Damen inks contract for advanced aggregates dredge Damen Shipyards Group and Southampton, U.K., based Hanson Aggregates Marine have signed a contract for construction of a Marine Aggregate Dredge (MAD) 3500 vessel. The ship will be used to extract aggregates
World's largest, most powerful crane vessel makes its debut Sembcorp Marine's Tuas Boulevard, Singapore, shipyard has completed construction of the world's largest and most powerful semi-submersible crane vessel. Built for Heerema Marine Contractors, the SSCV Sleipnir's twin revolving crane's can lift
Spirit of Discovery completes Ems conveyance Spirit of Discovery, the first newbuild cruise ship for Britain's Saga Cruises, today reached the open sea after departing the Meyer shipyard in Papenburg, Germany, late Sunday night and being towed in
USCG grants type approval for largest PureBallast 3 reactor Alfa Laval has gained U.S, Coast Guard ballast water management system type approval for its largest PureBallast 3 reactor size: 1,500 cu.m/h. Customers can now select any PureBallast 3 system configuration for
Wärtsilä introduces HY hybrid product for dredges Wärtsilä has launched a new product based on its HY hybrid propulsion technology aimed specifically at enhancing the efficiency and sustainability of dredging operations. Wärtsilä HY for Dredger was presented at an
ICTSI to invest $167m in central Philippines port if given approval In November 2018 ICTSI submitted a proposal to the PPA to develop the ports, including dredging of the approach channel...
MISC sees better year ahead as first quarter net profit rises A growth in tonne-miles, driven by higher exports from the Atlantic region to Asia suggests a more robust outlook in charter...
Wison invests $30m in CSSC Shipping IPO As of end-2018, the shipyard-backed leasing house owned 65 vessels in total, of which 43 units were under financial lease...
KMTC ship catches fire at berth in Laem Chabang The incident is just the latest in a long history of accidents related to the hazardous chemical
Panama Canal postpones draught restrictions as seasonal rains arrive Very good rainfall since the beginning of May has raised water levels in Lake Alajuela while helping to stabilize and...
PGS targets $675m in seismic refinancing effort Sceismic vessel owner PGS is on course for a major refinancing running to $675m. Oslo-listed PGS announced after the close on Monday that it was targeting the new debt to repay a bank loan and bond debt. Gottfred Langseth, chief financial officer of PGS, had told investors at the end of the first quarter the company was likely to refinance this year and was in a position to execute at short noti
South Korean freight rebates bode well for VLCC tonne-mile demand The world's fifth-largest crude-importing nation is to source even more Atlantic barrels due as Iranian supply is plugged
Cido secures long-term VLCC deals with Trafigura Cido Shipping has now fixed long-term charters with Trafigura for both its VLCC newbuildings. European brokers said the Hong Kong-based shipowner's 318,000-dwt Marine Hope and Miracle Hope (both built 2019) have been hired for up to five years each. Trafigura is set to pay $36,500 per day for three firm years, with options to extend for up to two years at undisclosed rates. The Hyundai Samho H
Rosatom launches third in new generation of ice-breakers Russian Northern Sea Route infrastructure developer says contract for two more vessels to be signed by August
OSV owners see light at the end of long, dark downturn But lenders will need to share their optimism if North Sea operators seeking to refinance vessels are to thrive
Ten die following carbon monoxide leak on Fujian Shipping bulker Ten people have died following a carbon monoxide leak on board a Fujian Shipping bulker at a repair yard in China. VIDEO: KMTC feeder rocked by explosion and fire Work halted at Samsung after crane death A further 19 people have been injured following the incident on the 69,000-dwt Jin Hai Xiang (built 1994) while dry docked at the Xixiakou yard, the New Zealand Herald reported, citing Chines
Vroon Offshore trio head from North Sea to Caribbean for BP charters Vroon Offshore will shift three ships from the North Sea to the Caribbean following a fresh contract with BP. Vroon PSV damaged in Singapore fire Vroon charters OSV trio to BP The owner linked with BP last year to supply five ERRVs in the North Sea and West of Shetland on a long-term contract. Now three more ships, the 1,400-dwt VOS Gorgeous and VOS Grace (both built 2015) and the 1,100-dwt VO
Daniel Gold tops up holding in Okeanis Eco Tankers Daniel Gold's QVT Financial, one of the largest institutional shareholders in Okeanis Eco Tankers, has boosted its holding in the Alafouzos family backed company. Okeanis Eco Tankers moves into profit during first quarter as 2020 vision takes shape Okeanis sees rising investor interest in tankers as part of energy upswing Gold, who is on the board of Okeanis, added stock worth over $200,000 in
Dynagas returns to Hyundai Heavy to beef up on LNG carriers Greek shipowner surprises by joining new LNG entrants in South Korea to extend its position
Trump's trade war adds to 'high degree of uncertainty' around container market MPC Container Ships warned of an exceptionally high degree of uncertainty around the sector amid continued jostling between the US and China. Oslo-listed MPC said the impact of any trade tension was felt regardless of whether firm action followed political rhetoric. Maersk boss Skou shoots down price war talk as Trump's battle with Beijing dents container shipping demand MPCC's Baack stays ca
Yantian Express set to head to Asia for repairs But Hapag Lloyd vessel faces complex unloading process before it can sail to a shipyard.
Uniper ships 1m barrels of IMO 2020 compliant fuel to Asia German energy and trading group says cargoes have gone into floating storage off Singapore.
VIDEO: KMTC feeder rocked by explosion and fire South Korean-owned containership engulfed in smoke, over 100 people admitted to hospital.
Queen Mary steams on to SGX as part of REIT IPO Veteran liner among portfolio of hotels in Eagle Hospitality Trust real estate investment trust.
Vietnam no substitute for China, despite Trump tweets Nation lacks maritime infrastructure, container ports and shipping network to rival larger neighbour, says analyst.
Authorities need to 'strike the right balance' while enforcing FONAR: IBIA "Debunkering is not widely practiced today, hence our concern is that ships could be stuck with a portion of non-compliant fuel for a long time," Einemo said.
FUTURES:Crude mixed on diverging fundamentals "Crude oil prices were under pressure all week as trade tension between the US and China escalated," ANZ analysts said Monday.
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