Wärtsilä Bags New Orders for Aquarius UV BWMS
Finnish technology giant in the marine and energy markets Wärtsilä Oyj announced that it has recently been awarded a number of contracts to supply its Aquarius UV…
WSM to Manage FSRU for Pardus Energy
Wilhelmsen Ship Management (WSM) has entered into a management agreement with Ireland-based Pardus Energy for their new building Floating Storage and Regasification Unit (FSRU).WSM…
Dubai Port Raises Stake in Australian Port
Dubai-based port operator DP World says it has acquired additional assets in DP World Australia (DPWA), giving the firm a majority stake in its Australian terminals.The…
NYK Takes Delivery of New Coal Carrier
Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK) has taken delivery of a coal carrier equipped with a binary cycle power-generation system that utilizes…
Kavan Ratnayaka Appointed as Chairman of Sri Lanka Ports Authority
Kavan Ratnayaka has been appointed the new Chairman of Sri Lanka Ports Authority (SLPA). Ratnayaka assumed duties as the Chairman of Sri Lanka Ports Authority (SLPA)…
Iranian Ports Records 78% Growth in Non-oil Transit
Iran's Director of Ports and Maritime office of Lengeh port announced an increase of 78 percent in non-oil transit, a 19 percent increase in safe passenger transport…
North Sea Port Receives the First Ship Balao
The ship Balao docked at Verbrugge Terminals in Vlissingen, in North Sea Port, carrying a cargo of fruit. This was the first ship to arrive as part of this logistical…
Singapore Solidifies Maritime Hub Status
Singapore has introduced two initiatives for the maritime industry - the Singapore War Risks Insurance Conditions (SWRIC) and the development of an inter-operability…
Denmark, South Korea Join for Green Shipping
The Danish Maritime Authority hosted the first meeting in the Danish-South Korean Green Ship Expert Committee (GSEC) yesterday (Jaunary 23).According to a note from Danish Maritime Authority, this col
Eagle Bulk Acquires One Ultramax, Sells Two Supramaxes
Connecticut-headquartered Eagle Bulk Shipping announced that it has purchased a high-specification 2015-built SDARI-64 Ultramax bulkcarrier for a purchase price of USD 20.4 million.
Hamburg Port Completes Rail Terminal Expansion
Hamburger Hafen und Logistik AG (HHLA) has completed a project to expand the rail facilities at its Container Terminal Burchardkai in the Port of Hamburg.Two extra…
LNG Import: China is World's No. 2 buyer in 2018
China's imports of liquefied natural gas (LNG) in December soared 25 percent from the same period a year earlier to a monthly record of 6.29 million tonnes, customs data showed on Wednesday.The previous record of 5.99 million tonnes was set in November.For the whole of 2018, imports grew 41 percent from 2017 to a record 53.78 million tonnes, according to the data from the General Administration of Customs.
New Marine Expo Focused on Cruise Interiors
Marine Interiors Cruise & Ferry Global Expo, powered by SMM, is the most recent addition to the maritime exhibition portfolio of Hamburg Messe und Congress GmbH (HMC).Launching this year…
BIOFUELS: Clariant, ExxonMobil, REG Partners on Research
Clariant signed a joint research agreement with ExxonMobil and Renewable Energy Group (REG) to evaluate the potential use of cellulosic sugars from sources such as agricultural waste and residues to produce biofuel, which has the potential to play a role in reducing greenhouse gas emissions.The new partnership expands a previously announced agreement[1] for joint research between ExxonMobil and REG…
Vigor Wins $7.3 Mln Contract for USCG Icebreaker Maintenance
The U.S. Coast Guard’s polar medium icebreaker Healy arrived at Vigor’s Seattle shipyard in early January for maintenance.The $7.3 million contract includes sea valve renewal and overhaul, bow thruster modifications, ballast tank and underwater hull paint preservation and various machinery overhauls.The vessel will be at Vigor’s Harbor Island facility through June 2019.The 20-year-old Healy was built at Louisiana's former Avondale Shipyard and commissioned in 1999.
The Tanker Market: 2019 and Beyond
Late 2018 saw the tanker market bubble upwards through late November, with daily vessel hires moving in the direction of, though not yet reaching levels not seen since late 2014-2015, when oil prices were in freefall and inventories building to the brim. A few pundits have suggested that we are seeing a “mini 2014” where lowered oil prices are coaxing another inventory build which would drive tanker capacity utilization, and per diem freight inflows, higher.
Technology: New FiFi Simulator from Kongsberg Digital
Kongsberg Digital unveiled an innovative new simulator solution for training officers and crew in advanced firefighting. K-Sim Safety offers high fidelity simulation covering all aspects of fire safety. K-Sim Safety contributes to reducing the impact of fire on board as well as planning strategies and tactics to control fire in various parts of the ship, enabling a safer and more effective response…
Fast Support Vessel Delivered for SEACOR
Louisiana shipbuilder Gulf Craft has delivered the third vessel in a series of new class monohull fast support vessels (FSV) for SEACOR Marine.According to designer Incat Crowther, the vessel Libby L. McCall advances the traditional offshore support vessel model and offers a more cost efficient, comfortable, flexible, and safe option to helicopter transportation.The vessel features redundancy to mitigate against down time or loss of functionality due to mechanical complications.
Inland River Cruising: 2019 Will Be Busy
One year ago, we reported on vacation river cruising, presenting an industry mostly on the optimistic side of growth and expansion for 2018. This year’s review is more geographically limited – to the Mississippi River, heartland cruises centered among New Orleans, Memphis, St. Louis and St. Paul – but with links important for a lot of smaller cities in between.Big picture:This industry is strong, at…
Offshore Upswing: CNOOC Spend Highest Since 2014
China's state-owned offshore oil and gas producer CNOOC Ltd said it is confident of achieving its spending target this year, the highest since 2014, as its responds to a call to build up the nation's petroleum output and reserves.The company plans to spend 70 billion to 80 billion yuan ($10.3 billion to $11.8 billion) on exploration and production, CNOOC said in a press release on Wednesday, compared…
