Quieter Shipping: Noise Exploration Program
Port of Rotterdam Authority said that NEPTUNES - a new quality mark - aims to offer ports the opportunity to reward quieter shipping.NEPTUNES is a project organisation…
MOL, Karpower Team-up for LNG-to-Powership Biz
Japanese shipping company Mitsui O.S.K. Lines (MOL) and Turkey’s floating power plant company Karpower International B.V. (Karpowership) have agreed to collaborate…
Fairfax Invests in Seven Islands Shipping
Toronto-based investment holding company Fairfax India Holdings Corporation has invested approximately $72.1mln in Seven Islands Shipping Limited, a Mumbai-based…
Port of Corpus Christi Readies VLCC Terminal
The fourth-largest port in the United States in total tonnage, Port of Corpus Christi has leased land where it hopes to build the nation's first export terminal…
GA Drilling Gets Fund, Signs Pact with MOL
High-tech deep-drilling company GA Drilling signed a EUR 4.2 million funding agreement with Lead Ventures and a service agreement with MOL Group.Lead Ventures, a…
Maersk Aborts Sale of Maersk Supply Service
The world's largest container shipping company A.P. Møller – Mærsk A/S announced that its Board of Directors has decided to retain full ownership of Maersk Supply…
Hapag-Lloyd Seals 'Dublin Express' Leak
Fuel leak from the Hapag-Lloyd container ship “Dublin Express” berthed at Global Marine New York Container Terminal in Staten Island, in the Arthur Kill waterway near the Goethals Bridge…
Port of New Orleans to buy New Gantry Cranes
New Cranes Allow Port NOLA to Accommodate Larger Ships and Meet Growing Needs. The Board of Commissioners of the Port of New Orleans (Port NOLA) have voted to approve the purchase of two new 100-foot gauge container gantry cranes to be used at the Napoleon Avenue Container Terminal. “These new cranes are vital to our success and growth here at Port NOLA,” said President and CEO Brandy D. Christian.
Companies Sue Valero for Bad Marine Fuel
Two companies filled lawsuits this week in federal courts in Texas alleging that ships they operated in 2018 were damaged by contaminated bunker fuel sold by a Valero Energy Co subsidiary Valero Marketing and Supply Co, according to court documents.A Valero spokeswoman did not reply to a request for comment.The National Shipping Co of Saudi Arabia said it paid out more than $1.1 million for repairs…
Twin Disc Breaks Ground in Texas
Twin Disc, Inc. broke ground recently on its new operations facility in Lufkin, Texas, scheduled to open in January 2020.The new 50,000-square-foot manufacturing facility will focus on producing power take-offs and clutches for heavy duty industrial equipment. The main purpose of the facility is to assemble the company's complete industrial product line and to be a distribution center for all new products…
ClassNK Releases Cyber Security Approach
Classification society ClassNK has released the ClassNK Cyber Security Approach which outlines its basic approach to ensuring onboard cyber security for ships. It was released alongside its Guidelines for Designing Cyber Security Onboard Ships for newbuilding designs as the first part of the ClassNK Cyber Security Series which incorporates requirements for taking onboard cyber security measures.Response to cyber threats is an urgent matter for the entire maritime industry.
Kongsberg to Equip Belgian Research Vessel
Kongsberg Maritime will deliver an integrated suite of subsea technology to a new Belgian research vessel. Already under construction at Freire Shipyard in Vigo, Spain, the advanced new replacement for the Belgian research vessel RV Belgica is due to be handed over to the Belgian Federal Science Policy Office (BELSPO) in October 2020.Launched in 1984, RV Belgica carried out many years of service, however, emerging mechanical issues in 2013 catalyzed plans to build her replacement.
COSCO Shipping Flags Risks From Oil Price, Trade Dispute
China's COSCO Shipping Holdings Co Ltd said trade frictions and high oil prices pose risks for the global shipping industry this year, after confirming on Friday that its net profit for 2018 fell by more than half.The state-owned company, the world's third largest container shipping line, said net profit attributable to shareholders slid 53.8 percent to 1.2 billion yuan ($178.83 million) last year…
Conrad Industries Announces 2018 Results and Backlog
Conrad Industries has announced its 2018 results and backlog.The company had net income of $198,000 and earnings per diluted share of $0.04 for the twelve months ended December 31, 2018 compared to net loss of $2.1 million and loss per diluted share of $0.42 for the twelve months ended December 31, 2017. Results for the year ended December 31, 2018 includes $7.5 million from the Deepwater Horizon Court-Supervised settlement.
Eye on Innovation: RNLI's L&R Tractor
Coming in the April 2019 edition of Maritime Reporter & Engineering News we report on the latest lifeboat to join the fleet of the Royal National Lifeboat Institution, the main sea rescue service in the UK and Ireland, the waterjet-propelled Shannon class, RNLI says is its most agile and maneuverable all-weather lifeboat yet to be deployed.While the vessel and it's capabilities are amazing, we really like the new launch and recovery system.
Advanced Coatings Enhance Aesthetics, Durability and Safety
As Maritime Partners LLC built out its modern fleet of new tank barges, quality coatings and responsiveness to last-minute color changes supported that fleet expansion. Sherwin-Williams was there to meet the challenge.The hulking silhouette of a tank barge is instantly recognizable to anyone who has spent time on the shores of an inland waterway in the United States. These massive flat-bottomed vessels help to maintain the healthy functioning of the domestic economy…
Bibby WaveMaster Horizon Launched
A second service operations vessel for Bibby Marine Services has been launched and christened during a ceremony at Damen Shipyards Galati in Romania, the shipbuilder announced Friday.The new vessel, Bibby WaveMaster Horizon, will begin maintenance work on two EnBW and Enbridge-owned wind farms in the German North Sea – Hohe See and Albatros – for Siemens Gamesa Renewable Energy and EnBW, upon delivery…
Master imprisoned for Bribery
The Hong Kong Marine Department issued a Marine Notice stating that a master was prosecuted and sentenced to four months imprisonment for bribing a Marine Department…
Report: Collision Caused by Turning Error
A report issued by the Maritime and Port Authority of Singapore (MPA) found that a February 9, 2019 collision between a Greece-registered bulk carrier and a Malaysian…
Customs Demands Bigger Bonds as Tariffs Bite
Stephen Wang is counting the costs of President Donald Trump's trade war. He had to put down 12 times more cash as a guarantee to U.S. customs that he would pay the bill for tariffs on the Chinese-made pumps, valves and motors he imports.The cost of the guarantee - a U.S. customs bond - has shot up, an additional hit to importers already facing steep customs bills adding up to tens of billions of dollars for tariffs imposed by the Trump administration on incoming Chinese goods…
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