Iran's Oil Tanker Fleet Being Squeezed as Sanctions Bite
Iran is running short of options to replace its ageing fleet of tankers and keep oil exports flowing because renewed U.S. sanctions are making potential sellers and flag registries wary of doing business with Tehran, Western and Iranian sources said.Since U.S. President Donald Trump reimposed sanctions in November, exploratory talks with South Korea for up to 10 new supertankers have stalled and Panama…
Norway Watchdog Turns Spotlight on Shipbreaking
The ethics watchdog for Norway's $1-trillion wealth fund will focus this year on shipbreaking on India's beaches, which endangers workers and pollutes the sea and sand.The world's largest sovereign wealth fund, created from the proceeds of Norway's oil industry, operates under ethical guidelines set by parliament.The fund's Council of Ethics checks that companies the fund invests in meet these ethical standards.
Ports of Indiana: Big Successes, with Big Projects in the Wings
For Indiana’s state-established, but autonomous Ports of Indiana, 2018 was a record setting year, both for system-wide numbers and among the three individual Ports. These consist of Burns Harbor, on Lake Erie; Jeffersonville, on the Ohio, across from Louisville, KY; and Mount Vernon, also on the Ohio River, about 140 miles downriver from Jeffersonville.Not only were actual numbers robust, but Port officials reported “unprecedented tonnage increases” within the three-port system.
NAVY: New Class of Ship Named Navajo
Gulf Island Shipyards was awarded a $63.5 million contract for the detail design and construction of the new Towing, Salvage and Rescue Ship which will be based on existing commercial towing offshore vessel designs and will replace the current T-ATF 166 and T-ARS 50 class ships in service with the US Military Sealift Command.Secretary of the Navy Richard V. Spencer has announced the new class of Towing…
Six Rescued From French FV
Six crew from a fishing vessel in distress have been airlifted from their disabled vessel off Lands End in atrocious weather conditions over night. HM Coastguard was alerted at around 10 p.m.
Explorer Profile: Sven Lindblad
Profiled in the March 2019 cruise edition of Maritime Reporter & Engineering News is Sven Lindblad, intrepid explorer and wildlife photographer Sven Lindblad blazed the trail for environmentally sensitive travelers to Antarctica on Lindblad Expedition’s fleet of cruise ships with National Geographic.You can tell a lot about a man by whom his heroes are, whether famous athletes, virtuoso musicians, brave warriors or movie stars.
Boskalis Wins $45M Channel Widening Deal
Royal Boskalis Westminster N.V. (Boskalis) won a contract for the widening of the Port Adelaide Outer Harbor shipping channel in Australia. The project was awarded…
BP, ExxonMobil in Alaska LNG Deal
Alaska Gasline Development Corp (AGDC) has signed an agreement with BP and Exxon Mobil to help advance the state-owned company's proposed $43.4 billion Alaska liquefied…
AAL Delivers Chinese Modules in Texas
Breakbulk and project heavy lift specialist AAL Shipping has shipped 22 petrochemical plant modules from Wison Heavy Industry’s facilities in China for the an ethylene…
LNG Majors Okay MHPS Gas Turbine
The engineering and manufacturing giant Mitsubishi Heavy Industries Group (MHI Group) said it has completed successive technical qualification, conducted by oil…
UECC Orders Four New Car Carriers
United European Car Carriers (UECC) has signed a contract to construct two new generation pure car/truck carriers (PCTCs) with China Ship Building Trading Co., Ltd and Jiangnan Shipyard Group Co.
Boluda Corporación Goes to N. Europe
Shipping services provider Boluda Corporación Marítima has signed a letter of intent to acquire all the shares, worth 300 million euros, of Kotug Smit Towage.The…
Waterways Council Reacts to Budget Numbers
Waterways Council, Inc. (WCI) reacted to the Trump Administration’s release of an outline of its top-line FY20 budget numbers yesterday. Today, the Corps of Engineers released its account and project-specific funding levels.For the U.S. Army Corps of Engineers’ Civil Works program, the FY20 budget proposes $4.827 billion, a 31% cut from the FY19 appropriated amount of $7.0 billion.Inland Waterways Trust Fund (IWTF) proposed funding in FY20 is $55.5 million…
SunStone's Greg Mortimer Launched in China
The launching ceremony of the ‘Greg Mortimer’, the first polar expedition cruise vessel in SunStone Ships’ INFINITY series, was held in the morning of 12 March at the CMHI yard…
SMS Group Wins Vessel Refit
UK-based ship repairers and marine engineering services provider SMS Group has secured two very important contracts with Trinity House."The culmination of many months…
Partners Group invests in Greenlink
Private markets investor Partners Group has provided equity financing for the 500-MW Greenlink interconnector, the subsea connection between Wales and Ireland in…
GSI Delivers VLOC to Berge Bulk
Singapore-based vessel owner and operator Berge Bulk has received the 300,000 DWT bulk carrier Berge Logan, which was built at China’s Guangzhou Shipyard International…
India Box Trade Grew 6% in Q4 2018: Maersk
India’s containerised trade with the world has grown steadily, recording an overall import-export trade growth of 6% according to the Q4 2018 trade report released by Maersk…
NYK Intros New System for Vessel Berthing
Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK) and NYK Group companies MTI Co. Ltd. and Japan Marine Science Inc. (JMS) have developed a system (patent…
Monjasa Opens Vietnam Office
The Danish bunker company Monjasa has expanded its Asian operations with the opening of an office in Hồ Chí Minh City.Following 11 years of presence in Singapore…
