European Commission Signs Grant Agreement: Official Start of NAVAIS
With the signature of INEA (Innovation & Networks Executive Agency of the European Commission) on the Grant Agreement of NAVAIS, the project officially started on June, 1 2018. NAVAIS is a multiannual research- and innovation program for the shipbuilding industry. The results of NAVAIS will increase efficiency in design and flexibility in production networks. In total, the European Commission will invest € 6.5 million Euros ($7.5 mln) over a period of four years…
Mega Cranes for Port Everglades
Broward County’s Port Everglades reports that it is progressing with manufacturing the first three new Super Post-Panamax container-handling gantry cranes being built by Shanghai Zhenhua Heavy Industries Co., Ltd. Inc. (ZPMC) of China. The design phase is nearing completion, and today Port Everglades Chief Executive Steven Cernak issued a second notice to proceed to begin manufacturing the cranes valued…
Eco Marine Power Launches Hybrid Battery Packs
In cooperation with its strategic partners Furukawa Battery and Teramoto Iron Works, Eco Marine Power (EMP) has announced the release of two UB-50-12 hybrid battery packs for ship, offshore and land-based renewable energy projects. These safe, reliable and recyclable battery packs will be available in 2.4kWh and 3.6kWh configurations. Multiple battery packs can be installed together to provide the amount of energy storage needed from small scale installations to larger energy storage projects.
$12.5m Awarded for Drydock Repairs in Hawaii
GSI Pacific Inc.,* Honolulu, Hawaii, is awarded $12,481,550 for a firm-fixed-price task order (N6247818F4183) under a previously awarded multiple award construction…
Baltic Index Rises on Stronger Capesize Rates
The Baltic Exchange's main sea freight index rose for the second straight session on Friday on higher rates for capesize vessels. The overall index, which tracks…
$200m in Funds for Newport News Shipbuilding
Huntington Ingalls Industries, Newport News Shipbuilding Inc., Newport News, Virginia, is awarded a not-to-exceed $200,446,196 undefinitized fixed-price, incentive…
BP Long on Millions of Barrels of Crude off China
BP operates largest teapot marketing team among majors; four BP-chartered tankers have trouble unloading off China. Four supertankers chartered by energy major BP…
Libyan Coastguard: 100 migrants May Have Drowned Near Tripoli
Around 100 people are thought to have drowned from a migrant boat off Libya's western coast, a coastguard official said on Friday. The coastguard picked up 14 survivors…
Fincantieri's Ancona Lays Keel for Seven Seas Splendor
Italian shipbuilder Fincantieri has held a keel laying ceremony for Seven Seas Splendor, the second cruise ship being built for Regent Seven Seas Cruises, a brand…
Novatek, Sovcomflot Pact for LNG Shipping from Yamal LNG
Leonid Mikhelson, Chairman of the Management Board of PAO Novatek and Sergey Frank, General Director of PAO Sovcomflot have signed a Strategic Cooperation Agreement…
Customers Not Happy with Service Quality of Ocean Carriers
The service provided by container shipping lines has deteriorated since 2016 and is now seen by exporters, importers and freight forwarders as more problematic,…
Secretary of the Navy Visits Marinette Shipyard
Secretary of the Navy, The Honorable Richard V. Spencer, visited the Fincantieri Marinette Marine shipyard, the home of Freedom-Variant Littoral Combat Ship production.
Euroseas Sells Bulk Carrier M/V Monica
Euroseas, an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced the delivery of M/V Monica P…
Star Bulk Carriers Acquires 3 Dry Bulkers from Oceanbulk Container Carriers
Star Bulk Carriers announced that it has closed the previously announced acquisition of three newbuilding Newcastlemax dry bulk vessels in an all-share transaction…
Navios Maritime Acquisition Corporation to Acquire Outstanding Units of Navios Maritime Midstream Partners
Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced that it has submitted a proposal to the board of directors of Navios…
Maritime Single Window for Antigua and Barbuda
An exciting new phase in a project to develop a maritime single window for Antigua and Barbuda has begun, with the installation of the first, basic system platform…
Shipping Industry Confidence Holds Firm: Moore Stephens
Shipping confidence held steady in the three months to end-May 2018 according to the latest Confidence Survey from international accountant and shipping adviser Moore Stephens.
New Research in Biofilms: Fighting Nature with Nature
Underneath the glistening patchwork of blues and greens lurks an intricate world of unique animal communities, diverse landscapes, and changeable conditions. The…
Rerouting a River
The Old River Control Structure and its future implications for the Mighty MississippiPrior to about 1500, the bodies of water now called the Mississippi River and…
BAE Wins $25.7 billion Australian Shipbuilding Deal
Deal covers nine anti-submarine warfare ships; BAE beat Italy's Fincantieri and Spain's Navantia. Britain's BAE Systems PLC has won a A$35 billion ($25.7 billion)…
