Maritime Vessels Directory

Joel Reid joined Cox Powertrain in April 2015. He holds an EMBA in Business from the University of Chicago, a Master’s Degree in Marine Surveying and a Bachelor’s degree in Business Administration. Reid has been instrumental in bringing Cox’s ground-breaking 300hp diesel outboard to market and has worked tirelessly over the last three years to create an enviable global distributor network. Reid is currently focuses his efforts on sales, distribution and support in the US market, which it is predicted to account for approximately 50% of Cox’s diesel outboard sales globally.

NorShipping 2019: A “Koselig” Event

19 hours ago

"Koselig" is a Norwegian adjective used to describe situations that give a feeling of comfort, warmth, and relaxation. The NorShipping exhibition and conference, one of the largest in northern Europe, could definitely be described as koselig. Occurring in Oslo, Norway between June 4-7, 2019, the conference featured close to 1,000 exhibitors from around the world. With the prominently featured Blue Economy Hall, terms such as marine sustainability and environmental ocean awareness held the center stage at a number of the events.

Dolphin Drilling Declares Bankruptcy

yesterday

Norwegian oil and gas rig operator Dolphin Drilling filed for bankruptcy on Wednesday, leading creditors to seize its key assets in a restructuring that will see the company maintain operations.Formerly known as Fred. Olsen Energy, Dolphin Drilling ASA had debt of just over $1 billion at the end of 2018 and a net loss for the year of almost $300 million, its annual report shows.Once a dominant supplier of drilling rigs to oil and gas firms exploring the North Sea, Dolphin was hit hard by a collapse in oil prices from 2014 to 2016 as well as competition from newcomers that drove down rig rates.Its share price has fallen 88% over the past year and was down 6.

Market in Focus: Gas Ships

yesterday

Infrastructure continues to expand, and pricing incentives will continue to shift as the market matures. The LNG markets look like they may resemble the clean product tanker market in several years, which is highly arbitrage driven. We look to see an increased number of portfolio players working the spot market, which will drive the commoditization of the space and enable further demand.The total ton-mile demand for LNG carriers has increased over the past several years. More than 60 countries have imported LNG cargoes in the past quarter, and 14 of these countries imported no LNG in 2013, highlighting the growing ecosystem available for sellers.

IMO 2020: Hydrogen's Future in Maritime

2 days ago

Hydrogen fuel cell technology to Satisfy Future IMO RequirementsWith an ongoing push by the maritime community to reduce ship emissions to satisfy IMO MARPOL Annex VI regulations and limit the sulfur content of ships from 01 January 2020 to 0.5 percent world-wide, many ship owners are starting to consider hydrogen fuel cell technology to satisfy evolving emissions regulations. To date, hundreds of millions of dollars have been spent on research programs to utilize hydrogen fuel cells for transportation.

Maritime Reporter and Engineering News (June 2019)

80th Anniversary World Yearbook