BGC Enters Shipping, Buys Poten & Partners
Global financial and technology giant BGC Partners has completed the acquisition of Poten & Partners, a ship brokerage, consulting and business intelligence firm specializing in LNG…
Klaveness Combination Carriers Extends Contract with South32
Norwegian shipping company Klaveness Combination Carriers (KCC) said that it has signed an agreement with South32 Marketing Pte Ltd extending the current Contract…
MSC Annouces Container Train between Trieste and Giengen
Global container shipping lines MSC Mediterranean Shipping Company (MSC) has announced the launch of a new dedicated train set-up between Giengen (a.d. Brenz) and Trieste…
Ship Finance International Sells Older VLCC
Bermuda-based shipowner Ship Finance International (SFL) announced that it has agreed to sell the 2002-built VLCC Front Falcon to an unrelated third party.Delivery…
Training on Ship Fuel Data Collection in China
The International Maritime Organization (IMO)-led GloMEEP project has delivered a training course in China last week to help maritime administrations and classification…
BP to Supply Crude to St. Croix Refinery
BP Plc's trading arm on Friday entered a tolling agreement with the owners of an idled oil refinery in St. Croix, U.S. Virgin Islands, cementing plans to bring the plant back online six years after it was idled by previous owners, the company said.Under BP's tolling agreement with Limetree Bay Refining LLC, owner of the idled Hovensa refinery, BP will supply the facility with crude and sell its products…
Glosten, C-Job Sign MOU
Glosten and C-Job Naval Architects announced a partnership as executives from the two firms met recently at Glosten’s newly opened East Coast office to sign a Memorandum of Understanding (MOU) defining the firms’ shared goals and objectives.“This is an important step in formalizing what has already been a fruitful relationship over the past several months,” said Glosten President Morgan Fanberg, PE. “It is encouraging to see the work we can accomplish together.
Frontline Beats Street as Tanker Market Improves
CEO says increasingly upbeat on tanker profits. OPEC cuts, Iran sanctions may impact tanker demand.Frontline, one of the world's largest oil tanker firms, posted…
Damen's Multraship CRT Wins KNVTS Award
Damen Shipyards Group is celebrating the success of Multraship and its innovation arm Novatug in winning the Maritime KVNR Shipping award 2018.
President of TOTE Services to Retire in 2019
Rear Admiral (USN-Ret.) Phil Greene Jr. has announced his retirement from TOTE Services effective January 4, 2019. Culminating a maritime career spanning more than 40 years between his navy, government and private sector careers, Greene has served as President of TOTE Services since 2013.Under Greene’s leadership, TOTE Services expanded its portfolio of government and commercial vessels currently being managed by the company, which now includes 28 vessels.
NYK Develops Advance Water-in-Oil Alarm to Prevent Engine Trouble
As a part of initiatives utilizing big data, NYK and MTI Co. Ltd. have developed an advance alarm system (patent pending) that can detect anomalies on a real-time basis caused by water getting in lubricating oil. This alarm has been installed on Haramachi Maru, an NYK-operated vessel, to prevent such troubles and thus realize high-level preventive maintenance for the engine.1. BackgroundControlling…
Austal Delivers Fourth Ship to Navy for 2018
Austal USA delivered the Expeditionary Fast Transport ship USNS Burlington (EPF 10) to the U.S. Navy during a ceremony onboard the ship at the company’s headquarters in Mobile, Ala., Nov. 15. This is the fourth ship Austal has delivered to the Navy this year.The EPF program provides the Navy with a high-speed intra-theater transport capability. The 338-foot long Burlington is an aluminum catamaran capable of transporting 600 tons…
ONE Delivers 14,000-TEU Containership
Ocean Network Express Pte. Ltd. (“ONE”) is has announced that ONE Columbia, with a carrying capacity of 14,000 TEU, has been successfully delivered at Kure Shipyard of Japan Marine United Corporation. The sublet owner is Nippon Yusen Kaisha. This is ONE’s 4th newly built 14,000TEU magenta containership delivered this year, after ONE Stork (delivery date on 12th June 2018), ONE Minato (26th July 2018), and ONE Aquila (7th September 2018).
Largest Chinese-built FSRU Delivered
PaxOcean’s Zhoushan Shipyard has delivered a 26,000m3 floating storage and regasification unit (FSRU) Karunia Dewata to Indonesia-based Jaya Samudra Karunia (JSK). The FSRU is the largest to be built in China and will be capable of regasifying around 50 million standard cubic feet per day.The project marks a milestone for China's growing gas shipping industry and will help increase the development of Indonesia’s gas supply chain, where the unit will be based.
Rotten Fish to Help Power Hurtigruten Cruise Ships
The Nordic region's most high-profile cruise fleet operator is refitting its ships to make them less polluting, and plans to use a byproduct of rotten fish to help power their new, leaner engines.Norway's Hurtigruten, best known for the ships that ferry tourists along the country's fjords and coastline and up into the Arctic, is investing 7 billion crowns ($826 million) over three years to adapt its…
INSIGHTS: Rear Admiral Mark H. Buzby, USN (Ret)
Rear Admiral Mark Buzby is the Maritime Administrator, U.S. Maritime Administration.Rear Adm. Mark H. Buzby was appointed by President Donald Trump and sworn in as Maritime Administrator on August 8…
Baltic Index Edges Higher on Firmer Capesize Demand
The Baltic Exchange's main sea freight index, tracking rates for ships ferrying dry bulk commodities, rose for the second straight session on Friday, boosted by stronger capesize demand.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 11 points, or 1.1 percent, to 1,031 points. However, the index has declined for the fourth consecutive week, and has lost nearly 30 percent in the last two weeks.The capesize index rose 5 percent…
TRAktor 2500-SX Design tug Commences Operations for Svitzer
The third tug built by Sanmar Shipyards to Robert Allan Ltd.’s new TRAktor 2500-SX design commenced operations on November 1st in London for Svitzer. The tug, named the Svitzer Meridian, is the second TRAktor 2500-SX in Svitzer’s fleet and is the third of this new class of tugs to be delivered by Sanmar to international clients in just over 4 months.Above the waterline, this class of tugs feature a raised half foc’sle to provide an enhanced standard of sea-keeping when working in exposed waters.
Tidewater & GulfMark Consolidation Creates Largest OSV Fleet
VesselsValue's Head of Offshore Charlie Hockless weighs in on the merger between Tidewater and GulfMark."The consolidation between GulfMark and Tidewater is a positive for the market. With Tidewater’s steadfast and unyielding attitude towards the scrapping of non-performing vessels, this is a good chance for the market to reduce some of its oversupply. Hopefully with this new entity taking the lead…
Daewoo Shipbuilding: Deal Revised to Build Just One Container Ship for $90 mln
Daewoo Shipbuilding & Marine Engineering said its contract with an European shipowner was amended to build one ship from three ships.The renewed deal is worth 102 billion won ($90.24 million), accordi
