KNS, North Telecom Pact for Maritime Communications
Korean antenna manufacturer KNS has entered into a partnership agreement with Dubai-based satellite services provider North Telecom, under which the companies will…
Seanergy Maritime Holdings Revenue up by 20% in 1H 2018
Seanergy Maritime Holdings Corp. net revenues for six months ended June 30, 2018 were $38.1 million, up 20% from the first half of 2017.The shipping company generated…
Antwerp Port Fire Creates Toxic Cloud
Toxic smoke from a massive smoldering fire has triggered an evacuation in the Port of Antwerp, local media reported.All vessels and business within 6,000 feet from the fire have been evacuated…
Wilhelmsen Group Income for 2Q up by 5%
The Wilhelmsen group delivers a slight increase in top line in the second quarter, mainly supported by higher operating revenue in supply services. The positive…
Long Beach Container Volumes Dip in July
The Port of Long Beach saw a decline in container volumes in July compared to the same month a year ago, which hit a historic high that has since been surpassed.The drop…
Unifeeder Becomes Part of the DP World
Following last week annoucement of acquisition, Unifeeder Group has announced the signing of the agreed acquisition of Unifeeder by DP World.The largest Pan-European…
Aker Solutions Bags Work On Johan Sverdrup Offshore Norway
Aker Solutions has, in collaboration with Kvaerner, secured additional hook-up and commissioning work for Equinor's Johan Sverdrup field offshore Norway.Equinor…
Seaborne LPG Trade Rebounds: Dorian LPG
Seaborne LPG trade rebounded in the second calendar quarter of 2018 thanks to heavy lifting schedules in the Middle East and the United States, as well as an improvement…
Enestas Boosts SEA\LNG’s Presence in Americas
SEA\LNG, the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, announced that it has…
Port of Antwerp Tests Autonomous Sounding Boat
Port of Antwerp has reached a new milestone with the introduction of a fully automatic sounding boat that employs unique technology. The vessel, named the Echodrone…
Sovcomflot's Pskov Loads First Cargo from Yamal LNG
The liquefied natural gas (LNG) carrier Pskov completed loading at the Port of Sabetta (YNAD), with the first cargo of LNG produced from the second high-tech production…
NYK to Test Autonomous Boxship
Nippon Yusen Kaisha (NYK) and NYK Group companies MTI Co. Ltd., Keihin Dock Co. Ltd., and Japan Marine Science Inc. (JMS) have been selected by Japan's Ministry of Land…
Hapag-Lloyd to Accelerate Digitalization as it Doubles 1H 2018 Loss
The the first half year 2018 net loss of Germany's Hapag-Lloyd is more than doubled to UER 100.9 million ($116 million) from EUR 42.7 million (USD 49 million) a…
Yang Ming Sinks into Red
Taiwanese ocean carrier Yang Ming Marine Transport Corporation (Yang Ming) registered a net loss of NTD3.81 billion (USD 129.1 million) for Q2.However, the Q2 consolidated…
Indian Ports Register Positive Growth of 4.13%
The major ports in India have recorded a growth of 4.13% and together handled 231.48 Million Tonnes of cargo during the period April to July, 2018 as against 222.29…
Gulf of Guinea Plans to Enhance Maritime Security
International Maritime Organization (IMO) is supporting countries from the Gulf of Guinea region in their plans to enhance maritime security.Participants from 10 countries - Benin…
Maritime Thought Leadership: Koichi Fujiwara, ClassNK
Tokyo-based Nippon Kaiji Kyokai, or ClassNK as it is more commonly known, is one of the world's leading classification societies with 9,104 ships representing 250 million gt under register, as of June 2018. We spoke with Koichi Fujiwara, Chairman, ClassNK, earlier this year in Tokyo for his overview of the market today, and the path forward on technological trends.While Koichi Fujiwara, like many of his colleagues…
Venezuela's Crude Sales to U.S. Fall in July
Venezuela's crude exports to the United States declined to 494,400 barrels per day (bpd) in July after rising the prior three months, showing the impact of asset seizures against state-run oil firm PDVSA, according to Thomson Reuters data.July was the first month crude exports fell below 500,000 bpd since the months of January through March.U.S. oil producer ConocoPhillips in May began seizing PDVSA's overseas assets in an attempt to collect on a $2 billion arbitration award.
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Significant moments in naval architecture & marine engineeringOn October 16, 2015, U.S. shipbuilder General Dynamics NASSCO delivered the world's first liquefied natural gas (LNG) powered containership, Isla Bella, to domestic ship owner and operator TOTE Maritime. The 764-foot-long Isla Bella and its sister ship Perla del Caribe currently serve the Florida-Puerto Rico trade.Today, LNG continues to pick up steam across the industry.
Baltic Index Edges Down on Lower Capesize, Panamax Rates
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, inched down on Friday, weighed down by lower rates for capesize and panamax vessels.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 3 points, or 0.2 percent, at 1,691 points.* The index marked its biggest weekly decline in seven weeks, having fallen about 4.6 percent for the week.* The panamax index was down 10 points…
