LNG Cargo Ready Notation for Ethane Carriers
American Bureau of Shipping (ABS), the provider of classification, technical, and regulatory services for the marine industry, launched the industry’s first LNG…
AEC Collaborates with ABS for ULEC
American Ethane Company (AEC) is collaborating with ABS, the global provider of classification and technical advisory services to the marine and offshore industries…
ABS Issues AIP for Jiangnan for VLGC, VLEC Design
The class organization American Bureau of Shipping (ABS) has granted the approval in principle (AIP) for the LNG Jumbo, two next generation gas carrier designs from…
BAE Systems Wins U.S. Navy Contracts
British multinational defence company BAE Systems has received $170.7 million in contracts from the U.S. Navy to perform simultaneous maintenance and repair on two…
Aramco Rapidly Restores Production Capacity
Saudi Arabia's oil and gas giant Saudi Aramco announced that it will fully restore its production capacity by the end of September, in light of the Saturday's drone…
Qatar, Shell Partner on LNG Bunkering
State-owned Qatar Petroleum and the Netherlands-based oil and gas company Shell signed a shareholder agreement to establish a joint venture for global LNG bunkering…
IMI Shipyard Inks VLCC Order with HHI
Saudi Arabia’s International Maritime Industries (IMI) has signed a vessel purchase agreement (VPA) with the National Shipping Company of Saudi Arabia (Bahri) and…
Boskalis Unit Scores Mozambique FLNG Gig
Dutch dredging company Royal Boskalis Westminster announced that its 50%-owned associate company Smit Lamnalco is contracted by Coral FLNG to provide marine services…
MOL Trials LNG-Fuelled Tugboat at Kobe
Japanese shipping company Mitsui O.S.K. Lines (MOL) has taken part in the first bunkering of liquefied natural gas (LNG) into a tugboat at the Port of Kobe, Japan.At the Port of Kobe…
Clarke Joins Seaspan Shipyards as CFO
Seaspan Shipyards (Seaspan) has announced the appointment of James Clarke as Chief Financial Officer (CFO). With more than 15 years of senior finance experience in engineering and industrial environments Mr. Clarke brings his strong background in strategic finance to Seaspan’s growing shipbuilding and ship repair operations.Clarke joins Seaspan from the Houston, Texas, office of SNC Lavalin where he…
Crowley Awards Scholarships to Four Cal Maritime Students
Crowley Maritime Corp. awarded Thomas B. Crowley Sr. Memorial Scholarships to four California State University Maritime Academy (CMA) cadets at the Containerization and Intermodal Institute’s Connie Awards last night in Long Beach, Calif.The recipients earned the scholarships based on their academic achievement, financial need and their interest in pursuing careers at sea.Spencer Hoffman, a third-year student from Loomis, Calif., is currently a junior studying marine transportation.
IPO Expected for Italian Yacht-Maker Sanlorenzo
Italian motor yacht maker Sanlorenzo aims to list on the Milan Stock Exchange at about the same time as the rival Ferretti Group, with an initial public offering…
Next Wave of U.S. LNG Export Projects to be Tougher
The next wave of U.S. liquefied natural gas (LNG) export projects will be “tougher” to bring online, as companies with existing facilities take advantage of lower costs to expand capacity in coming years, the chief executive of Blackstone Group said on Wednesday.Blackstone CEO David Foley said at the Gastech Energy Conference in Houston that only one or two new startup projects may reach a final investment decision (FID) in the next wave of U.S.
NYK Conducts Japan’s First Carbon-Neutral Voyage
NYK has become the first Japanese shipping company to realize a carbon-neutral voyage by offsetting 5,000 tons of carbon dioxide (CO2), equivalent to the CO2 emitted by NYK’s environmental flagship car carrier Aries Leader during one voyage between Japan and the Middle East.Aries Leader is equipped with the latest energy-saving technologies, reducing CO2 emissions per unit by 30% compared with existing large pure car carriers (i.e., comparing emissions on a per car basis).
Magellan Begins Refined Products Transportation on Hearne Pipeline
Magellan Midstream Partners LP said on Wednesday it had commenced operation of a new 135-mile, 20-inch diameter refined products pipeline from its East Houston terminal to Hearne, Texas.The company also said construction of a pipeline spur from the new system to the George Bush Intercontinental Airport was also complete and would be in operation by Nov. 1, once testing is finalized.Completion of the…
SAAM Towage Contracts Damen for Tug Vessel
In August 2019 Damen Shipyards Group signed a contract with SAAM Towage for the delivery of an ASD Tug 2813 to SAAM Mexico for operations in the port of Veracruz. This order is the latest milestone in a business relationship spanning several decades and involving numerous vessels.Due to an existing relationship built on previous shared success, SAAM Towage approached Damen sales manager Ezequiel Najmias with a possible order.
Incat Crowther-Designed Flex Ferry 33X Sets Benchmark
Incat Crowther has announced the launch and delivery of Krotoa, the first Flex Ferry developed in conjunction with Penguin Shipyard. The Incat Crowther designed vessel has been delivered to South Africa’s Robben Island Museum and takes its name from the famous prison’s first female political prisoner. It is the first of Penguin Shipyard’s passenger ferry stock build program. The second vessel will be completed in the coming weeks.Carrying 285 passengers…
Baltic Index Falls for Tenth Straight Session
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, slipped for the tenth successive time on Wednesday as rates across the capesize and panamax categories declined.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 17 points, or 0.7%, to 2,266 points.* The capesize index was down 62 points, or 1.4%, to 4,394 points.* Average daily earnings for capesizes…
Kongsberg Wins Full-Scope Expedition Cruise Vessel Tender
Kongsberg has just signed a contract with Damen Shipyards in the Netherlands for the delivery of a fully integrated Kongsberg Maritime solution to the SeaDream Yacht Club cruise line.Valued at more than $21.5 million, Kongsberg’s most extensive ‘Full Picture’ delivery for an expedition cruise ship, Innovation, also encompasses the supply and integration of propulsion equipment including the new ELegance azimuth pod system…
ABS and HHI Group Join Forces on D&D
ABS, Hyundai Heavy Industries (HHI) and Hyundai Global Service (HGS) have agreed on a framework for the exchange of Digitalization and Decarbonization (D&D) concepts to apply to present and future designs. This new framework will be an industry first D&D ecosystem between class, shipyard and ship service company.Launched at a ceremony during Gastech, the new framework enables HHI, HGS and ABS to support…
