Africa Should Tap its Maritime Resources: IMO
The huge potential of the oceans and the maritime industry to assist in the development of the African continent has already been noted, International Maritime Organization…
UAE Shipping Delegation to Meet with Greek Counterparts
A delegation of Middle East maritime heavyweights including H.E. Khamis Juma Buamim, chairman & group CEO Drydocks World and Maritime World and Rashid Mohammed Al Habsi…
VesselVanguard Partners with Hatteras Yachts
VesselVanguard announced today a new partnership with Hatteras Yachts to provide a five-year subscription for its award-winning maintenance management solution to…
Fiji Maritime Academy Bullish on Prospects
The Fiji Maritime Academy (FMA) is on the right track to become one of the finest maritime training institutions in the region. It has also achieved an important…
Ghana-Ivory Coast Maritime Dispute Mar Tullow
A dispute over maritime boundaries between Ghana and Ivory Coast is damaging Tullow Oil, which risks postponement of its TEN project in the waters off Ghana's coastline.
Rescue 21 Achieves 'SOLAS' Declaration from DHS
The U.S. Coast Guard is declaring 'Sea Area A1' service in certain areas off the coast of the United States based on the performance of the General Dynamics-built Rescue 21 system.
EC Study on LNG as Shipping Fuel Reveals Industry Backing
As efforts to combat climate change increase worldwide, pollution stemming from maritime shipping presents a particular challenge. The study on the perception of…
Newlead Bags Panamax COA
NewLead Holdings Ltd. announced today that it has entered into a Contract of Affreightment for one of its dry bulk vessels, the Panamax Newlead Markela, for the transportation…
Carnival Cruise Line Shuffles Ships
A few weeks after Carnival Cruise Line announced plans to move the Carnival Liberty and Breeze to Galveston, the cruise line announced the future homes of the Carnival Triumph…
Winter in US Northeast Takes a Toll on Ferries
With its black hull rumbling against a field of broken ice, the Warren Jr. slowly eased away from a dock in the Boston suburb of Hingham on Tuesday, aiming to clear a path for some of the four ferries that carry commuters from here into the city each day. But in a sign of how long Massachusetts has been gripped by freezing temperatures, no other vessels followed, as the tide narrowed the channel behind the oceangoing supply boat pressed into service as an icebreaker.
Shipping Industry Faces Shake Up
As global shipping grapples with its worst downturn in 30 years, private equity firms are unwinding massive bets made on the sector in a move set to accelerate a restructuring of the shipping industry. Private equity invested tens of billions in global shipping after the 2008 financial crisis, but weaker Chinese demand and an oversupply of ships has driven down freight rates and caused firms to idle vessels and in some cases file for bankruptcy.
Gulf of Mexico Oil Production on the Rise
Because of the long timelines associated with Gulf of Mexico (GOM) projects, the recent downturn in oil prices is expected to have minimal direct impact on GOM crude oil production through 2016. EIA projects GOM production to reach 1.52 million barrels per day (bbl/d) in 2015 and 1.61 million bbl/d in 2016, or about 16% and 17% of total U.S. crude oil production in those two years, respectively. The…
USCG Marine Safety Alert
The U.S. Coast Guard issued a marine safety alert today to remind all gas carrier owners and operators to ensure that all personnel follow approved Safety Management…
Vessel Sales: February 2015
Vessel sales for February 2015 - (as of March 1) as prepared by Shipping Intelligence, Inc., New York.
First Ship to Load Soy at Tegram Bound for China
The first ship to load soybeans from the new Tegram terminal in the northeastern port of Ponta Madeira in Sao Luis, Brazil, will berth on March 10, local shipping agents Cargonave said on Tuesday.
Coast Guard Foundation Announces Annual 8th District Salute Honorees
The Coast Guard Foundation announced that it will honor Thomas Allegretti and the American Waterways Operators (AWO), a motor lifeboat crew from Pensacola, Florida, and an aircrew from Air Station Houston, Texas at its Annual Salute to the 8th Coast Guard District on Friday, March 13th in New Orleans. The New Orleans salute raises approximately $500,000 each year to fund education, support and relief programs for the Coast Guard Foundation…
Oil Storage at Sea Stalls as Profit Play Fades
Traders are cutting plans to use tankers to store oil at sea as the price incentive recedes, the global head of oil at mining and commodities group Glencore's said on Tuesday.
Colombia Detains China-Flagged Ship Transporting Explosives to Cuba
Colombian authorities detained a China-flagged ship traveling to Cuba for illegally transporting around 100 tons of gunpowder and other materials used to make explosives and arrested the captain, the attorney general's office said. The vessel was stopped on Saturday in the northern port of Cartagena, on the Caribbean coast, after the materials were detected during inspection. The cargo was listed in the ship's records as grain products.
USCG Marine Safety Alert
The U.S. Coast Guard issued a marine safety alert today to remind vessel owners and operators to establish effective fuel oil changeover procedures during efforts…
Maritech Delivers $14.5M Canadian Subsea Cable Installation
Maritech International has completed a USD $14.5 million a subsea power cable installation in for New Foundland Power Inc., Maritech announced. Maritech, a provider…
