CMBFL Sells and Lease Back 20 Tankers
CMB Financial Leasing (CMBFL) sign a $415.6 million sale and lease back transaction of 20 chemical tankers with Stolt Tankers, a UK-based provider of transportation and storage for liquidsā¦
Eagle Bulk Adds Shanghai Eagle to Fleet
Eagle Bulk Shipping (EBS), the US-based fully integrated shipowner-operator engaged in the global transportation of drybulk commodities, has taken delivery of theā¦
GasLog Relocates People and Office
Monaco-based international owner, operator and manager of liquefied natural gas (LNG) carriers GasLog has announced plans to relocate more of its people and mostā¦
Qatar Ups LNG Production by 64% to 126 MTPA by 2027
Qatar Petroleum has announced that it will raise Qatarās LNG production capacity to 126 million tons per annum (mtpa) by 2027, representing an increase of 64% fromā¦
Global FPSO to Grow at Over 19.9%
The floating production systems market worldwide is projected to grow by US$85.1 Billion, driven by a compounded growth of 19.5%.Floating production storage offloading (FPSO)ā¦
Baku Port Signs Major Asia-Europe Freight MoU
The Port of Baku, Austrian ÖBB Rail Cargo Group and Cabooter Group (NL) signed an agreement to strengthen and expand the freight traffic from Europe to Centralā¦
Golar Bullish on LNG Shipping
Supported by low LNG prices, the LNG spot and short term market continues to represent an ever increasing share of global LNG trade, said Golar LNG, a liquefiedā¦
Kalmar Signs Pact with Baja Ferries
Kalmar, part of Cargotec, has signed an agreement with Mexican ferry operator Baja Ferries to supply 20 terminal tractors for use in RoRo port operations.The orderā¦
TEN Orders LNG Carrier at HHI
Greece-based crude, product and LNG tanker operator Tsakos Energy Navigation (TEN) ordered has one-option-one 174,000cbm LNG carrier from Hyundai Heavy Industriesā¦
Baltic Index Jumps on Capesize Rates
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose on Tuesday, boosted by a surge in capesize rates following a positive iron ore outlook.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels, rose 75 points, or 5.6%, to 1,426 points.* The index posted its steepest daily percentage rise since July 4.* The capesize index jumped 237 pointsā¦
Europe's Wind Industry Needs More Sea Space
The European offshore wind industry needs an area equivalent to the size of Ireland to install enough turbines to reach carbon neutrality by 2050, a target for most EU members, a leading industry group said in a report.Fighting climate change is a top priority for the European Commission's new head Ursula von der Leyen, who has set out a "European Green Deal" intended to achieve "climate neutrality"ā¦
China Establishes World's Largest Shipbuilding Group
China on Tuesday formally established China Shipbuilding Group, which the country's government-run broadcaster described as the world's largest shipbuilder.The group's establishment, reported by China Central Television (CCTV), comes after Beijing last month approved the merger of the country's two largest shipbuilders, China State Shipbuilding Corp and China Shipbuilding Industry Co.The group has 147 research institutesā¦
TrashTech: Trash Trawl Debuts
New system helping to solve garbage problems in rivers by collecting waste from water surface. SpillTech, aNorwegian company which specializes in oil spill recovery equipment and systems to collect waste in ports, is expanding its services to tackle waste pollution issues in rivers.āMany rivers are becoming increasingly polluted, so it is important to collect as much waste as possible and that is the reason why we have developed a new waste collector systemā¦
Intellian Launches New KU-KA Convertible VSAT
Intellian has released the latest model in its new NX Series future proof and low lifecycle cost VSAT antenna portfolio. The v130NX is a Ku-Ka convertible VSAT terminal with a 1.25-meter reflector, making it an ideal platform for high-speed global Internet on ships, offshore vessels, and superyachts.The v130NX is a flexible system supporting Ku-band and Ka-band (2.5 GHz Wide) networks. It is also compatible with GEO (Geostationary Earth Orbit)ā¦
Hägg takes the helm at Steerprop
Steerprop appointed Riku-Pekka Hägg as its new Chief Executive Officer (CEO), starting January 2020.Formerly Hägg was Vice President of Ship Design at Wärtsilä. āSteerprop shares my passions and values to ensure efficient and sustainable shipping in the future. Together with Steerpropās skilled personnel, we have the possibility to make great things to happen for the company, the industry and the environment.ā said Hägg.
LNG Power for VW Car Carriers
Siem PCTCs sport MAN ES engines, turbochargers and propellers -- Each ship is estimated to cut CO2 emissions by up to 25%, NOx by up to 30%, particulate matter by up to 60%, and SOx almost completely.Siem Confucius and Siem Aristotle are the names of the new pure car truck carriers (PCTCs), significant in that they are the worldās first trans-Atlantic PCTCs to operate full-time on LNG. Built for Siem Car Carriers at Xiamen Shipyard in Chinaā¦
Boskalis Completes Horizon Acquisition
Dutch dredging and heavylift company Royal Boskalis Westminster has acquired the remaining 37.5% in the United Arab Emiratesās Horizon Group, a company specializingā¦
Ferus Smit Launches Arklow Accord
Ireland-based coastal shipping line operator Arklow Shipping (ASL) has added Arklow Accord the bulk cargo vessel to its fleet.Arklow Accord was successfully launchedā¦
Kawasaki Delivers Bulker to Wisdom Marine
Japanese shipbuilder Kawasaki Heavy Industries Ltd (KHI) has delivered the bulk carrier Amis Star, with a capacity of 61,000 DWT for Wisdom Marine Lines.Amis Star has overall length of 199.90 mā¦
ABS Awards AiP to SHI LNG Re-liquefaction System
ABS has announced that it has awarded approval in principle (AiP) to Samsung Heavy Industries (SHI) for its innovative X-Reli LNG Boil Off Gas Expander ā part ofā¦
