CPLP Completes DSS Holdings Merger
Greek shipping company Capital Product Partners (CPLP) has completed its merger of crude and product tanker business with businesses owned by tanker owner and operator…
ZIM's New Call to Port of Prince Rupert
Canada's Port of Prince Rupert, and DP World Prince Rupert announced a new weekly marine carrier service at the Fairview Container Terminal.ZIM Integrated Shipping…
Georgia Ratifies Load Lines Convention
Georgia is the 112th State to accede to the International Convention on Load Lines (1988 Protocol), announced International Maritime Organization (IMO).According to the UN body…
DNV GL Okays INTELLIMAN Ship Software
DNV GL announced that Samsung Heavy Industries (SHI) INTELLIMAN Ship software complies with the EU-MRV and IMO-DCS regulations.The classification society said in…
Teekay LNG taps Start Up for Fleet Optimization
Teekay LNG Partners L.P. signed a full fleet partnership with the New York-based startup, Nautilus Labs, to enhance the efficiency of its gas vessels. Nautilus Labs’ platform is designed to unify fleet data and leverages machine learning to optimize vessel performance.The partnership actually began in February 2018 with a five ship pilot. Nine months later Teekay LNG Partners agreed to roll out the…
DSC Dredge Names Bolling VP & CAO
Christina Bolling has been named Vice President and Chief Administrative Officer (CAO) of DSC Dredge, LLC.She was promoted after serving five years as DSC Dredge Corporate Human Resources Director for DSC headquarters and two production facilities in Greenbush, Michigan and Poplarville, Mississippi. Bolling’s background experience of Human Resources, Leadership Development and Operations provide substantial…
Tanker Bottleneck Eases for Port of Houston
Four tankers on Thursday were preparing to offload or pick up cargoes in the busiest U.S. oil port, the first signs of an easing of the bottleneck that cut 1 million barrels per day of shipments, according to vessel tracking data.The Houston Ship Channel reopened this week with operating restrictions following a fire at Mitsui & Co Inc's Intercontinental Terminals Co (ITC) in Deer Park, Texas. That blaze sent fuel and chemicals into the waterway…
Container Rates Alert: Box Industry Builds
Small yet significant rises in European import and export activity, combined with increased Far East imports and continued growth in US exports has fuelled a moderate improvement in long-term global container rates in March. The trend, identified in the latest XSI Public Indices report from Xeneta, builds on the positive rates development recorded last month, which effectively halted a decline underway since August 2018.Oslo-based Xeneta…
Digitalization & A Connected Workplace
Technology, from mobile to cloud to social media, have all had an enormous impact on the way companies operate and interact with their staff and customers. However, research from technology media company IDG, found that while 89% of companies plan to adopt a digital-first strategy, only 44% of them have actually done it. While the shipping industry has been slow to adopt digital technology, there are signs this is changing.
Bergink takes over as Framo CEO
Sameer Kalra has passed the helm of pumping system manufacturer Framo over to new CEO Martijn Bergink.Bergink will be based in Bergen, Norway. Formerly President of Business Unit Boiler and Gas System at Alfa Laval, he has held various positions within Alfa Laval since 1998. Educated as a chemical engineer, Bergink holds an McS degree in Chemistry.Kalra, the former Framo CEO moves across to parent…
The Enduring, Iconic U.S. Flag ATB Model
The view from the Bouchard Boardroom and … beyond.The roots of the now familiar and reliable articulated tug and barge (ATB) business are deep and stretch all the way back to the 1800’s.
Laaksonen Resigns as Containerships CEO
Containerships plc’s board of directors announced that its Chief Executive Officer, Kari-Pekka Laaksonen, has resigned. The board of directors of Containerships…
Hugo De Stoop Takes over as Euronav CEO
Hugo De Stoop, currently CFO at Euronav NV, is the choice to succeed Paddy Rodgers as CEO of the company. The company expects the transitiion to be complte in the second quarter of 2019.
Croatia Won't Back Shipyard as Bankruptcy Looms
The Croatian government said on Thursday it would not back a restructuring plan for the country's biggest shipbuilding group Uljanik due to the financial burden on the state and doubts the proposal could turn the company's fortunes around.If no other restructuring plan emerges soon, a local commercial court will deliver a ruling on bankruptcy within weeks, threatening the jobs of almost 3000 workers.Prime…
USCG: Have a Regime When the Current’s Abeam
Ensure adequate maneuvering space!Recently there were three marine casualties that resulted in the sinking of towing vessels on the Lower Mississippi River. One of the casualties resulted in a fatality. These cases are all under investigation by the Coast Guard, but the preliminary fact finding indicates there are some similarities between the three incidents. In all three cases towing vessels became…
Trafigura Sends More Asian Gasoline to Americas
Commodity trader Trafigura is shipping this month a second newly built crude tanker with Asian gasoline onboard to South America amid strong demand in the West, four industry sources who closely monitor petrol trade flows said on Thursday.Although it is not uncommon for traders to use a brand new crude tanker of 150,000 deadweight tonnage (dwt) to ship clean fuels such as diesel, it is rare to use…
Kirby Amends, Restates Credit Agreement
Kirby Corporation has announced that it has entered into an amended and restated credit agreement with a group of banks.The Credit Agreement, among other things…
Maltese Soldiers Recapture Tanker from Migrants
A small tanker that was hijacked by migrants off Libya docked in Malta's port of Valletta on Thursday after Maltese special forces took control of the vessel, a Reuters witness said.Cargo ship Elhiblu
ESG Launches Another Z Drive tug for McAllister
Eastern Shipbuilding Group has announced the launch of the Escort/Rescue ZDrive Tug CAPT. JIM McALLISTER for McAllister Towing on March 19, 2019.This Escort/Rescue Z-Drive Tug design provided by Jensen Maritime Consultants is currently under construction at Eastern’s Allanton facility. The vessel is scheduled to deliver later in 2019.Present at the launch was the Owners’ onsite representative, Jamie Thibodeaux of McAllister Towing with Eastern’s project manager Patrick D’Isernia. The CAPT.
BOEM Forges Offshore Wind Alliance
NOAA Fisheries, the Bureau of Ocean Energy Management (BOEM), and the Responsible Offshore Development Alliance (RODA) signed a 10-year Memorandum of Understanding…
