Diana Shipping Assumes Contracts for Purchase
each. Co., Ltd. and Diana Shipping Inc. during the second quarter of 2010. will use to pay the pre-delivery installments of these two newbuilding dry bulk carriers.
Genco Shipping to Extend Time Charter
Genco Shipping & Trading Limited announced it has reached an agreement in principle to extend the time charter for the Genco Success, a 1997-built Handymax vessel…
Korean Ship Exports to Exceed $22b
Reports said that exports of Korean ships are expected to exceed $22b this year on the back of more sales of high-value-added vessels including liquefied natural gas carriers.
Dominion E&P Names New Offshore VP
Dominion Exploration and Production, a subsidiary of Dominion, has appointed Richard L. “Rick” Fowler vice president and general manager, Gulf of Mexico Operations.
Senate Passes GreenLane Port Security Legislation
The Senate passed the cargo security legislation authored by U.S. Senator Patty Murray (D-WA) that is aimed to improve the security of America 's ports and cargo container system.
APL: Port Infrastructure Deter India’s Progress
A lack of infrastructure and high port and inland costs continue to limit India’s economic progress, a senior executive of global container transportation leader…
ITIC Warning for Surveyors on Indemnities and Waivers
The International Transport Intermediaries Club (ITIC) has warned its surveyor members, wherever possible, not to sign indemnities or waivers before they have been…
LCL Expands into Egypt
Lauritzen Cool Logistics (LCL) the logistics subsidiary of reefer vessel owner and operator NYKLauritzenCool, provides customized multi-modal and multi-destination…
Exmar Terminates Time Charters
EXMAR has signed an agreement to terminate the time charter contracts of the three 10,500 m³ Ethylene carriers (Polar Discovery, Polar Belgica and Polar Endurance) both with Eitzen…
Coast Guard Responds to Grounding off Port Everglade
Coast Guard inspectors on board the Clipper Lasco have confirmed the 645-ft. cargo vessel has run aground just west of the designated anchorage area off Fort Lauderdale Beach, Fla.
Suez Canal Reopens to Very Large Ships
The Suez Canal has reopened to very large vessels including supertankers after the authorities introduced special procedures in the deeper eastern channel, which…
Exxon Chief Backs More Access to Offshore Acreage
ExxonMobil Corp supports legislation that would give companies greater access to offshore U.S. oil and gas acreage, chief executive officer Rex Tillerson said. Two…
Bidding for PNG’s Offshore Oil Leases On
The Papua New Guinea Government received confirmation of global interest in bidding for 15 exploration blocks in the Gulf of Papua when 60 executives from more than…
Denmark Promises Vietnam for Strong Support on Development
The Danish government was committed to implementing the Denmark-Vietnam Cooperation Development Strategy for 2006-2010,said Danish Prime Minister at a meeting in Hanoi.
Royal Caribbean to Expand Operations in Asia in 2007
Royal Caribbean International announces its return to Asia in December 2007. The Vision-class ship, featuring the line’s rock-climbing wall and indoor glass walls…
Nigeria: Navy Concludes Plans On Local Shipbuilding
The Nigerian Navy has announced that it was making plans to commence shipbuilding locally in the nearest future with a view to meeting with capacity demands of the nation's maritime industry.
Inquiry Lists Factors Behind Sinking
The Manila Times reported that the Special Board of Marine Inquiry looking into the sinking of the tanker Solar 1 blamed the incident on overloading, bad weather and an incompetent ship captain.
Senate OKs Security Improvement Act of 2006
The American Association of Port Authorities (AAPA) applauded the unanimous vote in the U.S. Senate to pass the Port Security Improvement Act of 2006 (H.R. 4954)…
Navy Safety Excellence Award 2006 Winners Honored
Secretary of the Navy, Dr. Donald C. Winter presents the Department of the Navy 2006 Safety Excellence Award for Marine Corps ground safety to Marine Corps Base Camp Lejeune at the Navy Memorial.
Former Coast Guard Commandant Dies
The U.S. Coast Guard today announced the death of Adm. J. William Kime, 72, Coast Guard commandant from 1990 to 1994, who succumbed to cancer earlier this morning.