Hydroid Introduces New Capability for Lightweight Autonomous Underwater Vehicles Line Capture Line Recovery (LCLR) enables autonomous launch and recovery of a vehicle Pocasset, Mass. - December 15, 2015 - Hydroid, Inc., a subsidiary of Kongsberg Maritime and the leading manufacturer of marine robotic systems, today announced the release of Line Capture Line Recovery (LCLR), a self-contained module that is initially...
Van Oord names new cutter suction dredger Mangystau Rotterdam, 16 December 2015 - Van Oord has named a new cutter suction dredger at the yard of Damen Dredging Equipment in Nijkerk, the Netherlands. The vessel, which was given the name Mangystau, is the second modified Damen CSD 650 cutter suction dredger in the Van Oord fleet. The naming...
Public-private port developments power South Korean economy Busan New Port in development. Credit: Busan New PortEasing barriers of entry to private participation in port development has reaped rewards for South Korea. Under the Second Port Hinterland Development Programme, Busan, Incheon, Pyeongtaek-Dangjin, Ulsan, and Gwangyang, worked with manufacturing and logistics companies to develop the port hinterland. According to a statement...
KSS Line orders another VLGC KSS Line CEO Lee Dae Sung. Credit: Lee Dae SungSouth Korean chemical and LPG shipping company KSS Line said on 21 December that it has ordered an 84,000 m³ very large gas carrier worth KRW92 billion (USD77 million) at Hyundai Heavy Industries in anticipation of winning more long-term shipping contracts. The ship would be built...
Box ship charter market fades Four geared, 3,800 teu over-Panamaxes were fixed by Hapag-Lloyd. Credit: AffeldtDownward pressure on charter rates for container ships remains fierce as the year nears its close. The New ConTex dropped another 1.2% last week, to 339 points. Year on year, the charters are down 9%. Geared 2,500 teu, gearless 2,700 teu...
National Oceanography Centre looks to advanced autonomous systems future SeeByte at the Loch Earn trials in November 2015. Credit: SeeByteMarine robotic vehicles are revolutionising marine science by increasing the extent and quality of collected data, but currently require intensive human input for tasks such as piloting. The Autonomous Adaptive Ocean Sampling Network (AAOSN) programme aims to solve this problem...
Ports on US West Coast not ready for mega ships The US West Coast is not yet ready to handle regular calls from 18,000 teu vessels despite CMA CGM's deployment of mega ship Benjamin Franklin on the trade, according to Drewry. Ports on the West Coast have much work to do in terms of improving productivity if they are to...
Ferry sinks in Indonesia leaving 80 missing Eighty people are missing after a passenger ferry sank in Makassar, Indonesia, because of stormy weather. The fiberglass ferry was under way from Kolaka to Siwa town in Sulawesi province, Indonesia, on 19 December 2015. A storm occurred and the vessel was hit by waves more than 3 m high, causing...
Ezra wins USD70 million subsea contracts Singapore-listed offshore service provider, Ezra Holdings has secured subsea contracts worth USD70 million in Asia and the Middle East despite the market down cycle. Furthermore, the latest contracts feature a new client, a national oil company based in the Middle East, as well as a pipeline installation work for another national...
No verified weight by EDI, no box accepted, terminal tells carriers Maher Terminals' Port of New York-New Jersey operation. Credit: Maher Terminals.Specifics on how the logistics chain will handle the new verified weight rules are beginning to emerge with Maher Terminals notifying the trade that it will only accept containers for export if carriers have provided the verified weight by EDI...
