Diana Shipping Signs USD 75mln Term Loan Facility with BNP Paribas
Diana Shipping Inc. announced that on July 13, 2018, it signed a term loan facility with BNP Paribas for up to US$75 million with maturity date on July 16, 2023.
IMO Reviews Training Standards for Fishers
The ongoing comprehensive review of the International Maritime Organization (IMO) treaty on Standards of Training, Certification and Watchkeeping for Fishing Vessel…
Boskalis Bags New Contracts
Royal Boskalis Westminster N.V. (Boskalis) has acquired a sizable logistical management transport contract and has received a letter of award for the transport and…
RRS Sir David Attenborough Launched
The hull of the U.K.’s new polar research ship RRS Sir David Attenborough was launched from Cammell Laird shipyard Saturday, marking a major milestone toward the completion of one of the world’s most advanced scientific maritime vessels.Shipyard workers, engineers, scientists and maritime industry experts were among thousands who gathered to celebrate the launch along with special guest speakers, including renowned naturalist and broadcaster Sir David Attenborough…
Wärtsilä to Assist Transocean with Thruster Maintenance
Wärtsilä and Transocean will optimize the maintenance of all Wärtsilä thrusters installed within the Transocean fleet, while seeking to reduce dry-docking costs…
Guided Missile Destroyer Frank E. Petersen Jr. Launched
Huntington Ingalls Industries’ Ingalls Shipbuilding division launched the Arleigh Burke-class (DDG 51) guided missile destroyer Frank E. Petersen Jr. (DDG 121) on Friday.Frank E. Petersen Jr. was translated via Ingalls’ rail car system to a floating dry dock. Once on, the dry dock was moved away from the pier, and it was ballasted down to float the ship.“This is the one of the most significant milestones in the life of any ship,” said Ingalls Shipbuilding President Brian Cuccias.
German Search and Rescue Fleet Upgrades
SAR, the universal designation for Search And Rescue, can appear as a designation on air, land or marine vehicles in many different countries. Always the vehicle and the people who provide the service are treated with respect. For those who are saved from life threatening situations, SAR takes on an even greater value.Among small recreational and fishing boats along Germany’s coastlines, the SAR people have a proud history.
Thordon Bearings: EAL Protection in a Class of its Own
The ideal solution for the tightening regulatory noose also brings a different (and welcome) shade of ‘green’ for workboat operators.As the US Environmental Protection…
Heavy Lifting: New Tugs Transported for Launch
Heavy transport specialist Mammoet was recently called in to transport of two 430-ton tugboats from the Island Tug and Barge (ITB) Annacis Island facility to Vancouver Harbor.The Island Raider and Island Regent, which each measure 23.9 meters long and 12.5 meters wide, needed to be moved to Vancouver Harbor for berthing, but the ITB facility has no clear access to the water.Initial scoping of the transport route identified numerous obstacles…
New Oil Spill Tech Solutions Put to the Test
No two oil spill response operations are the same. Each can present new and even tougher challenges for spill responders as they detect, contain and recover spilled oil. Diverse aspects affecting oil spill response operations can be the physical environment, spill monitoring, use of chemical dispersants, and the availability of proper technology for the situation.Some challenges have been met through research and technology development of techniques for dealing with spills.
USS Gerald R. Ford Returns to Newport News
The U.S. Navy’s newest aircraft carrier has returned to Huntington Ingalls Industries’ Newport News Shipbuilding division for 12 months of modifications, upgrades, system improvements and repairs.On Sunday USS Gerald R. Ford (CVN 78) was moved to the shipyard’s Pier 3, where it will undergo a maintenance period typical of newly delivered warships.The $13 billion USS Gerald R. Ford, commissioned July 22, 2017, is the first ship in the nation’s newest class of nuclear-powered aircraft carriers.
ABS to Class FSRU for Turkey's BOTAS
Classification society ABS said it was selected to class a floating storage and regasification unit (FSRU) for Turkey’s oil and gas pipeline operator BOTAS.“As demand…
Video: Sick Cruise Ship Passenger Medevaced
On Saturday, the U.S. Coast Guard medevaced a man suffering from stomach pains from a cruise ship 80 miles east of Charleston, S.C.The cruise ship Adventure of the Sea contacted Coast Guard Sector Charleston watchstanders stating a passenger was in need of emergency care.An MH-65 Dolphin helicopter crew from Coast Guard Air Station Savannah launched and arrived at 7:30 p.m., hoisted the passenger and transported him to Medical University South Carolina for further care.
Oil Prices Dip as Markets Eye Potential Supply Increases
Oil prices fell on Monday as concerns about supply disruptions eased and Libyan ports resumed export activities, while traders eyed potential supply increases by Russia and other oil producers.Brent crude futures were down 26 cents, or 0.4 percent, at $75.07 a barrel at 0057 GMT.U.S. West Texas Intermediate (WTI) crude was down 27 cents, or 0.4 percent, at $70.74 a barrel.Supply outages in Libya and strike action in Norway and Iraq pushed oil prices higher late last week…
Pegasus Maritime Loses Operator Licence in Singapore
Marine fuel services provider Pegasus Maritime (Singapore) Pte Ltd has lost its licence to operate bunker crafts in the port of Singapore effective July 16, the Maritime And Port Authority (MPA) of Singapore said on Monday.The MPA has revoked Pegasus Maritime's craft operator licence after investigations earlier this year revealed the company had allowed an unlicenced craft operator to use its bunker craft to make bunker deliveries…
Norway Strike Delays Equinor Drilling; Short-term Output Safe
Norway's Equinor does not expect its output to be affected "in the short-term" after a union escalated an industrial action among drilling workers on Monday, the firm said."More drilling and well operations are affected. We will get delays ...
Euro Zone Trade in Goods Surplus Shrinks as Exports Drop
Euro zone's surplus for goods traded with the rest of the world dropped in May as exports fell and imports increased, one month before United States' tariffs on European steel and aluminium kicked in, official data showed on Monday.The European Union's statistics office, Eurostat, said the 19-country currency bloc had a goods trade surplus of 16.5 billion euros ($19.3 billion) in May, compared with 19.3 billion a year earlier…
Baltic Index Rises on Strong Capesize Rates
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Monday, driven by strong rates for capesize vessels.* The overall index - which factors in rates for capesize, panamax and supramax shipping vessels - rose 29 points, or 1.7 percent, to 1,695 points, levels last seen in December.* The capesize index was up 82 points, or 2.6 percent, at 3,238 points, highest since December.* Average daily earnings for capesizes, which typically transp
Low Water Levels Hinder River Shipping in Germany
Water levels on the Rhine and Danube in Germany remain low after recent dry weather and cargo vessels cannot sail fully loaded on some sections of the rivers, traders said on Monday.The Rhine is too shallow for normal sailings from Cologne to south Germany, traders said. All of the German section of the Danube is too shallow for full loads, they said.Shallow water means vessel operators impose surcharges on freight rates…
Tidewater and GulfMark Announce Merger
Tidewater Inc. and GulfMark Offshore, Inc. announced Monday that the boards of directors of both companies have unanimously approved a definitive agreement to combine the two companies, creating the industry’s largest owner of offshore support vessels and continuing consolidation in the offshore sector.The combined company will be operated under the Tidewater brand and will be led by Tidewater president and CEO John Rynd…