Maritime News

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2 Ships Fail to Comply with IMO 2020 in Chinese Waters

Posted On: 21-01-2020

Since the beginning of January 2020, the Chinese Maritime Safety Administration(MSA) has found two ships in Chinese waters to be in breach of new sulphur regulations as they were using non-compliant fuel, the Standard P I club said. Asinformed, the first ship was under a port state in Qingdao China when MSA verified the use of fuel oil with a sulphur content of .6777% mm. The second ship was berth..readmore

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INMEX

Posted On: 21-01-2020

INMEX Vietnam, the largest and most established international maritime event in Vietnam, will return for its 8 th edition on 30 March to 1 April 2021 at the Saigon Exhibition & Convention Center (SECC), HoChi Minh City, Vietnam. Backed by its years of proven track records, INMEX Vietnam is the earmark even global maritime industry players to convene, forge new business ties, explore new market ..readmore

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Mammoet, ALE Merger Creates Heavy Lift Giant

Posted On: 20-01-2020

Dutch provider of engineered heavy lifting and transport Mammoet has completed the acquisition of UK-based counterpart ALE.The businesses will now operate as one company under the Mammoet starting January 8, 2020. The merger truly creates an industry behemoth with unparalleled global coverage of over 140 offices and branches worldwide, as well as the world’s largest fleet of heavy equipment. ..readmore

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UECC Gets Green Financing for Battery Hybrid LNG PCTCs

Posted On: 20-01-2020

United European Car Carriers (UECC), a Norway-based provider of shortsea RoRo transportation, has secured green financing for its new pure car and truck carriers (PCTC). Obtained from Sweden’s Svenska SkeppsHypotek, the financing amounts to about USD 70 million. UECC, which is jointly owned by Nippon Yusen Kabushiki Kaisha (NYK) and Wallenius Lines, ordered earlier this year three next generati..readmore

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ENOC to Supply Marine Lubricants for Up to 16 Tankers

Posted On: 20-01-2020

The UAE-based energy group Emirates National Oil Company (ENOC) has signed a memorandum of understanding (MoU) with Greek bunker trader IMS Oil Trading to supply marine lubricants for up to sixteen product tankers. Lubricants will be delivered at IMS Oil’s Fujairah and Singapore ports. As informed, the partnership expands ENOC marine lubricants supply network to over 110 ports in 23 countrie..readmore

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Hudson Shipping Lines Says No to Scrubber-Fitted Ships

Posted On: 20-01-2020

US-based Hudson Shipping Lines will not employ vessels with scrubbers to comply with the IMO 2020 sulphur cap that comes into force on January 1, 2020. The company said it instead exclusively burn fuels that comply with the regulations. “We have thoroughly investigated the use and operation of exhaust gas scrubbers and have found that they simply transfer the pollution produced by vessels from ..readmore

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Mitsubishi Shipbuilding Christens New LNG Carrier for JERA

Posted On: 14-01-2020

Japan’s Mitsubishi Shipbuilding has named the latest Sayaringo STaGE LNG carrier being built for Trans Pacific Shipping 6 Ltd, a joint venture of JERA and NYK Line. The new 80,300 dwt ship was named Bushu Maru in a christening ceremony held at the Koyagi Plant of the Nagasaki Shipyard & Machinery Works on May 14. Completion and delivery is scheduled for June 2019,after which the unit would be pu..readmore

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Color Line’s Color Hybrid Named in Norway

Posted On: 14-01-2020

The world’s largest plug-in hybrid ship Color Hybrid, built for cruise and ferry company Color Line, was named on August 23 in Sandefjord, Norway. The vessel started sailing on its route from Sandefjord, Norway to Strömstad, Sweden as of August 16, 2019, after delivery from Norwegian shipbuilder Ulstein Verft on August 1. With the capacity to carry 2,000 passengers and 500 cars, Color Hybrid ..readmore

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Enterprise Teams Up with Enbridge on VLCC Terminal Development

Posted On: 09-01-2020

American midstream natural gas and crude oil pipeline company Enterprise Products Partners and Canadian energy transportation firm Enbridge Inc. have signed a letter of intent (LOI) to jointly develop a deepwater crude oil terminal in the Gulf of Mexico. The duo will focus on commercial development efforts on Enterprise’s Sea Port Oil Terminal (SPOT) project, designed to be capable of fully load..readmore

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Navios Acquisition Acquires Navios Europe Tanker Quintet

Posted On: 09-01-2020

Following the liquidation of Navios Europe I, Monaco-based tanker owner and operator Navios Maritime Acquisition Corporation has taken delivery of five product tankers. The ships in question are MR1 chemical/product tankers Perseus N, Star N and Hector N. The first two units were built at Hyundai Mipo Yard in South Korea in 2009 and 2008, respectively, and the third at China’s CSSC OME in 2008. ..readmore

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Asia Pacific Maritime (APM)

