Egypt Bullish on New Suez Canal expansion
The Egyptian government is pressing ahead with the first major expansion of the canal in almost 150 years, to allow ships to pass north and south concurrently, reports Telegraph.
Turkish Naval Forces to Stay in Gulf of Aden
Turkish parliament’s approval to extend the mandate of Turkish Naval Forces in NATO's operation in the Gulf of Aden for one more year is strategically important…
India to Make Cruise Tourism Sail
With its vast and beautiful coastline, virgin forests and undisturbed idyllic islands, rich historical and cultural heritage, India may get some fillip in cruise tourism in the months to come.
Malacca Begins Work for International Port
Soon after China identified Malaysia's Malacca as part of its 21st Century Maritime Silk Route economic belt (MSR), an international shipping port is being planned for the state.
Cheng Ho Maritime Sea Route Inaugurated
Indonesia's Coordinating Maritime Affairs Minister Indroyono Soesilo inaugurated on Saturday the Cheng Ho sea route package aimed at attracting mainly Chinese tourists.
LNG Shipping Rates Nosedive
According to Andrew Buckland, a London-based analyst at Wood Mackenzie Ltd rates to transport liquefied natural gas have declined to about $50,000 per day and will probably go lower before recovering.
No Takers for Vizhinjam Seaport Project
Despite the government of India extending a Viability Gap Funding (VGF) of $ 131 mln (Rs 790 crore) to the $682 mln (Rs 4,089-crore )Vizhinjam International Deepwater Multipurpose Seaport project…
Seacat Services launches Second 26m Catamaran
Class-leading offshore energy crew transfer vessel operator Seacat Services today launches Seacat Courageous, the firm’s second 26-metre crew transfer vessel, as…
Algerian Dredger Revitalized
Damen delivered and installed a new main engine for the stationary dredger RezougYoucef. The cutter suction dredger has been built by De Groot Nijkerk in 1988. It…
ISS Appoints VP Operations – Marine Outsourcing
Inchcape Shipping Services (ISS) has made a key addition to its Marine Outsourcing team with the appointment of Tony Carter to VP Operations – Marine Outsourcing.
DNV GL Certifies Liberty One
Classification society DNV GL has certified Liberty One under ISO 9001 and ISO 14001 for its quality and environment management system. Matthias Ritters, DNV GL Regional Manager Germany…
Duke Energy Fined for Environmental Violations
Duke Energy Corp has agreed to pay a fine of about $102 million for environmental violations related to a power plant's coal ash spill into a North Carolina river…
Germany’s Nordic Yards Set to Build Shipyard in Russia
The German shipbuilder Nordic Yards is considering constructing shipyards in Russia, in particular in the Far East. The owner of the shipbuilder, Vitaly Yusufov…
Australia Looks to France, Germany, Japan for $39 bln Submarine Contract
Australia has announced that it would formally invite France, Germany and Japan in the bidding process to build its new fleet of nine submarines in a project worth $39 billion.
Container Ships: 2014 Saw High and Low Scrapping
Container vessels have been a hot segment on the demolition market in recent years. The 1.1 million TEU scrapped the last three years alone covers half of the total sum since 1996.
APC: NIMASA behind Anti-Buhari Adverts
The All Progressives Congress (APC) Presidential Campaign Organization (APCPCO) Friday accused the Nigerian Maritime Administration & Safety Agency (NIMASA) of sponsoring…
BIMCO's New Charter Contract for LNG Shipping
With the amount of LNG traded on the spot market continuing to grow, the Baltic and International Maritime Council (BIMCO) is developing a new contract for the transportation…
Euronav Bullish on Tanker Market
The last three months of the year presented some challenges as owners’ confidence was slow to grow and bunker price gains did not materialize within Q4 as bunker inventory was burned off.
Coast Guards Working to Free Laker Beset in Ice
The U.S. and Canadian Coast Guards are working to break free the motor vessel Arthur M. Anderson, which is beset in ice near Conneaut Harbor, and turn it around in Lake Erie so it can head to Sturgeon Bay, Wisconsin, for its winter layup. The U.S. Coast Guard Cutter Bristol Bay, a 140-foot ice-breaking tug homeported in Detroit, has been just outside of Ashtabula for several days battling 8 to 10 feet of ice in areas and brash ice up to 5 to 6 feet thick.
US Proposes First Rules for Arctic Oil, Gas Drilling
The Obama administration on Friday proposed standards on exploratory drilling for oil and gas in U.S. Arctic waters that would add costs for energy companies but aim to protect against catastrophic spills. The rules, proposed by the Department of Interior, require for the first time that energy companies have access to equipment to contain potential well blowouts, such as rigs that can drill so-called relief wells.
