Asia-Euro Box Rates Jump 88 pct
Shipping freight rates for transporting containers from ports in Asia to Northern Europe jumped 88.2 percent to $1,312 per 20-foot container (TEU) in the week ended on Friday…
Somali Pirates free Indian Sailors after 4 Years
Somali pirates have freed seven Indian sailors detained for close to four years in exchange for an undisclosed ransom, Somali officials and a maritime monitoring group said on Friday.
USCG Cutter Diligence Returns
The crew of Coast Guard Cutter Diligence returned to Wilmington following a 45-day patrol in the Caribbean Sea. While on patrol, Diligence served as the operational…
Southern California Port Congestion
Hapag-Lloyd informs about the congestion at the ports of Los Angeles and Long Beach that has reached a critical point. I. Several container ships are anchoring off…
GAC Starts Hull Cleaning Op'ns in Oman
GAC EnvironHull hull cleaning operations using the brush-and-diver-free HullWiper system starting at the port of Sohar, just outside the Gulf of Hormuz. This latest…
Ensco plc Reports 3Q, 2014 Results
Ensco plc today reported earnings per share from continuing operations of $1.93 in third quarter 2014, up 16% from $1.66 in third quarter 2013. Adjusted for a $0.06…
Chevron Announces Quarterly Dividend
The Board of Directors of Chevron Corporation today declared a quarterly dividend of one dollar and seven cents ($1.07) per share, payable December 10, 2014, to…
Fukushima Offshore Floating Wind Farm Update
A consortium has been participating in an experimental offshore floating wind farm project sponsored by the Ministry of Economy, Trade and Industry since March 2012.
Wärtsilä Propulsion Equipment for 2 Fishing Vessels
Two new 78 metre purser/trawler fishing vessels being designed and built at Karstensen Shipyard in Denmark will feature Wärtsilä's main propulsion and control equipment.
Seaspan Receives 5th 10K TEU Boxship
Seaspan Corporation announced yesterday that it accepted delivery of a 10000 TEU containership, the MOL Brightness. The new containership, which was constructed…
MHI to Change Name of Group Company
Effective November 1 Mitsubishi Heavy Industries, Ltd. (MHI) will change the name of its group company in Singapore from Mitsubishi Heavy Industries Engineering & Services Private Ltd.
Petrobras P-66 Platform Module to Boost Production
The P-66 platform’s first modules, built at the Tomé Ferrostaal Consortium’s Module Plant located at the Port of Maceió, Alagoas, are now ready and loaded on the São Tomé barge.
Class NK Eyes Singapore Renewable Energy Facility
ClassNK has launched a feasibility study for a new marine renewable energy testing facility to be built in Singapore. The announcement was made at the 2014 Asian…
Easing US Oil Export Ban Unlikey to Raise Gasoline Prices
A government study on Thursday essentially supported the notion that easing the decades-old restriction on exporting U.S. crude was more likely to lower than raise…
Keel Laid, Fabrication Started on 2 Navy Warships
This week, General Dynamics Bath Iron Works celebrated two milestone events for the Arleigh Burke-class program. On October 30, Bath Iron Works held a keel laying ceremony for the Rafael Peralta (DDG 115), the company’s 35th Arleigh Burke-class guided-missile destroyer. The ship is named for Sgt. Rafael Peralta, U.S. Marine Corps, who was deployed to Iraq in Operation Iraqi Freedom and was killed November 15…
Industrial Pressure Washers Kill Viruses
Water Cannon Pressure Washers deliver a wide swath of low pressure 180 degree F. hot (Hot Water Heater required at water source) or ambient temperature water injected with 5.25% sodium hypochlorite (household bleach) and calcium hypochlorite (bleach powder). This application for 10 minutes on concrete, brick, stone or metal surfaces will kill viruses including influenza (repeat if needed). Water Cannon products…
Bulker Arrives to US on Her Maiden Voyage
The Port of Vancouver USA welcomed the Kypros Unity, commanded by Capt. Wilfredo F. Itable of Cyprus, on her maiden voyage Oct. 28. Capt. Itable and his 20-member Filipino crew were welcomed to Vancouver by Keith Anderson and Curtis Williams of United Grain Corp., Beth Sanchez of Transmarine Navigation, and Ken Mishler of the Port of Vancouver. The Kypros Unity is a Panama bulk carrier built in Japan and launched on Sept. 26, 2014.
Study Shows Oceans Arrived Early to Earth
Earth is known as the Blue Planet because of its oceans, which cover more than 70 percent of the planet's surface and are home to the world's greatest diversity of life. While water is essential for life on the planet, the answers to two key questions have eluded us: where did Earth’s water come from and when? While some hypothesize that water came late to Earth, well after the planet had formed, findings…
Exmar Optimistic About Gas Carrier Market into 2015
Belgian gas shipping group Exmar said on Thursday that the market for its very large and midsize gas carriers was at historically high levels in the third quarter and was expected to remain good in spite of new vessels being delivered in 2015. The group said its LNG business unit generated $8.5 million in operating profit in the third quarter, up from $7.8 million last year, while its LPG fleet saw an earnings spike to $15.6 million from $5.2 million last year mainly due to the sale of a vessel.
Rep. Cummings Receives Maritime Service Award
On Wednesday, October 29, Congressman Elijah E. Cummings (D-MD) delivered keynote remarks at APL Maritime’s Senior Management Conference, and received an award recognizing his service to the maritime industry. “The U.S. flagged oceangoing fleet is vital to our nation’s security, as is ensuring the future of that fleet both through federal policy and support for the next generation of maritime workers,” Cummings said.
