Greek Coast Guard Seizes Weapons Ship Bound for Libya
Greek authorities have seized a freighter carrying an undeclared shipment of weapons en route from Turkey to Libya, coast guard officials said on Wednesday. A coast…
Egypt Picks Jordan LNG Cargo Winners
Egypt has picked Shell, Vitol and Trafigura in a tender to supply four cargoes of liquefied natural gas (LNG) via Jordan's Aqaba import terminal, trade sources said.
Cameroon Awards Kribi Deepwater Contract
Cameroon has awarded a contract for its Kribi port to a consortium led by French logistics group Necotrans, the two parties said. The deepwater port will allow for…
China Shipping Line to Buy 10 Vessels
China Shipping Container Lines Co is planning to buy around 10 ultralarge container ships for around $1.5 billion, despite the shipping industry struggles with a capacity glut, reports WSJ.
Cosco CSCL Merger Talks Continue
The closed-door talks on what is believed to be merger discussions between Cosco and China Shipping continue, reports local media. According to JoC, the Chinese executives of the carriers have been tight lipped on the discussions, but it is widely believed that the lines are thrashing out ways to merge the container and bulk shipping divisions. Reports say that the Beijing government would like preliminary merger plan within three months, beginning from August.
CMA CGM's Profits Jump 67% in Q2
French shipping giant CMA CGM, reported a 66.7% jump in net profit to $156m in the second quarter of 2015. The result compared to a $94m net profit in the same period a year earlier.
Subsea 7 Bags $150 million Offshore UK Contract Maersk
Offshore contractor Subsea 7 has been awarded a $150 million subsea, umbilical, riser and flowline (SURF) contract by Maersk Oil for the development of the Culzean field in the UK North Sea.
SMOE Wins $1bln Multi-platform Culzean Contract
Singapore's offshore services provider Sembcorp Marine has won an engineering, procurement and construction (EPC) contract worth over USD1 billion for the Culzean field development project in the North Sea. Sembcorp Marine subsidiary SMOE construction contract will cover the topsides for the central processing facility, wellhead platform and utilities and living quarter platform, and two connecting bridges. The facility will installed in the UK sector of the Central North Sea.
CMES Establishes Subsidiary for Valemax
China Merchants Energy Shipping Co., Ltd (CMES), the dry and wet bulk arm of state conglomerate China Merchants Holdings (International) Company Limited, has set…
Singapore Navy Foils Pirate Attack
The Republic of Singapore Navy ( RSN) disrupted a sea robbery on a tugboat in the eastern approaches of the Singapore Strait, says Ministry of Defence (MINDEF).
India's Oil Exploration near South China Sea Irks China
The state-run China Daily says that India's plans to conduct oil exploration off Vietnam coast in the South China Sea is "illegal and is an "unwise move" that may "sabotage" positive momentum in ties.
USCG Rescues Unconscious Boater
The Coast Guard rescued an individual from a marsh flat in Barataria Waterway located approximately six miles north of Grand Isle, Tuesday. Coast Guard Sector New…
SHIPPINGInsight to Focus on Ship Telematics
The subject of ship telematics will be prominently featured at the upcoming SHIPPINGInsight 2015 Fleet Optimization Conference & Exhibition, which takes place in Stamford, Conn., Oct. 13-14.
Euronav Acquires $ 750 mi Facility
The Executive Committee of Euronav NV today announced that it has signed a new USD 750 million senior secured amortizing revolving credit facility led by DNB Bank…
Worldwide Launch of Joint CIC
The Maritime Authorities of the Tokyo and the Paris Memoranda of Understanding (MoU) on Port State Control has launched a joint Concentrated Inspection Campaign…
Sea Breeze 2015 Kicks off in Odesa
Maritime forces from 11 nations kicked off the U.S.-Ukraine co-hosted multinational exercise Sea Breeze 2015 in Odesa, Ukraine and the Black Sea, Sept. Sea Breeze…
Russian JV Close Acquisition of Prime Shipping
The Russian Joint Venture between Rosneft, Sberbank Investments and Pietro Barbaro S.p.A. closed the acquisition of the Pietro Barbaro Group shipping assets in the…
NewLead's MT Nepheli Update
NewLead Holdings Ltd.announced today a review of the commercial performance of one of its bitumen tanker vessels, the MT Nepheli since the vessel was delivered to NewLead's fleet.
Drilling Down into Risk Management
Afloat or ashore, we cannot eliminate risk, but it can be sensibly managed to a tolerable level. It begins with a hypothetical, but worryingly authentic, tale of…
Latest ShipConstructor Update Targets Offshore
With the release of ShipConstructor 2016 R1.1, SSI said it provides additional enhancement for the offshore rig construction market, particularly with regards to weld management.
