More News

With the entry into service of the Mitsui O.S.K. Lines Ltd (MOL) Iris Ace, Cargotec's growing electric-drive RO/RO references now include the first vessel to have all-electrically-driven RO/RO access. The 4,000-unit pure car truck carrier (PCTC) features an electrically-driven MacGregor stern quarter ramp/door, side ramps and two movable ramps from Cargotec. Iris Ac ...

Two newbuild Floating Storage and Regasification Units (FSRUs) are to have Hamworthy regasification systems.The 170,000 cu.m storage capacity vessels, owned by Hoegh LNG, are being built at South Korea's  Hyundai Heavy Industries. Hamworthy will deliver one  systems to the Ulsan-based shipyard in December 2012 and the second inFebruary 2013.T ...

Maritime unions are up in arms and calling for the resignation of U.S. Maritime Administrator David Matsuda, following the release of a MarAd report that compares the costs of U.S.-flag and foreign-flag vessel operations.The report, a Comparison of U.S. and Foreign-Flag Operating Costs, reaches the conclusion that it co ...

OW Bunker, a leading supplier and trader of marine fuel, today responded to recent claims made by DNV Petroleum Services that suppliers will face a challenge in meeting the demand for fuel oil with a sulfur content of 3.5 percent.  This follows the MARPOL ANNEX VI regulation that will see the global sulfur content of fuel oil reduced from 4.5 percent."Despite r ...

Kvichak Marine Industries, Seattle, Wash., is currently constructing two more 44 ft 11 in x 14 ft 7 in Response Boat Medium – C (RB-M C) vessels for operation by the New York City Police Harbor Unit (NYPD).   Kvichak delivered the first RB-M C, harbor launch  No. 451, to the NYPD in May 2010.  These vessels will be part of the NYPD fleet for miss ...

After one year in service, Washington State Ferries' 64 car ferry Chetzemoka has developed hairline cracks in its propellers, potentially from improperly cast stainless steel.The problem became public knowledge  when State Rep. Larry Seaquist, touring Dakota Creek Industries in Anacortes, Wash., noticed the ferry on a lift with its propellers off and asked ...

Department of the Interior Secretary Ken Salazar and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau today announced that BOEM will hold the first oil and natural gas lease sale in the Gulf of Mexico since the Deepwater Horizon explosion and oil spill.Lease Sale 218 will be held in the Louisiana Superdome in downtown New Orleans on Dec. 14, 2011. The sa ...

Despite weak freight rates and a poor time charter environment, containership operators are ordering ever larger vessels. Though this may seem counter-intuitive, shipbroker Braemar Seascope says it reinforces a trend that is at least five years old. Containership operators cannot control freight rates, especially in a post liner conference competitive environment. They ...

Royal Boskalis Westminster N.V. (Boskalis) announces that discussions are underway with Sudamericana Agencias Aereas y Maritimas S.A. (SAAM) to explore the possibilities and opportunities for a joint towage operation within the American Continent.The intended joint towage operation within the Americas is between SMIT, a wholly owned subsidiary of Boskalis, and SAAM, a wh ...

Teekay Offshore GP L.L.C., the general partner of Teekay Offshore Partners L.P. (NYSE: TOO), reports that Teekay Corporation and Teekay Offshore intend for Teekay Offshore to acquire the Sevan Piranema  floating production, storage and offloading (FPSO) unit directly from Sevan Marine ASA  for approximately $165 million, subject to certain working capital adjustments. The 2 ...