Georgia Bullish on Offshore Natural Gas and Oil Reserves
Georgia Petroleum Council noted released results from a new study highlighting how Georgia’s economy could benefit from over $200 million in tax revenues as a result…
Color Line and Ulstein Kicks Off Color Hybrid Newbuild Project
Color Line and Ulstein Verft marked the construction start-up on the world's largest plug-in hybrid ship, the 'Color Hybrid'. The hull is placed in the dock hall…
Meyer Turku Cuts Steel for New Carnival Cruise Ship
The cruise ship builder Meyer Turku started the production of a 5,286-lower berth cruise ship for Carnival Cruise Line.According to German shipbuilder, the ship…
Bechtel, Cheniere Fires Up Corpus Christi LNG Production
The the largest construction company in the United States Bechtel has joined its customer Cheniere Energy to announce production of the first liquefied natural gas…
ICTSI Appoints Andrew Dawes as Asia-Pacific Head
Manila-headquartered International Container Terminal Services, Inc. (ICTSI) has appointed Andrew Dawes as Senior Vice President and Regional Head of Asia Pacific, replacing Christian R.
Hyundai Heavy Industries Gets Cyber Security-Ready Notation from ABS
Classification society ABS and Hyundai Heavy Industries (HHI) collaborated to develop cyber security requirements for the ABS Cyber Security-Ready (CS-Ready) Notation…
Teekay Expects Recovery in Tankers Market
Crude tanker rates have continued to strengthen during the early part of the fourth quarter of 2018, particularly in the Atlantic Basin with Aframax tanker rates…
MOL Turns 50 in Thailand
Mitsui O.S.K. Lines (MOL) celebrated the 50th anniversary for the establishment of Mitsui O.S.K. Lines (Thailand).On November 13, it held a party in Bangkok for customers…
European Shipowners Welcomes Brexit Deal
The European Community Shipowners' Associations (ECSA) said that the European shipowners welcome the agreement reached on Brexit.“Our primary concern on the short term…
Inmarsat Expands Maritime Cyber Security Offering
Marine Satcom major Inmarsat has introduced two new components to its maritime cyber security service, Fleet Secure, as it continues to develop solutions that combat…
BIMCO Overhaules Standard Ship Repair Contracts
BIMCO, the largest of the international shipping associations representing shipowners, said that it has revised and updated its two standard ship repair contracts: REPAIRCON…
DynaGas LNG Partners in the Red in Q3
Monaco-based owner and operator of liquefied natural gas (LNG) carriers, reported a third-quarter ended September 30, 2018 loss of $654,000, after reporting a profit…
Diana Shipping Fixes M/V Thetis with Hudson
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Hudson Shipping Lines Incorporated for one of its Panamax dry bulk vessels…
Global Ship Lease Closes Poseidon Containers Deal
Marshall Islands-based Global Ship Lease (GSL) announced that it has completed the proposed merger deal with Greece's Poseidon Containers.According to a release from GSL…
MENA Region to Lead Global Oil and Gas for Decades to Come: DNV GL
The world will need less energy from the 2030s onwards, but it will still require a significant amount of oil and gas in the lead-up to mid-century according to…
Passenger Vessel Fire Subject of NTSB Meeting
The National Transportation Safety Board announced Thursday its intent to hold a board meeting, Dec. 11, 2018, to determine the probable cause of the Jan. 14, 2018, fire aboard the passenger vessel Island Lady, in the waters of the Pithlachascotee River near Port Richey, Florida.One passenger died and 14 others were transported to area hospitals in the accident that left the vessel so damaged it was declared a constructive total loss.The Island Lady had 53 people aboard when at about 4 p.m.
Windstar Cruises Announces $250 Million Star Plus Initiative
Major Investment Engages Fincantieri to Renovate & Lengthen Windstar’s Three Star-Class Ships beginning in Fall 2019. Windstar Cruises today announces the $250 Million Star Plus Initiative, a major investment and expansion for the innovative cruise company. The multi-million dollar, multi-year undertaking will impact and enhance all aspects of the guest experience for the highly awarded small ship cruise line’s three Star Class vessels.
Four New Crew Boats for Allianz
Damen Shipyards Group has delivered four new Fast Crew Suppliers (FCS) 2610 to Allianz Middle East Ship Management. The four vessels will undertake work in the ADMA oil field in Abu Dhabi, providing logistics services and safe crew transfer, as part of a five-year contract awarded to ADNOC LS and ADNOC Offshore. The contract will commence as of December 5, 2018. The handover took place between Ahmed T.
SBM Offshore: $45 Mln in Extra Impairments in Q3
SBM Offshore, the Netherlands-based maker of floating oil and gas production facilities, on Thursday said it expected $45 million in impairments in Brazil and the United States.In Brazil, SBM Offshore has decided to temporarily close the Brasa construction yard for "at least the coming two years" resulting in a net book value of zero and an impairment charge of around $20 million, it said in a trading update.Due to slowed activity in the floating production market…
Baltic Index [Finally] Gains on Higher Capesize Demand
The Baltic Exchange's main sea freight index, tracking rates for ships transporting dry bulk commodities, snapped its 12-day losing streak on Thursday, powered by a rise in demand for capesize vessels.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 11 points or 1.1 percent - after falling 12 sessions in a row - to 1,020 points.The capesize index marked its first gain in 12 days, rising 7.1 percent, or 67 points, to 1,007 points.
