UK flag fleet Size Declines
According to UK's Department of Transport (DFT) the UK fleet size fell in 2014 from 16th place to 20th place, in terms of deadweight tonnage, decreasing by 17 per cent.
Seacor Holdings Rejig Top Deck
SEACOR Holdings Inc.informed that Oivind Lorentzen their Chief Executive Officer has stepped down as Chief Executive Officer, but will continue as a director and…
USCG, Alaska State Investigate Spill near Auke Bay
Coast Guard Sector Juneau and the Alaska Department of Environmental Conservation personnel are investigating the spill of approximately of 50-100 gallons of petroleum products at the Auke Bay Harbor…
Unidelta: Twin ASD Tugs From Argentina
Best known for modern, innovative passenger catamarans, Astilleros Unidelta SA of Buenos Aires is currently building an innovative tug. The aziumthing stern-drive…
Incat Crowther Delivers Ferries to Angola
Incat Crowther has delivered Luanda and Cacuaco to Instituto Marítimo e Portuário de Angola. This pair of 36m catamaran passenger ferries, built by Astilleros Armon in Spain…
Vessel Insurance is a must at Panjang
The Harbour Master at Panjang has advised that ship owners must have marine insurance for shipwreck removal and/or protection indemnity. For all vessels of GT35 or more…
Halieutis Fair was a Big Draw
The third edition of the Salon Halieutis in the Moroccan city of Agadir came to a close yesterday. This fair is one of the most important international forums between…
Korean Shipper Files for Bankruptcy
Korea’s dry bulk shipping company Daebo International Shipping has reportedly filed an application for rehabilitation proceedings with a court in South Korea. Daebo…
India to Strengthen Naval Co-operation with Bangladesh
In a move towards strengthening its defence ties with Bangladesh, India will be exploring new avenues for naval cooperation towards achieving comprehensive maritime security in the Bay of Bengal.
Shipping Eyes Brazilian Ore Exports
Following the plunge in dry bulk freight market, shipping companies are banking on increased iron ore exports from Brazil to China and India to shore up freight rates, reports the Hindu Businessline.
CMA CGM Launches West Africa Logistics Hub
French maritime transporter CMA CGM has opened a logistics complex, between the port and city of Douala, Cameroon, and set up a new firm to handle inland transportation in West African markets.
West Coast not to Hamper Hapag-Lloyd's Financials
The disruptions at West Coast ports in the U.S. caused by a labor dispute won’t do much harm to the financial results of the Germany’s biggest container shipping line Hapag-Lloyd AG…
Petronas, HHI Novation Agreement with MISC
Malaysia’s MISC Bhd and parent Petroliam Nasional Bhd (Petronas) have agreed to build new liquefied natural gas (LNG) carriers worth US$1.1 billion and charter them…
Kenya to Focus on Maritime Safety, Security
Kenyan government vowed to strengthen maritime safety and security to help exploit maritime resources. Kenyan President Uhuru Kenyatta called for closer cooperation…
Kenya to Start Port Lamu Construction
Kenyan President Uhuru Kenyatta said that the construction of the proposed Lamu port is set to begin next month, with the promise of more jobs and expanded regional trade.
MSHIPCO Exploring Strategic Options
MSHIPCO has engaged Global Capital Markets Inc. (GCMI), a middle market M&A investment bank with global reach to advise on corporate strategic options including sale, licensing or other transactions. As creator of the M80 Stiletto, which employs MSHIPCO’s proprietary M-hull technology, MSHIPCO’s designs have redefined naval military movement on the water, the company said. By applying creative design to physical science…
S. Korea's Daebo Int. is 3rd Dry-Bulk Shipper to File for Bankruptcy This Month
A third dry cargo shipper has filed for bankruptcy this month following a collapse in freight rates to historic lows in what shippers call the worst market conditions since the 1980s.
US Hoists Partners with Boat Lift
US Hoists Corporation of Calverton, New York has teamed up with Boat Lift SRL of La Morra, Italy to provide the marine industry with marine hoists and shuttle machines. As the North American representative, US Hoists will provide parts and service domestically for Boat Lift customers. Boat Lift’s standard design includes 90-degree steering system with electronically synchronized winches; sliding lifting points and remote control equipped with display and remote assistance service.
Florida Companies Push for Ferry Service to Cuba
Catamaran builder Brian Hall is too young to remember when ferries plied the route between Florida and Cuba in the 1950s, but he has plans to be among the first to revive the once-popular route.
Korean Shipbuilding Investment Creating Risk for Government: OECD
Two of Korea's major shipbuilding financiers are creating fiscal risks for the government due to the shipbuilding industry's struggles, the Organization for Economic…
