Shippers, Traders Scramble After OW Bunker Says Near Bankruptcy
Shipping companies and bunker oil traders scrambled to source fuel and take over supply contracts on Thursday after OW Bunker, one of the world's biggest shipping fuel firms…
U.S. Weather Forecaster Slightly Reduces El Nino Chances
The Climate Prediction Center, an agency of the National Weather Service, on Thursday projected a 58-percent chance of El Nino developing during the Northern Hemisphere winter…
Moroccan Frigate Docked for Maintenance
The Royal Moroccan Navy’s frigate Tarik BenZiyad has returned to the Damen Shipyards Group for its first routine drydocking after three years of operation. The SIGMA multi-mission frigate 10513, built at Damen Schelde Naval Shipbuilding (DSNS) in the Netherlands, arrived at Damen Shiprepair Brest in France on October 24 for a maintenance program of approximately 30 days. “As the original equipment manufacturer…
Malgrain Named Executive VP of Bourbon
At a meeting on November 4, Bourbon’s board of directors appointed Nicolas Malgrain as executive vice president effective December 1, 2014. He will be in charge of the group’s strategy, finance and administration. Malgrain, nominated on the proposal of the chief executive officer Christian Lefevre, will succeed Laurent Renard, who will retire effective December 31, 2014, on the executive committee.
Carnival to Add 4 New Ships over 18 Months
Carnival Corporation & plc announced it will increase fleet capacity by nearly 10 percent from 2014 through 2016, fueled largely by the addition of four new ships across four brands in less than 18 months. This week, Carnival Corporation is christening two new ships in the span of three days as its Princess and Costa brands host official naming ceremonies for Regal Princess and Costa Diadema, the latest…
MSC Consolidates HQ in Norfolk
Military Sealift Command (MSC) received approval Oct. 30 to officially begin geographically consolidating at Naval Station (NS) Norfolk, Virginia, a single headquarters that since 2012 has been physically split between the Washington Navy Yard, D.C., and NS Norfolk. The consolidation is scheduled to be complete by the end of Fiscal Year 2019. Consolidating MSC headquarters staff in Norfolk helps streamline processes…
Port Congestion Impacts Indian Coal Imports
India's coal imports fell 9 percent to 15.33 million tonnes in October from a month ago as cyclone Hudhud exacerbated congestion at some ports, according to provisional…
Honing Skill Of Seafarers Using SATCOM
Maritime operational effectiveness is to be enhanced globally through the provision of training and certification for seafarers assigned to use advanced satellite…
USCG Training Center Holds Heritage Event
Members of the U.S. Coast Guard Training Center, Cape May, N.J., were treated to a speech on the history of the Lenape Indian tribe during a Native American Heritage event held on base, Nov.
Fraud at OW Bunker's Subsidiary
The senior management of OW Bunker has today been informed about a fraud committed by senior employees in the Singapore-based subsidiary Dynamic Oil Trading (DOT). The case is under investigation.
DryShips Reports 3Q 2014 Results
DryShips Inc. an international provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc.…
Flagship Niagara League Announces Partners
Representatives from the Flagship Niagara League were in Toledo on Wednesday to announce two new partnerships --- A new scholarship and training opportunity for…
USNS Choctaw County in 'Exercise Bold Alligator'
Spearhead-class joint high speed vessel USNS Choctaw County (JHSV 2) is conducting proof-of-concept testing during Exercise Bold Alligator 2014 as an afloat forward staging base style platform.
Holland America Line Creating Marine Protection Awareness
As part of its “Our Marvelous Oceans” partnership with Marine Conservation Institute, Holland America Line has created a new program that highlights and educates…
G E Shipping to buy Product Tanker
The Great Eastern Shipping Company Limited (G E Shipping) signed a contract to buy a Medium Range Product Tanker of about 48,700 dwt on 4th November, 2014. The 2004…
LaGrange Cites Strong Growth Numbers in Port Address
Economic development wins, new services and expanded agreements have resulted in record operating revenues and strong, double-digit cargo growth in 2014, Port President and CEO Gary LaGrange said during the annual State of the Port Address hosted by the International Freight Forwarders and Customs Brokers Association of New Orleans today. “Through a lot of hard work by your Port and with the help of…
US Navy Aircraft Carrier Leaves Drydock
With tugboats guiding it into the James River, the aircraft carrier USS Abraham Lincoln (CVN 72) was moved from one of Newport News Shipbuilding’s drydocks to an outfitting berth on Monday. With this move, Newport News, a division of Huntington Ingalls Industries (HII), officially completed the drydock portion of the carrier’s mid-life refueling and complex overhaul (RCOH). Now at Outfitting Berth 1, the carrier will undergo final outfitting and testing.
Endurance Appointed Custodian of 1860s Shipwreck
Exploration Group, Inc., a company which performs shipwreck research, survey and recovery, was appointed, by the U.S. District Court for the Middle District of Florida, Tampa Division, as substitute custodian of the recovered hull fragment artifacts and any future artifacts recovered from the 1860s shipwreck of S.S. Connaught. "This completes our first legal steps to establish our company as salvor-in-possession of the wreck and…
High Daily Rates Boost Bourbon Q3 Revenue
Bourbon announced its financial results for the third quarter of 2014, in which its saw revenues increase by 5.7% year on year as fleet growth and higher average daily rates were partially offset by lower utilization rates. Bourbon said average daily rates increased in almost all segments and regions, owing in part to newer, larger vessels having higher day rates and also improved rates on some contract renewals and extensions.
TEN Charters up to Two Suezmax Shuttle Tankers
Tsakos Energy Navigation Ltd., a crude, product and LNG tanker operator, reached an agreement for a long-term time charter to a national oil company of a new DP2…