GE Shipping Q1 Net Up 45%
India's largest domestic ship liner Great Eastern Shipping Company today reported a 45 percent jump in its consolidated net profit to Rs 323.67 crore ($50 million) for the quarter ended June 30…
Shipping Corporation Net Profit Jumps Over Three-Fold
State-run Shipping Corporation of India (SCI) Ltd has reported more than three times rise in net profit for the quarter ended 30 June on account of higher earnings…
Massive Explosions at Port of Tianjin Kill 44
A series of huge explosions shook the warehouse at Tianjin Port International Logistics Center in the northern Chinese city of Tianjin late Wednesday, killing at…
Barakah Offshore Gets Contract from Petronas
Barakah Offshore Petroleum’s subsidiary, PBJV Group Sdn Bhd (PBJV), has received a Letter of Award from Malaysian oil company Petronas Carigali Sdn Bhd, for the supply…
Maersk Unveils $1 billion Share Buy-back Program
Denmark's AP Moller-Maersk, which operates the world's largest container shipping line, has revealed another huge share buy-back scheme a year after it launched its current programme.
China Completes Unmanned Ships R&D Project
A research project examining the potential use of unmanned maritime vessels has received unanimous approval from Acceptance Expert Group on July 31, China’s Maritime…
Huge Explosions Rock Chinese Port City
Massive explosions have injured hundreds in an industrial port in Tianjin, China, as shipments of explosives caught fire and triggered blast waves that could be felt for miles, Reuters reported.
Teekay’s Gas Carrier Fleet Worth $6.9 Billion
Global shipping giant Teekay LNG Partners can count itself as owner of the world’s most expensive fleet of whole gas (LPG and LNG) ships, worth a combined $6.9 billion, according to online ship intelligence and information service VesselsValue.com. In its newest installment to the Most Expensive Fleet Series, VesselsValue compares the value of Teekay LNG Partners’ entire fleet with the prices of other costly items.
Section of Ohio River Closed for Construction
A portion of the Ohio River has been closed by the U.S. Coast Guard due to construction on Lock and Dam 52, Wednesday. The Ohio River is closed to all vessel traffic at Lock 52…
ServoCore AMC Earns LR Type Approval
ServoCore, the commercial-off-the-shelf alarm, monitoring and control solution (AMC) Servowatch Systems introduced last year, has received type approval from classification society Lloyd’s Register. U.K.-based Servowatch, a business unit of the Electrical & Automation division of India’s Larsen & Toubro, adapted the technology inherent to its bespoke automation and integration solutions supplied to the naval sector to meet the commercial requirements of the merchant shipping industry.
Chafe-Pro FS Now Available through Samson Rope
Chafe-Pro by Fjord, Inc., a North Carolina specialty manufacturer of removable chafe-abrasion protection, announced the availability of a custom designed product for Samson Rope.
Vard to Build Stern Trawler for Canadian Client
Vard Holdings Limited has secured a contract worth approximately NOK 350 million for the construction of one stern trawler for a new Canadian client. The ice-classed vessel will be 79 meters long, 16.6 meters wide and is of Rolls-Royce NVC 374 design. Developed for shrimp trawling in the harsh environments of the North Atlantic, it also features an on board shrimp processing plant. Delivery is scheduled from Vard Aukra in Norway in the fourth quarter of 2016…
Greece Sends Cruise Ship, Extra Police to Help with Migrant Crisis
Greece bolstered security at a holiday island struggling to cope with an influx of refugees on Wednesday, a day after frustrated migrants scuffled with police, and…
Tactical Response Vessel Delivered to NYPD
Gladding-Hearn shipbuilding, Duclos Corporation has delivered a second 70-foot tactical response vessel to New York City’s Harbor Patrol Unit. The two sister-ships were part of a five-boat order from the New York City Police Department (NYPD). Measuring 68.8 feet on deck, with a 19-foot beam and 3.8-foot draft, the new high-speed, Tactical Response Vessel features C. Raymond Hunt’s deep-V hull and a “squared-off” bow…
Containerized Fan Room Cuts Required Yard Time
In the offshore industry, time is always of the essence. Vessel owners make it a priority to keep the necessary yard visits as short as possible. To contribute to this short time priority, Heinen & Hopman has developed a containerized fan room that can be completely prefabricated and tested before delivery to the vessel. Due to this design, installation time onboard can be shortened tremendously. A modified cargo or offshore certified container is used as the base for this fan room.
Steel Imports Take Toll on Lakes Ore in July
Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 6.6 million tons in July, a decrease of 9 percent compared to a year ago, the Lake Carriers’ Association (LCA) reported.
Third Austal-built LCS Delivered to the US Navy
Shipbuilder Austal reports it has delivered the third littoral combat ship (LCS) built at its Mobile, Ala. shipyard to the U.S. Navy on August 11. This milestone marks the first LCS ship built by Austal as the prime contractor as part of a 10-ship, $3.5 billion block-buy contract. Austal USA President Craig Perciavalle was part of a ceremony held aboard the future USS Jackson (LCS 6) to celebrate the event.
Carisbrooke Fleet Adds 8 General Cargo Ships
Carisbrooke Shipping has added eight 8,000 dwt general cargo vessels to its commercially-managed fleet. The vessels, TIP Oslo, TIP Copenhagen, TIP Helsinki, TIP Bremen, TIP Stockholm, TIP Leer, TIP Emden and Cremona, vessels were built between 2003 and 2005, with the TIP fleet offering ICE Class 1A flexibility, and mix of both single and tween-deck, geared and gearless vessels. The vessels were developed in partnership with German and Norwegian owners…
IPS Completes Two Ferry Deals for Stena Line
Birkenhead based IPS Marine Fabrications is continuing to ramp up growth in the passenger ferry market after completing work on two Stena Line vessels. The firm, run by maritime engineering specialists Paul Smith and Peter Hillan, has delivered a package of insulation and fabrication work for the Stena Ro-Pax Superfast ferries VII and VIII. All repairs were completed on the move while the vessels continued service between Belfast and Cairnryan in Ireland, ensuring no operational downtime.
Norwegian Cruise Line, Port of Seattle Ink 15-year Lease
The Port of Seattle signed a 15-year lease with Norwegian Cruise Line Holdings (NCLH) parent company of Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. The deal secures NCLH ships in Seattle for the full term of the lease and provides passenger volume guarantees estimated to bring $73 million dollars of revenue to the port. “We thank Norwegian Cruise Line for their commitment to Seattle and the Alaska cruise business,” said Commissioner John Creighton.
