NYK Lynx Rescues Sailor in the Pacific Ocean
NYK Lynx, a containership operated by NYK Line, rescued one person from a sailing yacht in distress 260 nautical miles off the Galapagos Islands. The yacht had beenā¦
LNG Carrier for Osaka Gas Named LNG Mars
Mitsui O.S.K. Lines, Ltd. today announced that the naming ceremony for a newbuilding LNG carrier for Osaka Gas Co., Ltd. was held at the Nagasaki Shipyard of Mitsubishi Heavy Industries, Ltd.
Parana River Obstructed by Grounded Vessel
The navigation channel at km 287 of the Parana River is obstructed after a bulk vessel went aground on the right margin during the early hours of 13 May during her navigation to San Nicolas.
Essar Ports Profit Jumps 15%
Essar Ports Limited today announced its unaudited results for the full year and quarter ended March 2015. · Essar Ports takes over the Vizag Iron Ore outerā¦
16 Receive Howe Yoon Chong PSA Scholarship
16 deserving students were awarded with the Howe Yoon Chong PSA Scholarship. Mr Fock Siew Wah, Group Chairman of PSA International (PSA), presented the award certificatesā¦
United Heavy Lift's Maiden Call to India
United Heavy Lift GmBH& Co. KG, Germany commenced operations on 1st April, this year. Lars Rolner, the former owner and Managing Director of SAL established United Heavy Lift this February in Hamburg.
Iranian Ships Fire Shots at Singapore Tanker In The Persian Gulf
Iranian patrol boats opened fire on a Singapore-flagged oil tanker as it moved through the Strait of Hormuz in a confrontation, reports Reuters. The Alpine Eternityā¦
Greece Okays Piraeus Port Sale
Greece Economy Minister George Stathakis said that his government is dropping its opposition to selling off the Piraeus Port Authority SA. A sale of the Piraeusā¦
UK Welcomes New Shipping Minister
Robert Goodwill, MP for Scarborough and Whitby, has been named as the UKās new shipping minister. As Shipping Minister, he will have responsibility for completing the Maritime Growth Study.
GAIL, IOC Join Dhamra LNG project
Gas Authority of India Limited (Gail) and Indian Oil Corporation (IOC) signed a memorandum of understanding (MoU) to join Adani Group promoted Rs 5,000-crore ($805ā¦
Israeli President Tours New IDF Submarine in Germany
Israeli President Reuven Rivlin visited the shipyard in Kiel and toured the āINS Rahavā the fifth submarine due to be delivered to the Israeli Navy. INS Rahav isā¦
Ultrapetrol Reports Loss
New York-listed ship and barge Ultrapetrol Ltd. (ULTR) has reported a loss of $5.1 million in its first quarter. The Nassau, Bahamas-based company said it had a loss of 4 cents per share.
Steamship Reports Strongest Results
The Steamship Mutual Underwriting Association (Bermuda) achieved a combined ratio of 78.6% for the 2014-2015 policy year, one of the strongest results in its 100-plus years of existence.
No Signs of Improvement in Container Rent Seen: Cosco Pacific
Cosco Pacific said it has seen no signs of a pick-up in the container leasing market, as oversupply continues to haunt the liner industry. Executive director Fengā¦
Hellenic Ship Finances Look Up
The overall Greek loans of Hellenic maritime companies and ship owners (drawn and committed but undrawn) rose to $64.019 billion by the end of 2014, 4.1% higher than the $61.498 billion of 2013.
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