ABS, SHI Sign Digital Technology JDP
ABS and Samsung Heavy Industries (SHI) are to collaborate on the use of digital technologies to streamline designing, building, and classing assets in a joint development project (JDP) signed at Gastech 2019.The JDP encompasses 3D digital disclosure, data exchange, and the use of analytics to support the new construction process and pilot the survey of the future.The JDP is focused on three areas:•Piloting…
ABS Grants AIP for the World’s Largest Ethane/Ethylene Carrier
ABS has granted Approval in Principle (AIP) to Daewoo Shipbuilding and Marine Engineering Co. Ltd. (DSME) for its 165,000 CBM Jumbo Ethane/Ethylene Carrier design.Under this design, the IMO Type B cargo tanks would be constructed out of High Manganese Austenitic Steel (Hi-MN Steel), which DSME says is more cost competitive than Ni alloy steel as well as providing increased reliability and a more robust containment.ABS has reviewed the safety…
TGS, Quantico Join for AI Seismic Inversion
TGS and Quantico Energy Solutions announced a technology collaboration to leverage their respective offerings in seismic data, AI-based well logs, and artificial…
McDermott JV Bags Arctic LNG-2 Deal
Engineering services firm McDermott International announced that its joint venture Qingdao McDermott Wuchuan Offshore Engineering Co. Ltd (QMW) in Qingdao, China…
Vestas Gets 34-MW Turbine Order from Norway
The sustainable energy solutions provider Vestas Wind Systems A/S has received a 34 MW order for the Haramsfjellet wind project on the island of Haramsøya in western…
ARC to Christen 3 Vessels on Friday
American Roll-on Roll-off Carrier (ARC) will christen the ARC Resolve, ARC Integrity and the ARC Independence, welcoming three of the most versatile and militarily…
Brittany Ferries in Brexit 'Dry Runs'
French shipping company has embarked on a series of 'dry runs' - mock voyages - between the UK and France to ensure it is ready for any “no-deal” Brexit mayhem.The…
Shearwater Wins 1st Project in S. America
Norway-based provider of marine geophysical services, Shearwater GeoServices has been awarded a 3D Isometrix seismic survey by Colombia’s Ecopetrol.It will be Shearwater’s…
DryShips Installs Scrubbers on 7 Vessels
Greek diversified owner and operator of ocean going cargo vessels DryShips announced that further to its plan to future proof its fleet, it has completed the dry-docking…
MPC Joins Trident Alliance
Norwegian shipowner MPC Container Ships (MPCC) as become the latest member of Trident Alliance, a network of shipping companies and other stakeholders.CEO Constantin…
ChartCo Opens New Office in Greece
ChartCo, the global provider of digital navigation and compliance solutions, has expanded its global network of offices to Piraeus, Greece to help provide dedicated…
LNG - Most Viable Alternative Fuel
SEA\LNG, a multi-sector industry coalition, created to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, said that LNG is the…
Colombia's SPEC LNG Expands
Colombia´s LNG Import Terminal Sociedad Portuaria El Cayao (SPEC LNG) has signed a joint development agreement with Calamari LNG, Avenir LNG and Höegh LNG on providing…
NYK in ESG Index for 17th Year in a Row
Japan's shipping giant Nippon Yusen Kaisha (NYK) has been selected for the Dow Jones Sustainability Indices (DJSI), the world's leading investment indexes for ESG (environmental…
ABS, SHI to Develop Next Generation LNG Carrier
ABS, the global provider of classification and technical advisory services to the marine and offshore industries, announced that it is collaborating with South Korean…
GTT Scores VLEC Order from HHI & SHI
French liquefied natural gas containment system specialist Gaztransport & Technigaz (GTT) has received an order notification for the tank design of six very large…
China's Unipec Ramps Up U.S. Crude Shipments
Unipec, the trading arm of Asia's top refiner Sinopec, chartered at least four crude tankers this week from the United States, ramping up purchases after attacks…
Building the Most Powerful Otto Cycle Engine in the World
WinGD has released a time-lapse video of the build of a 12X92DF engine, built by CSSC-MES Diesel Co., Ltd. (CMD) in Lingang, Shanghai.This twelve-cylinder version of the 92cm bore X-DF dual fuel engine from WinGD, is set to be the largest and most powerful Otto cycle gas and dual-fuel engine ever built and will bring a new level of environmental sustainability to the containership segment.The engine build has taken approximately 3,125 person days, which totals to 25,000-man hours.
The Poseidon Principles: De-carbonizing Global Shipping
The Global Maritime Forum, banking institutions and other maritime industry stakeholders have developed the Poseidon Principles, a global agreement among financial institutions with the aim of decarbonizing shipping. Named after the Greek God of the sea, the Poseidon Principles aim to reduce carbon emissions by aligning financial institutions’ shipping portfolios with (IMO target of a 50 percent reduction in emissions by 2050.
Marine Cargo Insurance Market Still Not Profitable
Sean Dalton, Chair of the Cargo Committee of the International Union of Marine Insurance (IUMI) has said at the organization’s annual conference in Toronto, Canada, that there has been a 2.5 percent increase in 2018 global premiums to $16.6 billion but that this increase was largely attributable to growth in global trade and exchange rate fluctuations. He added that the marine cargo market was in a…
