EU Fund to ACP to Boost Sustainable Fisheries
The European Union (EU) has provided EUR40 million (USD 45 million) to boost sustainable fisheries and aquaculture in African, Caribbean and Pacific Group of States…
Focus on Women in Fisheries
Women play a significant role in the fishing supply chain, processing, smoking, and ensuring fish reaches markets and tables. Yet their contribution is often overlooked…
Costamare Charters 14 Vessels in Q3
Costamare, owners and providers of containerships for charter, said that it has chartered in total 14 vessels over the quarter ended September 30, 2019.According to Gregory Zikos…
Corporates Pledge for Healthy, Productive Ocean
30 companies and institutional investors have signed up to the United Nations Global Compact (UNGC) Sustainable Ocean Principles committing to take action to secure…
50 States Sign Fishing Vessel Safety Declaration
A global regime to create much-needed safety standards for fishing vessels has moved a significant step closer following the International Maritime Organization…
Waning Demand Across All Sectors Drags on Baltic Index
The Baltic Exchange's main sea freight index fell for a ninth straight session on Wednesday to a two-week low, hurt by weaker demand across vessel segments.The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 27 points, or 1.5%, to 1,779, its lowest in over two weeks.The capesize index slipped 71 points, or 2.4%, to 2,873, its lowest in more than three months. The average daily earnings for capesizes…
GTMaritime Protects Onboard Cyber Security
GTMaritime has seen exceptional growth in the use of its secure, maritime optimized email software and other cyber-security solutions as vessel owners and operators step up a gear to harden onboard networks and protect their ships from digital threats. Many have been spurred into action by IMO’s decision to bring cyber-security under the remit of the ISM code from 2021.Some 5,677 vessels are now employing…
DCA to U.S. House: Fully Utilize HMT Fund
The U.S. House of Representatives is set to consider H.R. 2440, Full Utilization of the Harbor Maintenance Trust Fund bill on Monday October 28, 2019. The bill may be presented in the House under “suspension of the rules.”“We strongly support the Full Utilization of the Harbor Maintenance Trust Fund for intended purpose,” said William P. Doyle, CEO and Executive Director of the Dredging Contractors of America (DCA).
Pacific Gas Chooses Inmarsat’s Fleet Xpress
The largest Liquid Ethylene Gas (LEG) ship owner in China has agreed a commitment to install Fleet Xpress connectivity from Inmarsat, the world leader in global, mobile satellite communications on all its vessels. This will also include Inmarsat’s Fleet Secure Endpoint, the new line of defense in the multi-layered strategy to thwart cyber threats.Pacific Gas has committed to the new Fleet Secure Endpoint…
VLGC for Astomos Energy Named
A naming ceremony was held in Kumamoto Prefecture at the Ariake Shipyard of Japan Marine United Corporation for a new VLGC (very large gas carrier) that NYK will charter under a long-term contract to Astomos Energy Corporation, pre-eminent liquefied petroleum gas (LPG) company.The ship was named “Lily Promenade” by Kazuhisa Otsuka, senior operating officer of Astomos Energy Corporation, and the ceremonial rope holding the vessel in place was cut by Mariko Kurokawa of Astomos.
Damen Signs with KS&EW for Another ASD Tug
Damen Shipyards Group signed a contract with Karachi Shipyard & Engineering Works (KS&EW) for the materials package of a third ASD Tug 2009 under the Damen Technical Cooperation (DTC). The order follows a contract of two ASD Tugs 2009 signed in July 2019. KS&EW are building all three vessels with Damen’s support.Construction of the first two vessels is now underway, following a steel cutting ceremony held on October 11, in Karachi.
GE Powers World’s Largest Crane Vessel
In September, Heerema Marine Contractors’ semi-submersible crane vessel (SSCV) Sleipnir completed its first project, installing the topsides for the Leviathan development in the Mediterranean, a world record lift.At 220 meters long and 102 meters wide, Sleipnir is the world’s largest crane vessel, with two 10,000-tonne revolving cranes. GE said it provided the electrical part of the power and propulsion system including 12 sets of 8-megawatt (MW) generators…
Oil Stockpiling Builds Ahead of IMO 2020 Rules
S-Oil, South Korea's third-largest refiner, said on Wednesday that regional refining margins are expected to improve in the fourth quarter on the back of inventory build-up ahead of implementation of stricter rules on marine fuels in 2020.The refiner, whose top shareholder is Saudi Aramco, said in an earnings statement, strong demand for heating oil was also expected to support refining margins, along…
Yamal LNG Tanker JV No Longer Under Sanctions
Teekay LNG's liquefied natural gas (LNG) tanker venture, the Yamal LNG Joint Venture, is no longer subject to U.S. sanctions after a change of ownership at its partner…
Caterpillar Profit Dips; 2019 Outlook Cut
Caterpillar Inc reported a 13.5% fall in quarterly profit on Wednesday, hit by weak demand in its construction and resources units, and the company cut its 2019…
Searcher Completes Northern Basins Study
Searcher Seismic announced the expansion of its modern offshore data library with the completion of its Northern Basins Prospectivity Study in Papua New Guinea.The…
NKT Services TenneT Offshore Cable Joints
German-Dutch power grid operator TenneT has awarded the cable company NKT with a three-year service agreement contract covering the cable jointing part of a larger…
India to Drive LNG Capacity Growth in Asia
India is expected to drive capacity growth in Asia and Oceania’s liquefied natural gas (LNG) regasification industry from planned and announced (new-build) projects between 2019 and 2023…
Iran to Build 200 Cargo Ships in Domestic Yards
Iranian industry, mining and trade minister said Iran is planning to build 200 cargo ships inside the country with an investment of EUR 300 million to boost its…
QP Begins VLSFO Bunkering at Ras Laffan Port
State-owned oil company Qatar Petroleum announced the commencement of Very Low Sulfur Fuel Oil (VLSFO) bunker supply operations at Ras Laffan Industrial City (RLIC)…
