Hurricane Patricia Threatens Mexico
Hurricane Patricia strengthened into one of the most powerful storms in history on Friday as it barreled toward Mexico's Pacific Coast, forcing resort hotels to evacuate tourists and residents to stockpile supplies. The U.S. National Hurricane Center said the Category 5 storm was the strongest ever recorded in the Western Hemisphere, and the World Meteorological Organization compared it to 2013's Typhoon Haiyan, which killed thousands in the Philippines.
New Product: Running Line Dynamometer
A three-part consortium from the UK, USA and Sri Lanka, triangulated expertise to develop a new product for measuring tension on lines recently launched by Straightpoint, the Running Line Dynamometer (or TIMH), part of the manufacturer’s tension in motion range. David Ayling, director of Hampshire, UK-based Straightpoint, a manufacturer of force measurement, load monitoring and suspended weighing load cells…
GSL, Moran Iron Works Ink Deal
In a deal that on the surface proves promising for vessel construction in the United States, Green Shipping Line (GSL) and Moran Iron Works (MIW) signed a teaming agreement to pursue marine construction projects in the United States. GSL is headquartered in New York, NY and is in the process of facilitating the construction of a fleet of modern, fuel efficient Jones Act feeder vessels that offer shippers reliable…
BW Fleet Management Selects MarineLink
Oslo based BW Fleet Management have chosen to sign a 3 year “BuyerLink” Service contract with EVRY, to use the MarineLink Service and run in parallel with their…
Mexico Shuts Key Cargo Ports as Hurricane Patricia Nears
Mexico shut its key cargo ports of Puerto Vallarta and Manzanillo on Friday as one of the most powerful storms in history, Hurricane Patricia, approached, port officials said on Friday.
Bids for Greek Piraeus Port Sale Pushed Back
Greece has pushed back the date to submit binding bids for a majority stake in its biggest port Piraeus to Dec. 3, the head of its privatization agency said on Friday.
London's Baltic, China's Ningbo Exchanges in Container Link
London's Baltic Exchange and Chinese state-owned Ningbo Shipping Exchange said on Friday they would collaborate on container indices, the first foray by the Baltic…
Maersk Cuts Profit Outlook Due Weak Shipping Market
A.P. Moller-Maersk said on Friday it downgraded its profit outlook for 2015 by $0.6 billion to an underlying result of around $3.4 billion. The Copenhagen-based…
Chinese Navy Ships to Visit Mayport
Three People's Liberation Army-Navy ships are scheduled to visit Naval Station Mayport as part of a routine goodwill port visit, Nov. 3-7. Three vessels are on an…
Norwegian Epic Leaves Damen Repairyard
On Saturday 17 October, the 329-metre, 156,000 tonne cruise ship Norwegian Epic departed Damen Shiprepair Brest (DSBr), for Southampton. She cast off a day early…
Wärtsilä Ship Design for Offshore Wind Farm Service Vessels
Wärtsilä has been contracted to supply the ship design for the ‘Vestland Cygnus’, a Platform Supply Vessel (PSV) owned by Norway based Norside AS that is to be converted…
Matson Declares 4Q Dividend
The Board of Directors of Matson, Inc. today declared a fourth quarter dividend of $0.18 per common share. The dividend will be paid on December 3, 2015 to all shareholders…
Inmarsat welcomes President Xi to London Headquarters
Inmarsat welcomed the President of the People’s Republic of China, Mr Xi Jinping to its London headquarters, as part of the President’s historic State Visit to the UK.
Asian Waters Hit by Increased Maritime Piracy
Singapore-based anti-piracy agency, ReCAAP Information Sharing Centre (ReCAAP ISC) has recorded a total of 161 incidents of piracy and armed robbery against ships…
Brazil Deepens Bribery Probe
Brazil’s Parliamentary Commission of Inquiry (CPI) has recommended the deepening of investigations into 10 companies - including Keppel, SembCorp Marine and Kawasaki…
Daewoo Shipbuilding May Post Loss of Over US$4.6 Bln
Daewoo Shipbuilding & Marine Engineering Co. (DSME) is expected to log an operating loss of over 5 trillion won (US$4.4 billion) this year, up by some 1 trillion won from previous forecasts…
Cosco Singapore Under Pressure
Shipbuilding and dry bulk shipping company Cosco Corp (Singapore) expects to post a loss in the third quarter ended September 30, 2015 compared to a profit recorded in the same period a year earlier.
DryShips Buys Nautilus Stake, Adds Six OSVs
Greek ship owner DryShips plans to add six support vessels to its fleet by acquiring a large stake in Nautilus Offshore Services. Dry bulk shipowner DryShips has…
KT to Manage Massive Submarine Cable Network
Korean Telecommunications provider KT has been named the key operator of the world's largest submarine network cable, New Cross Pacific (NCP). Korea's dominant fixed…
Fire Strikes Splendour of the Seas
Royal Caribbean's Splendour of the seas experience a fire in one of its engine rooms, but luckily the incident was contained with minor injuries and no apparent damage to the ship.
