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Metal Shark Wins $54 Mln US Navy Contract

Image: Metal Shark

Louisiana-based shipbuilder Metal Shark said it has been awarded a contract worth up to $54 million from the U.S. Navy to build Near Coastal Patrol Vessels (NCPVs) for U.S. partner nations through the Department of Defense Foreign Military Sales (FMS) program.   Metal Shark’s proposal was selected

KOGAS to Receive first Cheniere LNG Cargo

File Image: A typical LNG Carrier at Sea (CREDIT: MISC)

KOGAS to receive first LNG cargo from Cheniere in July; this marks start of 20-year supply contract.   Korea Gas Corp (KOGAS) will early next month receive its first liquefied natural gas (LNG) cargo under a long-term supply deal with U.S. exporter Cheniere Energy, two sources at the South Korean company said on Friday.

Diana Shipping in Time Charter Contract for Clio with Phaethon

M/v Clio. Photo:  Diana Shipping Inc

 Diana Shipping has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Phaethon International Company AG, for one of its Panamax dry bulk vessels, the m/v Clio.    The gross charter rate is US$8,550 per day, minus a 5% commission paid to third parties,

SHIPS Act: 355 Ship Navy Gets Legislative Mandate

COVER PG MR March.jpg

The push to rebuild the U.S. Navy received a boost today when U.S. Senator Roger Wicker, R-Miss., and Congressman Rob Wittman, R-Va., introduced bicameral, bipartisan legislation that would make it the policy of the United States to achieve the Navy’s requirement of 355 ships. Under the “Securing the

SBM Offshore Awarded Liza FPSO Contract

SBM Offshore said it has secured contracts from ExxonMobil to construct, install, lease and operate a floating production, storage and offloading vessel (FPSO) for the next phase of the Liza project in Guyana.    The contracts follow completion of front-end engineering studies and the final investment decision on the project by ExxonMobil.

DNV GL, Goldwind in Wind Power Pact

Photo: DNV GL

 Goldwind International and DNV GL has signed a Memorandum of Understanding (MoU) for optimizing offshore and onshore wind projects. DNV GL to be preferred independent third-party advisor for performance optimization of offshore and onshore wind projects.   DNV GL, the world’s largest resource of independent energy experts and certification body,

Golar, Delfin to Jointly Develop US FLNG Project

A joint development agreement between Delfin Midstream and Golar LNG Limited will see the two jointly develop the Delfin LNG project off the coast of Cameron Parish, La.   The joint development agreement will facilitate the financing, marketing, construction, development and operation of Delfin LNG,

Canyon Offshore Wins Wind Farm Trenching Work

Aberdeen based trenching solutions provider Canyon Offshore Limited said it has been awarded a contract by Siem Offshore Contractors to provide trenching services on DONG Energy’s Hornsea Offshore Wind Farm Project One.   In November 2016, and building further upon the recent establishment of its U.

Combi Lift Orders 19 Vessels from Damen

Damen Zeya River shallow water push boat (Photo: Damen)

Damen Shipyards Group said it has secured an order with German heavy lift company Combi Lift to build a total of 19 specially customized shallow draught vessels. The vessels will be used to transport oversized and heavy lift cargo for the Gazprom Amur Gas Processing Plant Project in the Russian Far East.

Diana Signs Time Charter with Hudson

M/V Protefs. Photo: Diana Shipping Inc.

 Diana Shipping has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Hudson Shipping Lines Incorporated, for one of its Panamax dry bulk vessels, the m/v Protefs.    The gross charter rate is $7,900 per day, minus a 5 percent commission paid to third parties,

Metro Ports to Operate Port of Indiana Bulk Terminal

Left to right: Ken Kaczmarek, Chairman, Ports of Indiana Commission; Michael Ferguson, President, Metro Ports; Michael Giove, COO, Nautilus International Holding Company; Rich Cooper, CEO, Ports of Indiana; Jody Peacock, Vice President, Ports of Indiana; Ian Hirt, Port Director, Port of Indiana-Burns Harbor (Photo: Ports of Indiana)

The Ports of Indiana announced that Metro Ports – the country's oldest stevedoring company – will become the new bulk terminal operator at the Port of Indiana-Burns Harbor. Starting July 1, 2017, Metro Ports will manage the loading and unloading of shipments along the port's East Harbor for port tenants and outside companies shipping bulk cargoes,

Wärtsilä Dual-fuel Engines for Tanker Newbuilds

New tankers for Erik Thun AB will feature Wärtsilä propulsion and fuel supply solutions (Image: Wärtsilä)

Wärtsilä said it has been contracted to supply the engines, propellers and fuel supply systems for four new tanker vessels. The ships will run on both liquefied natural gas (LNG) and diesel, and are being built at the Scheepswerf Ferus Smit yard in the Netherlands for Sweden based Erik Thun AB. The

Glencore to Respond after Rio Favours Yancoal Bid

Glencore on Tuesday said it would review its options after Rio Tinto said it was sticking to a recommendation of China-backed Yancoal as the preferred buyer of its Coal & Allied division in Australia.   In a statement, Glencore, which had made a higher offer than Yancoal, said it would respond "in due course."   Reporting by Barbara Lewis 

Labor Trouble Causes Gothenburg Box Count to Drop

File Image: Container operations underway in port (CREDIT: port of Boston)

Port operator APM Terminals, part of shipping group A.P. Moller-Maersk, said it has seen container throughput at its Gothenburg terminal in Sweden fall by 70,000 over the past year because of labour disruptions.   "We have lost about 70,000 containers in revenue over the past year," Henrik Kristensen,

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