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February 19, 2017 6:56 PM ET

Tanker Market Facing Test

 The tanker market has certainly had some tumultuous times of late, points out a report by Clarksons Research.   Crude tanker earnings picked up in 2014, averaging nearly $27,000/day, and surged to an annual average of around $50,000/day in 2015.    Things started to cool off into 2016,

February 19, 2017 6:55 PM ET

Cambodia Study Looks at Port Data Exchange

 A feasibility study to look into the possible expansion of the Northeast Asia Logistics Information Service Network (NEAL-NET) is being undertaken in Cambodia, as part of a project co-funded by International Maritime Organization (IMO) and China.    NEAL-NET was established in 2010 by China,

February 19, 2017 6:55 PM ET

Focus on Sustainable Use of the Oceans

 Preparations are underway in New York ahead of June’s UN Oceans Conference, which is focused on achieving UN Sustainable Development Goal 14: ‘Life Below Water’.    An estimated 40% of the world’s oceans are being badly affected by unsustainable practices.

February 19, 2017 6:54 PM ET

HMM Acquires Four Terminals From Bankrupted Hanjin

 Hyundai Merchant Marine (HMM) announced that it has entered into a contract with Hanjin Shipping and Marine Terminals Investment Limited (MTIL) to acquire Hanjin Pacific Corporation’s 100% stake in terminals in Tokyo and Kaohsiung.                  

February 19, 2017 6:51 PM ET

HMAS Anzac Transits to Fleet Base West

 Australian Navy's HMAS Anzac commenced her recent transit to Fleet Base West alone, meeting with sister frigate HMAS Parramatta in Jervis Bay.   For some such as Lieutenant James Keagan, Reserve Entry Officers’ Course member, it was their first real exposure to ship life.

February 19, 2017 6:50 PM ET

US Aircraft Carrier Strike Group Begins Patrols in South China Sea

 Carrier Strike Group (CSG) 1, including Nimitz-class aircraft carrier USS Carl Vinson (CVN 70), Destroyer Squadron (DESRON) 1's Arleigh Burke-class guided-missile destroyer USS Wayne E. Meyer (DDG 108), and aircraft from Carrier Air Wing (CVW) 2, began routine operations in the South China Sea,

February 19, 2017 6:50 PM ET

Navy Handed Over Seychelles Ship Topaz After Refit

 Seychelles Coast Guard Patrol Ship (SCGPS) Topaz has completed her Medium Refit and has been handed over to Colonel Simone A Dine, Commander Seychelles Coast Guard by Rear Admiral Narayan Prasad, NM, Admiral Superintendent, Naval Dockyard, Visakhapatnam on 16 February 2017.

February 19, 2017 5:40 AM ET

Color Line, Ulstein ink hybrid vessel Deal

It has now been decided that Ulstein Verft will be constructing Color Line’s new hybrid vessel. The environmentally sound ship will be servicing Sandefjord – Strømstad from summer 2019. Ulstein won the contract in competition with several other yards.

February 19, 2017 5:37 AM ET

FUSION Wins NMMA Innovation Award

FUSION announced today that its STEREOACTIVE purpose-builtportable marine stereo has won the National Marine Manufacturers Association (NMMA) Innovation Award in the Watersport Equipmentcategory at the 2017 Miami International Boat Show. The Innovation Awards program,

February 19, 2017 5:34 AM ET

20-Year Development plan underway at Shoreham Port

It’s been a busy start to 2017 at Shoreham Port with imports and exports flowing steadily through, new recruits joining the team and a number of development projects under way. Port Masterplan Recently, long-term plans at the Port have been in the spotlight.

February 19, 2017 5:31 AM ET

Volvo Penta Wins Innovation Award for Inboard Joystick

The National Marine Manufacturers Association (NMMA) and Boating Writers International (BWI) today presented Volvo Penta with a 2017 Innovation Award for the Volvo Penta Joystick for Inboard. It is the first and only joystick for twin inboard shaft installations

February 19, 2017 5:28 AM ET

Carrier Strike Group 1 Conducts South China Sea Patrol

Carrier Strike Group (CSG) 1, including Nimitz-class aircraft carrier USS Carl Vinson (CVN 70), Destroyer Squadron (DESRON) 1's Arleigh Burke-class guided-missile destroyer USS Wayne E. Meyer (DDG 108), and aircraft from Carrier Air Wing (CVW) 2, began routine operations in the South China Sea, Feb.

February 18, 2017 7:26 AM ET

GOST Debuts Security Technology at Miami Boat Show

GOST (Global Ocean Security Technologies), a world leader in marine security, tracking, monitoring and video surveillance systems, announced today that it will highlight its newest marine products at the 2017 Miami International Boat Show at the Miami Marine Stadium Park & Basin.

February 18, 2017 7:22 AM ET

NMMA CSI award for Volvo Penta

The National Marine Manufacturers Association (NMMA) has presented the 14th consecutive annual Customer Satisfaction Index (CSI) award to Volvo Penta for its gasoline sterndrive engines.   The CSI awards, presented at the Miami International Boat Show Feb.

February 18, 2017 7:16 AM ET

Nb. 434 to be christened ‘Symphony Provider

On Thursday the 9th of March, 11.00 hrs Nb. 434 will be christened as ‘Symphony Provider’. She is the second in a series of two ECOBOX DP2 vessels that will be delivered to Symphony Shipping. As add-on compared to the already delivered ECOBOX design,

February 18, 2017 7:12 AM ET

Eighth Lamprell Rig for NDC

Lamprell announces the completion of construction on a further jackup drilling rig, the “Al Hudairiyat”, and its delivery to Abu Dhabi’s National Drilling Company (“NDC”), within budget and as scheduled. Completion and delivery of the jackup rig was

February 18, 2017 7:08 AM ET

Shipbuilder HII Declares Quarterly Dividend

 Huntington Ingalls Industries announced today that its Board of Directors has declared a quarterly cash dividend of $0.60 per share, payable on March 10, 2017, to shareholders of record as of the close of business on March 3, 2017. Huntington Ingalls

February 18, 2017 7:03 AM ET

VBMS awarded EnBW Hohe See cabling contract

Royal Boskalis Westminster N.V. (Boskalis) announces that its subsidiary VBMS has been awarded an inter-array cabling contract with a value of approximately EUR 80 million by EnBW Hohe See GmbH & Co.KG for the 500 MW EnBW Hohe See Offshore Wind Farm.

February 17, 2017 5:21 PM ET

US Probe into El Faro Disaster Concludes Public Hearings

U.S. investigators stood in silence for 33 seconds on Friday as they concluded the public phase of a probe into the sinking of the El Faro cargo ship during a 2015 hurricane, recognizing each crew member aboard who died.   The Coast Guard's Marine Board of Investigation,

February 17, 2017 3:40 PM ET

Aframaxes Taken for Short-term Time Charters in Asia

The Asian Aframax market is currently stable but seems to be facing a more positive outlook on the back of short-term time charters as well as an increase in third decade cargoes. Rates for an Indonesia/Japan run basis 80 kt are hovering around w100 to w102.



 
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