Panama Canal Hearing on Tolls Structure
The Panama Canal Authority (ACP) held Tuesday a public hearing on the proposed modifications of its toll structure which culminated the period for receiving inquiries…
Ocean Yield Adds Another VLCC Newbuild
Norway-based shipping company Ocean Yield has taken delivery of Nissos Antiparos, a VLCC newbuild delivered from Hyundai Heavy Industries in South Korea, the fourth…
Top Turbine Makers to Spend $2.6bln on R&D
Research and development (R&D) expenses among the world's top ten wind turbine manufacturers are expected to exceed $2.6 billion by 2023.The R&D expenses more than doubled in the last four years…
DP World to Build $1.2B Port in Indonesia
DP World and Indonesia’s leading conglomerate Maspion Group have signed two preliminary agreements to create a $1.2 billion container port and industrial logistics…
China to Overtake Japan in LNG Imports
Japan could lose its position as the world’s top LNG importer to China as early as 2022, said a new report by consultancy group Wood Mackenzie.By then, LNG imports…
Chabahar Port Signs 11 Investment Contracts
Chabahar Port, the seaport located in southeastern Iran, on the Gulf of Oman, has signed 11 investment contracts.Considering this, it is expected that by the end…
India Upgrades its Coast Guard
The Government India has established a robust maritime search and rescue framework to address and respond to various contingencies in deep sea and in coastal areas…
Durres Port H1 Cargo Traffic Up 11%
Albania's largest sea port of Durres handled 11% more goods during January-June this year (H1 2019), than the same period of 2018, said Durres Port Authority (DPA).The…
Eagle Bulk Raises Funds for New Ships
Eagle Bulk Shipping announced a $100 million convertible note offering in a private placement to qualified institutional buyers.Eagle Bulk intends to use the net…
Caribbean to Enhance Maritime Capacity
International Maritime Organization (IMO) has signed a new Memorandum of Understanding (MoU) with the Republic of Chile, to extend Chile's technical assistance to countries in the Caribbean region…
Port of Sines Receives Milan Maersk
Port of Sines, the first largest artificial port of Portugal, said that its Terminal XXI received, on July 21, the call of “Milan Maersk”, one of the world’s largest container ships…
Kuwait Ports Authority: Gulf, Arab Countries to Coordinate Maritime Security
The Kuwait Ports Authority manager said on Wednesday that there is coordination between Gulf and Arab countries to secure the safety of maritime traffic in Gulf waters…
Baltic Index Falls on Sliding Capesize Rates
The Baltic Exchange's main sea freight index fell for a second straight session on Wednesday to its biggest one-day decline in nearly six months, as rates for capesize vessels fell after a strong run.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 7%, or 151 points, to 2,014 points, its biggest one-day drop since January 31. The index has still more than tripled since February…
US: European Maritime Security would be 'Complementary'
The United States believes a proposed European initiative to bolster maritime security in the Gulf would complement ongoing U.S. efforts there instead of being a "stand-alone" operation, the top U.S. general said on Wednesday.Washington in June first proposed some sort of multinational effort open to all allies and partners to bolster maritime security in the Gulf after accusing Iran of attacking oil tankers around the Strait of Hormuz…
Stena Bulk: Seized Tanker's Crew Safe
All 23 crew on a British oil tanker seized last week by Iran in the Strait of Hormuz are safe and well, the vessel's Swedish operator Stena Bulk said on Wednesday…
Marseille Fos Accelerates Air Emissions Cuts
Among a string of new eco-friendly initiatives, the Marseille Fos port authority is to spend $22 million over the next six years to extend shoreside electrical connections for berthed vessels to every ferry, cruiseship and repair quay within the Marseille eastern harbor.Already available on the Corsica ferry quays, the network will be expanded in two phases to cover North Africa ferry quays and the shiprepair hub by 2022 and the cruise terminal between 2022 and 2025.
Wicker Votes to Confirm Esper as Secretary of Defense
U.S. Senator Roger Wicker, R-Miss., a senior member of the Senate Armed Services Committee, has voted to confirm Dr. Mark Esper as Secretary of Defense.“Mark Esper’s experiences as a West Point graduate, combat veteran of the Gulf War, defense industry professional, and as the Secretary of the Army have prepared him well to serve as our next Secretary of Defense,” Wicker said. “Secretary Esper will…
Seaspan Opts for SCHOTTEL Again
SCHOTTEL has been chosen as propulsion supplier for two new build Ro-Ro ferries under construction at Damen Shipyards Mangalia, Romania. Each of the vessels ordered by Canadian Seaspan Ferries Corporation will be propelled by two SCHOTTEL Combi Drives and two SCHOTTEL Transverse Thrusters. The new ferries will join the company’s first two hybrid vessels, “Seaspan Swift” and “Seaspan Reliant”, which were commissioned just over two years ago.
Egypt Inks $14 mln Deal to Build Two Wheat Silos in Port Said
Egypt inked a $14 million agreement with the OPEC Fund for International Development (OFID) to build two wheat silos in Port Said, the cabinet said on Wednesday.The project aims to raise Egypt's port storage capacity for imported wheat by around 15%, Supply Minister Ali Moselhy said.The General Company for Silos and Storage will execute the project, he said, which aims to ease pressure on silos in Damietta and Alexandria.The government also hopes the new silos will reduce transport times between
Sweden in Talks with Iran, UK, Others Over Seized Tanker
Sweden said on Wednesday it was holding talks with Iran, Britain and others over a Swedish-owned, British-flagged tanker seized last week by Iran in the Strait of…
