Vantage Drilling Sinks Into the Red
Texas-based offshore drilling contractor Vantage Drilling International reported a net loss of $52.2 million for the three months ended December 31, 2018 as compared…
Dry Bulk Fleet Growth Stable
Global dry bulk net fleet growth in 2018 was largely unchanged at 2.9% year on year due to reduced newbuilding deliveries and much reduced scrapping because of the improved freight market, said a repo
Shipping Software Market to Reach USD1.9Bln by 2024
The global Shipping Software market is valued at 1160 million in 2018 and is expected to reach 1880 million by the end of 2024, growing at a CAGR of 8.3% between…
OPIS, GLX Roll-out LNG Trading Indices
IHS Markit has announced that its energy price-reporting arm, Oil Price Information Service (OPIS), has signed a strategic agreement for an end-to-end LNG trading solution with GLX…
IRClass Wins SCI Contract for 33 Vessels
The ship classification society, Indian Register of Shipping (IRClass) has secured a five-year contract from India’s largest shipping company, The Shipping Corporation…
Denmark ShippingLab for Smart Shipping
A new Danish maritime research, development and innovation partnership has been established under the name of ShippingLab.Danish shipping company J. Lauritzen together with Maersk Tankers…
IJmuiden Preps for No-deal Brexit
To keep traffic flowing around the ferry terminal in IJmuiden Seaport, Netherlands, in the event of a no-deal Brexit, preparations are underway for a temporary lorry…
UK's Shoreham Welcomes Home Registered Vessel
Shoreham Port UK, claimed to be UK's number 1 scallop port, welcome home registered fishing vessel ‘Flowing Stream’ following a significant refit that began in the…
Norden Expands into West Africa
Danish shipping giant Norden is opening an office in Abidjan, Ivory Coast, as part of the Company’s continued global expansion.The office will generate new business…
ICTSI Net Income Up 22% in 2018
Manila-head quartered port and terminal operator International Container Terminal Services (ICTSI) has released solid results for 2018. ICTSI’s box volumes were higher…
Teekay Changes Board of Directors
The marine energy transportation company Teekay Corporation and its associate company Teekay Tankers have announced changes to its Board of Directors.Teekay Corporation said that C.
TEN Charters for Two LNG Vessels
Greek shipping company Tsakos Energy Navigation (TEN) announced new charters for two LNG carriers, the Neo Energy and the Maria Energy to significant international…
Maritime Security Meet in Asia
Emerging maritime challenges were at the forefront of discussions at the 11th ASEAN Regional Forum (ARF) Inter-Sessional Meeting (ISM) on Maritime Security in Da Nang…
McQuilling ends tanker contracts with PDVSA
A second maritime firm has told Venezuela's state-run oil firm Petroleos de Venezuela it would end all charter contracts with the company as a result of U.S. sanctions, according to an internal document and a person familiar with the matter.U.S.-based McQuilling Partners Inc, which provided PDVSA with four contract tankers, joined German tanker operator Bernhard Schulte Shipmanagement (BSM) in withdrawing…
Kirby Closes Cenac Fleet Acquisition
Kirby Corporation announced the completion of the acquisition of the marine transportation fleet of Cenac Marine Services, LLC, an operator of tank barges and towboats participating in the inland tank barge transportation industry in the United States. The total value of the transaction was approximately $244 million and was financed with additional borrowings. Cenac’s fleet consists of 63 30,000-barrel inland tank barges with approximately 1.9 million barrels of capacity…
Wärtsilä Tests Remote Service Capabilities
The technology group Wärtsilä has successfully tested its remote guidance service, thereby creating an entirely new dimension in vessel repair and maintenance operations. Through real-time communication using voice-controlled Augmented Reality (AR) wearables and remote guidance software, ship crew members, field service engineers and shipyard personnel can communicate with shore-based experts anywhere in the world.
DNV GL Nod for Carver's GH Pump Line
Carver Pump, a manufacturer of American-made pumps, has obtained DNV GL certification for their line of GH end-suction centrifugal pumps.DNV GL (Det Norske Veritas and Germanischer Lloyd) is a global quality assurance and risk management company that provides classification, technical assurance, and certification to the maritime, oil & gas, power and renewables industries. This certification verifies that the GH line from Carver Pump can be used reliably in marine vessels…
New CTVs Delivered for Hornsea Wind Farm
A pair of 39-meter multipurpose crew transfer vessels have been built by PT Bintang Timur Samudera in Indonesia and delivered to MH-O & Co to be operated for Orsted in its Hornsea Project One wind farm offshore England.According to designer Incat Crowther, the new vessels MHO Gurli and MHO Esbjerg are the largest wind farm support vessels to enter service to date anywhere in the world. They draw on…
CMA CGM Forms Venture with MACCFA
France's CMA CGM has signed a letter of intent to form a joint venture with Ethiopian company MACCFA, as well as a letter of intent with ESLSE to manage Ethiopia's Modjo port…
First Commercial Drone Ship Delivery
Launching this week in partnership with Airbus, Wilhelmsen’s shore-to-ship Singapore pilot project, marks the first deployment of drone technology in real-time port conditions, delivering a variety of small, time-critical items to working vessels at anchorage.Lifting off from Marina South Pier in Singapore with 3D printed consumables from Wilhelmsen’s onshore 3D printing micro-factory, the Airbus Skyways…
