ICE to Launch Marine Futures Contracts Ahead of IMO 2020 Sulfur Cap
The Intercontinental Exchange will launch new Marine Fuel 0.5% futures contracts in advance of the implementation of the 0.5% sulphur cap by the International Maritimeā¦
Moore Stephens: Shipping Confidence Dips
Shipping confidence dipped slightly in the three months to end-November 2018, according to the latest Confidence Survey from international accountant and shippingā¦
Samsung Heavy Strikes New LNG Carrier Order
South Korean shipbuilding giant Samsung Heavy Industries (SHI) said Thursday that it has clinched a new deal to build a liquefied natural gas (LNG) carrier.Accordingā¦
25 Vessels Added Indian Flag in Ten Months
The number of ships under Indian Flag on December 31, 2017 was 1374 while as on October 31, 2018 the number of ships is 1399 (12.79 Million Tonnes). There is anā¦
Bombardier Wins USD453mln Chinese Govt Rail Contract
Global mobility solution provider Bombardier Transportation's Chinese joint venture (JV) has won a $453 million contract to supply 168 high-speed train cars to stateā¦
Nordic American Offshore Bags PSV Contract
Bermuda-headquartered Nordic American Offshore (NAO) has been awarded a two-year fixed contract for the Platform Supply Vessel (PSV) built in 2015, 'NAO Viking'.Commencementā¦
Scorpio Bulkers Gets Work for SBI Hera
Scorpio Bulkers Inc, shipping company, owns and operates dry bulk carriers, announced that it has entered into a time charter-out agreement with an unaffiliated third party for SBI Heraā¦
Yara Opens Shanghai Office
As the demand for its exhaust gas cleaning systems -- aka. 'scrubbers' -- has grown, Yara Marine Technologies opened its new office in Shanghai. Peter Strandberg, CEO, Yara Marine, explains: āA large percentage of scrubber installations will be executed in the Asia-Pacific region. A strong local presence in Shanghai is key to global customer support and our business."To date Yara Marine has delivered more than 100 scrubbers representing an aggregate operation of some two million hours.
Seacat Services Digitizes Its Fleet
U.K.-based offshore energy support vessel (OESV) operator Seacat Services has installed advanced remote monitoring systems across its fleet in an effort to glean a new level of insight into the operational performance of its vessels.āDigitalizationā of operational practices, coupling remote data collection with advanced monitoring, is gaining pace as offshore wind firms throughout the supply chain aim to keep tabs on the performance of project critical infrastructureā¦
Baltic Index Gains on Firmer Rates Across Vessel Segments
The Baltic Exchange's main sea freight index, tracking rates for ships transporting dry bulk commodities, edged higher on Thursday, buoyed by strong demand across vessel segments.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 12 points, or 0.9 percent, to 1,365 points.* The capesize index rose 27 points, or 1.3 percent, to 2,180 points.* Average daily earnings for capesizesā¦
Navantia to Build 5 Frigates for Spanish Navy
Spain's state-held shipbuilder Navantia will build five F-110 frigates for the Spanish navy in a contract worth 4.3 billion euros ($4.9 billion), the governmentā¦
Offshore Wind: SeaTwirl Secures Funding
Swedish floating wind turbine player SeaTwirl has joined the Ocean Energy Scale-Up Alliance (OESA) that has been granted funding from the Interreg North Sea Region.SeaTwirlā¦
Brazilās Itaqui Port and Panama Canal Sign MOU
The Panama Canal has signed a memorandum of understanding with the Port of Itaqui to promote the shipment of grains and other cargoes in the commercial route fromā¦
Chabahar Port Builds LPG Storage Tanks
The operationalizing of three investment projects will begin in Shahid Beheshti port of Chabahar this week, said a communication from the Iran government.Behrooz Aghaeeā¦
Shahid Ali Appointed as CEO Maldives Ports
Shahid Ali has been appointed as the new Chief Executive Office of Maldives Ports Limited.Maldives Ports Limited annouced the appointment through a twitter messageā¦
Dudgeon Offshore Wind Bags $1.77B Refinancing
One of the worldās largest offshore wind projects, the 402-megawatt (MW) Dudgeon offshore wind farm in the U.K., announced the signing and pricing of privately placedā¦
PSA, SUTD to Build NewGen Port Operators
Singapore's port operator PSA Corporation Limited (PSA) has signed a memorandum of understanding (MoU) with the Singapore University of Technology and Design (SUTD)ā¦
NOIA Calls for Offshore Wind Territories Act
National Ocean Industries Association (NOIA) said that U.S. territories need the Offshore Wind for Territories Act.The U.S. has five permanently inhabited 'Territories'ā¦
Columbia Gets USD 229.23 mln for Port Projects
U.S. Transportation Secretary Elaine L. Chao announced 14 grants, which go to port-related projects, are made through the Better Utilizing Investments to Leverageā¦
Quantum Pacific: $40m 'Green Loan' for Scrubbers
Singapore-based Quantum Pacific Shipping (QPS) has received a loan from BNP Paribas to finance the purchase and installation of exhaust gas cleaning systems on itsā¦
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