HC2 Holding Mulls Global Marine Sale
The diversified holding company HC2 Holdings announced that it is exploring strategic alternatives, including a potential sale, for its Global Marine Group (GMG) subsidiary.As part of this process…
ThyssenKrupp Develops New Lithium-Ion Batteries for Submarines
The providers of naval vessels, surface ships and submarines ThyssenKrupp Marine Systems of Germany has developed a new type of lithium-ion battery system for submarines together with Saft…
Australia's Woodside China's ENN Join Hands
Australia’s Woodside Petroleum has signed a Cooperation Agreement with Chinese private sector gas distribution firm ENN Group under which the two companies will…
German Wind Auction Undersubscribed
The German Federal Network Agency (BnetzA) has announced the outcome of the latest German onshore wind auction. It revealed that the country's last wind tender of…
Erna Oldendorff Collided with Japanese Bridge
The Oldendorff Carriers vessel Erna Oldendorff struck the Oshima bridge on its way to Etajima, Japan on Monday, October 22.A press notification from the dry bulk…
Port of Savannah Container Trade up 12 Percent
The Georgia Ports Authority achieved a 12 percent increase in containerized trade at the Port of Savannah in September, along with a 37.6 percent increase in roll…
Petrogas Extends Maersk Resolute Contract
Petrogas E&P Netherlands B.V. has exercised an option with Danish driller Maersk Drilling to extend the current contract of jack-up rig Maersk Resolute in the Dutch…
European Shipowners Hail EU-Singapore Trade Pact
The European Union and Singapore signed three agreements to take their political, trade, and investment relations to a new level as the landmark trade deal aims…
Gagarin Prospect Performs Ship-to-Ship LNG Bunkering
The large-capacity Aframax tanker "Gagarin Prospect", owned by Russia's SCF Group, successfully implementated construction and operation commencement using LNG as the primary fuel.Konstantin G.
Wallem, Zeaborn Choose Verifavia Shipping for EU MRV Monitoring
Wallem Ship Management in Hong Kong and Zeaborn Ship Management in Hamburg have chosen Verifavia Shipping for European Union (EU) Reporting and Verification (MRV)…
Clean Arctic Alliance Calls for Renewing Commitment to HFO Ban
Clean Arctic Alliance called on member states to “renew their commitment” so that a ban on the use and carriage of polluting heavy fuel oil (HFO) from Arctic shipping…
Qatar Navigation Undergoes Digital Transformation
Qatar-based maritime and logistics conglomerate Qatar Navigation (Milaha) has signed an agreement with Oracle Cloud applications to drive a major digital transformation…
MethaShip Project Projects Methanol as Future Fuel
The Methanol Institute has welcomed the findings of the MethaShip research project which has concluded that renewable Methanol offers a long term solution for the…
Marine Environment Protection Committee to Address Sulphur Limit Implementation
International Maritime Organization (IMO)'s Marine Environment Protection Committee (MEPC 73) has begun a busy session (22-26 October).On Monday, the MEPC moved…
Scrubber-fitted Dry Bulk Vessels to Command Premiums -MSI
A two-tier market will reward early adopters with higher timecharter rates and asset values as cost of low sulphur fuel increases dramatically, says research and consultancy firm Maritime Strategies International (MSI).According to MSI, scrubber-fitted dry bulk vessels could be earning a significant premium over those burning more expensive low sulphur fuel and higher asset values will reward those…
Petrobras Receives $149 Mln from SBM in Leniency Deal
Brazilian state-run oil company Petroleo Brasileiro SA has received an initial payment of 549 million reais ($148.92 million) from Dutch marine engineering group SBM Offshore as part of a 1.22 billion-real leniency deal, the Brazilian government said on Monday.As a result of a long-running corruption investigation, SBM was accused of paying bribes to secure contracts with Petrobras, as the state-controlled oil company is known.($1 = 3.6866 reais)(Reporting by Alexandra Alper; editing by Jonathan
Crowley Christens LNG ConRo El Coquí
Crowley Maritime Corp. on Saturday christened its Commitment Class combination container/roll on-roll off (ConRo) ship El Coquí, which is among the first of its kind to be powered by liquefied natural gas (LNG).The Jones Act compliant vessel is the first of two built as part of Crowley’s Commitment Class project and a key new component in the company’s supply chain transformation in the U.S. mainland-Puerto Rico trade.
MarineMTS Strikes Equity Deal with SRH Marine Electronics
Stonehaven-based marine technology company MarineMTS has struck an equity funding deal with SRH Marine SAIT (trading as SRH Marine Electronics). The deal will see the North-east business benefit from a multimillion dollar funding package, and through SRH Marine’s existing customer base, unlock access to approximately 15,000 vessels which could benefit from MarineMTS’ latest ‘Silverbox’ technology.
Marshall Islands Confirms No Class Certificate Surcharge
International Registries, Inc. and its affiliates (IRI) announced that the Republic of the Marshall Islands (RMI) Registry will not levy surcharges and commissions…
Ferry Hits Yachts in Heavy Fog off Isle of Wight
A ferry collided with at least two yachts and then ran aground in heavy fog off the Isle of Wight in southern England on Sunday, the Maritime and Coastguard Agency…
