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Scorpio Tankers to Sell, Leaseback Five Product Tankers

Photo: Scorpio Tankers

 Scorpio Tankers announced that it has agreed to sell and leaseback three MR product tankers (STI Ville, STI Fontvieille and STI Brooklyn) and two LR2 product tankers (STI Rose and STI Rambla) to AVIC International Leasing Co., Ltd. Upon completion, the Company’s liquidity is expected to increase by

ABS Bags Fleetwide Contract with Canadian Coast Guard

(File photo: Canadian Coast Guard)

The Canadian Coast Guard has awarded a contract to ABS to provide classification and certification services for an existing fleet of 114 vessels and future vessel acquisitions.“Last year, ABS was selected as the exclusive classification organization for all non-combatant vessels in service with the Royal Canadian Navy and now,

Kalmar to Supply SmartPower RTGs to Port of Buatan

Image: Kalmar RTG

 Kalmar, part of Cargotec, has concluded a deal with Riau Andalan Pulp & Paper (RAPP) to supply three Kalmar SmartPower rubber-tyred gantry cranes (RTGs) for its container yard at the Port of Buatan in Indonesia.    The order was booked in Cargotec's 2018 first quarter order intake and delivery is

ADM CFO: Supply Chain Can be Managed Through U.S.-China Trade Tensions

File Image (CREDIT: AdobeStock / © Igor Strukov)

Global grain merchant Archer Daniels Midland Co (ADM)feels it can manage its supply chain to adapt to China's threatened tariffs on imports of U.S. soybeans, Chief Financial Officer Ray Young said on Wednesday.   The Chicago-based company is confident the world's two largest economies will "get through" the trade dispute,

AAPA releases State of Freight III report

AAPA President and CEO Kurt Nagle

Trade Association Releases Freight Report on Multimodal Funding Needs of U.S. Seaports.   In a just-released report, U.S. port authorities identified more than $20 billion in projected multimodal port and rail access needs over the next decade, while one-third cited pressing rail project needs costing at least $50 million for each of their ports.

Workboats: Three Damen Stan Tugs for Corpetrolsa Group



Corpetrolsa Group of Ecuador to take delivery of three Damen Stan Tugs (Photo: Damen Shipyards)

Damen Shipyards Group signed a contract with Corpetrolsa Group of Guayaquil, Ecuador, for the supply of three tugs; one Stan Tug 1205 and two Stan Tugs 1606. The tugs will be operated by Corpetrolsa subsidiary DLEN S.A. to support its bunkering operation. Corpetrolsa Group operates its own fleet of tankers in the 2,

Galveston Pilot Dispute: Round One goes to State Pilots

File Image (CREDIT: AdobeStock / © dbvirago)

Federal Pilots to appeal. Local spat has regional and national implications.   The Galveston-Texas City Pilots and the five-member Board of Pilot Commissioners for Galveston County are facing a serious legal challenge from five pilot applicants and their local attorney. In a nutshell, local, federally

Shipbuilding: Keppel Bags Order for Van Oord Dredgers

Keppel Singmarine Pte won contracts from Van Oord to build two Trailing Suction Hopper Dredgers (with an option for a third), the shipbuilder announced, scheduled for completion in 4Q 2020 and 2Q 2021 respectively.   Built to the standards of Bureau Veritas, Each TSHDs will have a hopper capacity of 10,

Bahri Chooses Digital Strategic Partner

(Photo: MariApps Marine Solutions)

Saudi Arabia based Bahri Group, one of the largest ship owners in the Middle East and the largest owner of very large crude carriers (VLCC) in the world, has opted for digital solutions from Singapore based MariApps Marine Solutions to help meet its ship management software requirements.   Majid Al-Shenaiber,

Torm Stops Taking Orders in Iran Due to US Sanctions

(Photo: Torm)

Danish oil product tanker operator Torm on Tuesday said it has stopped taking new orders in Iran as a consequence of U.S. plans to reimpose sanctions on Tehran."We follow the situation closely and always follow the rules. Therefore, we have also stopped taking new orders in Iran," a spokeswoman told Reuters.

Gunvor to Lease Exmar FSRU

Photo: Exmar

 Gunvor will lease the floating storage and regasification unit (FSRU) for ten years from the Belgian gas tanker company Exmar.   "Exmar is pleased to announce that it has executed a fully effective ten year charter with Gunvor for the provision of its FSRU (floating Storage and Regasification Unit) barge and related services in Bangladesh,

Silversea Orders Another Ship at Fincantieri

Silversea Chairman Manfredi Lefebvre d’Ovidio with Fincantieri CEO Giuseppe Bono at the launch of Silver Muse in 2016 (Photo: Fincantieri)

Monaco based cruise line Silversea Cruises has ordered another new ship from Italian shipbuilder Fincantieri, with delivery scheduled for the fourth quarter of 2021.The $382 million contract for the construction of luxury cruise ship Silver Dawn follows Silversea's September 2017 order for sistership

Total to Set Up LNG Bunkering Hub in Oman

French energy group Total said it had signed a memorandum of understanding with the government of Oman to develop natural gas resources in the country."Total and Shell as operator will develop several natural gas discoveries located in the Greater Barik area on onshore Block 6 with respective shares of 25 percent and 75 percent,

Britain Awards $3.3 Bln in Submarine Work to BAE Systems

(File photo: BAE Systems)

Britain on Monday awarded defence firm BAE Systems 2.4 billion pounds ($3.26 billion) to work on two submarine programmes, the company said in a statement.The Ministry of Defence gave BAE a 1.5 billion pound contract for delivery of the seventh Astute class submarine, and a further 900 million pounds

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