Siem PCTCs sport MAN ES engines, turbochargers and propellers -- Each ship is estimated to cut CO2 emissions by up to 25%, NOx by up to 30%, particulate matter by up to 60%, and SOx almost completely.Siem Confucius and Siem Aristotle are the names of the new pure car truck carriers (PCTCs), significant in that they are the world’s first trans-Atlantic PCTCs to operate full-time on LNG.
Greece-based Onex Elefsis Shipyards announced that it will allocate up to $400 million, over a 15-year period, to purchase and finance the operation of the Elefsina Shipyards, west of Piraeus.The Greek shipyard said that the US investment firm Chatsworth Securities has agreed with it to make an investment, as part of efforts to save the complex from bankruptcy.
Incat Crowther announced the delivery of Shadow Cat HODOR, significant in that it is the first in the Shadow Cat range which for Incat Crowther.Design and naval architecture was by Incat Crowther, project management and technical consultation by Robert Smith of YCTS and construction by Astilleros Armón at their Burela shipyard in Spain.
“I think it is very early to project what will be the fuel of the future. I think that it will be much more clear in January 2020 (when the new IMO fuel rules enter force) and we see the direction of fuel costs.”To start, put in perspective the current pressure to reduce emissions in the maritime industry.
U.S. President Donald Trump agreed with Democratic leaders on Tuesday to spend $2 trillion on roads, bridges, water, broadband and power grids, Senate Democratic Leader Chuck Schumer said on Tuesday after a White House meeting.Trump and Democratic leaders are slated to meet again in three weeks to discuss how the "big and bold" plan - which would need the approval of Congress - would be paid for
The tanker shipping market continued to be volatile during the first quarter of 2019, but at a higher level than in the corresponding quarter the previous year, said Concordia Maritime.After the sharp rise at the end of 2018, some tanker market segments have now slowed down again, said the international tanker shipping company.
Brazil is a country with a coastline over 7,000 km long, bathed to the east by the Atlantic Ocean. Along this coastline and offshore is where the country develops its fisheries activities, maritime trade and the exploitation of a variety of biological and mineral resources. The incredible environmental and financial wealth found in these waters
Middle East natural gas giant Qatar Petroleum (QP) issued an invitation to tender for the reservation of ship construction capacity required for a fleet of over 100 liquefied natural gas (LNG) carriers.The world’s largest LNG producer said in a statement that the vessels will serve QP’s North Field Expansion (NFE) project which will increase Qatar’s LNG production capacity from 77 million tons
A cruise industry veteran of more than 25 years, Nikolaos Doulis, Lindblad Expeditions’ SVP, New Buildings, discusses with Maritime Reporter & Engineering News the build plan for “the best expedition cruise ship ever built.”Born in Greece to a seafaring family, Nikolaos Doulis was destined for a maritime career.
Twin City Liner is a 39m low wash, high-speed catamaran ferry for operation by Twin City Liner on the Danube River between Vienna and Bratislava. The vessel was built by Wight Shipyard, with local support from Incat Crowther Europe.Operating on the Danube takes many interesting design specifications, and to this end the ferry features a low draft of 0.
Resulting entity would control about 20 pct of global market; Daewoo shares rally 22 pct; Hyundai Heavy shares fall.Hyundai Heavy Industries, the world's biggest shipbuilding group, has announced a share swap deal worth 2.1 trillion won ($1.98 billion) to take over second-ranked Daewoo and create a global heavyweight controlling over 20 percent of the market.
South Korea's "Big Three" shipbuilders may soon become the "Big Two". South Korea’s Hyundai Heavy Industries (HHI) has expressed interest to buy its rival Daewoo Shipbuilding & Marine Engineering (DSME), the local media has reported.The world’s biggest shipbuilder plans to buy a majority stake in in second-ranked rival from the state-run Korea Development Bank (KDB)