Dry Bulk Market Outlook Darkens After Vale Casualty
The prospects of dry bulk shippers carrying iron ore from mines to smelters have worsened due to the accident at Vale's Brumadinho dam in Brazil, Golden Ocean said on Tuesday as it presented forecast-beating quarterly earnings.The dam in the town of Brumadinho, which contained tailings, the mud-like byproducts of iron ore mining, burst on Jan. 25, killing at least 166 people and with almost 200 more still missing.Brazil's Vale…
Abu Dhabi Shipbuilding, Leonardo in UAE Navy MoU
Abu Dhabi Ship Building and Italy's Leonardo signed a memorandum of understanding on Tuesday to work together to create a combat-management system (CMS) for the United Arab Emirate's navy ships, state
Magallanes Installs Turbine at EMEC
Spanish tidal energy developer Magallanes Renovables is testing its tidal technology on a test site at the European Marine Energy Centre (EMEC) in Orkney, Scotland.The…
Exmar Ship Management Opts for Luminultra
Belgium-headquartered EXMAR Ship Management has selected the LuminUltra Quench-Gone Aqueous (QGA) test kit to monitor the quality of the drinking water produced…
MAN Unveils New TCT Turbocharger
MAN Energy Solutions has unveiled its new TCT axial turbocharger series specifically optimised for Tier III operation, suitable for both conventional and dual-fuelled…
Shell: A Cost Saver for Chinese RoRos
Shell Marine integrated solutions have saved the equivalent of around $123,000 annually for its customer China’s operator of RoRo tonnage Hainan Strait Shipping.On Shell’s advice…
Qatar to Buy Up to 60 New LNG Vessels
Qatar Petroleum (QP) is expected to order 60 new liquefied natural gas (LNG) carriers to serve new customers once it ramps up its annual capacity from the current…
Nakilat, McDermott Form Fabrication JV
Qatar's Nakilat and McDermott are establishing a 60:40 joint-venture (JV) company that provides offshore and onshore fabrication services in Qatar."The strategic…
Algoma Conveyor Heading for Canada
The provider of marine transportation services Algoma Central Corporation announced that the recently completed Algoma Conveyor, the third Seawaymax Equinox Class 740’ self-unloading dry-bulk carrier…
Singapore's Submarine Baptized in Kiel
ThyssenKrupp Marine Systems (TKMS) has launched at the Kiel shipyard the the largest ever built in Germany submarine. Named Invincible, the submarine will be part…
Oldendorff Readies for Ship Recycling Regs
The dry bulk operator Oldendorff Carriers has entered into an agreement with GSR Services and Korean Register (KR) for the development and certification of Inventory…
2021 to See 33 More FPSOs
A total of 33 floating production, storage and offloading (FPSO) vessels will be sanctioned between now and 2021 as oil and gas activity picks up in the offshore…
Black Sea Container Exports on the Rise
Ukraine-based Informall Business Group in its latest Black Sea Container Market review reports a rise of 8.70% in loaded containers handling in the Black Sea container ports of Romania…
Hamburg Port Sets Record in Intermodal Growth
Handling 135.1 million tons of seaborne cargoes (down one percent), Germany’s largest universal port can report a respectable result for 2018.Hamburg successfully…
Clean Arctic Alliance Thrusts on HFO Ban
As a meeting of the International Maritime Organization’s (IMO) Sub-Committee on Pollution Prevention and Response (PPR 6) opened yesterday in London, the Clean…
Herbert-ABS Intros Offshore Evaluation Software
California-based provider of naval management software and ship design Herbert-ABS Software Solutions LLC today announced the launch of its HECSTAB Offshore Stability…
APM Terminals Ecuador Upgrades
To address rapid increases in volumes APM Terminals Inland Services Ecuador introduced an accurate and reliable Truck Appointment System (TAS).This approach has…
Two Bangladeshi Workers Killed in Shipbreaking Yard
Two Bangladeshi workers were killed Monday in a fire that started in the engine room of an end-of-life tanker being dismantled at a shipbreaking yard in Chittagong…
Hapag-Lloyd Gets Ratings Upgrade from Moody's
The international rating agency Moody’s has upgraded the German cargo container shipping line, Hapag-Lloyd AG's corporate family rating (CFR) to B1 from B2 and its…
IMO Readies for Sulphur 2020 Limit
International Maritime Organization (IMO)'s Sub-Committee on Pollution Prevention and Response (PPR) meets this week (18-22 February) at IMO headquarters.According to the UN body…