Navios Acquisition secures two-year time charter for a VLCC The seven-year-old, 297,395-dwt VLCC has been chartered out for two years, at a rate of $40,488 net per day
IMO postpones ballast water decision until early 2016 Verification of tonnage data will be released in early 2016 but if conditions are met entry into force will be November 2016
D'Amico sells a handysize product tanker for $13m D'Amico Tankers will maintain the commercial employment of the vessel upon the sale to SW Cap Ferrat Shipping
N-KOM becomes preferred repair yard for Angelicoussis ships Qatari yard gets an edge for 110-ship fleet
Commission accepting applications for European ship recycling list First version of list due to be published in 2016
A tale of two trades for transatlantic operators Eastbound and westbound traffic continues to reflect the economic fortunes of Europe and North America
Knot expects to keep cash distribution stable Shuttle tanker owner moves to calm market fears after sell-offs in shipping MLPs
Skuld quadruples bottom line to $20m Norwegian insurer announces $5m credit for mutual members
Mid-sized carriers strengthen market position Top 21-40 ranked carriers prosper at the expense of smaller lines, says SeaIntel
No Christmas cheers for handies Freight rates drop further as owners cover holiday periods
VLCC spot earnings edge higher on strong Middle East trade Benchmark TD3 rate continues to hit fresh seven-year highs
Rem Offshore sells CSV, delays newbuilding Market conditions lead to 12 month delay for Vard OCV
Teekay and the death of MLP profit sharing Benefit of Master Limited Partnership ownership model in doubt as Teekay set to forgo $58m in annual profit sharing
Höegh Autoliners and Ocean Yield make charter amendments Both parties agreed to switch to floating interest rate basis charters for four ships
Lloyd's List North American Awards 2016 open for entries The search for the best and the brightest that shipping has to offer is on
House of Representatives approves act to strengthen cyber security at US ports Bill now heads to US Senate for debate and consideration
Dynagas LNG Partners to buy gas carrier from company's sponsor Carrier currently chartered out to Gazprom Global LNG until October 2018
CMA CGM buys Singapore-listed NOL shares in open market NOL shares bought at a discount to CMA CGM's $0.92 offer price
39 passengers rescued from sunk Indonesian ferry 80 still missing with three casualties retrieved so far
China Merchants Energy Shipping firms up orders for six VLCCs Building price is $87m per vessel
SeaLand launches new service for Gulf of Mexico and Eastern and Central US New service to benefit producers and exporters of perishable goods to the US
New European and US orders highlight continued interest in LNG as a marine fuel Shell orders 15 gas-powered inland barges while LNG bunker barge ordered in US to help refuel Tote's new dual-fuel boxship pair
Trust and the salvor Going beyond the old raffish notion of the salvor as a sort of latter day Blackbeard, the International Salvage Union is confronting the modern-day sector's reputation
Navios gains on clean tanker re-charters New York-listed firm sees higher rates on charter extensions thanks to good demand.
ISH heads to over-the-counter stock market New York Stock Exchange delists diversified shipowner as a result of market capitalisation.
Aframaxes to see initial US export gain Shipbroker also says ending ban on US crude exports will also hamper Jones Act tankers.
Dorian LPG adopts takeover protection 'Poison pill' plan aims to safeguard against buying up controlling stake on the cheap.
TOTE Maritime facing $3m in cargo claims Car maker Nissan pursuing largest claim so far. Crew complaints continue to stack up.
Navios confirms VL deal, secures $44m loan New York-listed owner nets $21.8m charter alongside funding for products tanker pair.
Grand China sheds capesize bulker Chinese owner secures north of $20m for five-year-old ship, brokers say.
GasLog to keep up payouts The US-listed firm plans no change in cash distributions as investors fret over cuts.
d'Amico in $13m sale and leaseback Marco Fiori-led owner secures a deal on its oldest tanker that sets it up for retirement.
EU wants Greek tax review European Commission is concerned the tonnage tax system in crisis-hit country is not well-targeted.
Qingdao sells modern bulker to compatriot Chinese owner is said to have fetched $10m for a three-year-old panamax.
Fredriksen turns to Sandbox for rig play New investment vehicle will host tycoon's hunt for distressed deals in the offshore sector.
Hanaro scraps capesize South Korean owner latest to weigh in cape in active demolition year for the sector.
Vopak sells UK assets Dutch tank storage firm continues its divestment programme with the disposal of English terminals for $500m.
Greek tied to Daiichi bulker buy Team Fuel said to have snapped up handymax in fleet renewal effort.
Skuld set for bigger bonus A premium credit above that previously guaranteed appears to be in prospect for the shipowner members of the Skuld protection and indemnity club.
Winners all round after takeover saga Pareto Securities says Avance, Aurora and BW LPG can take positives from hostile takeover battle.
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