Red ink first quarter for Navios Maritime Holdings

MAY 24, 2017 — Navios Maritime Holdings (NYSE:NM) reported first quarter 2017 results that saw revenues drop to $95.3 million compared to $101.4 million in the corresponding 2016 quarter while losses grew

First Philippines STS LNG transfer, more to follow

MAY 24, 2017 — Koch Supply & Trading (KS&T) reports the completion of the first what it says will be “multiple and regular” ship-to-ship (STS) LNG transfers with private Chinese company JOVO

Bollinger wins SCA Safety Award for twelfth year in a row

MAY 23, 2017 — Bollinger Shipyards was presented the 2016 “Award for Excellence in Safety” at the Shipbuilders Council of America (SCA) recent Annual General Membership Meeting in Washington, DC. This marks

Odfjell buys 2009-built chemical tanker

MAY 23, 2017 — Odfjell SE reports that it has purchased the M/T Argent Eyebright. The vessel was delivered in November 2009 by Kitanihon Shipbuilding in Japan. The vessel has 16 stainless

Jan De Nul orders 6,000 cu.m hopper dredge

MAY 23, 2017 — Belgium’s Jan De Nul Group has signed a contract with shipbuilder Keppel Singmarine Pte.Ltd. for the construction of a 6,000 cu.m trailing suction hopper dredge (TSHD), bringing its

LPG-fueled COGES ferry design marks a milestone

MAY 23, 2017 — GE’s Marine Solution’s reports that the world’s first liquid propane gas (LPG)-fueled ferry design to use GE’s  (COGES) system has successfully completed Hazard Identification (HAZID) meetings. The ferry

LCS 12 completes acceptance trials

MAY 23, 2017 — Naval Sea Systems Command reports that the Navy’s future USS Omaha (LCS 12) successfully conducted its acceptance trials May 12 after completing a series of graded in-port and

MOL to build Japan’s first LNG-fueled tugboat

MAY 23, 2017 — Mitsui O.S.K. Lines (MOL) is to build Japan’s first LNG-fueled tugboat. It will conform to the IGF code issued in January of this year and will be subject

Samsung Heavy books $100 million LNG carrier order

MAY 23, 2017 — South Korea’s Samsung Heavy Industries Co., Ltd. has won a $100 million contract to build two 7,500 cu.m LNG carriers for Kogas. Kogas will use the vessels to

USCG responds to towing vessel grounding

MAY 23, 2017 — Coast Guard crews responded to an uninspected towing vessel taking on water prior to running aground in the Calcasieu Ship Channel, early Monday morning. At 3:45 a.m., the

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