Van Oord Wins Taiwanese Offshore Wind Contract
Dutch marine contractor Van Oord said on Wednesday it had won a 500 million euros ($579 million) contract to build a 640 megawatt (MW) offshore wind farm in Taiwan.Van Oord will design, manufacture and install the eighty foundations for the wind farm, to be constructed eight kilometres (5 miles) off the coast of Yunlin prefecture.Installation will begin in 2020, Van Oord said, with a capacity of 350…
HamiltonJet to Unveil New Waterjet and Controls
HamiltonJet plans to launch a new generation of waterjets and advanced control systems at the SEAWORK show in July 2018.The new generation waterjet named the HTX30 has undergone years of research…
Iran's Oil Exports Fall in May, when US Quit Nuclear Deal
Iran's crude oil exports have declined slightly in May, according to estimates from a leading tanker-tracking company, in the first sign that the threat of U.S. sanctions may be deterring buyers.The estimates from Geneva-based Petro-Logistics also suggest Iranian oil buyers are not rushing to cut volumes from OPEC's third-largest producer. The U.S. sanctions have a 180-day period during which buyers should "wind down" purchases.U.S.
Dual-Fuel Engine Hits 10,000 Hours on Ethane
Hartmann Reederei, the German ship-management company, has confirmed that two of its vessels – the 36,000 m3 LEG (liquefied ethylene gas) carriers Gaschem Beluga and Gaschem Orca – powered by the world’s first ME-GIE (-Gas Injection Ethane) two-stroke engines have collectively accumulated 10,000 hours of operations since entering operation at the end of 2017.The carriers were ordered by Hartmann and Ocean Yield of Norway…
Former OW Bunker Manager Gets 18 Months in Jail
A Danish court on Wednesday sentenced the former manager of OW Bunker's Singapore subsidiary to 18 months in prison after he was found guilty of granting credit outside his mandate, contributing to the bankruptcy of the marine fuel oil supplier.The 2014 bankruptcy of OW Bunker, then the world's leading supplier of marine fuel oil with a 7 percent market share, sent shockwaves through the global shipping…
Dry Bulk Rates Continue to Slide
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday for the eleventh straight session as demand fell across all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 15 points, or 1.4 percent, at 1,042 points.The index fell for the eleventh straight session and hovered at over six-week lows.The capesize index also fell for the eleventh straight session and lost 48
Plans Emerge for Strategic Indian Ocean Naval Port
Indonesia and India pledged on Wednesday to step up defense and maritime cooperation, with plans to develop a strategic Indonesian naval port in the Indian Ocean…
S.Korea: Five Shipbuilding Regions get "Industry Crisis" tag
South Korean Finance Minister Kim Dong-yeon said on Tuesday the government will designate five key shipbuilding centres on the country's south coast as "industry…
Titan LNG Supplies New Van Oord LNG Powered Werkendam
In a joint effort between the Port of Moerdijk, the shipyard Neptune Marine, Cryonorm Systems and Titan LNG the Werkendam was supplied successfully for the first time with LNG.
ECSA Welcomes New Directive on Port Reception Facilities
The recently published proposal for a new Directive on Port Reception Facilities is welcomed by European Community Shipowners' Associations (ECSA), as it addresses…
DMA Re-elected to IALA Council
With the re-election to IALA Council, the Danish Maritime Authority (DMA) remains at the center of international cooperation on issues of safe navigation, autonomous…
Refit for Jack-up at Damen Verolme Rotterdam
Damen Verolme Rotterdam (DVR) completed a refit project on the MPI Enterprise, a 120-metre, self-elevating, DP2, wind turbine installation vessel owned and operated by MPI Offshore…
Scorpio Tankers Sells, Leaseback Six MR Product Tankers
Scorpio Tankers announced that it has agreed to sell and leaseback six MR product tankers (STI Opera, STI Virtus, STI Venere, STI Aqua, STI Dama, and STI Regina)…
DryShips Acquires Two Vessels
DryShips, a diversified owner and operator of ocean going cargo vessels, announced that it has agreed to acquire one 2013-built Newcastlemax drybulk carrier and one 2017-built Suezmax tanker…
Klaipėda LNG Terminal Receives 50th LNG Cargo
LNG reloading operation is taking place at the liquefied natural gas (LNG) terminal operated by KN (AB Klaipėdos Nafta). The Klaipėda terminal, which has an operating…
Mattis Says US Will Continue Operations in South China Sea
U.S. Defense Secretary Jim Mattis said on Tuesday that the United States would continue to confront what Washington sees as China's militarization of islands in the South China Sea, despite drawing condemnation from Beijing for an operation in the region over the weekend.Reuters first reported that two U.S. Navy warships sailed near South China Sea islands claimed by China on Sunday, even as President Donald Trump seeks Chinese cooperation on North Korea.The operation…
BWT Market is Accelerating - Optimarin
Positive developments in the ballast water treatment (BWT) are reflected by a recent surge in new business orders and revenues, says BWT specialist Optimarin.The Norwegian headquartered firm, which has now sold close to 600 of its USCG-approved Optimarin Ballast Systems (OBS), says it has shattered its initial growth forecasts for the year to date, with both orders and income up by over 50 percent year-on-year.“2017 was our best ever year in business…
Brazil Denies Total License to Drill Amazon Basin
Brazilian environmental agency Ibama on Tuesday rejected French oil company Total SA's application for an environmental license to drill in the sensitive Foz do Amazonas basin.It is the fourth time th
Crowley Launches New Caribbean Shipping Service
Crowley Maritime Corp.’s liner services group announced today that it has launched a new feeder shipping service connecting San Juan, Puerto Rico; Rio Haina, Dominican Republic; and St. Croix and St. Thomas in the U.S. Virgin Islands (USVI).With the new service, vessels depart Rio Haina on Sundays and arrive in San Juan on Tuesdays. After departure on Thursdays, cargo arrives in St. Thomas and St. Croix on Fridays, before the vessel moves to the Dominican Republic again for Sunday operations.
BW LPG Offers to Buy Dorian LPG in $1.1 Bln Deal
The world's largest liquid petroleum gas (LPG) shipper, Norway's BW LPG, is offering to buy competitor Dorian LPG in a $1.1 billion all-stock deal in an effort to boost its earnings in a weak market, it said in a statement on Tuesday.Dorian shareholders will receive 2.05 BW LPG shares for each Dorian share, equal to $7.86 per share, a premium of 13 percent from Friday's closing price, and based on BW LPG's share price on May 28.New York-listed Dorian LPG's equity is valued at about $441 million
