Egypt Reopens Two Mediterranean Ports
Egypt on Saturday reopened the harbors of two of its Mediterranean ports, Alexandria and Dekheila, which had been shut due to bad weather, the Alexandria Port Authority said.The harbors were shut on Friday 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.The port authorities on Saturday ordered moored ships to enter the harbors according to their mooring
Britain's Navy to Escort UK Ships Through Strait of Hormuz
Britain's navy will accompany UK-flagged ships through the Strait of Hormuz to provide protection after the U.S. killing of Iranian military commander Qassem Soleimani inflamed tensions in the region.Britain's defence minister, Ben Wallace, ordered the HMS Montrose and HMS Defender to prepare to return to escort duties in the major oil shipping route as Prime Minister Boris Johnson came in for criticism…
US Coast Guard Vessel Capsizes
A U.S. Coast Guard vessel capsized on Saturday with four crew members aboard near Pier 39 in Astoria, Ore.Four Coast Guardsmen were aboard the 26-foot Coast Guard Trailerable Aids to Navigation Boat conducting routine operations when the vessel reportedly encountered a series of heavy wakes that came over the bow, which resulted in an unrecoverable starboard list that capsized the vessel, the Coast Guard said.At 11:39 a.m.…
KR Appoints New Chairman & CEO
The Korean Register (KR) has appointed Hyung-chul Lee as its 24th Chairman & CEO. His term began on December 23, 2019 and runs for three years until December 22, 2022.Hyung-chul Lee joined KR in 1988 and has until now held the position of Executive Vice President of KR. He was elected as Chairman & CEO at KR’s General Assembly meeting held on December 23.Over his 30 years with KR, Hyung-chul Lee has held many senior roles…
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…
