Japanese Submarine to Visit Philippines
A Japanese submarine will visit the Philippines for the first time in 15 years, along with two warships that will then sail on to Vietnam, in a show of support for…
Seadrill Shares Surge, Squeezing Shorts
Shares have risen 8 days in a row; CEO says short-sellers are beginning to panic. Shares in Norwegian rig firm Seadrill shot up by a third on Monday and its chief…
SSI's Roadmap To 'Sustainable Shipping Industry By 2040'
London – 7 March 2016 - The Sustainable Shipping Initiative (“SSI”), a pioneering coalition of companies from across the global shipping industry, today launched its Roadmap…
Wärtsilä Admits Manipulation on Ship Engine Fuel Tests
Wärtsilä Corporation has, at its own initiative, conducted an internal audit of test processes globally. This was done to secure compliance and to ensure operational excellence within the company.
MHI Delivers "Jinryu" Japan's 7th Soryu-Class Submarine
Mitsubishi Heavy Industries, Ltd. (MHI) delivered the "Jinryu" submarine to the Japanese Ministry of Defense (MOD) today in a ceremony held at the MHI Kobe Shipyard…
19 Kalmar Shuttle Carriers for APM Terminal in Italy
Kalmar, part of Cargotec, has received an order for 19 hybrid shuttle carriers from APM Terminals for their newest container terminal that is under construction in Vado, Italy.
Van Oord Consortium Preferred Bidder for Fehmarnbelt Project
Femern A/S, a subsidiary of the Danish state-owned Sund & Bælt Holding A/S, has today announced its intention to award a substantial contract related to the construction…
Great Green Fleet in South China Sea
The John C. Stennis Strike Group (JCSSG) is conducting routine operations in the South China Sea. The ships transited the Luzon Strait March 1 and have maintained…
OOIL Profit Edges Up
Orient Overseas (International) Ltd recorded an almost 5% increase in profit for the full year 2015, despite the weakness in the container shipping market, thanks…
Statoil Ends COSL Innovator Rig Contract
Norway’s Statoil ASA has decided to end its contract with a drilling rig operated by China Oilfield Services Limited, or COSL, three months after a worker died…
Indian Budget Proposals for Maritime Sector
Finance Ministry Arun Jaitley in Union Budget for financial 2016-17 (Apr-Mar) has announced imposition of 14% service tax on services provided by domestic shipping…
Hong Kong Shipping Register Crossing 100 Million Gross Tonnage
The Hong Kong Shipping Register has crossed of 100 million gross tonnage, informed the Secretary for Transport and Housing, Professor Anthony Cheung Bing-leung.
INS Virat Caught Fire, One Died
One sailor was killed and three others were injured after a fire broke out onboard India's soon to be decommissioned aircraft carrier INS Viraat in Goa. While the…
Port of Melbourne Sale Soon
The Opposition Leader Matthew Guy says that critical laws to maximise the value of the lease of the Port of Melbourne are set to finally pass the state parliament this week, reports The Age.
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