Aruba, Citgo sign MOU to Explore Refinery Restart
Aruba's Energy Ministry said on Friday it has signed a memorandum of understanding with PDVSA's U.S. unit Citgo Petroleum to explore reopening and operating the island's refinery, idled since 2012.
Shipping Confidence Levels Rise to 2015 High
Overall confidence levels in the shipping industry rose in the three months ended August 2015 to their highest level this year, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. Respondents to the survey were concerned predominantly about low freight rates and overtonnaging, with continuing doubts also expressed about private equity funding.
Transas e-Navigation Technologies at Neva 2015
Transas Marine has introduced its e-Navigation technologies at Neva exhibition, which took place during September 22-25 in St. Petersburg, Russia. This year, Transas displayed an integrated solution presenting real implementation of e-Navigation concept; fully integrated T-Bridge linked with a port VTMS and fleet management system of a shipping company in real time, as an example of integrating key maritime shipping actors in one unified information environment.
UK P&I Club's West Africa Piracy Guidance
UK P&I Club provides practical guidance to Members in relation to piracy in West Africa. Stuart Edmonston, Head of Loss Prevention, says: “We have seen a sizable shift in pirate activity, from Somali to West Africa, and are witnessing an increase in incidents particularly offshore Nigeria. The ship should be operating at a heightened state of security throughout, including additional watch-keeping…
Baltic Exchange CEO Stepping Down
Jeremy Penn, chief executive of London's centuries old Baltic Exchange will step down next year, the exchange said on Friday. Penn, who took the helm as CEO in 2003…
Asia-Europe Box Rates Drop 31 pct
Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 31 percent to $313 per 20-foot container (TEU) in the week ended on Friday…
Volvo Penta Wins NMMA's CSI Award
The National Marine Manufacturers Association (NMMA) this week presented the 12th consecutive Customer Satisfaction Index (CSI) award to Volvo Penta recognizing…
San Pedro Bay Ports Update on CAAP
Environmental teams from the Port of Los Angeles and Port of Long Beach will hold a joint community workshop on Oct. 14 to gather input on the next update of the Clean Air Action Plan (CAAP).
NHMS Officials Visit MOL’s SOSC
Mitsui O.S.K. Lines, Ltd. welcomed five visitors from The National Hydro-Meteorological Service of Vietnam (NHMS), and hosted a tour of the company’s innovative…
WSS Acquires TIMM AS
Wilhelmsen Ships Service has signed a definitive agreement to acquire TIMM AS. “The Timm acquisition reinforces our position as a global player within marine products…
Panama Canal's Cruise Season from October 3
The Panama Canal cruise ship season 2015-2016 will officially begin on October 3 with the transit of Costa Luminosa, on a voyage from Italy around the world. “Approximately…
INMEX SMM India Finds its Footing
The impressive response to the INMEX SMM India 2015 that was officially opened yesterday by Deepak Shetty, Director General of Shipping, Government of India, seems…
Carnival to Begin Operations in Alabama
Miami-based Carnival Cruise Line's Carnival Fantasy will begin voyages from the Alabama coast, marking the return of cruise ships to Mobile after a four-year absence.
SC Line Begins Service to Cuba from Port Everglades
Shipping company SC Line has started up service between Fort Lauderdale's Port Everglades and Cuba, reports Sun Sentinel. The cargo and cruise vessels no longer…
Greece Eyes Shipping Money
Greece's returning Prime Minister Alexis Tsipras decided to break up the "super-Ministry" of the Economy, Shipping and Tourism. The shipping portfolio was handed…
Shell Plans Second LNG Terminal in India
The Hague-based global energy giant Royal Dutch Shell is planning to establish a floating liquefied natural gas (LNG) facility on the east coast of India at Kakinada in Andhra Pradesh.
China Probes Shipping Lines
Seven of Chinese state departments are investigating four local shipping companies over allegations that they have levied arbitrary and excessive charges for port…
Danish Meet Looks at Arctic Shipping Issues
One of the most significant global issues over the past 10 years is the vast changes in the Arctic region. The world has again turned its attention to the Arctic…
Vietnam Plans to Make Freight Tariffs Public
The Vietnamese government is considering implementing a new decree that would require shipping companies to publicize their freight tariffs (including surcharges and commissions paid to brokers).