Seanergy Maritime in Leaseback, Refinancing Pact with Cargill
The dry bulk cargo shipping company Seanergy Maritime Holdings announced has successfully concluded the refinancing of the 2011-built Capesize M/V Championship through…
Yilport Oslo Breaks Cargo Record
Norwegian container operator Yilport Oslo set an all time high record in a single month with 21 363 TEUS in October 2018, registering an increase of 28 % compared to October last year.Maiken Solemdal…
SCF Inks Deal to Finance LNG Carrier
Sovcomflot concludes USD 149 million project credit facility for up to 10 years with three leading European banks.Sovcomflot (SCF Group) is pleased to announce that it has signed a new USD 149 million credit facility, for up to 10 years, with a consortium of three leading international banks, comprising: ING Bank N.V.; KfW IPEX-Bank GmbH, and Crédit Agricole Corporate and Investment Bank.The funds will be used towards financing the construction of a new generation 174…
NYK Pushes Decarbonization via NYK Super Eco Ship Design
As a part of the NYK Group’s medium-term management plan “Staying Ahead 2022 with Digitalization and Green,” a new future concept ship has been designed by incorporating innovative technologies that will result in an emission-free vessel — the “NYK Super Eco Ship 2050.”BackgroundThe NYK Group’s mission of “Bringing value to life” and the company’s basic philosophy of “contributing to the betterment…
Former U.S. Navy Captain Pleads Guilty in Corruption, Fraud Probe
A retired U.S. Navy captain pleaded guilty to criminal conflict of interest charges and a former U.S. Navy master chief was sentenced to 17 months in prison today on corruption charges. The defendants are among the latest U.S. Navy officials to plead guilty and be sentenced in the expansive corruption and fraud investigation involving foreign defense contractor Leonard Glenn Francis and his Singapore-based ship husbanding company…
Langh Tech Delivers Scrubbers for the Greek Market
Langh Tech has secured a large deal in Greece for the delivery of 10 shipset scrubber systems for Bulk Carriers and Product Tankers.Shipping companies Marmaras Navigation and Delta Tankers, owned by Mr. Diamantides, one of the most reputable Greek shipowners, have selected Langh Tech’s systems for their continuing fleet upgrade program.Marmaras and Delta Tankers belong to the first movers among the Greek ship owners…
Damen Shiprepair Curaçao Floating Dock Operational
Damen Shiprepair Curaçao (DSCu), has on November 2, commissioned its large floating C dock. After the final tests had been carried out in the morning, the C Dock was submerged onto the equalized seabed.DSCu Nautical department, with the help of local KTK pilots and tugs subsequently docked the first commercial ship, a 63,400 tonnes deadweight bulkcarrier, thus putting the C dock into service.Lodewijk Franken…
A.P. Moller - Maersk Grows Across the Business
In the third quarter of 2018, A.P. Moller - Maersk progresses in the strategic business transformation, reporting growth in both Ocean and non-Ocean with a total revenue increase of 31% to $10.1bn, 12% excluding Hamburg Süd. Growth in non-Ocean was at 15%, which now contributes 31% of total revenue. In addition, synergy effects were realized.“Well into our transformation, we are progressing with the…
ABB Signs Breakthrough Contract for Marine Automation in China
ABB has won its first marine automation system contract for a cruise ferry in China, after the technology package for Chinese-built Viking Line vessel has been extended to include the ABB Ability System 800xA.ABB Ability System 800xA integrates power, propulsion and vessel management systems into one platform, enabling both crew and onshore teams to get a comprehensive overview of all the information needed to operate the vessel in the safest and most efficient manner.
Poynting Releases Its Latest LTE Antennas
Poynting has recently released their latest Cellular LTE/5G Ready omni-directional antennas that can be used to improve your internet speed whether you are working in the city or require connectivity at sea.Poynting’s new OMNI-402 and the OMNI-600 MIMO omni antennas are based on the very popular marine antenna (OMNI-291), already used by boat owners worldwide. These antennas all share the same physical radiation elements within the antenna enclosure…
Oil Removed from WWII Era Shipwreck
A U.S. Navy led team has removed 229,000 gallons of oil from a sunken World War II era German heavy cruiser that has been resting on the seafloor near the Marshall Islands for more than 70 years.After being transferred to the U.S. as a war prize, the cruiser Prinz Eugen was loaded with oil and cargo and used to assess survivability of warships during the Operation Crossroads atomic bomb tests in the Pacific.
Baltic Index Down as Capesize Rates Dip to Lowest Seven Month Low
The Baltic Exchange's main sea freight index, tracking rates for ships ferrying dry bulk commodities, fell for the twelfth straight session on Wednesday after the capesize index dropped to a seven-month low.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 55 points, or 5.2 percent, to 1,009 points, its lowest since mid-April.The capesize index slid 18.5 percent, or 213 points, to 940 points, a level last touched on April 11.
Coast Guard Approves Another BWTS Entry
Marine Safety Center issues 13th Ballast Water Management System Type Approval certificate.The Marine Safety Center issued the 13th U.S. Coast Guard Ballast Water Management System Type Approval Certificate to JFE Engineering Corporation after a detailed review of the manufacturer’s type approval application determined the system met the requirements of 46 CFR 162.060.The treatment principle of the…
EPA Funds Diesel Pollution Abatement Efforts in Mid-Atlantic Region
The U.S. Environmental Protection Agency (EPA) has announced funding for three clean diesel projects totaling $4.7 million to reduce air pollution from aging diesel engines in the Mid-Atlantic region.The funding will go to the Maryland Environmental Service (MES), the Mid-Atlantic Regional Air Management Association, (MARAMA) and the Metropolitan Washington Council of Governments (WashCOG).“Taking…
Maersk Warns Trade War Will Impact Box Shipping
Top U.S. importers are stocking up on Chinese goods before new import tariffs take effect, shipping giant A.P. Moller-Maersk said on Wednesday, but warned a trade war would hit demand for container shipping in the coming years.Maersk's data indicated that imports into the United States from China had grown 5 to 10 percent year-on-year in the third quarter as companies such as Walmart and Home Depot built up inventories to avoid new import tariffs…
ForSea Completes ABB Powered Battery Ferry Conversion
Inauguration of Tycho Brahe and Aurora marks successful completion of a high-profile conversion project with ABB’s technology at its heart.The largest emission-free ferries in the world have been officially welcomed into service after guests boarded Tycho Brahe in Helsingborg, Sweden and Helsingør, Denmark on November 9 for a special inauguration ceremony marking completion of an all-electric conversion.“We…
Bowman Power's Engine Efficiency Solution for the Marine Sector
A consortium, led by Bowman Power Group Ltd has created a new, marine-capable system designed to increase engine efficiency and reduce emissions.According to Bowman, the timing of this technology couldn't be better, coming just months after the International Maritime Organization (IMO) reached an agreement to cut carbon emissions from the global shipping industry by at least half by 2050.The project was part-funded by Innovate UK…
Lloyd's Register Approves STX's LNG-fueled MR Tanker Design
Lloyd’s Register has granted an approval in principle to STX Offshore & Shipbuilding for a 50,000 dwt MR tanker design capable of using LNG as a fuel. This development…
Wind to be EU's Largest Power Source in Ten Years
Wind power is set overtake coal, nuclear and gas to become the EU’s largest power source well before 2030. This is according to the International Energy Agency’s…
OMV, Sapura Energy Sign Pact
Malaysia’s Sapura Energy has entered into a heads of agreement with Austria’s OMV to form a strategic partnership and acquire half of Sapura Upstream for $1.6 billion."Under the agreements…
