'World's Greenest Containership' Calls Red Sea Gateway
United Arab Shipping Company (UASC) and Red Sea Gateway Terminal (RSGT) celebrated the world’s greenest ultra-large container vessel 18,800TEU M.V. Al Nefud during its maiden call to RSGT at Jeddah Islamic Port today. The event was attended by Dr. Nabeel Al-Amudi, President of the Saudi Ports Authority and Chairman of UASC, Mr. Waleed Al Dawood, COO at UASC and Mohammed Al-Mudarres, CEO at Saudi Industrial Services Company (SISCO)…
Baltic Index Up for Tenth Consective Session
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, rose for the tenth straight session on Thursday, helped…
Arctic Thaw Presents Shipping Risks to Environment
Rising average temperatures are melting ice; the call goes out for heavy fuel oil to be regulated in Arctic. The Arctic is thawing even faster than lawmakers can…
Sub M 90 Program Underway
MarineCFO Offers Vessel365 & Homeport365. Industry technology services provider, MarineCFO, has announced the “Sub M 90” Program commencing February 25, 2016 and terminating June 22, 2016.
Ensco plc Report Loss
LONDON--(BUSINESS WIRE)-- Ensco plc (NYSE: ESV) today reported a loss of $10.64 per diluted share in fourth quarter 2015 compared to a loss of $14.89 per diluted share in fourth quarter 2014.
‘MOL Wins "Merit at Environmental Communication Awards"
Mitsui O.S.K. Lines, Ltd. today announced that the “MOL Group Safety, Environmental and Social Report 2015”(*1) received the Award of Merit in Environmental Report…
CNO, MCPON Engage Norfolk Sailors
Chief of Naval Operations (CNO) Adm. John Richardson and Master Chief Petty Officer of the Navy (MCPON) Mike Stevens visited Sailors and toured naval activities in Norfolk, Va. Feb. 24.
Lucas is Director, Customer Service & Membership, Suntex Marinas
Suntex Marinas, an owner and operator of marina properties, announced today the promotion of Martin Lucas to the role of Director of Customer Service and Memberships.
Royal IHC Delivers another Dutch Dredger
On February 18, 2016, Royal IHC delivered the trailing suction hopper dredger (TSHD) Mahury to Baggerbedrijf de Boer – Dutch Dredging. The twin-screw TSHD was built at IHC’s partner shipyard…
Transocean 4Q Revenue Up
Transocean Ltd. Revenues were $1.85 billion, up from $1.61 billion in the third quarter of 2015; Operating and maintenance expenses were $794 million, down from $880 million in the prior period…
Icebreaker Aground in Antarctica
Australia's icebreaker Aurora Australis has run ashore at Mawson Station while resupplying the Antarctic base, reports Reuters. A statement from the Australian Antarctic…
Kongsberg Appoints New Managing Director
Leif Kristian Weum has been appointed to the position of Managing Director of the Kongsberg Maritime Sales and Service office in Athens, Greece. Kongsberg Maritime…
Are You Ready for Container Weighing?
Hutchison Ports (UK) Limited in its latest ship2shore Magazine takes a look at methods of weighing containers. Half a century after containerization first emerged to transform the world of shipping…
A Mega(Ship) Year at Felixstowe
The Port of Felixstowe welcomed 105 calls last year by container ships of over 18,000 TEU, including all the largest container ships in the world. It is now firmly…
Maersk Sees Rise in Asia Trade Volume
The world's biggest container shipping line Maersk Line by capacity estimates up to a 15% increase in container volumes from Asia to the rest of the world in early 2016…
MISC Buys Back 50% Equity in Gumusut-Kakap for $445mln
Malaysian state-owned shipping company MISC has bought the remaining 50% stake in the Gumusut-Kakap Semi-Floating Production System Limited (GKL) for $445m from E&P Venture Solutions (EPV)…
Cambodia Mulls Buying Chinese Warships
The Phnom Penh Post reported that Cambodia was in negotiations to buy two 140-metre heavy warships armed with modern weapon systems from China, citing the commander of the Royal Cambodian Navy.
AWO Hails DHS Subchapter M Approval
Regulations Now in Final Stage of Administration Review. The American Waterways Operators, the national trade association for the tugboat, towboat and barge industry…
McDermott, L&T Enter Agreement for India Deepwater Market
McDermott International, Inc. (NYSE: MDR) signed a long-term exclusive agreement with L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Larsen & Toubro, focused on subsea projects offshore the east coast of India. “This exclusive agreement further strengthens the relationship between McDermott and LTHE, both companies that have successfully cooperated on several earlier projects in India and…
Texas Ranks Third for U.S. Maritime Jobs, Houston No. 2
Texas ranks third among all states for domestic maritime jobs with Houston ranked second among all U.S. cities for its contribution to the U.S. maritime industry, according to a new study PricewaterhouseCoopers (PwC) for the Transportation Institute and released by the American Maritime Partnership (AMP), the voice of the U.S. domestic maritime industry. The domestic maritime industry, comprised of the vessels which move cargoes between American ports…
