Offshore Wind Cable Market to Grow 57% by 2023
The value of the global market for subsea power cables needed to build offshore wind farms will grow by 57% from GBP 717 million this year to over GBP 1.13 billion by 2023…
ITF Expands into Asia Pacific
The International Transport Workers' Federation (ITF) has established its latest Contacts Network, covering Bangladesh, Cambodia, Malaysia, Myanmar, Pakistan, Papua New Guinea…
Saudi IMI Signs Jack-up Deal with GustoMSC
Saudi-based International Maritime Industries (IMI) has announced that it had signed a licence agreement with GustoMSC, a subsidiary of Houston rig and equipment…
Tanker Deliveries Up 37%: BIMCO
Delivered tonnage of crude oil tankers have grown by +37%, whereas total fleet demolitions for 2019 have slumped to the lowest in a decade with a reduction of 52% from the year before…
Antwerp Port Freight Volume Up
The total freight volume handled by Port of Antwerp rose from January through September 2019 by 1.1% compared with the same period last year. The container volume…
IBM Joins Mayflower Autonomous Ship Project
International technology giant IBM has joined a global consortium of partners, led by marine research organisation ProMare, that are building an unmanned, fully…
Orsted Chooses CWind Hybrid SES
Offshore wind farms service provider has signed a long-term charter contract agreement with Ørsted, to deliver the world’s first hybrid powered Surface Effect Ship…
Kalmar Supplies Hybrid Shuttle Carriers to Virginia Port
Kalmar, part of Cargotec, has announced that it will supply 25 Kalmar Hybrid Shuttle Carriers to the Port of Virginia, a growing, deep water port on the U.S. East…
Kawasaki Wins AiP for LNG Floating Power Plant
Japanese manufacturer of transportation equipment and machinery announced that it has obtained Approval in Principle (AiP) for its liquefied natural gas (LNG) floating…
Crystal Announces Near Term Deployment for Esprit
Crystal Yacht Cruises announced the 55-cruise roster of 2022 and early 2023 itineraries for Crystal Esprit.A number of new options punctuate the collection of regionally focused voyages…
US Leads LNG Liquefaction Capacity Growth
The US is forecast to drive new-build, liquefied natural gas (LNG) liquefaction capacity additions globally from planned and announced (new-build) projects between 2019 and 2023…
Oakland Port Container Volume Up 3.1% YTD
The Port of Oakland is a major container ship facility located in Oakland, California, in the San Francisco Bay, said that its loaded container volume from January…
Navios Maritime Repays $419Mln Loan
Navios Maritime Partners L.P., an international owner and operator of dry cargo vessels, managed to repay a major loan amounting to USD 418.5 million by combining…
Gazprom Neft Sets-up Lubes Shop in Singapore
Russian oil and gas company Gazprom Neft has established Gazpromneft Marine Lubricants, a new operating company with an office in Singapore.The new business will…
Baltic Index at One-week Trough as Demand Sags
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell to a one-week low on Wednesday, on weaker demand for all vessel segments.The Baltic index, which reflects rates for capesize, panamax and supramax vessels, was down 1 point at 1,897, extending losses to a fourth session.The capesize index fell 10 points, or 0.3%, to 3,194. The average daily earnings for capesizes…
Two LNG Dual-Fuel DP Shuttle Tankers Unveiled
AET, a petroleum tanker owner and operator, has named its newest vessels, two of the world's first LNG Dual-Fuel Dynamic Positioning Shuttle Tankers (DPSTs). The vessels, the cleanest DPSTs ever built, will emit 40-48% less carbon than equivalent vessels built in 2008, meeting the International Maritime Organization's (IMO) target of reducing carbon (CO2) emissions by 40% against 2008 baselines by 2030…
Bibby Marine Appoints Samuels as CEO
Leading marine asset company Bibby Marine Ltd has appointed Helen Samuels as Chief Executive Officer to lead the company into its next phase of development.Helen Samuels will join the Group in January 2020 from Network Rail, where she currently holds the position of Engineering Director for their $6.4bn pa national capital program. Prior to this Samuels worked as Engineering Director for United Utilities…
U.S. Shipping Sanctions Give Boost to EU Refiners
U.S. sanctions imposed last month on subsidiaries of vast Chinese shipping fleet Cosco have given an unexpected boost to European refiners as less crude oil from the North Sea and West Africa heads east, traders and analysts said.Freight rates have soared as oil producers scramble for non-blacklisted vessels, discouraging longer-distance voyages.Complex refining margins for advanced facilities capable of extracting even more valuable products like diesel and gasoline…
MSC Cruises Returns to Thordon to Keep Seashore Clean
Thordon Bearings has received an order to supply a water-lubricated propeller shaft bearing solution to Fincantieri’s Monfalcone shipyard for installation to MSC Seashore, the third Seaside Class cruiseship to which Thordon’s COMPAC system has been specified.As part of a scope of environmentally-sustainable technology to feature aboard the 339m long, twin screw vessel – the first of two enriched Seaside…
US-flagged LNG Bunker Barge Launched
America’s first offshore liquefied natural gas (LNG) barge has been launched for owner Q-LNG Transport, Mississippi shipbuilder VT Halter Marine announced on Wednesday.The Q-LNG 4000 barge, designed to carry 4,000 cubic meters of LNG, with dimensions of 324’ x 64’ x 32’.6”, will be operated as part of an articulated tug and barge (ATB) unit designed to meet the requirements of American Bureau of Shipbuilding (ABS) and the International Gas Carrier code as an LNG bunkering barge.Its tug…
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