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Excelerate Energy Completes FSRU Sale and Leaseback

Excelerate Energy announced it has completed the long-term sale and leaseback of the FSRU Experience with a wholly owned subsidiary of CMB Financial Leasing Co. Upon completion of the 10-year agreement, Excelerate will re-purchase the FSRU from CMB.

Maersk Sees Strong Growth in Mexico

Maersk Line saw a 21 percent jump in cargo volumes in Mexico between January and October 2016 compared with the year-earlier period, says a report by T21. Mexico is expected to be one of the main beneficiaries of the newly expanded Panama Canal…

Maritime Piracy Drops But Kidnappings Rise

Sea piracy plunged to its lowest levels in 18 years in 2016, but kidnappings of crew members for ransom is escalating off west Africa and in the Sulu Seas near the Philippinessayd International Maritime Bureau (IMB). The global maritime watchdog…

Port of Long Beach Trade Dipped in 2016

Slowed by industry headwinds and challenges that included major customer Hanjin declaring bankruptcy, the Port of Long Beach said it moved almost 6.8 million containers in 2016, its fifth best year ever. Overall cargo declined 5.8 percent in 2016 compared to 2015…

US Shifts LNG Exports to Asia as Arb Opens Ip

The biggest divergence between U.S. and Asian gas prices in a year has created an opportunity for tankers delivering liquefied natural gas, with most departures from a key Louisiana terminal in the last month-and-a-half heading toward East Asia, shipping data released on Wednesday show.

LPG Carrier Rescues Sailor off Nicaragua

A LPG carrier operated by NYK, Linden Pride, rescued a seafarer from a boat in distress 100 nautical miles off the coast of Nicaragua. While Linden Pride was sailing from Balboa, Panama, to Sendai, Japan on December 4, the ship came upon a disabled boat with one survivor requesting assistance…

Genting Deal Largest in Evac History

Evac said it will supply Complete Cleantech Solutions for two Global class cruise ships for Genting Hong Kong’s Star Lines. The two 201,000-gross-ton vessels will be built by the German shipyard MV Werften for deliveries in 2020 and 2021. The contract…

Obituary: Walter Sellick – Founder, Sellick Equipment

Walter Sellick, founder of Sellick Equipment, passed away on January 10, 2017. He was 98. Walter is survived by sons Howard and David, daughter Heather, and many grandchildren and great grandchildren. Born in 1918, Walter was raised on a farm in Harrow, Ontario.

China Can Expect a Surge in Offshore Wind Farms, Goldwind Says

By Bloomberg News (Bloomberg) — China’s development of offshore wind farms could be set to accelerate, supported by favorable government-backed pricing and increased investment. “Offshore wind is becoming more and more economically attractive”...Show More Summary

Carboline Names Andrews Executive VP of US Sales

Carboline has appointed Darrin J. Andrews as Executive Vice President of Sales USA, effective December 5, 2016. Andrews has been in the protective and industrial coatings industry for over 27 years and has a wealth of knowledge in the oil and gas, and mining segments.

U.S. Merchant Marine Academy Reinstates Sea Year… Sort Of

The U.S. Department of Transportation has announced its plan to restore Sea Year training as part of the curriculum for Midshipmen at the United States Merchant Marine Academy (USMMA), but details of when and how it will be reinstated remain somewhat sketchy. Show More Summary

GE Offers Electric Start Systems for Marine Gas Turbines

GE’s Marine Solutions now offers electric start systems for its line of aeroderivative marine gas turbines. Along with lower life cycle costs and improved reliability, military and commercial marine customers will enjoy 60% less in acquisition…

Fincantieri’s Bid for STX France Seen Finalised in April

By Emmanuel Jarry PARIS, Jan 11 (Reuters) – A bid by Italian shipbuilder Fincantieri for STX France is likely to be signed formally around Feb. 15 with the deal finalised in April, French industry minister Christophe Sirugue told Reuters on Wednesday. Show More Summary

Stena Line Ferry Joins Marlink's Multi-band Comms Network

Marlink has added the first out of four additional Stena Line ships to its multi-band communications network. Marlink now serves the entire fleet of Stena Line vessels, ensuring high levels of connectivity for passengers and crew, in addition…

2010-Built Panamax Containership ‘Hammonia Grenada’ Sold for Scrap

Another 7-year-old panamax containership is headed to the breakers, all but solidifying the death of the panamax-class amid global shipping’s downturn and the opening of the expanded Panama Canal. Sources familiar with the matter tell us that 2010-built, 4,250 teu M/V Hammonia Grenada has been sold for about $5.5 million. Show More Summary

Freezing Med Attracts Unusual Diesel Cargoes

Tankers diverted in mid-Atlantic to Med; in rare arbitrage, cargoes from Europe into Med. At least one tanker carrying diesel en route to New York has been diverted in the mid-Atlantic to the Mediterranean, where freezing weather from North…

Singapore Bunker Volumes Expected to Set Record High in 2016

By Roslan Khasawneh Jan 11 (Reuters) – The Maritime and Port Authority of Singapore (MPA) expects 2016 sales of bunker fuel for ships to rise to a record for a second consecutive year, with early estimates showing volumes increased 7.7 percent to 48.6 million tonnes, it said on Wednesday. Show More Summary

Seagull Training App v2.0 Enriched for Ease of Use

Seagull Maritime said it has upgraded its Seagull Training App, the mobile software solution that has changed the way seafarers track their training records and receive critical safety alerts. Available in both Android and iOS formats, the newly…

Five Die at Gadani Shipbreaking Yard

Five shipbreaking workers were killed and one injured in a fire that took place in the shipbreaking yards of Gadani, Pakistan, Monday morning. The deadly fire broke out on board of the beached vessel GAZ FOUNTAIN (IMO 8406054). The LPG tanker’s…

Heavy Lift: RollDock and Roll-Lift Team Up

Having received a contract from NEM Energy BV for the transportation of two boiler blocks and two combustor units from Taiwan to Malaysia, Roll Group was called upon to put to work the combined capabilities of its in-house engineering department and experienced heavy transportation teams…

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