VARD Signs MOU with ASFAT
Vard Marine (VARD), a naval architecture and marine engineering company, announced that a memorandum of understanding (MoU) has been signed with Askeri Fabrika ve Tersane Ä°Ĺźletme A.Ĺž.
Northern Drilling Orders New Drillship at DSME
John Fredriksen's offshore drilling firm Northern Drilling has ordered another newbuild rig having exercised a previously held option for the Cobalt Explorer drillship…
Panama Canal Expansion Allows More NGL Transists
In June 2016, the Panama Canal Authority, the body that operates the Panama Canal, opened a third set of locks that facilitated transit of larger ships, the first…
VLCC Sector Resilient, Says Euronav
First quarter 2019 proved to be an unusual and largely resilient one for the large crude tanker sector, said Euronav NV, the largest NYSE listed independent crude…
LR Okays Hyundai LNG-Fuelled Tanker Design
South Korea's Hyundai Mipo Dockyard (HMD) has received approval in principle (AiP) from Lloyd's Register (LR) for an LNG-fuelled 50,000 dwt class MR tanker design.
Rotterdam Port Intros Rotterdam Food Hub
The Port of Rotterdam has announced the establishment of the Rotterdam Food Hub, strengthening its position as Western Europe’s biggest transit port for agricultural…
Tanker Market in Upward Journey: Ardmore
The MR (Medium Range Product Carrier) product and chemical tanker market continues its upward trend, with charter rates higher in the first quarter on the back of…
Teekay Gets Refinance for FPSO Fleet
The international midstream services provider to the offshore oil production industry Teekay Offshore Partners announced that it has secured a new $100 million…
Canada Accedes to Nairobi WRC
Hazardous shipwrecks can cause many problems. Depending on its location, a wreck may be a hazard to navigation, potentially endangering other vessels and their crews.International…
Propeller Club Names Cullather as EVP
The Board of Directors of the International Propeller Club of the United States has selected Mr. John M. Cullather as its new Executive Vice President.In the role of Executive Vice President, he will be responsible for the day-to-day operations of the International Propeller Club, will oversee all activities and functions of the International Propeller Club of the United States, and will serve as the primary liaison to the Club’s 70 port chapters worldwide.
Zier Joins Crowley Offshore Services
Crowley Maritime Corp. has appointed Jonathan Zier manager of business development in Houston.Zier will assist customers globally with marine transportation projects such as sealifts and beach-landings, as well as offshore and coastal towing and installation of rigs, spars and other structures. He will also be responsible for providing solutions for alternative energy projects such as liquefied natural gas (LNG) terminals…
Onboard Fuel Compatibility Testing is Growing
Parker Kittiwake is witnessing an increase in demand for onboard fuel compatibility testing.The trend reflects the urgency in the market as shipowners and operators take a more deliberate and proactive approach to mitigating the risks of potential marine fuel oil incompatibility and stability issues associated with the impending 2020 global sulphur cap regulation.With the majority of shipowners expected to opt for very low sulphur fuels of 0.5% or less to achieve compliance…
ARG Adapts Zinc-Free Engine Oil for Marine Use
Sea Ready Marine Petroleum Alliance American Refining Group (ARG) has made its zinc-free engine oil available for marine applications through an alliance with Sea Ready Marine Petroleum (SRMP). For decades ARG’s Zn Free lubricant has been used in locomotive engines in North America, protecting 25,000 of them through millions of hours of high-demand performance. ARG brings this U.S.-made alternative to marine transportation companies operating in the inland waterways…
Oil Shipments from Georgia's Batumi Port Drop
Oil and oil-related shipments from Georgia's Black Sea port of Batumi dropped 24 percent in the first four months of 2019 from a year earlier, an official at a KazMunaiGas…
Cancelled Ferry Contracts Renew Push for Grayling's Resignation
Britain's transport minister was under fresh pressure to resign after the government stacked up a 50 million pound ($65 million) loss for cancelling contracts to charter extra ferries to bring in essential supplies in the event of a no-deal Brexit.The decision to award the contracts has been a major political embarrassment after it emerged the government handed out a 14 million pound contract for extra…
Thygesen: Chairman of Maersk Supply Service
Henriette Thygesen has been appointed new Chairman of the Board of Directors of Maersk Supply Service as of 1 June 2019. Current Chairman of Maersk Supply Service and Vice CEO of A.P. Moller – Maersk Claus V. Hemmingsen will leave A.P. Moller – Maersk end June having concluded on the separation of the oil and oil related companies.Thygesen has been CEO of Svitzer since September 2016. She is a member of the A.P.
BIMCO: "Continued Pressure" for Bulkers
Demolition of dry bulk ships in the first four months of 2019 was 120% higher than in the same period of 2018. Much of this increase comes from demolitions of Capesize ships, up from 1.1m DWT between January and April 2018 to reach 3.4m DWT in the first four months of 2019.Despite the increasing in scrapping, the bulk carrier market, particularly on the large ship side, will remain under pressure for a number of reasons…
MacGregor Builds 1st Offshore Fiber Rope Crane
MacGregor, part of Cargotec, has completed the construction of FibreTrac, the first fibre-rope offshore crane to enter the market.The FibreTrac crane has a 150-tonne safe working load (SWL) capacity.
Teekay Sells Offshore Stake to Brookfield
The provider of international crude oil and gas marine transportation, Teekay Corporation announced an agreement to sell to Brookfield Business Partners all of…
Mercator Sells VLCC Nerissa
India's Mercator, which has diversified from being only a “Shipping” company to an “Energy focused conglomerate”, has clinched a deal to sell its last very large…
