Debmarine Namibia Plans For World’s Biggest Offshore Diamond Mining Vessel

Debmarine Namibia, a 50/50 joint venture between the Government of the Republic of Namibia and De Beers Group, today announced it is planning for the construction of the world’s largest custom-built diamond mining vessel. The new vessel, which is projected to cost approximately US$142 million (N$2 billion), is expected to commence operations in 2021. It […]

Posted by: on Nov 23, 2017 read more

Diana Shipping Remains in Red

Although it remain in the red, Greece-based dry bulk owner Diana Shipping managed to cut its net loss in the third quarter of 2017 ended September 30. The company’s net loss for the three months stood at USD 24.5 million, compared to a net loss of USD 78.3 million seen in the third quarter of […]

Posted by: on Nov 23, 2017 read more

Word Class Center Of Excellence In Maritime And Ship Building To Come Up In Mumbai & Vishakhapatnam

A world class Center of Excellence in Maritime and Ship Building (CEMS) is being set up by Ministry of Shipping in collaboration with Siemens and Indian Register of Shipping (IRS) under the Ministry’s flagship Sagarmala Programme. CEMS will have  campuses at Vishakhapatnam and Mumbai, and will provide industry-relevant skill development, equip students with employable engineering […]

Posted by: on Nov 22, 2017 read more

GE Delivers Its Power And Propulsion To The UK Royal Fleet Auxiliary’s Tide Class Tankers

GE’s Marine Solutions (NYSE: GE) has recently successfully delivered its electrical power and propulsion system to the U.K. Royal Fleet Auxiliary’s (RFA) fleet of four Tide class Military Afloat Reach and Sustainability (MARS) tankers, which will deliver fuel and water to Royal Navy vessels around the world. “As the next-generation class of large, fleet tankers, […]

Posted by: on Nov 22, 2017 read more

Drewry: Ship Operating Costs Stabilise As Market Recovery Lifts Pressure

The cost of operating cargo ships rose marginally in 2017 following two consecutive years of falls, but shipowners should prepare for higher costs led by a spike in insurance premiums, according to the latest Ship Operating Costs Annual Review and Forecast 2017/18 report published by global shipping consultancy Drewry. After two years of marked decline, […]

Posted by: on Nov 22, 2017 read more

“ABB Ability” Marine Pilot Vision Looks Beyond Human Vision For Ship Automation

ABB has unveiled a new situational awareness solution that will make vessel operations safer and more efficient. The solution can be used by officers anywhere onboard a ship and marks the next step towards remotely controlled and ultimately autonomous ships. ABB Ability™ Marine Pilot Vision takes advantage of the latest advances in sensor technology and […]

Posted by: on Nov 22, 2017 read more

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