Lithuania's KN Bids for LNG Terminal Operator in Brazil
Lithuania's state-run oil and LNG terminal operator Klaipedos Nafta (Klaipedos Oil, KN) said on Wednesday it’s currently negotiating an operations and maintenance…
ICE Reports Milestone Trading of LNG Contracts
Intercontinental Exchange, operator of global exchanges and clearing houses and provider of data and listings services, reported new milestones in the trading of…
Crown Estate Hosts Round 4 Bid Talks
The Crown Estate, which acts as manager of the seabed around England, Wales and Northern Ireland, has hosted a Round 4 bidders day to give offshore wind developers…
Mozambique Awards Rovuma LNG Project Gig
Mozambique Rovuma Venture (MRV) has awarded an engineering, procurement, and construction contract to a consortium of Fluor, JGC, and TechnipFMC for its Mozambique…
Dutch Ports Preps for a Possible No-deal Brexit
All partners including Customs, the Port of Rotterdam Authority, the Port of Amsterdam Authority, PortBase and the involved municipalities are working hard on preparations…
KOTUG, Horizon Maritime Form Canadian JV
KOTUG International B.V. and Canada-based offshore vessels operator Horizon Maritime Horizon Maritime Services have formed KOTUG Canada, a joint venture company…
Ocean Network Express Unveils AOCTEL
Ocean Network Express (ONE), a Japanese container shipping company that is headquartered in Tokyo and Singapore, has announced the establishment of the Advanced…
Kalmar Rolls-out New Automation System
Kalmar, a provider of cargo-handling solutions and services to ports, introduces Kalmar One, the first open automation system for container terminals.Kalmar One…
Gravesend Old West Street Pier to be Removed
Work to dismantle and remove the old West Street Pier in Gravesend is well underway. The pier was used for a number of years by passengers of the Gravesend-Tilbury ferry.
Ferretti New Order Book Touches $510Mln
The Ferretti Group announced that it has gained new orders worth $510.1 million (465 million euros) during the first nine months of the year, up 18 percent compared…
NYK to Improve Dry Bulk Fleet Safety
Japanese shipping company Nippon Yusen Kaisha (NYK) held its annual Dry Bulk Safety Conference at the company’s headquarters in Tokyo to share safety awareness and…
Panama Canal Reports Record FY 2019 Tonnage
The Panama Canal has closed the 2019 fiscal year (FY19) with a record tonnage of 469 million Panama Canal tons (PC/UMS), a 6.2 percent increase compared to FY2018.With this figure, the waterway exceeds the 450.7 million PC/UMS tons projection for FY2019, as well as the record tonnage of 442 million PC/UMS tons registered in the previous fiscal year. These record-setting results reflect the Canal workforce's commitment to efficiency and ongoing investments in infrastructure…
Interview: Davide Breviglieri, CEO of Azimut Yachts do Brasil
With 50 years of history, the Azimut | Benetti Group is recognized as the world’s largest motor yacht builder (global orderbook 2019). For nearly 10 years Azimut…
BIMCO: Shipping Hurt by Soya Bean Trades
Combined soya bean exports from Brazil and the US are down 7.8% in the first eight months of this year, as the main Brazilian soya bean export season disappointed. The fall in volumes from the two countries has also led to an 8.5% drop from last year in the tonne mile demand generated by the two dominant soya bean exporters.In particular falling exports from Brazil have hurt the shipping industry,…
Baltic Index Rises on Uptick in Capesize Demand
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, jumped on Wednesday, on stronger demand for capesize vessels driven by a seasonal uptick in Brazilian iron ore exports.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, rose 72 points, or 4%, to 1,873, its biggest daily percentage gain since Aug. 30.* The capesize index jumped 177 points…
Cargill, Maersk & Mitsui to Collaborate on Emissions
Cargill, Maersk Tankers and Mitsui & Co. have established a strategic collaboration to accelerate the reduction of global greenhouse gases (GHGs) within shipping. All three parties recognize the urgency required to tackle the global issue of climate change and are continually driving progress in their respective lines of business. Today, they are joining forces to accelerate these efforts and propel the maritime industry towards a more sustainable future.Together…
Kongsberg, MAN Energy Solutions Sign MOU
Kongsberg and MAN Energy Solutions have signed a Memorandum of Understanding with the purpose of exploring the potential for collaboration on a common data infrastructure for the maritime sector.The collaboration will broaden the value offering to vessel operators, improve return on investment in digital solutions and increase the adoption of secure connectivity.Under the MoU, MAN Energy Solutions is set to investigate the possibility of using Kongsberg Digital’s data-infrastructure solution…
Sanctioned Vessel Finally Departs American Samoa
Following a five-month stay in the port of Pago Pago, American Samoa, the 580-foot motor vessel Wise Honest, a 17,061-ton, single-hull bulk carrier ship connected to U.S.
Shock Mitigation: Size Matters
When it comes to shock-mitigation, bigger is truly better.Let’s consider a thought experiment: You must take the wheel of one of two cars speeding along straight tracks with no exits. Both cars are traveling at 100 km/hour, but the first is 100 meters from a brick wall while the second is only 10 meters from an identical wall. There is nothing to do but decelerate before the crash, and assuming your decision is guided by self-preservation the choice is obvious. Why?
Bourbon Receives Takeover Offer
French marine services group Bourbon Corporation, which has been in a court restructuring process after its business was impacted by volatile energy markets, said it had received a takeover offer for its assets."As part of the reorganization proceedings opened since August 7, 2019 by the Marseilles Commercial Court to the benefit of Bourbon Corporation and its affiliate Bourbon Maritime, Court Administrators have received a takeover offer," Bourbon said in a statement on Wednesday."This offer -
