Port Nelson Reports Continued Steady Growth
New Zealand Port Nelson said that continued growth in cargo volume has contributed to the port's delivering an operating profit of $30.5 million for the 2018/2019…
IUMI Reports Cut in Offshore Insurance Premiums
International Union of Marine Insurance (IUMI) Offshore Energy Committee reported a further reduction in global offshore energy premiums.Global premiums in this…
Blue Robotics Intros Ping360 Scanning Sonar
California-based Blue Robotics announced its newest product, the Ping360 Scanning Sonar, which offers small remotely operated underwater vehicle (ROVs) the ability…
UK Launches Offshore Wind Leasing Round
The Crown Estate has launched its Round 4 offshore wind leasing competition for the rights to develop at least 7GW of new capacity off England and Wales.The Offshore…
Vesper Marine Announces Cortex
Vesper Marine, a manufacturer of innovative marine electronics, announced the release of Cortex, what the company said is the world’s first marine VHF radio with wireless touchscreen handsets…
SunStone Cuts Steel for Ocean Explorer
SunStone Ships oversaw the steel cutting of Ocean Explorer, the fourth Infinity-class vessel in the class, at China Merchants Heavy Industry yard in Haimen.With…
BIMCO Pessimistic on Dry Bulk Market
BIMCO expects the fundamental market balance in the dry bulk shipping to deteriorate in 2019 which will do nothing to improve freight rates as the 2020 sulfur cap…
Wartsila Wins US LNG Bunker Vessel Deal
The Finnish technology major Wärtsilä has been contracted to supply its LNG cargo handling system for a new 5400-cbm LNG bunker barge being built in the USA.The…
Wärtsilä Rolls-out Pure Gas Marine Engine
Finnish corporation Wärtsilä has launched the 31SG pure gas engine for marine market applications.The 31SG is based on the successful Wärtsilä 31 product platform…
Siemens Gamesa Ups 'Green' Credit to $1.4Bln
Wind turbine manufacturer Siemens Gamesa Renewable Energy (SGRE) has increased the amount of guarantees that qualify as "green" to €1.25 billion ($1.4Bln) as they…
CMHI Lays Keel for Ocean Victory
China Merchant Heavy Industries (CMHI) held in Haimen a keel-laying ceremony for the Miami-based SunStone Ship's third Infinity-class ship, Ocean Victory.European aesthetic and design…
Aramco Uses Renewables in Gas Wells
Saudi Arabian national petroleum and natural gas company Saudi Aramco said that using renewable energy at unconventional well sites in Wa’ad Al-Shamal provides multiple…
Fincantieri: New Design for MSC Seashore
A traditional maritime coin ceremony took place at the Fincantieri shipyard in Monfalcone, Italy, when the keel was laid for MSC Seashore. At the milestone event, MSC Cruises revealed details of the significantly transformed overall design and new features of the ship.MSC Seashore will be the Company’s longest ship – 339 meters – when she enters service in June 2021, the first of two enriched “Seaside Evo” Class ships with the latest available environmental technology…
LR Awards DSME AiP
LR has awarded Approval in Principle (AiP) to Daewoo Shipbuilding & Marine Engineering Co., Ltd (DSME) for its 98,000 m3 Very Large Ethane Carrier (VLEC) design with new cryogenic material High Manganese Austenitic steel (High MnA) and sloshing-free tank, the first VLEC design to use this type of material.DSME’s 98,000 m3 VLEC design is made of DSME-patented ‘Type B’ tank so it can operate with partial loading due to a sloshing-free tank design making vessel operations flexible and efficient…
Arab Coalition Says Foiled Houthi Attack in Red Sea
The Saudi-led coalition intercepted and destroyed an explosives-laden boat launched by the Iran-aligned Houthi movement from Yemen's main port of Hodeidah, Al Arabiya…
Homeland Orders Security/Crew Vessels
Nigeria-based Homeland Integrated Offshore Services LTD (Homeland IOS) said it has placed an order with the Singaporean Penguin Shipyard for several Flex Fighter security/crew vessels for delivery in December 2019.The 40-meter vessels are among the first of Penguin Shipyard’s latest generation, fitted with an all-round wheelhouse ballistic protection, machine gun mounts and gunner shields forward and aft.
Van Oord, Shell Test Biofuel Pilot for Vessels
Together with Shell, Van Oord is testing the use of biofuel on its fleet. The biofuel reduces CO2 emissions by more than 40% compared with conventional marine fuel. This test fits in with the ambitions of both parties to reduce the CO2 emissions in the maritime industry. The first pilot will take place during a dredging project in Germany on Van Oord's trailing suction hopper dredger HAM 316.The shipping industry is being faced by major sustainability challenges.
Aurelius Backs Ardent Buyout
Alternative direct lender AURELIUS Finance Company has provided financing to support the buy-out of emergency management and offshore decommissioning company Ardent from co-owners Svitzer, a global towage operator, and Crowley Holdings, a holding company of international marine and logistics services provider Crowley Maritime Corporation.The deal will see Ardent’s senior management team acquire a shareholding in the company.
Vessel Traffic Halted on Beaumont Ship Channel
Ship pilots stopped moving vessels along the Beaumont, Texas, Ship Channel due to severe weather caused by Tropical Storm Imelda, said the U.S. Coast Guard on Thursday.Imelda…
New Software System for Oily Water Discharge Data Collation
Developers of smart water quality monitoring technology Rivertrace Limited, have created a new, web-based software system for the automatic collation of MARPOL oily water discharge data.RIVERTRACE CONNECTED has been developed by Rivertrace in partnership with UK software developers ISB, who have more than 25 years’ experience in tailored software solutions. The intuitive, subscription-based service…
