Moody’s: US ports industry outlook remains stable for 2016
“We expect US container volume to grow 3% to 4% in 2016,” says Moody’s Analyst Moses Kopmar. Moody’s Macroeconomic Board expects the US economy will grow 2% to 3% in in 2015 and 2016…
Bureau Veritas Issues ISPO Certificate to Port of Cork
Classification society Bureau Veritas has issued its first certificate under the ISPO (International Standard for Maritime Pilot Organizations) standard of best practice for pilots and pilot organizations to the Pilotage Authority, Port of Cork, Ireland. The ISPO certification covers the Pilotage services and Vessel Traffic Management System. The ISPO is an accessible industry specific standard, managed by a group of users…
Shippers Supports Further CO2 Reduction -ICS
The International Chamber of Shipping (ICS), which has represented global ship operators throughout the UN Climate Change Conference in Paris, has commented on the latest draft UNFCCC text which – although still not finalized – currently contains no explicit reference to international shipping (or aviation). ICS said it would be helpful for the new agreement to reiterate the vital role of the UN International…
Paddy Rodgers Named CMA 2016 Commodore
Award to be presented March 23, 2016 at the conclusion of the CMA’s Shipping 2016 Annual Conference and Exposition. Mr. Paddy Rodgers, CEO of Euronav NV has been…
Fitch: Global Shipping Outlook Cut on Weak Demand
Fitch Ratings has revised the global shipping sector outlook for 2016 to negative from stable in 2015. The fitch Report, in part, says, "We expect muted global trade…
PG and Calder Extend Relationship with Hammelmann
PG Flow Solutions and the recently acquired U.K. subsidiary Calder Ltd. are suppliers of reciprocating pumps to the professional market, mainly focused on the oil and gas sector offshore…
Baltic Index Continues to Fall Across all Segments
The Baltic Exchange's main sea freight index tracking rates for ships carrying dry bulk commodities fell on Thursday reflecting low vessel demand across all sizes.
China Ramping Up Ship Emission Controls
China will introduce tough controls on ship emissions at three key port areas from January to reduce sulphur dioxide which results in acid rain, causing respiratory…
Shipping Omitted from Latest Draft of COP21 Climate Talks Text
Shipping-maritime industry is smoked out of the recently published draft of the NFCCC COP21 climate agreement, currently being negotiated in Paris. The most recent draft of the agreement…
Russia Launches Syria Submarine Strikes
Russian media reports that a Russian diesel-electric submarine operating submerged in the Mediterranean Sea on Tuesday launched Kalibr cruise missiles at Islamic…
Ophir Energy signs up LNG buyers for Fortuna
Ophir Energy has signed a preliminary agreement to sell gas from its Fortuna floating liquefied natural gas (FLNG ) project in west Africa. All the six counterparties…
Intermodal IT Company Advent Names New CEO
Murray Hill-based intermodal information technology company Advent Intermodal Solutions on Tuesday announced it has named a new CEO as it plans a redesign of its…
Cattle Ship Stranded in Port Phillip Bay
A large live cattle ship on its way to China has been stranded in Port Phillip for days after breaking down on the weekend, reports AAP. The Singapore-flagged Girolando…
India Announces $615 mln Package for Ship Builders
The Indian Union Cabinet chaired by the Prime Minister Narendra Modi has cleared a Rs.4,000-crore ($615 mln) package to spur India’s ship building industry, combined with a slew of incentives.
BAE's GBP90mln Contract for Barrow Central Yard Complex
BAE Systems has awarded a £90m contract to Morgan Sindall plc for the development of one of the UK’s largest industrial facilities at the Company’s submarine building site in Barrow-in-Furness…
Arctic Shelf Oil Could Meet 3.5% of Russia's Production
According to the optimistic forecast, oil production on the Russian Arctic shelf by 2030 will reach only 18 mln tonnes per year, Vasily Bogoyavlensky, Research Director…
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