US Could Reach 355 Ship Navy in 2030s -Official
The U.S. Navy could build its strength to 355 ships over a decade earlier than previously thought due to an increased shipbuilding budget and tempo as well as extending the service for some ships in the current fleet, a Pentagon official told a Congressional panel on Thursday. The goal of a larger Navy, one of President Donald Trump's signature issues from the campaign trail, could be achieved in the 2030s instead of the 2050s…
IMO Reaches Deal to Cut CO2 Emissions
The United Nations shipping agency reached an agreement on Friday to cut carbon emissions, following years of slow progress. The compromise plan, which will cut emissions by at least 50 percent by 2050 compared with 2008 levels, fell short of more ambitious targets. Kitack Lim, Secretary-General of the International Maritime Organization (IMO), said the adoption of the strategy "would allow future IMO work on climate change to be rooted in a solid basis".
Russia's Grip on Biggest Port Operator Tightens
Moscow tightened its grip on Russia's biggest port operator on Friday, making a government official chairman and ousting representatives of the only private shareholder from the board.The changes follow the arrest last month on organized crime and embezzlement charges of Ziyavudin Magomedov, head of the Summa conglomerate which with a joint venture partner owns a 50.1 percent stake in the port operator.
Twin Disc Equips Seacor's New Crewboats
When cargo and crew need to get to an offshore platform fast, Seacor Marine delivers with its new Seacor Panther and Seacor Puma. Part of its CrewZer Class of state-of-the-art transport vessels, the 187' x 41' high-speed aluminum catamarans reach 40 kts—a dramatic speed improvement over traditional FSVs (fast support vessel). This blazing-fast speed is due to an innovative hull design, and high-performance…
Norddeutsche Reederei Upgrades Connectivity
Norddeutsche Reederei said it will begin installing Navarino’s Infinity Cube solution across its fleet of 50 vessels.The company has a fleet consisting mostly of modern container vessels which trade worldwide.Christian Mix, Norddeutsche Reederei’s IT Marine System Administrator, said, "We are in the process of further upgrading our connectivity capabilities based on our last year finished VSAT installation…
Vigor Hires McCreary, Blount in Leadership Roles
U.S. shipbuilder Vigor has hired Richard McCreary as VP of Business Development and Bill Blount as International Business Development Manager. As VP of Business Development, McCreary will lead Vigor’s growing government programs in ship repair and fabrication. He brings to the role long history in shipbuilding and ship repair, having serves as Executive VP for VT Halter in Mississippi for five years…
Georgia Ports' Box Volume Jumps 14%
The Georgia Ports Authority achieved 14 percent growth in March container volumes, moving 355,208 Twenty-foot Equivalent Unit containers. For the fiscal year to date (July-March)…
Teekay launches digital dashboard 'The Helm'
Teekay Tankers Ltd. has launched a vessel dashboard portal called The Helm that is designed to give pool partners a transparent, real-time direct link to commercial…
Fire in Sauna Shuts World's Northernmost Oilfield
The world's northernmost oilfield was shut on Friday when a fire broke out in a sauna in the oil platform's living quarters, Eni, the Italian oil company that operates the field, said.
Rolls-Royce, GSL to assemble MTU engines
Rolls-Royce said it has reached a deal with Indian naval shipbuilder Goa Shipyard Limited (GSL) to cooperate in the local manufacturing of technologically-advanced MTU Series 8000 engines.
Ingalls to Reactivate East Bank Facilities
Huntington Ingalls Industries announced Thursday that its Ingalls Shipbuilding division will reactivate part of its shipbuilding facilities that was destroyed by Hurricane Katrina in 2005. The site on the east bank of the Pascagoula River is the original Ingalls Shipbuilding Corp., founded in 1938. According to the shipbuilder, its reactivation will restore the facility’s ability to support Ingalls’…
Monjasa Group Improves Results
Danish bunker and tanker group Monjasa Group improved profitability in our operations and we continued making progress in optimising operational expenditures in 2017.
Shell, AET Deal for LNG Aframaxes
Malaysian-owned global shipping company specialising in the ocean transport of crude oil and refined products AET Tankers and Shell International Trading and Shipping…
Africa’s Ports Can Accelerate Growth: PWC
Africa needs to take advantage of the economic potential of its ports and shipping sector if it is to realise its growth ambitions. Globally, ports are gateways…
Port of Long Beach Cargo Volumes Swell 19.4% in 1Q
The Port of Long Beach has completed its best-ever first quarter, with marine terminals handling almost 1.9 million twenty-foot equivalent units (TEUs) January through March.
Navy to Christen Littoral Combat Ship Indianapolis
The US Navy will christen its newest Freedom-variant littoral combat ship, USS Indianapolis (LCS 17), during a 10 a.m. CDT ceremony Saturday, April 14, in Marinette, Wisconsin.
Russia's Aston to Build 4 New Ships
The JSC Aston, one of Russia's largest producers of foodstuffs and ingredients, and is a leading exporter of agricultural goods and vegetable oils, has signed the…
PortMiami Approves Norwegian Cruise Line Terminal
Miami-Dade County has given the green light for construction to begin on the sleek new terminal for Norwegian Cruise Line (NCL) terminal, designed by Miami-based…
Orient Overseas Back to Black
Orient Overseas International (OOI) has announced a profit attributable to equity holders for 2017 of US$137.7 million, compared to a loss of US$219.2 million in 2016.
Fieldwood Hungry for US Offshore Output
The Chief Executive of offshore oil and gas driller Fieldwood Energy LLC, Matt McCarroll, says he is not scared of the hurricanes, geological risks and costs that keep some oil companies out of the Gulf of Mexico. Instead, he is doubling down. The private equity-backed company - already the largest operator on the U.S. outer continental shelf - announced on Thursday it is closing a $480 million acquisition of Noble Energy’s assets in the Gulf of Mexico that will add 25…
