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…
APLNG, QCLNG Strike Deal to Share Infrastructure
The Australia Pacific LNG project (APLNG) said that it has signed a deal to buy gas from neighboring Queensland Curtis LNG (QCLNG ) project and for both projects…
NV5 Global Acquires CHI Engineering Services
The engineering, procurement and construction management (EPCM) firm serving the liquefied natural gas (LNG), petroleum gas (LPG) and natural gas (NG) industries…
Golar FSRU Golar Freeze Lined Up for Jamaican Project
Norwegian shipping company Golar LNG Partners is deploying a floating storage and regasification unit (FSRU) to Jamaica for up to 15 years from the fourth quarter…
IFM, Vitol and VIP Take Joint Ownership of Vitol Tank Terminals International
Vitol Investment Partnership(VIP), an investment vehicle sponsored and managed by Vitol, and IFM Investors, a global provider of investment services to institutional investors…
Samjin Shipbuilding to Deliver Christiane Oldendorff Soon
Dry bulk shipping firm Oldendorff Carriers said that the bulk carrier newbuilding MV “Christiane Oldendorff” (charter name “Midland Trader”) of 36,000 tdw will be…
Kosmos Energy, Shell Form Alliance
Oil and gas exploration and production company Kosmos Energy said that it has entered into a strategic alliance with Shell Exploration Company B.V. to jointly explore…
Manila Ports Utilization Remains Healthy
Philippine Ports Authority (PPA) informed that the cargo volume in the country has registered a modest hike in the first seven months of the year despite the sluggish…
AtoB@C Shipping Acquires Dry Cargo Carrier
The Swedish shipping company owned by Aspo's ESL Shipping, AtoB@C Shipping has acquired a 4,100 dwt dry bulk carrier of ice class 1A built in 2000. Previously, AtoB@C…
WFW Advises DNB on USD310m Loan to Star Bulk Carriers
International law firm Watson Farley & Williams (WFW) advised Norway’s DNB Bank ASA (DNB), as facility agent and security agent for a syndicate of banks comprising itself…
First LP-SCR System Successfully Completed in M/V Southern Pearl
The first commercial Low Pressure SCR system (LP-SCR)system from Japan Engine Corporation (J-ENG) has entered service onboard a major Singaporean container lines…
LNG Trade to Increase by 10% in 2020
Dominated by new U.S. volumes, liquefied natural gas (LNG) trade is expected to increase by 10 percent per annum from 290 million tons in 2017 to around 388 million tons in 2020…
FLNG Hilli Episeyo Operates in Full Capacity
Golar LNG Limited confirmed that FLNG Hilli Episeyo continues to operate with 100 percent commercial availability.Currently in the process of exporting its 10th LNG cargo…
Virtual Reality Training for Maritime
Recognizing the appeal of virtual reality (VR) for engaging seafarers who need training as they enter and advance through the maritime industry, KVH Videotel and OMS-VR has announced a letter of intent to enter into an exclusive agreement to produce and distribute VR maritime training. Coinciding with the announcement, KVH Videotel will be providing a demo of VR training during the CrewConnect Global Conference in Manila tomorrow and Wednesday…
Great Lakes Iron Ore Trade Up in October
Shipments of iron ore on the Great Lakes totaled 5.8 million tons in October, an increase of 5.7 percent compared to a year ago, the Lake Carriers' Association reported. Shipments also outpaced the month’s 5-year average by nearly 9 percent,Year-to-date the iron ore trade stands at 44.7 million tons, a decrease of 1.8 percent compared to the same point in 2017. The shortfall has been decreasing over the course of the shipping season.
RH Marine Studies Safe Autonomous Sailing
Dutch company RH Marine has started a three-year research in order to let ships sail autonomously in a safe way. The study aims to develop algorithms which enable unmanned self-propelled vessels to sail efficiently from A to B, which recognize dangerous situations and learn to avoid these dangers.The research is part of the larger European project Safer Autonomous Systems (SAS) under the direction of the KU Leuven (BE), in which the safety of various autonomous systems is being researched.
