South Boats, Britain’s flagship work boat builder, has chosen to fit Arctic Steel water strainers to provide clean cooling water to the high performance engines powering their work boats. The high spec vessels, built to DNV certification, demand the absolute best from the equipment fitted. The rugge
Tanker industry is facing tumultuous tides as the oil traders are backing out of the market, causing reduction of chartering demand and thus inflicting considerable losses. As reported by Bloomberg, the biggest oil-tankers are experiencing 17-month low due to Chinese economic setback for a sixth qua
Craig International Supplies (CIS), a division of global shipping and energy services firm Craig Group, has secured a multi-million pound contract with a major oil and gas operator. The oilfield procurement services company has been awarded a three year contract with BG in the North Sea worth betwee
Minister of Defence Hillen is making it cheaper for shipping companies to deploy marines on board merchant ships passing through waters off the coast of Somalia. These military personnel protect vulnerable vessels from pirates in Vessel Protection Detachments (VPDs). The Dutch shippers’ organisation
Aberdeen Harbour Board has awarded a £5.2m contract involving major improvements to the port entrance and for widening and deepening the navigation channel. Harbour Board chief executive, Colin Parker said: “As the centre of activity for the energy industry’s marine operations in North-west Europe,
The Cardiff-based Graig Group has teamed up with Global Maritime Investments to provide shipping lenders with tailor-made solutions for problematic shipping exposures. Working together the two groups will provide lenders with workout solutions, safe havens and exit routes for distressed assets and u
Seanergy Maritime Holdings Corp. announced yesterday the sale of the BET Fighter, a 173,149 dwt Capesize drybulk vessel, built in 1992 at a gross price of US$9,107,455. The vessel was sold for demolition and was delivered to its new owners yesterday. The Company used the proceeds to reduce debt. Fol
FIND Maps, in association with OceanWise, has announced the launch of its innovative MarineFIND online data services. FIND Maps is currently the only supplier of OceanWise Marine data via TMS and WMS/WFS feeds. Development of these new services allows users of marine GIS data and charts to access da
In three years Maersk Line has saved almost USD 90 million in energy costs by measuring the performance of individual vessels thus raising awareness on consumption. Other business units follow suit. In Maersk KPIs, Key Performance Indicators, have for years been a way of measuring how well one did i
EFC Group, a leading designer and manufacturer of instrumentation, monitoring, handling and control systems for the global oil and gas industry, has delivered a highly innovative mechanical handling contract to provide a Rigless Intervention System for Baker Hughes. Following a brief from the oilfie
Last week, BigLift Shipping finished the last of two challenging shipments on its vessels Happy Diamond and Happy Dover for the US Steel Corporation in Clairton, Pennsylvania, from Lubeck (Germany), to Mobile (USA). Challenges were the fact that the loading was placed inside the hold with only centi
Royal Imtech N.V. (IM-AE, technical services provider in and outside Europe) has acquired the Belgian maritime technical services provider Van Stappen & Cada NV. The acquisition will be paid in cash and will immediately contribute to the earnings per share. It will enable Imtech to further strengthe
North Star Shipping, a division of Craig Group, has scooped a prestigious international award from one of the world’s leading health and safety bodies for the eleventh year in a row. The British Safety Council has awarded the esteemed International Safety Award with Merit to North Star Shipping foll
After showing some strong gains in the first quarter the shipping industry has fallen sharply since then. The Guggenheim Shipping ETF (SEA) has fallen over 14 percent over the last three months, FiveStarEquities reports. The recent rally in Panamax shipping rates could be coming to an end as China b
