Gasum Acquires Skangas
Energy company Gasum has increased its shareholding in Norwegian liquefied natural gas (LNG) provider Skangas to 100%. The acquisition strengthens a key element…
Arctic Sea Ice is Youngest and Thinnest Now
The Arctic Ocean's blanket of sea ice has changed since 1958 from predominantly older, thicker ice to mostly younger, thinner ice, according to new research published…
BHP Drones in Ocean Freight Ops
International resources company BHP has started introducing drones into its ocean freight operations, providing enormous safety benefits and efficiency gains.While still in the trial phase…
Marshall Islands Confirms No Class Certificate Surcharge
International Registries, Inc. and its affiliates (IRI) has announced that the Republic of the Marshall Islands (RMI) Registry will not follow competitors by levying…
EU Guarantees Port Reception Facilities
The Transport Committee of the European Parliament adopted earlier this week the final report on the Port Reception Facilities and gave a mandate to the Rapporteur…
MOL Plans to Install Voyage Information Display System Using AR Technology
Mitsui O.S.K. Lines (MOL) announced plans to launch the experimental use of a system that supports ship operation during voyages using augmented reality (AR) technology…
MSC Adds New Rail Service in Spain
MSC Mediterranean Shipping Company is launching a new rail service to bring agricultural cargoes from Spain closer to the international markets.The transportation…
AET Names its First LNG-Fueled Aframax Pair
Petroleum and chemical tanker owner and operator AET Tankers has named and welcomed its first LNG dual-fuelled aframax vessels, Eagle Brasilia and Eagle Bintulu.According…
Indian Ports Register Growth 5.12% During April to September, 2018
The major ports in India have recorded a growth of 5.12% and together handled 343.26 Million Tonnes of cargo during the period April to September, 2018 as against…
DP World Launches Expansion of Port in Somaliland
Dubai state-owned port operator DP World launched on Thursday a $101 million project to expand a port in the breakaway region of Somaliland.Somaliland broke away from Somalia in 1991 and has acted as a de-facto independent state since then but is not internationally recognized. The United Arab Emirate's Dubai government owns DP World.The port in Berbera exports camels to the Middle East and imports food and other items…
Paving the Way for 3D Printing in Naval Shipbuilding
A U.S. shipbuilder’s piloting of new technologies is redefining the future of the naval engineering and shipbuilding industries.Huntington Ingalls Industries’ (HII) Newport News Shipbuilding division, in collaboration with the U.S. Navy, has led the adoption of additive manufacturing of metal components for nuclear-powered warships as part of HII’s digital transformation.This technological development…
How the Coast Guard Supports the Shipbuilding Industry
The U.S. Coast Guard is known for saving lives at sea, but did you know the service plays a huge role in the economy, too?As a regulatory entity, the Coast Guard conducts marine inspections on vessels entering United States ports to make sure the vessels do not pose a safety, security, or environmental threat to the country. With 90 percent of U.S. imports and exports entering or exiting the country by ship…
Maritime Administration Issues RFP for NSMV Training Vessels
Vessel Construction Manager Will Deliver National Security Multi-Mission Vessel. Today, the Maritime Administration (MARAD) released a Request for Proposal (RFP) to solicit for a Vessel Construction Manager (VCM) to deliver a new class of training ships referred to as a National Security Multi-Mission Vessel (NSMV). The VCM selected by MARAD will contract with a qualified shipyard to ensure that commercial…
Huntington Ingalls Industries Promotes Schwartz
U.S. shipbuilder Huntington Ingalls Industries (HII) has promotedf Garry Schwartz to president of its Mission Driven Innovative Solutions (HII-MDIS) group, part of its Technical Solutions division. He will be based in the Fairfax office and will be responsible for the overall leadership, performance, culture and growth of the HII-MDIS business.Schwartz was most recently the vice president and general manager of the training, cyber and engineering business unit within HII-MDIS.
AXA XL Launches North America Workboat Insurance
AXA XL's North America marine insurance business is expanding its reach in the marine insurance market with a new policy specifically designed and delivered to address workboat risks.“Our new workboat policy represents the continued extension of our risk appetite and underwriting expertise to address a wider array of marine risks,” said Anne Marie Elder, AXA XL Chief Underwriting Officer for Marine in the North America.
US Navy Returns to Israeli Port in Sign of 'Deep Alliance'
A U.S. Navy warship has docked in the southern Israeli port of Ashdod, the first such visit there in almost 20 years, in what officials from both sides hailed as a sign of their strong ties in the face of shared adversaries like Iran.Foreign navies generally prefer northern Haifa as their Israeli port of call, so the destroyer USS Ross's arrival at Ashdod potentially signaled Washington's interest in broadened berthing options for its Mediterranean Sixth Fleet."This visit has significance.
Boskalis Nominates van Noort as New CFO
Royal Boskalis Westminster N.V. has nominated Carlo van Noort to be appointed as Chief Financial Officer (CFO) of Boskalis at the Annual General Meeting of Shareholders (AGM) in May 2019.
Panama Canal Sets Record Annual Cargo Tonnage
The Panama Canal closed its 2018 fiscal year with a record tonnage of 442.1 million Panama Canal tons (PC/UMS), which represents a 9.5 percent increase from the previous year, the Panama Canal Authority reports.With this tonnage, the Panama Canal surpasses the cargo projections of 429.4 million PC/UMS tons for FY 2018, as well as the 403.8 million PC/UMS tons registered in FY 2017."The Panama Canal continues to exceed our expectations…
Fredriksen's Flex Raises $300 Mln for LNG Newbuilds
Flex LNG, controlled by Norwegian-born billionaire John Fredriksen, has raised $300 million in a private placement of shares to help pay for five new vessels costing $918 million, it said on Thursday.
Major Hull Section for American Harmony Moved To Launchways
American Harmony’s lower bow section has moved from Fabrication Building #4 at Chesapeake Shipbuilding to the Assembly Launchways. The second new ship in American Cruise Lines five-ship, modern riverboat series is well on its way to completion.American Harmony, like American Song (which just made its inaugural sailing earlier this month), will be equipped with every technical advancement and offer the best in contemporary design including a magnificent five-story glass atrium.
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