Bunker Fuel Mkt to Reach $273bln by 2025
The global bunker fuel market, which was valued at $137.21 billion in 2017, is expected to reach $273.05 billion by 2025, growing at a CAGR of 9.4% during the forecast period…
U.S. Shale Oil Production to Grow 16%
United States shale operators are on track to increase oil production by 16 percent in 2019, according to analysis by energy research firm Rystad Energy.The growth…
Ocean Yield Takes Delivery of Two Ships
Norway-based ship owning company Ocean Yield ASA has taken delivery of two 2017-built Ultramax dry bulk vessels.The Ultramax ships are "SBI Libra" and "SBI Virgo"…
WACT Invests in Equipment
The West Africa Container Terminal (WACT) located in Onne Port, has invested in two new Mobile Harbor Cranes, in response to continued volume growth in the Eastern Nigerian market.APM Terminal…
Japanese LNG Carriers Pact with Wärtsilä
Finnish technology group Wärtsilä has signed long-term service agreements for four Japanese-owned LNG carriers.Wärtsilä’s Dynamic Maintenance Planning (DMP) proposition…
Hamburg’s Traffic on the Rise in Q1
Germany’s largest universal port is again on a growth path, achieving a distinct advance in the first quarter of 2019 with seaborne cargo throughput ahead by 6.0…
Golar Spins Off TFDE LNG Biz
Liquefied natural gas (LNG) shipper Golar announced that it has decided to proceed with a spin-off of its Tri-Fuel Diesel Electric (TFDE) LNG carrier business as…
LNG Shipping Market Declines in Q1: Golar
The 1Q liquefied natural gas (LNG) shipping market declined from strong 4Q levels in line with historic seasonality, said Golar LNG, a LNG shipping company registered…
MOL Releases 'Fleet Viewer' Application
Japanese marine transport company Mitsui O.S.K. Lines (MOL) announced that MOL, Mitsui E&S Shipbuilding, and Weathernews Inc. jointly released "Fleet Viewer," as…
Grounded Bulker Refloated off Oman
A bulk cement carrier that ran aground off beaches of Al-Fazayah Beach, Salalah in Oman has been refloated in one piece and without no damage to the environment, said the company behind the salvage operation, Resolve Marine Group.The partially loaded vessel, RAYSUTT II, departed Port of Salalah in May of last year when the port was evacuated due to adverse weather conditions. The vessel lost headway and steerage and subsequently grounded on on May 26…
Dutch Royal Couple Visits MV WERFTEN
Their Majesties King Willem-Alexander and Queen Máxima of the Netherlands called at MV WERFTEN’s Rostock facility in the course of their working visit to Mecklenburg-Vorpommern. They were accompanied by the Dutch Infrastructure Minister Cora van Nieuwenhuizen and the Minister-President of Mecklenburg-Vorpommern Manuela Schwesig. The Dutch royal couple’s working visit serves to cultivate and further…
Tote Named VCM for US Training Ship Build
Maritime Administrator RADM Mark H. Buzby, USN (Ret.), announced TOTE Services, Inc. of Jacksonville Florida as the Vessel Construction Manager (VCM) for the newest class of training ship, the National Security Multi-Mission Vessel (NSMV).TOTE Services was selected by MARAD as the construction manager for selecting a shipyard and ensuring that commercial best practices are utilized to deliver the NSMV on time and on budget.“The U.S.
SNAME Honors ABS Technical Leaders
ABS Director James Bond and Senior Engineer Harry Ren have been named Fellows of the Society of Naval Architects and Marine Engineers (SNAME).“ABS relies on being able to offer the very highest levels of industry expertise in order to continue to deliver outstanding services to clients and industry support. This recognition from SNAME underscores our industry leading technical prowess,” said Patrick Ryan…
ChartCo Names Edwards Head of Procurement
Tom Edwards has been named as ChartCo’s new Head of Procurement, and takes on the responsibility for global purchasing on behalf of ChartCo and its associated offices in this newly created role.Edwards has a strong procurement, purchasing and project management background both within consultancy and industry with Rolls Royce and the BT Group. He will help deliver traceability and responsible sourcing while working in partnership with suppliers to reduce costs…
BMT Unveils New Vessel Designs
BMT has introduced two vessel designs aimed at Taiwanese offshore wind operations.In March, BMT's Specialized Ship Design division attended an official keel laying ceremony for its new 36-meter service accommodation transfer vessel (SATV). BMT has partnered with high-speed commercial vessel builder Penguin Shipyard International (PSI) for the SATV as well as a new 26-meter crew transfer vessel (CTV).The…
Alfa Laval’s Lindmark Takes on New Role
Anders Lindmark, formerly Head of Alfa Laval PureBallast, has transitioned from ballast water treatment into another compliance application. As Business Unit President, Gas Systems, he now oversees the Alfa Laval PureSOx offering in exhaust gas cleaning.On May 1, Anders Lindmark stepped into his new role as Business Unit President, Gas Systems. The move follows years of service in ballast water treatment, comprising a number of key milestones for Alfa Laval PureBallast 3.
Teekay Offshore Renews and Expands VSAT
Teekay Offshore, one of the largest marine energy transportation, storage & production companies, has renewed and expanded its agreements with maritime connectivity provider Marlink to continue utilizing high quality global VSAT services for a further four years. The contract extension ensures reliable global broadband connectivity for data sharing and smart vessel operations, improved facilities for…
12-meter Ship Aims to Be First to Cross Atlantic Without a Crew
Final preparations are underway for a 12-meter-long ship to set sail from Canada and attempt the world's first transatlantic crossing without a crew.The USV Maxlimer, an unmanned surface vessel, is bound for the south coast of England and will conduct deep sea surveys on the way, guided by a skipper in a control station in Britain.The voyage is expected to take about 35 days.The ship was built by Sea-Kit International, which develops vessels for the maritime and research industries, for the Shel
World-First: Hydrogen-powered Push Boat
A new vessel being built to operate along the Rhône river in France will be the world's first push boat to run entirely on hydrogen fuel cells.The newbuild for the France-based Sogestran Group subsidiary Compagnie Fluviale de Transport (CFT) is due for delivery in 2021 and will feature a fuel cell based power and propulsion solution from ABB through its role in FLAGSHIPS, the EU-funded initiative to deploy commercially operated zero-emission vessels for inland and short sea operations.
USN Ship sails in Disputed South China Sea
The U.S. military said one of its warships sailed near the disputed Scarborough Shoal claimed by China in the South China Sea on Sunday, angering Beijing at a time of tense ties between the world's two biggest economies.The busy waterway is one of a growing number of flashpoints in the U.S.-China relationship, which include a trade war, U.S. sanctions and Taiwan.China struck a more aggressive tone in its trade war with the United States on Friday.
