Maritime Vessels Directory

The world's biggest shipbuilder Hyundai Heavy Industries Holdings Co Ltd is discussing concessions with EU antitrust regulators to allay concerns over its $1.8 billion bid for rival Daewoo, people familiar with the matter said.The deal, in part a response to overcapacity in the sector, would reinforce the South Korean company’s top position with a 21% market share, and comes as rivals in China and Singapore make inroads.The European Commission, which opened a full-scale investigation into the deal last December on concerns it could inflate prices and reduce competition in cargo shipbuilding, declined to comment.

Maersk to Ship Cargo Between UAE and Israel

49 minutes ago

Danish shipping giant Maersk said it will now transport ocean cargo between the United Arab Emirates and Israel, a further sign of business opening up after the two countries established full ties.Earlier this month Israel and the UAE signed an historic agreement to normalize relations, marking a big development in economic collaboration and ending a ban on trade between the Gulf Arab state and Israel.“We have opened up cargo acceptance between UAE and Israel following the lifting of the boycott,” a Maersk spokesman said.

First Tanker to Load Crude at Libya's Hariga Port Since January

29 minutes ago

An oil tanker is expected to load crude at Libya’s Marsa el-Hariga terminal this week, the first since a blockade by eastern forces in January slashed the OPEC member’s oil production to a trickle.The Delta Hellas tanker will enter Libya’s Hariga port on Wednesday and load 1 million barrels of oil from the port’s storage, the Arabian Gulf Oil Co which operates the port said in a statement.Eastern Libyan commander Khalifa Haftar said last week his forces would lift their eight-month blockade of oil exports, which depressed the OPEC member’s production down to around 100,000 barrel per day (bpd).

Sweden Protests Russian Breach of Its Waters

57 minutes ago

Sweden has protested to Russia after two warships entered its territorial waters without permission, a defense department spokesman said on Wednesday, as Sweden agreed with two neighboring countries to deepen military cooperation.The spokesman said Sweden had called in Russian diplomatic representatives to protest the breach on September 14 by “two Russian corvettes which entered territorial waters near Gothenburg”.The Swedish military has also reported that a Danish military vessel entered Sweden’s territorial waters without permission on September 16.

Metal Shark Launches Expedition Yacht Portfolio

an hour ago

U.S.-based shipbuilder Metal Shark has launched a 48-meter (158’) aluminum catamaran expedition yacht, the first in its newly introduced lineup of high-speed, long range catamaran expedition yachts.The new Metal Shark M48, named Magnet, is the first-ever private recreational yacht built by Metal Shark, a diversified builder of aluminum and steel vessels for military and commercial operators worldwide. In addition to the M48, the company’s Metal Shark Yachts portfolio includes the M30 (30 meters / 100’) and M70 (70 meters / 231’). Magnet is also notable for being built in the United States, constructed from start to finish at Metal Shark’s Franklin, La. shipyard.

Maritime Reporter and Engineering News (September 2020)

Marine Design Annual