Ocean Rig Loses Two Drilling Contracts
Ocean Rig UDW Inc., a global provider of offshore deepwater drilling services, announced that two of its drilling contracts have been terminated. The Nasdaq-listed…
Slowdown, Brazil Impact Hit Sembcorp
The strain of low oil prices on the offshore and marine sector was in full display as the world’s second-largest builder of oil rigs Sembcorp Marine Ltd posted…
Product Tanker Sinks in Indonesian Waters
1983-built chemical tanker Nusantara Akbar (built 1983) went down off Dumai in Indonesian waters of the Malacca Strait on Saturday after taking on water. The 107-meter-long vessel…
Tetrahedron Super Yacht Can 'Levitate'
London-based architect Jonathan Schwinge designed the pyramid-shaped yacht called the Tetrahedron Super Yacht. Billed as aviation on the sea, the radical concept…
Malta Rolls out First Ever Maritime Summit
The first Malta Maritime Summit, an opportunity for international and Maltese stakeholders to raise and discuss common interests, will be held on 3-6 October, ahead…
DP World to Offer Container Weighing Service
DP World’s British container terminals are to offer container weighing services for UK exporters to determine the Verified Gross Mass (VGM) of each container ahead…
Port Security goes High Tech in South Africa
Transnet National Ports Authority (TNPA) introduced a new port security system valued at more than $53 million to safeguard customer cargo, port users, as well as Transnet’s own port assets, staff and contractors. Phumuzi Sigasa, head of TNPA’s Port Security Portfolio added: “In conformance with regulations and our own Integrated Security Management Systems - Security Strategy Plan, we are rolling…
N-KOM delivers First Newbuild Liftboat
Nakilat-Keppel Offshore & Marine (N-KOM) reports that it has delivered its first liftboat unit, Al Safliya, to Qatari rig operator Gulf Drilling International (GDI). Al Safliya is the first liftboat to be wholly constructed in Qatar at the Erhama Bin Jaber Al Jalahma shipyard The self-propelled and elevating unit has been customized for operations in the Middle East and North Africa (MENA) region in water depths of up to 65m.
Sembcorp Marine posts first Quarterly Loss.
Posts S$535 mln loss vs year ago profit; net order book backlog at S$10.4 billion. Singaporean rig builder Sembcorp Marine Ltd posted its first quarterly loss, hit…
Gulf Navigation Profit Doubles, But Future Unclear
Dubai-headquartered tanker owner Gulf Navigation's (GulfNav) annual profit doubled in 2015, thanks to improving tanker rates and rising revenues from its shipping services unit…
NGO Slams Shipper but Four Alang Recyclers Go Green
The NGO Shipbreaking Platform and Transport and Environment (T&E) have criticized Maersk Group’s decision to beach their end-of-life vessels in Alang, India. But…
2,500 More Ships to Cypriot Registry
As 2,500 ships currently under management by Cyprus-based companies could be registered in the Cypriot registry, a settlement of the Cyprus problem could boost the…
India to Showcase 200 Projects in Maritime India Summit
The Ministry of Shipping, India will showcase all its investable opportunities to domestic and global investors in the first-ever Maritime India Summit (MIS) to be held in Mumbai from April 14-16…
Cosco Ends FY15 in the Red
COSCO Corporation (Singapore) Limited has posted net losses of S$570 million for FY2015, compared with the earnings of S$20.9 million in FY2014. The company is hurt…
Shreyas Shipping, Profit Down, Acquires Vessel
Shreyas Shipping & Logistics Ltd reported weak set of earnings in its third quarter earnings on Friday. Net profit fell a staggering 88 percent to Rs 2.77 crore…
Statoil Strengthens its position in Uruguay
Statoil has signed a farm-in agreement with Tullow to acquire a 35% working interest in offshore exploration block 15 in the Pelotas basin, deepening its position in Uruguay.
Six Rescued near Oregon, Washington Coast
The Coast Guard rescued six people in three separate search-and-rescue cases Saturday along the Washington and Oregon coastline. On Saturday morning, the Coast Guard…
Tikka to Lead ABS Global Marine Activities
ABS reports that it has centralized its global Marine strategic planning, client development, and product and service offerings to deliver enhanced classification…
Holland America Line Appoints Durante VP, HR
Holland America Line has appointed Margaret Durante to the position of vice president, human resources. In this newly created role she will lead the company’s human…
APM Terminals Mumbai Switches to Paperless transactions
APM Terminals Mumbai became the first Indian container terminal to go paperless by providing shipping lines electronically with the required Export Form 13 for export…
