Scorpio Delays Deliveries, Terminates Charter Contracts
Scorpio Bulkers, Inc. announced today that it has agreed in principle to delay scheduled vessels deliveries and terminated the time charter contracts for four vessels.
HMAS Melbourne Returns from M.E.
After five successful narcotic seizures in the Middle East and 203 days away from home, Royal Australian Navy frigate, HMAS Melbourne was welcomed back to her homeport of Sydney today.
Cargill, MV Cargo to Build Grain Terminal in Ukraine
Cargill and MV Cargo formalized their intention to construct a grain terminal in the port of Yuzhny on the Black Sea coast in Ukraine by signing a Share Purchase Agreement (SPA).
Sound Energy Change of Registered Office
Sound Energy, the Mediterranean focused upstream gas company, announced that its registered office has changed, with immediate effect, to 4a Brewery Lane, Blighs Meadow, Sevenoaks, TN13 1DF.
Suez Canal Access Channel Officially Opened
The terminal is also expanding in response to Egypt’s growing population and economy, and role as a global transportation hub. East Port Said, Egypt – Completed within just three months…
SSA on SGX/Baltic Exchange Talks
Members of the Singapore Shipping Association (SSA) have read with interest the recent announcement by the Singapore Exchange Ltd (SGX) in its bid to acquire the Baltic Exchange.
7th Z-drive Towboat from Master Marine
In February, Marquette Transportation Co. took delivery of a new 2,000-hp Z-drive towboat from Master Marine, Inc., Bayou La Batre, Alabama. The 78'x 34’x11' St.
Defence Force Chief Marks ADFA Anniversary
The Chief of the Defence Force Parade took on added significance today as the Australian Defence Force Academy (ADFA) marked 30 years since the first trainee officers marched in.
FIATA Still All at Sea on Container Weight
THE International Federation of Freight Forwarders' Associations (FIATA) has called for enhanced communication from container shipping lines ahead of the deadline…
India Worries About its Ageing Shipping Fleet
India's troubled shipping sector has been passing through tumultuous waters in recent years with over 40 per cent of the country’s fleet older than 20 years and…
Team Tankers Acquires New Vessels
Team Tankers International (TTI) completed the acquisition of the ‘Sichem Amethyst’ and ‘Sichem Contester’, previously on timecharter in the Q4 2015. In addition…
Shipowner’s Loss of Earnings and Collision Claim
Awareness of the ways of calculating loss of earnings claims can be useful in both presenting and challenging this type of claim. This Gard Insight looks at some…
IEA Paints Lukewarm Outlook for Crude Oil Tankers
Every year around this time, the International Energy Agency (IEA) publishes their Medium Term Oil Market Report. The report includes the customary oil supply and…
CMA CGM to Upgrade its PEX 3 Service
CMA CGM introduced its new PEX 3 service rotation linking US Gulf Coast and US East Coast (South Atlantic) to Asia, Africa and Mediterranean. Effective March 9th…
2015 a Record Year for the Port of Barcelona
The Port of Barcelona ended 2015 with positive results in its key traffic indicators, with record figures in foreign trade and certain strategic cargo segments such…
Chinese Shipyard DSIC Acquires FORAN
The SENER engineering and technology Group has signed a contract with the Chinese shipyard Dalian Shipbuilding Industry Co. Ltd. (DSIC) for the implementation of the shipbuilding CAD/CAM System FORAN…
Hamburg Gives Cruise Ships Easier Access
The Nautical Terminal Coordination (NTC) has expanded its portfolio to include cruise ships, now providing support for Costa and AIDA vessels when they call at the Port of Hamburg. When it arrives in Hamburg for the first time on February 27, 2016, AIDAmar will be the first cruise ship to call in Hamburg under the supervision of NTC, working in cooperation with Carnival Maritime’s fleet operations center. The cruise ship business is booming in Hamburg, with 160 visits expected in 2016.
RV Sally Ride Completes Builder's Trials
The U.S. Navy's new Auxiliary General Purpose Oceanographic Research Vessel (AGOR), R/V Sally Ride (AGOR 28), has completed builder's trials, February 21, off the coast of Anacortes, Wash. Builder's trials for Sally Ride tested various shipboard systems and ensured readiness prior to conducting acceptance trials with the U.S. Navy's Board of Inspection and Survey. The propulsion system, mission-over-the-side handling equipment…
Global LNG Prices Lose Ground on Weak Demand
Asian spot liquefied natural gas (LNG) prices extended losses for a third week, as weak demand gave little support, with more supply beginning to flow from the United States and Australia.
US Coast Guard Wraps up First Phase of El Faro Disaster Probe
The U.S. investigation into the deadly sinking of the El Faro cargo ship during a hurricane last fall shifted direction on Friday, as the Coast Guard wrapped up its initial public hearings on the accident that killed all 33 people onboard. The agency will now wait to see if key evidence can be recovered from the shipwreck. In April, searchers will make a second attempt at finding a voyage data recorder that could provide detail on the ship's sinking off the Bahamas.
