Asia Dry Bulk-Capesize Rates Likely to Remain Flat
Freight rates for capesize bulk carriers on key Asian routes are likely to stay flat as vessel volumes outpace cargo demand and the approaching Chinese New Yearā¦
Caterpillar Q4 Revenue Dips 23 pct
Caterpillar Inc's quarterly revenue slumped 23 percent as weak commodity prices and slowing economic growth in developing countries hit demand for its products.
USCG Search for Dinghy Owner near Kaneohe Bay, OAHU
The Coast Guard is seeking the public's help identifying the owner of a 13-foot white sailing dinghy found near Kaneohe Bay, Wednesday. Anyone with information thatā¦
Pilbara Ports being Evacuated
Pilbara Ports Authority has commenced evacuating the inner and outer anchorages at the Port of Port Hedland, as a tropical low, 315km from Port Hedland, continuesā¦
Supreme Court Stays Green Tribunal Order on Adani Hazira Port
Adani Hazira Port Private Limited (AHPPL), a 100% subsidiary of Adani Ports and Special Economic Zone Limited, had challenged the order dated 8.1.2016 passed by the National Green Tribunalā¦
Evergas Acquires 4th multigas LNG vessel
Evergasā latest addition to its fleet, the 4 th ādragon classā 27.500 cbm multigas LNG carrier in a series of eight was successfully named today the 28th of Januaryā¦
IACS 2016 Blue Book Launched
The International Association of Classification Societies is pleased to announce the release of the 2016 edition of its IACS Blue Book. The latest release of theā¦
MOL Car Carrier Rescues Castaway
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) today announced that on January 20, 2016, the MOL-operated car carrier TRIUMPH ACE safely rescuedā¦
Stolt-Nielsen Profits Dip
Stolt-Nielsen Limited (Oslo Børs: SNI) today reported unaudited results for the fourth quarter ended November 30, 2015. Net profit attributable to shareholders in the fourth quarter was $21.4 millionā¦
Wärtsilä, Ensco Ink Maintenance Deal
Wärtsilä, the leading global supplier of flexible and efficient power plant solutions and services, has signed a maintenance agreement with Ensco, a global providerā¦
ABP Invests £5 mln in Centre at Grimsby Port
ABP has confirmed £5 million investment in a purpose-built Marine Control Centre at the Port of Grimsby. The new facility, which will be arranged over four floorsā¦
GACās Meena Wins IMC Golden Shield Award
The International Maritime Club presented Meena Mathews, GACās Regional P&I Manager for the Middle East, with its Excellence in Marine Claims Management accoladeā¦
G E Shipping Acquires Product Tanker
The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of a 2005-Japanese built Medium Range Product Tanker āJag Padmaā of about 48,000 dwt. The companyā¦
Critical Habitat for Endangered North Atlantic Right Whale
Using new information not previously available, NOAA Fisheries is expanding critical habitat for endangered North Atlantic right whales to cover its northeast feedingā¦
C&W Networks Selects Xtera for Submarine Cable Upgrade
C&W Networks, part of Cable & Wireless Communications (CWC), the largest telecommunications service provider across the Caribbean, Central America, Mexico and United States with more than 48ā¦
Chinese Boat Capsizes off South Korea
South Korean maritime police on Wednesday withdrew divers after they failed to find at least five people believed to be trapped inside a Chinese fishing boat thatā¦
Navios Maritime Posts 4Q Profit
Navios Maritime Midstream Partners LP (NAP) on Wednesday reported fourth-quarter profit of $9.1 million. On a per-share basis, the company said it had profit of 44 cents.
UK Seafarers: Positive New Statistics Mask Reality
UK Seafarer statistics launched today show a slight overall increase of 2% from 2015, rising to 23,380 at the end of June 2015. The total number of UK seafarers active at sea was estimated to be 23ā¦
Dragflow Remote Controlled Dredge for Marina Sveva
Dragflow has recently delivered a remote controlled dredge for the Marina Sveva harbor dredging project in Italy. Due to the sea currents caused by a dam, too muchā¦
Norfolk Intermodal Volume Falls
Norfolk Southern Railway has announced disappointing financial results, and a cost-cutting plan that could eliminate two thousand jobs over the next four years. Norfolk has assured shareholders that despite weak carload volume and tumbling intermodal traffic producing a double-digit profit loss, the railroad remains better on its own. The company has outlined plans to cut staff, close routes and mothball locomotives amid a series of measures aimed at cutting annual costs by $650m by 2020.
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