Aalto Shipping Company Acquires New Ship
The Finnish Aalto Shipping Company started its operations in spring 2018. The Taaleri Group owned shipping firm acquired two modern ice-strengthened dry bulk carriers…
ATCO Buys 40% Stake in South American Port
Calgary-based natural gas, electrical and real estate giant ATCO is getting into the transportation business after buying a 40-per-cent stake in a South American…
BorWin Gamma Platform Sails Away
The offshore converter platform, BorWin gamma, has now safely set sail from Dubai and begun its journey to its offshore site in the German part of the North Sea.Through the Gulf of Oman…
Seven Major Ports Join Climate Action Program
Seven ports have now elevated the Paris Agreement Climate Goal to the top of their agendas to keep global warming well below 2°C.With their World Ports Climate Action Program announced…
GoodShipping Program Becomes First Fossil-Free Sea Cargo Transportation
The GoodShipping Program, which claims to be the world’s first global initiative established to decarbonise shipping through the use of sustainable low carbon marine fuels…
CMA CGM Celebrates 40 Years of Entrepreneurialship
40 years ago, on September 13th, 1978, Jacques R. Saadé launched the first maritime line between Marseilles and Beirut, with only one ship and 4 employees. The day…
The number of Seafarers in India rises over 1.5 times
The number of seafarers in India has increased by over 60,000. According to Union Minister of State for Shipping Mansukh L Mandaviya, while only about 92, 000 people were engaged in ship related jobs…
Eolfi Appoints Vincent Fromont as New CEO
Eolfi , a French developer specialised in floating wind projects, has appointed Vincent Fromont as Chief Executive Officer. Vincent Fromont, 47, is a senior onshore/offshore…
Venezuela Resumes Key Domestic Crude Exports to Cuba
Venezuela resumed supplying a key domestic crude to political ally Cuba this summer as the South American country's refining output fell further, according to internal documents from state-run oil firm PDVSA seen by Reuters.The shipments, which began in June and continued through August, totaled 4.19 million barrels of Venezuela's Mesa 30 crude, a type used to produce fuel at domestic refineries and to blend with heavier oil for export.Venezuela has supplied Cuba with oil under agreements since
Cosco Forms Joint Venture with Furuno
China’s Cosco Shipping Technology (CS Tech) has teamed up with Japan’s Furuno Electric and Heisei Trading to form a joint venture in the maritime navigation and communications market.The Shanghai based Cosco Shipping Furuno Navigation Technology will provide equipment, systems and related services for domestic and international shipping fleets as well as inland waterways vessels. The consortium will also examine future research possibilities concerning safer…
Havyard Bags Shipbuilding Contracts
Norway's Havyard Ship Technology said it has secured orders to build up to three vessels for a foreign customer in the offshore renewable energy sector.The contract…
Odfjell Says It Will Not Install Scrubbers
Chemical tanker firm Odfjell said it will not invest in scrubbers to clean fuel on its vessels to comply with new stricter emission rules from 2020 but instead buy fuel which meets the new standards.To combat air pollution, the International Maritime Organization (IMO), the United Nations' shipping agency, has set global regulations to cap the sulphur content in marine fuel, known as bunkers, at 0.5 percent, down from 3.5 percent now.Shipowners can either install scrubbers, which clean the cheap
Cachet Covers & a Boy's Fascination with Ships
Like many boys, Charles. F. “Bud” Kirby, Jr. loved ships. He had drawings, models, pictures, newspaper clippings, and scrapbooks. And, as his son, Don, recently learned, he had cachet covers of submarines.Bud would send stamped envelopes to the Electric Boat Company that he had addressed to himself in Watertown, Mass. These envelopes would be stamped with a commemorative cachet and then appropriately cancelled at Groton…
Damen Supplies Submersible Dredge Pump in Brazil
Brazilian civil engineering contractor has taken delivery of a new submersible dredge pump for creating an access channel into the sea for a new power plant currently under construction.The Damen DOP150 dredge pump is now in operation, creating the access channel for a critical pipeline for the plant’s cooling system and when completed it will extend 600 meters out into the sea. Over the course of the project the DOP150 is expected to remove around 30…
USCG Implements Handheld Technology for Onboard Oil Testing
With a motto of Always Ready, the United States Coast Guard (USCG) has 11 missions specified by law including drug and migrant interdiction; ports, waterways and coastal security; fishery patrols; search and rescue; and national defense. The USCG’s newest ships including 22 Fast Response Cutters (FRCs) recently entered service with 36 more on order and six new National Security Cutters (NSCs) with two more in the process of being built.
Singapore Marine Fuel Sales Declining
Sales of marine fuels in Singapore fell to a two-month low in August as fewer ships called for refueling at the world's largest bunkering hub, officialdata showed on Thursday.Marine fuel sales last month declined 9.2 percent from a year earlier and 1.8 percent from a month ago to 3.963 million metric tons, data from the Maritime and Port Authority of Singapore (MPA) showed.The decline in marine refueling activity…
Duke Energy to Shut N.C. Brunswick Nuclear Plant Ahead of Florence
Duke Energy Corp started to shut the Brunswick nuclear power plant in North Carolina ahead of Hurricane Florence, which is expected to strike the coast near the…
Navy, Coast Guard Assets Repositioned as Florence Threatens
Preparations underway all along the Eastern Seaboard. As Hurricane Florence threatens a wide swath of the U.S. East Coast, the U.S. Navy and Coast Guard are taking…
Iran Floats Surplus Oil as Demand Falls Ahead of US Sanctions
Two tankers carrying Iranian condensate, a type of ultra-light oil, have been floating off the United Arab Emirates for about a month as demand for the oil fell ahead of U.S.
Apples and Oranges When it Comes to Vessel Finance
Companies, lenders, and their auditors worldwide need vessel appraisals that can be relied upon when put into legal documents. As the offshore energy support markets awaken, this is more important now, than ever.While a great deal of shipping finance is done at a 10,000' level, with bond deals and equity swaps, the value of the assets found on ground level are still very important. There are taxation issues…
- 1
- 2
