Chinese Diesel to be Shipped 'west' in VLCC
Newly built vessel to load from Tianjin refinery a cargo of10ppm sulphur diesel meeting summer specs. In a rare shipment, a diesel cargo will be loaded into a very…
Maersk at 16-month Low after CFO Departure
Maersk's shares down 4 pct at lowest level since November 2016. The company says CFO Jakob Strausholm has decided to leave the company after only 16 months in the role.
Containerships Collide at Port of Karachi
Authorities are working to retrieve more than 20 containers that fell into the water at Pakistan's southern port of Karachi on Monday following a collision between two containerships. Video footage posted on social media shows the Hapag-Lloyd containership MV Tolten side-swipe the moored containership MV Hamburg Bay while moving into its berth at South Asia Pakistan Terminal. Maritime security vessels were arriving on scene to assess damage and respond to the casualty…
Finnlines to Lengthen Two More Vessels
Finnlines has opted to lengthen two additional vessels as part of its €70 million ($86 million) Energy Efficiency and Emission Reduction Investment Program launched in 2017, the company said today. The first two vessels, MS Finntide and MS Finnwave, have already returned to operation after lengthening, and a further two vessels, MS Finnsky and MS Finnsun, will be lengthened by the end of May 2018.
Løken Named CEO at Kvaerner
Karl-Petter Løken has been appointed President and Chief Executive Officer (CEO) for the international contracting company Kvaerner. Løken succeeds Jan Arve Haugan, who left Kvaerner for a position at Aker Energy. Kvaerner's EVP & CFO Idar Eikrem will continue as interim CEO until Løken steps into the role this spring after ending his current position as head of Project Development for Lundin Norway.
Van Oord 2017 Revenue Dips
Van Oord reported slight drop in its revenues for 2017 having realized of EUR 1.53 billion (2016: EUR 1.71 billion) and a net result of EUR 78 million (2016: EUR 90 million).
CNCo, SPREP Ink Recycling MOU for Pacific Islands
The China Navigation Company (CNCo) and the Secretariat of the Pacific Regional Environment (SPREP) have today signed a memorandum of understanding (MOU) to address…
Keel Laid for National Geographic Polar Ship
Lindblad Expeditions Holdings, Inc., a global provider of expedition cruises and adventure travel experiences, and Ulstein Group, Norwegian shipbuilder and ship designer…
Milaha Eyes Global Expansion
Qatar Navigation (Milaha) is planning to expand operations and capabilities in Qatar and overseas as part of its long term plan to improve efficiency and profitability.
Sir Michael Bibby New President of UK Chamber of Shipping
Sir Michael Bibby was elected President of the UK Chamber of Shipping at the organisation’s Annual General Meeting in London. He becomes the Chamber’s 132nd president in its 140th year.
PSA International Profit Jumps by 5.1% for 2017
Port and terminal operator PSA International posted a 5.1 per cent jump in net profit to S$1.23 billion for the year ended 31 December 2017 on higher revenue and…
Sovcomflot Better, Despite Challenging Year
PAO Sovcomflot (SCF Group), one of the world leaders in energy shipping and marine services to offshore oil and gas upstream projects, said that its gross revenue…
ClassNK Releases Guidelines for Direct Load Analysis and Strength Assessment
Leading classification society ClassNK has released its Guidelines for Direct Load Analysis and Strength Assessment of hull structure. These guidelines incorporate…
Huntington Ingalls Promotes Two Vice Presidents
America’s largest military shipbuilding company announced that Jeanne Callahan has been named corporate vice president, internal audit, and that David “Chip” Wasson…
Maritime Security Cooperation for Nigeria
Cooperation amongst various government agencies can be key to achieving maximum maritime security enforcement. This was the theme running through the latest national…
Duluth-Superior Shipping Season To Open Today
The anticipated departure of six vessels this week signals a strong start to the 2018 commercial shipping season for the Port of Duluth-Superior and the entire region.
Bharat Mumbai Container Terminals Enhances Connectivity
Bharat Mumbai Container Terminals Private Limited (BMCT) continued to improve connectivity and ease of doing business for JNPT (Jawaharlal Nehru Port Trust) users…
Fairbanks Morse, MAN D&T: $33.5M for MSC Power
Fairbanks Morse LLC, Beloit, Wisconsin (N3220518D4901); and MAN Diesel and Turbo Middle East LLC, Dubai, United Arab Emirates (N3220518D4902), are being awarded a combined cumulative $33…
US Navy Asks Huntington Ingalls for Pricing on Two Aircraft Carriers
The U.S. Navy asked shipbuilder Huntington Ingalls Industries on Monday for detailed pricing on the cost of two aircraft carriers, showing the Trump administration is taking a serious look at doubling its order for the most expensive ship in the U.S. fleet. The Navy’s request seeks to determine the savings achievable with a two-ship buy. “This opportunity for a two-ship contract is dependent on significant savings that the shipbuilding industry and government must demonstrate…
San Francisco Orders a New Fire Boat
California boat builder Moose Boats said it was awarded a contract from the San Francisco Fire Department for the construction of a M2-38 Catamaran CBRN, Dive and Fire Rescue vessel to enter service in the third quarter of 2018. The aluminum catamaran, which is 75 percent funded by FEMA’s FY2015 Port Security Grant Program, will be powered by twin Cummins QSB6.7 425hp turbo diesel propulsion engines with Hamilton HJ292 waterjets.
