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LNG Shipping Rates Double Since End-August
Headline rates for shipping liquefied natural gas (LNG) in Pacific and Atlantic basins stand at around $140,000 to $150,000 a day for a 160,000 cubic meter LNG tri-fuel diesel electric (TFDE) vessel, brokers say.That is a 6-year high and compares to Atlantic basin rates of $75,000 at the end of August and around $95,000 at the end of September.Rates have jumped due to supply from new plants, longer distances traveled and anticipation of higher prices prompting shippers to lock in longer-duration
ABS Awards AIP to HHI’s Standardized FPSO Topside
The global provider of classification and technical advisory services to the marine and offshore industries ABS granted Approval in Principle (AIP) to Hyundai Heavy…
Tilbury Port to Capitalise on Opportunities to Boost Trade
Tilbury Port and the people that work there will play a major role in helping the UK to increase international trade after we leave the European Union.International…
Training Caribbean Maritime Women
A new mentorship scheme to encourage the next generation of women into the maritime sector has been launched at the annual conference of the Women in Maritime Association…
Ship's Guards Repel Pirate Attack off Somalia Coast
Security guards aboard a Hong Kong-flagged cargo ship repelled an attack by pirates in a gunbattle off Somalia's coast this week, the European naval force in the…
SDX Terminates Talks Over BP's Egyptian Assets
North Africa-focused oil company SDX Energy has terminated talks for a potential acquisition of assets in Egypt from the oil giant BP.A press release from SDX announced…
Carlyle Group Acquires EnerMech from Lime Rock Partners
Global alternative asset manager The Carlyle Group announces that it has agreed to acquire EnerMech Group Ltd, an international services company providing critical asset support to the energy…
Angola’s New Fishery Research Vessel Delivered
Damen Shipyards Galati has made provisional delivery of the 74-meter fishery research vessel Baía Farta to the Angolan Ministry of Fisheries. The vessel will remain in Galati until November, when she will set sail for Angola where the final delivery will take place.With a 1,600 km Atlantic coastline, the development of the domestic fishing industry is a priority of the Angolan government and it currently employs over 100…
UTEC Introduces New AUV Launch and Recovery System
UTEC, a global surveying company in subsea services group Acteon, recently commissioned its new launch and recovery system (LARS) for the fleet of seven autonomous…
Gulf Marine Services Bags New Contract
UAE-based Gulf Marine Services (GMS), a provider of self-propelled self-elevating support vessels (SESVs) serving the offshore oil, gas and renewable energy sectors…
Wärtsilä to Power Ponant's New Cruise Ship
Wärtsilä’s 31DF dual-fuel engine, which emphasizes outstanding efficiency, extremely economical fuel consumption and minimal emissions, has been selected to power a new polar ice-class luxury cruise vessel is being built for the France-based operator Ponant at Vard Søviknes, a part of VARD shipbuilding group in Norway.Because the 150-meter-long ship will operate in environmentally sensitive Arctic and Antarctic waters, it will operate primarily on LNG.
Wan Hai Lines Joins INTTRA’s Network
Taiwan shipping company Wan Hai Lines has joined INTTRA, the neutral network, software and information provider at the center of the ocean industry. This addition…
ONE, Hapag-Lloyd Partner for Feeder Services
Japan's Ocean Network Express (ONE) and Germany's Hapag-Lloyd have agreed to share space on their feeder services.As the first step, the cooperation will cover specific Intra-Europe (BAX, NBS, NPX, REX, SDX, ADX, LEX) and Intra-Asia (BHX, HAS, PID) feeder trade lanes. The carriers have already ushered in a new Intra-Asia service, the Bohai Feeder (BHX) in August and will further introduce a new Intra-Europe service…
Ancient Shipwrecks Found in Greek Waters Tell Tale of Trade Routes
Archaeologists in Greece have discovered at least 58 shipwrecks, many laden with antiquities, in what they say may be the largest concentration of ancient wrecks ever found in the Aegean and possibly the whole of the Mediterranean.The wrecks lie in the small island archipelago of Fournoi, in the Eastern Aegean, and span a huge period from ancient Greece right through to the 20th century. Most are dated to the Greek…
Ensco to Buy Rowan in $2.38 Bln Deal
Offshore driller Ensco Plc said on Monday it plans to buy smaller rival Rowan Cos Plc in an all-stock deal valued at $2.38 billion, as it looks to expand its fleet and benefit from a partnership with Saudi Aramco.This is Ensco's second deal since OPEC-led efforts boosted oil prices in the second half of 2016. Ensco bought rival Atwood Oceanics in a similar deal last year.Rowan shareholders will receive 2.215 Ensco shares for each share held.
Build It and They Will Buy: The New World of LNG Canada
The first major liquefied natural gas (LNG) project to be approved globally in five years will be built in Canada, but its underlying philosophy appears to be more closely allied to the Australian concept of "she'll be right, mate."The LNG Canada project was given the green light on Tuesday by Royal Dutch Shell, which is leading the $31 billion venture along with partners Petronas, Mitsubishi, PetroChina…
Women Empowerment in African Maritime
Africa's Blue Economy, job opportunities, mentorship, marine environmental protection and addressing gender-based violence, were at the core of the 9th regional…
Tim Kelly is the New CEO of Adriatic LNG
Tim Kelly has replaced Suresh Jagadesan as the Managing Director of Adriatic LNG, which operates the regasification terminal located offshore from the Veneto coast.Before joining Adriatic LNG…
A Containership Goes Green With Vesconite
When the stern tube bearing on the 490' x 75' container ship M/V Marine Rickmers began to fail, Durban, South Africa-based Elgin Brown & Hamer (EBH South Africa) replaced it with state-of-the-art, pollution-free Vesconite. The innovative self-lubricating polymer is far superior to oil-lubricated lignum vitae, white metal and composite bearings, especially with the implementation of ever more stringent environmental regulations.Vesconite doesn't swell in water and machines to +/-0.001"…
My Friend The Sea
My Friend the Sea is a story about growing up at sea, set against the background of ships and the beauty of the oceans. It's a tale of ambition, adversity and dealing with prejudice. Packed full of adventures and stories of traveling the world on ships, visiting far off lands, and meeting all manner of people, including eccentric distant relatives in Australia, a drunken captain, another who was a tyrant…
Maritime Piracy in the Horn of Africa:
Narco-Submarines: The Hidden Depths of Drug Trafficking
Drug Smuggling on Ships and Submarines: An Escalating Threat
Maritime Piracy
Houthi Rockets Wreak Havoc on Middle East Container Shipping
Maersk revises profit forecast upwards due to robust demand and disruptions in the Red Sea.
Global Shipping Carriers Are Feeling the Impact of the War in Ukraine and the Middle East
Houthis Declare All-Out War on Israeli Shipping, Vowing to Strike Beyond Red Sea
Injustice at Sea: Greek Court Drops Charges in Deadly Migrant Shipwreck
