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US to sanction vessels, companies that move crude between Venezuela and Cuba

The US will sanction 34 vessels owned or operated by PDVSA and two companies that move Venezuelan crude to Cuba, Vice President Mike Pence said. “Venezuela’s oil belongs to the Venezuelan people,” Pence said in a speech at Rice University’s Baker Institute for Public Policy in Houston. The sanctions target two companies, Ballito Bay Shipping [...]

By | 2019-04-08T06:19:16+00:00 April 8th, 2019|News|0 Comments

Kongsberg Wraps Up Rolls-Royce Acquisition

Kongsberg Gruppen completed the acquisition of Rolls-Royce Commercial Marine (RRCM) on April 1, after receiving an approval from the European Commission. With the unification of Kongsberg Maritime and RRCM, the company is represented in 40 countries and has an annual turnover of more than NOK 22 billion (USD 2.5 billion). Combined, the organisations service a [...]

By | 2019-04-03T06:39:28+00:00 April 3rd, 2019|News|0 Comments

Russia’s Novatek Enters Arctic LNG 2 Supply Deals

Russian gas producer Novatek has entered into two Heads of Agreement (HoA) for the sale of liquefied natural gas (LNG) from the Arctic LNG 2 project. The HoAs were signed with UK-based energy and commodity trading company Vitol and Spain’s energy company Repsol. Both documents were signed during the International Conference & Exhibition on Liquefied [...]

By | 2019-04-03T06:37:24+00:00 April 3rd, 2019|News|0 Comments

Listed Shipping Companies Invest In New Ships

Has it been a good year for shipping? Shipping has faced another challenging year as excess yard capacity and the resulting surplus of ships has continued to weigh on spot and term market rates. However, green shoots are appearing, and several long term trends are developing that will reward those with the tenacity to stay [...]

By | 2019-04-03T06:32:48+00:00 April 3rd, 2019|News|0 Comments

NordLB to refrain from ships financing business in the future – source

Germany’s NordLB will step out of ships financing business and will reduce activity in its airplanes financing business, a source familiar with the matter told Reuters on Tuesday. The source added that the German regional state of Saxony-Anhalt would contribute 198 million euros (169.99 million pounds) to rescue the ailing bank as part of a [...]

By | 2019-04-03T06:29:36+00:00 April 3rd, 2019|News|0 Comments

DNV GL awards ShipInox first AiP for OSV based LNG bunker vessel design

Interest in gas as a marine fuel is on the rise in the shipping industry. DNV GL’s most recent forecast predicts that by 2050 over 20 per cent of total shipping energy will be provided by LNG. In the shorter term, with the Sulphur cap on fuel entering into force in January 2020, the combination [...]

By | 2019-04-03T06:27:11+00:00 April 3rd, 2019|News|0 Comments

Revolutionary Propeller Technology Developed To Reduce Underwater Radiated Noise

A revolutionary new technology capable of substantially reducing the underwater radiated noise (URN) generated by ships’ propeller cavitation has been developed by Strathclyde University and Oscar Propulsion, a UK-based innovation and technology transfer company. The patented Oscar PressurePoresÔ system reduces propeller tip vortex cavitation by applying a small number of strategically bored holes in the [...]

By | 2019-04-03T06:23:41+00:00 April 3rd, 2019|News|0 Comments

Verifavia Shipping Diversifies With Launch Of Inventory Of Hazardous Material (IHM) Services

Verifavia, the world’s leading emissions verification company for the transport sector (aviation and shipping), announced that it has launched Inventory of Hazardous Material (IHM) preparation services for ships subject to the EU Ship Recycling Regulation (EU SRR) and the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships, and has already [...]

By | 2019-04-03T06:19:07+00:00 April 3rd, 2019|News|0 Comments

ACR Electronics Confirms Leadership Appointments at Ocean Signal and United Moulders Limited

ACR Electronics, Inc. has confirmed two key leadership appointments for its brands Ocean Signal and United Moulders Limited (UML) to support the continued globalization and integration of the businesses. James Hewitt, previously Director of Sales for ACR and Ocean Signal products in the EMEA and APAC regions, has been promoted to General Manager, Ocean Signal [...]

By | 2019-04-03T06:15:39+00:00 April 3rd, 2019|News|0 Comments

Next Generation Risk Management Tool by ABS Group Addresses Cultural Factors to Improve Safety, Reliability and Quality Performance

ABS Group, a leading provider of data-driven solutions that help clients improve the safety, performance and reliability of critical assets, introduced a groundbreaking analysis methodology at the 2019 Global Congress on Process Safety (GCPS). Cultural Cause Analysis™ (CCA) is a next-generation root cause analysis (RCA) methodology and risk management tool which maps process safety incidents [...]

By | 2019-04-03T06:11:40+00:00 April 3rd, 2019|News|0 Comments

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