Iran Invests $857Mn in Maritime Industry
Iran's Ports and Maritime Organization (PMO) has allocated 36 trillion rials (about $857.2 million) allocated 36 trillion rials ($857.2 million) to develop the country's maritime industry…
Enestas Plans First Dual LNG Terminal in Mexico
Mexican liquefied natural gas (LNG) company Enestas is planning to build the first first dual LNG and liquid ethane port terminal in Mexico.The new facility is located…
COVID-19: IMO Urges No Unnecessary Delays To Ships
The International Maritime Organization (IMO) has sent a letter to its member states amid the outbreak of the novel coronavirus asking them to undertake all possible…
THE Alliance Updates MESN
THE Alliance, which includes Hapag-Lloyd, Hyundai Merchant Marine (HMM), Ocean Network Express (ONE), and Yang Ming, announced updated details of its 2020 service network…
Fincantieri Teams-up with UAE's Marakeb
Italian shipbuilder Fincantieri and United Arab Emirates electronic firm Marakeb Technologies, have agreed to form a global partnership in the field of autonomous…
Northland Expands Offshore Wind Pipeline in Asia
Canadian power producer Northland Power will acquire Dado Ocean Wind Farm, a development company with multiple early-stage offshore wind development sites in South…
DP World Buys North American Terminal
Dubai-based port operator DP World announced it has completed the acquisition of Fraser Surrey Docks in Canada from Macquarie Infrastructure Partners (MIP) alongside…
Geoquip Marine Upgrades DP2 Vessel
Offshore geotechnical engineering and drilling company Geoquip Marine has announced the conclusion of an extensive conversion and upgrade to its most recently acquired…
Offshore Wind Turns Shipping to Green
Offshore wind and the shipping sector can reinforce each other to reach the Green Deal targets, says WindEurope.The European Wind Energy Association said that wind…
Kinemagic's Stratus Speeds Up Digital Twin Creation
Tech company Kinemagic, focused on developing augmented reality solutions for heavy industrial companies, has recently launched Stratus, a 3D VR/XR software solution that the company promises will shake up the digital twin industry. Stratus is an automated software program designed to save users’ time and money by identifying more design flaws before construction begins.According to Kinemagic, Stratus…
Hybrid drives: Siemens sends in the machines
Encouraged by the success of a hybrid drives program, Siemens is going all out in Norway to automate production of that core marine energy storage enabler, the lithium battery. Offshore service vessel charterers, rig owners, ferry operators and ship owners are the target market. Trondheim’s technical university and a recent history of hosting battery makers and system integrators has made it launchpad…
Insights: Jennifer Carpenter, AWO President & CEO
Jennifer A. Carpenter serves as President & CEO of The American Waterways Operators (AWO), the national trade association representing the inland and coastal tugboat, towboat and barge industry. Carpenter joined AWO in August 1990 and became President & CEO in January 2020. Before assuming her current position, she worked her way up the hawsepipe from Government Affairs Assistant to Executive Vice President & Chief Operating Officer…
BC Ferries' Newbuilds Ready for Trials
SAAM Towage Canada transported BC Ferries’ first two electric hybrid ferries from Ogden Point to Point Hope Maritime, where inspection and final testing will be conducted.Scheduled to begin operating mid-year, the ferries have 300-person, 47-vehicle capacity and feature low CO2 and noise emissions.The crews of the tugs Salish and Hyack were in charge of the operation, which spanned 80 nautical miles and lasted close to 26 hours from port to port.(Photo: SAAM Towage Canada)
High-pressure SCR System Seals Class Approval
MAKITA Corporation and MAN Energy Solutions have announced that the first ever PBST-branded and -built cluster-3 SCR-HP system has passed its ClassNK approval test at the MAKITA works in Japan.The most compact of its type in the market, the SCR system is one of four – originally ordered in 2018 and 2019 – for vessels featuring MAN B&W two-stroke engines with two now delivered and the others currently en route to customers.
SAL Heavy Lift Taps Inatech to Navigate IMO 2020
German fleet operator SAL Heavy Lift has hired Inatech, a unit of Glencore, to ensure compliance with new low-sulphur emissions rules and optimize bunker strategies.Inatech has seen increased onboarding of its ‘Smart Trader’ app, which enables companies to map entire fleets of ships and visualize and plan for best port to bunker given sea and port conditions to achieve lowest prices for the desired quality of fuel.
KPI Bridge Oil to Acquire OceanConnect Marine
KPI Bridge Oil announced it has agreed to acquire OceanConnect Marine, creating one of the largest independent marine fuels service and solutions providers in the worldSubject to the receipt of regulatory approval, the two companies will merge to form a new brand and entity, KPI OceanConnect, with a team of 170-strong operating across 15 locations globally.It is envisaged that KPI OceanConnect will…
HII Celebrates the Centennial Graduating Class
Huntington Ingalls Industries (HII) hosted commencement exercises on Saturday for 145 graduates of the company’s Apprentice School at Newport News Shipbuilding. The ceremony, held at Liberty Baptist Church Worship Center in Hampton, commemorated the school’s centennial graduating class.“Graduates of the 100th class of the Apprentice School, you know what it takes to do this amazing and important and difficult work,” said retired Adm.
Maersk to Raise HSFO Bunker Fuel Consumption to 25%
Danish shipping group A.P. Moller-Maersk plans to raise the proportion of high sulphur fuel oil it consumes from 10% to 25% by the year-end, CEO Soren Skou says.The world's largest container shipping firm consumed a total of around 11.80 million tonnes of shipping fuel last year.Maersk's current shipping fuel use comprises of around 10% ultra low sulphur (0.1%) fuel oil, 10% high sulphur fuel oil and the remaining 80% is low sulphur fuel oil. (Reporting Stine Jacobsen and Shadia Nasralla.
Madely Joins Ecochlor as VP of Global Service
Ecochlor announced the addition of Michael "Mick" Madely to fill a newly created position of Vice President of Global Service. Madely has had a full career in the global maritime industry with over 25 years of experience in senior management positions in both Commercial and Technical roles. He has extensive experience in Asia and the Middle East with a hands-on approach in leading sales and operations of world class capital equipment and engineering providers.
Higher Rates for Smaller Vessels Lift Baltic Index
The Baltic Exchange's main sea freight index edged higher on Monday as gains in the panamax and supramax vessel segments offset lower capesize rates.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, rose 9 points to 506 points.The panamax index climbed 24 points, or 3%, to 811 points, its highest since Jan. 21.The index registered its 13th straight session of gains.Average daily earnings for panamaxes…
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