Oldendorff Halts Guyana Operation Due to Rusal Crisis
German shipping group Oldendorff Carriers is stopping its business in Guyana, the company said on Friday, after the United States blacklisted Russian aluminum producer Rusal, which has a plant in the South American country.The United States on April 6 imposed sanctions against Russian entities and individuals to punish Moscow for its alleged meddling in the 2016 U.S. election and what the U.S. Treasury Department dubbed other "malign activity".Since then…
Newbuild Kreuz Challenger Mobilized for Brunei Shell Contract
Subsea services company Kreuz Subsea has mobilized the recently delivered newbuild dive support vessel, Kreuz Challenger, as part of its seven-year contract with Brunei Shell Petroleum Company Sdn. Bhd. (BSP).The contract, which runs until 2022, includes supporting BSP with inspection, repair and maintenance services to be carried out on offshore oil and gas structures in Negara Brunei Darussalam's territorial waters.Typically located in water depths of up to 80 meters…
Truman Strike Group Enters European Theater
The Harry S. Truman Carrier Strike Group (HSTCSG) entered the U.S. 6th Fleet area of operations April 18, 2018 as part of a routine deployment in support of NATO allies, European and African partner nations, coalition partners, and U.S. national security interests in Europe and Africa. The presence of the HSTCSG demonstrates the multi-mission capability of the U.S. Navy’s globally deployed force and…
Dry Bulk: Capesize Rally Continues
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, hit an over three-month high on Friday as a rally in the capesize vessel segment helped the index record its best week since August 2014.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 80 points, or 6.7 percent, at 1,281 points, the highest level since Jan.
Odfjell Drilling to Expand Fleet
Offshore rig firm Odfjell Drilling plans to expand its floating rig fleet to between six and 10 from four now, it said on Friday, the latest sign of recovery in the energy industry.After cuts in exploration spending following an oil price plunge that began in 2014, energy firms are now hiring rigs as crude prices have recovered some ground.Odfjell raised $175 million via a new share issue on Thursday to help buy semi-submersible Stena Midmax Rig from Samsung Heavy Industries for $505 million.
Ships Carrying US Sorghum U-turn after China Tariffs
Several ships carrying cargoes of sorghum from the United States to China have changed course since Beijing slapped hefty anti-dumping deposits on U.S. imports of the grain…
Up to Nine Hurtigruten Ships Will Switch to Hybrid Power
Norwegian cruise ferry operator Hurtigruten has signed a Letter of Intent with Rolls-Royce to upgrade up to nine vessels to hybrid power.The main engines on up to nine cruise ships will switch from diesel to gas power, and the upgrade will also include installation of a hybrid battery system.The deal comprises the supply of equipment to six existing passenger cruise vessels, with an option for a further three.
Scrubbers 'No Silver Bullet' for Shipping -Wartsila
Global shipping fleet must cut sulfur emissions by 2020. Wartsila received record orders for sulfur scrubbers last year. Shipping industry hopes that so-called sulfur scrubbers are a quick-fix solution to compliance with drastic emissions reduction demanded by 2020 are somewhat misguided, one of the world's biggest manufacturers of the equipment told Reuters. The International Maritime Organization's…
Liebherr´s New Floating Crane Goes to Market
The latest four rope grab crane development of Liebherr´s floating crane segment is going to be installed on a converted handymax bulk carrier (45,000 DWT) with…
Sunken Barge Located in the Ohio River
A runaway barge that went missing after sinking near Cairo, Illinois has been located near mile marker 964 on the Ohio River on Thursday.The barge carrying pig iron…
CMA CGM to Acquire 25% Stake in CEVA
French container shipping company CMA CGM said on Friday it would buy a stake of around 25 percent in Ceva Logistics, which is being listed on the Swiss stock market.CMA CGM said that as part of this process, it would subscribe to a 380-450 million Swiss francs ($463 million) convertible bond offering by Ceva Logistics.CMA CGM, which is controlled by the Saade family and is one of the world's biggest container lines, said the stake would complement its existing maritime transport businesses.CMA
Shell Active in Mideast, Russia Crude Liftings
Oil major buys various grades from Qatar, UAE, Russia; re-sells Qatar Marine and Sokol. Royal Dutch Shell has snapped up more than 8 million barrels of Middle East…
Panama Canal LNG Volume Soars as Global Demand Grows
The Panama Canal may carry five times as much liquefied natural gas (LNG) in 2020 as it did last year as production of the fuel expands in the United States and Asian import demand rises, the head of the canal's governing agency told Reuters.LNG volumes traversing the Canal could hit 30 million tonnes a year before the end of 2020, said Jorge Quijano, who leads the Panama Canal Authority, up from 6…
20,000 TEU Cosco Shipping Gemini Delivered
The 20,000 TEU containership Cosco Shipping Gemini was officially named and delivered. The vessel was built by the Chinese shipyard Dalian Shipbuilding Industry…
Navios Maritime Acquisition Corporation Inks Sale and Leaseback Pact
Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced that it has completed a $71.5 million sale and leaseback agreement for four MR2 product tankers.
Port of Rotterdam Freight Throughput Falls in 1Q
In the first quarter of 2018, 1.2% less freight passed through the Port of Rotterdam than in the same period last year. In total, 117.8 million tonnes were handled…
Russian Maritime Register of Shipping Visits ACSC
Azerbaijan Caspian Shipping Company (ACSC) held a meeting with Konstantin Palnikov, the General Director of the Russian Maritime Register of Shipping (RS), which…
American Waterways Operators Responds to Senate
On Wednesday, the U.S. Senate rejected legislation - Vessel Incidental Discharge Act (VIDA) - that would have simplified regulatory oversight of vessel discharges.
New DOP Dredger Series from Damen
Damen Dredging Equipment has launched a new DOP Dredger Series following the success of the DOP submersible dredge pump, which has proved its versatility across the globe.
IMO Trains Iranian Officials
Iranian officials responsible for implementing IMO standards on air pollution and greenhouse gas emissions from shipping are undergoing IMO training at a national workshop in Tehran…
