Ice and Easy: The next level of hybridization
The demanding conditions of the Baltic Sea and the Gulf of Bothnia are plain sailing for MS Viikki, the world’s first LNG-fueled bulk carrier. The solution, built around WE Tech’s variable frequency drive technology WE Drive and The Switch direct drive permanent magnet shaft generator, helps the vessel achieve Ice Class 1A propulsion, while still slashing fuel consumption, costs and emissions. It is…
World's Largest Shipbuilders in $2 Bln Mega-merger
Resulting entity would control about 20 pct of global market; Daewoo shares rally 22 pct; Hyundai Heavy shares fall.Hyundai Heavy Industries, the world's biggest shipbuilding group, has announced a share swap deal worth 2.1 trillion won ($1.98 billion) to take over second-ranked Daewoo and create a global heavyweight controlling over 20 percent of the market.The move comes as the worldwide shipbuilding sector recovers from a global economic downturn that led to massive losses…
Kirby Announces 2018 Q4/FY18 Results, Deal to Buy Cenac's Marine Fleet
Kirby Corporation announced a net loss attributable to Kirby for the fourth quarter ended December 31, 2018 of ($24.4) million, or ($0.41) per share, compared with earnings of $231.3 million, or $3.87 per share, for the 2017 fourth quarter. Excluding certain one-time charges, 2018 fourth quarter net earnings attributable to Kirby were $44.9 million, or $0.75 per share. Consolidated revenues for the…
Navy: UMass Lowell to host 2019 FST
The Department of the Navy (DoN) Forum for SBIR/STTR Transition (FST) will be held April 10-11, 2019 at the Tsongas Center in Lowell, Mass., co-hosted by the UMass…
Record Year for US Wind Energy
American utilities signed contracts for 4,304 megawatts (MW) of wind power in 2018 that, when combined with non-utility purchases, reached the highest level on record…
Japan Ink LNG Supply Deal with China
Japanese natural gas utility and supplier Shizuoka Gas signed an LNG sale and purchase agreement with Clean Energy in China for the delivery of chilled fuel from…
Hyundai Heavy Seeks to Acquire DSME
South Korea's "Big Three" shipbuilders may soon become the "Big Two". South Korea’s Hyundai Heavy Industries (HHI) has expressed interest to buy its rival Daewoo…
Capital Liberty Acquires Two Vessels
Capital Liberty Invest, a joint venture between Greece’s Capital Ship Management, belonging to Evangelos Marinakis, and Germany’s Liberty One, has acquired its first…
744 Ships Scrapped in 2018
744 large ocean-going commercial vessels were sold to the scrap yards in 2018, out of which 518 were broken down on South Asia beaches, accounting for a record-breaking…
Suez Canal Terminal Boosts Efficiency
APM Terminals announced that its Suez Canal Container Terminal (SCCT) at Port Said, Egypt has achieved major efficiencies in yard and quay operations after fine…
HMM Becomes Co-owner of Pusan New Port
South Korean carrier Hyundai Merchant Marine (HMM) announced that it has acquired joint ownership of PSA Hyundai Pusan New-port Terminal (PHPNT) in Busan.Yuanta HPNT…
LR, UMAS: 'Zero Emission' Vessel Study
Lloyd’s Register (LR) and University Maritime Advisory Services (UMAS) have released “Zero-Emission Vessels Transition Pathways.”The study, according to LR, aims…
EU Shipowners: Remain with Brexit Deal
European shipowners call upon all parties to seize this opportunity to avoid a no-deal Brexit scenario following yesterday’s discussions in the UK parliament and…
UAE, Greece, USA: Worst Vessel Dumpers
The United Arab Emirates (UAE), Greece and the United States of America (USA) top the list of country dumpers of ocean-going commercial vessels in 2018, according…
South Carolina Ports Opens New HQ
South Carolina Ports Authority celebrated the dedication of a new headquarters building at the Wando Welch Terminal with its Board of Directors, local leaders, business…
Dutch Minister Visits Damen Shipyards
Netherlands Minister of infrastructure and water management Cora van Nieuwenhuizen visited Rotterdam on 28 January to meet Damen Shipyards Group and other Dutch…
2,275 Migrants Perish in Mediterranean in 2018
Six people died each day attempting to cross Mediterranean in 2018, the latest ‘Desperate Journeys’ report, released by the UN Refugee Agency said.According to the…
Pacific Green Appoints Iain Lees as CEO
Pacific Green Technologies has announced the appointment of Iain Lees as Chief Operating Officer to support company growth initiatives around proprietary emission…
Alfa Laval PureSOx Scrubber Systems – 10 Years at Sea
The arrival of 2019 leaves just one year until the global sulphur cap becomes reality. But as the marine industry scrambles to ready itself, an important milestone has already been reached. The new year marks a decade since the first vessel set sail with an Alfa Laval PureSOx scrubber on board.In 2009, the RoRo vessel DFDS Ficaria Seaways entered dry dock for an expansion of its cargo space. While the vessel was being rebuilt…
Metal Shark Delivers New Patrol Boats in Aruba
Four new high speed patrol boats manufactured by shipbuilder Metal Shark have entered service with the Dutch Caribbean Coast Guard (DCCG) on the island of Aruba.The vessels were commissioned into service with a ceremony on January 23rd at DCCG’s Station Aruba in the district of Savaneta on Aruba’s southeast coast. Among those present were officials from the Aruban government, Dutch Ministry of Defense…
