Maritime Economy

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  • Unique LNG-Fuelled Ro-Ro Enters Service

    Searoad Mersey II

    2016 Dec 15

    Unique LNG-Fuelled Ro-Ro Enters Service

    A unique LNG-fuelled ship operated by SeaRoad of Australia has arrived at its home port, Devonport, Tasmania. Searoad Mersey II is the first coastal ship in Australia to use LNG fuel and the first pure dry cargo ship in the world to use a...

  • Scorpio Bulkers Inc. Announces Time Charter-Out Agreement

    scorpio-bulkers-charters-out-newbuild-kamsarmax

    2016 Dec 14

    Scorpio Bulkers Inc. Announces Time Charter-Out Agreement

    Scorpio Bulkers Inc. (NYSE: SALT) (the "Company") announced this week that it has entered into a time charter-out agreement for one Kamsarmax vessel.

  • DNV GL to Class Crystal Yachts

    MVW_Endeavor_Class-fill

    2016 Dec 13

    DNV GL to Class Crystal Yachts

    MV Werften, Genting's shipyard group, said it had contracted with DNV GL for the classification of the Endeavor-class yacht vessels for Crystal Cruises.

  • Nova Scotia Megaport Secures Prominent Sponsor

    Novaporte

    2016 Dec 13

    Nova Scotia Megaport Secures Prominent Sponsor

    The proposed deepwater terminal at Port of Sydney, Nova Scotia has secured a powerful sponsor: Ports America, the largest U.S. terminal operator with assets in Baltimore, PNY&NJ, Norfolk, Los Angeles and Houston, among many other locations.

  • History, power blowing in the wind

    Block Island Wind

    2016 Dec 13

    History, power blowing in the wind

    The Block Island Wind Farm is producing power commercially, the first offshore wind farm to deliver energy to the American power grid, project developer Deepwater Wind announced this week.

  • Clarksons Research: Car Carrier Sector Braces For a Bumpy Road Ahead

    car-carrier-sector-braces-for-a-bumpy-road-ahead

    2016 Dec 12

    Clarksons Research: Car Carrier Sector Braces For a Bumpy Road Ahead

    The car carrier sector has seen an increase in scrapping and almost no new orders in 2016 as vessel owners are trying to combat a decline in global seaborne car trade, according to Clarksons Research.

  • Diana Shipping Finds Work for Newcastlemax Newbuild

    Diana Shipping

    2016 Dec 12

    Diana Shipping Finds Work for Newcastlemax Newbuild

    Greek shipping company Diana Shipping has entered into a time charter contract with Koch Shipping, Singapore, for San Francisco, one of its Newcastlemax dry bulk vessels which is currently under construction in China.

  • Tanker operators hope new routes will offset impact of OPEC cut

    tanker

    2016 Dec 12

    Tanker operators hope new routes will offset impact of OPEC cut

    Tanker owners are bracing for a volatile year ahead after enjoying some of the highest charter rates since 2008, with OPEC plans to curb crude output potentially cutting rates by more than 40 percent.

  • Hyundai Merchant Marine forms tie-up with 2M alliance

    Hyundai Merchant Marine

    2016 Dec 12

    Hyundai Merchant Marine forms tie-up with 2M alliance

    Heavily indebted South Korean shipper Hyundai Merchant Marine Co Ltd (HMM) said last week it has agreed with the 2M shipping alliance to form a cooperative relationship that falls short of full-fledged membership

  • ABB's Zero-Emission Ferry Project

    Tycho Brahe

    2016 Dec 10

    ABB's Zero-Emission Ferry Project "Gathering Pace"

    ABB this week said its project to covert two HH Ferries AB's (HH Ferries') vessels into what are expected to become the world's largest zero-emission battery-powered ferries is "gathering pace" after Ă–resund Dry Docks AB (Ă–resund) was selected to construct the related shore side charging arm.

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