Maritime Industry Top News
Concordia Maritime Charters Two More MR Vessels
Swedish tanker owner Concordia Maritime has chartered in two more MR (ECO) vessels, while also extending the contracts for two of the currently chartered MR (ECO) vessels by a further year.
Eagle Bulk Shipping Adds New Ultramax
U.S. based owner of Handymax dry bulk vessels Eagle Bulk Shipping has announced that it has taken delivery of its newly acquired vessel, the M/V New London Eagle, a 2015-built CROWN-63 Ultramax.
Chabahar Port "Win-Win" Situation for India, Iran
Chabahar Port was very important for both India and Iran, and offered a win-win situation to both countries, Indian Minister of Shipping Nitin Gadkari said. A government…
TEN Sells, Leaseback Two Suezmax Tankers
Greece-based Tsakos Energy Navigation (TEN) has announced that it has sold for $65.2 million gross, through a five-year sale and leaseback transaction, the 2005…
German Boxship Collides with Crane at Keelung Port
A German-flagged container ship Hansa Meersburg ran into a crane while berthing at Keelung Port, Taiwan resulting in the damage of containers and port infrastructure, CNA reported.
Andreas Silcher Negotiates LNG Carrier Contracts
Partner Andreas Silcher in Haynes and Boone’s London office represented TMS Cardiff Gas in its contract with Hyundai Heavy Industries of Korea (HHI) for the construction of one 174…
Bahri Dry Bulk Secures Newbuild Finance
Bahri Dry Bulk, a business unit of global transportation and logistics leader Bahri, has announced that it has secured a Sharia-compliant funding of SAR 360 million (USD 96mln) from Bank Albilad…
GasLog Partners Eyes USD 97mln through IPO
US based LNG carrier GasLog Partners is expecting to raise up to USD 97 million by selling shares to finance future fleet expansion. The New York-listed spinoff…
Attack on Saudi Oil Tanker Thwarted
The Saudi-led coalition fighting in Yemen said on Wednesday it had thwarted an attack on a Saudi oil tanker over the weekend by Houthi fighters near the Red Sea port of Hodeidah. The coalition destroyed a boat carrying explosives as it headed towards the tanker on Saturday, coalition spokesman Colonel Turki al-Maliki said. Yemen lies on the southern mouth of the Red Sea, one of the world's most important trade routes for oil tankers…
Iranian Warship Crashes at Caspian Port, Two Crew Missing
An Iranian warship crashed into concrete wave breakers at a port in the Caspian Sea and two of its crew members are missing, according to local media reports. The 100-meter long warship…
Woodruff Named American Maritime Partnership President
The American Maritime Partnership (AMP) today announced the election of Matt Woodruff of Kirby Corporation as its new President. He succeeds Thomas A. Allegretti, President & CEO of The American Waterways Operators. “Leading the American Maritime Partnership – which speaks for the half a million American men and women whose employment depends on the domestic maritime industry – is a great honor. Our vibrant domestic maritime industry is an essential foundation for America’s economic…
Trump Offshore Oil Proposal Could Unlock 65 Bln BOE
The Trump administration's proposal to open up almost all of U.S. offshore waters to oil and gas drilling could unlock up to 65 billion barrels of oil equivalent (boe), attracting billions of dollars in investment, consultancy Rystad Energy said. Last week, U.S. Interior Secretary Ryan Zinke said a draft program would make over 90 percent of the outer continental shelf's total acreage available for leasing to drillers, a national record.
After Florida, more States Press US for Offshore Drilling Exemptions
Governors and other officials from several U.S. coastal states ramped up pressure on the Trump administration on Wednesday to exempt their waters from an offshore drilling plan, hours after the Interior Department granted Florida's request to opt out. The backlash could complicate President Donald Trump's efforts to expand oil and gas production offshore. A proposed leasing plan unveiled last week aims to open up all U.S. coasts to drillers over the next five years.
GE Marine Gas Turbine for New US Navy Destroyer
GE’s Marine Solutions said it has shipped a LM2500 marine gas turbine propulsion module that will help power the U.S. Navy’s 75th DDG Arleigh Burke-class destroyer Jack H. Lucas (DDG 125), the company reported at the Surface Navy Association’s 30th Annual Symposium. Shipbuilder Huntington Ingalls Industries’ Ingalls Shipbuilding division will construct this new destroyer with U.S. Navy Flight III upgrades incorporated.
Maritime Piracy Activity is at a 22-year Low -Report
Global maritime piracy activity fell to its lowest level in over two decades, according to the latest International Maritime Bureau (IMB) report. The 180 incidents of piracy and armed robbery against ships reported to the International Chamber of Commerce’s (ICC) IMB in 2017 was the lowest annual number since 1995, when 188 incidents were reported. According to the IMB, pirates boarded 136 vessels in 2017, while 22 attacks were attempted, 16 vessels fired upon and six vessels hijacked.
Fairbanks Morse to Power US Navy's LPD 29
Fairbanks Morse said it has been awarded a contract to build and deliver the main propulsion diesel engines (MPDE) that will power LPD 29, the U.S. Navy’s thirteenth San Antonio landing platform dock (LPD) class ship. Construction of the engines will begin in 2019 for scheduled delivery to Huntington Ingalls Shipbuilding in Pascagoula, Miss. in 2020. Fairbanks Morse will also support installation, testing and sea trials for the vessel.
Rhine in Germany Reopens as Water Levels Recede
The river Rhine in Germany was reopened to shipping on Wednesday after a fall in water levels, the German inland navigation authority said. The river was closed…
Coast Guard Rescues Family from a Mudslide
The U.S. Coast Guard said it conducted multiple rescues during a mudslide response in Santa Barbara County, Tuesday. At approximately 9 a.m., Tuesday, a Coast Guard Sector San Diego MH-60 Jayhawk helicopter crew launched to assist Santa Barbara County Fire Department with rescues after heavy rains caused mudslides in the Santa Barbara County area. At approximately 11:30 a.m., the Jayhawk crew was notified of a family needing assistance in Carpentaria, Calif.
Port Hedland May Clear Ships as Storm Builds off Australia
Giant iron ore port may close as Australian storm builds. Vessels may be cleared from Australia's Port Hedland, the world's biggest iron ore export terminal, as…
Record West African Oil Liftings, Most Sailing East
Total WAF loadings for Asia hit record. Shipments of West African oil to China are set to surge to a record in January, boosting overall fixtures heading east to their highest in at least 14 years…
