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NEW VESSEL DESIGNS ANNOUNCED AT MARINTEC

A number of shipbuilding innovations have been unveiled at Marintec China, being held from December 5 to 8 in Shanghai. Started in 1981, Marintec China has become an important event for the international maritime community and its understanding of Chinese shipbuilding, offshore equipment and related markets. New ballast-free LNG carrier …

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HYDRODYNAMIC INTERACTION CAUSED COLLISION

The Australian Transport Safety Bureau has released the final report into its investigation into a collision between the tug Arafura Sea Delta and general cargo ship Thorco Crystal, at Weipa Harbour, Queensland on June 24, 2017. The Arafura Sea Delta and another tug were assigned to assist Thorco Crystal’s berthing at Weipa Harbour. Arafura Sea Delta came alongside Thorco …

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ILLEGAL FISHING BOAT TRIES TO FLY SIX FLAGS

Last week, Indonesian maritime authorities seized a Chinese fishing boat carrying the flags of six different states, including East Timor, Malaysia, Singapore, China, the Philippines and Indonesia. There are legitimate reasons to carry multiple flags, but Maritime Affairs and Fisheries Minister Susi Pudjiastuti said that the vessel was suspected of changing out its …

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SAMSUNG HEAVY INDUSTRIES ANNOUNCES NEW LOSSES

Samsung Heavy Industries’ stock lost thirty percent of its value on Wednesday after the number three shipbuilder announced new losses and a $1.4 billion rights offering, which will dilute existing shareholders. It will be the second time that Samsung has issued new shares in a year, following a $900 million …

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