Diana Shipping Time Charter Contract for Seattle with SwissMarine
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, has announced that, through a separate wholly-owned subsidiary…
China Cosco President Resigns
China COSCO Holdings Company president Jiang Lijun has resigned from his position. Jiang Lijun will cease to be a member of the strategy and development committee…
Maersk Saigon Runs Aground in Brazil
The container ship Maersk Saigon left the fairway and grounded near near buoy 2A at Santos port channel during departure from the terminal. Maersk Saigon was grounded…
Evergas Orders Four Ethylene Vessels
Copenhagen-headquartered gas tanker carrier Evergas has just ordered four ethylene/ethane newbuildings, with an option for two more. The contract for the four newbuildings…
Star Bulk Sells Bulker Quartet
Star Bulk Carriers, a global shipping company providing transportation solutions in the dry bulk sector, has reached agreements to sell four modern vessels, two capesize and two kamsarmax vessels.
CCCC May Build Terminal in Sydney Harbour
China Communications Construction Co. Ltd (CCCC). has agreed to build a highly automated container terminal in Sydney Harbour, depending on the results of a feasibility…
Democrats Steadfast in Demands for Axing US Oil Export Ban
U.S. Senate Democrats on Tuesday laid out a list of demands they seek before making any deal to end the 40-year-old ban on crude oil exports in the wide-ranging government funding bill.
Nicholls' Maritime Management Program Continues to Grow
The College of Business Administration at Nicholls State University began offering students the option of maritime management as a degree concentration in the fall of 2013.
ZF Acquires Bosch Rexroth Industrial Gears Arm
Following the go-ahead from antitrust authorities, on December 1, 2015 ZF has officially taken over the industrial gears and wind turbine gearbox business from Bosch Rexroth AG. With this, some 1,200 employees altogether at the Witten, Beijing and Lake Zurich (USA) locations will thus join the technology company. The purchase price has not been disclosed. For ZF, the acquisition is an entry into the business with large industrial gears that are used in oil rigs…
Royal Moroccan Navy Turns to Damen for First Tug
The Royal Moroccan Navy has taken delivery of a Damen Stan Tug 2208. The 22-meter long vessel, named Al Mounkid, is the first tug to join Morocco’s sizeable naval fleet. The Royal Moroccan Navy has a fleet consisting of frigates, offshore patrol vessels, training vessels and hydrographic, amphibious and auxiliary vessels. Its fleet, however, did not include a tug of any sort. In the past, Morocco’s Navy has turned to third party tug operators for towing, moving and mooring services.
Holiday Merchandise Supply and Demand: ‘Final Balancing Act’
Import cargo volume at the United States' major retail container ports is expected to be essentially unchanged from last year this month as stores bring in the last round of merchandise for the holiday season, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “The holiday season is well under way and merchants are doing the final balancing act of matching supply to demand…
Petrobras Offers to Sell up to 10% of Libra Field
Brazil's state-run oil company Petrobras is offering up to a quarter of its 40 percent stake in the huge Libra offshore oil prospect as its seeks to reduce the largest debt in the global oil industry…
Video: Navy's New Destroyer Underway
The future USS Zumwalt (DDG 1000) has departed departed Bath Iron Works to set sail for the first time, conducting at-sea tests and trials in the Atlantic Ocean, Dec. A video of the ship underway is available here. The Navy said the newly built multimission ship will provide independent forward presence and deterrence, support special operations forces, and operate as an integral part of joint and combined expeditionary forces. DDG 1000 is the leading guided missile destroyer of the U.S.
Precision Work between Volcanoes and Strong Currents
SAL Heavy Lift announced the completion of one of its most challenging projects: the crew of MV Svenja has installed an offshore development platform over a subsea gas well conductor in Alaska's Cook Inlet. It is the largest exploitation area in Alaska’s Cook Inlet – surrounded by active volcanoes and extremely strong tidal currents. “Kitchen Lights Unit # 3” is exposed to a tidal range of 25 feet which provokes currents in excess of 5 knots.
White House Opposes Moves to End Crude Oil Exports Ban
The White House said on Tuesday that it continues to oppose legislation that would lift a longstanding ban on U.S. crude oil exports, and urged Republicans to focus…
Bernard Jenkin MP Opens New CWind HQ
The new Colchester head office of offshore wind services provider CWind Ltd was officially opened by Harwich and North Essex MP Bernard Jenkin on Friday last week.
GOST Launches Nav-Tracker 3.0 SM
GOST (Global Ocean Security Technologies) has announced the latest addition to its line of Nav-Tracker vessel monitoring and surveillance systems – the GOST Nav-Tracker 3.0 SM. The GOST Nav-Tracker 3.0 SM builds upon the line of vessel monitoring devices, by incorporating a new hardwired interface unit (HWIU). Offering modular versatility, this interface allows the Nav-Tracker 3.0 SM to integrate with…
Polish Sailors Kidnapped off Nigerian Coast Freed
The Polish crew of a cargo vessel kidnapped last month off the Nigerian coast are safe and on their way home, Poland's Prime Minister Beata Szydlo said on Tuesday. "Everything ended happily.
Crowley Adds 400 Reefer Containers
Crowley Maritime Corporation’s liner services group has added 400 new refrigerated (reefer) cargo containers to top off its fleet of equipment for service to its…
Great Lakes Iron Ore Trade Dips in November
Shipments of iron ore on the Great Lakes totaled 4.9 million tons in November, a decrease of 17 percent compared to a year ago, according to latest figures from the Lakes Carriers’ Association (LCA).
