Category archives for: Top Stories

Piracy on the Seven Seas at Its Lowest

Piracy on the Seven Seas at Its Lowest

The International Chamber of Commerce’s International Maritime Bureau (IMB) has revealed that piracy on the world’s seas is at its lowest first-quarter level since 2007, but warns that the threat is still present. The latest IMB Piracy Report, published today, shows 49 piracy incidents in the first quarter of 2014 – the lowest first quarter […]

New Efficient Ship Notation from RINA

New Efficient Ship Notation from RINA

International classification society RINA has launched a new voluntary notation to clearly identify new ship designs which meet eco-ship criteria. The Efficient Ship notation is granted to ships and new designs assessed by RINA to have very high overall efficiency of engines, a lower fuel demand at owner defined speed, deadweight higher than the average […]

The Search for Sewol Ferry Victims Enters 2nd Week

The Search for Sewol Ferry Victims Enters 2nd Week

As the search operation for the missing passengers of the sunken Sewol ferry is entering its second week, divers are now recovering more and more bodies from the submerged hull of the ferry. Out of around 476 people on board, most of them students from Danwon High School in Ansan, 174 survived the tragedy, and 156 have […]

Aker Unveils New Concept, the Arctic Drillship (Video)

Aker Unveils New Concept, the Arctic Drillship (Video)

Aker Solutions has developed a concept for an arctic drillship able to operate in sea ice. Scale model tests shows the Aker Solutions Arctic Drillship is performing as expected. The features which have been introduced are positioning by mooring of a bow mounted turret with mooring disconnection possibility, azi-pod thrusters which helps to assure ice-vaning […]

Sumitomo to Get World’s First Long Rail Transport Vessel

Sumitomo to Get World’s First Long Rail Transport Vessel

Sumitomo Corporation has arranged the manufacturing and outfitting of the world’s first long rail transport vessel. The ship will be used for transport of 150 m long steel rails manufactured by Nippon Steel & Sumitomo Metal Corporation (NSSMC) at its Yawata Works facility. For many years, Sumitomo Corporation has supplied steel rails manufactured by NSSMC to […]

Baku Shipyard Bags Its First Major Newbuild Contract

Baku Shipyard Bags Its First Major Newbuild Contract

Baku Shipyard LLC has secured a contract worth $378 million from BP Exploration (Shah Deniz) Ltd. to design and build a Subsea Construction Vessel (SCV). When completed, the SCV will be deployed for the Stage 2 development of the Shah Deniz field, which lies some 70 kilometres offshore in the Azerbaijan sector of the Caspian […]

Maran Nakilat Grows Fleet with Three New LNG Vessels

Maran Nakilat Grows Fleet with Three New LNG Vessels

Nakilat, Qatar’s premier gas transporter, has added three new LNG vessels to its fleet through its joint venture Maran Nakilat Co. Ltd., which has closed $807.4 million of refinancing provided by Qatar Islamic Bank (QIB) and Barwa Bank. The refinancing deal was signed during a ceremony held in Doha on Tuesday 22nd April and attended […]

Port of Hastings Sets the Stage for Container Expansion Studies

Port of Hastings Sets the Stage for Container Expansion Studies

Detailed environmental and planning studies for the Port of Hastings container expansion will soon be underway with specialist consultants now appointed. Minister for Ports David Hodgett announced the milestone last week after a six month procurement period to ensure the right contractors were on board to develop the business case, and complete detailed environmental studies […]

Update 5: Death Toll in the Sewol Tragedy Reaches 113

Update 5: Death Toll in the Sewol Tragedy Reaches 113

Death toll in the ferry Sewol tragedy, one of South Korea’s deadliest maritime accidents, has reached 113 with nearly 190 people still missing, presumed dead. Only 174 passengers were rescued after Wednesday’s fatal accident when the 6,325-ton ferry Sewol turned over and sank within two hours. The ferry was carrying around 475 people, including 325 […]

Hyundai Heavy Fire Accident Kills Two

Hyundai Heavy Fire Accident Kills Two

Two workers were killed and two injured in a fire accident that happened at Hyundai Heavy Industries’ shipyard in Ulsan on April 21. The fire broke out on a newbuilding Hull 2657, an 84,000-ton LPG carrier which is being built for Dorian LPG Ltd. The company confirmed the incident saying that the cause of the fire […]

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