Yang Ming Cuts Losses, Optimizes Fleet
Taiwanese ocean shipping company Yang Ming Marine Transport Corporation said that its 3rd quarter net loss after tax for Q3 was USD 30 million, a reduction of 76.16% compared to last quarterâŠ
Diana Shipping Sold Panamax Dry Bulk Vessel Alcyon
Diana Shipping announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party, the 2001-built vessel âAlcyonââŠ
Mexico to Develop National Maritime Transport Policy
Officials from various government entities in Mexico have received training in how to develop a National Maritime Transport Policy (NMPT), said a statement fromâŠ
Kirby to Acquire CGBM's Inland Tank Barge Fleet
Kirby Corporation has announced the signing of an agreement to acquire substantially all of CGBM 100, LLC's inland marine tank barge fleet for an undisclosed amount.Under the terms of the agreement, Kirby will acquire 27 of CGBM's 10,000 barrel inland marine tank barges which have a total capacity of approximately 270,000 barrels. The closing of the acquisition is expected to occur in the 2018 fourth quarter and is subject to customary closing conditions.Kirby CorporationâŠ
Traditional and Innovative Marine Solutions In Focus
Three one-day workshops - Southampton, U.K. - April 2-4, 2019NEXT GEN 2019 is a series of specialist one-day workshops run back-to-back on April 2-4, 2019. The program combines hot topics and international maritime experts with dynamic panel discussions. The Grand Harbor is a conference venue overlooking the historic port of Southampton, U.K. Workshop Lead John Haynes said, "In recent years less people are expected to do more work and time is becoming scarce for everyone in the marine industry.
Joey Farrell: Born to Marine Salvage
Boys are coaxed into cleanliness at bath time playing with boats. But it was never a game for Joseph Farrell, III, instinctively realizing he was ballasting and salvaging ships, unlike the typical Mr. Bubbles kid. The scion of Resolve Marine Group may have been born to lead the global emergency response company founded by his father with a single tug 38 years ago, but heâs never taken dangerous wreck removal lightly.Before turning 15âŠ
GC Rieber Shipping Taps Ytredal as CEO
Norwegian offshore shipping company GC Rieber Shipping announced acting chief executive officer Einar Ytredal has appointed to the CEO role on a permanent basis. At the same time, Øystein Kvåle was named new chief financial officer (CFO) and Christoffer Knudsen was promoted to chief commercial officer (CCO).Ytredal was appointed acting CEO in mid-September 2018. He has been with the company since 2007, first as vice president finance and then as CFO since September 2011.
Metal Shark Completes Passenger Ferries
A pair or 105-ft., 150-passenger high speed aluminum ferries built by Metal Shark have completed construction and are ready to enter service for the New Orleans Regional Transit Authority (RTA). The first boat was completed earlier this year and delivered to New Orleans in July. The second vessel is 100% complete at Metal Sharkâs Franklin, La., shipyard where it passed U.S. Coast Guard inspectionsâŠ
Great Workboats of 2018: The Deadline for Application is Fast Approaching
Will your vessel be honored as a âGreat Workboat of 2018â in the December 2018 edition of Marine News?Every year, Marine News profiles the most outstanding vessels built in shipyards in North AmericaâŠ
Austal USA Christens USNS Puerto Rico
Austal celebrated the christening of Expeditionary Fast Transport (EPF) the future USNS Puerto Rico (EPF 11) with a ceremony at its shipbuilding facility this morning. Puerto Rico is the eleventh of 12 EPFs that Austal has under contract with the U.S. Navy with a combined value of over $1.9 billion.Nine Spearhead-class EPFs have been delivered and are serving as an affordable solution to fulfilling the Military Sealift Commandâs requirements worldwide.
