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Study Examines Economic Impact of US Waterways

© Tak Inaba / Adobe Stock

A study unveiled today documents the contribution of the American tugboat, towboat and barge industry to the U.S. economy.   The study, developed through a cooperative agreement between the American

Case Study: Klein System 5900 Side Scan Sonar

Figure 1 (Image: Klein Marine Systems)

Klein Marine System’s flagship 5900 high-resolution and high-speed side scan sonar is designed for use as either a conventional towed system or a payload for an unmanned surface vehicle (USV). Klein recently

Global LNG Deals Set Bullish Tone as Peru Export Halt Tightens Market

© Wojciech Wrzesien / Adobe Stock

Asian spot LNG prices stepped higher this week, shrugging off months of weakness, as Royal Dutch Shell replaced lost output from its Peru plant via spot markets and as a flurry of higher-priced deals surprised traders.

Shipbuilding

Engineering Entrepreneur Buys Wren Industrial

(Photo: Wren Industrial & Marine Fabrications)

Merseyside maritime company Wren Industrial & Marine Fabrications has been bought by Merseyside

BAE Systems Begins Building UK’s Next Warship

Image: BAE Systems

BAE Systems said it has begun to build the first of the U.K. Royal Navy’s new Type 26 Global

Weeks Marine Orders $60 Mln Cutter Dredger

Weeks Marine Inc. (WMI) has ordered a new $60 million oceangoing, 30-inch hydraulic cutter suction dredge, the JS Chatry. Construction is underway in Belle Chase, La.

Contracts

Pemex: $5 Bln Bond Deal Covers Needs through 2018

Mexico's national oil company Pemex said on Monday that recent bond placements totaling about $5 billion would cover its minimum financing needs through the end of 2018.

Six Countries Vie for US$2 Bln Philippines LNG Hub

Image: PNOC

State-run Philippine National Oil Company (PNOC) has shortlisted six countries and will choose

Mermaid Maritime Wins Subsea Charters

Image: Mermaid Subsea

Thailand-based Mermaid Maritime, a subsea and offshore drilling services company, has  been

Technology

AUVs Launched and Recovered Autonomously

(Photo: Dr. Andrew Gates / NOC)

Autonomous surface vehicle launches and recovers autonomous underwater vehicles . . . autonomously.

First Ship with IMO Tier III EIAPP Engines Launched

Image: The French Navy’s patrol and polar logistic ice-breaker, L’Astrolabe. Photo: courtesy of PIRIOU.

The launch of the L’Astrolabe, a 72 metre polar logistics vessel fitted with a complete Wärtsilä

Duke Receives Funding for New Research Vessel

Duke University said it has received $11 million for the construction and operation of a new state-of-the-art vessel that will expand teaching and research capabilities at its

Legal

Certification for MOL Environmental Management System

Image: MOL

Mitsui O.S.K. Lines (MOL) has announced that on July 20, its core dry-cargo ship management

Nautical Institute Rolls Out Ice Navigator Scheme

Logo Image: The Standard Club, Nautical Institute

The Standard Club has advised its members that at the start of July the Nautical Institute

India: The Admiralty Bill 2017 Gets Upper House Nod

Indian Prime Minister, Narendra Modi. Photo: PIB

Admiralty (Jurisdiction and Settlement of Maritime Claims) Bill, 2017, introduced during the

People & Company News

Höegh LNG Secures Financing for FSRU Unit

Photo:  Höegh LNG

Höegh LNG Holdings has announced that it has received commitment letters for a US$230 million

Nakilat Ends H12017 with Net Profit of USD 112 mln

Nakilat's flagship, QMax Mozah. Photo: Qatar Gas Transport Company

Qatar Gas Transport Company (known as “Nakilat”, which means carriers in Arabic) recorded its

QEP Resources to Sell Wyoming Natgas Assets

U.S. oil and gas producer QEP Resources Inc said it would sell its natural gas assets in Wyoming to privately held Pinedale Energy Partners LLC for about $740 million.

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