USCG Makes Change in Fort Pierce Inlet Safety Zone
The Coast Guard has made a change in the Fort Pierce Inlet safety zone Thursday afternoon. Recreational vessels with less than six-foot draft are now allowed to…
ST Engineering Y-O-Y Profits Slip
Singapore Technologies Engineering Ltd reported today its full year financial results ended 31 December 2014 (FY2014) with a Group revenue of $6.54b compared to $6.63b as reported for FY2013.
Sulphur Enforcement Begins in Denmark
For the first time all 16 SECA countries met for the Danish Maritime Authority’s workshop on sulphur regulation enforcement. A total of 35 legal experts, port State…
Dryships in the Red
DryShips Inc. and through its majority owned subsidiary, Ocean Rig UDW Inc., of offshore deepwater drilling services, today announced its unaudited financial and…
USCG Foundation Announces Scholarships
The Coast Guard Foundation, a non-profit organization committed to the education and welfare of Coast Guard members and their families, announced today that it has kicked off its scholarship season.
MCPON Stevens Delivers Congressional Testimony
Master Chief Petty Officer of the Navy (MCPON)(AW/NAC) Michael Stevens testified before Congress Feb. 25. Stevens appeared before the House and Armed Services Appropriations…
NMM lines up Box Buy
Navios Maritime Partners L.P. (NMM) an international owner and operator of container and drybulk vessels, announced today that it has secured, for no consideration…
River Levels Decreasing in Argentina
River levels in Argentina are currently decreasing and they are expected to continue over the coming week. The bottleneck remains in the River Plate access channel…
Britain Should Appoint Ambassador to the Arctic
The House of Lords Arctic Committee urged that UK should follow the example set by France, Singapore and Japan and appoint an Ambassador for the Arctic. The committee…
Munkebo Maersk, Biggest Ship Ever to Sail on the Thames
The 18,300 TEU Triple E container ship Munkebo Maersk became the largest ship to ever sail up the River Thames as it called at DP World London Gateway. The 399 metre long Munkebo Maersk…
Conrad Shipyard Bags LNG Order
Energy infrastructure and LNG solutions provider WesPac Midstream and its subsidiary Clean Marine Energy (CME) have awarded a contract to Conrad Orange Shipyard…
Fast Patrol Vessel launched by Cochin Shipyard
Cochin Shipyard Ltd (CSL) has launched the 14th of the series of 20 Fast Patrol Vessels (FPV) being built for the Indian Coast Guard. With this, CSL said, it has…
US Keen in Maritime Cooperation with India
The US is keen in exploring great opportunities for co-operation on maritime issues with India, Admiral Jonathan Greenert, Chief of Naval Operations told members…
U.N. Calls for Maritime Support to Libya
According to United Nations, Libyan authorities need an international maritime force to help as they are unable to halt the illicit trade in oil or the flow of weapons in and out of the country…
Offshore Safety Training from Seagull
Saegull Maritime has announced the launch of two new computer-based training (CBT) modules, focusing on deck safety for specific types of offshore vessels that will…
Ghana and US Maritime Forces Collaborate
The Ghana Armed Forces and the United States Maritime Forces have completed a joint maritime operation, the Africa Maritime Law Enforcement Partnership (AMLEP),…
Vard Increased Revenues 15.8% in 2014
Shipbuilder Vard Holdings Limited increased revenues 15.8% in 2014, the company announced in its year-end financial report today. On the back of very high activity at the yards and with subcontractors, VARD’s 4Q 2014 revenue rose 45.5% to NOK 4.5 billion ($587 million) from the corresponding period in 2013. FY2014 revenue increased 15.8% to NOK 12.9 billion ($1.6 billion) year-on-year, but due to higher operational expenses, FY2014 EBITDA dipped 37.5% to NOK 429 million ($55 million).
Maersk Line CEO: 11 New Ships Likely in Q2 2015
Maersk is considering ordering 11 container megaships in the second quarter of 2015, the Wall Street Journal reported today. "We need to grow with the market and increase our capacity by 425,000 containers from 2017 onward for three years," Maersk Line Chief Executive Soren Skou told the Journal. "It's very likely the first order will be 11 Triple E size ships. Maersk has not ordered new ships since 2011, when it ordered 20 Triple-E class vessels, each capable of hauling 18,000 containers.
Port of LA Container Volumes Down 22.7% in January
Port of Los Angeles container volumes decreased by 22.7 percent in January compared to January 2014 volumes, the port announced today. The port's January 2015 cargo volumes totaled 529,427 Twenty-Foot Equivalent Units (TEUs), compared to 685,549 TEUs in January 2104. Labor strife between the International Longshore Warehouse Union and the Pacific Maritime Association, which resulted in port slowdowns and shutdowns, made a decline in container volume inevitable.
Brookings Institution Hosting Panels on LNG Marine Fuel
The Brookings Institution, a Washington D.C.-based think tank, will host a two-panel discussion on the use of LNG as a marine fuel on Tuesday, March 3, the organization announced today. The panels are part of the Institution's Energy Security and Climate Initiative (ESCI). The first panel will examine evolving policy, regulatory, and environmental factors associated with using LNG as a marine fuel. The second panel will address emerging opportunities and barriers to adoption.