SPARTACUS: Worldâs Largest Cutter Suction Dredger Launched
On November 10, Royal IHC successfully launched the Spartacus, a 44,180kW self-propelled cutter suction dredger (CSD) designed and built for DEME. The ceremony took place at IHC's shipyard in Krimpen aan den IJssel, The Netherlands. It was performed by Mrs Fabienne Ackermans, the spouse of Mr Luc Bertrand (chairman of the Board of Directors of Ackermans & van Haaren, owner of DEME).Spartacus is reportedly the worldâs largest CSD and the first to be powered by liquefied natural gas (LNG).
Tidewater Chooses UniSea
UniSea AS, a software developer and consultancy specializing in solutions for the shipping industry, has been selected by Tidewater Inc. as its partner in the digitalizing and standardizing of Tidewaterâs business processes related to health, safety, environment and quality (HSEQ) and operations. The UniSea software suite will be implemented on all Tidewater vessels and in all offices in one of the largest contractâs in UniSeaâs 21-year history.Tidewater Inc.âŠ
Danish Shipyard Orders Equipment Package from Rolls-Royce
The Danish yard Karstensens Skibsværft is set build and design two new vessels for trawl and purse seine fishing ordered by two Icelandic ship-owning companies. Rolls-Royce Commercial Marine has been selected to deliver an extensive package of ship equipment to both ships.The two fishing vessels of 88 meters will be outfitted with engines, propulsion, steering gear, rudders and winches together with connected control systems from Rolls-Royce.
ClassNK, TÜV Rheinland Partner for Cybersecurity
ClassNK and TÜV Rheinland have concluded a worldwide partnership agreement for cybersecurity services.ClassNK is a classification society which carries out surveys to help ensure the safety of vessels and marine structures, and has many achievements involving the certification of ship equipment. TÜV Rheinland is a leader in testing, inspection and certification services providing digital services for safety, cybersecurity and privacy.
Migrants Rescued by Cargo Ship Refuse to Disembark at Libyan Port
Some 95 migrants picked up by a cargo ship off the Libyan coast have refused to disembark in the western city of Misrata, officials from the United Nations and LibyanâŠ
China Becomes Top Natural Gas Importer
China has overtaken Japan to become the world's top importer of natural gas, as Beijing's crackdown on pollution boosts its demand for the more environmentally friendly fuel, while the restart of nuclear reactors in Japan reduces its LNG imports.China's total natural gas imports over January to October this year via pipeline and as liquefied natural gas (LNG) were at 72.06 million tonnes, up a third from the same period last yearâŠ
Digital Marine Communications in âFast Attackâ Mode
Among the most important considerations in outfitting any fast attack craft is the critical nature of crew-to-crew communications. With David Clark, MetalCraft has long had that box âchecked.âThere are many obstacles facing boat manufacturers involved in the design and outfitting of patrol interceptor type vessels. This workboat segment is characterized by incessant demands for advanced design andâŠ
First U.S. LNG Cargo Since Trade Tariffs Arrives in China
A liquefied natural gas (LNG) cargo from the United States has arrived in China, the first such cargo since Beijing imposed a tariff on U.S. imports, shipping data from Refinitiv Eikon showed on Monday.The cargo was shipped on the tanker Ribera Duero Knutsen from the Sabine Pass terminal operated by Cheniere Energy .It arrived at the Zhejiang Ningbo LNG terminal in China on Nov. 11, the data showed.This is the first U.S. LNG cargo to be shipped to China since Sept. 10, according to the data.
Capesize Rate Drag Baltic Index Down for Tenth Straight Session
The Baltic Exchange's main sea freight index, tracking rates for ships transporting dry bulk commodities, declined for the tenth straight session on Monday on weakening demand for capesize vessels.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 22 points, or 1.9 percent, to 1,125 points.The capesize index slipped 4.3 percent, or 63 points, to 1,398 points, its lowest since May. 30.
Iranian Military Ready to Protect Oil Tankers
Iran's armed forces will protect Iranian oil tankers against any threats, an Iranian military official said on Monday after the United States called the ships a "floating liability" and warned ports operators not to allow them to dock.The United States resumed sanctions on Iran's oil, shipping and banking industries last Monday after U.S. President Donald Trump pulled out of a 2015 international agreementâŠ
