DSD Shipping Convicted of Environmental Crimes
A federal jury in Mobile, Alabama, has convicted Det Stavangerske Dampskibsselskab AS (DSD Shipping) and three employees with obstructing justice, violating the…
Paragon Extends Jackup Rig Delivery at Waigaoqiao
Paragon Offshore plc, a global provider of offshore drilling rigs, reported that a wholly-owned subsidiary has signed an agreement with Shanghai Waigaoqiao Shipbuilding Co.…
Vard's Big Loss
Singapore-listed Vard Holding sank deeper into the red as third-quarter losses widened to S$80.2 million. The losses were attributed to the dual challenge of a severe…
Djibouti Maritime Contingency Planning Exercise
A national table top exercise on maritime contingency planning was conducted in Djibouti (9-10 November), as part of a series of events leading up to the official…
Nasdaq's Second Delisting Warning to Globus Maritime
Nasdaq-listed Greek dry bulk shipowner Globus Maritime has received notification from Nasdaq indicating it is in breach of Nasdaq Global Market requirements because…
Verifavia to Monitor Shipping Firms for EU MRV Requirements
Verifavia, the world’s leading emissions verification company for the transport sector, has been tasked by five shipping companies with performing a pre-verification…
Port of New Orleans Riding High
The Port of New Orleans has surpassed the half-million mark for twenty-foot-equivalent units (TEU) handled in a 12-month period for the first time, announced Port President and CEO Gary LaGrange during the 29th Annual State of the Port Address hosted today by the International Freight Forwarders and Customs House Brokers Association of New Orleans. “It’s another milestone that comes on the heels of four record years in a row,” LaGrange said.
DSM Dyneema Unveils Black Dyneema
Dyneema-branded ultra high molecular weight polyethylene fiber is now available in black. DSM Dyneema, the developer and producer of Black Dyneema, says the new…
Calnetix Technologies Notches 3 New Patents
The U.S. Patent Office has awarded three new patents to Calnetix Technologies, a developer of high-speed motor generators, magnetic bearings and control systems and energy recovery technologies.
Deepwater Downturn: Bump in the Road or Long-term Slowdown?
IMA/World Energy Reports has just completed a comprehensive assessment of the five year outlook for the deepwater sector. The new report – the 19th annual floater market forecast prepared by IMA since 1996 – provides our forecast of orders for floating production systems between 2016 and 2020. Here’s an overview of the findings and conclusions in the report. We see the downturn in market conditions and implosion of Petrobras as a bump in the road.
US Expects South China Sea Issue to Come up at APEC
The South China Sea issue is likely to come up on the sidelines of the APEC summit if it is not on the formal agenda, State Department spokesman Mark Toner said on Tuesday.
Small Dry, Big Value
VesselsValue’s new Small Dry module provides values for MPPs (and heavy-lift), single and tweendeckers, small handys and general cargo vessels. On the heels of its November 2015 launch, VesselsValue delves deeper into the sector’s nuances, premiums and discounts. The small dry sector is relatively old and experiences a much lower rate of fleet renewal than perhaps bulkers or tankers. On VesselsValue the average age of a small dry vessel is 18.3 years compared to that of bulkers (8.6 years)…
Ferry Runs Aground in North Carolina
The U.S. Coast Guard has transferred passengers off a grounded ferry in Hatteras Inlet, North Carolina. Coast Guard watchstanders were notified Monday afternoon that the North Carolina Department of Transportation ferry Roanoke ran aground with 16 vehicles, 23 passengers and seven crew members aboard. A 29-foot Response Boat-Small crew launched from Station Hatteras Inlet and is on scene to take passengers off the ferry and relocate them to Hatteras Ferry Terminal in Hatteras.
Maersk Line Revamps Far East/Southeast India Network
Container shipper Maersk Line has introduced two new services for its Far East/Southeast India network: the Chennai Express (CHX) and the Chennai Express 2 (CHX2).
Crowley Approved to Import Canada-sourced LNG
Crowley Maritime Corp. ’s petroleum distribution group has been granted approval by the U.S. Department of Energy (DOE) and the National Energy Board – Canada (NEB) to import Canadian-sourced liquefied natural gas (LNG) for supply, transportation and distribution throughout the Pacific Northwest and Alaska. The renewable, two-year import and export licenses now allow the company to import up to 2.12 billion cubic feet (BCF) of LNG via truck in 10…
US-flag Lakers’ Cargo Down in October
U.S.-flag Great Lakes freighters (lakers) carried 9.7 million tons of cargo in October, a decrease of 13.7 percent compared to a year ago, and a decrease of 0.6…
Yamal LNG Project on Track, Says Russia's Sberbank
Russia's Yamal LNG liquefied natural gas project is on track and will be profitable even with low oil and gas prices, Sberbank Chief Executive German Gref said on Tuesday. "This is the most expensive project, (it) will completely change the gas economy of the country," he told President Vladimir Putin. (Reporting by Denis Dyomkin; writing by Vladimir Soldatkin)
Steel Delivered to Build Russia’s New Icebreakers
OJSC Magnitogorsk Iron and Steel Works (MMK) has been selected as the key steel supplier in the construction of nuclear icebreakers (Project 22220) at the Baltic Shipyard…
ECSA Leads Holistic Approach to Maritime Security
European shipowners have widened the scope of the former European Community Shipowners’ Associations (ECSA) Piracy Working Group, now renamed ECSA Maritime Security Working Group in a move aiming to keep the European shipping industry abreast of maritime developments. According to ECSA, topics under the remit of the new working group range from piracy and armed robbery at sea to cyber security, as well as the humanitarian crisis in the Mediterranean…
Damen ASD Tug Delivered to Clyde Marine
Clyde Marine Services has taken delivery of its first Damen ASD Tug, the shipbuilder announced today. The Damen ASD 2310 has been named CMS Warrior, and she will join a 12-strong fleet of tugs and crew tenders at the Scottish company. Based in Greenock, Scotland, Clyde Marine Services was established in 1913 and has a long history of working with Damen vessels. The first experience of a Damen vessel was when the marine services company bought a Damen Pushy Cat in the mid-eighties.
