Japan's LNG Imports Slide to Lowest Since May 2016
Japanese imports of liquefied natural gas (LNG) in June fell to the lowest in more than two years as the country's utilities switched on more nuclear reactors that had been shut in the wake of the Fukushima atomic disaster in 2011.Japan has six reactors operating and three others have passed safety inspections and could be operating by October, allowing utilities to switch away from LNG. Spot prices for the fuel rose to three-and-a-half-year high in June.Japan…
GAC Angola Renews Ship Agency Deal with POSH Semco
Offshore marine services provider PACC Offshore Services Holdings Ltd. (POSH) has reaffirmed its working relationship with GAC Angola by renewing its ship agency contract for Soyo and Luanda and extending the agreement to include Cabinda.Under the deal, GAC now provides an integrated range of services for the POSH fleet at all Angolan ports, including crew handling, spares clearance and delivery, bunker fuels and inward/outward clearance of vessels.Kelvin Teo…
Wartsila's Ship Technology Outlook Brightens
Ship technology and power plant maker Wartsila missed profit expectations on Thursday, citing postponed energy projects, but new orders beat forecasts with the help of rising demand for its marine sulphur scrubbers.Shares in the Finnish company dropped 4 percent by 0920 GMT after second-quarter core profit came in flat from a year ago at 123 million euros, way below the 147 million euros expected by analysts in a Reuters poll.CEO Jaakko Eskola…
Raytheon Anschütz: New Radar NX Software
Raytheon Anschütz offers a new navigational radar and chart radar software. It is designed with an intuitive user interface and a smart range of scalable functionality characterize the new Synapsis Radar NX application. With the new radar and chart radar application, Raytheon Anschütz completes the Synapsis NX series of innovative bridge navigation systems.“Radar NX was developed in accordance with human-centered design principles," said Björn Schröder, product manager for radar and ECDIS.
PGS Below Q2 Expectations but Outlook Improves
Shares of seismic services company PGS, which surveys the seabed for oil and gas deposits, dropped on Thursday on lower-than expected second-quarter results but its CEO said the market outlook was improving.PGS's April-June core operating earnings (EBITDA) rose to $136.0 million, below the $144 million expected by analysts in a Reuters poll, but up from $112.5 million in same quarter last year.Its shares traded three percent down by 0911 GMT, after dropping eight percent in early trade."We see a
DP World Acquires India's Continental Warehousing
Hindustan Infralog (HIPL), a joint venture between DP World and the National Investment and Infrastructure Fund (NIIF), announced that the transaction to acquire…
Mermaid Maritime Wins Middle East Contract
Thailand-based subsea and offshore drilling services company Mermaid Maritime Public Company announced that its Middle East business unit has been awarded a subsea…
Asian Piracy Drop to 10-Year Low, Says ReCAAP
A total of 40 incidents of piracy and armed robbery against ships (comprising 29 actual incidents and 11 attempted incidents) were reported in Asia during January…
Shipping Losses Continue to Fall
Large shipping losses have declined by 38 percent overall in the past decade, according to the Safety & Shipping Review 2018 by Allianz Global Corporate & Specialty (AGCS).Further…
Yang Ming Marine Transport Upgrade China-Indonesia Service
Taiwanese ocean shipping company Yang Ming Marine Transport Corp. (YM) will upgrade its China to Indonesia Service (CTI service).Four container vessels of nominal 4…
Singapore, Rotterdam to Strengthen Cooperation
The Maritime and Port Authority of Singapore (MPA) and Port of Rotterdam Authority (PoR) renewed their Memorandum of Understanding (MoU) on cooperation in Information…
European Shipowners Welcomes EPA
The European Union (EU) and Japan signed the EU-Japan Economic Partnership Agreement during the 25th EU-Japan summit in Tokyo. The European Shipowners welcome the…
MACC is Definitely Back
Even Mother Nature Can’t Dent the Enthusiasm at this Year’s MACC.Curtis Bay, MD: On the morning after the Baltimore, MD area received a record 3.5 inches of torrential rain in just 90 minutes…
Largest Oil Shipment Sent from Vancouver to China Since 2015
An Aframax tanker is scheduled to deliver the largest shipment of crude oil from Vancouver to China since January 2015 later this month, Thomson Reuters trade flow data show.For years…
US Accuses N.Korea of Fuel Smuggling
The United States accused North Korea on Thursday of breaching a U.N. sanctions cap on refined petroleum by making illicit transfers between ships at sea, according to a document seen by Reuters, and demanded an immediate end to all sales of the fuel.The United States submitted the complaint to the U.N. Security Council North Korea sanctions committee. The charge of a sanctions breach comes as Washington…
Marlink's €622m Dividend Recapitalization Loan Pulled
A €622m-equivalent dividend recapitalization and refinancing loan for Norwegian satellite navigation group Marlink has been withdrawn from the market, sources familiar…
MarineLink's Photo of the Week
View from the top of the crane to the bow and opened hatches at sunrise.Herbert Boettcher worked out the photo on a heavy lift vessel during his trip through Europe, the Asian part of Turkey and his passing the Suez Canal. He flew back home from Egypt. Today, this vessel sails with the Name Maple Lotta. Boettcher started with his worldwide long-time project Seamotion in 2004. Boettcher is a German…
Stena Inks Order for Two Additional E-Flexer Ships
Ship owner Stena said it has decided to exercise its option to order its seventh and eighth E-Flexer vessels from Avic Weihai Shipyard. The two new vessels will be deployed within Stena Line’s route network with a planned delivery in 2022.Additionally, Stena RoRo has taken an option on the construction of a further four E-Flexer vessels that would also be built at the same Chinese shipyard.Niclas Mårtensson…
MODEC Secures FPSO FEED Contract
MODEC, Inc. subsidiary MODEC International Inc. has been awarded a contract by ConocoPhillips Australia, as operator of the Barossa joint venture, for the Front…
Royston Completes FPSO Engine Overhaul
An engineering team from power specialist Royston has completed the overhaul of engines on a floating production storage and offloading (FPSO) vessel, operated by Bluewater Services.Engineers undertook the 16,000-hour service on the Wartsila W6L46 diesel engines onboard the 252m, 103,000 DWT Samsung built Haewene Brim, as part of a comprehensive refurbishment and refit of critical fuel and power systems.The…
