Sovcomflot completes USD 900 mln in Foreign Investment
Russia’s maritime shipping company Sovcomflot has announced that it has entered into a new USD 264 million six-year revolving credit facility with a consortium of…
Ocean Installer Clinches Johan Castberg Deal
Norwegian subsea contractor Ocean Installer and Norwegian multinational energy company Equinor ASA have signed a contract that covers the floating production storage…
ScanOcean, Neste Pact for Low-Sulfur Bunker Fuel
Finland oil refining and marketing company Neste Corporation and Swedish bunker and marine fuels provider ScanOcean AB enter into cooperation in delivering Neste’s low-sulfur marine fuel.
ASCO Shipyard Overhauls Turkmen Ship
“Bibi-Heybat” Shipyard of the Azerbaijan Caspian Shipping Company (ASCO) has overhauled the towing-supply vessel “CM. Rahil” owned by Turkmenistan. ASCO claimed…
Ardmore Shipping Appoints Curtis McWilliams as Chairman
The US-based chemical tanker company Ardmore Shipping Corporation announced that Reginald L. Jones is stepping down as Chairman of the Board of Directors of the Company effective December 31, 2018.
THE Alliance to Operate 249 Ships in 2019
THE Alliance members Hapag-Lloyd, Ocean Network Express(ONE) and Yang Ming have published details of a rationalised revamped network for east-west trades effective…
Ship Finance International in USD 270mln Pact for Three Vessels
Bermuda-based Ship Finance International (SFL) has entered into lease financing agreements totaling $270 million with an Asian-based institution to finance three 10…
ALMACO Helps Refurb Crystal Serenity
ALMACO Group recently delievered 36 new luxurious Seabreeze Penthouses and two new spacious Seabreeze Penthouse Suites to Crystal Cruises’ ocean-going vessel Crystal Serenity. The project, which was part of an extensive redesign of the ship, started during the drydock at Lloyd Werft shipyard in Bremehaven, Germany, in mid-October and the suites were delivered on November 10, 2018, in Lisbon, Portugal…
Bardex Shiplift Chosen by DSME
Daewoo Shipbuilding Marine Engineering (DSME-Korea) awarded Bardex a ShipLift System in order to increase the capacity of the shipyard from the previously installed 1990 system.
French Frigate Shoals: A Canary in the Coal Mine
French Frigate Shoals are located in the northwestern Hawaiian Islands, between Kauai and Midway. The atoll consists of a twenty-mile long crescent-shaped reef, with 13 coral and sand islands and the 120-foot high volcanic rock Perouse Pinnacle, named for French explorer Jean-Francois de la Perouse, who charted the atoll in 1786 and nearly grounded his two frigates. Tern Island is the largest, covering 105,276 square meters or 26 acres.
ALMACO Onboard Viking Line’s New Cruise Ship
ALMACO secured the order to build 1121 passenger and crew cabins plus all the galleys, bars, pantries and provision stores, including cold rooms, freezers and walk-ins, for Viking Line’s newbuild at Xiamen Shipbuilding Industry Co., Ltd. (XSI) shipyard in China. For the accommodations portion of the order, ALMACO’s contract includes visual turnkey with some background works for all passenger and crew…
Video: Jumbo Celebrates 50 Years
To celebrate Jumbo’s 50 Year Anniversary, they take a look back at the story so far. From their beginnings as pioneers swimming against the tide to 50 years later…
Sale of Positions in Chartered-in Suezmax Vessels
Concordia Maritime is selling the positions previously taken in four chartered-in Suezmax vessels. The economic value corresponds to an EBITDA of $5.3 million.As…
NMC Announces Revised Comment Period for MM Medical Manual
Revised Comment Period: Draft Merchant Mariner Medical Manual, Notification of Availability and Request for Comments.The Coast Guard is seeking public comment regarding…
P&O Re-flagging Two Vessels to Cyprus Ahead of Brexit
British ferry and shipping freight operator P&O is reviewing its UK-registered fleet and is already re-flagging two vessels to keep European Union tax arrangements…
Video: Russian Bulker Aground Off England
Rescue vessels were heading to assist a Russian bulk cargo ship after it ran aground off beaches in southwest England, Britain's coastguard said on Tuesday.The 180 meter (590 ft) long ship, with 18 Russian crew on board and which the British media said was the Kuzma Minin, dragged its anchor in strong winds and grounded between the Swanpool and Gyllyngvase beaches near Falmouth in Cornwall."There is no cargo on board.
Top 10 Ships of 2018: #2 AIDAnova
"Green Cruising” with AIDA Cruises: Biggest AIDA Cruise Ship operates environmentally337 meters long, 42 meters wide, 8.8 meters draft, 183,900 GT, four main engines transferring in total 62 MW on two PODs: These are the most important particulars of AIDAnova, the latest Meyer Werft-built cruise ship for AIDA Cruises.During the laying of the keel Carnival Corp. announced that it was going to build…
Lithuania Plans to Buy an FSRU
Lithuania has given the go ahead to state-owned Klaipedos Nafta to purchase a liquefied natural gas (LNG) storage vessel by late 2024, as it shores up energy supplies and reduces its reliance on Russian natural gas.Klaipedos Nafta is currently leasing a floating storage and regasification unit (FSRU), called Independence, from Norway's Hoegh LNG.The use of the vessel has allowed Lithuania to import LNG since 2014…
A Costly Lapse in Judgment
An allision in the maritime sector is defined as an accident in which a moving object strikes a stationary object (bridge fender, bridge deck, dock, dredging vessel, etc.). According to the Maritime Law Association (MLA) such an accident calls the “Oregon Rule” into play. Simply put, the Oregon Rule states that “…when a moving object hits a stationary object, the moving object is presumed at fault.
Russian Cargo Ship Aground off Southwest England
Rescue vessels were heading to assist a Russian bulk cargo ship after it ran aground off beaches in southwest England, Britain's coastguard said on Tuesday.The 180 metre (590 ft) long ship…
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