KOGAS Invests $8.84bn in LNG, Hydrogen Projects
South Korean state-owned Korea Gas Corporation (KOGAS) will invest 10 trillion won (US$8.84 billion) by 2025 to expand its natural gas capacity and infrastructure…
Samsung Heavy Industries to Build Two LNG Carriers for Celsius Tankers
South Korean shipbuilder Samsung Heavy Industries (SHI) booked an order from Denmark’s Celsius Tankers for two liquefied natural gas (LNG) carriers, securing an…
Choice Ballast Solutions Chosen for Scorpio Tanker Retrofits
Choice Ballast Solutions was recently contracted by Scorpio Ship Management S.A.M., as agent for certain vessel-owning subsidiaries of Scorpio Tankers Inc. to provide…
LNG Bunker Barge Completes Trials
Harvey Gulf announced the successful completion of liquefied natural gas (LNG) trials for the Conrad-built 2,200 cubic meter bunkering barge, Clean Jacksonville, using Harvey Gulf’s LNG Bunkering Facility in Port Fourchon, La.The box shaped barge arrived 15 days ago to the Harvey Gulf LNG terminal where Harvey’s LNG staff developed terminal specific procedures for review and approval by USCG. These…
Container Shipping Bankruptcy Lends Insight on Potential Fallout from Trade War
Global trade tensions have captured headlines in recent months, as the imposition of a series of tariffs and counter-tariffs by various global trade counterparts has raised questions about the possibility of a trade war. Such development could potentially have an impact on global trade flows, and, consequently, the companies which facilitate international movement of goods.Though the situation is still developing and the final impact is uncertain, Gregory Draco, the Chief U.S.
Higher Panamax Rates Prop Up Baltic Index
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged higher on Friday, as a rise in demand for panamax vessels more than offset a drop in capesize rates.* The overall index, which factors in rates for capesize, panamax and supramax vessels, rose three points, or 0.2 percent, to 1,723 points.* The index gained about 2 percent for the week.* The panamax index rose 38 points, or 2.6 percent, to 1,485 points.
Green Shipping: Toward a Clean Future
The International Maritime Organization (IMO) has announced its targets of cutting greenhouse gas emissions from global shipping in half by the year 2050, and to make ships entirely CO2-neutral before 2100. But long before that, the so-called sulphur cap will take effect: From 2020 all oceangoing ships must run on fuel that contains no more than 0.5 per cent of sulphur. According to estimates by classification society DNV GL, up to 70,000 ships will be subject to this requirement.
Water Taxi Strikes Sailboat in Boston
A water taxi collided with a sailboat on a mooring ball Thursday afternoon near Long Wharf in Boston Harbor.Only one minor injury was reported, and the patient was treated and released at the scene.A U.S. Coast Guard Station Boston rescue crew along with the Boston Fire Department, Boston Police Department, and Massachusetts Environmental Police all responded to the scene at around 5 p.m.The water taxi had one operator and seven passengers.
Allweiler to Roll Out New Centrifugal Pumps
Allweiler GmbH, part of CIRCOR International, Inc., will exhibit its redesigned vertical centrifugal pump solutions for ship engine rooms at this year’s SMM fair in Hamburg.According to the manufacturer, a new innovative foot design reduces space requirements and improves operational safety."The new compact MA-S and MA-C series are vertically installed centrifugal pumps with axial inlets and radial outlets.
Hapag-Lloyd Investing in East Africa
German shipping company Hapag-Lloyd is continuing to focus on the growing market in East Africa, where annual growth rates of approximately six percent lead the African continent.In April 2018 Hapag-Lloyd launched the East Africa Service (EAS), its first dedicated service to East Africa. The weekly service sails from Jeddah to Mombasa, and from there to Dar es Salaam, in Tanzania, and directly back to Jeddah.
Kongsberg to Power Grimaldi’s Nine New RoRos
Kongsberg Maritime said it has been awarded contracts with Chinese shipbuilder Nanjing Jinling Shipyard Co. to deliver power and hybrid systems to nine Roll on – Roll off (Ro-Ro) vessels ordered by Grimaldi Group, Italy. The contracts are valued at more than NOK 400 million ($47 million) and include an option for three additional vessels increasing the total value to more than NOK 500 Million ($59 million).Due for delivery from 2020…
Maersk to Spin off Drilling, Hand Total Shares to Investors
A.P. Moller-Maersk said on Friday it would spin off its offshore drilling operation and list it in Copenhagen next year, the latest move by the Danish shipping company to focus entirely on transport and logistics.Maersk, which cut its full-year profit outlook this month, sold Maersk Oil to French oil major Total last year in a $7.5 billion deal as part of a restructuring under Soren Skou, who became…
TORM to Feature Scrubbers in Newbuildings
Danish shipping company TORM is installing scrubbers to its vessels, allowing them to continue running on high sulfur fuel oil after the International Maritime Organization's…
Diana Shipping TC Contract for M/V Coronis
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with CJ International Italy Societa Per Azioni…
Hapag-Lloyd Adds 11,100 Reefer Containers
Hapag-Lloyd is investing in its container fleet and has ordered 11,100 state-of-the-art reefer containers. The new containers will be integrated to the company’s existing fleet of 91…
DP World Gross Volume Up 4.8% for 1H 2018
Dubai-based port and terminal operator DP World said that its gross volumes rose 4.8 percent to USD 35.6 billion s for the six months to 30 June 2018, despite uncertainties in the container market.
Damen Shipyards Galati Celebrates 125th Anniversary
Damen Shipyards Galati has delivered over 1,300 vessels during proud history! On 15th August, Galati yard held a party for the annual celebration of Ziua Navalistului…
Shanghai International Port Group Buys Kalmar Equipment
Kalmar, part of Cargotec, has secured an order to supply 15 units of container handling equipment to Shanghai International Port Group (SIPG).This order, including…
British Ports Association Launches Sustainable Development Resolution
The British Ports Association has published a sustainable development resolution, which commits to supporting the dual aims of a strong and healthy environment and…
Benetti Rolls-out Bond-inspired Superyacht Spectre
Spectre, the ninth James Bond-inspired yacht commissioned by John Staluppi, has been launched by Benetti in Italy.A company press release said that after “Quantum…
