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Coast Guard News

May 11, 2020
Norwegian-based ballast water treatment (BWT) specialist Optimarin has launched a leasing option within the BWT segment as a response to the growing need for more flexibility in financing solutions. The company said that the leasing option is the first of its kind in the segment and comes amid challenging market conditions shipowners and ship operators are faced with due to the economic impact of the coronavirus pandemic.... [Read More]
May 11, 2020
Two new pirate attacks that resulted in the kidnapping of seafarers have been reported in the Gulf of Guinea. It appears that both incidents could be related. On 9 May, around 0200hrs UTC, the cargo vessel Rio Mitong was approached by a single speedboat with an unknown number of perpetrators within the Malabo anchorage area, Equatorial Guinea, Dryad Global and Praesidium International said in separate statements. ... [Read More]
May 11, 2020
US-based shipowner Eagle Bulk Shipping has completed its scrubber installation program in early April, fitting exhaust cleaning systems on 41 ships, the equivalent of 82 percent of the company’s fleet. As such, the company expects its off-hire days to be historically low as ships continue trading without obstruction. Eagle Bulk has assigned a total of $29..6 million over the past two years for the purchase and installation of scrubbers and ballast water management systems on its bulkers.... [Read More]
May 11, 2020
Malaysian shipping company MISC reported a net loss in the first quarter of this year but the company’s liquefied natural gas business logged a 11.3 per cent rise in revenue.... [Read More]
May 11, 2020
Imports at major U.S. retail container ports are expected to see double-digit year-over-year declines this spring and summer as the economic effects of the coronavirus pandemic continue, according to the Global Port Tracker report released by the U.S. National Retail Federation and Hackett Associates.... [Read More]
May 11, 2020
Sinopec Corp., China’s energy and chemical company, has put the country’s largest petrochemical port into operation with the successful docking and unloading of the New Renown, a very large crude oil carrier (VLCC) from the Middle East. ... [Read More]
May 8, 2020
Source: Ardmore A global oversupply of oil resulting from lower demand due to the COVID-19 pandemic and high production level has seen the unprecedented shortage of storage capacities translating in high rates for floating storage.... [Read More]
May 8, 2020
Source: Ardmore A global oversupply of oil resulting from lower demand due to the COVID-19 pandemic and high production level has seen the unprecedented shortage of storage capacities translating in high rates for floating storage.... [Read More]
May 8, 2020
Source: Ardmore A global oversupply of oil resulting from lower demand due to the COVID-19 pandemic and high production level has seen the unprecedented shortage of storage capacities translating in high rates for floating storage.... [Read More]
May 8, 2020
German engine builder MAN Energy Solutions has partnered up with Japanese shipbuilder Imabari Shipbuilding, ClassNK classification society, Mitsui E&S Machinery, and energy trading firm of Itochu Corporation, Itochu Enex, on the development of a vessel powered by ammonia. The cooperation builds on the work MAN Energy Solutions has already launched on the development of an ammonia-powered engine.... [Read More]
May 8, 2020
German engine builder MAN Energy Solutions has partnered up with Japanese shipbuilder Imabari Shipbuilding, ClassNK classification society, Mitsui E&S Machinery, and energy trading firm of Itochu Corporation, Itochu Enex, on the development of a vessel powered by ammonia. The cooperation builds on the work MAN Energy Solutions has already launched on the development of an ammonia-powered engine.... [Read More]
May 8, 2020
German engine builder MAN Energy Solutions has partnered up with Japanese shipbuilder Imabari Shipbuilding, ClassNK classification society, Mitsui E&S Machinery, and energy trading firm of Itochu Corporation, Itochu Enex, on the development of a vessel powered by ammonia. The cooperation builds on the work MAN Energy Solutions has already launched on the development of an ammonia-powered engine.... [Read More]
May 8, 2020
On 27 April, Damen Yichang Shipyard in China hosted a digital steel cutting ceremony for a roll-on/roll-off passenger (RoPax) ferry ordered by the Government of Timor-Leste. ... [Read More]
May 8, 2020
On 27 April, Damen Yichang Shipyard in China hosted a digital steel cutting ceremony for a roll-on/roll-off passenger (RoPax) ferry ordered by the Government of Timor-Leste. ... [Read More]
May 8, 2020
On 27 April, Damen Yichang Shipyard in China hosted a digital steel cutting ceremony for a roll-on/roll-off passenger (RoPax) ferry ordered by the Government of Timor-Leste. ... [Read More]
May 8, 2020
The five-week subsea operations to recover shipping containers lost from the YM Efficiency off the New South Wales coast are complete, the Australian Maritime Safety Authority (AMSA) said. On 8 May, the vessel MV Pride returned to Port of Newcastle for the final time to discharge containers and pollution recovered from the ocean floor. ... [Read More]
May 8, 2020
The five-week subsea operations to recover shipping containers lost from the YM Efficiency off the New South Wales coast are complete, the Australian Maritime Safety Authority (AMSA) said. On 8 May, the vessel MV Pride returned to Port of Newcastle for the final time to discharge containers and pollution recovered from the ocean floor. ... [Read More]
May 8, 2020
The five-week subsea operations to recover shipping containers lost from the YM Efficiency off the New South Wales coast are complete, the Australian Maritime Safety Authority (AMSA) said. On 8 May, the vessel MV Pride returned to Port of Newcastle for the final time to discharge containers and pollution recovered from the ocean floor. ... [Read More]
May 8, 2020
Source: Rauma Marine Constructions. Despite the exceptional circumstances due to the coronavirus pandemic, the construction of the Aurora Botnia, Wasaline’s new car and passenger ferry, is progressing according to schedule, the company said in a recent update.  ... [Read More]
May 8, 2020
Source: Rauma Marine Constructions. Despite the exceptional circumstances due to the coronavirus pandemic, the construction of the Aurora Botnia, Wasaline’s new car and passenger ferry, is progressing according to schedule, the company said in a recent update.  ... [Read More]

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