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Monthly Archives: April 2018

Samsung Heavy Industries Wins a LNGC Duo for USD 370 mln

Samsung Heavy Industries(SHI) revealed on April 4th that a contract for two 174,000㎥ LNG carriers on BOD approval term. The price is 184 million USD per vessel(around KRW 195 billion). The latest LNGCs would be delivered in July and October 2020. The c...
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VT Halter Opens New Paint Facility

VT Halter Marine Inc. has unveiled its new state-of-the-art blast and paint facility that will allow ship sections to be prepared, blasted and painted in a controlled environment. The ceremony included a keynote speech given by Senator Roger Wicker, U.S.
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Kudlow says U.S.-China Trade Talks Are Ongoing

There are ongoing talks on trade between the United States and China, White House economic adviser Larry Kudlow said on Friday but he did not specify at what level the negotiations were occurring. "There are ongoing talks. I don't want to name names…
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By the Numbers: Barge Transportation Market

Barge transportation comprises an extensive network, ideal for carrying seaborne cargo to inland destinations and exports alike. Responsible, in part, for the worldwide trade of bulk transport, the industry is of great significance to the agricultural ...
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Response to Mackinac Spill Continues

A U.S. Coast Guard marine science technician and an environmental quality analyst for Michigan's Department of Environmental Quality surveyed the Straits of Mackinac onboard a vessel Thursday. The responders did not identify any mineral oil sheens…
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Baltic Index Down for Seventh Straight Session

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, inched lower on Friday as losses in smaller vessel segments were offset by stronger rates for capesizes. The overall index, which factors in rates for...
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Norway to Order Coast Guard Vessels from Fincantieri

Norway plans to order three vessels for its coast guard from the Vard Langstein shipyard, the Ministry of Defence said in a statement on Friday. The 6.8 billion Norwegian crowns ($869.44 million) contract is dependent on approval by parliament and on f...
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