Fourth Iranian Tanker Docks in Venezuela
The Venezuelan navy said it escorted a fourth tanker bringing Iranian fuel through its waters on Thursday, while the United States called the shipments to the gasoline…
Bollinger Delivers USCGC Myrtle Hazard
Bollinger Shipyards has delivered the USCGC Myrtle Hazard to the U.S. Coast Guard in Key West, Fla. This is the 162nd vessel Bollinger has delivered to the U.S. Coast Guard over a 35-year period and the 39th Fast Response Cutter (FRC) delivered under the current program.The USCGC Myrtle Hazard is the first of three FRCs to be home-ported in Apra Harbor, Guam, increasing the presence for the U.S. Coast Guard in the Indo-Pacific Theater.
Parched Parana River Likely to Hit Argentine Grain Exports through September
Shallow water in Argentina's Parana River will slow exports and hurt the country's soy crushing margins at least through September, officials said, as more cargo ships are needed to carry the same amount of commodities.Drought has pushed the Parana to its lowest level in decades, complicating transportation and soymeal production.An increasing number of ships are running aground and higher costs are…
Shipping Industry Goes Digital in Lockdown
The coronavirus lockdown has accelerated a digitalization drive in a global shipping and logistics sector that still routinely delivers many documents by bike messenger in some countries, according to industry leaders.Ports operator DP World said on Thursday it would join shipping company Maersk and other peers in a blockchain platform aimed at limiting the sector's costly paper trail."The situation around the coronavirus is a very good catalyst for making sure everyone in the supply chain can c
Record Engine Powers World’s Largest Containership
Everything about the HMM Algeciras is big, including the power output of its MAN B&W 11G95ME-C engine – the mightiest ever built by Germany-based MAN Energy Solutions.The 23,964 TEU containership is the largest ever built, recently launched for South Korean shipping company HMM at the Daewoo Shipbuilding and Marine Engineering (DSME) Okpo shipyard in Geoje, Korea. The newbuild measures 400 metres in length and 61 meters in beam…
Svitzer Names Kasper Friis Nilaus CEO
Towage operator Svitzer announced its Board of Directors has appointed Kasper Friis Nilaus, VP and current Managing Director (MD) of Svitzer Europe, to succeed Henriette Thygesen as global CEO of Svitzer A/S, effective June 15.Going forward, Nilaus will continue to report to Thygesen in her capacity as CEO of Maersk Fleet and Strategic Brands. Svitzer A/S remains a fully-owned AP Moller-Maersk company.Nilaus…
EPS Orders Gas Carrier Trio from Hyundai Mipo Dockyard
South Korean shipbuilder Hyundai Mipo Dockyard has secured an order for three medium sized gas carriers (MGC) from Singapore's Eastern Pacific Shipping (EPS).EPS says it has reached an agreement with Norwegian energy company Equinor for the time charter of three liquefied petroleum gas (LPG) dual-fuel propulsion newbuilds, which are scheduled to be delivered in 2022.The three vessels will add to EPS'…
Paddy Rodgers Joins V.Group Board
Ship management and services company V.Group announced that Paddy Rodgers has been appointed as a non-executive director.Rodgers had been CEO of Euronav for almost 20 years before stepping down from the post in 2019. Under his leadership Euronav grew from a family operation with 17 vessels to one of the largest international tanker companies with 73 vessels. He is currently Director at the Royal Museums Greenwich…
APL England Detained After Dropping Containers off Australia
A Singapore-flagged containership that lost at least 40 containers overboard off the coast of Sydney has been detained by authorities in the Port of Brisbane after Australian inspectors found inadequate lashing arrangements for cargo and heavily corroded securing points for containers on deck.APL England had been en route from Ningbo, China to Melbourne on Sunday when it rerouted to Brisbane after…
Drydocks World Cuts First Steel For Dutch Wind Farm Substation
Dubai's Drydocks World shipyard has cut first steel for the HVAC Transformer Station Topside, named Hollandse Kust Zuid (HKZ) Beta.This is the third such unit that Drydocks World will be constructing for Petrofac and end-client TenneT, and the second project for the HKZ offshore wind farm, as it is also building the Alpha HVAC substation.The HVAC platform will form part of a renewable energy wind farm, located in the HKZ grid connection in the Dutch sector of the North Sea.
