Maritime Industry Top News
U.S. Navy Assesses Fleet Structure
Following the release of new national security and defense strategies, the Navy is undertaking a new Fleet Structure Assessment that could alter its stated goal of a 355-ship fleet…
BSEE: Report on Subsea Bolting Technology Released
In an effort to address a recurring problem with faulty connectors in critical safety equipment, the Bureau of Safety and Environmental Enforcement (BSEE) commissioned…
Bolivia Joins International Mobile Satellite Organization
The Plurinational State of Bolivia has become the 104th country to join the International Mobile Satellite Organization (IMSO), the inter-governmental body that…
CMA CGM Upgrades Indian Sub-continent and Europe Services
The CMA CGM Group, a world leader in maritime transport, is pleased to announce it is reinforcing its offer, starting 2 April 2018, from Indian Sub-Continent, in a partnership with HLC…
Diana Shipping Sings TC Contract for m/v Calipso With Glencore
Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has entered…
Denmark, Mexico Sign Maritime MoU
Denmark's Minister for Industry, Business and Financial Affairs, Brian Mikkelsen and Mexico’s Secretary of Communications and Transportation, Gerado Ruiz Esparza…
Philippine Officials Trained in Forming Maritime Transport Policy
Officials from various government entities in the Philippines have received training in how to develop a National Maritime Transport Policy (NMPT). The concept is…
Vane Brothers Launches "Vane Launch"
The Vane Brothers Company (Baltimore, MD) introduced VANE LAUNCH, a new division that builds on the company’s existing launch service offerings, a division designed to be synergistic with Vane Brothers’ bunkering operations. “Though launch services have long been a part of the Vane Brothers catalogue, the emergence of VANE LAUNCH signals a new era of expansion and increased commitment to this important business segment,” said C. Duff Hughes, President, Vane Brothers.
Tenth Successful Interdiction for HMAS Warramunga
HMAS Warramunga’s crew has seized record amounts of narcotics on Operation Manitou following their latest interdiction. In the latest haul, the crew of the Royal Australian Navy frigate seized approximately 132 kilograms of heroin valued at almost $40 million while patrolling international waters of the Arabian Sea on 6 March 2018. The illegal narcotics interdiction is Warramunga’s third seizure in…
Russia's TMK Says U.S. Tariffs to Benefit U.S. Unit
TMK, Russia's largest of steel pipes for the oil and gas industry, said on Friday it expected new U.S. import tariffs on steel and aluminium to benefit its U.S. unit IPSCO. TMK said IPSCO did not import steel, so should benefit from President Trump's move. The company had yet to finish evaluating how the import duties would affect other parts of its business, it said in a written reply to a Reuters request.
Baltic Index Inches Up
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, inched up on Friday on firm rates for panamax and supramax vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 4 points, or 0.33 percent, at 1,201 points. The Baltic index, however, posted its first weekly fall in three weeks, falling 0.5 percent.
Stena Line, Swedish Club to Test Emergency Plans
The Swedish Club and Stena Line have completed a major Emergency Response Training Exercise, designed to test how Stena’s own emergency procedures integrate with those of the authorities and support services in the event of a major incident. The round table exercise took place last week at the Swedish Sea Rescue Society headquarters, with over sixty expert contributors taking part. The drill, jointly planned and conducted by the Club and the Swedish Joint Rescue Coordination Centre (JRCC)…
DNV GL JDP for Marine Batteries
Classification society DNV GL has announced the launch of a Joint Development Project (JDP), designed to advance the understanding of the use of lithium-ion batteries in the shipping industry. More than a dozen partners from the entire value chain have joined the initiative, including flag states, research institutions, battery and propulsion suppliers, fire detection and extinguishing system providers, and ship owners, operators and yards.
VT Halter Marine Cuts Steel on Offshore LNG ATB
VT Halter Marine and Q-LNG Transport team members during start of construction of ATB Tug Q-Ocean Service and Barge Q-LNG 4000. VT Halter Marine, Inc. (VT Halter Marine)…
MOL Adopts 'Common Rail Fuel Injection' System
Mitsui O.S.K. Lines, Ltd. announced that its group company, Mitsui O.S.K. Kinkai, Ltd. will use a main engine equipped with the MAN Diesel & Turbo SE (MDT)-developed…
Virginia Port’s Cargo Numbers Up
Despite a slight dip in volume of .7 percent in February, The Port of Virginia’s fiscal year 2018 cargo volumes are up nearly 4 percent, or nearly 69,000 TEUs. “February…
Bjørnar Iversen Resigns as CEO of Songa Offshore
Bjørnar Iversen, CEO of Songa Offshore SE, has resigned effective 6 March 2018 said a single sentence press statement from the company. This information is subject…
ReCAAP ISC Reports Five Armed Robberies in Asia
A total of five incidents of armed robbery against ships were reported in Asia in February 2018. No piracy incident was reported, said ReCAAP ISC. Of the five incidents…
International Seaways Updates on VLCC Acquisition and MR Vessel Sales
International Seaways, one of the largest tanker companies worldwide, said it acquired a 2010-built VLCC for $53 million, the Seaways Raffles, which commenced trading…
Aalto Shipping Company Begins Operations
Aalto Shipping Company, a new Finnish shipping company, is starting operations. The shipping company is owned by Taaleri and its customers together with the acting management.
