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
US-based owner and operator of dry bulk vessels Eagle Bulk Shipping announced that it has taken delivery of the first of six modern Ultramax drybulk vessels the Company has previously agreed to acquire.The ship, which has been renamed the M/V Dublin Eagle, is a 2015-built, high specification scrubber-fitted SDARI-64 Ultramax vessel built at Jiangsu New Hantong Ship Heavy Industry Co.
Eagle Bulk Shipping announced a $100 million convertible note offering in a private placement to qualified institutional buyers.Eagle Bulk intends to use the net proceeds from the offering to fund a portion of the aggregate purchase price of up to six modern high-specification Ultramax vessels and for general corporate purposes, including working capital.
International mining company BHP BHP floated a bulk carrier tender for LNG-fueled transport for up to 27 million tonnes of its iron ore.The Melbourne-based resource company said in a release that this is the world’s first bulk carrier tender for LNG-fueled iron ore vessel.The mining giant is considering LNG as a way to eliminate nitrogen oxide and sulfur oxide emissions by launching the world’s
China's two largest shipbuilders are planning to merge, their listed arms said in separate exchange filings on Monday, the latest to join a wave of mergers among state-owned enterprises as the government overhauls the sector.The move by China Shipbuilding Industry Corp (CSIC) and China State Shipbuilding Corp Ltd (CSSC)
China's iron ore futures extended gains on Friday after touching a record high in the previous session, as concerns persisted over tight supply amid declining shipment from Rio Tinto and expectations of strong demand.Mining giant Rio Tinto on Wednesday lowered its guidance on volumes of iron ore it expects to ship from the key Pilbara producing region in Australia for the third time since April.
The guided-missile destroyer USS Fitzgerald launched from dry dock and is moored pier-side in Mississippi, a step closer to being fully repaired after a 2017 collision that left seven sailors dead, the Navy said.The U.S. Naval Sea Systems Command says the USS Fitzgerald launched out of a dry dock Tuesday at Ingalls Shipbuilding in Pascagoula, Mississippi.
The seabed survey and ocean exploration company Ocean Infinity announced that its vessel, Seabed Constructor, sets sail from Cape Town to begin the search for the lost South Korean ship, Stellar Daisy.Stellar Daisy sank on 31 March 2017, with the tragic loss of 22 of its 24 crew. The ship, which was transporting iron ore from Brazil to China
U.S. based Ocean Infinity said it has been awarded a contract from the Government of South Korea to search for the wreckage of lost bulk carrier Stellar Daisy, which sank on on March 31, 2017, with 24 people on board.The Stellar Daisy was transporting iron ore from Brazil to China when it was lost in the South Atlantic Ocean, approximately 2,500 nautical miles due east of Uruguay.
The U.S. Navy has awarded General Dynamics Bath Iron Works a contract to build a fifth DDG 51 destroyer as part of the multi-year award announced in September. General Dynamics Bath Iron Works is a business unit of General Dynamics (NYSE: GD).In the most recent multi-year competition, BIW was awarded four ships.
Crowley Maritime Corp. has taken delivery of Taíno – the second of two of the world’s first combination container/roll on-roll off (ConRo) ships powered by liquefied natural gas (LNG) – from shipbuilder VT Halter Marine Inc., of Pascagoula, Miss.Taíno will soon join sister ship El Coquí, which was delivered in July, in providing fast
With the ongoing development of deepwater pre-salt plays and a decreased demand on local content in tankers and other vessels, Brazilian national operator Petrobras and other super-majors have been looking abroad for better rates and reliable operators of shuttle tankers. Claudio Paschoa, Maritime Reporter’s correspondent in Brazil spoke to Peter Liew, Global Director – Mid Size Tankers