International Seaways Acquires Two Suezmax Tankers
International Seaways announced it has entered into an agreement to acquire two Suezmax tanker newbuildings constructed at Hyundai Samho Heavy Industries shipyard.
Subsea 7 Acquires EMAS Chiyoda Subsea Assets
Subsea 7 S.A. said it has acquires certain businesses of EMAS Chiyoda Subsea (ECS) under a U.S. bankruptcy code Chapter 11 Plan of Reorganization, confirmed by the U.S.
BWM Should Not Distort the Market: Intercargo
In view of the International Maritime Organisationâs (IMO) Marine Environment Protection Committee upcoming meeting (MEPC 71 during 3-7 July 2017), Intercargo reâŠ
KOTC, GAC Fujairah in Husbandry Contract
GAC Fujairah has been awarded a husbandry contract by the Kuwait Oil Tanker Company (KOTC) to provide ship supply services, spare parts handling and a range of otherâŠ
HMM Meets Vietnamese Delegation
On June 29, Vice Minister of Transport in Vietnam, Nguyen Van Cong accompanied by delegates from Vietnam Maritime Administration (VMA) and Vietnam National ShippingâŠ
MOL Bags Yamal LNG Charter Contract for Four Ships
Mitsui O.S.K. Lines (MOL) announced it has signed a long-term charter contract for four liquefied natural gas (LNG) carriers with the tank capacity of 174,000m3âŠ
New Global Industry Alliance Established to Support Low Carbon Shipping
Leading shipowners and operators, classification societies, engine and technology builders and suppliers, big data providers, and oil companies have signed up toâŠ
India's Largest Container Port Trying to Recover from Cyber Attack
The National Cyber Security Coordinator Dr Gulshan Rai visited Jawaharlal Nehru Port Trust (JNPT) to assess the impact of the global cyber attack that has disruptedâŠ
Cargo Ship Runs Aground off Virginia
The U.S. Coast Guard said it is monitoring a 586-foot Thai-flagged cargo vessel that ran aground off Sewells Point in Norfolk, Via., Thursday. Watchstanders at theâŠ
Aspin Kemp, MAN Diesel & Turbo Finalize Partnership
Canadian engineering firm Aspin Kemp and Associates Inc. (AKA) and German based engine and turbomachinery market leader MAN Diesel & Turbo SE have finalized an agreement between the two companies whereby MAN Diesel & Turbo steps in as a 40 percent shareholder in AKA. Through this new partnership, AKA said it will look to build its innovative potential with MAN in a broader market for power and energy solutions. Company co-founder Jason Aspin remains a controlling shareholder and CEO of AKA.
Concordia Charters Out P-MAX Tanker
Concordia Maritime said it has signed a contract to charter out the P-MAX tanker Stena Paris to âone of the worldâs largest oil and gas companies.â The contract is for one yearâŠ
dâAmico Chooses Sealink Premium Plus VSAT
Italian ship owner and long-term Telemar customer dâAmico Group has selected Marlinkâs Sealink Premium Plus VSAT service to enhance connectivity across its fleet of over 50 product tankers and dry cargo vessels. Sealink Premium Plus provides global connectivity for dâAmicoâs business and vessel operations, in addition to supporting crew welfare. With Sealink Premium Plus, the dâAmico fleet will receiveâŠ
US Sanctions Chinese Shipping Firm over North Korea Ties
The U.S. Treasury Department said on Thursday it was placing financial sanctions on two Chinese nationals and a Chinese shipping company over their ties to NorthâŠ
Wickerâs SHIPS Act Included in Defense Bill
U.S. Senator Roger Wicker, R-Miss., Chairman of the Senate Seapower Subcommittee, announced that he successfully added his âSHIPS Actâ proposal to help the Navy reach its requirement of a 355-ship fleet in this yearâs âNational Defense Authorization Actâ (NDAA). The Senate Armed Services Committee unanimously approved the national defense bill, authorizing $640 billion in overall funding for Americaâs servicemembers, military installations and industrial base.
Global Shipping Feels Fallout from Maersk Cyber Attack
Global shipping is still feeling the effects of a cyber attack that hit A.P. Moller-Maersk two days ago, showing the scale of the damage a computer virus can unleash on the technology dependent and inter-connected industry. About 90 percent of world trade is transported by sea, with ships and ports acting as the arteries of the global economy. Ports increasingly rely on communications systems to keep operations running smoothlyâŠ
Rosneft May Build LNG Plant in Far East on Its Own
Russian energy giant Rosneft may build a liquefied natural gas (LNG) plant in the far east using exclusively its own resources and gas reserves, Rosneft vice president Vlada Rusakova said on Thursday.
ALMACO's CEO is Bullish on Maritime
Where many see challenges, Vilhelm Roberts, CEO and President of ALMACO Group sees opportunity, as his company has carved a niche in providing turnkey accommodation spaces and food handling areas serving the global maritime and offshore markets. He discusses the companyâs strategy and future with Maritime Reporter. âWe were born global,â said Roberts. The mother company is in Finland, and he leads the company from the companyâs office in Florida along with his CFO who is in the office in France.
LNG Marine Fuel Institute Launched in Canberra
Port Hedland Mayor, Camilo Blanco, and the Town of Port Hedlandâs CEO, David Pentz, attended the launch of the LNG Marine Fuel Institute at Parliament House, Canberra on Wednesday, June 21. The Institute, which was opened by The Honorable Josh Frydenberg MP, Federal Minister for the Environment and Energy, hopes to see Australian LNG as the primary fuel for marine transportation, powering the road, rail and mining industries.
Weak US Imports Push European Gasoline East
Unusually bloated gasoline inventories in the U.S. during peak summer driving season has kept the transatlantic arb barely workable. EIA data indicates that gasoline imports into the U.S. East Coast (PADD 1) for June averaged 549 kb/d so far, down by 15.4 percent m-o-m. As such, an atypical influx of LR tankers carrying gasoline from Europe have been fixed to the East in recent weeks. At least 6 LR2 and LR1 tankers loaded with gasoline are heading from the ARA region to AG/Singapore in June.
NYK, Kyushu Electric Power Partner on LNG Transport
Japanese firms NYK and Kyushu Electric Power Co. Inc. say they have reached an agreement to partner in various fields, including liquefied natural gas (LNG) transport. According to NYK, the agreement will allow Kyushu Electric Power to use vessels from the shipping companyâs fleet for short-term LNG transport, enabling NYK to improve its profitability through efficient vessel allocation and Kyushu Electric Power to improve its flexibility in LNG transport.
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