News

Bunker levy approach for shipping needs thought

Bunker levy approach for shipping needs thought

A bunker levy on ship fuel use to cut greenhouse gas (GHG) emissions is gaining support of interests inside and outside the maritime sector. At the end of the day, however, any financial impost drawn up for shipping needs to do more than collect money, it must incentivise

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Toxic ships are being dumped in India: NGO

Toxic ships are being dumped in India: NGO

Discarded cargo vessel MV Wisdom that has run aground at Juhu beach has alarmed environmental groups which have demanded strict norms to prevent such ships from being dumped in Indian waters.

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DSME manages Daehan Shipbuilding on entrustment

DSME manages Daehan Shipbuilding on entrustment

Daewoo Shipbuilding and Marine Engineering (DSME) has decided to manage on an entrustment basis Daehan Shipbuilding (DS) under the on-going workout program (the enterprise recovery program), starting from next July.

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Singapore: ST Marine Wins Shipbuilding Contract Worth USD 171 Million

Singapore: ST Marine Wins Shipbuilding Contract Worth USD 171 Million

ST Engineering, its marine arm ST Marine, has won a shipbuilding contract worth about S$171m from Swire Pacific Offshore Operations (Pte) Ltd (SPO), a wholly owned subsidiary of Swire Pacific Limited.

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Norway & UK. Nor-Shipping is for networking, says Chemring Marine

Norway & UK. Nor-Shipping is for networking, says Chemring Marine

Chemring Marine, the world’s top marine distress signal company, has had a busy Nor-Shipping show marketing products and networking.The company exhibited its world-leading Comet and Pains Wessex marine distress signals at the bi-annual show in Oslo, Norway, from 24-27 May.

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Jamaicans benefit from global education

Jamaicans benefit from global education

Jamaican seafarers and the country’s whole maritime sector are benefiting from the country’s close association with The World Maritime University (WMU).

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Ship owners still active in the second hand market, but appetite is thin

Ship owners still active in the second hand market, but appetite is thin

The latest figures from shipbrokers indicate that ship owners appear to still be active in the second hand vessel purchase market, in fact with rejuvenated interest, although, the sellers’ reluctancy to put more vessels to the market, is trimming

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DNV’s “Triality” concept ship

DNV’s “Triality” concept ship

We have seen how the “concept” ship – a design which incorporates clever ideas but awaits serious investment – has emerged. Classification society DNV, which introduced their “Quantum” containership concept in 2010, has been busy again

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Freight market fails to recover

Freight market fails to recover

With demand failing to improve enough to contain the colossal increases in supply, the dry bulk freight market stayed near the dreadfully low levels witnessed last month. The Baltic Dry Index edged up by nine points to an average 1,352 from 1,343 in April.

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Noreco 'surprised' at Dong's Siri plan

Noreco 'surprised' at Dong's Siri plan

Noreco 'surprised' at Dong's Siri plan Denmark’s Dong Energy said it had found a permanent solution for repairing the damaged subsea structure of the Siri platform in the Danish North Sea but faces resistance from project partner Noreco.

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MAN Launches Medium-Speed Two-Stage Turbocharged Engine

MAN Launches Medium-Speed Two-Stage Turbocharged Engine

MAN Diesel & Turbo has introduced its new two-staged turbocharged 18V48/60TS diesel engine. The 18-cylinder vee engine is rated for 1200 kW/cyl at 500 r/min with specific fuel oil consumption of 171.1 g/kWh, while retaining an output of 1050 kW/cyl. Bore and stroke is 480 mm and 600 mm, respectively.

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$198m backup power plant for Wartsila

$198m backup power plant for Wartsila

The construction of a 250 megawatt backup power plant in Estonia, valued at $189 million, has been awarded to Wartsila.

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Council of Energy meets US commerce delegation

Council of Energy meets US commerce delegation

H.E. Saeed Mohammed Al Tayer, Vice Chairman of Dubai Supreme Council of Energy, has met with a US delegation to discuss the importance of coordination and collaboration among different parties concerned with commerce. The visit was also intended to highlight the bilateral economic and commercial relationships between the UAE and the USA.

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$77 billion for Iraq power infrastructure

$77 billion for Iraq power infrastructure

Iraq’s energy minister has announced that his government will spend $77 billion on long-term energy infrastructure, a report by the Hurriyet Daily News has reported.

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Three GE Frame 6FA Gas Turbines For Malaysia Power Project

Three GE Frame 6FA Gas Turbines For Malaysia Power Project

GE will supply three Frame 6FA gas turbines, associated generators and services for the 300-megawatt combined cycle gas-fired power plant project in Sabah, Malaysia. Using natural gas as its primary fuel, the new plant will reinforce Sabah’s energy infrastructure and help the state meet its growing electricity demand, which is increasing by more than 7 percent annually, the company said.

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Aurelian targets tight gas boost

Aurelian targets tight gas boost

UK-listed junior Aurelian Oil & Gas is looking to expand resource potential with a new well to be drilled this summer on its Siekierki tight gas project in Poland.

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Norway flows dip on technical hitches

Norway flows dip on technical hitches

Technical problems an maintenance work on several Norwegian fields saw average output from the country drop by 266,000 barrels per day in May to 1.829 million bpd compared to April.

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USA: Government Calls for Review on Impact of Seismic Surveys on Whales and Dolphins in GoM

USA: Government Calls for Review on Impact of Seismic Surveys on Whales and Dolphins in GoM

The federal agency that oversees offshore drilling is finally asking the National Marine Fisheries Service to review the effects that intense, underwater seismic blasts have on whales and dolphins in the Gulf of Mexico. In a notice published , the Fisheries Service says the Bureau of Ocean Energy Management Regulation and Enforcement, the U.S. government agency responsible for permitting oil exploration in the Gulf, requested the regulations

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Singapore: ST Marine Wins Four AHTS Vessels Order

Singapore: ST Marine Wins Four AHTS Vessels Order

ST Engineering announced today that its marine arm, ST Marine, has won a shipbuilding contract worth about S$171m from Swire Pacific Offshore Operations (Pte) Ltd (SPO), a wholly owned subsidiary of Swire Pacific Limited.

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Navios South American Logistics Signs 15-Year Charters with Petrobras for Cabotage Vessels

Navios South American Logistics Signs 15-Year Charters with Petrobras for Cabotage Vessels

Navios South American Logistics Inc., a subsidiary of Navios Maritime Holdings Inc., yesterday announced that the Company has signed 15-year charter contracts with Petrobras for six product tanker vessels to further expand Navios Logistics cabotage business in Brazil. Navios Logistics anticipates generating approximately $590 million of EBITDA from these contracts

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