Sembcorp Marine: Sete Brasil Owes Drillship Payment
Sembcorp Marine Ltd is owed S$70-80 million ($51-$59 million) from Sete Brasil related to drillship orders, its chief executive said on Thursday. Sembcorp Marine…
White House Intervention Sought in West Coast Port Dispute
“The continued intransigence by labor and management to reach a new contract is unacceptable. Retailers and the rest of the supply chain are frustrated beyond belief. “The slowdowns need to end.
Cleanup Continues at Shell Wharf
The cleanup and response operations continue for oil released at the Shell Wharf in Martinez, Wednesday. Assessments conducted throughout Wednesday continue to show…
Maersk Mulls Port of Tema Expansion
Maersk Group is committed to support the expansion of the Port of Tema to the tune of US $1.5 billion, says Nils Smedegaard Andersen, Chief Executive Officer of Maersk Group.
Malaysia: Westports’ profit up despite lower revenue
Westports Holdings Bhd’s net profit jumped 6.6% to $38.54mln for its fourth quarter ended Dec 31, 2014, resulting in a record 12-month net profit of $141.2 mln for the port operator.
ABN Amro-Sinosure MoU for Shipping
Dutch bank ABN Amro and China Export & Credit Insurance Corporation (Sinosure) have signed a memorandum of understanding (MoU) to develop business in the ship building sector.
Liquefaction – Potential Dangers of Bauxite
The recent total loss of the "Bulk Jupiter", which capsized and sank off Vietnam, prompted marine insurers to issue warnings about the risk of shipping bauxite in…
Steel Cutting Ceremony for Otto Offshore Newbuild
On Friday 6 February 2015, Wuchang Shipbuilding Industry Co., Ltd., China, held a steel cutting ceremony for the first of four platform supply vessels of ULSTEIN’s…
China Shipping Development Orders Four VLCCs
Hong Kong unit of China Shipping Development, the oil and dry bulk shipping arm of state conglomerate China Shipping Group, has booked four very large crude carriers (VLCCs) at a compatriot yard.
Shreyas Sails Back to Black on Shipping Growth
Shreyas Shipping and Logistics rebounded to a US $3.6 million net profit in the third fiscal quarter from a net loss of about $468,000 in the same period in 2013…
CMA CGM Enhances Investment in Startup TRAXENS
The CMA CGM Group has contributed to the TRAXENS startup capital increase. Two other investment funds – CAAP Création (Crédit Agricole Group) and S.C.R. Provençale…
Indonesia Mulls Regional Maritime Partnership
Militaries ASEAN countries should join and get more involved in maritime and naval cooperation, to cope with threats to the sovereignty of each country, Gen. Moeldoko…
China holds Maritime Silk Road seminar
A two-day international seminar on beefing up maritime trade infrastructure in Asia opened on Wednesday in southeast China's Quanzhou City in Fujian Province. Since…
Wärtsilä DF Engines for Icebreaking LNG Carriers
Five new Arc 7 design ice-class LNG carriers being built at the Daewoo Shipbuilding and Marine Engineering (DSME) yard in South Korea will be powered by a total of 30 Wärtsilä 50DF dual-fuel engines.
Boskalis Sells Dutch Road Maintenance Biz
Royal Boskalis Westminster N.V. (Boskalis) has sold its road maintenance company Aannemingsbedrijf De Jong en Zoon Beheer B.V. and the associated De Jong subsidiaries…
Volvo Penta Unveils Forward Drive Innovation
A revolutionary new concept in marine propulsion, the first Volvo Penta Forward Drive (FWD), debuted today at an exclusive event at the Miami International Boat Show.
Learning & Development Roadmaps Instantly Updatable
Naval Education and Training Command (NETC) announced Feb. 10 that the Navy's comprehensive enlisted career guides, Learning and Development Roadmaps (LaDR), have…
Shippers Plan 4-day Partial Shutdown of US West Coast Ports
Shipping lines plan a partial four-day shutdown of U.S. West Coast ports, starting on Thursday, amid stalled labor talks between the companies and the union representing 20,000 dockworkers, the companies said on Wednesday. Loading and unloading of cargo vessels at the 29 ports will be suspended anew, as they were last weekend, on Thursday and again on Saturday, Sunday and Monday, a spokesman for the companies' bargaining agent, the Pacific Maritime Association said.
Maersk Vessels Returns to Port of New Orleans
Maersk Kotka called the Napoleon Avenue Container Terminal on February 9, signalling Maersk Line’s return of vessel service to the Port of New Orleans. The weekly Northern European service is teamed with a weekly Mediterranean service through the 2M Alliance Maersk formed with Mediterranean Shipping Company. Maersk and Mediterranean Shipping Company are the largest- and second-largest container carriers in the world. At 7,400-TEU, Maersk Kotka is the largest ship in the seven-vessel service.
Nine Voith Tugs for Pemex
Nine Voith Water Tractors will be built under an agreement signed with Mexico's petroleum company, Pemex, for use at oil and gas maritime terminals on both coasts of the country. Construction on four of the nine tugboats began after a keel laying ceremony at Astimar 20, Mexico's biggest shipyard, located in the port of Salina Cruz on Mexico's Pacific Coast. In attendance was Mexico's President, Enrique Peña Nieto, who spoke about the importance of the project for the country.
