Saudi Shipper Bahri Q1 Profit Soars
National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, reported a 53.6 percent jump in first-quarter net profit on Monday.
Australia Accelerates Naval Shipbuilding Efforts
Australia will speed up plans to build more naval vessels in domestic shipyards, Prime Minister Malcolm Turnbull said on Monday, making an announcement that could…
U.S. to give Philippines South China Sea 'eye-in-the-sky'
The United States will transfer an observation blimp to the Philippines to help it track maritime activity and guard its borders amid rising tensions in the South China Sea, a U.S.
Collaboration on Swimming Robots for Subsea Maintenance
NTNU spin-off company Eelume collaborates with Kongsberg Maritime and Statoil to develop swimming robots for subsea inspection and light intervention. Kongsberg…
Hamburg Port's Rail Network Sets European Benchmark
In their “Best route market study for containerised imports to South Germany”, published at the beginning of March, the Drewry Group’s supply-chain consultants investigated…
ABB Wins European Marine Engineering Award
Power and automation technology group ABB has won a European Marine Engineering Award, acknowledging the innovation behind the new Azipod D electric propulsion solution, launched in 2015.
Damen Completes Maintenance of Flintstone
The fallpipe vessel Flintstone has departed from Damen Shiprepair Amsterdam, part of Damen Shiprepair & Conversion, following a six-week programme of maintenance…
BV's AIP for WindFloat's FOWT Foundation
Leading international classification society Bureau Veritas has issued Approval in Principle for the WindFloat Floating Offshore Wind Turbine (FOWT) foundation.
ST Marine Celebrates LMV Sovereignty Launch
Singapore Technologies Marine Ltd (ST Marine), the marine arm of Singapore Technologies Engineering Ltd (ST Engineering), held the Launching Ceremony today for the…
Search Resumes for El Faro Data Recorder
The National Transportation Safety Board is set to resume its search April 18, 2016, for the vessel data recorder of the sunken El Faro cargo ship. The U.S. flagged…
ABB’s Azipod D to Power Scenic Eclipse
ABB’s Azipod D will power the luxurious 10-deck discovery cruiser Scenic Eclipse to some of the world’s most remote destinations. Built to Polar Class 6 the vessel…
Samsung, Daewoo Merger on the Way?
As the Korea government is pushing for restructuring of the faltering shipbuilding industry, speculation grows over a possible merger between the country’s two major…
India to Roll Out Second Maritime University Next Year
India will soon get its second maritime university, Gujarat Maritime University (GMB), which will primarily be focusing on the commercial maritime courses. According to sources…
UASC, Qatargas and Shell Join to Push LNG as Marine Fuel
Qatargas, United Arab Shipping Company (UASC) and Shell signed a Memorandum of Understanding (MoU) to explore the development of LNG as a marine fuel in the Middle East region.
Chinese Shipyard Turns Into Car Parking
To cope up with so much financial strain, Hong Kong-based shipbuilders China Ocean Industry Group – formerly known as China Ocean Shipbuilding Industry Group – is…
Maritime India Summit Attracts $12.5 billion Investment
The first ever Maritime India Summit in Mumbai has resulted in attracting investments worth Rs 82,905 crores ($12.5 billion), says the Ministry of Shipping. A total…
Pacific Basin Rights Issue for $151mln
Hong Kong bulker Pacific Basin has proposed a one-for-one rights issue in a bid to raise approximately $150.6m for strengthening its long term equity capital. The…
Car Carrier Ocean Tango Runs Aground off Busan
A South Korean Car carrier Ocean Tango was grounded by a storm which battered Busan, Korea, on Apr 17. The 2,736 dwt Vessel was docked at Yeong-gu area, reportedly…
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