Merged Anglo-Eastern & Univan Set Sail
Anglo-Eastern Group and Univan Group have reached an agreement which culminates as the largest ever merger of independent, third-party ship management companies…
Drought Causes Draft Restrictions in the Panama Canal
Draught conditions have led the Panama Canal Authority (ACP) to set draft restrictions for vessels operating in the canal. ACP described the restriction as temporary and preventive measure due to the El Niño climate phenomenon resulting in periodic warming of the tropical Pacific Ocean. When this occurs, El Niño changes the pattern of rainfall in many regions of the planet, in this case triggering a drought in the Canal Watershed…
BOEM Issues a Notice of Intent to Prepare EIS
As part of its five-year Outer Continental Shelf Oil and Gas Leasing Program: 2012-2017, BOEM informs it intends to prepare a supplemental environmental impact statement…
BCG Donates Simulation Software to Support US Naval Academy
Maritime training solutions provider Buffalo Computer Graphics Inc. (BCG) has donated its Enhanced Graphical User Interface (GUI2) simulation software to the U.S. Naval Academy Foundation in Annapolis, Md. for distribution to the academy’s seamanship and navigation department. BCG’s donation included four software licenses to support past donations from Northrup Grumman Corporation of the Navy’s Electronic…
Sea-Tek, Doen Ink Distribution Agreement
Doen Pacific has announced the signing of an exclusive Distributor Agreement for Europe withbSea-Tek (AS) domiciled in Oslo, Norway. In turn, Sea-Tek will appoint agents in several European countries in the near future, selling and servicing waterjets under its umbrella. Sea-Tek is a key supplier to the marine industry in Europe, who is currently supplying mechanical, electronic, and hydraulic systems for controlling propulsion systems.
Industry Urged to Safeguard Against Cyber Attacks
ESC Global Security said it is set to warn the international shipping community attending this year’s London International Shipping Week (LISW) of the security risks…
Alaska's Biggest Crane Arrives in Kodiak
Matson, Inc., a U.S. carrier in the Pacific, took delivery of a new 65-ton gantry crane to replace one half its size at the company's Kodiak Terminal. Standing more than 340 feet tall at its peak with a boom spanning 164 feet, Matson's new crane is the largest in Alaska, capable of lifting loads up to 60 feet long and weighing up to 145,000 pounds. Its state-of-the-art industrial equipment will be powered entirely by renewable energy.
Allianz, Zurich See Tanjin-Related Claims
The Chinese units of European insurers Allianz and Zurich Insurance Group said on Friday they received claims for unspecified damages from customer companies in…
Asia-Europe Box Rates Plunge Again
Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 23.2 percent to $640 per 20-foot container (TEU) in the week ending on Friday…
Asia Tankers-VLCC Rates Dropping
Low bunker prices buoy owners' spot charter earnings. Freight rates for very large crude carriers (VLCCs), which have fallen to their lowest level in 10 months,…
Japan Joins U.S.-Philippine Naval Drills; Tensions Rise
Japan has joined U.S.-led maritime humanitarian exercises off the Philippines for the first time, as concerns mount among the three allies about China's growing…
Chinese Port Blast Kills 50, Injures 700 More
Two huge explosions tore through an industrial area where toxic chemicals and gas were stored in the northeast Chinese port city of Tianjin, killing at least 50 people…
Two Injured from Fire On Board USS Harry S Truman
An F/A-18C "Hornet" from Strike Fighter Squadron (VFA) 106, the "Gladiators," caught fire on the flight deck of the aircraft carrier USS Harry S. Truman (CVN 75)…
Port of Long Beach Awarded FEMA Security Grants
The Port of Long Beach’s Security Division has been awarded $3.4 million in Federal Emergency Management Agency (FEMA) grants to fund ongoing projects that protect the port.
MIMO Offers Wireless Local Control of Assets
SignalFire Wireless Telemetry has expanded the capabilities of its Multi Input/Output (MIO) Module to connect directly (Modbus) with programmable logic controllers…
Changes on BHP Billiton Board
BHP Billiton Chairman, Jac Nasser, today announced a number of changes to the BHP Billiton Board of Directors. Anita Frew has been appointed to the BHP Billiton…
Allcargo Acquires 2 Vessels for Coastal Operations
Allcargo Logistics has announced the acquisition of two additional vessels aggregating 24000 DWT. for its coastal shipping business. Post this acquisition Allcargo…
APSEZ, NCML Ink Management & Services Deal
Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest port developer and a part of Adani Group, a global integrated player, entered into a strategic…
Otto Marine 2Q Losses Lower
• Marked improvement in performance as losses after tax for 2Q2015 reduced to US$2.5 million from US$13.3 million in 1Q2015. Otto Marine Limited, a leading offshore…
Maersk Cuts Growth Forecast
Though the Danish conglomerate AP Møller-Maersk posted higher-than-expected earnings, it has cut its forecast for global trade growth and abandoned several medium-term profit forecasts…
