Unmanned aerial vehicles (UAV), or drones, as they are better known, are gaining in popularity in various industries, including shipbuilding. Having in mind that time is money, shipbuilders are starting to adopt this type of technology to facilitate and speed up various construction stages, includin
Unmanned aerial vehicles (UAV), or drones, as they are better known, are gaining in popularity in various industries, including shipbuilding. Having in mind that time is money, shipbuilders are starting to adopt this type of technology to facilitate and speed up various construction stages, includin
The United States President Barack Obama has proposed to accelerate the acquisition of new icebreakers for the U.S. Arctic amid expected increase of marine traffic in the area as sea-ice cover diminishes. According to Obama, the United States needs to boost its icebreaking fleet capacity as the coun
The United States President Barack Obama has proposed to accelerate the acquisition of new icebreakers for the U.S. Arctic amid expected increase of marine traffic in the area as sea-ice cover diminishes. According to Obama, the United States needs to boost its icebreaking fleet capacity as the coun
Impending fleet growth is expected to reduce the product tanker market’s earnings over the medium term impacting the healthy returns the market enjoyed in recent years, according to Drewry’s Product Tanker Market Annual Report 2015. The widespread switching of trade by product/chemical tankers (swin
Impending fleet growth is expected to reduce the product tanker market’s earnings over the medium term impacting the healthy returns the market enjoyed in recent years, according to Drewry’s Product Tanker Market Annual Report 2015. The widespread switching of trade by product/chemical tankers (swin
Worldwide shortages of over 42,500 officers expected by 2019 has prompted New Zealand’s maritime industry and Maritime NZ to join up for the first time to encourage young people in this country to train for maritime careers. Maritime NZ’s Director, Keith Manch, said with the large shortfall in offic
Worldwide shortages of over 42,500 officers expected by 2019 has prompted New Zealand’s maritime industry and Maritime NZ to join up for the first time to encourage young people in this country to train for maritime careers. Maritime NZ’s Director, Keith Manch, said with the large shortfall in offic
Teekay LNG and Belgium’s Exmar held a naming ceremony for M/V Kaprijke on August 24 at Hanjin Heavy Industries Corporation’s Subic Shipyard, the first ever liquefied petroleum gas (LPG) carrier to be built in the Philippines. M/V Kaprijke is the first of eight midsize gas carriers Teekay LNG and Exm
Teekay LNG and Belgium’s Exmar held a naming ceremony for M/V Kaprijke on August 24 at Hanjin Heavy Industries Corporation’s Subic Shipyard, the first ever liquefied petroleum gas (LPG) carrier to be built in the Philippines. M/V Kaprijke is the first of eight midsize gas carriers Teekay LNG and Exm
Chemical and product tanker Stena Imperial, jointly owned by Stena Bulk and Indonesian Golden Agri Resources (GAR), was named in Savannah, Georgia on Monday, August 31st. The Stena Imperial is a 50,000 DWT MR tanker based on the IMOIIMAX concept, designed to transport both vegetable oils, chemicals
Chemical and product tanker Stena Imperial, jointly owned by Stena Bulk and Indonesian Golden Agri Resources (GAR), was named in Savannah, Georgia on Monday, August 31st. The Stena Imperial is a 50,000 DWT MR tanker based on the IMOIIMAX concept, designed to transport both vegetable oils, chemicals
Antwerp-based tanker owner and operator Euronav has signed a new USD 750 million senior credit facility to refinance previous loan agreements, as well as bankroll its fleet expansion program. The new senior secured amortizing revolving credit facility will be used to refinance 21 vessels and finance
Antwerp-based tanker owner and operator Euronav has signed a new USD 750 million senior credit facility to refinance previous loan agreements, as well as bankroll its fleet expansion program. The new senior secured amortizing revolving credit facility will be used to refinance 21 vessels and finance
