Standard Drilling Sells PSVs
New World Supply, where S.D. Standard Drilling (SDSD) has an ownership of 26.2 percent, has completed a sale of two of its six medium sized platform supply vessels…
SDX Terminates Talks Over BP's Egyptian Assets
North Africa-focused oil company SDX Energy has terminated talks for a potential acquisition of assets in Egypt from the oil giant BP.A press release from SDX announced…
EU Ports Set Top 10 Environmental Priorities
The European Sea Ports Organisation (ESPO) has released its annual Environmental Report which includes member ports' top 10 environmental priorities for 2018.Air…
Project Forward Initiative Cuts CO2 Emissions
The Project Forward initiative led by Athens-Based Arista Shipping, with Wärtsilä as one of the participants, demonstrates that with LNG as fuel, an advanced hull design…
Samsung Heavy Industries Wins a LNG Carrier
South Korea's shipbuilder Samsung Heavy Industries (SHI) has clinched a new contract for a liquefied natural gas (LNG) newbuilding.According to a press statement from the company…
MOL Hosts Family Day for Seafarers
Mitsui O.S.K. Lines (MOL) group seafarer manning company Magsaysay MOL Marine (MMM) held a Family Day for Filipino seafarers at an amusement complex in Manila, drawing about 3…
Damen to Supply Two Tugs to Safeen
Damen Shipyards Group has signed a contract with Abu Dhabi Ports and its subsidiary Abu Dhabi Marine Services (Safeen) for the supply of two new Damen ASD Tugs 2411.The…
Greek Shipowners Meet Danish Shipping
The Union of Greek Shipowners (UGS) has welcome to its premises the Board of Directors of Danish Shipping in the context of the bilateral meetings of the two national…
IMO Focus on Maritime Security
Maritime security is a key element of International Maritime Organization (IMO)'s work and, over many years, the Organization has developed a number of measures…
Goldwind, DNV GL to Digitalize Certification Tools
One of the leading wind turbine manufacturers globally Goldwind and DNV GL, the world’s largest resource of independent energy experts and certification body have…
Blount to Build Icebreaking Tug for NYPA
Rhode Island shipbuilder Blount Boats said it has signed a contract with the nation’s largest state power organization to construct an icebreaking, all-welded-steel, diesel-powered, double screw tugboat.The new vessel for the New York Power Authority (NYPA) will be built to operate in seasonal ice near the entrance to and within the upper Niagara River. This vessel will replace existing vessels in the NYPA fleet currently used for the installation…
LNG Investment Set to Grow
Following years in the pricing doldrums, LNG is hot again, with business prospects for floating production and regasification looking strong through 2023. We talk to Jim McCaul of International Maritime Associates (IMA) for his insights, as he is fresh off of a 12-month stint investigating the market in depth."We wanted to take a fresh look at the market, to identify opportunities both in the production and regassification of LNG" is how McCaul…
Keppel Q3 Profit Falls
Singaporean conglomerate Keppel Corp on Thursday posted a 15 percent fall in third-quarter net profit, hurt by lower contributions from its investments and property divisions.Keppel…
Marco Ryan Plots a Digital, Connected Course for Wärtsilä
When talk turns to the digital revolution sweeping through the maritime industry, one need look no further than Wärtsilä, which has evolved from a shipbuilding company to an engine manufacturer, and is now embarked on a historic digital transformation led by Marco Ryan, Chief Digital Officer & EVP. We met with Ryan recently in Hamburg, Germany, to discuss the path and pace forward.To start, please…
SNAME: Plotting the Path Ahead
As the Society of Naval Architects and Marine Engineers (SNAME) celebrates its 125th Anniversary, the new executive director shares his thoughts on the path forward for a successful future.I’m Gene Sanders, and I have been given the enviable opportunity to take SNAME into its next phase in one the most important industries in the world! In my first few months as SNAME’s new Executive Director, I’ve been working with the Board and various committees on new ventures and directives…
The Standard Club Withdraws from Underwriting at Lloyd's
The world’s fourth largest P&I club announced Thursday that it is withdrawing from underwriting at Lloyd’s from 2019.The Standard Club had established a syndicate…
Sentinel Marine Adds a Secondhand PSV
Aberdeen-based offshore support vessel operator Sentinel Marine said it has purchased a multi-role ship from a Canadian seller.The 1997-built Scotian Sentinel (formerly Scotian Sea) is currently in dry-dock for upgrades and is expected to enter service in November as a Group A combined platform supply and emergency response and rescue vessel (PSV/ERRV).The addition comes as Sentinel is nearing the end of a nine-vessel newbuild program.
Hoegh Gallant Leaves Egypt, Sets US Destination
Liquefied natural gas (LNG) tanker Hoegh Gallant has left its mooring in Egypt, where it had been used as a floating import terminal since 2015, and set course for the U.S.
Croatia May Pay $651.6 Mln to Uljanik Shipyard
Croatia may have to pay 4.2 billion kuna ($651.57 million) for the costs of state guarantees extended to an ailing Adriatic shipyard that has been struggling to survive in recent months, Finance Minister Zdravko Maric said on Thursday.The figure is close to 1.2 percent of Croatia's gross domestic product."This year we will have to pay 2.5 billion kuna on the basis of state guarantees for Uljanik,"…
Turkish Navy Stops Greek Frigate 'Harassment' in Mediterranean
Turkey's state-run Anadolu news agency said on Thursday that the navy had stopped a Greek frigate from harassing a Turkish ship in the Mediterranean. It did not give further details.Turkey…
