China on Tuesday formally established China Shipbuilding Group, which the country's government-run broadcaster described as the world's largest shipbuilder.The group's establishment, reported by China Central Television (CCTV), comes after Beijing last month approved the merger of the country's two largest shipbuilders, China State Shipbuilding Corp and China Shipbuilding Industry Co.
AET, a petroleum tanker owner and operator, has named its newest vessels, two of the world's first LNG Dual-Fuel Dynamic Positioning Shuttle Tankers (DPSTs). The vessels, the cleanest DPSTs ever built, will emit 40-48% less carbon than equivalent vessels built in 2008, meeting the International Maritime Organization's (IMO) target of reducing carbon (CO2) emissions by 40% against 2008 baselines
The hard-fought passage of VIDA promises a simpler, more unified and logical set of environmental standards related to the discharge of myriad vessel streams. Industry wanted it, and now it is here. Will it deliver, and if so, when? That depends on who you talk to.As most commercial maritime operators know, US ballast water regulations made a sharp turn last December.
A section of the the lower Mississippi River has been closed to vessel traffic after a towing vessel sank near Baton Rouge, La., Thursday, the U.S. Coast Guard said.The Coast Guard said its watchstanders in New Orleans received a report at 11 a.m. that the towing vessel Michelle Anne sank at Baton Rouge General Anchorage near mile marker 226 on the Mississippi River.
As the first 6,000 tonne concrete “foundation” for Aberdeen Harbor’s $466m expansion has arrived from Cromarty Firth, the harbor expansion project has reached a new landmark stage.The 50m long, 15m wide and 16m deep caisson is the first of 22 that will form the foundations for Castlegate and Dunnottar Quays, which will be 540m and 400m long respectively.
At Fincantieri's Monfalcone shipyard, Fincantieri and Princess Cruises celebrated three construction milestones of three “Royal” class ships.The festivities started with the traditional steel cutting for the sixth and last Royal-class ship, still unnamed, from the shipyard of Castellammare di Stabia (Naples).
Kitack Lim, Secretary General of the International Maritime Organization (IMO), will be taking the stage at Nor-Shipping 2019’s Ocean Leadership Conference on June 4, to talk about the future of maritime regulations. Lim will join an elite group of global thought leaders at the Thon Hotel Arena Lillestrøm, adding to a program designed to deliver insights on issues ranging from cyber security
Subsea services company Aqueos Corporation said it has entered into a multi-year agreement with vessel owner Otto Candies for the charter of the US-built multi-role DP-2 diving support vessel (DSV) Kelly Ann Candies.The high spec vessel has a built-in 14-man Draeger saturation diving system complete with three-man bell, moon-pool bell launch with cursor, self propelled hyperbaric lifeboat (SPHL)
China's COSCO Shipping Holdings Co Ltd said trade frictions and high oil prices pose risks for the global shipping industry this year, after confirming on Friday that its net profit for 2018 fell by more than half.The state-owned company, the world's third largest container shipping line, said net profit attributable to shareholders slid 53.8 percent to 1.2 billion yuan ($178.