Harper Petersen Appoints New Managing Directors
Simon Aust, Managing Director of Hamburg-based shipbroker Harper Petersen, is leaving the company later this year. The management of Harper Petersen in Hamburg will…
Kumera AS acquires Helseth AS
Kumera AS signed an acquisition agreement with Helseth Invest AS. The agreement will integrate CP propeller manufacturer Helseth AS into Kumera AS marine gearbox operations.
S&P Upgrades Panama Canal's Outlook
Two years after the inauguration of the Expanded Panama Canal, Standard & Poor's (S&P) Global Ratings revised its outlook on the Panama Canal from ‘stable’ to ‘positive’…
Egypt Denies Suez Canal Seeks 300 mln Euro Loan
Egypt's government denied in a statement on Thursday that the Suez Canal Authority was seeking a 300 million euro loan from Gulf lenders. Three senior banking sources…
Fall from Grace: Batista Gets 30-Years for Corruption
Eike Batista, the former mining and oil magnate who was once Brazil's richest man, was convicted and sentenced to 30 years in prison for bribing Rio de Janeiro state's disgraced ex-governor, according
Steel Trade: Thyssenkrupp Restructuring After Steel Deal
Thyssenkrupp Chief Executive Heinrich Hiesinger said he would restructure the German industrial conglomerate further after signing a long-awaited deal to merge its steel assets with those of India's Tata Steel.The steel merger, which will create Europe's second largest steel business with annual sales of 17 billion euros ($19.8 billion), was finally sealed last weekend after two years of at times difficult…
Workboat Design: Interview with Bob Hill
Robert (Bob) Hill of Ocean Tug & Barge Engineering Corp., of Milford, MA has specialized in the design of AT/B’s for many years. As probably the world's most experienced designer of large articulated tug/barge (AT/B) systems, Hill’s success comes, in part, from a willingness to innovate. Ocean Tug & Barge Engineering Corporation and Robert Hill are the co-inventors of the Intercon Connection System.
Algoma Joins Whale Conservation Efforts
Algoma Central Corporation, the largest fleet of dry and liquid bulk carriers on the Great Lakes–St. Lawrence Waterway, is adding the crews from 27 of its vessels to an expanding network of whale watchers. For the first time, the crews on Algoma’s self-unloaders, bulkers, tankers and cement carriers will collect data about the whales they see on their journeys this summer."Algoma is committed to providing sustainable and environmentally responsible marine transportation…
Seven Vega takes shape at Royal IHC
The keel laying ceremony for Subsea 7’s new reel-lay vessel took place at Royal IHC in Krimpen aan den IJssel (Netherlands), July 5th. In line with this major milestone Subsea 7 announced the vessel will be named Seven Vega, which is the winning suggestion of an employee vessel naming competition. Stuart Fitzgerald, Executive Vice President Strategy and Commercial Subsea 7 said: “The vessel marks an important investment for the future.
Cudós Tapped to Lead Engineering and Construction for SENER
SENER appointed Jorge Sendagorta Cudós to be head of the Engineering and Construction area. He was, until now, the country manager of SENER in Mexico. SENER's Engineering and Construction area, which will be managed by Cudós, comprises three Business Units: Infrastructure and Transport; Renewables, Power, Oil & Gas; and Marine. It has branches in Algeria, Argentina, Brazil, Canada, Colombia, South Korea…
49 Missing After Boat Capsizes off Thailand's Phuket Island
Forty nine people are missing after a boat carrying 97 people, including Chinese tourists and Thai crew, capsized in rough seas off Thailand's tourist island of Phuket, the Thai navy said on Thursday.
Iran's Guards Say Strait of Hormuz is For All or "No One"
The head of Iran's Revolutionary Guards said on Thursday their forces were ready to implement Iran's threat to block the Strait of Hormuz and that if Iran cannot sell its oil under the U.S.
Aegean Marine Shares Soar as Mercuria Provides $1 bln Lifeline
Energy trader Mercuria Group has agreed to provide a $1 billion trade finance facility to Greece's Aegean Marine Petroleum Network, the marine fuel logistics and supplies company said on Thursday, sen
Reacting to Iranian Threat, U.S. Navy Says Will Protect Free Flow of Commerce
The U.S. Navy stands ready to ensure freedom of navigation and free flow of commerce, a spokesman for the U.S. military's Central Command said on Thursday, after…
Radio Holland Books Six-Ship Order From Royal Bodewes
Radio Holland Netherlands has received an order for a full Nav/Com package for six vessels being built at Royal Bodewes in Hoogezand, highlighting longstanding relationships, both with Royal Bodewes and manufacturer Furuno. The FURUNO FAR-22x8/23x8 series is characterised by its state-of-the-art antenna design and innovative signal processing techniques. Radio Holland will install the new FAR radar, together with 26” screens, on all six of the new vessels, which are being built at Royal Bodewes.
MHI Holds Ceremony for Taiheiyo Ferry
Mitsubishi Shipbuilding Co., Ltd., a Group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Yokohama, held a christening and launch ceremony yesterday for Taiheiyo Ferry Co., Ltd's "Kitakami". The vessel will replace the old Kitakami, one of three large ferries providing regular service between the ports of Nagoya, Sendai, and Tomakomai (Hokkaido). By eliminating the large shared cabin,…
Damen's Danish Electric Public Transport Project Kicks Off
Damen Shipyards Group recently signed a contract with leading multinational public transport company Arriva Danmark for five fully-electric ferries, known as the Damen Ferry 2306 E3. Damen E3 vessels are designed with the philosophy of being environmentally friendly, efficient in operation and economically viable. Arriva will operate the ferries for its client, Danish public transport agency MOVIA, in the country’s capital city Copenhagen.
MS EUROPA 2 Meets Breakdancing
Guests on board the luxury ship EUROPA 2 will to be enchanted by a unique performance that blends breakdancing and classical music. The internationally renowned “Flying Steps” dance group will make their EUROPA 2 debut in July, and will perform their dynamic “Flying Bach” show on a cruise that started yesterday in Monte Carlo, cruising the Mediterranean Sea to Palma de Mallorca. Under the artistic direction of Vartan Bassil…
Baltic Index Hits Near 7-month High on Rising Capesize Demand
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for the sixth straight session on Thursday due to higher demand for capesize vessels.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 45 points, or 2.872 percent, to 1,612 points, the highest since Dec. 15.* The capesize index gained 270 points, or 9.843 percent, to 3,013 points, a peak since Dec.
A 33% Rise in SENER’s EBITDA
In order to reflect the most important facts as regards projects, social initiatives and economic results from 2017, SENER has published its Annual Report for the ninth consecutive year, a bilingual (Spanish-English) document with the slogan “The drive to move forward” which also strengthens its commitment to transparency and responsible communication. One of the most important milestones was, after obtaining full authorization…
