MISC Bhd: Revenue Up
Malaysia International Shipping Corporation Berhad (MISC Berhad), a shipping arm of Petronas, has seen an increase of 12.3 percent in its net profit for the 2015…
Hijacked Singaporean Ship Released in Nigeria
The crew of a Singapore-registered container vessel, Safmarine Kuramo, hijacked off the Nigerian Coast earlier this week, were released unharmed on Saturday (Feb…
Cosco Merger May Change Industry Dynamics
The merger between China Shipping group and the Cosco Group has given rise to a mammoth company that could trigger stability and extended consolidation in the global shipping industry…
Indian Navy Shows Off Strength
India’s naval might was on full display off the coast of Visakhapatnam today (Saturday) as President Pranab Mukherjee reviewed the naval fleet. Mukherjee, the Supreme Commander of the Armed Forces…
World's Richest Travellers Prefer Panama
According to AFP Relaxnews, Panama saw the most growth in interest among the world’s richest jetsetters for travel this winter and spring. Panama saw the most significant…
Kemp Joins PMSA as Vice President
The Pacific Merchant Shipping Association (PMSA) announced the hire of Carl Kemp as a Vice President based in the organization’s Long Beach office. Kemp brings more than 20 years of experience in government and public affairs. Most recently, he served as Senior Advisor for Legislative and Public Affairs at the Federal Maritime Commission, where he reported directly to Chairman Mario Cordero. Previously, he had his own government affairs practice and PMSA was among his clients.
Crowley Christens 2nd LNG-ready Product Tanker
Crowley christens second of four newly built, LNG-ready product tankers for use in U.S. Crowley Maritime Corp. has christened the second of four new Jones Act product tankers yesterday at the South Florida Petroleum Terminal (The Public Dock) in Fort Lauderdale, Fla. The 50,000 dead-weight-ton (dwt), 330,000-barrel-capacity Texas joins sister ship Ohio, which was christened by Crowley in November,…
VT Halter Delivers ATB Tug to Bouchard
VT Halter Marine, Inc. announced the delivery of the M/V Morton S. Bouchard Jr., the first of the two 6,000 horsepower Twin Screw Articulated Tug Barge (ATB) tugs to Bouchard Transportation Co. Inc. Measuring 130 feet by 38 feet by 22 feet, the M/V Morton S. Bouchard Jr. is classed by ABS as +A1 Ocean Towing, Dual Mode ATB, USCG Subchapter C and is equipped with an Intercon Coupler System. The vessel was launched on October 29, 2015 at the Moss Point Marine facility in Escatawpa, Miss.
Canada Says Lifting Some Sanctions Against Iran
The Canadian government said on Friday it was lifting some sanctions against Iran, including the broad ban on financial services, imports and exports, making Canadian…
FSL Trust Divests Two Containerships
FSL Trust Management Pte. Ltd., as the trustee-manager of First Ship Lease Trus, announced that the Trust has completed the disposal of Ever Radiant and Ever Respect…
Sill Reinforcements Complete in New Panama Canal Locks
The Panama Canal Authority (ACP) announced that sill reinforcements in the new locks have been completed this week, bringing the Panama Canal Expansion closer to inauguration.
VPS Raises Concerns Over Revised Rules for Fuels
Veritas Petroleum Services (VPS) expressed reservations about some of the proposed revisions to the international ISO 8217 specifications of marine fuels. Areas…
Baltic Index Records New Low
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, registered a new all-time low for the ninth straight…
Damen Builds Cable Installer For Maersk Supply Service
A newbuild DP2 cable installation vessel, Maersk Connector, was handed over from Damen Shipyards Group to Maersk Supply Service on February 4, 2016, and now goes directly on a long-term charter for subsea services provider DeepOcean. Built at Damen Shipyards Galati in Romania, Maersk Connector is the second of a new generation of cable-laying vessels based on the Damen Offshore Carrier (DOC) 8500 platform, customized to meet the challenges of reducing offshore renewables costs, the builder said.
China to Enforce Low Sulphur ECA in Yangtze River Delta
Vessels calling ports in China’s Yangtze River Delta, including Shanghai, will be required to burn low sulphur fuel while at berth from April 1 this year. China’s Ministry of Transport announced in December last year plans to set up three ECAs: the Pearl River Delta, Yangtze River Delta and Bohai-rim waters. The Yangtze River Delta is the first of the three major port areas to make a 0.5 percent ECA compulsory…
SUNY Maritime Among Top Schools for Career Placement
The Princeton Review’s annual college rankings place State University of New York Maritime College among the top 10 in the nation for career placement after graduation. This year, SUNY Maritime came in seventh place. The college for years has had nearly 100 percent of its graduates working in careers of their choice after graduation. “SUNY Maritime excels at educating our students to give them the knowledge and skills they need for a strong start in their careers,” said Rear Adm. Michael J.
COSCO Also Eyes Greek Train Network
China's COSCO already the sole bidder for Greece's Piraeus Port. Buying both would give COSCO a European transhipment hub. China's COSCO is expected to make an offer…
Asia-Europe Box Rates Down 8 pct
Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 8.1 percent to $431 per 20-foot container (TEU) in the week ended on Friday…
UAE Plans Floating LNG Import Terminal
State-owned Abu Dhabi National Oil Co. (ADNOC) plans to start a new liquefied natural gas floating import terminal (FSRU) in the second half of this year, three LNG industry sources said.
Glencore to Lift Iranian Fuel Oil at Bandar Mahshahr
Anglo-Swiss commodity trader Glencore has chartered a ship to load Iranian fuel oil at the Iranian port of Bandar Mahshahr in a move that signals the return of legitimate…
