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LNG Shipping Rates Are Spiking and It Could Stay This Way for a Long Time

Merchant Navy
Rates for LNG carriers have boomed of late, with ship owners, active in this niche market, already reaping the benefits.

Kongsberg, KPMG launch cyber security partnership

Cyber Security
Kongsberg and KPMG collaborated to advance cyber security solutions for the industry's operations.

UN to allow inspections of vessels suspected of smuggling migrants off Libya

Safety & Regulations
The UN Security Council decided to renew for one year, its authorization allowing Member States to inspect vessels on the high seas off the coast of Libya

Phase II of Hamad Port to begin in early 2019

Ports
The second phase of Hamad Port development is set to be declared before the end of 2018.

Global Ship Lease announces new long-term charter agreements between Poseidon Containers and CMA CGM

Merchant Navy
Global Ship Lease a containership charter owner, has announced that Poseidon Containers, with which Global Ship Lease has entered a definitive merger agreement, has agreed five-year charters with CMA CGM

Federal Court Halts Keystone XL Pipeline for Climate Impact Review

Oil & Gas
On Thursday, Judge Brian Morris of the U.S. District Court for Montana ordered TransCanada to halt work on the Keystone XL pipeline pending a new review of the project's climate impact. 

Tanker Owner Buys Stake in Scrubber Manufacturer

Safety & Regulations
Tanker operator Torm announced Friday that it has purchased a stake in a scrubber manufacturing venture, making it the latest shipowner to buy a supplier in advance of the IMO 2020 low-sulfur deadline.

U.S. Provides Port Security for Papua New Guinea Summit

Ports
U.S. Coast Guard service members are deploying overseas to provide port security for the upcoming Asia-Pacific Economic Cooperation summit in Papua New Guinea

Construction Begins for First Commercial Hydrogen-Powered Ferry

NewBuilds
A consortium of federal, state and private partners has begun the construction of a new, first-of-its-kind ferry powered by hydrogen fuel cells.

Norway’s new polar research vessel fitted with Optimarin BWTS

NewBuilds
Optimarin reports that its USCG-approved ballast water treatment (BWT) technology will be aboard the Norwegian Polar Institute’s new research vessel Kronprins Haakon, due to be christened by Fincantieri next week.

New York offers 800MW offshore prize

Wind Energy
New York state has launched an 800MW offshore wind solicitation with bids due to land in February 2019.

Minesto kite completes maiden flight

Tidal Energy
Swedish marine energy developer Minesto has completed offshore commissioning and testing of its Deep Green 500kW tidal kite off the coast of north Wales.
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