McQuilling Releases 2016-20 Tanker Outlook
McQuilling Services has announced the release of the 2016-2020 Tanker Market Outlook. This report is a five-year outlook for eight vessel classes across 18 benchmarkā¦
Italy Navy Rescues 209 From Migrant Boats
Italy's navy rescued 290 migrants and recovered six bodies from the water near a half-sunken rubber boat on Thursday, the first sea deaths recorded on the North Africa to Italy route this yearā¦
Peel Ports Secures WEC Lines Service for Liverpool
Dutch company WEC Lines is to begin weekly calls at the Port of Liverpool from February 10th, providing a new option for shippers looking to access central and northern UK markets. The brand new service will connect Liverpool with Lisbon, Setubal, Leixoes and Sines and vice versa, with other links to Ireland, Scotland, Morocco, Spain and the Canary Islands. WEC Lines said: āThis is a major new development for usā¦
Drewry: Dry Bulk Shipping Needs Drastic Measures
Dry bulk shipping is facing a perfect storm and requires drastic supply side measures if the industry is to return on course to profitability in the medium termā¦
BIG DATA & Maritime: The Downside
There is no question that the era of "Big Data" -- and all that those two words encompass -- will be transformational in the maritime market for the coming generation. There is no stopping the data trend, and today's generation demands it from a social aspect and needs it to be efficient in business operation. While the upside to big data has been recorded often, the North P&I Club has warned its members that despite the enormous benefits of digital technology on and around shipsā¦
BIG DATA: First Intelsat EpicNG Satellite Launched
The launch yesterday of the Intelsat 29e, the first of the Intelsat EpicNG high throughput satellites, promises to usher in a new era of "Big Data" in the maritime sector, among others. The satellite was launched from French Guiana aboard an Ariane 5 vehicle. Manufactured by Boeing and equipped with advanced digital payload, Intelsat 29e will bring high throughput capacity in both C- and Ku-band to North and Latin America and the North Atlantic region.
Transas, XVR Simulation Form Partnership
Transas has announced its new strategic cooperation with XVR Simulation to expand their maritime training capabilities and to deploy common complex projects in the safety and security simulation market. Transas and XVR Simulation have just entered into a Memorandum of Understanding (MoU), which was officially signed on the first day of the Transas Simulation User Conference 2016, in Singapore. The two will work close together to extend offers for existing and future customers of both parties.
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¦
