Exmar, Golar Cease Merger Discussions
The world's two largest LNG tanker operators, Exmar and Golar LNG, have suspended merger talks, both companies said on Monday. "We are in non-talks. For the time being we are not talking…
Rapid Panamax Expansion Affects Freight Rates
A fast expansion of the fleet in the panamax sector has outpaced trade and affected freight rates, shipbrokers on Monday. "Panamax freight rates are not weaker due to falling demand…
Northrop Grumman Wins $81.3M Navy Contract
The U.S. Navy has awarded an additional $81.3 million to Ingalls Shipbuilding, a Northrop Grumman company, for the continuation of work towards the construction…
IMO: Streamlined Shipping Inspections Are Under Study
Shipping's myriad safety inspections are facing a radical overhaul after high level meetings between the International Maritime Organization (IMO) and oil industry officials.
Divers Find Way Before Visit To Sunken Ship
U.S. Navy divers who hope to recover bodies from a Japanese fishing vessel accidentally sunk by a nuclear submarine toured a similar vessel to learn more about the…
Ferry Engine Room Fire Extinguished
Fire broke out on Sunday evening in the engine room of a passenger ferry with 237 people on board in the Baltic Sea about 25 nautical miles southeast of Sweden, coastguards said.
Bulk Carrier Detained In Australia
The French-registered bulk carrier Mirande is expected to remain under detention until Monday as Australian maritime authorities conduct seaworthiness checks on…
PSA Marine Completes $112M Acquisition
PSA Marine completed the acquisition of the marine business of Sembcorp Logistics Ltd. for $112.97 million. "The strategic acquisition complements PSA Marine's core…
Alaska Governor Signs Cruise Bill
Gov. Tony Knowles signed a bill that makes Alaska the first state to regulate water pollution from cruise ships. "For the first time we'll know what the huge and…