Shipbuilding: Oman Drydock CEO Aims to Triple Revenue by 2021
Said bin Homoud Al Maawali, CEO, Oman Drydock Company (ODC) means business when he aims to triple revenue by 2021, but it’s anything but business-as-usual at ODC. A neophyte to the shipyard world, he is a veteran business man with a long resume in multiple industries, a turnaround specialist. He sees potential at ODC, but bigger picture, he sees the shipyard as a means to help Oman broaden its business…
Royston Bringing Advanced Monitoring Tech to SMM
Advanced fuel monitoring and energy management technology, designed to deliver significant cost benefits for vessel operators, will be among the key attractions on the Royston diesel power SMM stand.Royston, an internationally based company operating in the global maritime sector for over 40 years, is an authorized representative for Niigata, GE, Yanmar, Volvo Penta, Scania, Napier Turbochargers.With bases in the U.K.…
Shipbuilding: “We had shipyard for dinner …”
The Duclos family is iconic in boatbuilding circles, as the Somerset, Mass.-based Gladding-Hearn, Duclos Corporation, has built a strong heritage in the pilot boat and fast ferry sectors, and in total more than 425 vessels have been delivered since it was founded in 1955. Today a trio of second-generation siblings run the yard, brothers and co-presidents John and Peter Duclos with sister Carol Hegarty serving as CFO.
Swiss Utility in Talks to Buy LNG from Canada's Goldboro Project
Axpo, a Swiss utility and energy trader, said on Thursday it was in talks for a 10-year supply deal with a Canadian company planning to build a liquefied natural…
Top U.S. Trade Official Sees NAFTA 'breakthrough' in Days
U.S. Trade Representative Robert Lighthizer on Thursday said he hopes there will be a breakthrough in NAFTA trade talks in the next few days, as the U.S continues…
EBDG Adds Staff in New Orleans
Seattle based naval architecture and marine engineering firm Elliott Bay Design Group has added two marine professionals, Grayson Laborde and George Scully, to its…
Vertom-Bojen Chooses IP@SEA VSAT
Independent satellite communications provider NSSLGlobal has signed a deal to roll out its VSAT IP@SEA service to the worldwide trading part of Vertom-Bojen’s fleet.Based in Nermoor…
USACE Approves Mississippi River Channel Deepening
The US Army Corps of Engineers (USACE) Director of Civil Works signed a memorandum to the Assistant Secretary of the Army (Civil Works) requesting concurrence with…
Baltic Index Edges Lower on Weaker Capesize Vessel Rates
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, inched lower on Thursday, as weaker capesize rates offset gains by panamax and supramax vessel segments.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 7 points, or 0.4 percent, at 1,720 points.* The capesize index fell 84 points, or 2.4 percent, to 3,476 points.* Average daily earnings for capesizes, which typically transport 170,000
Maersk Signs on to Help Clean up Ocean Plastic
Offshore services provider Maersk Supply Service has signed onto a project that aims to collect tons of plastic waste littering the world's oceans.In the comping months, the Denmark based firm will provide marine support to the Dutch nonprofit The Ocean Cleanup, which will install its first cleanup system in the North Pacific as part of the planet’s first large-scale initiative for collection of floating ocean-plastic debris.Global plastic production has risen steadily since the 1950s.
Davie Delivers LNG-powered Ferry
Canadian operator Société des traversiers du Québec (STQ) has taken delivery of MV Armand-Imbeau II, a new environmentally friendly, 92-meter-long ferry built by Chantier Davie Canada.The new vessel will operate on liquefied natural gas (LNG) fuel, enabling STQ - Québec Province ferries operator - to minimize the environmental impact of its operations. The decision is also in line with the Québec’s Maritime Strategy…
Blockchain Benefits Still Murky for Most Commodities Trading
Commodity firms and banks have been diving into blockchain pilot schemes over the last two years but the new technology's application for most trading has likely been over-hyped, a report by Boston Consulting Group (BCG) said.Blockchain, originally the platform behind cryptocurrency Bitcoin, is viewed by some as a solution to inefficiencies, improving transparency and reducing to the risk of fraud.
New Fuel Rules Push Shipowners to Go Green with LNG
Tough new rules on marine fuel are forcing shipowners to explore liquefied natural gas as a cleaner alternative and ports such as Gibraltar are preparing to offer upgraded refueling facilities in the shipping industry's biggest shake-up in decades.From 2020, International Maritime Organization rules will ban ships from using fuels with a sulphur content above 0.5 percent, compared with 3.5 percent now, unless they are equipped to clean up sulphur emissions.
DFDS Orders New Freight Ferry
DFDS has exercised an option to order an additional freight ferry (ro-ro) newbuilding from the Chinese Jinling Shipyard.Similar to the five previously ordered large capacity freight ferries, the newbuilding is designed to carry 6,700 lane meters of freight equivalent to around 450 trailers.The new ferries will increase DFDS’ operational efficiency in the route networks in northern Europe and the Mediterranean.The first two new ferries are expected to be received in the beginning of next year…
Another Ship Carrying US Soybeans Enters Dalian Port
A vessel carrying U.S. soybeans entered China's port of Dalian after sitting off coast since July 24, according to shipping data on Thomson Reuters Eikon on Thursday.The movement of the ship…
HudsonAnalytix Grows Security and Cyber Risk Management Team
HudsonAnalytix, Inc. has hired Chronis Kapalidis in London to focus on the enhancement and expansion of the firm’s strategic partnerships in Europe.An innovative researcher from one of the world's leading think tanks who is currently examining maritime cyber risk, Kapalidis brings with him his extensive field experience in maritime security operations in both the physical and cyber domains.“Chronis…
Boskalis Rethinks Loss-making Transport Operations
Boskalis will terminate loss-making transport activities at its offshore energy division, the Dutch marine and engineering company said on Thursday after posting lower than expected first-half earnings.A resulting one-off charge of 397 million euros ($451.6 million) pushed Boskalis to a net loss of 361.4 million euros, compared with a profit of 75.1 million euros in the first half of 2017. The consensus…
Yang Ming Orders Ten 2,800 TEU Containerships
Yang Ming Marine Transport Corp. (Yang Ming) signed a contract with CSBC CORPORATION, TAIWAN (CSBC) for the construction of a total of ten 2,800 TEU class full container vessels.
Stena Blue Sky Bags Safety Achievement Award
The award was recently given for the professional seamanship and conduct when Stena Blue Sky effected a rescue operation after spotting a fisherman and recovering…
Konecranes to Deliver RTGs to Slovenia
The Port of Koper operator in Slovenia, Luka Koper d.d., has ordered five electric Konecranes RTG cranes. The cranes will be equipped with cable reels featuring…
