Oil Market to Depend on AI to Fix Downtime
Unplanned outages are on the rise globally from both equipment failures and damages. Smaller operators do not have the excess capital to conduct the same level of…
Gibbs & Cox: Historic Ship Designer Turns 90
Hindsight, they say is 20/20, and in this regard renowned design house Gibbs & Cox has nine decades in the rear view mirror on which to lean. We recently caught up with Chris Deegan, President and CEO of Gibbs & Cox, celebrating its 90th anniversary in 2019, to discuss the organization’s rich history and promising future.When you took the top spot at Gibbs & Cox in 2016, what were your goals for the organization?As a company that designs everything from yachts to work boats to destroyers…
DP World: Djibouti Dispute Hurts Firm's Borrowing Ability
Global ports operator DP World has struggled to borrow from banks to finance new investments since a port it partially owns in Djibouti was seized by the government there in 2018, its chairman said on Monday."We are investing but it is costing us more. That’s the damage," DP World Chairman Sultan Ahmed bin Sulayem told Reuters in Rwanda's capital Kigali, where the company opened a $35 million logistics platform on Monday."Fewer banks will lend us money today…
Video: USCG Cutter Crew Member Airlifted
An ailing U.S. Coast Guard crew member aboard the Cutter John Midgett has been airlifted and transported to emergency medical service personnel in Kodiak, Alaska, the Coast Guard said.At 10 a.m. on Saturday, District 17 Command Center watchstanders received a call from the 378-foot high endurance cutter requesting a medevac for the 40-year-old male who was reportedly experiencing symptoms of a stroke.
Damaged Iranian Tanker Enters Iranian Waters
An Iranian tanker damaged in the Red Sea two weeks ago has entered Iranian territorial waters, the official IRNA news agency reported on Monday, citing information…
BunkerTrace Goes Live
On Friday, BunkerTrace, the unique blockchain and DNA- based fuels tracking solution, announced its commercial launch shortly after a successful trial in the Netherlands on Thursday, October 3, which was conducted in partnership with Cooperative Bebeka. Announcing the launch at Aracon, BunkerTrace is now ready to receive requests for commercial partnerships and adoption by bunker suppliers, ports and operators.The solution…
Sovcomflot Advances Green Shipping Along the NSR
Two large-capacity Sovcomflot tankers using cleaner-burning LNG as a primary fuel, Mendeleev Prospect and Lomonosov Prospect, have successfully completed their respective voyages eastbound along the Northern Sea Route (NSR).Lomonosov Prospect has reached Cape Dezhnev, the easternmost end of the NSR, at 05:50 Moscow time on October 16, 2019. Mendeleev Prospect did the same three days later, at 13:00 Moscow time on October 19, 2019.
Anglo-Eastern, Naval Dome Ink Cyber MOU
Global ship manager Anglo-Eastern has inked a memorandum of understanding on cyber security with Naval Dome.Signed by Capt. Bjorn Hojgaard, CEO of Anglo-Eastern, and Naval Dome CEO Itai Sela, the agreement underpins the ship manager’s commitment to protecting the vessels and personnel under its management from cyber-attack.Under the agreement, Naval Dome will provide Anglo-Eastern with cyber security…
Interferry Conference Highlights Zero-Emissions
Acknowledging the need to be a leader in the transition to a lower carbon future and eventually net zero emissions, global trade association Interferry convened its 44th annual conference on the theme of innovation - exploring the potential to transform every aspect of the ferry industry. The drive towards zero-emission ferries captured major attention among a record 420 delegates drawn to London earlier this month by a wide-ranging technical, operational and commercial agenda.
Semco Inks Agreement with the Armed Forces
Semco Maritime AS (Norway) has signed a framework agreement with the Armed Forces.Semco Maritime AS has entered into a framework agreement with the Norwegian Defense Logistics Organization (FLO)The agreement covers the navy / coastguard vessels at Haakonsvern base and all assignments under this agreement will be handled from Semco Maritime’s shipyard at Hanøytangen.The agreement, which has a duration of four years…
Maersk Lifts 2019 Profit Forecast; Shares Rise
Danish shipping company A.P.
Temasek Bids $3 Bln for Control of Keppel
Singapore state investor Temasek Holdings is offering to buy control of conglomerate Keppel Corp in a S$4.1 billion ($3 billion) deal that could hasten a consolidation in the rig building sector which is battling the effects of low oil prices.The announcement, which confirmed what two sources with knowledge of the matter told Reuters earlier on Monday, boosted shares in rig builder Sembcorp Marine by 12% on expectations of a likely shake-up in the industry.
Østensjø Rederi Orders Four Newbuilds
Aiming to meet increasing demand in the offshore wind market, Norwegian owner Østensjø Rederi said it has signed a letter of intent (LOI) for the construction of four commissioning service operation vessels (CSOV) to be built at at the Astilleros Gondán shipyard in Spain for delivery from 2022.Designed by Salt Ship Design in Norway, the 88.3-meter-long vessels will be utilized for service operations during the commissioning and operation of offshore wind farms.
Nakilat Posts 10.5% Surge in 9 Month's Net Profit
Qatari shipping and maritime company Qatar Gas Transport Company (Nakilat) reported a 10.5% year-on-year increase in net profit to QR728mn (USD 200 million) in the…
Damen, Maris Join Forces to Tackle Seaweed
Dutch shipbuilding giant and Maris Projects, a player in marine and oceanographic data management services, have joined forces to tackle the issue of invasive Sargassum…
Neptun Werft Lays Keel for AIDAcosma
The first building-block for AIDA Cruises’ second LNG-fueled cruise ship was put in place at the Neptun Werft shipyard in Rostock, Germany.The two trainees, Charleen…
Castor Maritime Acquires Third Panamax Bulker
Cyprus-based dry bulk shipping company Castor Maritime has acquired its third Panamax dry bulk carrier for $10.2mln.The global shipping company specializing in the…
IMO Unites Maritime Industry in London
International Maritime Organization (IMO) is the only United Nations agency based in London but the city itself is home to the headquarters and country offices…
Green Shipping Fuels of the Future
Ammonia and hydrogen are promising potential fuels of the future in a de-carbonized shipping industry, which has to switch to alternative, zero carbon fuels in order…
Coast Guard Issues RFI for Offshore Patrol Cutter
On October 18 the U.S. Coast Guard issues a Request for Information (RFI) for information and planning purposes only.On October 10, 2019, the U.S. Department of…
