Qatar Petroleum has launched a tender for up to 100 LNG carrier newbuildings that would more than double the fleet of the world’s largest owner Nakilat.
Mitsui OSK Lines (MOL) is going to install an augmented reality (AR) navigation system on 21 VLCCs having successfully trialled the innovation on two vessels.
The VLOC Stellar Daisy, which sank in March 2017 with the loss of 22 lives, suffered catastrophic structural failure according to a report by the flag-state Marshall Islands, with classification society Korean Register defending its position in relation to analysis and reporting on earlier damage to a bulkhead.
Resolution may finally be in sight for some of the rig newbuildings being constructed for Sete Brasil at Keppel Offshore and Marine and Sembcorp Marine (Sembmarine) on which progress payments stopped in late 2014 and worked stopped on in the following year.
Cosco Shipping Bulk has inked a contract for eight 210,000 dwt bulk carriers newbuildings, plus options for two more with Cosco Shipping Heavy Industry in Yangzhou, Jiangsu province.
Market sentiment for Capesize rates saw an improvement after Vale’s announcement to restart Brucutu mine, bringing back around 30 million mt per year of iron ore to the market.
After years of rightsizing and lay-offs Keppel Offshore & Marine is seeing a recovery in its business and plans to hire 1,800 staff in Singapore and overseas during the year.
With the Inventory of Hazardous Materials (IHM) for ship recycling to become compulsory for vessels calling at European ports IMarEST has warned of a “quagmire of upheaval” for the shipping industry.
Ocean Network Express (ONE) is urging shippers that have not posted General Average and Salvage Security on undamaged containers from the Yantian Express to do so or risk further delays and risk to the rescue plan for the cargoes to be unloaded from the vessel that suffered a cargo fire on 3 January.
A series of meetings in recent days between European Commissioner for Transport, Violeta Bulc, and leaders of the Greek shipping community appear to have got Commissioner Bulc on side when it comes to regulating the maritime industry.