Baltic Index Nears One-Month Nadir
The Baltic Exchange's main sea freight index fell for a tenth straight session on Monday to its lowest in nearly a month as a combination of better ship supply and easing demand hurt vessel rates.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 14 points, or 0.8%, to 1,774 points, lowest since July 9. The index has, still, nearly tripled since February, mainly driven by strong demand for vessels that ship iron ore from Brazil into China over the past few months.
Feadship Chooses Floor2Plan
Floorganise has developed the Floor2Plan toolset enabling shipyards to control and manage their projects more accurately and in more detail. The toolset significantly reduces the duration of projects and the hours spent on them. Just recently, the innovative shipyard Royal van Lent | Feadship started implementing Floorganise’s time tracking module.A lot of shipyards experience a gap between the physical reality on the shop floor and the knowledge available in their office-based (IT) systems.
UK joins U.S. in Gulf Maritime Security Mission
Britain on Monday joined the United States in a maritime security mission in the Gulf to protect merchant vessels travelling through the Strait of Hormuz after Iran seized a British-flagged vessel.British officials stressed that there was no change to London's policy on Iran but joining the United States is the most significant non-Brexit foreign policy move to date of Prime Minister Boris Johnson's 12-day-old government.Just two weeks ago, Britain was calling for a European-led naval mission.
Tuco's ProZero 10m Walk-A-Round Workboat
Aqua Culture Exhibition, Tuco Marine presents the brand new ProZero 10m Walk - A - Round Workboat. The new vessel complements Tuco's range of ProZero workboats and support vessels. And is dedicated to the Workboat, Crew transfer and Diving markets.The New ProZero 10m walkaround workboat DCW is strategically sized and carefully equipped for passenger transportation and patrol missions in coastal and offshore waters and built on the proven…
Cheniere Working on Sabine Pass Trains 3, 4
Cheniere Energy Inc said on Monday it is conducting previously scheduled turnarounds on Trains 3 and 4 at the Sabine Pass liquefied natural gas (LNG) export terminal in Louisiana as part of its maintenance plan for the facility.The company did not say when the units would likely return to service but noted "a good general guide for timing" was work on Sabine Trains 1 and 2 earlier this year that lasted…
Delft Technology Students Visits NYK
NYK welcomed 35 students and their professor from the Netherlands’ Delft University of Technology (TU Delft) on July 30 to examine the group’s initiatives for “Digitalization and Green,” the theme of the company’s medium-term management plan.Prof. Mirek Kaminski of TU Delft is a leading European researcher on sloshing* and has cooperated with risk assessments conducted by MTI, an NYK Group company…
ClassNK Collaborates in Zero Emissions Working Group
Classification Society ClassNK is participating in the “Cross-industrial Working Group Related to Zero Emission Alternative Ship Fuels” established by the CCR Study Group (*). This working group which ClassNK acts as secretariat to aims to reduce CO2 emissions in the international value chain by use of methane synthesized through methanation technology which combines CO2 and hydrogen produced from renewable energy sources.In the international shipping sector…
Andersen Appointed New CEO of StormGeo
The Board of Directors of StormGeo has appointed Søren Andersen as the new CEO of StormGeo. Andersen will take up his new position on September 2, 2019. Interim CEO, Henrik Dahl, will reassume his role as Non-executive Director on the Board of Directors of StormGeo.Andersen has more than 20 years of leadership experience from companies such as A.P. Møller – Maersk, APL, Rickmers and several start-ups.
Auckland Signs for Damen Electric Tug
On July 29th, New Zealand’s Ports of Auckland signed a contract with the Damen Shipyards Group for the delivery of an innovative new vessel. The RSD-E Tug 2513 will be the first fully-electric ship-handling tug in the world with 70 tonnes bollard pull. The vessel completes the green cycle of energy in the port with its unrivaled performance in sustainability.Building on green foundationsDamen’s RSD Tug 2513…
Death toll in capsized Philippine ferries climbs to 31
The death toll from the capsize of three Philippine ferries in bad weather rose to 31 on Sunday as rescuers found more bodies, a coast guard official said.The motorised…
Seacor to Acquire JV Partner's Sea-Vista Stake
Seacor Holdings Announces Acquisition of Joint Venture Partner’s Interest in Sea-Vista.SEACOR Holdings Inc. announced that it has become the sole owner of its consolidated SEA-Vista joint venture, acquiring through a subsidiary the 49% interest that had been owned by an affiliate of Avista Capital Partners (the “Seller”). Purchase consideration consisted of $106 million in cash and 1,500,000 shares of the Company’s common stock (the “Consideration Shares”).In connection with the purchase…
Zarif: Iran to Act Over 'maritime offences'
Iran will no longer turn a blind eye to "maritime offences" in the Gulf, its foreign minister said on Monday, a day after it seized an Iraqi oil tanker there that…
Harland and Wolff to Enter Administration
The Belfast shipyard that built the Titanic, Harland and Wolff, will be placed into administration, a form of bankruptcy protection, on Monday, a spokesman for the firm said."There has been a series o
Dynamiq Rolls-out Compact Explorer Yacht
Italian shipyard Dynamiq has introduced new G300 model designed to cruise the world. The Dynamiq Global 300 is a bit more compact and comes with a low profile design…
Hamburg Inland Waterway Volumes Grow
Port of Hamburg, Germany’s biggest universal port, said that in the first three months of 2019, at 2.57 million tons, the total quantity of cargo carried by inland…
ALE Installs WTG in Australia
The global heavylift and transportation provider ALE Heavylift said that its K1650L tower cranes have begun work to install wind turbine generators (WTG) near Port Augusta in southern Australia…
Höegh Breaks New Record in Ennore
Höegh Autoliners’s RoRo services team in India handled transportation of the 28 meters long windmill blade from Ennore, India to Shanghai, China."Sensitive cargo…
Investments in Exploration Drilling to Double
Rystad Energy sees investments both in offshore and onshore exploration drilling doubling in the next five years, compared to the last five years. Conventional onshore demand will be driven by Asia…
Bristol Welcomes Free Ports Concept
Britain's most centrally located deep sea port, the Bristol Port Company welcomes the Free Port concept as it has the potential to boost investment opportunities in and around UK ports.Recently…
Saipem Joins JV for Arctic LNG2 Project
Italian oil and gas industry contractor Saipem reached a deal on Friday to participate in a joint engineering venture for a liquefied natural gas (LNG) project in…
