Performance Shipping Buys a Tanker
Greece-based global provider of shipping transportation services through its ownership of vessels has agreed to acquire a 2007-built aframax tanker for US$26.0 million.The…
Cargill Extends Diana Shipping Charter
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Cargill International S.A.…
Flex LNG Swings to Profit, Adds to Fleet
Norwegian LNG carrier owner Flex LNG posted a net income of USD 0.5 million for the third quarter of this year, compared to a net loss of $3.9 million for the second…
Boskalis Wins Contracts for $120Mln
Royal Boskalis Westminster N.V. has secured multiple heavy marine transport services contracts with a combined value of about $120 million.The execution of the majority…
ZIM Back into Black
Israeli international cargo shipping company ZIM Integrated Shipping Services continued to record improvements and to expand its global network to its customers…
Madagascar Mulls Maritime Policy
Madagascar is the latest country to benefit from International Maritime Organization (IMO)’s work promoting good maritime governance to support sustainable development.A…
IMO Supports Women in Port Management
What do successful, well-run ports and female empowerment have in common? Both can make a significant contribution to sustainable economic development.International…
India to Enact Recycling of Ships Bill
The Union Cabinet of India approved the proposal for enacting Recycling of Ships Bill, 2019 and accession to the Hong Kong International Convention for Safe and…
HHI Power System Maximzes Ship Efficiency
Hyundai Heavy Industries (HHI) Group is to maximize the ship efficiency for Very Large Container Ships (VLCSs) with its latest technology to simplify the power system.HHI and Korea Shipbuilding & Offshore Engineering (KSOE) announced that Norwegian-German classification society DNV-GL recently awarded an Approval in Principle (AIP) for the South Korean shipbuilder’s multi-grid design of the power system for 15…
MAN Launches 800 hp Light-Duty Workboat Engine
The MAN D2676 LE426 will be available in the USA, Canada, and Mexico. It fulfils the latest US EPA Tier 3 Commercial standard and comes with keel cooling.MAN Engines is expanding its range of engines for light-duty workboats in North America by introducing an 800 hp (588 kW) inline-six engine. The D2676 LE426 will be available from the second quarter of 2020. It satisfies the EPA Commercial emissions standards and offers 70 hp greater output than the well-established, 730 hp D2676 model.
FSL Trust Sheds Two Product Tankers
FSL Trust Management Pte. Ltd., as trustee-manager of First Ship Lease Trust has announced that wholly-owned subsidiaries of the Trust have executed Memorandum…
North P&I Club Sets 7.5% General Increase
Directors of North P&I Club have decided to set a general increase of 7.5% on P&I and FD&D premiums for the 2020/21 Policy Year. The increase is considered necessary to maintain the Club’s financial strength and stability in a climate of rising International Group Pool claims and premium erosion.According to North’s Chairman, Pratap Shirke, “The marine insurance landscape has been challenging, and…
Moose Boats Awarded New Vessel Contract
Moose Boats, a boat designer and manufacturer in the San Francisco Bay Area, was awarded a contract from the State of California’s Department of Fish and Wildlife for the construction of an M1-46 catamaran to serve as an offshore Game Warden boat.Twin Volvo Penta D11-625hp turbo diesel propulsion engines, Twin Disc transmissions and Hamilton water-jets with Blue Arrow and Jet Anchor station-keeping controls will power the 46 foot aluminum catamaran.
ESG Launches NYCDOT Ferry
On Friday, November 15, 2019, Eastern Shipbuilding Group, Inc. (ESG) launched the SSG MICHAEL H. OLLIS (Hull 219) the first of three new Staten Island “Ollis Class” Ferries for the City of New York Department of Transportation (NYCDOT) Staten Island Ferry Division. The launch took place at Eastern’s Allanton facility in Panama City, Fla. with special attendance by Florida’s Governor, Ron DeSantis.The…
Wärtsilä Tapped for Norwegian FV Upgrade
Wärtsilä is to supply a 12-year old fishing vessel with a Wärtsilä 32 engine, a NOx Reducer (SCR) selective catalytic reduction system, and a shaft generator. The new engine will replace an existing one from another supplier onboard the ‘Brennholm’, a 75-m long vessel owned by Norway-based operator Brennholm AS. The installation will take place at the Orskov Yard in Denmark at the end of 2020. According to measurements carried out in various operating modes…
Baltic Index Records Fifth Straight Fall
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, dipped for a fifth successive session on Wednesday, weighed down by weaker capesize vessel rates.The Baltic index, which reflects rates for capesize, panamax and supramax vessels, was down by 44 points, or 3.4%, to 1,260.The capesize index dropped 108 points, or 4.3%, to 2,435 points. Average daily earnings for capesizes…
VDRs for Inland Vessels: Does It Make Sense?
It just might. And, you’ve got options.The Voyage Data Recorder (VDR) carriage requirements apply to all passenger ships regardless of gross tons or year of build…
Houthis Release South Korean, Saudi vessels
Yemen's Iran-aligned Houthi movement released three vessels and 16 people it had seized, South Korea's Foreign Ministry and a Houthi military source in Yemen said…
PROPULSION: LNG as a Fuel
Some forecasts expect 10% of the global fleet to be powered by LNG by 2030, a proportion that could rise to just under a quarter of the fleet by 2050. Will your vessels be among them?The year-end sulfur cap on marine fuels and recent industry commitments to reduce its collective carbon footprint are behind a surge of interest in LNG as fuel; widespread adoption, however, still faces strong headwinds…
Robotic Hull Cleaning Advances in Dutch Ports
Recent acceptance to operate in Rotterdam and proof of sustainability claims after more than 500 hull cleaning operations help propel ECOsubsea, the robotic hull cleaning system.The Dutch national regulatory body Rijkswaterstaat gave the Norwegian company the green light to start offering hull cleaning services to vessels at all Dutch Ports including Europe’s biggest port, the Port of Rotterdam, a…
