Kuryk Port Opens New Ferry Complex
Kuryk port, located in the Mangystau region of Kazakhstan, has opened its new ferry complex.Officials of relevant government agencies and representatives of private companies from Georgia…
North P&I Club Strengthens Greek Presence
Global marine insurer North P&I Club said that Gagan Dhillon will take over Michael Asherson’s responsibilities for the Greek Membership and lead the claims team based in Newcastle.Gagan…
GEA Presents New Marine Separator
GEA presents innovative solutions that combine environmental protection with economy - The new GEA marine Separator increases efficiency on board.The new GEA separator…
Target Corporation Honors Yang Ming
Yang Ming Marine Transport Corp. was named “Provider of the Year” on 18th July, 2018 by Target Corporation, the second-largest department store retailer and importer…
Diana Shipping, Hudson Shipping Lines Pact for Time Charter
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Hudson Shipping Lines Incorporated…
Safe Bulkers Acquires Dry-bulk Vessel
Safe Bulkers announced that it has acquired a 181,000 dwt, Japanese, 2009-built, dry-bulk, Capesize class vessel at an attractive price. The acquisition was financed…
BIG LIFT: The Importance of the JH143 Builder’s Risk Surveys
The importance of a JH143 Builder’s risk survey has been well documented. Since the Joint Hull Committee created JH 143 – Shipyard Risk Assessment form was brought into effect in November 2003…
Fishing Vessel Runs Aground near Santa Cruz
Responders are working to remove fuel from the tanks of a 56-foot commercial fishing vessel that ran aground near California’s Monterey Bay National Marine Sanctuary on Sunday.The grounded vessel, Pacific Quest, is broken up and beached near Seymour Marine Discovery Center in Santa Cruz., with a maximum potential capacity of 1,200 gallons of diesel on board, according to the U.S. Coast Guard.The captain…
CMM Selects ABS Asset Management Platform
Tanker operator Consolidated Marine Management (CMM) is implementing an Enterprise Asset Management (EAM) Program with ABS Advanced Solutions.“We had intensive discussions with ABS to validate the assessment process and capabilities of the team to review our business processes, and we are quite satisfied with their technical expertise and strong EAM experience,” said Kostas G. Vlachos, Chief Operating Officer of CMM.
ZEABORN Combines E.R. Schiffahrt and Rickmers
The ZEABORN Group announced it has combined its two recently acquired Hamburg-based ship management companies to form one global brand, ZEABORN Ship Management GmbH & Cie. KG.Bremen-based ZEABORN Group has brought together Rickmers Shipmanagement, which was acquired by ZEABORN in September 2017, and E.R. Schiffahrt, acquired in February 2018. The company will trade under its new name with effect from August 10…
Air Lubrication System Saves Fuel for Diamond Princess
Silverstream Technologies said its Silverstream System air lubrication technology has been retrofitted onto the cruise ship Diamond Princess, part of Carnival Corporation’s Princess Cruises brand.The system has been in operation since June 2017, reducing fuel consumption and related CO2 emissions. It recently completed its final contract trials, which demonstrated that the original performance expectations…
HII Awarded Advance Planning Contract for USS John C. Stennis
Huntington Ingalls Industries (HII) was awarded an advance planning contract for the refueling and complex overhaul (RCOH) of the nuclear-powered aircraft carrier USS John C. Stennis (CVN 74).The contract, which is initially funded for one year and has a base value of $187.5 million, includes engineering, design, material procurement and fabrication, documentation, resource forecasting, and pre-overhaul inspections.
Maersk Line Pushes Restart in Maldives
Maersk Line announced it has restarted shipping operations to the Republic of Maldives on the heels of rapidly growing market and meeting customer needs.The world’s largest container shipping company introduced a weekly service between Colombo and Male in an initiative aiming to provide a strategic trade opportunity to countries in South Asia.“Maldives has a flourishing tourism market and offers an excellent opportunity for global trade.
Baltic Index Gains on Higher Capesize Rates
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday, pulled up by stronger demand for capesize vessels.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 18 points, or 1.1 percent, at 1,709 points.* The capesize index rose 56 points, or 1.6 percent, at 3,536 points.* Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and
VT Halter Launches New Ferry for Virginia
Mississippi shipbuilder VT Halter Marine, Inc. has launched a new ferry, Powhatam, for the Virginia Department of Transportation (VDOT).In November 2016, VT Halter Marine was awarded the contract for the design, construction and delivery of the new 499-passenger/70-vehicle ferry that will replace the current vessel, the Virginia, which was built in 1936. The new ferry Powhatam, measuring 270ft x 65ft x 15ft…
'Hyundai Town' Grapples with Slowed Shipyard and Grim Future
When Lee Dong-hee came to Ulsan to work for Hyundai Heavy Industries five years ago, shipyards in the city known as Hyundai Town operated day and night and workers could make triple South Korea's annual average salary.But the 52-year-old was laid off in January, joining some 27,000 workers and subcontractors who lost their jobs at Hyundai Heavy between 2015 and 2017 as ship orders plunged.To support their family, Lee's wife took a minimum wage job at a Hyundai Motor supplier.
Dutch Superyacht Builders Propelled by Rising Economic Tide
With three lounges, three dining rooms, an open-air jacuzzi, a bar and six luxury cabins, the 50-meter "Aster" is one of Dutch shipyard Heesen's more modest superyachts.The Netherlands, which amassed huge wealth through the technical superiority of European shipbuilders during its 17th century Golden Age, is continuing its maritime tradition by carving out a prominent place in the luxury yacht industry."It's a big year for us…
Peak Pegasus Finally Unloads US Soybeans in China
A vessel carrying U.S. soybeans was unloading its cargo worth at least $23 million at the Chinese port of Dalian on Monday, becoming one of the first shipments to…
Samsung Heavy Industries Builds Smart Ship On AWS Platform
Amazon Web Services (AWS), an Amazon.com company, announced that Samsung Heavy Industries (SHI) selected AWS as its preferred cloud provider to support its digital…
EMEC Metocean Data to Stimulate Inovation
The European Marine Energy Centre (EMEC) has provided a series of metocean data sets to be used in a new Scottish open innovation competition aiming to stimulate…
