Great Lakes Limestone Trade Dips in October
Shipments of limestone on the Great Lakes totaled 3.4 million tons in October, a decrease of eight percent compared to a year ago, according to the Lake Carriers’ Association (LCA)…
Rolls-Royce, Astican Open Las Palmas Workshop
Rolls-Royce yesterday opened a new, custom built, 2,100-square-meter service facility at the Astican Shipyard in Las Palmas, on Gran Canaria in the Canary Islands. The center is a partnership between Rolls-Royce and the shipyard. Las Palmas’ position in the Atlantic allows Rolls-Royce and Astican to enhance their support to rig and drillship owners undertaking ongoing exploration, production and development operations in Europe…
MAN’s Largest, Most Powerful Engine Leaves Test Bed
Doosan Engine has reported that the initial start of an MAN B&W 11G95ME-C9.5 two-stroke engine took place during October 2015 at its works in Korea, followed subsequently by a successful shop-test. According to MAN Diesel & Turbo, the engine – rated at 103,000 horsepower – is the largest and most powerful engine from its portfolio ever to be designed and built. The engine is the first in a series of six bound for six 19…
UK Defense Minister Checks in on Navy’s New Engines
Defense minister Philip Dunne has visited Liverpool City Region U.K. based ship engine specialist James Troop & Co Thursday to review progress of a £2 million deal to replace the generator sets on seven Royal Navy Mine Hunters. Dunne, the Minister of State for Defense Procurement at the Ministry, met with staff across James Troop, one of the shipping industry’s most established companies. Dunne heard…
ABS Exec Speaks at World Shipping Summit
ABS announced its participation in the World Shipping (China) Summit 2015, November 5-6, in Guangzhou, China, where ABS Senior Vice President and Chief Technology officer Howard Fireman spoke about changes in the global shipping industry. In his presentation in the morning Shipping Outlook Session on November 6, Fireman shared his view of the issues industry will be addressing over the next few years.
essDOCS Names Toet Board Chairman
essDOCS announced that Non-Executive Board Member, Andre Toet, has been appointed Chairman of the Board of Directors, succeeding Barry Williams, who is standing…
China: U.S. Patrol in S.China Sea 'harmed trust'
The patrol by a U.S. warship close to islands China controls in the South China Sea harmed mutual trust between China and the United States and caused regional tensions…
Cosmo Lifts US, Mexican oil on Common VLCC
Japanese refiner Cosmo Oil has for the first time shipped U.S. condensate and Mexican crude on the same supertanker to reduce costs, industry sources said on Friday. U.S.
Maersk Will Invest to Retain Market Share
A.P. Moller-Maersk will continue to invest in its shipping unit to retain its leading market share in the industry, which has experienced a prolonged slump, Chief…
Asia-Europe Box Rates Plunge 32 pct
Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 31.8 percent to $674 per 20-foot container (TEU) in the week ended on Friday…
Tepid Reception for Hapag-Lloyd IPO
Hapag-Lloyd CEO says IPO preparation a "tough fight" but firm reaps $300 million in proceeds. Shares in Hapag-Lloyd hovered around their issue price in their stock…
Maersk Profit Halves, Global Trade Forecast Dimmed
Container shipping demand at lowest since 2008 crisis; additional capacity supply far outstrips demand. Shipping and oil conglomerate A.P. Moller-Maersk said on…
Dorian LPG Acquires 'Commander'
Dorian LPG Ltd. a leading owner and operator of modern Very Large Gas Carriers ("VLGCs"), reported today that it has taken delivery of the ECO VLGC Commander from Hyundai Heavy Industries.
Lumishore Appoints IMTRA as Distributor in N. America
Lumishore USA, pre-eminent manufacturer of underwater lights, announced today that their product line is available and supported in North America by master distributor IMTRA…
MOL Containership Rescues Castaways
Mitsui O.S.K. Lines, Ltd. today announced that on October 29, 2015, the MOL-operated containership MOL PROFICIENCY safely rescued all two survivors 400 km offshore of Canary Islands.
Maersk Q3 Profit Drops
The Group delivered a profit of USD 778m (USD 1.5bn) negatively impacted by the lower oil price and lower average container freight rates, down 51% and 19% respectively…
Another Mega-Ship Facility Opens at Felixstowe
The Berth 9 Extension at the Port of Felixstowe, the Port of Britain, has been opened by Dr Therese Coffey MP, Deputy Leader of the House of Commons. The 190-metre…
Crews Continue Response for Sunken Lake Erie Barge
Crews continue to respond to and investigate a reported discharge of an unknown substance from the site of a sunken barge near Kelleys Island Shoal in Lake Erie Thursday.
China Invites India to South China Sea
In a dramatic turn of events, China has asked India to play a "constructive and positive" role in safeguarding peace and stability in the disputed South China Sea, reports PTI.
North America Dominates Global Container Shipping Market
In terms of geography, North America dominates the global container shipping market . This is due to improved transportation services in this region, says a report from Persistence Market Research.
