SCHOTTEL Wins Deal for Three Hybrid Ferries
SCHOTTEL secured a contract to provide propulsion units for three newly built hybrid ferries under construction at Sembcorp Marine, Singapore. Each of the double ended RoPax ferries will be equipped with two SCHOTTEL EcoPellers type SRE 340 FP. The vessels will be driven by an battery/diesel electric hybrid system and will be operated during their transits by green battery power. The main propulsion…
Seized Stena Bulk Tanker Could be Released Soon
Sweden has received "very strong indications" that a British oil tanker seized last month by Iran in the Strait of Hormuz is to be released soon, Swedish public…
Expedition Cruise Market Powers Ahead
While nothing lasts forever, the cruise industry – and particularly the ‘expedition’ cruise sector – remain on a historic run with no indication of a near-term slowdown.The leisure travel sector, of which expedition cruising is a part, offers numerous possibilities for delivering new “experiences” unlike industrial shipping businesses (or even conventional ferry and passenger transport), which can…
MTR100: Five "Ones to Watch"
For Marine Technology Reporter's (MTR) 14th Annual "MTR100" - a look at 100 innovators and technologies in the subsea space - MTR editor-at-large Elaine Maslin reports on five companies and technologies that are worth the watch for the remainder of 2019 and beyond. For the full edition, see https://magazines.marinelink.com/nwm/MarineTechnology/201907/Blue Logic: Entering a new eraCompletely new modes…
Iranian Tanker Wanted by US not Heading to Greece
An Iranian tanker which the United States wants seized is not heading towards Greece as it sails through the Mediterranean, Greek Prime Minister Kyrikos Mitsotakis…
Baltic Index at 4-week Peak on Broad Support
The Baltic Exchange's main sea freight index rose to its highest in more than four weeks on Thursday, lifted by strong demand across all vessel segments.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, gained 57 points, or 2.8%, to 2,118, its highest in a month.The capesize index jumped 158 points, or 4.3%, to 3,829, its highest since July 23. Average daily earnings for capesizes…
NorthStar Midstream Forms LNG Marine Transport Firm
NorthStar Midstream, a portfolio company of funds managed by Oaktree Capital Management, L.P., has announced the formation of Polaris New Energy (“PNE”), a marine transportation company focused on the transportation and distribution of liquefied natural gas (LNG) along the coastal and inland waterways of the United States.NorthStar has executed an agreement with Fincantieri Bay Shipbuilding to build a 5…
Norway Mulls U.S. Gulf Naval Mission Proposal
Norway's foreign minister said on Thursday it was deliberating how to respond to a U.S proposal on forming an international mission to safeguard shipping in the…
APC Announces Retirement of Harrington
Advanced Polymer Coatings (APC) has announced the retirement of Joseph F. Harrington after 25 years with Advanced Polymer Coatings. In 1994 he was approached by Don Keehan, Chairman of Advanced Polymer Coatings, to further develop the Marine Coatings industry with APC’s MarineLINE high-performance coating. Today MarineLINE is the industry leader in high performance coatings for the chemical tanker industry.APC President David Keehan says…
CADMATIC Acquires Kymdata, CADS Software
CADMATIC has acquired Finnish software company Kymdata Ltd. including the entire share capital as well as IPRs to all Kymdata’s CADS software and its business agreements. The acquisition increases CADMATIC’s estimated turnover to EUR 28 million. With the addition of Kymdata’s 43 employees, CADMATIC will employ over 200 people.Kymdata's CADS Electric software is a leader in electrical and automation design in Finland and Estonia. The CADS product family also includes software modules e.g.
Triton Knoll Selects Seacat for OESV
Offshore energy support vessel (OESV) operator Seacat Services signed a deal to support the construction phase of Triton Knoll offshore wind farm.The contract, which includes options for further vessel charters, will initially see two Seacat Services OESVs – one 26-meter and one 24-meter catamaran – operating out of Triton Knoll’s new Grimsby construction base, providing specialist crew transfer and logistical support at the 90-turbine…
Damen Wins UX Design Award
Damen Shipyards Group won an award for the Human Machine Interface that it has been developing over the past two years for its Next Generation Tug Series. The UX Design Awards are intended to honor innovative solutions that add value to applications, technologies and services through positive experiences, thereby strengthening people's abilities, enabling novel applications and facilitating access…
Portable Emission Analyzer Certified for Marine
A portable analyzer designed for monitoring emissions from ships is now available for sale or rent from Ashtead Technology. “With increasing global efforts to limit ship emissions, and with new regulations to reduce sulphur dioxide emissions coming into force on January 1, 2020, the addition of the Testo 350 MARITIME instrument is perfectly timed,” says Ashtead’s Environmental Sales Manager, Josh Thomas.The…
Privinvest’s Deliveries to Mozambique: A Model for Africa
Media reports about Mozambique’s failure to launch a fishing and security fleet and its subsequent $2 billion debt default seem destined to torpedo, or at least set back similar efforts to build needed coastal security and national fishing fleets across Africa. That must not happen.The systems and equipment Mozambique bought a few years ago from shipbuilder Privinvest could serve as a template for…
Iranian Tanker Not Heading to Greece
An Iranian tanker which the United States wants seized is not heading towards Greece as it sails through the Mediterranean, Greek Prime Minister Kyrikos Mitsotakis…
Croatia Gives State Guarantee to Keep Shipyard Afloat
The Croatian government said on Thursday it would guarantee loans of up to 150 million kuna ($23 million) to keep one of the country's biggest shipyards afloat and give it time to find a strategic long-term partner.The 3.Maj shipyard in the northern Adriatic port of Rijeka is owned by Croatia's biggest shipbuilding group Uljanik whose other shipyard in the port of Pula has already been placed into bankruptcy procedure.Under EU state aid rules…
'Green' Focus for Citigroup's Shipping Finance Chair
Citigroup's veteran shipping finance banker Michael Parker is to become chairman of the bank's shipping & logistics business, a role which will include bolstering the lender's environmental focus in the sector, Citi said on Thursday.In June, Citi was among a group of leading banks who signed up to environmental commitments known as the "Poseidon Principles."These will for the first time integrate efforts to cut CO2 emissions into banks' decision making when providing loans to shipping companies.
MHI Vestas Bags Taiwan Switchgear Deal
Wind turbine manufacturer MHI Vestas Offshore Wind has signed its third contract in Taiwan for local production as it prepares to execute 900 MW of offshore wind…
US Shale Operators Achieves Positive Cash Flow
In a remarkable turnaround, the second quarter of 2019 is the first three-month period on record when US shale operators achieved positive cash flow from operations…
Topaz Revenue Climbs
Revenue of Topaz Energy and Marine of the United Arab Emirates (UAE) for the six-month period of 2019 was $235 million, an increase of 56% compared to H1 2018.Dubai…
