Shipbuilding: NYK, Jera Carrier Named “Shinshu Maru”
Japan’s Kawasaki Heavy Industries (KHI) held a naming ceremony at its Sakaide shipyard for the new liquefied natural gas (LNG) carrier owned jointly by NYK Line…
Deltamarin Wins Design of Titanic II Project
Passenger and cargo shipping company Blue Star Line has contracted Deltamarin to continue with the design of Titanic II. The contract covers activities and tasks for the design process…
Seaspan Corp.Prepays Credit Facility of Eight Vessels
The charter owner and manager of containerships Seaspan Corporation announced that it has prepaid a credit facility which was secured by eight of its vessels.Upon completion of the collateral release
Hyundai Heavy Industries Wins New Orders on Tanker Vessels
Hyundai Heavy Industries Co., Ltd (HHI) announced that it won an order to build two crude carriers from a shipping company based in Europe.The ships would be built…
DSME Bags Order for Two VLCCs
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has won orders to build two very large crude carriers (VLCCs).Oman Shipping Company (OSC)…
Oakland Port Cargo Volume Hit All-time High in 2018
The Port of Oakland reported a record-setting 2018 in cargo movement, on account of an expected spike in imports aimed at beating new tariffs on goods shipped from…
Oldendorff Sells Three Vessels in in CSL Pool to Algoma
The dry bulk operator Oldendorff Carriers sold the three remaining self-unloaders still operating in the CSL Pool for US$100.5 million to Algoma Central Corporation.CSL…
Russia Launches First-ever Arctic Satellite
The first Russian satellite for weather forecasting and monitoring climate and environment in the Arctic region, Arktika-M, is planned to be sent to near-earth orbit…
BPER Banca Finances Augustea Navigation
Italian banking group BPER Banca is financing up to USD 8 million to Augustea Navigation to refinance its acquisition of a bulk carrier built in 2010 under an Italian flag.
India Fines Dutch Vessel Owner for Beaching Ship
Dutch ship owner Holland Maas Scheepvaart Beheer II BV has been fined 780.000 EUR and paid a settlement of 2.2 million EUR - totaling to a price tag of almost 3…
IMO Crosses Language Barriers
One of the great strengths of the UN system is its multi-national and multi-cultural nature.As far as possible, UN bodies try to work in their delegates’ own languages…
First Ship Lease Trust Sells Product Tanker
Singapore-listed First Ship Lease Trust (FSL Trust) announced that a wholly-owned subsidiary of the Trust has executed a Memorandum of Agreement to sell its MR product tanker FSL Hamburg to an unaffi
Algoma Central: Refund Given for Cancelled Ship Contract
Algoma Central Corporation (TSX: ALC), a provider of marine transportation services, announced that it has received full refund of all instalment payments made in…
IMO 2020: Oil Refining Capacity to Grow at Record Pace
Global oil refining capacity is set to increase at its fastest pace on record this year, possibly boosting stocks of products such as diesel, gasoline and marine fuel, the International Energy Agency said.Oil refining capacity will rise by 2.6 million barrels per day (bpd) and demand for refined products by around 1.1 million bpd, the IEA said in a monthly report.It was not clear yet what that meant for margins…
Ballast Water Management: By the Numbers
With compliance deadlines on the horizon for many shipowners, the study revealed a critical need for owners to start their technology-selection process, and to resist buying BWM systems based on initial price alone.ABS has just completed its second comprehensive survey of the shipping industry’s progress towards global compliance with ballast-water regulations, finding just over a third of installed management systems (BWMS) to be fully operational.The survey’s findings…
Government Shutdown: Atlantic Seismic Permitting Blocked by Judge
A federal court judge on Friday ruled that the federal government cannot process seismic testing permits for offshore oil drilling during the ongoing government shutdown, dealing a blow Trump administration's energy agenda.Judge Richard Gergel of the U.S. District Court in South Carolina issued the decision in response to a motion filed by a range of conservation and business groups and coastal cities opposed to the adminstration's efforts to expand U.S.
Bahrain's First LNG Terminal Ready for Business
Bahrain expected to start LNG imports early this year; FSU on 20-year time charter to Bahrain LNG arrives in the GulfBahrain's first liquefied natural gas (LNG)…
U.S. Government Shutdown: Assessing the Impact on Maritime
On December 22, 2018, a continuing resolution passed by Congress to fund a portion of the U.S. Government into the 2019 fiscal year expired and was not renewed resulting in a partial federal government shutdown. Among the affected Executive Departments are the Department of Homeland Security (which includes the Coast Guard and Customs and Border Protection), the Department of Transportation (which includes the Maritime Administration)…
IRClass Signs MoU with Government of Assam
The Indian Register of Shipping (IRClass) and the Government of Assam, a key state in India’s north-east, has signed a Memorandum of Understanding (MoU) to further enhance the state’s inland water transport (IWT) system to improve commuter safety.The MOU follows the funding agreement between the Government of Assam and the World Bank to modernize and transform inland water transport in the state which has the largest network of navigable inland waterways in India.
HII to Acquire Fulcrum IT Services
Huntington Ingalls Industries (NYSE:HII) has announced that it has entered into an agreement to acquire Fulcrum IT Services, LLC, an information technology and government…
