ABB Installs Electric Azipods On Board Bulkers
Swiss-Swedish multinational corporation ABB has announced that it is entering a new market segment by installing Azipod electric propulsion systems on board two…
Turkish Steel Giant in Logistics Pact with MOL
Japanese shipping giant Mitsui O.S.K. Lines (MOL) has signed a memorandum of agreement with Turkish steel producer Tosyali Holding A.S.A joint press release said…
India's DG Shipping Completes 70 Years
The Directorate General of Shipping of India celebrate its 70th Foundation Day today, the 3rd September, 2019. Minister of State for Shipping Mansukh Mandaviya will…
Damen Sells Two ASD Tugs to Ecuador
Dutch shipbuilding giant Damen Shipyards Group said that it has sold two Azimuth Stern Drive (ASD) Tugs to Ecuador-based DLEN S.A.According to the operator of 36 shipbuilding and repair yards…
Coast Guard, Local Agencies Respond to Boat Fire near Santa Cruz Island
Coast Guard and partner agencies are responding to a vessel fire near Santa Cruz Island Monday.At approximately 3:15 a.m., Coast Guard Sector Los Angeles-Long Beach…
BPA Welcomes Infrastructure Funding Scheme
The British Ports Association has welcomed the announcement by the UK Government that there will be a new grants scheme for infrastructure modification at UK ports should there be a ‘no-deal’ Brexit but has stated a deal was the best way to avoid potential disruption at ports.The UK’s Department for Transport is to introduce its £10 million (about $12.17 million) Port Infrastructure Resilience and…
Naval Architecture and Marine Engineering Tops for Jobs
The results of a recent survey conducted by financial services company Bankrate, LLC show that naval architecture and marine engineering take the top spot as the most valuable college degrees in which to major.A total of 162 degrees were covered in the company’s research. Drama and theater arts, on the other hand, were shown to be the least valuable degrees in terms of earning power after graduation.
Fugro Surveys Petronas Acreage
Dutch multinational geo-data specialist Fugro has completed the second of three Malaysian seep hunting and geochemical campaigns for Malaysian oil and gas company…
Fednav Welcomes New Handy Bulker
Canadian bulk shipping company Fednav Limited has taken delivery of Federal Montreal, its newest Great Lakes-suitable Handysize vessel. The ceremony was attended…
Austal, Fred. Olsen Partner on Trimarans
Australian-based global ship building company Austal and the UK-based, Norwegian-owned cruise shipping line Fred. Olsen have partnered on two next generation trimarans…
Silver Moon Launched at Fincantieri
Italian shipbuilder Fincantieri has launched Silver Moon, the second of three Muse-class ships to be built for Silversea Cruises.The new ultra-luxury cruise ship…
Rates Slowdown in Permian Basin
Though the Permian Basin still dominates US land drilling, the pace of growth in this region has slowed significantly.Older tight oil wells decline by 20% per year without material intervention…
Marine Diesel Engine Market to Grow 3.9%
The global marine diesel engine market is estimated to grow at CAGR above 3.9% over the forecast time frame and reach the market value around US$ 8.1 billion by…
MSC Germany Appoints Nils Kahn as MD
The global container shipping MSC Germany S.A. & Co. KG is reallocating the responsibilities at the top of the company.Accoridng to a press release the current Deputy Managing Director Nils Kahn…
DP World Joins Chinese Firm for First Traders Market
The Dubai-based ports operator DP World announced a partnership with Zhejiang China Commodity City Group Company (CCC) to develop the ‘Traders Market’ in Jebel Ali…
ESL Shipping Buys Alppilan from SEB Leasing
Finland-based shipping company ESL Shipping, part of the ASPO Group, has acquired bulk carrier Alppila from SEB Leasing.The acquisition was made in accordance with…
Novatek Wins Arctic Gas Field
Novatek said that its wholly-owned subsidiary Arctic LNG 1 has won an auction for a geological survey, exploration and production license for the subsoil area including…
22 Bulkers Added to Fleet in Q2: Belships
The dry bulk market for Supramax/Ultramax bulk carriers improved from the first to the second quarter 2019, said Norway-based Belships.Measured by the BSI-58 index…
LA Fleet Week Kicks Off
The City of Los Angeles welcomed more than 1,200 Sailors and Marines to the Los Angeles and San Pedro area for a week-long tribute to the sea services during the fourth annual Los Angeles Fleet Week Aug. 27-Sept. 2.Los Angeles Fleet Week offers the public an opportunity to tour Naval ships, engage with service members, and enjoy a variety of displays and events throughout the week. It also gives the…
Chemical Tanker Market to Recover
The recovery of the chemical tanker market continued into the second quarter as main drivers were strong US exports and healthy volume development throughout the quarter on main trades…
