Richard Branson Resigns as Chairman of Virgin Hyperloop
Sir Richard Branson has stepped down from his role as chairman of Virgin Hyperloop One, saying the company "needs a more hands-on chairman."DP World statement said…
Eagle Bulk Shipping Adds Hamburg Eagle to its Fleet
The owner-operator in the Supramax/Ultramax segment Eagle Bulk Shipping announced that it has taken delivery of its newly acquired vessel, the M/V Hamburg Eagle…
Diana Shipping Extends TC for m/v Electra with Uniper
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Uniper Global Commodities SE…
MPC Maritime Adds Three Panamax Boxships
German's MPC Maritime Investments, a wholly-owned subsidiary of MPC Capital, has acquired three Panamax-sized container vessels on behalf of an international investor.
Jaxport Breaks Cruise Passenger Record
The Jacksonville Port Authority (Jaxport) served a record number of cruise passengers during the past year, with 199,899 passengers setting sail from Jacksonville.
Star Bulk Carriers Announces Financing Update
Star Bulk Carriers announced that it has repaid to its lenders all outstanding deferred debt amounts originating from the September 2016 restructuring of its finance…
Technology Centre Mongstad Sign MoU with DNV GL for CO2 Capture Technology
The world’s largest testing facility for carbon capture, Technology Centre Mongstad (TCM), has signed a collaborative agreement with DNV GL to deliver advisory and…
One-on-One with Suzanne Beckstoffer
One-on-one with Suzanne Beckstoffer, an accomplished engineering leader and business woman, the first woman president in SNAME’s 125 year history.As the Society of Naval Architects and Marine Engineers (SNAME) celebrates its 125th anniversary in 2018, it will celebrate another historical milestone at the start of 2019 when Suzanne M. Beckstoffer takes the helm of SNAME as president, the first woman to hold this position in the association’s history.
Zero carbon at sea? Rotterdam port eyes a greener future
In Rotterdam, ships from around the world cruise in and out of Europe's busiest port, a bustling industrial hub that employs almost 200,000 people and produces 20 percent of the Netherlands' climate-changing gases.As Rotterdam tries to cut its emissions - in line with global goals to curb global warming - shipping emissions are a particular challenge, not least because many fall outside the targets…
First LNG Cargo Exported from Ichthys
French oil and gas major Total said on Tuesday that the first cargo of liquefied natural gas (LNG) cargo from Australia's Ichthys LNG project has been exported following the production start-up at the end of July.Ichthys LNG, with reserves of more than 3 billion barrels of oil equivalent offshore Western Australia, including around 500 million barrels of condensate, is operated by Japan's Inpex Corp with a 62.2 percent stake.Total is a major partner in the project with a 30 percent stake.(Report
Kvaerner Eyes Growth, Mergers as Profits Decline
Kvaerner, a Norwegian builder of oil platforms, aims to increase its revenue by some 40 percent by 2022 by expanding abroad, the company said on Tuesday after reporting a sharp decline in third-quarter earnings that drove down its shares.Kvaerner's quarterly earnings before interest, tax, depreciation and amortization (EBITDA) fell to 76 million crowns ($9.19 million) from 245 million crowns a year ago."In a period where some recently awarded projects are not yet recognising margin and with less
New Chemical Tankers Guidance from ABS
ABS released new guidance and software to assist chemical tanker owners, operators and shipyards: the ABS Guide for Materials and Welding for Stainless Steels and ABS CHEM software.The ABS Guide for Materials and Welding for Stainless Steels provides minimum requirements for properties, manufacturing processes and fabrication techniques applicable to common types of stainless steels used in the marine and offshore industries.
Automation for Ship Renewable Energy Systems Unveiled
As part of the ongoing strategy to prepare its EnergySail and Aquarius MRE for commercial release, Eco Marine Power (EMP) unveiled further details of its automated control and monitoring systems. These will enable EMP’s technologies to integrate with existing ship-based systems. This will facilitate the seamless operation between EMP's renewable energy platforms with other equipment on ships including…
Naval Group Launches LIBRT
Naval Group said it has developed a high performance and highly secure Li-ion batteries system to provide its conventional submarines with improved operational capabilities…
LNG Shipping Rates Double Since End-August
Headline rates for shipping liquefied natural gas (LNG) in Pacific and Atlantic basins stand at around $140,000 to $150,000 a day for a 160,000 cubic meter LNG tri-fuel diesel electric (TFDE) vessel, brokers say.That is a 6-year high and compares to Atlantic basin rates of $75,000 at the end of August and around $95,000 at the end of September.Rates have jumped due to supply from new plants, longer distances traveled and anticipation of higher prices prompting shippers to lock in longer-duration
Marine News Boat of the Month: October 2018
The Virginia-based pilots say that this Gladding Hearn-built workhorse checks all the boxes: safety, stability, reliability, service support, speed and efficiency.This is not your grandfather’s pilot boat. The 55-foot Chesapeake class MKII launch built by Gladding-Hearn Shipbuilding was delivered to its station in Virginia Beach this summer, equipped with a range of state-of-the-art technologies for improved safety…
MAN Energy Solutions Launches EGR Blower
A Shanghai, China Celebration for MAN's newest solution for Tier III Compliance. The first order has already been won.ETB (Electrical Turbo Blower) raises exhaust-gas pressure to overcome the pressure difference between exhaust gas and scavenging air receiver by actively controlling the exhaust gas flow; strategic step to bring development in-house; design focuses on cost-optimisation and compactnessMAN…
Drydocks World Completes FPSO Upgrade, Turret Mooring Project
Drydocks World has recently completed two projects for Bluewater Energy Services B.V. and end client Hurricane Energy plc.The projects included the refurbishment, life extension and upgrade of the FPSO Aoka Mizu vessel, and the construction of a Turret Buoy weighing over 1,000T. In addition to the complex buoy construction project, Drydocks World teams fabricated and installed over 1,000T of structural steel…
Shore Power: Holland America Line Plugs In
ABB shore power connectors retrofitted to three Holland America Line vessels will help these ships achieve low emissions in port anywhere in the world.Cruise line Holland American Line will retrofit three of its vessels with ABB’s innovative shore power connectors that allow the ships to draw on land-based electrical grids when docked in port.Holland America Line proactively encompasses programs that…
Greece, Turkey Snipe Over Maritime Borders
Turkey warned Greece on Tuesday it would not tolerate a shift in Greece's maritime border, drawing a sharp rebuke from Athens that it would decide when and how it…
