News


Ocean Yield Adds LR2 Tanker Trio

Norwegian ship owner and operator Ocean Yield ASA has taken delivery of three long range 2 (LR2) product tankers built in China.The three LR2 product tankers are Navig8 Pride (2018-built), Navig8 Providence (2018-built) and Navig8 Prestige (2019-built).

Grieg Star Adds Newbuild to Fleet

Norwegean shipping company Grieg Star has taken the 64,000 DWT Star Gaia on a long term tariff contract (lTTC) deal for seven years.Star Gaia is a part of the G2 Ocean bulk pool.  G2 Ocean is a joint venture of two of the breakbulk and bulk shipping companies: Gearbulk and Grieg Star.

Meyer Turku Delivers Costa Smeralda

Finish shipbuilder Meyer Turku delivered liquefied natural gas (LNG)-fuelled Costa Smeralda to its Italian owner Costa Cruises, a brand of Carnival Corporation.The brand's new flagship Costa Smeralda becomes Carnival Corporation's fourth new ship of 2019 and its second LNG-powered ship.

New Jet Propulsion Systems for WorkBoat

Boston-based Sea Machines Robotics announced has successfully commissioned an SM300 autonomous control system aboard a HamiltonJet-powered workboat in New Zealand.HamiltonJet is now trialing this marine

Jan De Nul Cuts CO2 in Dredging Work

Jan De Nul Group, the international  dredging company, said that the maintenance dredging works in the marinas of Nieuwpoort on the Belgian coast got underway.“What makes this project so unique, are the CO2-reducing measures taken by Jan De Nul Group.

TEN Extends LNG Carrier Charter

The diversified tanker operator Tsakos Energy Navigation (TEN) announced the extension of one of its liquefied natural gas (LNG) carriers for a minimum one-maximum three-year period.The Greek shipping

CME Adds Two Delivery Points to WTI Houston

CME Group on Thursday said it would add two more delivery points for its WTI Houston crude futures contract, pending regulatory review, as it seeks to provide customers with additional options to hedge physical price risk.

JAXPORT Board Extends CEO Green’s Contract

During the December meeting of the JAXPORT Board of Directors, the Board unanimously voted to extend CEO Eric Green’s contract through fiscal year 2024. The new five-year contract is effective October 1, 2019.

DNV GL and Huangpu-Wenchong Sign JDP

DNV GL entered into a Joint Development Project (JDP) with Huangpu-Wenchong Shipbuilding Company (HPWS) on a 5,000 TEU LNG dual-fuel containership. Wu Ronghui, HPWS Deputy Chief Engineer, and Falk Rothe, Head of DNV GL’s Technical Center China, signed the JDP.

Port Operator ICTSI to Double Capacity at Congo Terminal

Philippines-based port operator International Container Terminal Services Inc. (ICTSI) will more than double the capacity of its container terminal in Congo as part of a $100 million expansion, the company said on Thursday.

NORDEN Examining Biofuels

NORDEN partners with Danish based Kvasir Technologies, a spinout from the Technical University of Denmark with a patented technology to produce fuel from plant material.“At NORDEN, we want to drive the shipping industry towards a cleaner future.

Interview: Ed Grimm, CEO, Southern Towing Company

“In God we trust. All others must have data.”When Ed Grimm took the helm of Southern Towing Company (STC)as President and CEO, he inherited an enviable team of leaders, engineers, mentors, communicators and analysts.