Container carriers can recover from the losses they suffered in recent price wars by adopting more disciplined business practices, says a new report.The recently published report by The Boston Consulting Group (BCG) is titled 'Charting a…
Ocean Rig UDW Inc. sign contract for Samsung Heavy Industries to construct a 7th Generation Ultra Deepwater (UDW) Drillship.This 7th Generation drillship is a sister ship to the three currently under construction at Samsung, and is scheduled to be delivered to the company in January 2015…
Wärtsilä wins contract to supply AQUARIUS® UV ballast water management systems to four Tidewater Marine Platform Supply Vessels (PSV).The scope of supply for the vessels, due for delivery from the COSCO (Guangdong) Shipyard in 2014, includes four 250m3/hr capacity Wärtsilä AQUARIUS®UV BWMS…
The service base, situated in Labuan, Malaysia, is to support all installed and future shallow and deepwater projects within the Asia Pacific region.An opening ceremony was held recently at the new site and was officiated by Dave Hutchinson…
Cargo transport between Asia and Europe on the Northern Sea Route (NSR) has reached the one million tons milestone.The total cargo transported on the NSR is already almost 200 000 tons more than in last year’s season, updated numbers from Rosatomflot show…
Recent decision by three large charterers only to use relatively energy efficient vessels attacked by bulk carrier owner's group Intercargo.Cargill, Huntsman Corporation and UNIPEC UK, who together charter over 350 million tonnes of commodities annually…
Aircraft carrier USS Enterprise (CVN 65) has made what is most probably her last Suez transit on way back to US Naval Base, Norfolk.On April 29, 1986, Enterprise did something that no other nuclear-powered carrier had ever done - she transited the Suez Canal…
Many ships unwilling to wait for warship-escorted convoys now use a detachment of 4 or 5 armed guards as they transit pirate high-risk areas.At the moment there's a booming market in security guards for merchant ships plying the waters off Somalia and adjacent areas (Gulf of Aden…
Each shipowner is connected with a permanent team of ship surveyors with in-depth knowledge of that company & its special needs.The arrangement was established on the basis of a request from the industry and has since May 2012 been running as an experiment…
Classification society Bureau Veritas assists Longyuan, China, in 'Jiangsu Longyuan Rudong 150 MW Offshore Wind Farm Pilot Project Phase III.As the only foreign third party inspection company working on this project to have participated in all three phases…
NOAA brings to bear centralized disaster planning, response expertise to the Gulf of Mexico region from its new Mobile, Alabama, office.NOAA's new Gulf of Mexico Disaster Response Center (DRC) promises to change the way people prepare for and respond to the many hard-hitting storms…
Germanischer Lloyd’s (GL) North American Committee, considered current topics & challenges to the shipping industry at its recent Texas meeting.The challenge of improving vessel efficiency heads the agenda of every ship owner and operator…
INTERTANKO’s Documentary Committee endorses BIMCO's newly published standard contract for Private Armed Guards (GUARDCON).GUARDCON has now been in use for some months. During this time the Documentary Committee has reviewed the GUARDCON wording and…
Steerprop Ltd to deliver main propulsion system for a Société des traversiers du Québec (STQ) passenger ferry to be built by Fincantieri.Steerprop Ltd. has been contracted to deliver two SP 120 ECO CRP propulsors, each with a power rating of 7 000 kW…
The 45m megayacht project involves KaiserWerft, Franck Muller Yacht Design & Engineering and Voith.The semi displacement 45 m yacht will be fully built in Kevlar and Carbon and the (electromagnetic) propulsion is to be powered by a Diesel…