U.K. chemicals firm INEOS said it has entered a long-term supply agreement with Singapore-based SP Chemicals to ship ethane from U.S. shale gas to China for the first time starting in 2019. “This is another world first for INEOS after importing shale gas to Europe in 2015…
Read more
ZIM Pilots Blockchain-based Bill-of-lading
ZIM said it has successfully completed a trial run of paperless bills-of-lading based on blockchain technology. The pilot, performed in cooperation with Sparx Logistics and Wave Ltd., marks a first of its kind project led by an ocean carrier.
Read more
The Challenge of Marine Asset Appraisal
While large shipping asset deals are often financed through the major capital markets, loans for most oilfield service marine equipment are funded with asset based lending. For such asset based lending, a domestic U.S. bank, with some exceptions…
Read more
Langh Tech Scrubbers, EGR Water Treatment for New Box Ships
Three container vessels on order at Guangzhou Wenchong Shipyard in China for Eimskip Island ehf and Royal Arctic Line A/S will be equipped with Langh Tech hybrid scrubber systems and water treatment systems for exhaust gas recirculation (EGR).
Read more
ABB Ability Marine Pilot Vision Unveiled
ABB has unveiled a new situational awareness solution that aims to make vessel operations safer and more efficient. The solution can be used by officers anywhere onboard a ship and marks the next step towards remotely controlled and ultimately autonomo...
Read more
Suspected Pirates Apprehended off Somalia
Six suspected pirates were apprehended by the European Union’s antipiracy force off the coast of Somalia. EU NAVFOR Somalia’s flagship, the Italian vessel ITS Virginio Fasan, detained six crew and their vessels following reported attacks on a 52…
Read more
Bouchard Set to Celebrate a Century
In 2018 one of the U.S. premier vessel owners – Bouchard Transportation Co., Inc. (BTC) – celebrates its 100th year in business. Maritime Reporter looks at BTC’s evolution through the years. The year 2018 is a celebration year for the Bouchard Transportation Co.…
Read more
A Sea Change for Shipbuilding
When it comes to shipbuilding, the numbers are staggering: hundreds of millions of parts in one aircraft carrier. Billions of dollars proposed for Naval fleet development in the latest NDAA. Hundreds of thousands of private sector jobs in the U.S. alone.
Read more
Arctic LNG Carriers Delivered: RS Class
The construction of a series of Arctic LNG carriers under the technical supervision of Russian Maritime Register of Shipping (RS) is in progress: in November “Boris Vilkitsky” and “Fedor Litke” gas carriers were delivered to the customer and the keel of a new gas carrier was laid.
Read more
Finland’s Manga LNG Terminal Gets First Cargo
The first shipload of liquefied natural gas (LNG) arrival to the LNG import terminal in Tornio, Finland, on Sunday November 19, 2017. The Manga LNG natural gas import terminal in Röyttä Harbor, Tornio, is a joint venture of the industrial companies Outokumpu and SSAB Europe…
Read more