Belships Buys Supramax Bulk Carrier
Nowegean bulk ship operator Belships has agreed to acquire the 55,866 dwt bulk carrier M/V SEPHORA from Prospero Marine Ltd, a company controlled by Greek shipowner…
Port of Baku Pact with European Logistics Hub
The leading companies operating in the city of Venlo in the Dutch province of Limburg, which is one of the largest logistics and transport hubs in Europe, have started…
SC Ports to Use Tideworks Solutions
The provider of comprehensive terminal operating system (TOS) solutions, Tideworks Technology announced that South Carolina Ports Authority (SCPA) has successfully…
Port of Brownsville Connector Cleared
The South Port Connector Road Project received environmental clearance from the Texas Department of Transportation (TxDOT) Pharr District Office, advancing the project…
Keel Laying for Ohana Class Containerships
The ceremonial keel laying for M/V George III and the cutting of the first steel plates for M/V Janet Marie - two Liquefied Natural Gas (LNG) fueled containerships was held t at Brownsville…
Diesel Traders: Shortage is Coming
Gasoil traders expect the middle distillates market to stay well supplied until almost the end of 2019 before swinging into deficit with the introduction of new maritime fuel regulations.Calendar spreads for low-sulphur gasoil delivered to Europe's Amsterdam-Rotterdam-Antwerp hub are currently in contango through until October before shifting to backwardation from November onwards.In futures markets…
Höegh Autoliners Readies for IMO 2020
Norwegian shipping company Höegh Autoliners AS is now preparing its fleet for the change in fuel, having chosen Very Low Sulphur Fuel Oil (VLSFO) and Low Sulphur…
Italian Terminal Orders Kalmar Straddle Carriers
Medcenter Container Terminal SpA (MCT), which operates a major transshipment hub for the Mediterranean region, has placed an order for 32 diesel-electric straddle carriers.
ZEABORN Completes Acquisition of ZEAMARINE
Watson Farley & Williams advised Bremen-based ZEABORN Group on its acquisition of all outstanding shares in its joint venture ZEAMARINE from partner New Mountain Capital…
OOIL Sells Long Beach Terminal for $1.8bln
Hong Kong-based Orient Overseas International Ltd. (OOIL) said that it will sell Long Beach Container Terminal (LBCT) to a consortium led by Australia’s Macquarie Group for $1.78 billion.OOIL…
China, Denmark Annual Dialogue on Maritime
The Danish Maritime Authority and the Chinese Ministry of Transport met for a maritime dialogue meeting in Guangzhou, China, on April 29-30.Since 2010, the Danish…
GSL Signs Charter Deal with Zim
The containership charter owner Global Ship Lease (GSL) has agreed minimum 21-month / maximum 24-month charters with ZIM Integrated Shipping Services for the 2000-built…
Global Boatworks Closes on Sale of Luxuria
The builder of luxury floating vessels Global Boatworks Holdings announced that it has completed the sale of the Luxuria, the second sale of one of its luxury floating…
Trump to Meet with GOP Senators on Jones Act
President Donald Trump is set to meet with Republican senators on Wednesday over a proposal to waive rules that only U.S.-flagged ships can move natural gas from American ports to Puerto Rico and the U.S. Northeast.The nearly 100-year-old Jones Act mandates the use of U.S.-flagged vessels to transport merchandise between U.S. coasts. Bloomberg News reported last week the administration was seriously…
ABS Unveils 'Smart Guide'
A new guide published by ABS aims support the development of smart functions and condition-based approach to optimized performance that will help marine and offshore owners and operators capitalize on their operational data.Through the analytics that they provide, smart functions can proactively manage asset health and performance, providing a mechanism for sustainability and improved uptime. Smart…
e-Navigation Passage Planning transformation
Passage planning. Two words sure to elicit a groan from any navigator anywhere in the world. The vital, yet incredibly frustrating, process of developing a complete description of a vessel's voyage from start to finish, berth to berth, is an administrative burden.On average, each vessel, for each journey, uses 3.5 hours of officer time to collate a plan – manually adding elements such as ENC cells…
Efficient Wave-Generated Power … Really!
Wave-generated power could be considered the Rodney Dangerfield of offshore renewable energy sources; it gets no respect. There have been a number of high-profile, expensive failures that have conspired to give the sector a poor reputation despite a number of engineering advances. A new entrant is SurfWEC offering a patented “surf-making” Wave Energy Converter which has been in development since 2007. Its developers promise it will stand out from the field and perform where others have failed.
Trump, Dems to spend $2 trillion on Infrastructure
U.S. President Donald Trump agreed with Democratic leaders on Tuesday to spend $2 trillion on roads, bridges, water, broadband and power grids, Senate Democratic Leader Chuck Schumer said on Tuesday after a White House meeting.Trump and Democratic leaders are slated to meet again in three weeks to discuss how the "big and bold" plan - which would need the approval of Congress - would be paid for, Schumer told reporters outside the White House.Reporting by Roberta Rampton
Zeaborn Acquires CPO Tankers
Zeaborn Group has signed an agreement to acquire 100 percent of the shares in Claus-Peter Offen Tankschiffreederei KG, the tanker management subsidiary of Offen Group.The transaction partners signed the relevant contracts on April 29. The completion of the transaction is subject to antitrust clearance. The parties have agreed to keep the key financial data confidential.With the takeover of CPO Tankers…
USCG VADM Fagan Weighs in on Arctic Plans
The U.S. Coast Guard’s Pacific Area commander discussed the service’s new Arctic Strategic Outlook, Polar Security Cutters and innovation efforts to improve maritime domain awareness in the high latitudes April 26, 2019, during the Arctic Encounter Symposium in Seattle.During her keynote speech at the symposium, Vice Adm. Linda Fagan said, “The tyranny of distance and the harsh Arctic climate pose…
