News


Piloting Shipping’s Fourth Industrial Revolution

Vessels today have the capability to gather information and data from a wide variety of sources. This data can inform the crew about the impact of acceleration on the hull, provide updates on lubrication use during slow steaming,

Grainger Named IMCA President and Chairman

Trade association International Marine Contractors Association (IMCA) announced that Iain Grainger is its new President and Chairman of the Board. Grainger, Vice President Commercial at McDermott, takes over from Harke Jan Meek.Pieter Heerema from Allseas becomes the new Vice President. 

New Generation of RoRo Vessels Unveiled

Naval architect KNUD E. HANSEN reports it has signed a contract with Chinese shipbuilder Nanjing Jinling Shipyard to develop the basic design of a number of large RoRo vessels, based on a Grimaldi/KNUD E.

First LNG Bunkering of Fure Vinga in Europe

On May 19, 2018, the new build chemical tanker “Fure Vinga” bunkered LNG for the first time in Europe, receiving 120 tons of LNG in a truck-to-ship operation in the port of Cartagena. In total, 6 trucks of LNG were brought to the Spanish port and transferred to the vessel.

Gunvor, Oceangold and Maas Capital Form Tanker JV

A new ship holding company has been formed through a joint venture agreement between physical energy trader Gunvor Group, ship management company Oceangold Tankers and investor Maas Capital.The three partners hold an equal share in the new company,

Muted Capesize Activity Weighs on Baltic Index

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the sixth straight session on Tuesday, dragged down by lower demand for capesize vessels.

US Sorghum Ship Switches Destination from Spain Back to Asia

The RB Eden vessel carrying 70,000 tonnes of U.S. sorghum turned around just before reaching the Spanish port of Cartagena and is now heading to Singapore, Thomson Reuters Eikon ship-tracking data showed.

China and Shifting Seaborne Iron Ore Dynamics

The seaborne iron ore market appears to be in something of a sweet spot currently, with largely steady demand and prices that have been flatlining for the past couple of months. Of course, another way of saying that a market is enjoying relatively stable and good times is that it's boring,

Obituary: Hans Gerhard Kahn, Founder, Jumbo

Jumbo, the maritime heavy lift company, announced that its founding father, Hans Gerhard Kahn, passed away at the age of 95 (1922-2018). Kahn passed away on Friday 18 May in Caesarea, Israel. Kahn realized

Kalmar to Help Borg Havn IKS Improve Productivity

 Kalmar, part of Cargotec, has been awarded a contract for the automation retrofit of two Kalmar rubber-tyred gantry cranes (RTGs) by Borg Havn IKS, Norway. The order, which also includes a one-year maintenance and support agreement for the automation software,

Diana Containerships Sells m/v Puelo

 Diana Containerships has announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party the 2006-built vessel “Puelo”, with delivery to the buyer by latest June 30, 2018, for a sale price of US$20.

Wabtec and GE Transportation to Merge

 Wabtec Corporation has entered into a definitive agreement to combine with GE Transportation, a unit of General Electric Company. The combination will make Wabtec a Fortune 500, global transportation leader in rail equipment, software and services, with operations in more than 50 countries.