Tugboat Runs Aground in New Jersey
The tug boat Sea Cypress has run aground on the beach in Lavallette, N.J., July 24, 2018.U.S. Coast Guard personnel are working with local partner agencies to refloat the vessel.The cause of the indecent is under investigation.
Long Drought Puts Pressure on Dutch Shipping Sector
The longest drought in decades is drying out rivers in the usually wet Netherlands, hitting cargo traffic and threatening a shortage of bulk supplies ranging from hops for beer brewers to cement for the construction sector.The summer of 2018 looks set to overtake 1976 as the driest one on record in the Netherlands, with almost no rain for two months and currently not expected until well into August.An…
Beele Engineering Develops Fire Safe Plastic Transit System
Beele Engineering has developed a new range of HE plastic transit sleeves and frames to provide for the reliable and comfortable transit of cables and pipes and to provide for a fire-resistant, gas, smoke and watertight seal. The new transit sleeves and frames form part of the NOFIRNO system technology and can be used in various ways, including in sandwich panels.The HE plastic version enables Beele Engineering to offer solutions that are not only fire safe, but also light-weight.
Reach Subsea Scores Work in Houston
Norwegian based offshore services provider Reach Subsea said its Houston office has secured several contracts from oil majors in the region, comprising some 100 days of work.Reach Subsea opened its Houston office earlier this year with sights on expanding its services into the important subsea hub. So far, the company has executed a couple of projects in the region utilizing subsea spreads hired-in on a project-by-project basis.
Baltic Index Hits Over 4-1/2 year Peak
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Tuesday to mark its highest in over 4-1/2 years, boosted by stronger rates for larger vessels.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 56 points, or 3.3 percent, to 1,774 points - a peak since January 8, 2014.* The capesize index rose 157 points…
Eagle Bulk Buys Ultramax Bulk Carrier
Eagle Bulk Shipping Inc. continues its fleet renewal strategy with today’s announcement that it has acquired a secondhand bulk carrier for a purchase price of $21.2 million.The ship…
The ABB Electric Tow Boat Beckons to Inland Operators
Long a staple for offshore service providers, a more compact and carefully designed version of the diesel electric option is now available for inland pushboats.
Maersk: India Recording a 14% Upturn
India´s containerized trade with the BRICS´ nations trademarks a rise of 14 percent. Export trade from India to Brazil, China, Russia and South Africa in Q1 2018 increased 7,5 percent YOY from same period last year. South Africa turned to be Indian´s top trade partner.BRICS EXIM trade registers steady growth of 1.5 percent in Q1 2018 compared to Q1 2017. “Last year, the BRICS´ joint contribution to the world economy was 23.6 percent…
China's Stricter Ship Emissions Rules a Boon for IMO 2020 Compliance
Tighter rules on shipping emissions around China's coastlines from the start of next year is a clear sign the world's No.
Mega Containership Equipped with ABB Turbochargers
ABB turbochargers installed on board China’s largest containership help to ensure optimal performance and fuel efficiency.The flagship in COSCO SHIPPING Lines’ Universe mega containership series, the 21,000+ TEU COSCO Shipping Universe, was delivered in June 2018 by Chinese shipbbuilder Jiangnan Shipyard (Group) Co. Ltd. The vessel is equipped with three ABB A180-L two-stroke turbochargers to match…
Russia: 3 Killed in Volzhsky Shipyard Explosion
A gas explosion has taken place at the Volzhsky Ship Repair Yard in Russia’s Volgograd Region, Tass reported quoting a source in the regional head office of the…
Samsung Heavy Industries Post Quarterly Loss
Seoul-listed South Korean shipbuilder Samsung Heavy Industries (SHI) sunk into the red in the second quarter, on increased costs and one-off losses.SHI said in a…
Truman Strike Group Returns to Norfolk, Remains Ready
Nearly 6,500 Sailors of the Harry S. Truman Carrier Strike Group (HSTCSG) arrived in Naval Station (NS) Norfolk, Virginia, July 21.The aircraft carrier USS Harry S.
Hikawa Maru's Technological Links to Showa Era
Hikawa Maru, which is owned by Nippon Yusen Kabushiki Kaisha (NYK)x, has been recognized by the Japan Society of Naval Architects and Ocean Engineers (JASNAOE) as…
Ocean Rig Announces New Contracts
The international contractor of offshore deepwater drilling services Ocean Rig UDW has entered into a new drilling contract with Chariot Oil & Gas Limited for a one-well drilling program…
Scorpio Bulkers Back in the Black
With a net profit of USD 0.8 million, Scorpio Bulkers shows positive results in the second quarter of 2018 compared to a net loss was USD 13.4 million for the the…
IMO on Maritime Security in 21st Century
International Maritime Organization (IMO) Secretary-General Kitack Lim has highlighted the Organization’s work and response to a changing maritime security landscape.Speaking…
SPECIAL REPORT: GREAT LAKES BUSINESS and The Great Lakes Group
Embracing and spanning the full breadth of Great Lakes geography and business mix, GLG’s Joe Starck has his multi-missioned firm looking to the future – in more…
'Treasure Ship' Discovery Claim Raises Eyebrows
A South Korean company’s claims that it has discovered the wreck of a Russian warship containing $130 billion in gold “treasure” off South Korea has been met with scepticism from researchers and regulators in Seoul.Shinil Group, which was established last month, said on Tuesday it had discovered the wreck of the Dmitrii Donskoi, a Russian armored cruiser built in the 1880s and sunk in 1905 after battling…
Asian Cruise Market Growth Continues -Report
Cruise vacations are growing increasingly popular in Asian markets, according to the latest report from trade association Cruise Lines International Association (CLIA).Asian-sourced ocean cruise passenger numbers hit another record high in 2017 with more than 4 million taking an ocean cruise (up 20.6 percent), CLIA’s 2018 Asia Cruise Trends report revealed.Asia accounted for about 15 percent of total…
