Repsol to Buy LNG from Venture Global
Venture Global LNG announced that it has entered into a 20-year, binding Sales and Purchase Agreement (SPA) with Repsol for the supply of one million tonnes per…
Wilhelmsen, Ivaldi Group Pact for 3D Printing of Marine Parts
Wilhelmsen has partnered with Ivaldi Group to deploy an additive manufacturing facility in the Wilhelmsen Ships Service’ facilities in Singapore. The local micro…
China Launches New Marine Satellite
China successfully launched a new marine satellite into orbit yesterday (Friday) to help improve understanding of maritime waters and study the impact of climate change…
GoodBulk Gets New Credit Facility to Fund Vessel Acquisition
The bulk investment company focusing on vessels in the second hand market GoodBulk entered into a new credit facility with ING Bank for up to $73.0 million. This…
Pacific Drilling to Raise USD700mln for Restructuring
Pacific Drilling announced that a special purpose wholly owned subsidiary of the Company intends to offer $700 million aggregate principal amount of senior secured…
CMA CGM, Hapag-Lloyd Introduce ReUse in Mexico with Avantida
Avantida, an INTTRA company, announced that CMA CGM and Hapag-Lloyd, two of the world’s largest liner shipping companies, are offering reUse container management services in Mexico.
Viikki Delivered to ESL Shipping
Finland’s ESL Shipping, an Aspo Group company, has taken delivery of liquefied natural gas (LNG)-fueled bulker Viikki from the Jinling shipyard in Nanjing, China.Viikki's…
Mitsui E&S Shipbuilding Bags Order for Three Post Panamax Bulkers
Japanese shipbuilder Mitsui E&S Shipbuilding has developed "neo 87BC", an 87,000 DWT Post Panamax bulk carrier of next generation eco ship, and has received an order…
RWE Reserves German LNG Import Capacity
Europe’s leading energy companies RWE and German LNG Terminal GmbH, the joint venture driving forward Germany’s first LNG terminal in Brunsbüttel in Northern Germany…
Wintershall Awards Frame Deal to DOF Subsea
Norwegean-based international subsea operating company DOF Subsea said in a press release that it has been awarded frame agreement for marine subsea services from…
Blount Boats Wins Ferry Build Contract
Rhode Island boatbuilder Blount Boats said it has signed a contract with South Ferry Company to construct a new steel passenger/vehicle ferry for Shelter Island, N.Y.The 101’x 40’ double-ended ferry, to be named Southern Cross, will be built to carry a deck load of 260,000 pounds. The vessel will be a sister ship to two other Blount-built ferries designed by DeJong & LeBet for South Ferry, the Sunrise…
Tuco Delivers High Pressure Cleaning Boat for Akva Marine
Following deliveries of crew transfer boats and other ProZero workboats to Norway, Danish boatbuilder Tuco Marine said it has concluded another delivery of a 15m high-pressure cleaning boat to Norwegian AKVA Marine Services.The workboat is the second 15-meter high pressure cleaning boat that AKVA Marine has taken from Tuco. It was sold in collaboration with Tuco Marine’s local partner on the fish farming market.The 15m ProZero HPC boat is built from composite materials…
Shipping Industry Heads for Climate Protection
At gmec, the global maritime environmental congress (gmec) during SMM in Hamburg, high-profile business and science experts discussed how the global shipping industry can achieve the International Maritime Organization’s (IMO) environmental goals while continuing to provide its services at competitive prices.“We are at the beginning of a new chapter in the history of shipping,” said Tian-Bing Huang…
Eight Vessels Stalled at Sabine Pass Over Draft Restrictions
Eight vessels were stalled on Friday at the Sabine Pass Channel on the Texas-Louisiana border after 37-foot draft restrictions were put in place this week to allow search operations for a displaced pipeline, the U.S.
14,000-TEU ONE Aquila Delivered
Ocean Network Express Pte. Ltd. (ONE) announced it has taken delivery of the 14,00 TEU capacity ONE Aquila at Japan Marine United Corporation’s Kure Shipyard in Hiroshima.
​​​​Higher Panamax Rates Prop Up Baltic Index
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, inched up on Friday on stronger panamax rates, but the index still registered a third consecutive weekly decline.* The overall index, which factors in rates for capesize, panamax and supramax vessels, gained 6 points, or 0.4 percent, to 1,490 points.* The index, however, fell 5.6 percent in the week.* The capesize index lost 13 points, or 0.5 percent, to 2,411 points, falling 11.7 percent fo
US Navy Seizes Thousands of AK-47s in the Gulf of Aden
More than 2,500 AK-47 automatic rifles were seized from a stateless skiff in the international waters of the Gulf of Aden at the end of August.U.S. Navy sailors aboard the guided-missile destroyer USS Jason Dunham (DDG 109) discovered the illicit weapons shipment during counter-trafficking mission on August 28.The Navy said 2,521 guns were confiscated from the skiff, which was determined to be stateless following a flag verification boarding conducted in accordance with international law.
Damen Chairman Meets with Romania’s Economy Minister
The chairman and owner of Damen Shipyards Group met with the Romanian Minister of Economy this week to discuss the future of the shipyard jointly operated by the shipbuilding conglomerate and the Romanian government.The Dutch shipbuilding group became joint venture partners with the Romanian government in July when it acquired Daewoo Shipbuilding & Marine Engineering's (DSME) share in the Romanian shipyard formerly known as Daewoo Mangalia Heavy Industries.
Stena Bulk Charters Out MR Tanker Pair to Petrobras
Stena Bulk said it has signed a contract with Brazil's state-owned oil company to charter out a pair of MR product tankers for transporting refined products along the Brazilian coast. The two-year deal includes the option to extend the charters for another 11 months.The 47,000 dwt tankers, Stena Conqueror and Stena Conquest, were built in 2003 and 2004 respectively.“We have a long-standing, highly…
