Drewry: Reefer Box Capacity to Grow 22%
Reefer capacity on the containership fleet is expected to increase by 22% over the next five years, at the expense of a declining specialized reefer fleet, according to Drewry's latest Reefer Shipping Market Annual Review & Forecast. Reefer box capacity is expected to grow from 1.6 million 40ft slots in 2013 to 1.9 million slots in 2018. However, this fleet growth is not expected to adversely impact vessel utilization levels thanks to strong cargo growth.
Incat Crowther Launches Ferries for Sydney
Incat Crowther announced the launch of Mary Reibey and Annabelle Rankin, the second and third in a series of 24m catamaran passenger ferries for Captain Cook Cruises. Built by Richardson Devine Marine, the vessels follow on from Elizabeth Cook, launched late last year. Elizabeth Cook currently operates in the Sydney Ferry Network, including the shallow water zones on the Parramatta River and across Sydney Heads to Manly.
Coast Guard Rule on Vessel Documentation Renewal Issued
The U.S. Coast Guard's final rule on vessel documentation renewal fees was published in the Federal Register Tuesday. The Coast Guard is amending its regulations to separately list an annual fee for renewals of endorsements upon the Certificate of Documentation. The Coast Guard is required to establish user fees for services related to the documentation of vessels. This final rule separately lists…
Spanish Coast Guard Rescue 700 African Migrants
Spanish emergency services picked up 470 immigrants travelling in dozens of rafts across the Strait of Gibraltar on Tuesday and 227 from the same stretch of water the day before…
CMMI, SPNM & ICS Focus on Container Weights
Three major maritime organizations, the Company of Master Mariners of India, the Institute of Chartered Shipbrokers and Shipping Professionals Network-Mumbai teamed…
Hapag-Lloyd Operating Profit Down on Lower Freight Rates
Germany's Hapag-Lloyd's said it expected operating profit to drop considerably this year after tough competition in container shipping dragged freight rates lower in the second quarter.
Fugro Report Mixed Fortunes in First Half 2014
Fugro report first half-year revenue of EUR 1,186.9 million compared to EUR 1,167.9 million in first half of 2013. Year-on-year revenue growth at constant currencies…
Aker Solutions to Lease 31,100 sq.m Aberdeen Office
"This move is a long-term investment for us and underlines our commitment to Aberdeen and our customers in the area," said David Currie, Aker Solutions' regional head in the UK.
Kara Sea Platform 'West Alpha' Starts Drilling
The 'West Alpha' platform, owned by North Atlantic Drilling, has begun drilling the Universitetskaya-1 well in the Kara Sea as part of a joint Rosneft and ExxonMobil project…
NAMEPA Members Get Enhanced RightShip Enviro-ratings
North American Marine Environment Protection Association (NAMEPA) says that in recognition of their strong commitment to sustainability its members have been awarded…
Gulf Island Wins Arena GoM Rig Construction Contract
Gulf Island Fabrication, Inc. says that, through its subsidiary Gulf Island L.L.C., it has received an award letter from Arena Offshore, LP for the fabrication of…
USCG, Lake Carriers, Sign Mutual Training Agreement
The U.S. Coast Guard 9th District informs it has jointly signed a Mutual Training Agreement, that further promotes cooperation and education opportunities between…
UK Consortium Scraps Portsmouth Dockyard Plan
Portsmouth Shipbuilding Group was set up in the wake of the decision made by BAE Systems last year to relocate its shipbuilding division to the Clyde, in Scotland…
US Marine Consultancy EBDG Expands, Employs Marine Engineers
Elliott Bay Design Group LLC (EBDG) says it has welcomed two new Marine Engineers to its team: William Summers (Bill) in its New Orleans office and Eileen Tausch in its Seattle office.
Aecon Report Strong Q2 2014 Energy Sector Results
Canada-based Aecon Group Inc. Revenue was $590 million for the second quarter of 2014 compared to $698 million for the same period of 2013, largely due to lower…
Matson Ship Rescues 3 From Hurricane Stricken Sailboat
A container ship's crew rescued three people on Monday from their disabled sailboat after it took on water when it got caught in Hurricane Julio and encountered…
Kawasaki Robots in TRANSFORMERS 4 Movie!
If you've seen the fourth installment of the Transformers film series - Transformers: Age of Extinction - you may have noticed some star turns from the other "transformer" robots.
OneSubsea, Helix and Schlumberger to Form Alliance
OneSubsea™, a Cameron and Schlumberger company, Helix Energy Solutions Group, Inc. and Schlumberger today announced that they have entered into a letter of intent…
Overseas Shipholding CEO Capt. Robert Johnston to Retire
Overseas Shipholding Group, Inc. announced today that Captain Robert Johnston, President and Chief Executive Officer, will retire from the company effective immediately.
Woodside Acquires Exploration Acreage in Gabon
Woodside has acquired a 40% participating interest in an exploration, exploitation and production sharing contract (EEPSC) for Block F15 in the Gabon Coastal Basin.
