Moody's Sees Higher Earnings for Shipping Sector
The outlook for the global shipping sector into 2020 will remain stable as higher expected earnings are counterbalanced by US/China trade tensions and worldwide regulatory risksā¦
MacGregor to Upgrade MSC Vessels
Swiss-based shipping line MSC Mediterranean Shipping Company has signed a contract with MacGregor and Guangzhou Wenchong Dockyard to upgrade cargo systems on six 16ā¦
Coast Guard Training in Kenya
Senior officials from the newly established Kenya Coast Guard Services are undergoing training on coast guard functions at a national workshop in Mombasa, Kenya (24-28 June)ā¦
DMA to Celebrate WAtoN Day
The Danish Maritime Authority (DMA) announced that the international Marine Aids to Navigation Day (WAtoN Day) will be held around the world for the first time.DMAā¦
Oman Shipping Orders 3 VLCCs at DSME
Oman Shipping Company (OSC), a member of the ASYAD Group, has signed an agreement for the construction of three very large crude carriers (VLCCs) with South Koreaāsā¦
Yamal LNG Ships 1st LNG Cargo to Japan
Russian natural gas producer Novatek announced that Yamal LNG shipped the first LNG cargo to Japan in accordance with the long-term off-take agreement with TOTAL.Itā¦
IMLI Celebrates 30 Years of Legal Training
Malta-based IMO International Maritime Law Institute (IMLI) informed that 2019 academic year marks its 30th anniversary.According to International Maritime Organization (IMO)ā¦
U.S. Court to Decide Who Will Control Citgo
A U.S. court will decide whether a board of directors appointed by Venezuelan President Nicolas Maduro or one backed by his rival, opposition leader Juan Guaido, runs the eighth-largest U.S. refiner, Citgo Petroleum Corp.A lawsuit filed by Maduro's representatives on Tuesday in Delaware Chancery Court seeks to reassert control over Citgo , along with other U.S. subsidiaries of PDVSA , the Venezuelan state-run oil company.Citgoā¦
New Profile for The Shipbuilding Sector in Liguria
Pursuant to the agreement signed last year between Fincantieri, the Liguria Region and the trade unions Cgil, Cisl and Uil, aimed at carrying out a series of initiativesā¦
NorShipping 2019: A āKoseligā Event
"Koselig" is a Norwegian adjective used to describe situations that give a feeling of comfort, warmth, and relaxation. The NorShipping exhibition and conferenceā¦
āWilhelmsen, Rainmaking Innovation Join Forces
Wilhelmsen and Rainmakingās announced a partnership aiming to spin-out and scale-up existing innovative solutions researched and developed by Wilhelmsen with potential to scale across the industry.
UAE Says Convincing Evidence Needed on Gulf Tanker Attacks
The United Arab Emirates said on Wednesday that clear and convincing evidence was needed to apportion blame for attacks last month on four oil tankers off its coastā¦
Water Outflow on Seaway Now Above 10,400 CMS
The Chamber of Marine Commerce supports the International Lake Ontario-St. Lawrence River Boardās decision Friday to continue flow rates from the Moses-Saunders dam at 10,400 cubic meters per second (CMS).Maintaining the 10,400 CMS outflow still results in a significant cost to the economy, with an estimated $2.3 million to $3 million in business revenues lost for every day itās in place due to delaysā¦
Cimco Marine Names Losch as Sales Director
Ralf Losch has been appointed Sales Director for Cimco Marine AB's (publ).Ralf Losch started his position on June 24, 2019. He brings more than 20 years of technical sales experience and has an extraordinary track-record of extracting value from markets through organizing sales of diesel engines into markets including commercial marine, oil and gas, naval/governmental, workboat etc.Losch has a broadā¦
Damen Completes Complex DSV Job
Damen Shiprepair Amsterdam has finished repair work on the 156m Diving Support Vessel (DSV) Deep Arctic. The shipyard reports that it was a complex project with a total of 2198 work permits issued, an indication of the large number of individual jobs that were completed and the number of stakeholders involved. The TechnipFMC-owned Deep Arctic came to Damen Shiprepair Amsterdam (DSAm) primarily forā¦
First European Dual-Fuel Dredger Conversion
Damen Shiprepair & Conversion has signed off on the conversion of a dredger to dual-fuel operation on liquefied natural gas (LNG) and marine gas oil (MGO), and which is powered by MAN 35/44DF engines.The conversion of the āSamuel de Champlainā is the first of its kind in Europe and is part of an EU-supported initiative to promote LNG propulsion in short-sea vessels operating along the European Atlantic coast.The 117mā¦
New Indictments in Table Rock Duck Boat Sinking
Two more employees of Ripley Entertainment, Inc. ā the company that operated duck boat rides in Branson, Missouri ā along with the captain of the duck boat that sank at Table Rock Lake last summer, resulting in the deaths of 17 people, have been indicted by a federal grand jury.Curtis P. Lanham, 36, of Galena, Missouri, and Charles V. Baltzell, 76, of Kirbyville, Missouri, were charged in a 47-count superseding indictment returned under seal by a federal grand jury in Springfield on Thursdayā¦
MN100: Looming Large in the Center Porthole
Is your company a Top 100 performer? The application period for this yearās MN100 edition is officially open and underway! Only those who apply can be considered for inclusion.The MN100, always our August print edition, is our annual look at the best 100 firms in the MarineNews, brown water, workboat space. There will never be a better time for you to tell MarineNews just why your firm is one of the best in the business.
Dolphin Drilling Declares Bankruptcy
Norwegian oil and gas rig operator Dolphin Drilling filed for bankruptcy on Wednesday, leading creditors to seize its key assets in a restructuring that will see the company maintain operations.Formerly known as Fred. Olsen Energy, Dolphin Drilling ASA had debt of just over $1 billion at the end of 2018 and a net loss for the year of almost $300 million, its annual report shows.Once a dominant supplier of drilling rigs to oil and gas firms exploring the North Seaā¦
SAFETY: Transitioning to LED Navigation Lights
The Convention on the International Regulations for Preventing Collisions at Sea (COLREGS) governs the intensity of navigation lights, requiring a minimum intensity in candelas according to a prescribed intensity formula. Changes are coming.IMO Resolution MSC.253 (83) for larger vessels sets performance standards for navigation lights, navigation light controller and associated equipment, requiring a masthead lightā¦
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