Maritime Industry Top News
Richard Mueller Named Fellow by SNAME
NETSCo president and CEO Richard A. Mueller has been nominated by his peers and approved by the Fellows Committee to be elevated to Fellow membership in the Society of Naval Architects and Marine Engineers (SNAME). Mueller has been a SNAME member for more than 39 years and has held various elected positions including four terms as Chairman for the Great Lakes/Great Rivers Section, F.V.P. of Planning/Public…
Euroseas Announces Time Charter Contracts
Euroseas Ltd. The new charters will commence on April 9 for the EM Athens and April 7 for the Manolis. Euroseas typically announces charter arrangements of a year or longer duration.
#BTC100 History
In 2011, Bouchard Transportation Co. establishes the Morton S. Bouchard Jr. Memorial Scholarship fund, which is designed to recognize deserving cadets who demonstrate the achievement and leadership ability to successfully pursue a career in the petroleum barge industry. The scholarship has since been formed at SUNY Maritime College, Massachusetts Maritime Academy, and Texas A&M University at Galveston.
Baltic Index Down for Fifth Straight Session
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday for a fifth consecutive session weighed by falling rates across vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 39 points, at 977 points, its lowest since Aug. Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, were down $536 to $7,211.
Jan-March Oil Shipments from Georgia's Batumi Down 54 pct
Oil and oil-related shipments from Georgia's Black Sea port of Batumi fell 53.7 percent between January and March from a year earlier, an official at the KazMunaiGas-operated terminal said on Wednesday. The official said some volumes of crude oil had been rerouted to the Baku-Tbilisi-Ceyhan pipeline and to the Caspian Pipeline Consortium this year, while some fuel oil had been sent to the port of Taman in Russia and Georgia's other Black Sea port of Kulevi.
Marlink Expands VSAT Coverage in the Indian Ocean
Marlink has added a new satellite to its global multi-band Sealink network, expanding its footprint in the Indian Ocean Region (IOR) and introducing even more Ku-band VSAT capacity to enable high-speed broadband connectivity for ships transiting southern routes between Asia and Africa, in addition to fishing vessels operating east of Africa’s coastline and out towards the Maldives and Seychelles. The…
Multipurpose Shipping Eyes Recovery -Drewry
The multipurpose shipping market, including the breakbulk and project cargo sectors, has struggled over the last few years, but conditions are ripe for recovery, according to a recent report from shipping consultancy Drewry. A strong start to 2018 in the multipurpose shipping segment is expected to continue as the sector’s recovery advances further on increasing demand, contracting vessel supply and shrinking threats from competing sectors…
BP eyes 119 LNG Cargoes Annually From Indonesia
Oil major BP is targeting shipping 119 cargoes of liquefied natural gas (LNG) from its Tangguh project in Indonesia's West Papua province this year, including 22 for the domestic market…
General Dynamics wins Columbia-Class Submarine Deal
The U.S Navy has awarded General Dynamics Electric Boat a $126.1 million contract modification to continue development of the Common Missile Compartment for the U.S.
Vard Inks LOI for Viking Cruise Vessels
Fincantieri subsidiary Vard Holdings Limited has signed a Letter of Intent for the design and construction of two special cruise vessels for Viking, with an option for two more vessels.
Hamburg Süd, Electrolux partner for SO2 Reductions
Hamburg Süd and its Swedish customer Electrolux are teaming up to reduce sulfur dioxide emissions in ports. During its layovers in Manzanillo, Mexico; Callao, Peru…
World's First Autonomous Shipping Company Formed
The road toward autonomy has taken a major step with the announcement that Wilhelmsen and Kongsberg are collectively taking the next step in autonomous shipping by offering a complete value chain for autonomous ships, from design and development, to control systems, logistics services and vessel operations. The new venture is dubbed "Massterly". What is Massterly? The Massterly plan is to have land-based control centers monitor and operate autonomous ships globally…
Maybulk to Sell its Stake in POSH
Malaysian Bulk Carriers Bhd (Maybulk) plans to sell its entire 21.23% stake in Singapore-listed PACC Offshore Services Holdings Ltd (POSH) to its own shareholders, reported The Star.
Pacific Calls For Decarbonising Shipping By 2050
In a comprehensive analysis of what is needed to decarbonise international shipping by 2035, the report recommends setting a clear, ambitious emissions-reduction…
Abu Dhabi Ports, EGA Open Freight Station at Khalifa Port
Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside oil and gas, and Abu Dhabi Ports have opened a facility which…
TI Blames IMO’s Weak Governance on Climate Change Action
Weak governance at the International Maritime Organization (IMO) is delaying the shipping sector’s action on climate change, according to Transparency International.
Maersk Line New Services at Kakinada Port
Maersk Line India announced the introduction of Export and Import service offerings at Kakinada port in Andhra Pradesh. This End to End service (Store Door) will…
Scorpio Bulkers Gets Loan for Kamsarmax
Monaco-based international shipping company Scorpio Bulkers said it has received a commitment for a loan facility of up to $12.75 million from a leading European…
Drewry Predicts Modest Growth for Container Shipping
The outlook for the container shipping market in 2018 and 2019 is a combination of healthy demand growth that will outpace the fleet; resulting in a better supply…
Main Iron Works Building New Towboats for Kirby
Houma, La. shipbuilder Main Iron Works has secured contracts to build four inland push boats for Kirby Inland Marine. The four 2680 BHP twin propeller conventional towboats will measure 88’x35’x12’2” and will join Kirby’s inland towboat fleet for the transportation of a variety of petrochemicals, refined products, oils and liquid fertilizers. Work on the new vessels is already underway, with completion dates scheduled between August and December 2018.
