Latest News – Page 1065
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Teekay finalizes acquisition of Tapias
Teekay Shipping has now completed its acquisition of Naviera F. Tapias (Tapias), and has formed a 50/50 joint venture company with the former shareholders of Tapias to pursue new oil and gas shipping opportunities in Spain. Teekay has acquired Tapias for a total value of approximately $810 million and, in ...
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LASCO newbuilding contract confirmed
The Latvian Shipping Company (LASCO) has confirmed that the order it placed with the Croatian shipbuilder 3 Maj earlier this year in January for eight handy-size product tankers has now come into effect. The receipt of a Croatian bank?s guarantee, stipulated in the contract to protect LASCO against the non-performance ...
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China designs Vietnam boxship
The Shanghai-based Marine Design & Research Institute of China signed a contract to design a container ship for Vietnam. This 564 TEU boxship will be the first of its type to be built in Vietnam.
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Schat-Harding and Unitor team up
Lifeboat specialist Schat-Harding has teamed up with Unitor Ships Service to strengthen after-sales service for the cruise industry in the Miami and Fort Lauderdale area. Unitor will act as a marketing agent for Schat-Harding and provide logistics support for cruise ship life-saving equipment service for all cruise ships using Florida's ...
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The less the sulphur, the more the problems
Adopting lower sulphur levels in marine fuel oils is the objective of the International Maritime Organisation (IMO) as it endeavours to reduce atmospheric pollution from shipping. However, will this create more problems than it solves?Sulphur levels are one of the principal gaseous and particle emissions from ships and depend on ...
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Action time for Water Ingress Monitoring Systems
With the imminent introduction of the IMO regulations affecting bulk carriers, shipowners and operators will be required to install water ingress monitoring systems (WIDS) in order to comply with regulation 12 of SOLAS Chapter XII, IACS UR S24 and the IMO performance standard for water level detectors. This will affect ...
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Big is beautiful in the world of ore carriers
MOL and K Line opt for very large ore carriers to satisfy growing world demand for iron ore and other raw materials.Mitsui O.S.K. Lines (MOL) signed an agreement last month with Nippon Steel Corporation, one of the world's largest steel companies, to develop and build one of the largest iron ...
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Tankers on ice ? the flavour of the moment
The oil and gas resources of the Arctic and Far Eastern areas of Russia are the worlds biggest energy reserves outside the OPEC countries and, because of their geographical location, they are an important source in meeting the energy needs in Europe and North America. The transportation of crude oil ...
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Designing for cost
Commercial common sense without compromising capability in warship design.Warships are, for the most part, bespoke items. Low production runs, unique requirements, tightly defined specifications combined with a need for exceptional capability and reliability has traditionally meant that off-the-peg solutions have never been seen as acceptable. Is cost an issue?However, as ...
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Ice-class, a brief summary
With the surge in orders for ice-class tankers, an understanding of the who, why, when and where of ice-class classification is becoming more relevant to a growing number of shipowners. Basically, this classification will be a requirement for vessels trading in coastal states with seasonal or year-round ice-covered oceans and ...
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Double hulls are not the panacea
Continuous improvement in quality and safety is a must for the maritime sector. "The public should be more aware that ships are the best means of transport for the safety of lives and protection of the environment," said Ugo Salerno, CEO and director general of RINA and chairman of the ...
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Landmark anticorrosion measure
Newly developed anticorrosive steel plates offer environmental friendly and cost effective solution to pitting corrosion.The damage caused to steel plates by pitting corrosion can result in holes several millimetres wide. The bottom plates of VLCCs' cargo tanks have a tendency to be damaged by such corrosion, which in turn presents ...
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Enhancing propeller performance
When it comes to surface condition, the hull is generally considered more important than a vessel?s propeller. However, in terms of energy loss per unit area, propeller surface condition can be significantly more important. Also, in economic terms, ensuring a prop?s condition through effective maintenance can be relatively cheap and ...
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It?s not magic, but it?s more than just a neat lightshow
The 3D laser scanning system captures, visualises and models complex structures and sites with an unprecedented combination of completeness, speed, accuracy and safety.Provide Solutions, based in Scottsdale, Arizona, is developing 3D scanning system technology for use in the marine industry and has conducted a pilot test in partnership with ConocoPhillips ...
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Inert gas analysis to stand the test of time
The measurement of oxygen in inert gas is vital in ensuring the safety of a tanker. But what gas analysis technologies are available and why is robust instrumentation and accurate measurement so important?There is a well-used adage that in order to manage anything, you first need to be able to ...
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Are two hulls better than one?
Double hulls are now a mandatory requirement for tankers and there can be no going back on this decision but I do not believe it is the universal answer to tanker safety that some would claim.It seems strange to me that if the cause of so many accidents and structural ...
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Daewoo woos Exmar for another LNG carrier
Exmar, the Belgian shipping company, has placed an order for a LNG RV (LNG regassification vessel) with the Korean shipbuilder Daewoo (DSME) at a cost of $200 million. The vessel, the ownership of which will be a 50/50 joint venture with Texas-based Excelerate Energy LP, will be constructed using the ...
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Hanjin clinches massive new order
The Korean shipbuilder, Hanjin Heavy Industries, recently secured two orders for container ships. The first contract is for four 5,100TEU vessels valued at $270 million from Niki Shipping in Greece while the second is for two 3,400TEU container ships worth $100 million from Schoeller Holdings in Cyprus. The Niki newbuildings ...
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UK government to block submarine yard sale
Worried about national security, the UK government appears to be adamant that BAE Systems' sale of its shipbuilding arm should not include its submarine yard at Barrow in Furness. The Ministry of Defence (MoD) is reportedly concerned over a change of control of Britain's only nuclear submarine builder which is ...
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CSSC seeks Japanese allies
China State Shipbuilding Corporation (CSSC), China?s largest shipbuilding group, is seeking further exchanges and co-operation with Japanese shipbuilders to meet the growing demand for newbuildings from foreign and domestic shipping companies. Speaking at the biennial Sea Japan International Maritime Exhibition and Conference, CSSC president Chen Xiaojin said "Known as one ...
