Carisbrooke Fleet Adds 8 General Cargo Ships
Carisbrooke Shipping has added eight 8,000 dwt general cargo vessels to its commercially-managed fleet. The vessels, TIP Oslo, TIP Copenhagen, TIP Helsinki, TIP Bremen, TIP Stockholm, TIP Leer, TIP Emden and Cremona, vessels were built between 2003 and 2005, with the TIP fleet offering ICE Class 1A flexibility, and mix of both single and tween-deck, geared and gearless vessels. The vessels were developed in partnership with German and Norwegian owners…
IPS Completes Two Ferry Deals for Stena Line
Birkenhead based IPS Marine Fabrications is continuing to ramp up growth in the passenger ferry market after completing work on two Stena Line vessels. The firm, run by maritime engineering specialists Paul Smith and Peter Hillan, has delivered a package of insulation and fabrication work for the Stena Ro-Pax Superfast ferries VII and VIII. All repairs were completed on the move while the vessels continued service between Belfast and Cairnryan in Ireland, ensuring no operational downtime.
Norwegian Cruise Line, Port of Seattle Ink 15-year Lease
The Port of Seattle signed a 15-year lease with Norwegian Cruise Line Holdings (NCLH) parent company of Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. The deal secures NCLH ships in Seattle for the full term of the lease and provides passenger volume guarantees estimated to bring $73 million dollars of revenue to the port. “We thank Norwegian Cruise Line for their commitment to Seattle and the Alaska cruise business,” said Commissioner John Creighton.
ClassNK Releases Annual Report on Port State Control
Classification society ClassNK has released its annual report on Port State Control. The report, which aims to assist ship operators and management companies in maintaining compliant operations by providing information about ships detained by PSC as well as deficiencies that were found on board from many port states in 2014, is available for download here. PSC inspections ensure that vessels departing…
US Grain Shipments via St. Lawrence Seaway Up 63%
American grain shipments through the St. Lawrence Seaway are up 63 percent so far this season as ships transport corn to Canada and soybeans for international export, reports the Chamber of Marine Commerce. According to figures from the St. Lawrence Seaway, U.S. grain totaled 765,000 metric tons for the period from April 2 through July 31. U.S. Great Lakes ports that receive and export grain through the waterway include Duluth-Superior…
More Flexibility for Oceana, Terra Range of Terminals
Beam Communications, leading global manufacturer of satellite communications equipment for Iridium and Inmarsat services has recently announced changes to the Oceana and Terra range of terminals.
Fincantieri Educating UAE Students
The value of the initiative also recognized by the UAE government Trieste, 12 August 2015 - As part of a program of international cooperation with the United Arab Emirates…
MOL Membership of FTSE4Good Index Continues
Mitsui O.S.K. Lines, Ltd. today announced that the company continues to meet the inclusion criteria and remains a valued member of the FTSE4Good Index Series: the…
Port of Soma Welcomes New Coal Carrier
On July 30, a ceremony was held at the port of Soma in Fukushima prefecture to commemorate the arrival of a new coal carrier, Shinchi Maru. This vessel was delivered…
Strike Call Lifted on Panama Canal Expansion Work
The Panama Canal Authority (ACP) expressed its satisfaction after the main contractor for the Third Set of Locks Project, Grupo Unidos por el Canal (GUPC), and the…
Shell Readies to Drill in Arctic, Seeks Modified Permit
Shell has informed the U.S. Bureau of Safety and Environmental Enforcement (BSEE) that it is set to restart its controversial hunt for Arctic oil, three years after…
APMT Purchases Italian Reefer Terminal Vado Ligure
APM Terminals (APMT) has purchased Vado Ligure Reefer Terminal in North-Western Italy, near Genoa, from the GF Group. Reefer Terminal has been the largest refrigerated…
Special Economic Zone Around New Suez Canal
Egyptian President Abdel Fattah el-Sisi issued a decree establishing an economic zone for Egypt’s Suez Canal, reports Reuters. The decree establishes a 460-square…
Forth Ports Invests in Grangemouth Refrigeration Containers
As part of the move to boost for importers and exporters of fresh produce using Scotland’s largest container terminal , the port of Grangemouth is to receive investment from its owners…
Avondale Shipyard for Sale
Local media quote Huntington Ingalls Industries (HII) as announcing this week the Avondale Shipyard, just upriver from New Orleans, is being sold. The historic…
Daewoo Shipyard to Sell Assets
South Korea's No. 2 shipbuilder Daewoo Shipbuilding & Marine Engineering Co., will push for restructuring moves, including asset sales and a reduction in the number of executives…
GAIL Tenders for LNG Cargoes
GAIL (India) Limited has launched two tenders for up to 17 cargoes of liquefied natural gas (LNG) for delivery in western India reports Reuters quoting trade sources.
Singapore Transport Minister Resigns
Singapore’s transport minister Lui Tuck Yew, a familiar face among the country’s shipping industry, will step down from politics. Lui, former chief executive of the Maritime and Port Authority (MPA)…
US Crude Ends at 6-yr Low on China Yuan Devaluing, OPEC Data
U.S. crude settled at a more than six-year low on Tuesday after China's currency devaluation raised questions about oil demand from the No.2 consumer, and a new…
EIA Lowers 2015, 2016 US Crude Oil Production Forecasts
The U.S. government on Tuesday lowered both its 2015 and 2016 U.S. crude oil production forecasts as a 60-percent rout in benchmark prices since last summer weighs on shale output.
