Fitch Affirms Panama Canal 'A' Investment Grade
For the fourth consecutive year, Fitch Ratings has affirmed the Panama Canal's 'A' investment grade rating with a stable outlook for its long-term issuer default…
W African Firm Builds LNG Import Capacity
Equatorial Guinea is set to construct the first liquefied natural gas (LNG) storage and regasification plant in West Africa, advancing efforts to monetize gas resources…
Marine Lubricants Market to Reach $7.15Bln by 2026
The Marine Lubricants Market, which was USD 6.14 Billion in 2018, is expected to grow CAGR of 1.9% to reach USD 7.15 Billion by 2026.According to a new report by…
Dream Cruises Wins $2.9Bln from KfW IPEX-Bank
KfW IPEX-Bank, leading a consortium consisting of six international banks, is structuring the financing of two cruise ships for Genting Hong Kong Ltd. and its brand…
Waterfront Adds Methanol-Fuelled Vessels
The marine transportation company Waterfront Shipping Company has added two new innovative, clean-burning vessels, M/T Mari Couva and M/T Mari Kokako, to its fleet.Both 49…
BBC Chartering Appoints Ulrichs as CEO
German shipping services company BBC Chartering has announced that Ulrich Ulrichs has taken over the CEO position from Svend Andersen as announced in May of this…
SE Asia Plans Oil Spill Contingency
According to International Maritime Organization (IMO), one of the key elements in oil spill contingency planning is to define the communication channels to be used…
Fire Hits PDVSA Tanker at Amuay Bay
A fire swept through the engine room of a tanker owned by Venezuela's state oil company PDVSA on Monday while it was anchored at Amuay Bay near the country's largest refinery…
RAL, MTU Team Up on LNG Pushboat
Natural gas is quickly becoming the “fuel of choice” for the maritime industry, not only for its potential in reducing environmentally hazardous gas emissions, but also for its reduced cost when compared to other fossil fuel-based alternatives.For natural gas to become a preferred marine fuel, its availability needs to improve, and this fact alone has hindered its growth in some parts of the world.
Italian Prosecutor Orders Open Arms Boat to be Seized
An Italian prosecutor ordered to seize the Open Arms ship that has been stranded at sea by the Italian island of Lampedusa for the past 19 days with almost 100 migrants aboard, the prosecutor's office
7000 HP, Tier IV McAllister Tug Arrives in Charleston
McAllister Towing is proud to announce the arrival of the tug CAPT. JIM MCALLISTER, the fourth in a series of four 100’ x 40’, 80 metric ton bollard pull tugboats. The tug is the 33rd tractor tug in McAllister’s fleet.The CAPT. JIM is powered by 3516E Tier IV Caterpillar engines with twin Schottel SRP4000FP units. Packed into her 100’ x 40’ hull is 6,770 horsepower. She achieved 82.50 metric tons during her ABS bollard pull certification and had a maximum pull of 83.70 tons. The CAPT.
Greece: No Request Yet from Iranian Tanker to Dock
Greece said on Tuesday it had had no request for an oil tanker at the centre of a row between Iran and the U.S. to dock at one of its ports, as Washington warned…
Baltic Index Down on Lower Capesize, Panamax Rates
The Baltic Exchange's main sea freight index fell for the second straight session on Tuesday, hurt by softer demand for the capesize and panamax vessel segments.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 0.4%, or 8 points, to 2,059 points.The capesize index slipped 63 points, or 1.7%, to 3,665 points. Average daily earnings for capesizes, which typically transport 170…
Italy welcomes Spain's Navy for Open Arms migrants
Italy's Transport Minister has welcomed Spain's decision to send its navy to pick up migrants on board the Open Arms charity ship and take them to Spanish shores."I hope that Spain answers our appeal
VT Group Awarded U.S. Navy Contract
VT Group, a premier middle-market technology integrator and C4ISR solutions provider, has been named by Naval Information Warfare Systems Command (NAVWAR) as one…
ExxonMobil's Mobilgard 540 Cylinder Oil Available
ExxonMobil has announced its new 40BN cylinder oil, Mobilgard 540, will be available from September 2, 2019. The lubricant has been specifically formulated for use with 0.50% sulphur fuels that comply with the International Maritime Organization’s (IMO) 2020 emission regulations and meets the requirements of OEMs, MAN ES and WinGD.Mobilgard 540 will be available from launch in major ports around the world including Hong Kong, Singapore, Antwerp, Rotterdam and Amsterdam.
Guidance on 0.50% Sulphur Marine Fuel
A number of shipping, refining, fuel supply and standards organisations have worked together to produce Joint Industry Guidance on the supply and use of 0.50% - sulphur marine fuel released on August 20, 2019.The publication has been developed by experts from across shipping, refining, supply and testing of marine fuels.The publication is designed to provide guidance for stakeholders across the marine fuels and shipping industries, from fuel blenders and suppliers to end users.
Shipbuilder: Data-Driven Ops Help Maritime Companies
In the data infographic, released by Shipbuilder, you can discover the most notable advantages of switching to data-driven operations for maritime companies. Geert Schouten, director of Shipbuilder: ”We have been active in the maritime sector for eight years now and help shipyards and yacht builders to digitally transform, from document-driven to data-driven. For them this means making business future proof with the help of our knowledge based data management system.
Thordon Names Haraldsson as Marine Business Manager
Canadian-based Thordon Bearings, a leader in environmentally safe propeller shaft bearings and seal systems, has appointed Michael Haraldsson to the role of Marine Business Development Manager.A native of Sweden, Haraldsson has more than 25 years of strategic sales experience across a myriad of maritime sectors, having held senior sales positions with well-known original equipment manufacturers and service providers…
MAN ES Expands its Digital Network
MAN Energy Solutions and Samsung sign strategic digitization agreement MAN Energy Solutions and Samsung Heavy Industries Co., Ltd. have signed a strategic cooperation agreement for the digitization of marine engines. Together the companies want to define a framework for a long term strategic cooperation in order to develop technologies and systems for the digitization of marine engines.“Digital technologies and the business models based on these technologies will transform the maritime industry.
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