New Addition to DNV GL’s Veracity Platform
DNV GL will add a new third party software solution to Veracity, its open industry data platform, that is based on cleaned data collected from 80 000 oil and gas wells.
ZIM Turns Around, Posts Profit for 2017
The biggest cargo shipping company in Israel ZIM Integrated Shipping Services (ZIM) has posted adjusted net profit of $50 million in 2017, compared to adjusted net loss of $150 million in 2016.
Diana Shipping TC Contract for New Orleans with SwissMarine
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Capesize dry bulk vessels…
Hessel Halbesma Resigns as Chairman of Oceanteam
Norwegian Offshore service provider Oceanteam said that in order to mitigate against further repercussion against the company and to diffuse the misinformation that is circulating currently…
Philippines Focus on Fisheries Sector
According to the Food and Agriculture Organization (FAO), fishing at sea is probably the most dangerous occupation in the world. To address this issue, a two-day regional seminar…
$95M in MSC Repair Work Funded
Lyon Shipyard Inc., Norfolk, Virginia (N3220518D4913); Atlantic Fabrication and Boiler Services Inc., Portsmouth, Virginia (N3220518D4914); Colonna’s Ship Yard Inc.…
View from the Top: Kitack Lim, Secretary-General, IMO
Last week Maritime Reporter & Engineering News had the opportunity to meet with Kitack Lim, Secretary-General, International Maritime Organization (IMO) at IMO headquarters in London, a nearly two-hour interview covering many of the major issues that headline the agenda of global shipping companies today. Look to the May 2018 edition of Maritime Reporter and Engineering News for the full length interview…
BDRY: First Freight Futures ETF Debuts
Breakwave Advisors, in partnership with ETF Managers Group (ETFMG), launched the Breakwave Dry Bulk Shipping ETF (NYSE Arca: BDRY), the first freight futures exchange-traded product focusing exclusively on dry bulk shipping. BDRY is designed to provide investors direct access to an instrumental part of the global commodity market, that historically has been uncorrelated with other major asset classes.
Exhaust Economizers: A Silent Contributor to Green Technology
Next generation economizers are being introduced by Ulmatec Pyro. This will carry on the history of 35 years of heat recovery from ship’s exhaust – a technology that’s still unknown for many in the marine industry. You can’t ignore waste energy recovery systems if you want to participate in discussions about efficient marine designs. That statement is based on the fact that most diesel engines on board a vessel still operate on an efficiency scale in the 30 percent range.
Insights: Pat Folan, Tug & Barge Solutions
Pat Folan, a partner at Tug & Barge Solutions, weighs in on all things tugboat – with a focus on Subchapter M. Pat Folan is a partner in Daphne, Ala.-based Tug & Barge Solutions, a company that focuses on Subchapter M compliance for towing companies. The company also performs surveys of towing vessels and barges, manages safety management systems for towing companies and trains people on towing vessels and in offices.
LNG Tanker Boris Vilkitsky to Arrive at Rotterdam on March 29
The liquefied natural gas (LNG) tanker Boris Vilkitsky is due to arrive at the Dutch port of Rotterdam on March 29, Reuters shipping data showed on Thursday. The tanker, which has a capacity for about 170,000 cubic metres of gas, is arriving from Russia. Reporting by Lefteris Karagiannopoulos
Qatari Coastguard Orders 9 More Newbuilds
Turkey’s ARES Shipyard and partner BMT have secured a new order from the Qatari Coastguard to produce nine additional patrol boats on top of the 17 vessels already ordered. The new order, which was officially signed during DIMDEX (Doha International Maritime Defense Exhibition and Conference) last week, includes three 48-meter ARES 150 HERCULES Offshore Patrol Vessels (OPVs) and six 24-meter ARES 80 SAT Special Operations Support and Fast Attack Craft…
Service Ops Vessel Concept for Offshore Wind
A new multi-million Euros European research and development project will develop new Service Operation Vessel (SOV) designs and business concepts to meet the urgent and growing needs of the offshore wind operations and industry. The project is co-led by ARTTIC and Rolls-Royce Marine. As wind farms are moving further offshore, operations and maintenance (O&M) providers are following them into more hostile waters with more challenging service demands.
Recent Casualties Highlight Importance of Cargo Insurance - iContainers
The ocean freight industry has seen several major incidents over the past few weeks, including two fires on board two separate Maersk vessels, and a containership collision in Karachi Port that forced the temporary closure of the port. These incidents underscore the importance of always buying cargo insurance to protect merchandise and cushion damage, says Klaus Lysdal, Vice President of Sales and Operations at iContainers, a 100 percent online freight forwarder.
Carnival's Profit Driven by Higher Ticket Prices, On-board Spending
Carnival Corp, the world's largest cruise operator, reported better-than-expected first-quarter results as customers bought tickets at higher prices and spent more on board, prompting it to raise its full-year profit forecast. Shares of the company rose about 3 percent to $68.90 in early trading on Thursday. Net revenue yields, a keenly watched metric that measures spending per available berth, climbed 3.9 percent on a constant currency basis…
Maritime Simulation: High-tech Meets Practical Skills
When talk turns to ‘Maritime Simulation’ visions of high-tech bridge simulators with seamless graphics and interwoven component simulators – engine room, DP systems, cargo loading – come to mind. But modern simulation is so much more, a wholistic visual, audio, tactile and cereberal experience that prepares mariners to deal with a bevy of real-world situations. Modern maritime simulation has evolved rapidly…
Antwerp Port Pushes Onshore Power for Ships
The Antwerp Port Authority aims to create the necessary conditions to supply onshore power for seagoing ships in the port. In order to realize this ambition, it will sign two agreements on Friday…
IMO: Nitrogen in the Oceans Needs Further Study
Human activity increases the amount of nitrogen that reaches the oceans by 50%, on top of natural processes, according to a new report which assesses the magnitude…
Trade Wars Clearly Bad for Global Shipping - BIMCO
On March 1, 2018, President Trump pushed through a metals tariff plan that puts 25 percent tariff on imports of steel and a 10 percent tariff on imports of aluminium. They are set to enter into force on March 23, 2018. The Trump administration seems positive towards protectionism and that picture became clear when the pro-trade U.S. President Donald Trump’s chief economic adviser Gary Cohn resigned on March 6 because of the tariffs imposed on steel and aluminium.
Saipem Buys Lewek Constellation Vessel
Italian oil and gas contractor Saipem said it has reached a deal to purchase the pipelay, heavy lift and construction vessel Lewek Constellation for $275 million.
