Maritime Industry Top News
Hapag-Lloyd Commits to EGCS Retrofitting
German container shipping major Hapag-Lloyd announced its plan to retrofit ten vessels with Exhaust Gas Cleaning Systems (EGCS). Ten Hamburg Class vessels (13,000…
Ship Operating Costs Rise for Second Successive Year: Drewry
As the cost inflation is set to accelerate on higher insurance premiums, average vessel operating costs rose modestly for the second year in succession following two years of marked declines…
West Africa to Promote Electronic Data Exchange for Vessels
Ships and ports will need to be able to exchange arrival and departure data electronically from April 2019, under International Maritime Organization (IMO)'s Facilitation…
Kalmar Announces Center for Technological Innovation in Sweden
Kalmar, part of Cargotec, has officially inaugurated its new Innovation Centre in Ljungby, southern Sweden.Approximately 200 people will be based at the state of…
Diana Shipping Buys Back its Sold Shares
Athens-based shipowner Diana Shipping announced the commencement of a tender offer to purchase up to 4,166,666 shares, or about 3.86%, of its outstanding common…
Nordic American Tankers Sells Two Vessels
Bermuda-based tanker ship operator now finishes the year with another sale of ships netting USD 20 million. The company has been on a selling spree in this summar."We…
Heerema Fabrication Group Sells UK and Netherlands Yards
Dutch offshore construction and engineering company Heerema Fabrication Group (HFG) intends to divest a significant part of its activities in the field of design…
Sapura Energy Wins Contracts in Mexico, Malaysia
Malaysia-based integrated oil and gas services Sapura Energy Berhad has strengthened its presence in Mexico and Malaysia with new contract wins valued at approximately…
Teledyne Bowtech Supplies Deepwater Lamps to Triton Submarines
Teledyne Bowtech, which specializes in the design and manufacturing of underwater vision systems, announced the supply of modified LED-V-Series deep water lamps…
Alaska Marine Lines Expands to Arctic Ports
Alaska marine transportation company Alaska Marine Lines said that it is expanding its service from Seattle and Anchorage to the Arctic Region in 2019.Bowhead Transport…
Samsung Heavy Uses Eco-friendly Paint for Vessels
South Korea's shipbuilder Samsung Heavy Industries has applied a solvent-free coating on its liquefied natural gas (LNG) carrier, saying it is the first case of…
Hapag-Lloyd unveils "Strategy 2023"
As the liner industry has come to a turning point following a period of consolidation, Hapag-Lloyd unveiled its five-year strategy, prioritizing profitability, service…
Europe to Fund ‘SkillSea’ Project in Maritime Sector
The European Commission said it will co-finance the project ‘Futureproof Skills for the Maritime transport sector (SkillSea)’.The project aims to develop strategies…
Exmar Bags FLNG Contract from YPF
Belgium's Exmar and YPF of Argentina announced the signing of a firm, ten-year agreement to deploy Exmar’s barge-based floating LNG liquefaction unit (FLNG) currently…
Bomin Sells Belgium Bunker Ops
Bomin Group, a supplier of marine fuels, has agreed to sell its Belgium operations to certain individuals of the Somers family, controlling the tanker shipping company…
Cosco-PSA Terminal JV Adds Two New Berths in Singapore
China's Cosco Shipping Ports and PSA Corporation signed a memorandum of understanding (MoU) for the addition of two new berths at the Cosco-PSA Terminal in Singapore.With…
CPC Marine Terminal Loads 500 MT of Kazakh Oil
Half a billion tones of oil delivered by Kazakhstani Shippers to the Tengiz-Novorossiysk crude pipeline since the commencement of operation of CPC pipeline system…
Diana Shipping Fixes m/v Alcmene with BG Shipping
Greece-based Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with BG Shipping Co., Limited…
Detyens Shipyards Employees Feast Early
As is tradition, Detyens Shipyards hosts an annual Thanksgiving feast at the shipyard for its workers, the occasion used to also distribute the annual performance bonus checks for every employee. Per Maritime Reporter & Engineering News’ recent interview with D. Loy Stewart, Jr., owner of Detyens Shipyards, this year’s bonus pool provided each worker with the equivalent of approximately six weeks of pay.https://www.marinelink.com/news/shipyard-report-detyens-shipyards-444167
SBM Orders Second Fast4Ward FPSO Hull
SBM Offshore signed a contract Wednesday for a second hull in its planned series of Fast4Ward floating production, storage and offloading units (FPSO) with Chinese shipyard Shanghai Waigaoqiao Shipbuilding and Offshore Co., Ltd. (SWS).The order, which coincides with a keel laying ceremony for SBM's first Fast4Ward hull at the Shanghai shipyard, has been made before any engineering, procurement and construction (EPC) contract for the second hull.
