Damen’s 3rd Annual Workboat Festival
Last Thursday, Damen Shipyards Gorinchem hosted the Damen group’s third annual Workboat Festival. The event brought together more than 200 customers, media and industry partners, and 34 workboats, for an afternoon of presentations, demonstrations, product displays and interactive exhibits.The workboats ranged in size from ten-meter Stan Launches and Stan Tugs up to a 72-meter Stan Pontoon. In between were Fast Crew Suppliers…
Great Lakes Limestone Trade Rises in September
Shipments of limestone on the Great Lakes totaled 3.6 million tons in September, an increase of 3.7 percent compared to a year ago, the Lake Carriers’ Association (LCA) reported. Limestone cargos also bettered the month’s five-year average by 8 percent.According to the LCA, Loadings from U.S. quarries totaled 2.9 million tons, an increase of 1.8 percent, or 54,000 tons compared to a year ago. Shipments from Canadian quarries totaled 685…
CNOOC to Expand Jiangsu Binhai LNG Project
China's CNOOC plans to expand its LNG project in eastern Jiangsu province to meet rising demand from more regions, state-media China News reported citing a project manager from CNOOC.CNOOC will lift t
Norway Expects Gas Export Price to Fall Until 2021
Norway expects its gas export price to fall by more than a quarter by 2021 as increasing global liquefied natural gas (LNG) supplies outstrip growth in European demand.Norway's 2019 fiscal budget on Monday showed it expects the average price for Norwegian gas to fall to 2.05 crowns/standard cubic meter (sm3) and reach a low of 1.70 crowns/sm3 by 2021, then rebounding in 2022.The projections are higher than what Norway, Europe's second largest gas supplier after Russia, was expecting in its revis
Hapag-Lloyd to Introduce Cleaner Fuel Charges from 2019
German container shipping giant Hapag-Lloyd said on Monday it is preparing customers for a mechanism to charge more for cleaner fuel starting next year to comply with tighter environmental rules.The Hamburg-based firm said on Monday that it has developed what it will call a marine fuel recovery mechanism (MFR), which it will gradually introduce from Jan.
Baltic Index Dips on Weakened Capesize Rates
The Baltic Exchange's main sea freight index, tracking rates for ships transporting dry bulk commodities, fell on Monday, hurt by weaker demand for capesize vessels.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, shed 6 points, or 0.4 percent, to 1,530 points.The capesize index lost 39 points, or 1.9 percent, to 2,042 points.Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, were
Ensco to Buy Rowan in $2.38 Bln Deal
Offshore driller Ensco Plc said on Monday it plans to buy smaller rival Rowan Cos Plc in an all-stock deal valued at $2.38 billion, as it looks to expand its fleet and benefit from a partnership with Saudi Aramco.This is Ensco's second deal since OPEC-led efforts boosted oil prices in the second half of 2016. Ensco bought rival Atwood Oceanics in a similar deal last year.Rowan shareholders will receive 2.215 Ensco shares for each share held.
NOAA's National Hurricane Center: Michael Expected to Become a Hurricane
The National Hurricane Center has announced a Hurricane Warning is in effect for the Cuban province of Pinar del Rio. A Hurricane Watch is also in effect for the Alabama-Florida border to Suwannee River Florida.A Tropical Storm Watch is in effect for Suwannee River to Anna Maria Island Florida, including Tampa Bay and for the Alabama-Florida border to the Mississippi-Alabama borderAt 700 AM CDT (1200 UTC)…
BW LPG: Proposal to Combine with Dorian Withdrawn
BW LPG Limited (BW LPG) announced that it has withdrawn its proposal to combine with Dorian LPG Ltd. (Dorian). BW LPG will also withdraw the candidates it previously intended to nominate to stand for election to the Dorian board at Dorian’s 2018 Annual Meeting of Shareholders.BW LPG also announced that the following letter has been sent on October 8, 2018 to the Chairman, President and Chief Executive Officer of Dorian:Mr.
BY THE NUMBERS: U.S. Coast Guard - AWO Annual Safety Report
Issued at the National Quality Steering Committee (NQSC) meeting on July 31, 2018, the American Waterway Operators (AWO) and the U.S. Coast Guard (USCG) issued their…
Gulf Island Shipyards Sues Hornbeck Offshore
Gulf Island Shipyards (GIS) has sued Hornbeck Offshore over what it says is the wrongful termination of two shipyard construction contracts for the final two vessels…
Canada’s Arctic Offshore Patrol Ship Named Harry DeWolf
Thousands of Halifax Shipyard shipbuilders, along with the ship’s company, joined Government of Canada and Royal Canadian Navy representatives to celebrate Madame Sophie Grégoire Trudeau…
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