SSN 798 Submarine Named USS Massachusetts
Secretary of the Navy Ray Mabus announced that SSN 798, a Virginia-class attack submarine, will bear the name USS Massachusetts during a taped video message at Gillette Stadium.
NYK Conducts Crisis-response Drill on VLCC
On October 15 as part of the company’s Remember Naka-no-Se Campaign,* NYK conducted a crisis-response drill based on the scenario of a serious accident occurring…
TransAtlantic Divests Container, Ship Management Operation
TransAtlantic AB has reached an agreement to divest the Container Operation to X-Press Feeders and, in a separate transaction, to divest Ship Management operations to AtoB@C.
Wärtsilä Propulsion for LNG Bunker Vessel
A new 5,800-cubic-meter LNG bunker and feeder vessel, being built for Sirius Veder Gas AB at Royal Bodewes, Hoogezand, in the Netherlands, will be powered by a Wärtsilä propulsion solution.
ST Engineeing Appoints Director
Singapore Technologies Engineering Ltd (ST Engineering) today announced the appointment of Mr Lim Ah Doo as an independent non-executive Director of the Company…
Lundin Spuds off Malaysia
Lundin Petroleum's wholly owned subsidiary Lundin Malaysia BV has commenced drilling of the Selada-1 exploration well in Block PM308A, offshore Malaysia. The well…
MPA Calls for Integrated Approach to Blue Economy
In his opening address at the Sustainable Ocean Summit 2015 held in Singapore today, Chief Executive of the Maritime and Port Authority of Singapore (MPA) Mr Andrew…
IRClass Acquires Geological and Metallurgical Laboratories
Indian Register of Shipping (IRClass), the leading international classification society, has acquired Geological and Metallurgical Laboratories (GML), a leading…
Over-Capacity Crisis, Next Year Will be Worse
"The container shipping industry is in the midst of an over-capacity crisis which will worsen next year," Neil Dekker, director of container shipping research at…
Maersk Q3 Profit Falls
Danish shipping and offshore energy conglomerate, Maersk Group, kept a reduced forecast made two weeks ago for a 2015 underlying profit of $3.4bn, down from the $4.0bn previously expected.
Nils Andersen, CEO Maersk: “Global Growth Slowing Down”
Nils Smedegaard Andersen, chief executive officer at A.P. Moeller-Maersk qoted by Bloomberg as saying: "We believe that global growth is slowing down. The world's…
NOL in Acquisition Talks with CMA CGM, Maersk
Neptune Orient Lines Ltd (NOL) has officially confirmed that it is a takeover target of two separate companies: French shipping company CMA CGM and Danish conglomerate AP Moeller-Maersk.
Indonesia Tops in Piracy and Armed Robbery
The IMB cautions against complacency in its latest report on piracy and armed robbery which covers the period from 1 January 2015 to 30 September 2015, says The Standard Club.
Changes in Asian Refining Bodes Well for Product Tankers: Poten and Partners
Refining capacity in Asia has been growing rapidly for many years. Not surprisingly, the vast majority of this growth took place in China, which more than doubled…
MISC-Bumi Armada Merger Soon?
Shipping giant MISC Bhd and oil and gas services provider Bumi Armada Bhd are said to be in merger talk involving the consolidation of the floating production storage…
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