Transiting Vessels Urged to Exercise Caution
Following news that a cargo ship was yesterday (28 April) intercepted by an Iranian Revolutionary Guard naval patrol in the Strait of Hormuz, GAC is recommending…
Gateway Distriparks Reports Higher Profits
Gateway Distriparks Limited (GDL) today announced record profits for the year ended 31 March 2015. During the year, GDL Group (CFS + Rail + Cold Chain) Net Profit…
Contest: Join a Plastic Pollution Research Voyage to the Atlantic Ocean
The 5 Gyres Institute, a leader in global plastic pollution research, has launched an online contest for those who want to learn first-hand about the problem and help drive solutions.
Eni Starts Production from Cinguvu Field, offshore Angola
Eni started production two weeks ahead of schedule at the Cinguvu oil field, from the West Hub Development Project in Block 15/06 in the Angolan Deep Offshore, approximately…
CMES Q1 Profit Surges on Strong VLCC Earnings
China Merchants Energy Shipping has posted 22.6% on-year growth in net profit to Yuan225m ($36.3m) during the first quarter ended 31 March 2015 due to buoyant tanker markets.
Japan Considering Patrols with US in South China Sea
Japan may join the United States in air patrols in the South China Sea in response to China’s growing intent to make good on land claims, according a report in Reuters.
Scorpio Tankers to Launch 15mln Public Share Offering
Scorpio Tankers has announced a public offering of 15 million common shares, with an underwriter’s option to purchase up to an additional 2.25 million units. New…
Russia Launches Quietest Submarine in the World
Russia has launched the fourth of its Varshavyanka-class diesel-electric submarines. Admiralty Shipyards - a Russian defense company - held a ceremonial launching…
Arctic Whitening Might Help Ice But Not Climate
The attempt to artificially whiten the surface of the Arctic Ocean and offset climate change will not be able to reduce global temperatures substantially. It could…
Costamare, York Capital to Extend Shipping Pact
Greek ship-owner Costamare and US-based hedge fund York Capital Management are considering extending the life of their investment joint venture that has already…
Japan, US Bolster Submarine Alliance
Commanders from the U.S. and Japanese Navies visited Naval Base Guam, touring the base and examining areas of cooperation, the U.S. Navy reported. The United States’ Rear Adm. William R.
US Awards $2.6m in Maritime Heritage Grants
On Thursday, April 30, 2015, U.S. National Park Service Director Jonathan B. Jarvis and U.S. Maritime Administrator Paul N. Jaenichen will host a media conference…
Baltic Index Down on Weak Vessel Rates
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Wednesday on lower vessel rates. The overall index…
Greece Mulls Ports Sale to Reach Deal with EU/IMF Lenders
Greece's government is considering selling stakes in its two largest ports as a concession to reach an agreement with its lenders and unlock bailout funds, a government official said on Wednesday.
Sea Star Line, Boys & Girls Clubs Partner to Name Marlin Class Ships
In June 2014, Sea Star Line partnered with the 11 clubs of the Boys & Girls Clubs of Puerto Rico in a contest to name the new liquefied natural gas (LNG) vessels which will be dedicated to the Puerto Rico trade by TOTE, Sea Star Line’s parent company. The Marlin Class vessels have attracted international attention as the first cargo ships in the world to run on natural gas. In addition to their improved environmental profile…
New Trawler for Argentine Family
With 4,989 kilometers of Atlantic coastline, Argentina looks to commercial fishing as an important contributor to the Argentinian economy. The promotion of the maritime resources is dependent on quality boats capable of delivering quality product. This spring just such a vessel joined the Argentine trawler fleet. The 20.8 by 6.6-meter FV Don Franco was designed and built by the Contessi Shipyard at Mar del Plata, Argentina’s largest fishing port 400 kilometers south of Buenos Aires.
Panama Council Approves New Canal Tolls
The Cabinet Council of the Republic of Panama has officially approved a proposal to modify the Canal tolls structure, following a recommendation from the Panama Canal Authority (ACP) Board of Directors. The accepted proposal—which modifies the pricing structure for most Canal segments—will better facilitate the Canal’s goal of providing outstanding service and reliability to the global shipping and maritime community while allowing the ACP to safeguard the competitiveness of the waterway.
White House Concerned about Impact of Iran Vessel Seizure
The White House said on Wednesday it was concerned about the impact on navigation caused by Iranian authorities' seizure of the Maersk Tigris container ship in the…
Argentine Port Strike May Cut Soy Flow, Raise World Food Prices
Argentina's main grains port of Rosario was paralyzed at midday on Wednesday by an open-ended wage strike by boat captains needed to help dock incoming cargo ships…
Iran Says Respects Navigation Freedom, Day After Ship is Seized
Iran's foreign minister told an audience in New York City on Wednesday that Tehran respects freedom of navigation in the Gulf, a day after Iranian patrol boats seized…
