West Africa's August Crude Exports to Asia to Slip
West African crude oil exports to Asia were expected to fall to 1.84 million barrels per day (bpd) in August, Reuters data and a survey of traders showed. Slower…
DHS, Postal Service to Dedicate USCG Forever Stamp
U.S. Department of Homeland Security (DHS) and Postal Service leaders are scheduled to dedicate the United States Coast Guard Forever stamp during a ceremony Tuesday at Coast Guard Headquarters. The stamp is being issued as a Forever stamp and honors the Coast Guard for its role in protecting the security of the nation and advancing its vital maritime interests. Aug. 4, 2015, marks 225 years of the U.S. Coast Guard’s lifesaving legacy.
DryShips Reaches Agreement with Ocean Rig
DryShips Inc. It has reached an agreement with Ocean Rig UDW Inc. ("Ocean Rig") to exchange the remaining outstanding balance of $80 million owed to Ocean Rig under the $120 million Exchangeable Promissory Note, for 17,777,778 shares of Ocean Rig owned by the Company. The agreement was approved by a committee of independent directors. Ocean Rig's Board of Directors has decided to suspend its quarterly dividend until the offshore drilling market conditions improve.
Cruise Industry Wins Key Norovirus Judgment
In what is being seen as a landmark decision, Hill Dickinson is the first law firm to have successfully defended a UK class action case involving a Norovirus outbreak onboard a cruise liner. The case, which involved an outbreak of gastroenteritis onboard the “THOMSON SPIRIT”, chartered by TUI UK limited and operated by Louis Cruise, was a 43-claimant class action, 28 of whom had alleged bacterial illness with the balance claiming breach of contract.
South China Sea Hotline in the Works
China and Southeast Asian nations have agreed to set up a foreign ministers' hotline to tackle emergencies in the disputed South China Sea, a senior official of…
MHI: Notice of Absorption-Type Split Agreements
MHI gives Notice Regarding Conclusion of Absorption-type Split Agreements Relating to Transfer of Ship Construction and Hull Block Manufacture Businesses to Two Consolidated Group Companies by Company Split. On February 4, Mitsubishi Heavy Industries, Ltd. (MHI) announced intent to spin off its ship construction business to a group company, MHI Ship & Ocean Engineering Co., Ltd. and to establish a company dedicated to the manufacture of hull blocks…
Calais Port Blocked Again by Protesters
Protesting ferry-workers blocked road access to the northern French port of Calais with burning tyres on Friday, police said. The workers have in recent weeks intermittently…
Royal Caribbean's Profit Rises 34 Percent
Royal Caribbean Cruises Ltd, the world's second-largest cruise operator by revenue, reported a 34 percent rise in quarterly profit as passengers spent more onboard…
Hapag-Lloyd Adds Halmstad to Rotation
As one of the top global carriers Hapag-Lloyd offers a comprehensive service network and will add port of Halmstad, Sweden to the Nordic Short Sea Network. As of…
BBC Chartering Opens Vietnam Office
BBC Chartering announces the opening of a new representative office in Ho Chi Minh City, Vietnam, starting August 1st breakbulk, and general cargo transportation…
Fratelli Neri Orders Damen Tug
One of the largest Italian tug owners, Fratelli Neri S.p.A, ordered its first Damen tug, an ASD 3212, on 21 July 2015. The vessel will be the first ASD tug in the…
Three Rescued on Lake Tahoe
The Coast Guard and multiple agencies rescued three people Wednesday evening after they were reported missing on Lake Tahoe. At 9:45 p.m., Coast Guard Sector San…
NOIA Applauds Senate Passage of OPENS Act
NOIA President Randall Luthi issued the following statement on the Senate Energy and Natural Resources Committee’s passage of the OPENS Act, which will open new…
Fond Farewell to HMAS Tobruk
The Governor-General, His Excellency General the Honourable Sir Peter Cosgrove, AK, MC (Retd), together with the Assistant Minister for Defence Stuart Robert, MP…
Shell Moves Ahead in Arctic with Exploratory Well
Shell Oil's icebreaker MSV Fennica weaved through nine remaining protesters hanging from the St. Johns Bridge and made its way toward the Pacific Ocean. Authorities…
Thai Navy Lobbies for More Submarines
The Royal Thai Navy claims it urgently needs more submarines to compete with other Asian countries. The assistant commander made the claim aimed at persuading a…
China Shipping Orders Eight 13500 TEU Box Ships
China Shipping Container Lines has placed orders for eight 13,500 twenty-foot-equivalent container ships at Shanghai Jiangnan Changxing Shipbuilding, continuing…
SSE Rolls Out Two Shipping Indices
Shanghai Shipping Exchange launched on Wednesday the "Belt and Road" shipping indices, tracking trade data and shipping freight rates under the initiatives of the…
Shanghai 6th Best Shipping Center Globally
Shanghai has moved up the rankings of the world’s top shipping centers to sixth place, surpassing Dubai thanks to Free Trade Zone regulations and the Belt and Road Initiative…
Pacific Basin Returns to The Black
Pacific Basin Shipping cut its half-year underlying losses by 32 per cent to US$14.6 million from a year ago, thanks to stringent cost-cutting efforts that helped…
