MOL to Issue Sustainability Bonds
Japanese shipping company Mitsui O.S.K. Lines (MOL) has announced its plan to issue āSustainability Bondsā for the financing of a series of green projects.This isā¦
IMO Workshop in Thailand on Emission Cut
International Maritime Organization (IMO) said that reducing atmospheric pollution from ships and improving air quality is an integral part of its work. "This principleā¦
RTG Cranes Roll at Port of Indiana-Burns Harbor
![Photo: Ports Of Indiana-Burns Harbor](https://images.marinelink.com/images/maritime/w100h1500/photo-ports-of-indianaburns-harbor-101936.jpg)
For the first time in its nearly 50-year history, Port of Indiana-Burns Harbor welcomed general cargo vessel HC Melina carrying a unique shipment of two, large rubber-tire gantry (RTG) cranes destined for the CSX Intermodal Terminalsā facility in Chicago.Once the 68-piece shipment is fully assembled, the RTG cranes will have a span of eight containers wide and with a hoisting height of one over four containers high.
Cruise: Saga Newbuild Arrives at Home Port
![Photo credit: Chris Ison](https://images.marinelink.com/images/maritime/w100h1500/photo-credit-chris-ison-101927.jpg)
Kent-based Saga sails into its future, as the first of two new boutique cruise ships, Spirit of Discovery, arrived at her home port of Dover for the first time. Sailing past the iconic White Cliffs and into Doverās recently developed Western Docks, Spirit of Discoveryās British arrival marks the start of a new chapter for cruising in the UK. With HRH The Duchess of Cornwall as her āGodmotherā, Spiritā¦
Market in Focus: Offshore Services Vessels
![Ā© boscorelli/Adobe Stock](https://images.marinelink.com/images/maritime/w100h1500/boscorelliadobe-stock-101930.jpg)
Newbuild MarketUnsurprisingly, across the offshore sectors, newbuild orders have been scarce to none. Oversupply is still a major problem for the industry and due to slippage, ordering vessels now would be counterproductive. Why order brand new vessels from a yard and wait several years for these to be delivered, when you can purchase readily available cheap tonnage direct from the yards ready to go?Sourceā¦
Ship Design: Student Creations put to the Test
![Photo: MARIN](https://images.marinelink.com/images/maritime/w100h1500/photo-marin-101926.png)
Four winning school classes attended the prizegiving of the ādesign your ship for the futureā competition at MARIN (Netherlands Maritime Research Institute). The winning ship, with the shape of a sailfish, a retractable sail, a frictionless shark skin and a flexible moving tail was tested in one of MARINās model basins.This competition started last year when MARIN tested its 10,000th ship model.
Shipping Executives Indicted in the U.S.
![Ā© Chris Titze Imaging/Adobe Stock](https://images.marinelink.com/images/maritime/w100h1500/chris-titze-imagingadobe-stock-101928.jpeg)
An indictment of two Norwegian shipping executives was unsealed in the U.S. District Court in Baltimore, the Department of Justice announced.Ingar Skiaker and Øyvind Ervik have been charged with participating in a long-running conspiracy to allocate certain customers and routes, rig bids, and fix prices for the sale of international ocean shipments of roll-on, roll-off cargo to and from the United States and elsewhere, including the Port of Baltimore.
Shipbuilding: Cable Layer Delivered to Japan
![Photo: Colombo Dockyard PLC](https://images.marinelink.com/images/maritime/w100h1500/photo-colombo-dockyard-plc-101923.jpeg)
Colombo Dockyard PLC (CDPLC) delivered the first ever modern Cable Laying Vessel built for Kokusai Cable Ship Co. Ltd. (KCS) Japan, on June 21, 2019. This is the biggest vessel, both in terms of length and price, ever built by Colombo Dockyard in its history, and the first ever ship built āin its classā from Sri Lanka to Japan.This ship measures 113.1 x 21.5m with an 8.8 m depth, and with a maximum load laying draft of approx 7.1m has a deadweight carrying capacity of 5ā¦
Ballast Water Update: Weighing the Advent of VIDA
![Captain Sean T. Brady, Chief of the Coast Guardās Office of Operating and Environmental Standards (OES)](https://images.marinelink.com/images/maritime/w100h1500/captain-sean-t-brady-chief-101914.jpg)
The hard-fought passage of VIDA promises a simpler, more unified and logical set of environmental standards related to the discharge of myriad vessel streams. Industry wanted it, and now it is here. Will it deliver, and if so, when? That depends on who you talk to.As most commercial maritime operators know, US ballast water regulations made a sharp turn last December. Thatās when President Trump signedā¦
Singapore Suspends Inter-Pacific Petroleum's Bunker License
Singapore's Maritime Port Authority (MPA) has suspended the bunker craft operator licence of Inter-Pacific Petroleum Pte Ltd, the MPA said in a statement on Thursday.The MPA suspended the licenseā¦
US LNG plays havoc with Dutch Gas, Asian shipping
![Cheniere's Sabine Pass LNG facility (CREDIT Cheniere)](https://images.marinelink.com/images/maritime/w100h1500/chenieres-sabine-pass-lng-facility-101913.jpg)
Dutch gas prices hit 10-year lows this week, reflecting high European inventories swelled by liquefied natural gas (LNG) imports, testing levels at which companies that committed to buy U.S. LNG will start making serious losses.Prices for month-ahead Dutch gas have dropped by two-thirds since their peak last September of just under 30 euros per megawatt hour (MWh).On Friday, Dutch gas for July delivery slumped to 8.95 euros per MWhā¦
Coralius Completes 1st Bunkering in Rotterdam
Finnish integrated gas company Gasum said that its liquefied natural gas (LNG) bunker vessel, Coralius, made its first bunkering in the port and refining area of Rotterdamā¦
Danish Shippers to Install Scrubbers
Denmark-based shipping companies prefer to install exhaust gas purification systems, the so-called scrubbers, on their ships."The scrubbers clean the exhaust smokeā¦
U.S.-flag Cargo Movement on Great Lakes Up
U.S.-flag Great Lakes freighters (lakers) moved 10.6 million tons of cargo in May, an increase of 11.9 percent from last year. According to Lake Carriersā Associationā¦
Debra Searle to Speak at Shipping Week.
ShipMoney announced that Debra Searle has been engaged as its keynote speaker at London International Shipping Week as part of promoting the theme āEmpowering Womenā¦
Seaspan Delivers Canada's First OFSV
Seaspan Shipyards has delivered Canada's first new Offshore Fisheries Science Vessels (OFSV), the CCGS Sir John Franklin, to the Canadian Coast Guard (Coast Guard).Anā¦
Titan LNG Christens FlexFueler001
Netherlands-based service supplier of liquefied natural gas (LNG), Titan LNG has christened its liquefied natural gas bunkering barge, the FlexFueler001, in theā¦
India Intros Maritime Technology Center
Indian Ministry of shipping has signed a memorandum of agreement (MoA) with IIT Kharagpur on Wednesday for setting up a Centre for Inland and Coastal Maritime Technologyā¦
Hyundai Signs MoUs with Saudi Aramco
As part of its long-term downstream growth and diversification strategy, the Saudi Arabian national petroleum and natural gas giant Saudi Aramco signed an agreementā¦
Bahri Orders First VLCCs from IMI
Bahri, the world's largest owner and operator of very large crude carriers, has signed a Memorandum of Understanding (MoU) to build its first very large crude carrierā¦