China to Encourage Shipping Consolidation
China will encourage mergers and consolidations among central government-held shipping companies, the head of the state assets regulator said on Tuesday.Xiao Yaqing, chief of state-owned Asset Supervision and Administration Commission (SASAC) was speaking at a forum on the sidelines of China International Import Expo (CIIE) in Shanghai.(Reporting by Tom Daly and Beijing Monitoring Desk, Editing by Sherry Jacob-Phillips)
First 3D Classification Process for a Significant Vessel Project
Bureau Veritas, Naval Group and Dassault Systèmes has announced that a 3D classification process has been applied to a significant naval vessel for the first time. This marks a major step forward in the design review and calculation modelling required for class approvals in the design and construction of new ships, as well as in the digital transformation of the marine industry.The collaborative project…
Trelleborg Launches New STS Oil Transfer Solution
Trelleborg’s oil & marine hose operation has launched the KLELINE STS oil transfer solution, which is set to upgrade safety and operability standards in ship-to-ship (STS) oil transfer around the world. This solution sets a new benchmark for safe and efficient ship-to-ship oil transfer, inspired by unique floating hose design, qualified to GMPHOM 2009 standard.STS transfer is becoming an increasingly popular option among ship operators and managers…
Damen’s RSD Tug 2513 Nominated for KNVTS Award
Damen’s radical new ‘always bow first’ RSD Tug 2513 has reached the final stage of this year’s prestigious Maritime Award KNVTS Ship of the Year prize. As one of the last three entrants in contention for the award, the Damen RSD Tug 2513 will be judged on a range of criteria including its design, safety, economy, durability and construction process, and the winner will be announced at the Gala Dinner…
Lakes Limestone Trade Dips
Shipments of limestone on the Great Lakes totaled 3.4 million tons in October, a decrease of 7.5 percent compared to a year ago, the Lake Carriers' Association said. Limestone cargos also trailed the month’s five-year average by 4.6 percent.Loadings from U.S. quarries totaled 2.8 million tons, a decrease of 6 percent. Shipments from Canadian quarries totaled 568,000 tons, a decrease of 14.6 percent.Year-to-date the limestone trade stands at 24.2 million tons…
Tall Ship Christian Radich Visits DSHI for Repairs
The fully-rigged sailing ship Christian Radich has departed Damen Shiprepair Harlingen (DSHl) following five weeks of repairs and maintenance. The Norwegian-flagged, 63-meter, three-master is not only used as a training ship for young Norwegians, she also undertakes cruises and races with paying guests. She is therefore maintained to a high standard.The maintenance works at DSHl included high pressure jetting and cleaning of the exterior…
Evac Evolution BWMS On USCG ‘Pending List’
The Evac Evolution ballast water management system (BWMS), designed and manufactured by Cathelco, has been added to the pending list for U.S. Coast Guard Type Approval under the Cathelco name.When Finnish-based Evac acquired Cathelco earlier this year, the latter were already well on the way to USCG Type Approval having completed all the stages of the land and sea-based testing programs. For this reason…
Maersk Ousts Danske Bank Chairman after Scandal
Danske Bank's largest shareholder, the Maersk family, has ousted the lender's chairman after a money laundering scandal that has also forced out its chief executive.A.P.
MacGregor Cleared to Acquire TTS' Marine & Offshore Units
MacGregor, a part of Cargotec, has yesterday received a clearance decision from the German Federal Cartel Office (Bundeskartellamt) for the company's acquisition of the marine and offshore businesses of TTS Group ASA, which was announced on 8 February, 2018. The completion of the intended transaction is still subject to regulatory approvals in China and South Korea. MacGregor expects to receive these approvals by the end of 2018 and to complete the transaction…
DNV GL certifies Ingeteam’s 2MW DFIG converter
Ingeteam, a leading supplier of electrical conversion equipment, has announced that it received DNV GL’s certification for its IngeconWind stator-equipped 2MW DFIG converter. With this latest achievement, Ingeteam completes the range of its products covered under DNV GL certification, such as the medium voltage full power converters and the statorless DFIG converters; and demonstrates its ability to…
Baltic Index Declines on Weak Capesize Demand
The Baltic Exchange's main sea freight index, tracking rates for ships ferrying dry bulk commodities, declined for the sixth straight day on Tuesday, marking its biggest percentage fall in nearly two months, on waning demand for capesize vessels.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, slipped 33 points, or 2.3 percent, to 1,395 points, its lowest since Sept.
Pirate Attack Thwarted West of Yemen
On November 3 the Stena Imperial reported a suspected pirate approach while on northbound passage through the Red Sea west of Yemen on her way from Far East to Rotterdam for discharge.Two suspicious skiffs were found approaching Stena Imperial from the port side at a distance of 1.5 nautical miles. The alarm was raised and the Master and the on board security team mustered on the bridge. Hand flares…
Aegean Marine Files for Chapter 11
Aegean Marine Petroleum Network Inc. announced Tuesday that it has filed for chapter 11 bankruptcy protection as the New York listed marine fuel supplier is being…
SubM: The Coast Guard IS Still an Option
Not all towing vessel companies are choosing Third Party Organizations (TPOs) for their Subchapter M compliance option. One size does not fit all.Under Subchapter M, towing vessel companies may opt to use TPOs to conduct their audits and surveys instead of inspections by the Coast Guard. While many companies are going the TPO route, many are opting for traditional Coast Guard inspections.As a retired Coast Guard marine inspector, I have always advocated the Coast Guard option to our clients.
Korea's Shipbuilders Rise on Country's Top Ranking for Orders
Shares of South Korean shipbuilding companies jump, boosted by the country's tally of orders in January to October as well as a positive outlook for the sector.outh Korea's volume of orders in Jan-Oct ranked the highest, with the country securing about 45 pct of total orders, according to industry sources citing the lastest data from Clarksons Research.South Korea is expected to remain the top ranked for ship orders this year as it exceeds No. 2 China at 31 pct, according to the report.
Philly Shipyard Q3 EBITDA Turns To Loss Of $28.9 Million
The U.S.-based shipbuilder reported operating revenues and other income for Q3 were USD $26.5 million, compared to USD $200.8 illion in Q3 2017.The firm also forecast that the ongoing Matson vessel newbuilding projects would be a loss making project.The firm further expects that it will suffer significant losses in 2018 and 2019.Ongoing WorkHull 029 production activities continue to progress in the Commissioning Dock and sea trials are expected to occur next month.
Spanish Coast Guard: 17 Migrants Perish in Western Med
At least 17 migrants died in the space of 24 hours while trying to cross the sea from North Africa to Spain, and rescuers picked up more than 100 others, the Spanish…
Fincantieri to Establish Cruise Hub in China
The cruise shipbuilder Fincantieri has signed contracts with the Shanghai City’s District of Baoshan to set up a cruise hub."At the presence of the Deputy Prime…
NKT Confirms Moray East Offshore Contract
Global energy sector supplier NKT has confirmed turnkey order for Moray East offshore wind farm project."NKT has signed a Preferred Bidder Agreement (PBA) for delivery…
Deutsche Windtechnik Goes to Taiwan with Yunlin Deal
German wind turbine servicing company Deutsche Windtechnik AG said it is creating a subsidiary in Taiwan where the company will service Wpd’s 640-MW Yunlin offshore…
