U.S. Soybean Inventories at Record Levels
U.S. soybean supplies as of Dec. 1 were the biggest on record as demand for the oilseed fizzled amid a trade war between the United States and China, the U.S. Agriculture Department said on Friday.USDA also trimmed its forecast of the U.S. soybean crop harvested last fall to 4.544 billion bushels from its previous estimate of 4.600 billion bushels.Soybean stocks as of Dec. 1 stood at 3.736 billion bushels. That compares with 3.161 billion bushels a year earlier, which had been the record.
Next Generation of Z-Tech Tugs Arrive
At the end of 2018, Gulf Island Shipyards completed the first of ten Z-Tech 30-80 tugs, five of which were ordered by Bay Houston Towing Company through its operator G & H Towing Company in Galveston, Texas. The Z-Tech 30-80 tug Mark E. Kuebler evolved from the previous Z-Tech 7500 design for the same owner. Once again, the design team and client worked seamlessly addressing operational challenges the vessel will face.
Int'l Ice Patrol Resumes Operations for 2019 Season
The Coast Guard International Ice Patrol announced it has commenced operations for the 2019 ice season as of Feb. 5, 2019 and will resume production of the North American Ice Service (NAIS) daily iceberg warning products from its operations center in New London, Connecticut.The International Ice Patrol generates the iceberg warnings from February through August, when icebergs pose the greatest threat to transatlantic shipping.
U.S. Coast Guard Looks beyond Mooring Lines
Strength, Safety and Sustainability are at the heart of this Homeland Security stakeholder’s mission set.For over 30 years, high performance fiber rope manufacturer Phillystran has worked with the U.S. Coast Guard to supply mooring and towing lines. As innovations in fiber rope technology have enabled lighter and stronger ropes, the Coast Guard has not been slow to take advantage of these and other developments.In step with most maritime stakeholders…
Two Injured in Lifeboat Mishap
A Coast Guard aircrew flew two men to the hospital after they were injured falling overboard with a lifeboat from a tanker 70 miles east of Chincoteague, Wednesday.The…
Aker Solutions Revenues Up 8%
Aker Solutions reports Q4 2018 revenue of $813 million, an 8% rise compared to Q4 2017 powered by “significant international awards in a competitive, but improving market.” In total, order intake for the quarter was $615.6 million, leaving the company with an order backlog of more than $4 billion. Better still, looking forward the company sees “continued signs of a recovery in the global market” with…
Satcom Services by Telespazio, Grimaldi
European spaceflight services company Telespazio and the shipping company Grimaldi Group have recently signed two contracts to strengthen the satellite communications…
World First: Printed Hollow Prop Blade
French defense contractor Naval Group and French elite engineering school Centrale Nantes have printed the first demonstrator of hollow propeller blades by metal…
St Petersburg Port Cargo Handling Up by 12%
Sea Port of Saint-Petersburg (CTSP), a company of UCL Port, stevedoring division of the international transportation group UCL Holding, handled 7.7 million tonnes…
ADNOC Awards USD1.36bln Contract
State-owned Abu Dhabi National Oil Company has awarded a contract worth Dh5 billion (USD1.36bln) to a UAE-based company for dredging, land reclamation and marine…
Fincantieri Delivers Viking Jupiter
Fincantieri's Ancona shipyard has delivered Viking Jupiter, the sixth in a series of 930-passenger ships for Viking Cruises.The delivery ceremony took place this…
Ocean Yield Adds Fifth Crude Tanker
Norwegean shipping company Ocean Yield has taken delivery of the modern suezmax crude tanker “Milos” yesterday (February 07).The vessel was built in 2016 by Sungdong…
Princess Beatrix Lock Opens
The Dutch Princess Beatrix, in the presence of the Dutch Minister of Infrastructure and Water Management Cora van Nieuwenhuizen, officially opened the 3rd lock chamber Princess Beatrix Lock.
Milaha Ups Stake in Nakilat
Qatar-based maritime transport and logistics company Qatar Navigation (Milaha) has increased the company’s stake in compatriot liquefied natural gas (LNG) shipping…
Polaris Refuels in Finland
World’s first liquefied natural gas (LNG) icebreaker Polaris refueled for the first time at the Nordic countries’ largest LNG terminal in Tornio in the icy Röyttä Harbour.As of yet…
Ardmore Refinances Seven Ships
Bermuda-based owner of product and chemical tankers Ardmore Shipping has refinanced seven vessels under finance lease arrangements during the fourth quarter of 2018.According…
ITF Exposes Wage Theft on BlueScope Ship
Wage theft aboard a BlueScope chartered foreign-flagged ship in Port Kembla has been exposed after intervention from the International Transport Workers’ Federation…
Spain Accedes to IMO Fishing Vessel Treaty
Spain has become the latest country to accede to the International Maritime Organization’s Cape Town Agreement on fishing vessel safety, significantly boosting the…
EU Strict on Port Emissions Cuts
Publishing data about the emissions of all ships calling at EU ports, as proposed by the European Commission, will incentivise shipping companies to cut their CO2…
LCS Billings Delivered to U.S. Navy
Within the Littoral Combat Ship Program (LCS), the consortium consisting of Fincantieri, through its subsidiary Fincantieri Marinette Marine (FMM), and Lockheed Martin Corporation…
