India to Sign Port Deal with Iran
India will push ahead this week with plans to build a port in southeast Iran, two sources said, with Prime Minister Narendra Modi keen to develop trade ties with…
China: Philippines Violating South China Sea Code
China has accused the Philippines of violating a 13-year-old informal code of conduct in the South China Sea with its building work on disputed islets, firing back…
Strengthening Danish-Brazilian Cooperation
Brazil continues to be an important area for Danish shipping interests and, with the signing of a new agreement on cooperation with the Brazilian authority ANTAQ…
Quad Cities Kicks Off Navy Week
Quad Cities Navy Week kicked off May 4 with a science, technology, engineering and mathematics (STEM) presentation by USS Constitution and Explosive Ordnance Disposal…
ExxonMobil's License for EON Reality
ExxonMobil Research Qatar (EMRQ) today announced that ExxonMobil has awarded a global commercial license for Immersive 3D Operator Training Simulator technology to co-developer EON Reality Inc.
OTC’s Highest Award for Petrobras
Petrobras’ Exploration and Production Director, Solange Guedes, received the OTC Distinguished Achievement Award for Companies, Organizations and Institutions, the…
NATO Begins 'Dynamic Mongoose' Sub-Hunt Exercise
Naval forces from 10 NATO nations and Sweden have launched one of its biggest-ever anti-submarine exercises in the North Sea in Norway to practice detecting and…
Stop Provocation on South China Sea, China Tells Philippines
China has urged the Philippines to stop "malicious hyping and provocation" on territorial disputes in the South China Sea, says a report in Xinhua. Earlier, Philippine…
Hamburg Süd Eyes Ocean Three Membership
UK- based shipping consultants Drewry said that it was only a matter of time before these carriers make the formal announcement that Hamburg Süd is to become a fully-fledged member of Ocean Three…
XPO Acquires Port Trucker Bridge Terminal
XPO Logistics has made a deal to acquire Bridge Terminal Transport (BTT) Services, one of the largest motor carriers serving ports and intermodal facilities in the United States, for $100 million.
Baltic Trading Reports Loss
Baltic Trading Limited, a Marshall Islands company formed by Genco Shipping & Trading Limited, reported a loss of $42.4 million in its first quarter. The New York…
Cosco Corp Profit Down
Cosco Corporation (Singapore) Limited, offshore marine engineering, shipbuilding, ship repair & conversion and dry bulk shipping group, has posted a net profit of SGD4.25 million (USD3.19 million)…
VLCC Tanker a Booming Market
The booming VLCC tanker market has started to be reflected on the companies’ earnings and is “firing on all cylinders” and it is set to continue Poten & Partners say in their weekly report.
Capsized Trawler Adrift Disappearing Act in South Africa
South Africa’s charity National Sea Rescue Institute (NSRI) was warning fishermen and other boaters in and around the Cape Peninsula and False Bay Coast to be aware…
Ingalls-built National Security Cutter Completes Acceptance Trials
Huntington Ingalls Industries (HII) announced today that the company's fifth U.S. Coast Guard National Security Cutter (NSC), James (WMSL 754), has completed her acceptance trials. The Ingalls-built NSC spent two full days in the Gulf of Mexico proving the ship's systems. "Once again our shipbuilding team proved their mettle as the ship performed well," said Jim French, Ingalls' NSC program manager.
Louisiana International Marine Signs on with Helm CONNECT
Software developer Helm Operations has signed on offshore rig moving and ocean towing services company Louisiana International Marine (LIM) to its Helm CONNECT Preventive Maintenance software.
Shell's Arctic Return Faces Hurdle at Seattle Port
Royal Dutch Shell's quest to return to Arctic drilling for the first time in three years could face delays after Seattle ruled that the city's port must apply for…
Matson Q1 Results Show Improved Performance
Matson, Inc. today reported net income of $25 million, or $0.57 per diluted share for the quarter ended March 31, 2015. Net income for the quarter ended March 31, 2014 was $3.4 million, or $0.08 per diluted share. Consolidated revenue for the first quarter 2015 was $398.2 million compared with $392.5 million reported for the first quarter 2014. Matt Cox, Matson's president and chief executive officer, commented, "As expected, Matson carried strong momentum into the first quarter of 2015.
Willard Adds Sales Manager for Gulf Coast, Florida
Willard Marine, Inc. has hired Jimmy Sorenson as regional sales manager for the Gulf Coast and Florida. Sorenson served 11 years with the U.S. Coast Guard in many roles including machinery technician and maritime law enforcement instructor, and earned the boat coxswain certification. For the past 14 years, Sorenson managed business for an aluminum boat manufacturer, including proposal and quote development for a team of sales representatives. “Jimmy’s extensive experience with the U.S.
Thoma-Sea Launches US-flagged OSV
Technology Associates, Inc. (TAI) of New Orleans, La., announced that another derivative of a vessel built from TAI’s EnviroMax designs was launched. Thoma-Sea Marine Constructors, LLC has launched a 6,300 DWT Technology EnviroMax 310 OSV from its Lockport, La. shipyard on April 28. The owner of this vessel is a major oil and gas support vessel company. The EnviroMax 310 vessel is U.S. flagged and will serve worldwide markets.
