Op/Ed: What Good Boats Can Do
Stay in your lane. Ignoring such wisdom can result in catastrophe if you’re drag racing and lead to general unpleasantness on bowling league nights. This same guidance in other circumstances, for example, can be toxic. It can inhibit innovation and, at the worst possible moment, prevent the sensible use of available resources to improve a bad situation.In satisfying the demands of the offshore energy sector, the U.S. maritime industry has developed incredibly versatile tools.
HMD Confirms Evergreen Boxship Order
South Korean shipbuilder Hyundai Mipo Dockyard (HMD), a unit of Hyundai Heavy Industries (HHI), has confirmed the KRW 110 billion ($100m) newbuilding order for four units of 1…
MTS Appoints Dr. Josh Kohut as VP
The Marine Technology Society (MTS) announced that its membership has elected Dr. Josh Kohut, a professor at Rutgers University at the Center for Ocean Observing Leadership…
DSME Targets $6.8Bn in Deals for 2020
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co (DSME) is targeting deals worth more than $6.88 billion in 2020, said a report by Yonhap.DSME…
Energean, DEPA Pact for EastMed Pipeline
UK-based international oil and gas exploration and production company Energean Oil & Gas and the Public Gas Corporation of Greece (DEPA) have agreed to cooperate…
Toshiba Delivers Fuel Cell System to Ship
The provider of energy industry solutions Toshiba Energy Systems & Solutions Corporation (Toshiba ESS) announced that the company has delivered a mobile 30kW hydrogen fuel cell system…
TOP Ships Sells 2 MR1 Product Tankers
TOP Ships, an international owner and operator of modern, fuel efficient ECO tanker vessels, announced that it has sold to unaffiliated third parties its two Medium…
Adani Buys 75% Stake in Krishnapatnam Port
Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest private sector port operator, has agreed to buy a 75% stake in Krishnapatnam Port Co. Ltd (KPCL) at an enterprise value of INR 13…
SGRE Reaches $1.9Bn Green Guarantee Lines
Siemens Gamesa Renewable Energy (SGRE) has announced that in less than a year, and aligned to its commitment to sustainability it has accumulated €1.72 billion ($1.9Bn)…
HHI Projects a Revenue of $15.9Bn in 2020
South Korean shipbuilder Hyundai Heavy Industries (HHI) Group, which includes the world's largest shipyard, aims for a revenue of USD 15.9 billion in 2020.Yonhap…
For Fireboats, The Heat is On
These days, cost-conscious municipalities across the fruited plain, from sea to shining sea, are ordering new waterborne assets to cover their many local responsibilities.
Egypt Shuts Two Med Ports Due to Bad Weather
Egypt on Friday closed the harbors of two of its Mediterranean ports, Alexandria and Dekheila, due to bad weather, the Alexandria Port Authority said.The harbors were shut due to high waves and wind speeds, preventing ships from entering or leaving the ports, though loading and unloading within the ports was continuing normally, the authority said in a statement. (Reporting by Ahmed Salem in Alexandria Writing by Aidan Lewis; editing by David Evans)
Baltic Index Hits 8-month Low
The Baltic Exchange's main sea freight index touched its lowest level in eight months on Friday, weighed down by weak demand across all vessel segments.* The Baltic index…
Venezuela Alters Oil Royalty Formulas, Driven by IMO 2020
Venezuela has changed the formulas for calculating royalties energy companies pay the government to remove references to fuel oil and some crude grades, driven by stricter rules governing marine fuel emissions, according to a document seen by Reuters.A ban by the United Nations shipping agency, the International Maritime Organization (IMO), on the use of fuels with a sulfur content above 0.5%, aimed at reducing pollution…
Search for Missing Bulgarian Sailors Ends
The Norwegian authorities on Thursday suspended wider search and rescue operations for two Bulgarian sailors who officials say fell overboard from a cargo ship in the Norwegian Sea, the Bulgarian fore
Indonesia Boosts Patrols After Chinese 'Trespass'
Indonesia has increased patrols around islands near the disputed South China Sea after a Chinese coast guard vessel "trespassed" into Indonesia's exclusive economic zone, authorities said on Friday.The Chinese vessel entered waters off the coast of the northern Natuna islands in mid-December, leading Indonesian foreign ministry to issue a “strong protest” and summon the Chinese ambassador in Jakarta.Speaking in Beijing on Tuesday…
APSEZ to Buy 75% Stake in Krishnapatnam Port
Adani Ports and Special Economic Zone (APSEZ) said on Friday it would buy a 75% stake in Krishnapatnam Port Co Ltd (KPCL) for an enterprise value of 135.72 billion rupees ($1.89 billion).The deal will take its domestic market share to 27% from 22% on a pan-India basis, the company said in a filing to exchanges.The port, located in the south eastern state of Andhra Pradesh, is the second-largest private…
Two Rescued from Disabled Sailboat
The U.S. Coast Guard rescued two mariners from their disabled sailing vessel, Rhapsody, approximately 288 miles east southeast of Corpus Christi, Texas, Thursday afternoon.Watchstanders at the Eighth Coast Guard District command center received an emergency position indicating radio beacon alert at 2:13 a.m. Watchstanders directed the launch of a Sector/Air Station Corpus Christi HC-144 Ocean Sentry aircrew and diverted the LPG tanker Sahara Gas to investigate the location.Once on scene…
ENA Shogun Signed On One-year Deal
Anchor-handling tug supply (AHTS) vessel ENA Shogun will commence a one-year project (+options to proceed further) with a Bruneian oil company, primarily supporting semi-submersible rigs in their fleet.VOS Singapore said it has secured a third-party ship management contract with a Bruneian offshore support vessel (OSV) owner/operator Lantana Services Sdn Bhd.ENA Shogun is a 200TBP, 16,314bhp, DP2, FIFI1, 2011-built AHTS vessel.Left to right: Ernest Loh, Business Manager, VOS Singapore; Sivakumar
KN Bags $148Mn Loan for its LNG Terminal
The Nordic Investment Bank (NIB) and Lithuanian liquefied natural gas (LNG) and oil terminal operator AB 'Klaipedos Nafta' (KN) have signed a EUR 134.1 million (USD…
