Long Term Somali Pirate Hostages Freed
Twenty-two hostages seized by pirates nearly three years ago have been freed from the Panama-flagged 'MV Iceberg One'. Authorities in Somalia's semi-autonomous region of Puntland informed the BBC that their maritime force began the operation to free the hostages - and their ship - nearly two weeks ago. The Panama-flagged MV Iceberg One was seized off the Yemeni coast in 2009, and was being held near…
Subsea Cables Demand Good News for Supply Sector
More than 1,100 new submarine electricity cable systems are planned from 2012 to 2020, according to a new market research report. The small and highly specialized…
Alaska Drill Rig Refit Contract Terminated
Buccaneer Energy contextualizes termination of its contract with Archer Drilling as project manager of work on one of its jack-up rigs. The contract was for Archer…
Container Tracking: Market Leader States Strategy
Gatekeeper USA, Inc. explains its marketplace and its innovation in container tracking and security. Containers account for 95% of U.S. import-export shipboard cargo.
Wärtsilä AQUARIUS®UV BWMS Type Approved
Wärtsilä's AQUARIUS® UV Ballast Water Management System (BWMS) has been granted Type Approval in accordance with the 2004 IMO Convention. This approval endorses…
Ingalls Shipbuilding: Gulf Coast Santa to Needy
Ingalls Shipbuilding brings holiday cheer to communities through employee donations and $15,000 to local food banks. Huntington Ingalls Industries' Ingalls Shipbuilding division and its employees have participated in holiday giving throughout all of the communities on the Gulf Coast. Hundreds of employees worked together to donate money, food, toys and other special items to several different organizations.
Goa Shipyard Hands Over India Naval OSPV
The first of the new 105 meter class of Naval Offshore Patrol Vessel to be commissioned INS Saryu' handed over to the Indian Navy. The new vessel, indigenously designed in-house and built by Goa Shipyard Ltd. was handed over in a simple ceremony in Goa by RAdm (Retd) Vineet Bakhshi, Chairman & Managing Director, Goa Shipyard Limited to Cdr Amanpreet Singh, Commanding Officer Designate, INS SARYU. Cmde R. Sreenivas, Commodore Superintendent, NSRY (Port Blair), Shri R.
Malaysia Port Operators Seek Growth in New Markets
Westports Malaysia, operator of the country’s busiest port, Port Klang looks to potential markets in SE Asian countries to expand container business. Chief executive officer…
UK Shipping Carbon Budget Decision Deferred
UK Government announce its decision on international aviation and shipping emissions. Government will defer a decision on whether to include international aviation…
HIgh LNG Freight Rates Possibly Short-term
Market analysis suggests winter demand could cause LNG freight rates to rise but downward pressure might later be forthcoming. Rising LNG prices, almost stagnant…
New Bulker, Drawdown Loans Actioned by Diana Shipping
Diana Shipping Inc. signs MOU to buy a new-building bulk ship from a third party; subsidiaries negotiate term loan facilities. The new-building Kamsarmax dry bulk carrier…
Drilling Rig Status Update from Rowan
Rowan Companies plc gives an update on notable events. EXL I: Changed day rate to mid $220s (previously mid $210s) due to amortization adjustment. J.P. Bussell…
COSCO China Shipyard to Build Four PSV's
COSCO Singapore subsidiary COSCO Zhoushan contracted with further opetion to build four Rolls Royce design Platform Supply Vessels (PSV's). The value of the contract with a Hong Kong shipowner, is about US$119.2 million in total, and deliveries are expected to begin in the first half of 2014. In addition, within six months, the ship owner has an option to declare up to another four contracts for the construction of the same UT771CDL PSVs,which has a value of approximately US$119.2 in total.
