Wärtsilä to Equip Environmentally-friendly Dredger
Wärtsilä said it bagged a contract in March to provide the engines, propellers and control system for a new, large-size hopper dredger being built by the Netherlands-based shipbuilding company Damen Shipyards Group. The vessel has been ordered by Cemex UK, supplier of building materials.Wärtsilä will prepare the engines ready for use with selective catalytic reduction (SCR) technology to reduce emissions…
Oldendorff Joins Sustainable Shipping Initiative
Dry bulk ship owner and operator Oldendorff Carriers has become a member of the Sustainable Shipping Initiative (SSI), a coalition of global shipping industry companies working toward a more environmentally sustainable maritime industry.Oldendorff joins other SSI members, including ABN-Amro, AkzoNobel, Bunge, China Navigation, IMC Shipping, Lloyd’s Register, Louis Dreyfus, Maersk, Priya Blue, Rightship and Wartsila…
Container Shipping Shakeup Needed for Higher Rates
Container shipping: Change required for higher ratesDemandThe growing imports of loaded containers into the U.S. East Coast (USEC) continues to be a focal point for the container shipping industry. Growing by 10.4 percent in Q1-2018, the first three months saw 215,000 TEU more entering the USEC than in Q1-2017. Exports grew by 55,000 TEU in the same time span, growing outbound loaded containers by 3.8 percent.This illustrates the constantly changing imbalance in U.S. foreign trade.
Seaspan to Begin Building Canada’s Joint Support Ships
Canadian shipbuilder Seaspan Shipyards together with the Government of Canada announced that work will begin soon on the Joint Support Ships (JSS) for the Royal Canadian Navy (RCN).These purpose-built vessels are being constructed as part of a strategic partnership between the Government of Canada and Seaspan under Canada’s National Shipbuilding Strategy (NSS). The vessels will meet the nation’s domestic…
Obituary: Maritime Industry Icon Jack Gallagher
John “Jack” J. Gallagher, a maritime industry veteran and environmental services pioneer, passed away on Monday at the age of 89.Jack’s greatest professional passion was his work as a Spill Manager/Qualified Individual, a role in which he had few peers. Jack was known to be fiercely committed to doing everything morally possible to protect his clients, while at the same time doing all within his power to protect the environment.
US Hits EU, Canada and Mexico with Steel, Aluminum Tariffs
The United States on Thursday said it will impose tariffs on aluminum and steel imports from Canada, Mexico and the European Union, reigniting investor fears of a global trade war as Washington's allies took steps to retaliate against U.S. goods.The move, announced by U.S. Commerce Secretary Wilbur Ross in a telephone briefing on Thursday, ended months of uncertainty about potential tariff exemptions…
d’Amico Group to Open Fleet Operations Center in Rome
d’Amico Group will build a new fleet digital operating center in Rome, Italy that will help the dry cargo and tanker shipping company to boost efficiency and safety across its fleet through increased collection of performance details and data from its ships.The new center, which is being created through a partnership with RINA and Telemar, is part of the trend toward increasing digitalization within the maritime industry.
Golar LNG Unwinds Joint Venture with Schlumberger
Golar LNG said on Thursday it would wind down its joint venture with Schlumberger, called OneLNG, which had been involved in the development of the Fortuna LNG project with Ophir in Equatorial Guinea.
Shell Starts New Gulf of Mexico Field ahead of Plan
Royal Dutch Shell on Thursday announced the start of production at the Kaikias field in the U.S. Gulf of Mexico, around one year ahead of schedule.Production from the subsea deep water development, which will reach 40,000 barrels of oil equivalent per day, comes after Shell reduced its costs by around 30 percent to allow it to generate profit at less than $30 a barrel, the company said."We believe…
Frontline Expects Greater Oil Tanker Demand
Increased scrapping of older oil tankers and the potential for higher output of OPEC crude are likely to boost vessel demand and thus rates, Oslo-listed shipper…
Petronas Buys Stake in Canadian LNG Export Project
Malaysia's state-owned oil and gas company Petroliam Nasional Bhd said on Thursday it is buying a 25 percent stake in a Canadian liquefied natural gas (LNG) export project, nearly a year after cancelling its own planned terminal.The company, known as Petronas, scrapped plans to build a $36 billion ($28 billion) LNG export terminal in British Columbia last year over concerns of a glut in the market that led to depressed fuel prices.But surprisingly strong demand from China…
US Coast Guard to hold change-of-command ceremony
U.S. Coast Guard Commandant Adm. Paul F. Zukunft will be relieved by U.S. Coast Guard Atlantic Area Commander Vice Adm. Karl L. Schultz on June 1, 2018, at 1100 hours at U.S.
SUNY Maritime mourns the Loss of Professor James McKoy
The word has been passed that long tenured and much loved and respected SUNY Maritime Professor James "Jim" McKoy has passed away after a long illness. I am sad…
Baltic Index Snaps Losing Streek
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday snapping eleven sessions of losses, supported by stronger capesize vessel rates.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 48 points, or 4.6 percent, at 1,090 points.The capesize index gained 125 points, or nearly 10 percent, to 1,401 points, after falling for eleven consecutive sessions.Average daily earnings for capesi
Offshore Oil: Tullow eyes Ghana Assets
Tullow Oil is interested in new oil blocks off Ghana's coast as part of the British explorer's plans to consolidate its operations in the West African nation, Chief Executive Paul McDade said.
Cochin Shipyard Gets Contract for Three
Cochin Shipyard Ltd. signed an agreement with the government of Kerala for the construction of three marine ambulance boats for the fisheries department.
Evac to Acquire Cathelco
Evac announced it will acquire Cathelco, a manufacturer of equipment for ships and offshore installations, a synergistic move for Evac as Cathelco customers include Evac’s current marine and offshore customer groups, including ship owners, shipyards, fleet managers, rig owners and operators, oil companies, navies, and designers. The acquisition gives Evac the opportunity to further expand its cleantech solution portfolio to its customers with the addition of new systems…
Netherlands to Ban Degassing on Inland Navigation Vessels
"The Minister of Infrastructure and Water Management, Van Nieuwenhuizen wants the degasification ban to be introduced in the Netherlands by mid-2020," said the statement.
GasLog Sets Charter Deal with Centrica, Orders New LNG Vessel
Monaco-based LNG shipper GasLog signed a seven-year charter deal with the UK-based energy company Centrica for a newbuild LNG carrier it has ordered at the South…
Diana Containerships TC for m/v Rotterdam with Wan Hai Lines
Diana Containerships announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Wan Hai Lines (Singapore) Pte Ltd.
