Pemex Extends Fugro Campaign
Mexican national oil company, Pemex, has awarded a further extension to Fugro’s contract to support its exploration drilling activities in the Bay of Campeche. The contract extension is valued at approximately $20 million and the workscope includes geophysical and geotechnical field operations, laboratory testing and geoconsulting activities. The field program commences in December 2015 from the ultra-deepwater geotechnical and well services vessel Fugro Synergy…
UK's Peel Ports to Expand Liverpool to Weather Container Slump
Peel Ports, one of Britain's largest port operators, expects to withstand the container shipping slump with a bold project aimed at attracting cargo to Liverpool away from southern gateways…
Boskalis, KOTUG Joint Venture Formalized
Royal Boskalis Westminster N.V. and KOTUG International B.V. have reached a formal agreement to merge their European harbor towage operations following on a Memorandum of Understanding signed by the parties in late 2014. The combined operations will be transferred to a 50/50 joint venture bringing together the European harbor towage activities of KOTUG and Boskalis subsidiary SMIT, operating under the new name KOTUG SMIT Towage.
Alphatron Secures Van Oord Maintenance Deal
Alphatron Marine has signed a three-year global maintenance agreement with Van Oord to maintain and support all navigation and communication equipment on its entire fleet of more than 80 vessels. Van Oord, a world company specializing in dredging, offshore oil and gas and offshore wind, operates internationally and requires that each and every vessel could be put to work effectively at any time.
Baltic Index Inches Higher on Strong Panamax Rates
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Wednesday, supported by rising demand for panamax vessels.
Drydocks Completes Rig Diyina
Drydocks World, an international service provider to the shipping, offshore, oil, gas and energy sectors has completed the yard’s first Rig Integrity Assurance Program…
Austal Bags Further $ 198 mln USN Contract
Austal USA has been awarded a contract for $51,684,797 to its 10-ship $3.5 billion Littoral Combat Ship (LCS) contract for the U.S. Navy. This contract modification is expected to increase to $198…
USCG Warn of Dangerous Water Temperatures
The Coast Guard is reminding boaters and paddlers heading out on the water this holiday season to keep safety in mind. Weather forecasts are slated to bring unseasonably warm air…
Royal IHC Launches Dredger for Chinese Client
The naming and launch ceremony of the trailing suction hopper dredger (TSHD) JUN YANG 1 took place on Saturday 19 December 2015 at Royal IHC's shipyard in Kinderdijk, The Netherlands.
IMO Amendments Coming into Force on 1 January
A number of important amendments to IMO treaties enter into force on 1 January 2016, including new requirements for verification of compliance, making audits mandatory…
NewLead Renews CoA for MT Katerina
NewLead Holdings Ltd. has today renewed the Contract of Affreightment (the "CoA") for one of its bitumen tanker vessels, the MT Katerina L for an additional twelve month period…
Strategic location drives Gibdock booking surge
A surge in bookings by new and repeat customers into the first two quarters of 2016 suggest the strong performance registered by Gibdock in 2015 will continue next year.
Boskalis, Kotug Establish Harbor Towage JV
Royal Boskalis Westminster N.V. (Boskalis) and KOTUG International B.V. (KOTUG) have reached agreement on the merger of their European harbour towage operations.
US West Coast Not Ready for Mega Boxships
CMA CGM is testing the ability of the U.S. West Coast ports to handle the biggest containerships – are they ready? U.S. West Coast ports are not yet in a position to handle 18…
CMA CGM Buys Additional Shares In NOL from Open Market
French carrier CMA CGM, which has announced its bid to acquire Neptune Orient Lines for S$3.4bn ($2.4bn) in cash, is slowly building a stake in Neptune Orient Lines…
Ship Owners to See Reduced P&I Premiums in 2016
Despite protection and indemnity (P&I) Clubs announcing that they are trying to achieve on average 2% increases in premium, ship owners with good records can look…
APM Terminals Gothenburg Welcomes World’s Largest Container Ship
The MSC Maya, the fourth of 20 Oscar-Class Ultra-Large Container Ships (ULCS), arrived at APM Terminals Gothenburg on December 21 from the Port of Bremerhaven as…
Sinotrans Pacts for Five Yamal LNG Tankers
Chinese shipping major Sinotrans has signed with Greek shipowner Dynagas and China LNG Shipping (CLNG) for the joint purchase of five Arctic-class LNG carriers from…
European List of Certified Ship Recycling Facilities
The European Commission has opened the application procedure for the European List of ship recycling facilities last Friday, 18 December. Facilities located outside…
China, South Korea Talk on Sea Boundary
China and South Korea held a key meeting seeking to resolve boundary issues in the Yellow Sea. The Chinese delegation was led by Vice Foreign Minister Liu Zhenmin…
