Guinea in 2018 -Report
Nigerian pirates have kidnapped 35 seafarers from vessels in the Gulf of Guinea so far this year, according to security firm EOS Risk Group.Nigeria continues to be the world’s epicenter for piracy activity. From January through June 2018, EOS recorded 34 Nigerian pirate attacks on merchant and fishing vessels in the Gulf of Guinea. These attacks resulted in the kidnap of 35 seafarers for ransom and the hijacking of several vessels…
NYC Ferry Adds Two New Routes
Two more routes will be added to New York City's popular new ferry service, connecting millions of New Yorkers to new neighborhoods, growing job centers, housing and more.The new Soundview and Lower East Side routes will be launched later this month, according to the New York City Economic Development Corporation (NYCEDC) and NYC Ferry operated by Hornblower.The Soundview Route will launch on August 15…
New US Riverboat American Song Nearly Complete
American Cruise Lines' new vessel, American Song, the first modern riverboat in U.S. history, is nearly complete.This week, American Song, under its own power, moved from the East Outfitting Basin at Chesapeake Shipbuilding in Salisbury, Md., to the yard’s outfitting bulkhead for the final outfitting touches.American Song is set to make its inaugural cruise October 6, 2018 on the Mississippi River from New Orleans.
Trump Bets on New European LNG Terminals
U.S. President Donald Trump expects the European Union to fund 9 to 11 liquefied natural gas (LNG) ports to absorb "vastly" more shipments from the United States but current EU investment in new projects will only help open small markets.In a White House press conference with Italian Prime Minister Giuseppe Conte late on Monday, Trump said part of the U.S.-EU trade talks sought to expand America's…
Fugro H1 Profit Boosts Shares
Dutch deep-sea prospector Fugro on Wednesday surprised the market with a first-half profit, driven by strong growth in offshore wind projects, sending its shares sharply higher.The company, hit by a downturn in the oil sector in recent years, reported first-half earnings before interest and tax (EBIT), excluding exceptional items, of 4.0 million euros ($4.7 million) compared with a year-earlier loss of 25.3 million euros.Analysts in a poll conducted for the company had on average expected an EBI
France Confirms Fincantieri-STX Shipyard Deal, Cautious on Defense Merger
The French government continues to support Italian shipbuilder Fincantieri's takeover of STX France, finance minister Bruno Le Maire said on Wednesday, but cautioned against hastening a related defense naval merger.Speaking in Rome after a meeting with the Italian government, he told journalists France had not changed its position on the deal, quelling concerns the takeover could be hampered by tenser relations between Paris and Italy's new anti-establishment government.However, he warned agains
Kalleklev Takes Over as CEO of FLEX LNG
Liquefied natural gas (LNG) carrier owner and operator FLEX LNG has appointed Øystein M. Kalleklev as Chief Executive Officer to replace Jonathon Cook, who resigned in May.Kalleklevm…
China's New Shenzhen Terminal Receives First LNG Cargo
China National Offshore Oil Company (CNOOC) started operating a new import facility in southern China for liquefied natural gas (LNG), state media reported on Wednesday.The terminal in the city of Shenzhen, near Hong Kong, on Wednesday received a 93,000-tonne LNG cargo from Qatar, Securities Daily reported, making it the state firm's ninth LNG terminal in operation.The new facility has four tanks each sized 160,000 cubic meters and a berth able to dock 266,000 cubic-meter tankers, with annual ha
