Survitec, MRT Collaborate on Constant Wear Lifejacket
Two safety equipment specialists - Survitec and Marine Rescue Technologies (MRT) - have created a lifejacket that accommodates and complements a range of MRT personal…
GC Rieber Shipping Fleet Utilisation Hits 100%
Norwegian shipping company GC Rieber Shipping ASA had a fleet utilization of 100% in the second quarter of 2019.The operator of offshore subsea support vessels,…
Azerbaijan Launches Feeder Service in Black Sea
The Azerbaijan Caspian Shipping Company (ASCO) will launch a test voyage of a feeder vessel along the Black Sea container route Batumi-Constanta by September 20.The…
FLNG Market to Touch $17.5Bln by 2026
The global floating liquefied natural gas (FLNG) market is estimated to grow at CAGR above 5.2% over the forecast time frame 2019 to 2026 and reach the market value…
SMD on Digitalisation in the Maritime Industry
300 students from Institute of Technical Education, junior colleges, polytechnics, and universities participated in the 6th edition of the Singapore Maritime Dialogue (SMD)…
APAC Marine Coatings Market to Hit $12Bln in 2024
The marine coatings market demand by 2024 will rise exponentially driven by rapid surge in trade activities worldwide has led to increase demand from the shipbuilding…
StealthGas Adds Vessels, Wins Charters
StealthGas Inc, the world's largest owner of liquefied petroleum gas (LPG) pressurized carriers in the strategic 3,000-8,000cbm segment, has expanding its fleet with two acquisitions.
Waterford’s Tugboat Roundup Celebrates 20 Years
A modest event designed as a get-together for commercial workboat operators in upstate New York is now celebrating 20 years as a three-day community festival.On September 11, 1999, local resident John Callaghan had an idea to bring in some friends who ran tugs on the Hudson River and NYS Canal System for a quick one-day get together, right at the entrance to the famed Erie Canal. Callaghan, then a tug captain himself for the state canal system…
SCHOTTEL Wins Deal for Three Hybrid Ferries
SCHOTTEL secured a contract to provide propulsion units for three newly built hybrid ferries under construction at Sembcorp Marine, Singapore. Each of the double ended RoPax ferries will be equipped with two SCHOTTEL EcoPellers type SRE 340 FP. The vessels will be driven by an battery/diesel electric hybrid system and will be operated during their transits by green battery power. The main propulsion…
Seized Stena Bulk Tanker Could be Released Soon
Sweden has received "very strong indications" that a British oil tanker seized last month by Iran in the Strait of Hormuz is to be released soon, Swedish public…
Expedition Cruise Market Powers Ahead
While nothing lasts forever, the cruise industry – and particularly the ‘expedition’ cruise sector – remain on a historic run with no indication of a near-term slowdown.The leisure travel sector, of which expedition cruising is a part, offers numerous possibilities for delivering new “experiences” unlike industrial shipping businesses (or even conventional ferry and passenger transport), which can…
MTR100: Five "Ones to Watch"
For Marine Technology Reporter's (MTR) 14th Annual "MTR100" - a look at 100 innovators and technologies in the subsea space - MTR editor-at-large Elaine Maslin reports on five companies and technologies that are worth the watch for the remainder of 2019 and beyond. For the full edition, see https://magazines.marinelink.com/nwm/MarineTechnology/201907/Blue Logic: Entering a new eraCompletely new modes…
Iranian Tanker Wanted by US not Heading to Greece
An Iranian tanker which the United States wants seized is not heading towards Greece as it sails through the Mediterranean, Greek Prime Minister Kyrikos Mitsotakis…
Baltic Index at 4-week Peak on Broad Support
The Baltic Exchange's main sea freight index rose to its highest in more than four weeks on Thursday, lifted by strong demand across all vessel segments.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, gained 57 points, or 2.8%, to 2,118, its highest in a month.The capesize index jumped 158 points, or 4.3%, to 3,829, its highest since July 23. Average daily earnings for capesizes…
NorthStar Midstream Forms LNG Marine Transport Firm
NorthStar Midstream, a portfolio company of funds managed by Oaktree Capital Management, L.P., has announced the formation of Polaris New Energy (“PNE”), a marine transportation company focused on the transportation and distribution of liquefied natural gas (LNG) along the coastal and inland waterways of the United States.NorthStar has executed an agreement with Fincantieri Bay Shipbuilding to build a 5…
Norway Mulls U.S. Gulf Naval Mission Proposal
Norway's foreign minister said on Thursday it was deliberating how to respond to a U.S proposal on forming an international mission to safeguard shipping in the…
APC Announces Retirement of Harrington
Advanced Polymer Coatings (APC) has announced the retirement of Joseph F. Harrington after 25 years with Advanced Polymer Coatings. In 1994 he was approached by Don Keehan, Chairman of Advanced Polymer Coatings, to further develop the Marine Coatings industry with APC’s MarineLINE high-performance coating. Today MarineLINE is the industry leader in high performance coatings for the chemical tanker industry.APC President David Keehan says…
CADMATIC Acquires Kymdata, CADS Software
CADMATIC has acquired Finnish software company Kymdata Ltd. including the entire share capital as well as IPRs to all Kymdata’s CADS software and its business agreements. The acquisition increases CADMATIC’s estimated turnover to EUR 28 million. With the addition of Kymdata’s 43 employees, CADMATIC will employ over 200 people.Kymdata's CADS Electric software is a leader in electrical and automation design in Finland and Estonia. The CADS product family also includes software modules e.g.
Triton Knoll Selects Seacat for OESV
Offshore energy support vessel (OESV) operator Seacat Services signed a deal to support the construction phase of Triton Knoll offshore wind farm.The contract, which includes options for further vessel charters, will initially see two Seacat Services OESVs – one 26-meter and one 24-meter catamaran – operating out of Triton Knoll’s new Grimsby construction base, providing specialist crew transfer and logistical support at the 90-turbine…
Damen Wins UX Design Award
Damen Shipyards Group won an award for the Human Machine Interface that it has been developing over the past two years for its Next Generation Tug Series. The UX Design Awards are intended to honor innovative solutions that add value to applications, technologies and services through positive experiences, thereby strengthening people's abilities, enabling novel applications and facilitating access…
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