MOL Secures Green Loan for LNGBV
Japanese shipping giant Mitsui O.S.K. Lines has signed its first green loan, which it plans to use to partially finance the construction of the world's largest liquefied…
DMC Delivers Rudders to Chinese Yard
Netherlands-based Damen Marine Components (DMC), which specializes in the design and production of rudders, has completed the supply of nine Van der Velden ATLANTIC…
OSVs: Rising Tide Won't Lift All Boats
The offshore supply vessel (OSV) industry has emerged from its 2017 trough, thanks in large part to a slight shrinkage of the active fleet, a string of debt restructurings, improved cost management, and an uptick in drilling activity in a few regions. The industry is far from healthy, though, and the climb back to financial well-being will likely be long and unsteady. Not every operator will survive.
Ferry Stena Estrid Completes Sea Trials
Stena Line’s "next-generation" ferry Stena Estrid has arrived in Holyhead after completing sea trials and a five-week, 10,000 mile journey from China to the Irish Sea where she will begin service early next year on her inaugural route from Dublin to Holyhead.Designed by Deltamarin and constructed at the China Merchants Jinling Shipbuilding Weihai Shipyard in China, Stena Estrid is the first of Stena…
Armstrong Bags Hat Island Ferry Contract
Boatbuilder Armstrong Marine USA has been selected to construct a custom passenger ferry for the community of Hat Island, Washington.The 49-passenger USCG Subchapter T vessel features a galley, head, Northern Lights 9kW generator, Garmin/NMEA electronics package, and PA system. Vessel completion is slated for Fall, 2020.
Hawaii Congressman Introduces Anti Jones Act Legislation
Hawaii Congressman Ed Case has introduced three bills in Congress to reform Merchant Marine Act of 1920 (commonly referred to as the Jones Act), which he states “artificially inflates the cost of shipping goods to Hawaii”.Case’s three measures and their proposed amendments to the Jones Act are:the Noncontiguous Shipping Relief Act, which exempts all noncontiguous U.S. locations, including Hawaii, from the Jones Act…
UAS Announces New Marine Transportation Scholarship
As tourism increases so will the demand for trained, licensed employees and sea pilots navigating the Inside Passage and a new University of Alaska Southeast (UAS) scholarship endowment was inspired to do just that.The Captain Michael A. Clinkscales Maritime Scholarship has been established to support UAS students enrolled in marine transportation courses. Fellow sea pilots led the cause to raise more than $38…
HHI Receives AIP for Bulk Carrier Design
Hyundai Heavy Industries (HHI) has announced that it recently received the Approval in Principle (AiP) for the design of a capesize bulk carrier with type C LNG fuel tank made of POSCO’s high manganese steel and fuel gas supply system from DNV GL and Liberian International Ship & Corporate Registry (Liberian Registry).The hand-over ceremony was held at HHI’s Seoul office and attended by senior officials from HHI…
Ardent Refocuses Strategy, Relocates to Netherlands
Ardent has announced a refocus of its strategy and a relocation of its headquarter.Ardent will refocus its strategy away from decommissioning towards its core business…
UK Navy Warship Captures $4 mln of Drugs in Gulf of Oman
Britain's Royal Navy said on Monday one of its warships had helped to seize a batch of crystal meth worth more than 3.3 million pounds ($4.3 million) from smugglers in the Gulf of Oman.HMS Defender, a destroyer based at Portsmouth, southern England, sent a party to search a suspicious dhow as it conducted reconnaissance in the northern Arabian Sea.Royal marines discovered on the dhow 11 mailbag-sized sacks carrying drugs weighing 131 kg (288 lb) in total…
Pon Holdings 100% Owner RH Marine Group
Pon Holdings announced that it intends to take over Parcom Capital's majority share in RH Marine Group. With this transaction, Pon Holdings will become 100% owner of RH Marine Group. The proposed acquisition is pending approval of competition authorities and involved works councils. The parties involved aim to complete the acquisition before the end of January 2020.RH Marine Group is a holding company consisting of three well-established companies: Radio Holland Group (Rotterdam)…
Baltic Index Falls, Vessel Rates Drop
The Baltic Exchange's main sea freight index continued its losing streak on Monday, falling to its lowest in more than six months as demand across vessel segments dropped.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, fell 20 points, or 1.8%, to 1,103, its lowest since June 17.* The main index was down for a fourteenth-straight session.* The capesize index dipped 4 points…
Chantier Davie Pre-qualified under Canada's NSS
The Government of Canada announced East Coast shipbuilder Chantier Davie has pre-qualified to become the third strategic partner under the National Shipbuilding Strategy (NSS), a long-term, multibillion-dollar program to renew the Canadian Coast Guard and Royal Canadian Navy fleets.Back in May, Canada’s Government announced its intention to add a third Canadian shipyard as a partner under the NSS, and on August 2…
Bourbon Assets Taken Over by Creditor Banks
French marine services group Bourbon Corporation, which has been in a court restructuring process after its business was hit by volatile energy markets, said its assets would be taken over by its creditor banks.Bourbon said the Marseille commercial court had ruled that Bourbon's assets would be transferred to Société Phocéenne de Participations (SPP) from Jan. 2, 2020.SPP is owned by BNP Paribas, Caisse Régionale de Crédit Agricole Mutuel Alpes Provence…
Maersk Outlines Year in Review, Outlook
Steve Felder, Managing Director, Maersk South Asia has outlined the developments in 2019 and what we can expect in 2020:“While the global container demand was lower in 2019 due to weaker growth in the global economy, India witnessed a broad-based slowdown in its import export trade as well after a growth of several years. This is aligned closely with the weaker domestic demand, tight liquidity and…
US Box Ship Rescues Iranian Mariners
A U.S.-flagged merchant vessel Maersk Kinloss rescued three Iranian mariners who had been stranded at sea for several weeks.The Maersk company informed U.S. Naval…
Dead Monkey Found in a Shipping Container
A dead monkey was found in a shipping container in Whāngārei, New Zealand this month.A staff member at BBS Timbers discovered the dehydrated monkey body squeezed between sawn timber packs upon opening the fumigated container, which had arrived from Guyana.The facility alerted Biosecurity New Zealand, which advised how to remove the monkey. A biosecurity officer followed up with an inspection and picked up the body for disposal.The monkey body was in a poor condition.
Damen: New CEO and Structure
Arnout Damen will take over as CEO of Damen Shipyards Group effective January 1, as the the Dutch shipbuilding conglomerate transitions to a new divisional structure, the group announce on Monday.Arnout Damen succeeds René Berkvens, who has been the CEO of Damen Shipyards Group for more than 13 years."We are extremely indebted to René for his commitment as our company's top executive," said Chairman Kommer Damen. “Under his leadership, Damen has grown into a globally operating, leading player.
Eimskip Sells 2 Boxships
The oldest shipping company in Iceland Eimskip has made an agreement to sell two container vessels for USD 3.9 million (EUR 3.5 million).The Icelandic Steamship…
ZPMC Contracts Royal IHC for J-Lay System
Royal IHC, the supplier of equipment, vessels and services for the offshore and dredging markets, has signed a contract with China’s Shanghai Zhenhua Heavy Industries…
