Petrogas Extends Maersk Resolute Contract
Petrogas E&P Netherlands B.V. has exercised an option with Danish driller Maersk Drilling to extend the current contract of jack-up rig Maersk Resolute in the Dutch…
European Shipowners Hail EU-Singapore Trade Pact
The European Union and Singapore signed three agreements to take their political, trade, and investment relations to a new level as the landmark trade deal aims…
Gagarin Prospect Performs Ship-to-Ship LNG Bunkering
The large-capacity Aframax tanker "Gagarin Prospect", owned by Russia's SCF Group, successfully implementated construction and operation commencement using LNG as the primary fuel.Konstantin G.
Wallem, Zeaborn Choose Verifavia Shipping for EU MRV Monitoring
Wallem Ship Management in Hong Kong and Zeaborn Ship Management in Hamburg have chosen Verifavia Shipping for European Union (EU) Reporting and Verification (MRV)…
Clean Arctic Alliance Calls for Renewing Commitment to HFO Ban
Clean Arctic Alliance called on member states to “renew their commitment” so that a ban on the use and carriage of polluting heavy fuel oil (HFO) from Arctic shipping…
Qatar Navigation Undergoes Digital Transformation
Qatar-based maritime and logistics conglomerate Qatar Navigation (Milaha) has signed an agreement with Oracle Cloud applications to drive a major digital transformation…
MethaShip Project Projects Methanol as Future Fuel
The Methanol Institute has welcomed the findings of the MethaShip research project which has concluded that renewable Methanol offers a long term solution for the…
Marine Environment Protection Committee to Address Sulphur Limit Implementation
International Maritime Organization (IMO)'s Marine Environment Protection Committee (MEPC 73) has begun a busy session (22-26 October).On Monday, the MEPC moved…
Scrubber-fitted Dry Bulk Vessels to Command Premiums -MSI
A two-tier market will reward early adopters with higher timecharter rates and asset values as cost of low sulphur fuel increases dramatically, says research and consultancy firm Maritime Strategies International (MSI).According to MSI, scrubber-fitted dry bulk vessels could be earning a significant premium over those burning more expensive low sulphur fuel and higher asset values will reward those…
Petrobras Receives $149 Mln from SBM in Leniency Deal
Brazilian state-run oil company Petroleo Brasileiro SA has received an initial payment of 549 million reais ($148.92 million) from Dutch marine engineering group SBM Offshore as part of a 1.22 billion-real leniency deal, the Brazilian government said on Monday.As a result of a long-running corruption investigation, SBM was accused of paying bribes to secure contracts with Petrobras, as the state-controlled oil company is known.($1 = 3.6866 reais)(Reporting by Alexandra Alper; editing by Jonathan
Crowley Christens LNG ConRo El Coquí
Crowley Maritime Corp. on Saturday christened its Commitment Class combination container/roll on-roll off (ConRo) ship El Coquí, which is among the first of its kind to be powered by liquefied natural gas (LNG).The Jones Act compliant vessel is the first of two built as part of Crowley’s Commitment Class project and a key new component in the company’s supply chain transformation in the U.S. mainland-Puerto Rico trade.
MarineMTS Strikes Equity Deal with SRH Marine Electronics
Stonehaven-based marine technology company MarineMTS has struck an equity funding deal with SRH Marine SAIT (trading as SRH Marine Electronics). The deal will see the North-east business benefit from a multimillion dollar funding package, and through SRH Marine’s existing customer base, unlock access to approximately 15,000 vessels which could benefit from MarineMTS’ latest ‘Silverbox’ technology.
Marshall Islands Confirms No Class Certificate Surcharge
International Registries, Inc. and its affiliates (IRI) announced that the Republic of the Marshall Islands (RMI) Registry will not levy surcharges and commissions…
Ferry Hits Yachts in Heavy Fog off Isle of Wight
A ferry collided with at least two yachts and then ran aground in heavy fog off the Isle of Wight in southern England on Sunday, the Maritime and Coastguard Agency…
Med Marine's New Tug Fleet Completed
With the new tug MED XXIX recently put into service, Turkey-based Med Marine’s new fleet of six vessels is now complete. The ASD-type tugs are designed for harbor and terminal operations as well as for coastal towing.The main propulsion for the RAmparts 2300-MM consists of a pair of Caterpillar CAT 3512C engines, each rated with 1,380 bkW at 1,600 rpm, and each driving a SCHOTTEL SRP 340 azimuthing stern drive unit with fixed-pitch propellers of 2…
GTT Wins New Order from DSME
French firm GTT said it received an order from the South Korean shipyard Daewoo Shipbuilding and Marine Engineering (DSME) for the tank design of a liquefied natural…
Japan Spent $4 Bln to Back Global LNG Infrastructure Push
The Japanese government along with private companies have spent $4 billion in the past year on liquefied natural gas (LNG) projects, mainly in Asia and across the supply chain, to help spur demand for the fuel, the country's trade minister said on Monday.Hiroshige Seko, speaking at the annual LNG Producer-Consumer Conference in Nagoya, Japan, said Japan offered training to 200 people from 15 countries…
Metal Shark Open for Business in Alabama
Metal Shark announced it has secured a contract to build three 120’ x 35’ river towboats for Florida Marine Transporters, Inc. (FMT), signalling the U.S. shipbuilder’s entry into the towboat market.The four-decked, welded-steel, USCG Subchapter “M”-compliant towboats were designed by John W. Gilbert Associates, Inc. and will be powered by twin Cat 3512C Tier 3 marine diesel engines rated at 1,911 HP each.
Mexico Hopes to Reach Deal on Steel with US, Canada Soon
Mexican Deputy Economy Minister Rogelio Garza said on Monday that the government was very confident that it would soon reach a deal with the United States and Canada over steel tariffs.The administration of U.S. President Donald Trump imposed tariffs on steel imports in June, citing national security reasons. Canada followed with tariffs on a range of steel products earlier this month.Reporting by Sharay Angulo; writing by Julia Love
MCA to Increase Fees
The Maritime & Coastguard Agency (MCA) is to increase its fees for the first time in over ten years – giving it the flexibility to invest further in the services it provides to the maritime sector.From November 13, 2018, the Maritime & Coastguard Agency (MCA) will increase most of its fees across the whole of the U.K.The fee increases have been carefully planned, with a public consultation carried out in 2016, so industry and all those affected have been involved every step of the way.
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