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Philly Shipyard Expects “Significant” Losses Through 2019

Naval Engineering
On Monday, American shipbuilder Philly Shipyard said that it posted a net loss of $36 million for the year to date, including a $17 million write-off for the cancellation of two container ships for TOTE Maritime. 

Russia Revises Northern Sea Route Ice Class Requirements

Safety & Regulations
Russia's Ministry of Transport has announced changes to ice navigation criteria for the Northern Sea Route (NSR).

Container Lines and Terminal Operators Sign Blockchain MOU

Business
Nine ocean carriers and terminal operators have signed an MOU to form a consortium to develop the Global Shipping Business Network , an open digital platform based on distributed ledger technology. 

James Fisher digs in offshore

Wind Energy
James Fisher Subsea Excavation has introduced two new ultra-low draft tools for the European offshore wind market.

Singaporeans secure Hornsea 2 topside double

General
Sembcorp Marine has secured a contract for the engineering, procurement, construction, installation and commissioning of two topsides for the offshore substations

Fugro enters next generation

General
Fugro has signed a joint development agreement with autonomous vessel technology company L3 ASV.

Dubai sues China’s Merchants Port

Ports
United Arab Emirates DP World Limited and its subsidiaries has taken legal action against China for building an international free zone on a terminal being disputed with Djibouti.

DSME hopeful of finally getting delayed payment for drill ships from Sonangol

NewBuilds
DSME, South Korea’s second-largest shipbuilder, has gotten its hopes up to finally receive the delayed payment of near $1 billion from Sonangol EP

Wärtsilä’s Fully Integrated Scope Chosen For Largest LNG Fuelled High-Speed Catamaran

Naval Engineering
The largest ever high-speed catamaran, which will operate on LNG fuel, will feature a fully integrated scope of supply from the technology group Wärtsilä.

Simon Møkster PSV takes part in NATO exercise

Navy
Stril Mar, a Simon Møkster-owned PSV, is participating in a NATO exercise to trial using civilian vessels to support military operations.

Untrained staff is the greatest cyber risk, report finds

Cyber Security
According to Willis Towers Watson and ESI ThoughtLab, the vast majority of companies (87%) consider untrained staff as their greatest cyber risk.

EMSA: 25% of accidents on Ro-Ros are fire related

Maritime Accidents
According to EMSA data, the last seven years, 3,236 Ro-Ro accidents were reported out of which 25% are fire related, 19% collisions and 16% are attributed to loss of control.
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