‘Claim for Hire’ Dismissed for a Vessel Seized by Pirates
The Commercial Court dismissed a 'claim for hire' for the period that the vessel 'Eleni P' was seized and detained by Somali pirates in the Arabian sea,
The court applied fundamental principles of...
Keppel Bags $96m LNG-ready Dredger and FPSO Upgrade Contract
Subsidiaries of Singapore’s Keppel Offshore & Marine (Keppel O&M) have clinched contracts worth approximately SGD130m ($95.7m) for a newbuild LNG-ready dredger and the modification of an FPSO vessel.
The contract with Van Oord...
DM Shipping Sells MR Tanker
d’Amico International Shipping (DIS), an international marine transportation company operating in the product tanker market and its joint venture partner Mitsubishi Group recently signed a memorandum of agreement for the sale of the 46,547...
MacGregor’s Environment-friendly Delivery Modem To Upgrade Cargo System in MSC Vessels
In a recent development, Cargotec`s MacGregor has announced that they have signed a contract with MSC Mediterranean Shipping Company and Guangzhou Wenchong Dockyard have to upgrade the cargo systems on 6 x 16,000 TEU...
Avoid Private Armed Teams in Ships
Shipping companies sailing through the Middle East Gulf are being urged to avoid having private armed security guards onboard as the risk of escalation in the region rises, says an article published in Reuters.
What...
JGC Bags 1st Deal for LNG Plant
Japanese engineering company JGC Corp., announced that it has won in Oman its first contract for the basic design of a liquefied natural gas plant for fuel supply to ships, says an article published...
IMO Bringing Industry and Academia Together To Address Biofouling Issues
In a major development, the IMO-GloFouling R&D Forum has announced that they will bring together regulatory bodies, stakeholders and representatives from shipping and other maritime industries, academia, leading scientific experts and technology development leaders...
Trade Sources Say War Risk Premiums Driving Singapore and Asia Fuel Market
According to a Reuters report, shippers are trying to minimize time in the Middle East after oil tanker attacks pushed up insurance costs are scaling back purchases of marine fuels from the United Arab...
Scrubbers With HFO Better Solution Than Compliant Fuel
According to scrubber manufacturer Yara Marine Technologies CEO Peter Strandberg, “business is fantastic” at the moment given the rush ahead of IMO 2020. But he also believes the product has a more long term...
Alfa Laval Shares Down 6% As Scrubbers Demand Loses Shine
Q2 order intake down 20% at 10 bln SEK
Alfa Laval sees somewhat higher Q3 group demand than Q2
12% miss on orders uptake and 8% miss on adjusted earnings.
Adjusted core earnings...