DEME JV Wins Kiel Canal Contract
Belgian dredging group DEME has been awarded a contract as part of a joint venture for the widening of the Kiel Canal in Germany.Two DEME subsidiaries are to carry…
India to Buy Russian Crude Oil
Russian oil and gas giant Rosneft has signed a contract with India’s largest fuel retailer Indian Oil Corporation (IOC) for supply of 2 million tonne (MT) crude…
Silverstream in Retrofit Design Pact with ICE
United Kingdom-based maritime company Silverstream Technologies has entered into a framework agreement with European ship design consultancy International Contract…
ICE Wins AIP for FPSO Hull Design
European naval architecture and marine engineering consultant International Contract Engineering (ICE) group was awarded an Approval in Principle (AIP) by the American…
Vinalines to Join Global Shipping Alliances
The Vietnam National Shipping Lines Corporation (Vinalines) has set sights on joining the global shipping alliances (GSA).As part of this move, Vinalines will devise…
Vattenfall Steps Up Offshore Wind Market
Swedish multinational power company Vattenfall said that it had reached a number of important milestones during the year 2019. In Denmark the Horns Rev 3 (407 MW) wind farm was inaugurated…
ABS Grants AIP to KHI's LPG System
ABS, a global provider of classification and technical advisory services to the marine and offshore industries, has granted Approval in Principle (AIP) to Kawasaki Heavy Industries, Ltd.
Hapag-Lloyd Launches Reefer Monitoring Tool
The German company Hapag-Lloyd announced the adoption of a new real-time remote monitoring system for its reefer containers - Hapag-Lloyd LIVE.The tool increases…
NYK Orders 2nd LNG-Fueled PCTC
Japanese shipping and logistics company Nippon Yusen Kabushiki Kaisha (NYK) has placed an order to build a second LNG-fueled pure car and truck carrier (PCTC) with…
S.Korea Announces $690M Shipping Aid
South Korea' Financial Services Commission has announced 820 billion won ($690 million) in funding to help modernize aging passenger boats and cargo ships.According to a Yonhap…
Finnlines Ferry Trio to Go with Wärtsilä
Finnish corporation Wärtsilä will supply its hybrid power conversion system for three new roro ferries being built at the Nanjing Jinling shipyard in China for Finnlines…
Japan to Use Ferry for Quarantine as Virus Spreads
Japan's military prepared a chartered ferry on Wednesday to use as a quarantine ship that could house hundreds of suspected coronavirus cases as the number of infected…
SCHOTTEL to Supply Propulsion for Seabulk Newbuilds
German propulsion manufacturer SCHOTTEL announced it has been awarded a contract from Alabama shipbuilder Master Boat Builders to supply a total of six rudderpropellers for a pair of new tugs being constructed for U.S.-based Seabulk Towing Inc, a subsidiary of SEACOR Holdings Inc.Both Robert Allan Ltd.-designed newbuilds will feature the Advanced Rotortug (ART) design triangular propulsion system.The…
All American Marine Bags Tour Boats Order
All American Marine, Inc. (AAM) announced it has won a contract to build a pair of quad-jet sister vessels to expand Seward, Alaska-based Major Marine Tours’ fleet of wildlife and glacier cruise vessels that visit Kenai Fjords National Park. These 87’ x 32” Teknicraft Aluminum catamarans, will be certified USCG Subchapter “T” for 150 passengers.These semi-displacement catamarans were developed by Nic de Waal of Teknicraft Design in Auckland, New Zealand.
Philippines Ports Open to All Ships Despite Virus Fears
The Philippines said on Wednesday its ports remain open to all ships, even those from China, in order not to disrupt the cargo supply chain, but the crew of vessels arriving from the coronavirus-hit nation will be barred from disembarking.All foreigners traveling from China and its two special administrative regions - Hong Kong and Macau - are currently barred from entering the Philippines amid a fast-spreading coronavirus outbreak that has killed nearly 500 people in China.A Chinese man who arr
Coronavirus Paralyzes Oil, Gas Sales into China
Short-term sales of crude oil and liquefied natural gas into China almost ground to a halt this week as the coronavirus slows economic activity and cuts demand and buyers ponder legal action to avoid having to honor purchase agreements, trade sources said.Typically, trade would have revived after the Lunar New Year holiday at the end of January, but China has extended the break into February to try to contain the fast-spreading coronavirus…
Ukraine: Coronavirus Not Disrupting Grain Exports to China
Ukraine officials and traders do not expect the coronavirus epidemic to have an impact on the country's grain exports to China, although there are delays to transport and disruption to logistics throughout the country.China is a major importer of Ukrainian corn and sunflower oil."I see no reason to worry," said Mykola Gorbachev, the President of the Ukrainian Grain Association (UGA) traders' union."China is in the market…
Total Lubmarine Launches New Engine Coolant
Marine lubricants and greases supplier Total Lubmarine has introduced its new WT SUPRA Coolant, an environmentally friendly inhibitor concentrate featuring the manufacturer's patented carboxylate technology.The new coolant, Total Lubmarine says, delivers extended service life and superior corrosion protection, providing a path to reduce operating costs, increase reliability, mitigate engine risks and…
Capesize Index Turns Negative for the First Time Ever
Capesize index plummets to -133, the first time ever in negative territory – is it all up from here?The Baltic Exchange Capesize Index (BCI) dropped to -133 index points on February 4, 2020, turning negative for the first time ever on January 31, 2020. The composite BDI index (BDI), which has excluded the more stable handysize segment since March 2018, also dropped on February 4, 2020 to settle at 453 index points.The BCI has been on a freefall through the entirety of December…
Can 3D Printing Revolutionize Spare Parts Procurement?
Online e-procurement portal for marine spares and equipment ShipParts.com is taking part in a project to investigate how additive manufacturing, more commonly known as 3D printing, could revolutionize the way in which spare parts are procured and delivered.ShipParts.com has been operating for some five years, and has built up a client base of more than 1,800+ buyers and around 17,000+ sellers actively trading on the platform.
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