GAC Opens in Ireland
As part of its European growth strategy, the GAC Group has opened its first office in the Republic of Ireland, providing a wide range of shipping services to vessels at the country’s ports as well as in Northern Ireland.GAC Ireland provides ship agency services at all major Irish ports to a range of customers operating in sectors from tankers and dry cargo to offshore and navy vessels. Through its base in Cobh…
ClassNK Grants AIP on LPG Reformer for Marine Engines
Classification Society ClassNK granted an Approval in Principle (AIP) to Osaka Gas for their joint project with Daihatsu Diesel on an LPG Reformer for marine engines. This was the first AIP granted in Japan for such equipment.The LPG Reformer is designed to convert LPG into synthetic methane gas equivalent to the kind found in LNG. Due to being mainly composed of propane and butane, LPG is susceptible to knocking (abnormal combustion)…
Baltic Index Snaps 13-session Losing Streak
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose slightly on Tuesday ending a 13-session losing streak, as higher demand for capesize vessels offset a fall in panamax demand.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, rose 8 points, or 0.4%, to 2,116 points.* The capesize index was up 79 points, or 2%…
Sovcomflot Elects New Chairman and New CEO
On September 24, 2019, the Board of Directors of PAO Sovcomflot elected Sergey Frank as its new Chairman. Igor Tonkovidov was appointed as the company's new Chief Executive Officer. Both appointments are with immediate effect.The meeting was attended by Maxim Akimov, Deputy Prime Minister of Russia, who noted in his address: "Through consistent implementation of Sovcomflot's Strategies 2005-2011 and 2012-2018…
Warning: Abduction of Crew From Fishing Boat Off Malaysia
Name and Type of Ship: Fishing boatDate/Time of incident: September 23, 2019 at about 1200 hrs (local time)Area Description: Off Lahad Datu, Sabah, MalaysiaCategory: Abduction of crewDescription: On Sep 23, 2019 at about 1200 hrs, seven masked-men armed with high powered firearms such as M16, RPG and pistols; believed to be members of the Kidnap for Ransom Group (KFRG) in Sulu-based Abu Sayyaf Group (ASG) abducted three Indonesian crew from a Malaysian fishing boat.
NYK Places Order for World’s Largest LNG-Fueled PCTC
NYK has placed an order for the world largest pure car and truck carrier (PCTC) capable of navigating oceans with only LNG as the main fuel. A keel laying ceremony was held on September 20 at Shin Kurushima Toyohashi Shipbuilding Co. Ltd., and NYK managing corporate officer Takaya Soga and other related parties were in attendance. The ship is scheduled to be delivered in 2020 and will be the first…
New Sharktech Autonomous Vessel
USA-based shipbuilder Metal Shark and Sea Machines, a Boston-based developer of autonomous marine technology, have partnered on the introduction of a new 29-foot autonomous vessel now being offered through Metal Shark’s “Sharktech” autonomous division.The new Sharktech 29 Defiant welded aluminum monohull pilothouse vessel features OEM-integrated Sea Machines technology offering a full range of advanced capabilities including active control and collision avoidance.
KOMIPO, Petronas Ink LNG MoU
Korea Midland Power (KOMIPO) has signed a memorandum of understanding (MOU) on business development and cooperation in the fields of liquefied natural gas (LNG)…
ERE Opens 104MW Windfarm in Serbia
Israel-based renewable energy projects developer Enlight Renewable Energy (ERE) along with its Serbian partner New Energy Solutions has officially opened its Kovacica…
Delek Offered Funds to Invest in Ithaca
Israeli oil and gas company Delek has received an offer from an unnamed investor for a potential investment of up to $250 million into its North Sea focused subsidiary Ithaca Energy."Delek Group…
GreenSteam Acquires BMT Smart
Denmark-based GreenSteam, a majority owned company of BP, has acquired BMT’s data collection and performance optimisation subsidiary UK-based firm SMART. The marine…
OHT Bags Moray East Jackets Gig
The heavy transport vessel operator Offshore Heavy Transport (OHT) has secured a contract from DEME Offshore to transport foundations for the 950MW Moray East wind…
India's Containerized Trade Growth Slows
India's container trade growth slowed to 1 percent (9% in the same period last year) in Q2 2019 on account of various factors like growing trade tensions and slump in manufacturing sector…
VRSim Launches VR Tool For Painting
Connecticut-based virtual reality (VR) simulation systems provider VRSim introduced SimSpray 3.0, the next generation of VR paint training tool, which uses HTC’s…
Ørsted Buys Into Turbine Transfer Innovator
Ørsted, the largest energy company in Denmark, has acquired a 22.5% share in Pict Offshore, the Scottish developer of an innovative technology set to transform the…
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