News

Chemring Marine, the world’s top marine distress signal company, has had a busy Nor-Shipping show marketing products and networking.The company exhibited its world-leading Comet and Pains Wessex marine distress signals at the bi-annual show in Oslo, Norway, from 24-27 May.

Jamaican seafarers and the country’s whole maritime sector are benefiting from the country’s close association with The World Maritime University (WMU).

The latest figures from shipbrokers indicate that ship owners appear to still be active in the second hand vessel purchase market, in fact with rejuvenated interest, although, the sellers’ reluctancy to put more vessels to the market, is trimming

We have seen how the “concept” ship – a design which incorporates clever ideas but awaits serious investment – has emerged. Classification society DNV, which introduced their “Quantum” containership concept in 2010, has been busy again

With demand failing to improve enough to contain the colossal increases in supply, the dry bulk freight market stayed near the dreadfully low levels witnessed last month. The Baltic Dry Index edged up by nine points to an average 1,352 from 1,343 in April.

Noreco 'surprised' at Dong's Siri plan Denmark’s Dong Energy said it had found a permanent solution for repairing the damaged subsea structure of the Siri platform in the Danish North Sea but faces resistance from project partner Noreco.

MAN Diesel & Turbo has introduced its new two-staged turbocharged 18V48/60TS diesel engine. The 18-cylinder vee engine is rated for 1200 kW/cyl at 500 r/min with specific fuel oil consumption of 171.1 g/kWh, while retaining an output of 1050 kW/cyl. Bore and stroke is 480 mm and 600 mm, respectively.

The construction of a 250 megawatt backup power plant in Estonia, valued at $189 million, has been awarded to Wartsila.

H.E. Saeed Mohammed Al Tayer, Vice Chairman of Dubai Supreme Council of Energy, has met with a US delegation to discuss the importance of coordination and collaboration among different parties concerned with commerce. The visit was also intended to highlight the bilateral economic and commercial relationships between the UAE and the USA.

Iraq’s energy minister has announced that his government will spend $77 billion on long-term energy infrastructure, a report by the Hurriyet Daily News has reported.

GE will supply three Frame 6FA gas turbines, associated generators and services for the 300-megawatt combined cycle gas-fired power plant project in Sabah, Malaysia. Using natural gas as its primary fuel, the new plant will reinforce Sabah’s energy infrastructure and help the state meet its growing electricity demand, which is increasing by more than 7 percent annually, the company said.

UK-listed junior Aurelian Oil & Gas is looking to expand resource potential with a new well to be drilled this summer on its Siekierki tight gas project in Poland.

Technical problems an maintenance work on several Norwegian fields saw average output from the country drop by 266,000 barrels per day in May to 1.829 million bpd compared to April.

The federal agency that oversees offshore drilling is finally asking the National Marine Fisheries Service to review the effects that intense, underwater seismic blasts have on whales and dolphins in the Gulf of Mexico. In a notice published , the Fisheries Service says the Bureau of Ocean Energy Management Regulation and Enforcement, the U.S. government agency responsible for permitting oil exploration in the Gulf, requested the regulations

ST Engineering announced today that its marine arm, ST Marine, has won a shipbuilding contract worth about S$171m from Swire Pacific Offshore Operations (Pte) Ltd (SPO), a wholly owned subsidiary of Swire Pacific Limited.

Navios South American Logistics Inc., a subsidiary of Navios Maritime Holdings Inc., yesterday announced that the Company has signed 15-year charter contracts with Petrobras for six product tanker vessels to further expand Navios Logistics cabotage business in Brazil. Navios Logistics anticipates generating approximately $590 million of EBITDA from these contracts

Excel Maritime Carriers Ltd (NYSE: EXM), an owner and operator of dry bulk carriers and an international provider of worldwide seaborne transportation services for dry bulk cargoes, announced today that it has entered into two two-year time charters for its Kamsarmax vessels M/V Coal Hunter and M/V Santa Barbara

Maroussi, Athens, Greece, June 13, 2011, Euroseas Ltd., (NASDAQ:ESEA) an owner and operator of drybulk carriers, containerships and multipurpose vessels and provider of seaborne transportation for dry bulk and containerized cargoes, announced today that its joint venture company,

Navios Maritime Acquisition Corporation ("Navios Acquisition") (NYSE: NNA), an owner and operator of tanker vessels, announced that the Shinyo Kieran, a VLCC vessel of 297,066 dwt, was delivered on June 8, 2011

MAN Diesel & Turbo used the world premiere of its MAN B&W ME-GI gas engine in Copenhagen to present efficiency technologies for its two-stroke engines, namely its WHR (Waste Heat Recovery) systems, that include its TCS-PTG turbines, and which are offered as an integrated solution.