Timas Suplindo Charters Telford Construction Vessel
Dubai-headquartered offshore services provider Telford Offshore said it has been awarded a charter party from Indonesian contractor Timas Suplindo for its DP3 multipurpose accommodation and offshore construction vessel Telford 25.The three-month contract, with options to extend, will see Telford 25 support a range of services for the TSB Phase 2 Development offshore Indonesia.“Over the course of this…
Baltic Index Falls as Capesize Rates Decline
The Baltic Exchange's main sea freight index, tracking rates for ships transporting dry bulk commodities, slipped 2 percent on Monday, hurt by falling demand for capesize vessels.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 29 points, or 2 percent, to 1,428 points, its biggest percentage drop since September 13.* The capesize index dipped 105 points…
WISTA Elects New BoD, Honors 2018 Personality of the Year
Kathy Metcalf, CEO of the Chamber of Shipping of America, was honored as the 2018 WISTA International Personality of the Year.New WISTA BoardWomen's International Shipping and Trading Association (WISTA) elected Connie Roozen, Director of C&B More (WISTA the Netherlands) as Treasurer and Angie Hartmann, Vice President Crew Affairs, Starbulk S.A. (WISTA Hellas) as Board Member, to the WISTA International Executive Committee at their 38th International Annual General Meeting in TromsØ…
US Grants Temporary Iran Oil Waivers to Eight Countries
The United States has granted exemptions to eight countries allowing them to temporarily continue buying Iranian oil, Secretary of State Mike Pompeo said on Monday, as Washington reimposed sanctions on Iran's banking, energy and shipping industries.Some of the eight countries - China, India, Greece, Italy, Taiwan, Japan, Turkey and South Korea - include OPEC member Iran's top customers.Pompeo said more than 20 countries have already cut their oil imports from Iran, reducing purchases by more tha
U.S. DOJ Announces Environmental Crimes Conviction
German Shipping Operator Sentenced to Pay $3.2 Million for Obstruction of Justice and Falsifying Official Logs to Hide Deliberate Oil Pollution. The previously Convicted Company Committed Environmental Crimes While on Probation.A German shipping company, MST Mineralien Schiffahrt Spedition und Transport GmbH (MST), pleaded guilty and was sentenced today in Portland, Maine, for obstruction of justice and for maintaining false official records to conceal deliberate pollution from one of its ships…
Regulatory Reform: Good Ideas … Ready to Start?
Regulatory reform is one of President Trump’s priority agenda items. Upon taking office, the President issued a number of Executive Orders focusing attention and demanding action on the myriad of regulations impacting American businesses.Last May, the reform spotlight fell on maritime regulations when the White House Office of Management and Budget (OMB), published a Request for Information (RFI) on…
Daewoo Wins Contract to Build Three Vessels
Daewoo Shipbuilding & Marine Engineering says it signs $273 mln order.Daewoo Shipbuilding & Marine Engineering Co Ltd says has signed an order worth 306 billion…
SSY Pacific Capesize Index rise by 36 points
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index rise by 36 points in the week ending Monday to 6,148.The SSY Pacific Capesize Index was almost unchanged week-on-week at 6,148 points as further robust rate increases on backhaul routes were cancelled out by lower earnings on South Africa-China iron ore and coal trades. The W.Australia-China iron ore spot rate edged up to $8.65/t, while there was a $300/day decline in the Pacific round-voyage rate (180k dwt) to $19,000/day.By Reuters
EDF Sells Stake Dunkirk LNG Terminal
European electric utility company Électricité de France (EDF) group has sold its stake in the Dunkirk liquefied natural gas (LNG) terminal, after obtained the requisite…
Fitch Warns: Shippers' Costs and Capex may Increase
More stringent fuel regulations regarding sulphur content could significantly increase global shipping companies' operating costs and capex needs, says Fitch Ratings…
Ship to Shore Crane Blasted in San Juan
A heavily corroded 180-foot ship to shore crane was demolished last week in a rare crane toppling event in San Juan."The crane needed to be demolished as it was…
Siemens Gamesa Bags Orders for 176.8MW Wind Projects in India
Siemens Gamesa (SGRE), a renewable energy project developer and an Engineering Procurement Construction (EPC) provider, has won turnkey contract from renewable energy…
Encana Acquires US Shale Producer Newfield Exploration for USD 4.1 billion
Canadian oil and gas producer Encana has signed a deal to acquire all of the outstanding shares of common stock of Newfield Exploration Company in a USD 4.1 billion…
Australia’s Oil and Gas Industry Calls for Competitive Tax Regime
Changes to the petroleum resource rent tax (PRRT) announced today by the Commonwealth must be assessed carefully by Australia’s oil and gas industry, said the Australian…
Globalstar Joins SIA
The Satellite Industry Association (SIA) announced that Globalstar is the latest company to join SIA. Globalstar operates a low-earth-orbit (LEO) constellation of…
Chesapeake Acquires WildHorse for $4B
Chesapeake Energy has entered into a definitive agreement to acquire WildHorse Resource Development, an oil and gas company with operations in the Eagle Ford Shale…
BMT CEO Sarah Kenny is Maritime UK Vice Chair
Maritime UK has confirmed the appointment of Sarah Kenny as Vice Chair. Kenny is CEO at BMT Global.Maritime UK is the sector’s umbrella body, bringing together the shipping…
The Forward-Facing Coast Guard
The US Coast Guard has published its Maritime Commerce Strategic Outlook. This forward-facing document should be read by everyone in the Coast Guard and by those associated with the US maritime sector. It is intended to guide the Service’s efforts in securing the strategically critical maritime transportation system (MTS) and the marine environment. To accomplish this, the Coast Guard must be Semper Paratus – Always Ready, as it has been for most of its 228 years.
Scanship Bags Carnival Contract
Scanship has announced a new contract with Carnival Cruise Line to retrofit an advanced wastewater purification (AWP) system onboard."Scanship Holding ASA, with its subsidiary Scanship AS…
First Delivery by Titan LNG in German Port of Mukran
Titan LNG, the leading LNG supplier to marine and industrial users in North West Europe, has successfully completed the first-ever LNG bunker delivery at Mukran…
