Record Low Rates Keep Baltic Index on Downward Spiral
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, sank to a new record low for the sixth straight session on Tuesday.
China Navy Patrols Heighten Tensions with Japan
Japan said on Tuesday it has told China that any foreign naval vessel that enters Japanese waters for reasons other than "innocent passage" will be told to leave by a Japanese naval patrol…
LNG STS Transfer Planned off Scotland
Liquefied natural gas (LNG) tanker Arctic Princess is expected to transfer a cargo to the Excelerate off Scotland's coast this week, a spokesman at Orkney Islands Council said.
Pakistan Seeks Another LNG Import Terminal
Government aims for second terminal startup by mid-2017. Pakistan has launched a tender for a second liquefied natural gas (LNG) import terminal, a government official said on Tuesday.
McAllister Towing to Build Tractor Tugs at Horizon
McAllister Towing continues its long, 150-plus year hisory of serving the maritime industry announcing investment in two new boats sporting the latest technology. McAllister Towingis announced that Horizon Shipbuilding, Inc. of Bayou La Batre, AL, will build 100 x 40-ft. Escort/Rescue tugs for the company, vessels powered by 3516E Tier IV Caterpillar engines with Schottel SRP4000FP units producing 6,770 hp and 80 metric tons bollard pull.
Vale Draws $3 bln Credit Line as Asset Sales Falter
Brazilian miner Vale SA said on Tuesday it has drawn down $3 billion of its $5 billion revolving credit line to improve liquidity and cover potential costs until it manages to close asset sales.
First LNG Bunkering Operation for TOTE in Jacksonville
TOTE Maritime Puerto Rico Successfully Performs First LNG Bunkering at Jacksonville Port. On Saturday, January 9, 2016, TOTE Maritime Puerto Rico successfully loaded…
Greek Bourse Suspends Piraeus Port Share Trading
The Athens stock exchange on Tuesday suspended trading in shares of Piraeus Port Authority before the privatisation agency unseals bids by investors for a majority…
Energy-efficiency Training Course Now Online
A complete package of training materials on IMO’s energy efficiency requirements is now available to download free of charge from the IMO website. The package, including presentations…
Keppel T&T Appoints CEO for Data Centres
Keppel Telecommunications & Transportation Ltd (Keppel T&T) is pleased to announce the appointment of Mr Wong Wai Meng as its Chief Executive Officer, Keppel Data…
SEWIP 1B3 Production Contract for General Dynamics
The U.S. Navy has awarded a production contract for its Surface Electronic Warfare Improvement Program (SEWIP) Block 1B3 to General Dynamics Mission Systems. General…
Two Hoisted to Safety off Fortescue, NJ
The Coast Guard hoisted two people to safety Sunday from a marsh off Fortescue, New Jersey. The Coast Guard received a call at 8:25 p.m. Sunday via landline that…
Turbocharger Upgrades Yield High ROI -ABB
Power and automation technology group ABB announced study results show return on investment from turbocharger upgrades. The increased revenue resulting from higher…
Russia Sets Oil Production Record for 2015
Against the backdrop of a sharp drop in oil prices sharply increased their exports, Russia has set a new record for oil production in 2015. This is a new record…
Keel-laying Ceremony for USS Tulsa (LCS 16)
Austal hosted a keel-laying ceremony for the future USS Tulsa (LCS 16) here today, marking the first significant milestone in the ship’s construction. This ship…
Caterpillar Scoops Platts Award
A new concept in ship propulsion developed by Caterpillar has triumphed at the 17th annual Platts Global Energy Awards in New York. Winning the Commercial Application of the Year category…
US Nuclear Submarine Visits Japanese Port
Los Angeles-class fast-attack submarine USS City of Corpus Christi (SSN 705) has docked at Yokosuka port in Japan as part of its Asia-Pacific region itinerary,…
North Korea Faked Submarine Missile Launch Photos, Say Experts
Photos and footages showing a North Korean missile launched from a submarine were manipulated by state propagandists, according to an analysis by a California-based think tank…
Petrogas to Establish LNG terminal in Andhra
Petrogas Private Limited, a joint venture company between Isomeric Holdings Bhd from Malaysia and LEPL Ventures Pvt Ltd (LEPL) from Vijayawada, has signed a facilitation…
APLNG Ships First LNG Cargo from Australian Megaproject
The first cargo of liquefied natural gas has sailed from the mammoth Australia Pacific LNG (APLNG) facility in Queensland, following a delay of at least two weeks…
