Harim Acquires Pan Ocean
South Korean poultry processor Harim Corp. is set to wrap up its purchase of troubled dry bulk carrier Pan Ocean Co. after creditors and shareholders approved a…
Egypt Receives LNG Shipment from Australia
Egypt received a cargo of liquefied natural gas from Australia after the exporter sent two shipments to the region in the past two years, signaling increasing demand, reports The Daily Star.
New Suez Canal Almost 84 Pct Complete
Over 216 million cubic meters of water-saturated sand have been removed so far as part of the Suez Canal Development Project, said Head of the Suez Canal Authority Mohab Mamish.
Jerry Kalogiratos New CEO for Capital Product Partners
Gerasimos (Jerry) Kalogiratos, the Partnership's current Chief Operating Officer and a director of the Partnership, will be appointed as the CEO and CFO effective June 30.
China Probes Executives of CSIC, COSCO
China Shipbuilding Industry Corporation (CSIC) and China Ocean Shipping Company (Cosco) are being probed in China’s national anti-corruption scheme, according to a report in the Reuters.
Norway’s DSD Shipping in Second US Indictment
Norwegian firm Det Stavangerske Dampskibsselskab AS (DSD Shipping), and four of its employees, are now under three-count indictment returned by a federal grand jury in Lafayette…
Tanker Market Full Streams Ahead, Says OPEC
The dirty tanker market enjoyed a general improving sentiment in May for vessels in all reported classes on the back of high tonnage demand and increased activities.
Mitsubishi, Seamax JV Closes Debut Shipping Fund
A joint venture between Mitsubishi Corp subsidiary MC Asset Management and Seamax Partners has held a $300m final close for its debut fund, which will target container shipping.
Protesters Attach to Shell Ship Bound for Alaska
Two activists strapped themselves on Friday to the anchor chain of a Shell Royal Dutch Shell vessel docked in Washington state that will be part of a fleet sent…
EIA to Sharpen US Weekly Oil Numbers with Real-time Export Data
The U.S. Energy Information Administration (EIA) has been granted access to real-time oil export information for the first time, allowing it to improve weekly estimates…
Sunken 48-foot Sports Fisher Vessel Salvaged
The U.S. Coast Guard (USCG) monitored the salvage of the sunken Bigbi Thursday, two miles north of Little Creek, Va. The Bigbi sank at approximately 5:40 a.m., Saturday. The four-man crew of the Bigbi activated their emergency personal indicating radio beacon, donned lifejackets and survival suits, abandoned their boat and boarded a 12-foot Boston whaler, where they were assisted by a good Samaritan.
Hearing to Address USCG Drug Interdiction Efforts
Hearing will examine U.S. Coast Guard’s efforts to stop drug smuggling into the U.S. The Subcommittee on Coast Guard and Maritime Transportation, chaired by U.S. Rep. Duncan Hunter (R-Calif.), will hold a hearing next week on the U.S. Coast Guard’s and the federal government’s efforts to confront transnational drug smuggling and stem the flow of illegal drugs to the United States through maritime routes.
Mainstay Marine Looks Ahead Following Rebrand
South Wales maritime engineering company Mustang Marine has rebranded as Mainstay Marine Solutions. The Pembroke Dock based workboat, marine energy device and waterside infrastructure specialist has adopted a new name and corporate image following its first year under new ownership. The company, which was bought out of administration in May 2014 by a group of nine investors, said it has thrived under its new ownership and is on course to double its workforce compared to 12 months ago…
UK Defense Club Reports Strengthened Financial Position
The UK Defence Club, the provider of FD&D (legal costs) insurance to the maritime industry, announced its financial results for the year ending February 20, 2015.
SENER Celebrates FORAN System’s 50th Anniversary
SENER has commemorated the 50th anniversary of FORAN, its CAD/CAM/CAE system for designing naval vessels and marine structures, created by SENER’s cofounder José Manuel de Sendagorta in the 1960s. Today it is the world leader in marine technology and, since its inception, it has served as the prime example of SENER’s ability to innovate and export. The event was held at Madrid’s Casino on the evening of Thursday…
New SKF Taconite Seal for Bearings
A new SKF Taconite Seal for bearings in split block housings protects against contaminated or wet operating conditions. According to the manufacturer, benefits of this multi-stage labyrinth cartridge seal include exclusion of contaminants, improved prevention of water ingress (even during high-pressure washing), maximized bearing and seal service life, reduced grease consumption, reduced environmental impact and optimized machine performance and uptime.
TransCanada Says Petronas LNG Project Plans to Go Ahead
TransCanada Corp said on Friday a consortium led by Malaysian national oil company Petronas has decided to proceed with plans to build a terminal in northern British…
Washington State Ferries Ramp Up Summer Service
The Washington State Ferries (WSF) summer 2015 sailing schedule will take effect Sunday, June 14, with a new Olympic Class vessel, additional sailings, vehicle reservations to the San Juan Islands and increased service hours on many routes, the state’s transportation department announced. For the Anacortes/San Juan Islands service, WSF added a fifth vessel, the new Olympic Class 144-car ferry Samish…
Maersk, Partners to Invest $1.5b in Ghana Port Terminal
Danish shipping group A.P. Moller-Maersk said on Friday its APM Terminals unit would together with partners invest $1.5 billion to upgrade its Tema port terminal in Ghana and add 3.5 million TEUs in annual throughput capacity. Partners are Bollore Africa Logistics and the Ghana Ports and Harbour Authority. (Reporting by Sabina Zawadzki, editing by Anna Ringstrom)
Shipping Company Sentenced for Dumping Oil
Dauelsberg GmbH & Co. KG, a German company, was sentenced in U.S. federal court June 3 to pay a total of $750,000 in fines and community service payments for violating…
