DNV GL Invests in Public Blockchain Service Provider VeChain
DNV GL, the risk management and quality assurance company, has bought a stake in leading public blockchain service provider VeChain as it looks to use the technologyâŠ
New Online Tool Aids 2020 Sulfur Compliance
The new âSulfur 2020 â Options Evaluatorâ from Lloydâs Register (LR) aims to help the industry identify the best strategy for compliance with the global sulfur in fuel oil limit of 0.50 percent m/m, which comes into effect on January 1, 2020.According to LR, the âOptions Evaluatorâ aims to bring clarity to what the potential cost and investment implications could be for the various compliance strategiesâŠ
Bahri Chooses Digital Strategic Partner
Saudi Arabia based Bahri Group, one of the largest ship owners in the Middle East and the largest owner of very large crude carriers (VLCC) in the world, has opted for digital solutions from Singapore based MariApps Marine Solutions to help meet its ship management software requirements. Majid Al-Shenaiber, Senior VP, Information Technology, Bahri Group, and Sankar Ragavan, CEO MariApps Marine Solutions, signed the agreement at the Bahri offices in Dubai on May 13.
Keel Laid for Future USS Daniel Inouye
On Monday, May 14, shipbuilder General Dynamics Bath Iron Works held a keel laying ceremony for the U.S. Navyâs future USS Daniel Inouye (DDG 118). The $642.5 million Arleigh Burke-class destroyer DDG 118 has been under construction since October 2014 and is now over half completed. The 3,000-ton keel unit was moved onto the building ways from the Maine shipyardâs Ultra Hall earlier this year, signifying the start of hull integration and the precursor to integration, test and trials. The U.S.
Financiers Turning the Tide on Shipbreaking Practices
The shipping industry has long been criticised by campaigners for allowing vessels to be broken up on beaches, endangering workers and polluting the sea and sand. Now, it is being called to account from a quarter that may have a bit more clout - its financial backers. Norway's $1 trillion Oil Fund, a leader in ethical investing, in February sold its stake in four firms because they scrap on the beach.
Statoil to Become Equinor, Dropping 'Oil'
Shareholders in Norway's largest company, Statoil, will approve on Tuesday the board's proposal to drop "oil" from its name as its seeks to diversify its business and attract young talent concerned about fossil fuels' impact on climate change.From Wednesday, the majority state-owned company will change its 46-year-old name to Equinor and trade on the Oslo Exchange under the new ticker EQNR.The Norwegian governmentâŠ
Alexis Marine To Retrofit Rivertough to Salt Lugger
Louisiana-based inland workboat operator Alexis Marine has awarded a supply contract to Thordon Bearings for the retrofitting of 6in diameter RiverTough bearings to MV Kristin Alexis, the 60ft twin-screw towboat built by Bollinger Shipyard in 1969.Both the vesselâs shafts will be withdrawn at New Orleans yard Bayou Fabricators and Machine Works, where the original rubber bearings will be replaced withâŠ
Master Marine Delivers Towboat to Waterfront Services
Alabama shipbuilder Master Marine has delivered Sam P. Hise, the third towboat in a series of four newbuilds for Illinois-based inland operator Waterfront Services Co.The 67â x 28â boat is set up with 10,400 gallons of fuel, 4,359 gallons of potable water and 9,500 gallons of ballast water along with providing a maximum 7â 9â working draft.Each vessel will be powered by a pair of Laborde Products, Inc.
Torm Stops Taking Orders in Iran Due to US Sanctions
Danish oil product tanker operator Torm on Tuesday said it has stopped taking new orders in Iran as a consequence of U.S. plans to reimpose sanctions on Tehran."We follow the situation closely and always follow the rules. Therefore, we have also stopped taking new orders in Iran," a spokeswoman told Reuters.Torm operates 79 oil product tankers worldwide.The United States last week withdrew from anâŠ
Angola LNG Ramps Up Exports ahead of Maintenance
Angola's sole liquefied natural gas (LNG) project is stepping up exports of cargoes in the spot market ahead of maintenance, three industry sources said on Tuesday.The plant has issued several tenders in the spot market for LNG cargoes to load in May and June, the sources said.Angola's Soyo plant, which has a capacity of 5.2 million tonnes of LNG per year, will be undergoing a planned shutdown for maintenance in JulyâŠ
Norway Expects Gas Export Prices to Slip in 2019
Prices of Norwegian gas exports are likely to rise slightly this year amid strong demand, but will fall back in 2019 as liquefied natural gas (LNG) deliveries in Europe are expected to increase, the government said in its revised budget on Tuesday.Europe's largest gas supplier after Russia forecast gas export prices would rise by 0.1 crowns per standard cubic metres (sm3) to average 1.8 crowns (22.43 U.S.
Marine Jet Power Hires Tilton
Jordan Tilton has rejoined the Marine Jet Power (MJP) sales team as Program Manager responsible for key account management and aftermarket business development in the Americas.Tilton has more than 15 years experience in the commercial marine sector. He began his career on the Great Lakes captaining high speed ferries and also worked as a captain on board yachts and commercial vessels in the Gulf Coast and Caribbean before joining U.S.
Yanmar Hires Nordics Regional Manager
Yanmar Marine International has appointed Daniel Sundberg as its new Nordics Regional Manager to oversee sales, after-sales and marketing related to the manufacturerâs commercial and leisure marine engines and other Yanmar Group brands in Norway, Sweden, Finland, Estonia and Latvia.Sundberg's position encompasses the roles of Nordics Regional Manager, General Manager of Yanmar Norway and General Manager of Yanmar Sweden.According to YanmarâŠ
Damen Shows New Class of Fish Farm Vessels
Damen has held the first viewing of its UV 4312 Fish Farm Support Vessel. The new class is the result of extensive discussions with the global fish farming industry and the result is a versatile vessel specifically designed to undertake the maintenance and support tasks particular to saltwater fish farms. The open day took place at the groupâs headquarters at Damen Shipyards Gorinchem and was held for the benefit of operators from across the global sector.
Fifth US Sorghum Vessel Heads to Spain
The RB Eden vessel carrying 70,000 tonnes of U.S. sorghum is heading to the Spanish port of Cartagena, Thomson Reuters Eikon ship-tracking data showed, in what will be a fifth cargo of U.S.
Nord Stream 2 Dredging Starting Off German Coast
A consortium of western companies and Russia's Gazprom that is due to build the controversial subsea Nord Stream 2 gas pipeline to Germany said on Tuesday it was starting preparatory work in the Greifswald bay off Germany's Baltic coast."Five dredgers are now working on the trench for the two pipeline strings," the consortium, based in Switzerland's Zug, said in a press release. Nord Stream 2 willâŠ
Dry Bulk Vessel Rates Sag Across Segments
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, declined on Tuesday, hurt by lower rates across all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 8 points, or 0.5 percent, at 1,468 points.The capesize index lost 33 points, or 1.3 percent, to end at 2,602 points.Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore
U.S. Coast Guard Responds to Collision
The Coast Guard Sector New York is responding to a report of a collision at sea May 12, 2018, involving the loaded tankship Tofteviken and the commercial fishing vessel Polaris.
Pacific Basin Acquires Four Vessels
Hong Kong-based dry bulker company Pacific Basin Shipping has decided to acquire four bulkers with 50% equity funding. "On May 14, 2018, PB Vessels Holding LimitedâŠ
RadiantFleet Pact with River Advice AG
RadiantFleet announced closing an agreement with River Advice AG. The agreement includes the use of RadiantFleet platform (Software as a Service) for Crew and Payroll Management.
