LNG Carrier News

Today in History: May 26

Today is Saturday, May 26, the 146th day of 2018.Today’s Highlight in History:On May 26, 1868, the impeachment trial of President Andrew Johnson ended with his acquittal on the remaining charges.On this date:In 1647, Alse (Alice) Young was hanged in Hartford, Connecticut, in the first recorded execution of a “witch” in the American colonies.In 1805…

Would Wider-Than-Expected Discount To Benchmark Price Make Fortescue More Competitive? - Fortescue M

Image source: Getty ImagesInvestment ThesisMajor mining companies have started to emphasize the importance of returns in their investment theses. This is due to the fact that sector-wide investment drivers of strengthening balance sheets and increasing capital distribution become mature.Analysts believe that the combination of under-investment in capex…

General Dynamics Wins $87M Maintenance Deal for Warfare Ships

Zacks Equity Research,1 / 3General Dynamics' (GD) warfare ships are equipped to protect carrier battle groups, amphibious landing groups, underway replenishment groups and convoys.General Dynamics Corporations GD business unit, Bath Iron Works (BIW), has recently won a contract from the U.S. Navy to provide integrated planning yard services for DDG-51 and FFG-7 class ships.

Frontline expects scrapping, OPEC output to boost oil tanker demand

OSLO (Reuters) - Increased scrapping of older oil tankers and the potential for higher output of OPEC crude will likely boost vessel demand in the time ahead, and thus rates, Oslo-listed shipper Frontline said on Thursday. The company reported a forecast-beating first-quarter operating profit of $2.8 million, while analysts in a Reuters poll on average had expected a loss of $13.3 million.

China shipbuilder delivers large container ship

The Shanghai Waigaoqiao Shipbuilding Co Ltd has delivered a 20,000-TEU ultra-large container ship (ULCS), the company said.The ship, named the Cosco Shipping Virgo, is 399.8 meters long and 58.6 meters wide. It has a maximum capacity of 200,000 metric tons. It measures 73 meters from hull bottom to top.The ship was delivered…

Oldendorff Carriers joins Sustainable Shipping Initiative

Oldendorff Carriers has become the latest high profile shipowner to sign up to the Sustainable Shipping Initiative (SSI).The German bulker giant joins the likes of IMC Shipping, Louis Dreyfus and Maersk in backing the charity that is campaigning for a sustainable shipping industry.It has around 700 bulk carriers under operation at any one time and since 2014…

Pirates Dinner Adventure to debut revamped show after hurricane, fire damage fixed

A pirate-themed dinner theater show near International Drive is scheduled to reopen July 4, ending a 10-month span during which its roof was blown off by Hurricane Irma and a fire caused $200,000 in damage.The 27,000-square-foot Pirates Dinner Adventure themed restaurant will add new features to its show, including more characters…

China shipbuilder delivers large container ship - Xinhua

SHANGHAI, May 30 (Xinhua) -- The Shanghai Waigaoqiao Shipbuilding Co., Ltd. has delivered a 20,000-TEU ultra-large container ship (ULCS), the company said.The ship, named the Cosco Shipping Virgo, is 399.8 meters long and 58.6 meters wide. It has a maximum capacity of 200,000 tonnes. It measures 73 meters from hull bottom to top.The ship was delivered to China COSCO Shipping Corporation Ltd.

Welding gun sparked Pirates Dinner Adventure fire, officials say

An April 9 fire at Pirates Dinner Adventure was likely started by a welding gun that sparked a fire nearby, a report by the bureau of fire and arson investigation under the states department of financial services said.The International Drive attraction has been closed since Hurricane Irma damaged the building last year…
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Maersk Taps ABS to Lead Dangerous Goods Workshop

Maersk Line selected ABS to lead a workshop to identify and evaluate potential hazards posed on containerships from dangerous cargoes stowage.The workshop assembled industry stakeholders to conduct a comprehensive Hazard Identification (HAZID) study to better understand key risks associated with cargo. The workshop identified…

Maersk Taps ABS To Help Improve Cargo Safety

Ocean carrier Maersk Line has selected classification society ABS to help identify and evaluate potential hazards posed from dangerous cargoes stowage on containerships.In order to better understand key risks associated with cargo, ABS lead a workshop that assembled industry stakeholders to conduct a Hazard Identification…
Tugs rescue ferry and two cargo ships

Tugs rescue ferry and two cargo ships

Dian Kingdom was deployed to assist Spaarnegracht, which was stranded off the AzoresTugs have rescued two merchant ships and a ferry full of passengers in the Atlantic over the final weekend of May.Of these three towage operations, the most important in terms of people rescued was assistance to a ferry stranded off the coast of Marthas Vineyard…

36,700 Shares in Scorpio Bulkers (SALT) Acquired by Acorn Advisory Capital L.P.

Acorn Advisory Capital L.P. purchased a new position in Scorpio Bulkers (NYSE:SALT) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 36,700 shares of the shipping company’s stock, valued at approximately $259,000. A number of other hedge funds have also recently made changes to their positions in the stock.

NFL Mailbag

Jesse Pantuosco answers your fantasy questions in a mailbag edition of Bump and RunMoreI know I shouldnt admit this, but Ill level with you guysIm fried right now. Its been a hectic month putting together the Draft Guide (its coming along nicely) and as soon as I press submit on this article, Ill be packing up my car and moving into a new apartment. Forget burgers and cornhole in the backyard.

Port of Oaklands online shipping platform goes live

The Port of Oaklands new tech platform, called the Oakland Portal, has gone live, as part of efforts by the West Coast hub to provide a single point to seaport operations.The portal was created by New Jersey-based logistics software provider Advent Intermodal Solutions as an extension of its customer-based eModal system…

ONE Selects GAC for Australian Shipping Agency Services

Ocean Network Express (ONE) has awarded GAC the agency contract to handle all its vessel calls in Australia covering the ports of Sydney, Melbourne, Brisbane, Adelaide and Fremantle.Under the agreement, GAC Australia will provide agency and husbandry services for approximately 210 calls annually.ONE is a joint venture formed…

Faith Under Fire: Remembering Heroic Catholic Chaplains

Bottom row: left to right: Fathers Angelo Liteky, Joseph OCallahan and Charles Watters (Public domain/Wikipedia)Acts of valor. Supernatural faith in the face of death of Medal of Honor recipients.Acts of valor. Supernatural faith in the face of death.Five Catholic chaplains have received the nation’s highest military award — the Medal of Honor.

China's Only Serving Aircraft Carrier Is Close to "Full Combat Readiness"

Asia TimesSecurity, We have the latest. China's Only Serving Aircraft Carrier Is Close to "Full Combat Readiness"Chinas only serving aircraft carrier, the Liaoning, has moved closer to full combat readiness after its naval pilots apparently completed their first nighttime take-offs and landings, joining a small group of…

Alaska Communications (ALSK) and BT Group (BT) Head-To-Head Review

Alaska Communications (NASDAQ: ALSK) and BT Group (NYSE:BT) are both utilities companies, but which is the superior business? We will compare the two businesses based on the strength of their dividends, earnings, institutional ownership, risk, valuation, profitability and analyst recommendations. DividendsBT Group pays an annual dividend of $0.98 per share and has a dividend yield of 7.0%.

Compensation for Hazardous and Noxious Cargoes a step closer

Denmark has presented its plan to ratify the 2010 International Convention on Liability and Compensation for Damage in connection with the Carriage of Hazardous and Noxious Substances by Sea. The Convention establishes a comprehensive regime to provide compensation for costs, including clean-up and restoring the environment…