Croatia's DIV Buying Norway's Kleven Shipyard
Croatian DIV Group is set to buy Kleven Verft, a Norwegian shipbuilding company specializing in the construction of offshore and cruise vessels.DIV, which owns the Brodosplit shipyard in Split Croatia, has signed an agreement to buy the Norwegian company based in Ulsteinvik, with the deal is expected to be executed in the next few weeks, Kleven said Monday.Kjetil Bollestad, CEO at Kleven, said he was happy the company was getting "a new and solid owner of the yard.""Through a difficult period…
Freeport LNG Kicks Off Train 2
US-based Freeport LNG has started commercial operations at its second of three planned liquefaction trains.Freeport LNG Train 3 remains on track to meet its previously announced schedule…
SAAM Acquires Intertug
Chilean logistics company SAAM has struck a deal to buy Intertug Investment Holding, a towage services company with operations in Colombia, Mexico and Honduras.SAAM…
Aas Mek Contracts PG for Wellboat Pumps
Norwegian shipbuilder Aas Mekaniske Verksted has awarded pump and liquid handling specialist PG Flow Solutions a contract to deliver pump systems to a wellboat the…
Tsuneishi Delivers 500th TESS Design Bulker
Japanese shipbuilding major Tsuneishi Shipbuilding delivered the 500th newbuilding in long running bulker range the Tsuneishi Economical Standard Ship (TESS).The…
Oakland Container Volumes Down 1.8% in 2019
The container ship facility located in the San Francisco Bay, Port of Oakland 2019 container volume decreased 1.8 percent from 2018. The Port attributed the decline…
29,476 Vessels Arrive at Rotterdam Port
2019 was a relatively safe year for shipping in the port of Rotterdam. Over the past year, the number of sea-going vessels arriving was about the same as in 2018: 29…
IMO Reviews GMDSS Requirements
International Maritime Organization (IMO)'s Sub-Committee on Navigation, Communications and Search and Rescue (NCSR) said that it will continue its ongoing work to review GMDSS requirements…
Dee4 Adds Vessel, Appoints New Partner
The Danish private equity firm investing in shipping, Dee4 Capital, announced the takeover of its fourth vessel, to be renamed “Dee4 Dogwood”, which is a medium…
Ingalls Shipbuilding to Fund STEM Projects
America’s largest military shipbuilding company Huntington Ingalls Industries (HII) Ingalls Shipbuilding division has awarded $99,592 in grants to 28 STEM-related…
US Refiners Grab HSFO on Back of IMO 2020
U.S. refiners are scooping up cheap high-sulfur fuel oil for processing from Russia and the Baltic states as they take advantage of new shipping rules that have cut demand for the dirtier marine fuel, according to oil traders and shipping data.U.S. refiners Valero Corp, Chevron Corp and Phillips 66 have been buying HSFO, traders said, taking advantage of their complex operations to turn HSFO blended with crude oils into products like diesel…
NOC Condemns Calls for Oil Export Terminals to be Shut
Libya's state oil firm NOC on Friday condemned calls to shut oil export terminals in eastern Libya controlled by military commander Khalifa Haftar ahead of a summit in Germany where he will face pressure to halt his campaign to take the capital.Tribal leaders in eastern and southern Libya called on Thursday to shut the terminals in protest at what they called the internationally-recognized government…
MarTID 2020: The Maritime Training Survey is Open
The third annual global Maritime Training Insights Database (MarTID) 2020 survey is officially open.To facilitate a broader response globally, the MarTID steering group again opted to both shorten the survey and to offer three, targeted versions for these three stakeholders:Vessel Operators,Training Institutions, andSeafarers. Take the Survey Vessel Operator survey link: https://www.surveymonkey.com/r/2020MarTIDOperator…
Crowley Awarded $21m Government Deal
Crowley Government Services, Jacksonville, Florida, wasawarded a $20,771,542 firm-fixed-price contract with reimbursable elements extension by invoking Federal Acquisition…
Baltic Index Dips on Subdued Demand
The Baltic Exchange's main sea freight index fell on Friday, as a fall in capesize vessel rates on weak demand outweighed gains in the other vessel segments.The Baltic index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, dropped 14 points, or 1.8%, to 754.The index lost 0.5% this week, the sixth straight weekly loss.The capesize index dropped 72 points…
World Seaborne Coal Trade Rose 0.7% in 2019
Seaborne coal trade around the world grew 0.7% last year, helped by higher output in China and Indonesia and more export activity by Indonesia, Australia, Russia and Canada, Germany's VDKI coal importers lobby said on Friday.Imports and exports, counted together, rose to 1.218 billion tonnes from 1.210 billion tonnes in 2018, VDKI Managing Director Franz-Josef Wodopia said in an speech made available to Reuters, citing VDKI estimates.Within the 2019 total, trade in coking coal used for steelmaki
AEGIR-Marine to Open Middle East Office
AEGIR-Marine has announced a new office in Dubai, UAE. The maritime stern tube seal and propulsion system service provider will now operate out of offices in the Netherlands…
Low-sulphur Fuel Sales Surge
The final quarter of 2019 marked a massive decline of high-sulphur fuel oil (HSFO) sales, as the industry transitioned into compliance of the International Maritime Organization's (IMO) 2020 Sulphur Cap (IMO 2020). In Singapore, the world’s largest bunkering hub, the bunker sale landscape saw significant change as the sale of high-sulphur fuel oil dropped tremendously in a matter of months. In contrast…
Beware of the Nominal Entity
Make sure you know who you are really contracting with.A famous U.S. politician once insisted that “it takes a village to raise a child.” That said, any marine operator will tell you that it takes an even larger village and a ridiculous number of contracts to operate a vessel, and even more to manage a fleet of vessels. To make our marine operations run, we have to agree to contracts that provide for the construction or charter of a vessel…
Kawasaki Delivers Newbuild Bulker
Japanese shipbuilder Kawasaki Heavy Industries (KHI) has delivered the bulk carrier FJ Viola, with a capacity of 61,000 DWT, for F.J.Lines Inc. at the Dalian Cosco KHI Ship Engineering Co., Ltd.
