Monjasa Expands to Angola
Danish bunker company Monjasa announced the opening of its first office in Luanda, Angola, to support the West Africa oil and shipping activities.Monjasa started…
Fincantieri: Vard Shipyard is Losing Money
Italian shipbuilder Fincantieri has posted higher earnings in the first nine months, but said the result was hit by losses at its Vard unit. Revenues increased by 9.7% at euro 4…
50 years of LNG imports in Japan
Japanese gas buyers marked the 50th anniversary since the first cargo of liquefied natural gas arrived in Japan, now the world’s biggest importer of the fuel.On November 4th…
Small Scale LNG Market to Grow by 6.81%
Global small-scale LNG market is expected to rise from its initial estimated value of USD 29.31 billion in 2018 to an estimated value of USD 49.66 billion by 2026…
S&P Upgrades GSL Ratings
Global Ship Lease (GSL), a leading independent owner of containerships with a diversified fleet of mid-sized and smaller containerships, said that S&P Global Ratings…
IMO Workshop on Protecting Seas in Africa
Designating an International Maritime Organization (IMO) Particularly Sensitive Sea Area (PSSA) is a recognition that the identified area may be vulnerable to potential…
MOL Conducts LNG Bunkering at Nagoya Port
Japanese utility Toho Gas and shipping company Mitsui OSK Lines (MOL) carried out a demonstration test to supply liquified natural gas (LNG) to the to the tugboat…
HII Authenticates Keel of Jack H. Lucas
America’s largest military shipbuilding company Huntington Ingalls Industries (HII) said that its Ingalls Shipbuilding division authenticated the keel of the Arleigh…
TeleSense Debuts Advanced Grain Monitoring System
Purpose-Built for New Grain Storage Challenges Brought on by Climate Change and Geopolitical Tensions, the Cellular SensorSpear Monitors and Protects Post-Harvest Grain.TeleSense, a post-harvest grain monitoring innovator, today announced the general availability of its Cellular SensorSpear™ to give grain managers and barge operators an easy and reliable way to accurately monitor stored grain, ensuring grain quality while reducing spoilage and safety concerns.
IMO2020: Market Uncertainty Brings More Fuel Oil Price Volatility
The oil market has recently been shaken up by geopolitical events, but volatility in the price difference between low and high sulphur fuel cannot be explained by that alone – the uncertainty is the chaos factor.The uncertainty of the upcoming IMO 2020 Sulphur cap regulation (IMO2020) is having a big impact on the bunker market. Whereas, the price for Marine Gas Oil Low Sulphur (MGO LS) has largely remained stable…
Namdock wins Angolan Navy Maintenance Contract
In September 2019, in a milestone agreement, Namdock concluded a contract to maintain and repair the vessels of the Marinha de Guerra Angolana (MGA), the Angolan Navy.According to Namdock’s Commercial and Operations Manager, Willie Esterhuyse, although the contract has been concluded, the exact date when the vessels will be arriving in Walvis Bay has not been finalized, it is anticipated that this will be early in 2020.In terms of this agreement…
HGG Partners With PypeServer Software
HGG recently announced a partnership with PypeServer, providing full compatibility with HGG's 3D pipe profiling machines. Starting in 2020, PypeServer's Enterprise software will be available as an option for HGG's affordable PC600 and PC900 3D pipe-profiling systems alongside HGG’s proven ProCAM software.“HGG Profiling Equipment is an established and well-known name in the world of 3D Pipe Cutting.
Shell Signs Inks Deal with CCCC Dredging
Shell Marine has signed a framework agreement with CCCC Dredging (Group) Co. Ltd of China to supply marine lubricants and provide technical services across the Chinese company’s fleet. The strategic cooperation, formalized today at a signing ceremony demonstrates Shell Marine’s ability to provide a comprehensive all-in-one service, reliably supplying lubricants and technical services around the clock…
New ICS, OCIMF Guidelines for Polar Safety
Maritime trade between Arctic destinations and the rest of the world is expected to expand and an increasing number of ships are now undertaking voyages in polar waters. Technical developments in ship design and equipment continue to facilitate more and more ship operations in remote polar areas, despite challenging and unpredictable sea and weather conditions.The International Code for Ships Operating in Polar Waters (Polar Code)…
WAGO Updates Marine Filter Modules
WAGO has updated its filter modules to include built-in ground fault diagnostics. The 750-624/020-002 and 750-626/020-002 are able to monitor both the +24 VDC and 0 VDC supply connections for impedance to ground.The filter modules are perfect for marine applications. Engineers will design in a ground fault test device to detect error resistance to Earth in marine applications. The built-in ground fault…
Wärtsilä’s Single-Source Capability Key to New Order
The technology group Wärtsilä’s industry-leading portfolio of products, systems and integrated solutions, which allows the company to be a single-source provider for shipbuilding projects, has resulted in a major order.Two new RoPax ferries being built at the Guangzhou Shipyard International (GSI) yard in China will feature a comprehensive package of Wärtsilä solutions. The order with Wärtsilä was placed in October 2019…
Baltic Index Down for 9th Session in a Row
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell for a ninth straight session on Friday, on weaker…
Cargo Ship Runs Aground in Florida
A 203-foot cargo vessel has run hard aground north of Fishers Island, Fla. on Thursday, the US Coast Guard said.The Coast Guard said it is responding to the indecent after its Sector Miami watchstanders received a notification at approximately 5 p.m., stating the Panamanian-flagged cargo vessel, Betty K VI, ran hard aground after losing propulsion north of Fishers Island. The watchstanders issued a safety marine information broadcast.There were no reported injuries…
U.S. Scoops up Overseas Fuel Oil in pre-IMO Push
The United States is taking advantage of record-low prices of one of the world's dirtiest fuels by buying record volumes, which it intends to upgrade into cleaner products before new shipping rules take effect, trading and analyst sources say.U.S. trade sources said it recently had become economical to ship fuel oil from countries such as Russia, boosting imports of the product into the United States.This comes even as prices for high-sulphur fuel oil (HSFO) on the U.S.
First Commercial Cargo Loaded from Tango FLNG
Argentine oil company YPF SA has loaded its first commercial liquefied natural gas (LNG) cargo for export from a new floating facility, trade sources said on Friday.Argentina's export joins a wave of new supply flooding the spot market which has depressed Asian spot prices to their lowest in a decade for this time of the year.The state-owned firm issued a tender which closed on Nov. 6 to sell 2.1 trillion British thermal unit (Tbtu) of LNG for loading from FLNG Tango…
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