Posted On: 09-01-2020

Date: 18 – 20 March 2020 Venue: Marine Bay Sands, Halls A, B, C, D, E & F, Singapore Asia Pacific Maritime (APM) is the premier exhibition and conference in Asia showcasing a complete overview of the vessel sectors – services and solutions, technology, vessels equipment, machineries, supplies, and many more.With 15 editions of proven track record, APM gives you 3 day..readmore

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Hyundai Samho Wins LPG Carrier Gig as Parent Sets Targets for 2020

Posted On: 07-01-2020

Hyundai Samho Heavy Industries has secured a contract for the construction of two LPG carriers from an unnamed European client, the Korean shipbuilding company said in an exchange filing. Under the terms of the KRW 193.4 billion contract (USD 166 million), the duo is set for delivery by the end of April 2022. In a separate announcement, Hyundai Samho said that it had won a contract for the constru..readmore

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TOP Ships Sells Its Only Two MR1 Tankers

Posted On: 07-01-2020

Greek tanker owner and operator TOP Ships has disposed of its only two medium range 1 (MR1) product/chemical tankers. As informed, the ships, Eco Fleet and Eco Revolution, have been sold to unaffiliated third parties. The tankers are expected to be delivered to their new owners during January 2020, TOP Ships said. Each weighing 39,000 tons, Eco Fleet and Eco Revolution were built at Hyundai Vinash..readmore

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Oman Shipping Company Signs Its 1st Ijara Contract to Finance Two Ships

Posted On: 04-01-2020

Muscat-based Oman Shipping Company (OSC) has completed a USD 80 million Shariah-compliant “Ijara” transaction with Abu Dhabi Islamic Bank (ADIB). The financing facility represents OSC’s first Ijara asset finance transaction, according to Clyde & Co. Specifically, the facility would enable the shipping company to finance two very large crude carriers (VLCCs) and further support its expans..readmore

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Pilot Falls to Death while Boarding Maersk Kensington

Posted On: 04-01-2020

A Sandy Hook Harbor pilot fell while boarding the US-flagged containership Maersk Kensington in the early morning of December 30, 2019. The ship, part of Maersk Line’s fleet, arrived from Algeciras, Spain to the Port of New York and New Jersey when the incident occurred. Based on the initial reports, the veteran pilot fell from an accommodation later sustaining fatal injuries. The U.S. Coast..readmore

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Hyundai Samho Gets USD 280 Mn Orders for Two Ships

Posted On: 01-01-2020

Hyundai Samho Heavy Industries, part of South Korea’s Hyundai Heavy Industries (HHI) Group, has received two new orders that have a combined worth of KRW 323.7 billion (USD 280.2 million). Under the first deal, the shipbuilder will build a very large crude oil carrier (VLCC) for an undisclosed shipowner in Asia. The vessel is expected to be delivered by August 31, 2021, Hyundai Samho said in a..readmore

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Boxship Fully Operational After Allision with Shore Pier in Bosphorus

Posted On: 01-01-2020

Songa Iridium, a containership that ran aground in the Bosphorus Strait in Istanbul on December 27, is now fully operational following engine repairs and a damage assessment. This was confirmed by Germany-based shipmanager Nordic Hamburg Shipmanagement which added that the 2,007 TEU Sub Panamax vessel is expected to depart an Istanbul anchorage shortly. Due to a yet unknown technical issue to So..readmore

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Hyundai Heavy Industries Group Clinches Deals for Six New Ships

Posted On: 26-12-2019

Hyundai Heavy Industries (HHI) Group, the biggest shipbuilder in South Korea, has secured two new orders for a total of six vessels. On December 26, Hyundai Mipo Dockyard, a subsidiary of HHI Group, announced a construction contract for four 1,800 TEU containerships. The deal, signed with an undisclosed Asian company, is worth KRW 119.4 billion (USD 102.8 million). The ship quartet is slated ..readmore

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Navig8 Chemical Tankers Lifts Option for Chemical Tanker

Posted On: 26-12-2019

UK-based Navig8 Chemical Tankers Inc. has declared the option to purchase the 2015-built chemical tanker Navig8 Aquamarine, Oslo-listed shipowner Ocean Yield said. Following the delivery of the 37,000 dwt IMO II chemical tanker to Ocean Yield from its Korean shipbuilder Hyundai Mipo Dockyard in June 2015, the vessel started a 15 years “hell and high water” bareboat charter with Navig8 Chemic..readmore

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Unifeeder Takes Majority Stake in The Feedertech Group

Posted On: 20-12-2019

Short-sea operator Unifeeder has acquired a 77% stake in The Feedertech Group, a Singapore-based feeder and shortsea operator, the company announced. As informed, the remaining 23% shareholding in the group will be retained by the group’s Chairman, Ali Maghami. Established in 2003, the group operates two companies; Feedertech, which is a feedering service and Perma, a regional shortsea network...readmore


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