Frontline buys 10 Tankers from Trafigura
Frontline will buy 10 Suezmax oil tankers from Trafigura in a cash and share deal worth up to $675 million, and may buy a further four vessels later, the two companies announced on Friday.The deal wil
30 Missing after Indonesian Ferry Catches Fire
Indonesian rescuers searched on Friday for 30 people missing from the blazing wreckage of a ferry off the coast of Java island.The KM Santika Nusantara was traveling…
China Unveils Retaliatory Tariffs as Dispute Escalates
China unveiled on Friday retaliatory tariffs against about $75 billion worth of U.S. goods, putting an additional 10% on top of existing rates in the latest tit-for-tat exchange in a protracted dispute between the world's top two economies.The latest salvo from China comes after the United States unveiled tariffs on an additional $300 billion worth of Chinese goods, including consumer electronics, scheduled to go into effect in two stages on Sept. 1 and Dec.
GRS in South Korea Collaboration
German shipping service company Global Renewables Shipbrokers (GRS) has announced the start of a strategic partnership with South Korean wind project development…
Scandinavia's Largest Offshore Wind Farm Opens
European energy giant Vattenfall opened Scandinavia’s largest offshore wind farm, Horns Rev 3.The 49 wind turbines on the Horns Rev 3 also represent Vattenfall’s…
GoM Lease Fetches $159mln in High Bids
Gulf of Mexico (GoM) Lease Sale 253 in New Orleans generated over $159 million in high bids for 151 tracts covering 835,000 acres in federal waters.Twenty-seven…
GriegMaas Welcomes Star Damon to Fleet
GriegMaas - a joint venture of Norwegean shipping company Grieg Star with investment management firm Maas Capital - has expanded its fleet with the Ultramax vessel…
Futuristic Training Ship to be Built in Britain
Ambitious plans are being launched for a $184 million training and disaster relief ship with cutting-edge British technology.Britannia Maritime Aid (BMA), a registered charity…
Joe Toomy Rejoins Port NOLA
The former chairman of the Port of New Orleans Board of Commissioners Joe Toomy is rejoining the group.Gov. John Bel Edwards reappointed Joseph F. Toomy to the Board…
BP Orders BOS 2600 Offshore Crane
Ship cranes manufacturer Liebherr-MCCtec Rostock GmbH together with China's Yantai CIMC Raffles Shipyard signed a contract concerning the delivery of a board offshore crane…
China Develops 10MW Offshore Wind Turbine
China’s Dongfang Electric Corp. (DEC) has unveiled what it claims will be the country’s first 10MW offshore wind turbine after successfully developing a direct…
Chart Gets Order for Calcasieu Pass LNG
U.S. LNG equipment maker Chart Industries has received full notice to proceed (FNTP) regarding its production of cold boxes and brazed aluminium heat exchangers…
Survitec, MRT Collaborate on Constant Wear Lifejacket
Two safety equipment specialists - Survitec and Marine Rescue Technologies (MRT) - have created a lifejacket that accommodates and complements a range of MRT personal…
GC Rieber Shipping Fleet Utilisation Hits 100%
Norwegian shipping company GC Rieber Shipping ASA had a fleet utilization of 100% in the second quarter of 2019.The operator of offshore subsea support vessels,…
Azerbaijan Launches Feeder Service in Black Sea
The Azerbaijan Caspian Shipping Company (ASCO) will launch a test voyage of a feeder vessel along the Black Sea container route Batumi-Constanta by September 20.The…
FLNG Market to Touch $17.5Bln by 2026
The global floating liquefied natural gas (FLNG) market is estimated to grow at CAGR above 5.2% over the forecast time frame 2019 to 2026 and reach the market value…
SMD on Digitalisation in the Maritime Industry
300 students from Institute of Technical Education, junior colleges, polytechnics, and universities participated in the 6th edition of the Singapore Maritime Dialogue (SMD)…
APAC Marine Coatings Market to Hit $12Bln in 2024
The marine coatings market demand by 2024 will rise exponentially driven by rapid surge in trade activities worldwide has led to increase demand from the shipbuilding…
StealthGas Adds Vessels, Wins Charters
StealthGas Inc, the world's largest owner of liquefied petroleum gas (LPG) pressurized carriers in the strategic 3,000-8,000cbm segment, has expanding its fleet with two acquisitions.
Waterford’s Tugboat Roundup Celebrates 20 Years
A modest event designed as a get-together for commercial workboat operators in upstate New York is now celebrating 20 years as a three-day community festival.On September 11, 1999, local resident John Callaghan had an idea to bring in some friends who ran tugs on the Hudson River and NYS Canal System for a quick one-day get together, right at the entrance to the famed Erie Canal. Callaghan, then a tug captain himself for the state canal system…
