European shipowners have urged EU Member States to adopt a clear, long-term and above all harmonised position on the issue of the discharges of washwater produced by open-loop scrubbers installed on ships. “Scrubbers are devices that use water to wash unwanted substances from an exhaust gas stream”
The International Chamber of Shipping (ICS) and its member national shipowners’ associations are engaged in the final flurry of lobbying for removing implementation hurdles of the International Maritime Organization (IMO) Ballast Water Management Convention. The Convention is expected to enter into
Making money by investing into ships on speculation is limited, despite the fact that prices of ships are pretty low, Nils Smedegaard Andersen, Chief Executive Officer, A.P. Møller-Mærsk said yesterday in a keynote speech at Danish Maritime Days taking place in Copenhagen. As explained by Andersen,
Japanese shipping company NYK has concluded a time-charter contract with Mitsui & Co. Ltd. for a new liquefied natural gas (LNG) carrier for the Cameron LNG project based in the U.S. state of Louisiana. NYK said that the ship would be delivered in 2018 and assigned to transport the project’s LNG for
Various speakers from the offshore industry will provide an update on the latest in offshore ship concepts, design and construction during the Offshore Energy 2014 exhibition and conference in Amsterdam later this month. These will include updates on: What’s on the drawing board, what’s being built
Speaking at the inaugural Danish Maritime Forum in Copenhagen this morning, China’s Vice-Minister of industry and information technology Su Bo pledged to work on enhancing global cooperation in an effort to expand China’s shipping and shipbuilding capacities. Vice-Minister Su remarked that Chinese s
The Seattle and Tacoma port commissions revealed their plan to unify the management of the two ports’ marine cargo terminals and related functions under a single Seaport Alliance in order to strengthen the Puget Sound gateway and attract more marine cargo for the region. According to the plan, the S
Seven South Korean shipping companies have teamed up with local shipbuilders in the race for construction of six Korea Gas Corporation’s (Kogas) LNG carriers, the world’s largest LNG buyer Kogas said. As the ships need to be indigenously-built and run, only local companies are eligible to bid for th
Singapore-based Keppel Offshore & Marine Ltd.’s wholly owned subsidiaries Keppel Shipyard Ltd., and Keppel Nantong Shipyard Co. Ltd., have secured contracts from repeat customers worth close to USD 120 million. Keppel Shipyard’s contract is for the conversion of a Floating Production Storage and Off
The U.S.-based WesPac Midstream LLC (WesPac) has struck a partnership with Clean Marine Energy LLC (CME) to ensure the supply and delivery of LNG to ship owners utilizing CME’s Emissions Compliance Service Agreement (ECSA) to convert to cleaner fueling. According to WesPac, the partnership is able t
The Chinese Government revealed a development plan for 2014-2020 on Saturday with an aim of mitigating logistics congestion issues, cutting red tape and developing further its shipbuilding industry. The decision is triggered by the growing need for modernization of infrastructure to keep up with the
The repair work on Holland America Line’s luxury liner MS Veendam that suffered a mechanical problem late September will have to be made in a dry-dock, the company said. As a result, Holland America Line canceled the Oct. 11 seven-day Canada & New England sailing of MS Veendam from Quebec to Boston.
Financing of the shipping industry is again on the agenda as new investments are needed to keep up with the upcoming fleet renovation drive and market growth. According to Clarksons data, the cost of financing the shipping industry over the decade from 2014 to 2023 could be around USD 1.4 trillion,
Mitsui Engineering & Shipbuilding Co., Ltd., (MES), foreseeing the effects of the shale gas revolution to maritime industries, has been developing a new type medium size multi gas carrier for sea transport of liquefied natural gas (LNG) and co-products of shale gas, such as ethane and ethylene gas (
