GLDD Wins $141Mln Across Several Awards
The American company providing construction services in dredging and land reclamation, Great Lakes Dredge and Dock Company (GLDD) announced the receipt of several…
US Fines HHI $47Mln Over Dirty Engines
US authorities announced that South Korea's top shipbuilding conglomerate Hyundai Heavy Industries (HHI) will pay a US$47 million fine for illegally importing and…
Global Ship Lease Bags Refinancing Deal
Global Ship Lease (GSL), UK-based holding company and containership charter owner, has now settled a five-year refinancing of its debt.According to the container ship owner…
Navis Survey Acclaims AI
Global container terminals are expected to embrace automated decision making powered by artificial intelligence (AI) as they pursue ways to improve operational consistencies…
Dynagas LNG Secures $675Mln Loan
Dynagas LNG Partners LP, an international owner and operator of liquefied natural gas (LNG) carriers, announced it has secured a $675 million syndicated loan from…
Saudi Attacks, High Demand Leaves U.S. Short on Oil Tankers
A disruption in global oil flows following attacks on Saudi Arabian facilities has left U.S. crude exporters without enough tankers to cover rising demand for cargoes, traders and shipping sources said.Missile attacks last Saturday temporarily cut Saudi oil production by more than 5 million barrels per day, or about half the country's output.That set off a scramble for alternative cargoes of crude…
Leonardo CEO Dismisses Renzi's Idea of Tie-Up with Fincantieri
The chief executive of Italian defence group Leonardo on Friday dismissed the idea of a potential tie-up with shipbuilder Fincantieri recently floated by former…
DNV GL Grants AIP for DSME Ethylene Carrier Cargo Tank
At Gastech trade fair in Houston, DNV GL presented South Korea’s Daewoo Shipbuilding & Marine Engineering Co. Ltd. (DSME) with Approval in Principle (AIPs) certificates for two new 98,000 cubic meter (cbm) ethylene carrier cargo tank designs. In a hand-over ceremony at the DSME booth, Odin Kwon, Chief Technology Officer (CTO) of DSME, received the AIP certificates from Johan Petter Tutturen, DNV GL…
Iridium Certus Now Available as Companion to KVH VSAT Systems
KVH Industries, Inc., (Nasdaq: KVHI), has announced that the Iridium Certus service is now available from KVH as a companion for KVH’s TracPhone mini-VSAT Broadband systems. Iridium Certus is a next-generation L-band solution providing pole-to-pole global coverage and featuring small-form-factor, cost-effective antenna terminals. KVH’s VSAT systems include the TracPhone HTS-series, which provide data…
BIO-UV Acquires Triogen Holdings
BIO-UV Group, the manufacturer of the BIO-SEA ballast water treatment system, has acquired a 100% stake in Scotland-based Triogen Holdings and its subsidiary Suez…
Port of Cape Town Orders Workboat Pair
Transnet National Ports Authority (TNPA) will secure two new workboats by 2022 to boost marine operations at the Port of Cape Town and ensure it is recognized internationally for excellence.The more powerful workboats are expected to improve the port’s ability to maintain marine operations during challenging weather conditions. The engines will be approximately 20% more powerful on the new workboats…
Turkey/Norway Diesel-Electric-Battery Ferry
With a rugged coastline and many fjords to cross, Norway has become a world leader in progressive ferry design. Turkey, with a skilled work force and broad marine experience has become a leader in ferry construction. Put the two together and you have the teamwork that results in the Basto series of RO-RO ferries.The latest in the class, Basto VII, to be launched in December of 2019, will have at its heart…
Damen Completes Maintenance on Innovation
Heavy-lift jack-up vessel Innovation, one of DEME’s DP2 installation vessels, left Damen Verolme Rotterdam shipyard in early September 2019 following a major refit. Innovation spent several months in the Verolme shipyard undergoing renewal of its aft leg sections and an overhaul of its jacking motors.Innovation measures 147.5 meters in length and operates on an electrical rack & pinion jacking system.
Weak Demand Drags Baltic Index Down
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the 12th consecutive session on Friday, weighed down by lower capesize and panamax rates.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, slipped 61 points, or 2.8%, to 2,131 points.* The capesize index plunged 184 points, or 4.4%, to 3,952 points. The index slipped more than 9% this week…
CG Responds to Breakaway Barges Striking Bridge in Texas
The Coast Guard is responding after at least two barges struck the I-10 San Jacinto River Bridge near Channelview, Texas, Friday.At 12:05 a.m., Sector Houston-Galveston…
Finnish Navy Orders 4 New Vessels at Rauma
The Finnish shipbuilder Rauma Marine Constructions (RMC) won the contract from the Finnish Ministry of Defence for the construction of four new Pohjanmaa-class naval vessels…
Vitol, ENH Form LNG Trading JV
Commodity trading company Vitol and the Mozambican state-owned oil and gas company ENH have formed ENH Energy Trading, a partnership focused on trading oil products.The…
HMS Prince of Wales Goes for Maiden Voyage
Britain's newest aircraft carrier has sailed out of Rosyth dockyard for the first time. The GBP3bln, 65000 ton HMS Prince of Wales will sit at anchor in the River…
Korean H-Line Sign LNG Carrier TC with Vitol
Dutch energy and commodities group Vitol and South Korea's H-Line Shipping have executed a 10-year time-charter agreement for a newbuild, latest generation LNG carrier.The…
Chinese Shipbuilder Orders TMC Compressors
Chinese heavy-duty equipment manufacturer Shanghai Zhenhua Heavy Industries (ZPMC) has contracted TMC Compressors of the Seas to supply a marine compressed air…
