DNV GL Releases First Cyber Security Class Notations
At the Posidonia trade fair last week, classification society DNV GL introduced its first class notations to help shipowners and operators protect their assets from cyber security incidents. The new class notations – Cyber secure – help owners and operators protect vital systems from cyber security threats. They will be published on the DNV GL rules page on July 1, 2018.“Whether in machinery, navigation or communication systems…
China to Impose 25% Tariffs on 659 US Goods
China will impose additional 25 percent tariffs on 659 U.S. goods worth $50 billion in response to the U.S. announcement that it will levy tariffs on Chinese imports, the Chinese commerce ministry said.Tariffs on $34 billion of U.S. goods including agricultural products such as soybeans will take effect from July 6, the ministry said. Soybeans are China's biggest import from the United States by value.The tariffs will also be applied to autos and aquatic products…
Trump Announces 25% Tariff on Chinese Technology
President Donald Trump on Friday announced that the United States will implement a 25 percent tariff on $50 billion of goods from China related to intellectual property and technology, and pledged to impose further levies if the Asian nation takes retaliatory measures.Trump said the tariff list includes goods from China's "Made in China 2025" strategic plan to dominate high-technology industries that will "drive future economic growth for China, but hurt economic growth for the United States and
Industry Presents on Marine Accidents and Salvage
A series of presentations organized and presented jointly by Resolve Marine Group and the SNAME - Greek Supper Section was held Wednesday, June 6 at the Posidonia 2018 exhibition in Athens.The two-hour event included a total of four presentations – two from SNAME and two from Resolve – focused on the issues of direct and prompt response to merchant vessels’ accidents and damages that have shaken the…
Rolls-Royce Chief Sets Ambitious Targets
Rolls-Royce (RR.L) said it would exceed its 2020 guidance as it announced new ambitious mid-term goals, sending its shares to four-year highs and reflecting investor faith that CEO Warren East can transform Britain’s best known engineering firm.The maker of engines for civil planes, military jets and ships has been in turnaround mode since 2015. Having on Thursday announced plans to cut 4,600 jobs as part of cost-saving measures…
Tiny Japan Shipping Shares Jump on North Korea Detente Hopes
Shares of small Japanese shippers jumped this week after the historic summit between U.S. President Donald Trump and North Korean leader Kim Jong Un sparked hopes of news business ties with the reclusive country.Japanese retail investors are snatching up shares of the firms that may benefit from a potential thaw between Tokyo and Pyongyang, even though the Japanese government has been a staunch supporter of "maximum pressure" on North Korea.Shares of Rinko Corp…
Iridium-7 Target Launch Date Set
Iridium Communications Inc. announced that the seventh Iridium(r) NEXT mission has been targeted by SpaceX for launch on July 20, 2018, from Vandenberg Air Force Base in California.The Falcon 9 rocket will launch 10 Iridium NEXT satellites to low Earth orbit (LEO) from Vandenberg Air Force Base (VAFB) in California at approximately 5:12 am PDT (12:12 UTC). An exact instantaneous launch window time will be available closer to the launch date.
Kotug Smit Towage Names Two New Tugs
European harbor towage operator Kotug Smit Towage named two of its newest tugs Rotterdam and Beagle during a ceremony Wednesday at the Port of Rotterdam, where both tugs are currently operating.The new vessels were constructed by Dutch shipbuilder Damen. The Rotterdam is an ASD Tug 2913 with a bollard pull in excess of 80 metric tons, and the Beagle is an ATD Tug 2412 Twin Fin with 72 metric ton bollard pull.During 2017 and 2018…
Bolidt Eyes Polar Cruise Sector
Bolidt Synthetic Products & Systems' position for decking and flooring in mainstream cruise ship and superyacht markets has been quickly converted into a series of business wins in the fast-emerging polar expedition cruise ship sector.The most recent contract for the Dutch manufacturer’s hardwearing, environmentally friendly and visually attractive products covers the Hurtigruten newbuildings, Roald Amundsen and Fridtjof Nansens…
Learn to Weld with a Virtual Personal Trainer
The Fohnsdorf Training Center is located in Styria, Austria. To train welders, it uses a virtual welding system – the Virtual Welding simulator from Fronius, the Austrian technology leader. The simulator employs a virtual trainer to provide 1:1 training for the center’s students, an approach that has a positive impact on training quality.A young student carefully guides the welding torch. The weaving motions she makes as she welds the single-V butt weld in front of her appear very composed…
New Coal Carrier Ordered in Japan
A new vessel has been ordered from Japanes shipyard Oshima Shipbuilding Co. Ltd. for delivey in 2021. The 98,500 dwt ship will mainly be used for transporting coal…
DNV GL Issues First Type Approval for Aluminum Cables On Ships
As the competitive and economic pressure on the shipping and offshore industries continues to grow, owners, operators and yards are searching for every efficiency. To support its customers, DNV GL has developed the first type approval scheme for the use of aluminum cables and connectors on board vessels.“This type approval represents another first for the DNV GL rule set and demonstrates our commitment to moving classification forward to help our customers…
Baltic Index Up for Fourth Consecutive Session
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Friday supported by firmer rates for capesize vessels.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 12 points, or 0.84 percent, to 1,445 points.* On a weekly basis, the index rose for a third week, gaining 3.9 percent this week.* The capesize index climbed 39 points, or 1.8 percent, to 2,223 points.* Average daily earnings for capes
Aker Arctic Tests Autonomous Ship Model
A Finnish engineering firm known for its ice-going vessel expertise says it is studying another area of ship technology: autonomous vessel operations.Aker Arctic says it recently successfully tested an autonomous ship model at its ice model test laboratory in Helsinki.The test, which was carried out in ice-free waters, demonstrated the ship model’s ability to detect obstacles in the tank utilizing onboard sensors…
Norway Wants to Build Floating Wind Farms
Norway's energy minister will meet with companies on Wednesday to discuss the potential construction of offshore floating wind farms, he told Reuters on Friday.The meeting is the first concrete step to spur development of offshore floating power generation, after the government said last December it would seek to accommodate such plans."Wednesday next week I will have a meeting with different stakeholders in offshore wind and discuss both the opening process and the regulatory framework…
Hyundai Merchant Marine Launches China-Australia Express Service
Hyundai Merchant Marine (HMM) announced that it is launching a new China-Australia express service, under the name ‘A1X (Australia No.1 Express) with carriers Evergreen and APL.
APM Terminals' New Gateway to Iraq
New pre-arrival clearance protocols and reduced terminal handling charges for containers in transit, mean that Jordan’s deep-water Aqaba Container Terminal (ACT)…
Terminal Industry Committee 4.0 Established
Recognizing the need for the container terminal industry to prepare for the 4th industrial revolution and to further advance digitalization, an open group of 15…
Monjasa Acquires Bunker Supply Vessel for English Channel Operation
Monjasa acquires the 3,600 DWT tanker, MT Fredericia for continued bunker operation in the English Channel. Leading up to the acquisition, the vessel has been on…
International Seaways Completes Acquisition of Six Euronav VLCCs
US-based tanker shipping company International Seaways (INSW) has completed the acquisition of six 300,000 dwt very large crude carriers (VLCCs) from Euronav NV.