Tech Talk: Algorithm Aims to Assist Ocean Search and Rescue
Search & Rescue algorithm identify hidden “traps” in ocean waters, helping to more quickly identify regions where objects — and missing people — may have converged.The ocean is a messy and turbulent space, where winds and weather kick up waves in all directions. When an object or person goes missing at sea, the complex, constantly changing conditions of the ocean can confound and delay critical search-and-rescue operations.Now researchers at MIT…
China, India Soak Up Oil from Floating Storage as Demand Picks Up
The volume of crude stored on ships in Asia has come off the peaks seen earlier this month on a recovery in demand in China and India, trade sources and analysts said. A total of 3.4 million tonnes (24.8 million barrels) of crude oil was discharged from floating storage into Asian markets in the past seven days, with China the top destination at 1.8 million tonnes and India second at 842,679 tonnes, according to oil analytics firm Vortexa.
Subsea 7 to Cut 3000 Jobs, Reduce Vessel Fleet
Offshore installation and construction specialist Subsea 7 will cut 3000 jobs by 2021, and reduce its active vessel fleet, it said in a statement on Thursday.Subsea 7 a month ago said that with the deterioration in the outlook for new oil and gas awards, it would "resize" the business to save $400 million in annual cash costs by the second quarter of 2021.It on Thursday said: "It is envisaged that the overall reduction in headcount would be approximately 3…
Pacific International Lines Secures Debt Deal
Singapore-based container ship operator Pacific International Lines Pte (PIL) has agreed with most of its financial lenders to defer debt payments and is in talks…
Migrants Stuck on Cargo Ship Debark in Libya
At least 90 migrants who were returned to Libya after being rescued at sea while attempting to cross the Mediterranean to Europe were disembarking in Misrata on Wednesday after spending two nights on board, the U.N.
Nakilat Transitions LNG Carrier to In-house Management
Qatari shipping company Nakilat said it has assumed full ship management and operations of Q-Flex liquefied natural gas (LNG) carrier Al Kharaitiyat from Shell Trading and Shipping Company Limited with effect from Wednesday, as part of the second phase of its planned fleet management transition program.With a cargo carrying capacity of 216,300 cubic meters, Al Kharaitiyat is wholly-owned by Nakilat and chartered by Qatargas.
Pangaea Takes Top Spot in Dry Bulk Benchmark Study
For the second year straight, US-based Pangaea Logistics ranks highest among dry bulk owners based on Time Charter Earnings (TCE), according to a recent market benchmarking report.Notably…
LADAR: Laser Sensor Technology for the Maritime Industry
Research scientist and entrepreneur Sverre Dokken believes laser-based remote sensing has big potential in the maritime domain. But what is LADAR, who’s it for and what are the key benefits?“Our mission is to be the world leader in innovative maritime sensor products that enhance the safety and security of shipping and all manner of offshore activity,” says Ladar Ltd (LDR) principal Sverre Dokken.In the sensor vanguardEssentially a laser-based navigational aid…
China Bought 10+ Cargoes of Brazilian Soy This Week
China has bought over 10 cargoes of Brazilian soy this week, as its trade tensions with the United States continue to rise causing Beijing to look towards securing supplies, Bloomberg News reported on Wednesday, citing people familiar with the matter.Brazil is the top supplier of soybeans to China, the world's biggest buyer of the beans.The development comes amid increasing tensions between the United States and China over the handling of the coronavirus outbreak and the more recent Chinese prop
WinGD’s Dual-fuel 12X92DF Engine Gains BV Type Approval
The biggest and most powerful liquefied natural gas (LNG)-fueled engine ever built has received type approval from classification society Bureau Veritas (BV), Switzerland-based engine manufacturer Winterthur Gas & Diesel (WinGD) said on Wednesday.BV awarded the approval for WinGD’s dual-fueled 12X92DF engines, the first series of which is currently being built by China State Shipbuilding Corp (CSSC)…
