ARC to Christen 3 Vessels on Friday
American Roll-on Roll-off Carrier (ARC) will christen the ARC Resolve, ARC Integrity and the ARC Independence, welcoming three of the most versatile and militarily…
Brittany Ferries in Brexit 'Dry Runs'
French shipping company has embarked on a series of 'dry runs' - mock voyages - between the UK and France to ensure it is ready for any “no-deal” Brexit mayhem.The…
Shearwater Wins 1st Project in S. America
Norway-based provider of marine geophysical services, Shearwater GeoServices has been awarded a 3D Isometrix seismic survey by Colombia’s Ecopetrol.It will be Shearwater’s…
DryShips Installs Scrubbers on 7 Vessels
Greek diversified owner and operator of ocean going cargo vessels DryShips announced that further to its plan to future proof its fleet, it has completed the dry-docking…
MPC Joins Trident Alliance
Norwegian shipowner MPC Container Ships (MPCC) as become the latest member of Trident Alliance, a network of shipping companies and other stakeholders.CEO Constantin…
ChartCo Opens New Office in Greece
ChartCo, the global provider of digital navigation and compliance solutions, has expanded its global network of offices to Piraeus, Greece to help provide dedicated…
LNG - Most Viable Alternative Fuel
SEA\LNG, a multi-sector industry coalition, created to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, said that LNG is the…
Colombia's SPEC LNG Expands
Colombia´s LNG Import Terminal Sociedad Portuaria El Cayao (SPEC LNG) has signed a joint development agreement with Calamari LNG, Avenir LNG and Höegh LNG on providing…
NYK in ESG Index for 17th Year in a Row
Japan's shipping giant Nippon Yusen Kaisha (NYK) has been selected for the Dow Jones Sustainability Indices (DJSI), the world's leading investment indexes for ESG (environmental…
ABS, SHI to Develop Next Generation LNG Carrier
ABS, the global provider of classification and technical advisory services to the marine and offshore industries, announced that it is collaborating with South Korean…
GTT Scores VLEC Order from HHI & SHI
French liquefied natural gas containment system specialist Gaztransport & Technigaz (GTT) has received an order notification for the tank design of six very large…
China's Unipec Ramps Up U.S. Crude Shipments
Unipec, the trading arm of Asia's top refiner Sinopec, chartered at least four crude tankers this week from the United States, ramping up purchases after attacks…
Building the Most Powerful Otto Cycle Engine in the World
WinGD has released a time-lapse video of the build of a 12X92DF engine, built by CSSC-MES Diesel Co., Ltd. (CMD) in Lingang, Shanghai.This twelve-cylinder version of the 92cm bore X-DF dual fuel engine from WinGD, is set to be the largest and most powerful Otto cycle gas and dual-fuel engine ever built and will bring a new level of environmental sustainability to the containership segment.The engine build has taken approximately 3,125 person days, which totals to 25,000-man hours.
The Poseidon Principles: De-carbonizing Global Shipping
The Global Maritime Forum, banking institutions and other maritime industry stakeholders have developed the Poseidon Principles, a global agreement among financial institutions with the aim of decarbonizing shipping. Named after the Greek God of the sea, the Poseidon Principles aim to reduce carbon emissions by aligning financial institutions’ shipping portfolios with (IMO target of a 50 percent reduction in emissions by 2050.
Marine Cargo Insurance Market Still Not Profitable
Sean Dalton, Chair of the Cargo Committee of the International Union of Marine Insurance (IUMI) has said at the organization’s annual conference in Toronto, Canada, that there has been a 2.5 percent increase in 2018 global premiums to $16.6 billion but that this increase was largely attributable to growth in global trade and exchange rate fluctuations. He added that the marine cargo market was in a…
Vigor Lays Keel for Next Gen Landing Craft
Representatives from the U.S. Army and federal and local elected officials joined Vigor for a keel laying ceremony, celebrating the first milestone in the construction of the Army’s next generation landing craft, the Maneuver Support Vessel (Light) or MSV(L).The nearly billion dollar contract to build MSV(L) was awarded to Vigor in October, 2017. The new design, developed in partnership with BMT, improves the capabilities of the current LCM-8 and provides the optimal combination of performance…
Russia Detains Two N.Korean Vessels After Attack
Russian border guards detained two North Korean racketeering vessels in Russian territorial waters in the Sea of Japan after one of them attacked a Russian patrol ship…
Baltic Index Falls on Weaker Rates Across Vessels
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, extended its losses for the ninth consecutive session on Tuesday due to lower demand across vessel segments.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 28 points, or 1.2%, to 2,283 points.* The capesize index dropped 82 points, or 1.8%, to 4,456 points.* Average daily earnings for capesizes…
Sovcomflot CEO to Switch to Chairman
Sergei Frank will step down as president and chief executive of Russian state-controlled shipping giant Sovcomflot after 15 years at the helm, four sources familiar with the decision told Reuters on Tuesday.Frank will give up operational control of Sovcomflot and take over as chairman of the company's board, two of the sources said.It was not immediately clear why Frank, 59, was moving position.
GPA Plans Savannah Port Capacity Expansion
The Georgia Ports Authority (GPA) has plans for a new container port on Hutchinson Island to increase the capacity of the Port of Savannah, Georgia, USA. The planned expansion will double the port’s annual capacity from 5.5 million TEUs to 11 million TEUs and the facility will be able to handle 2.5 million TEUs of cargo annually The new container port occupy a 200-acre area directly opposite Ocean…
