Baltic Index Falls for Third Straight Day

The Baltic Exchange's main sea freight index fell on Monday for the third consecutive day, as lower demand for ships across segments eased rates.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 40 points, or 1.6%…

MN100: Thordon Bearings Inc.

A perennial fixture in our prestigious MN100 edition - MarineNews' annual look at the best 100 individuals and firms in the shallow draft, brown water and workboat sectors - Thordon Bearings has been on the leading edge of environmental improvements for the marine industry for many years.

Equinor Sends Vessels to Clean up Bahamas Oil Spill

Two vessels with clean-up equipment and personnel will arrive to the Bahamas within a few days to deal with an oil spill at the South Riding Point terminal damaged by hurricane Dorian, operator Equinor said on Monday.The company reiterated there were no indications of ongoing leaks form tanks, as we

Transforming Mid-Scale Liquefied Gas

The Type B Mid-Scale Containment Solution.SSRC Technologies AS introduces a novel containment solution for small and mid-scale liquefied gas carriers. The Type B containment system provides excellent thermal performance, low weight and ease of fabrication.

Bumi Armada Sells FPSO for $40m

Malaysian oilfield services company Bumi Armada Bhd has managed to find a buyer for its floating production storage and offloading (FPSO) vessel Armada Perdana in Nigerian company Century Energy Services (CESL) for RM167.17 million (US$40 million).Kuala…

SHI to Build Arctic LNG Ship for Zvezda

Russia's Zvezda Shipbuilding Complex has awarded the contract for the LNG carriers for the Arctic LNG 2 project to Samsung Heavy Industries (SHI). The South Korean company will also provide technical specifications and design documentation for…

Ørsted Sees Huge Offshore Wind Potential in S Korea

Ørsted A/S, the world’s largest offshore wind power producer, said it sees high potential in the Korean offshore wind power market, intending to build long-term, sustainable relationships with the Korean government and companies.“South Korea is a peninsula surrounded by three seas…

Cosmo Oil Builds IMO-compliant Fuel Stocks at Chiba Port

Japan’s third-largest oil refining company, Cosmo Oil, , has started building stocks of very-low-sulfur fuel oil (VLSFO) for supply to domestic marine fuel markets from next month (October 2019) ahead of the IMO 2020 mandate requiring ships…

TS Lines Adds Pan Asia Service Loop

Taiwanese ocean carrier TS Lines (TSL)  has announced the launch of the Pan Asia 1(PA1) Service that provides weekly connectively between China and Southeast Asia.The PA1 service offers one of the most comprehensive Northern China market coverage…

Epic Gas Refinances Two LPG Tankers

Singapore-based gas carrier owner and operator Epic Gas has completed the refinancing of two 2010-built liquefied petroleum gas (LPG) tankers.The  two ships – the Epic Bali and Epic Borneo (each 2010 built, 7200 cbm) - were both in a finance…