BP Shipping U.S. Crude to PDVSA's Terminal
British BP has shipped a U.S. crude cargo to PDVSA's terminal in Curacao, the third one that the firm has sent since winning a tender along with China Oil last month…
AWO, Stakeholders 'Barge In' at Capitol Hill
American Tugboat, Towboat and Barge Industry Urged Support for American Jobs, Vessel Discharge Reform, and Waterways Infrastructure. Members of the American Waterways Operators…
SCA: More Naval Vessels Protect Economy, Provide Security
Shipbuilders Council: Proposed Budget Enables Naval Forward Presence and Protects U.S. National Security Interests. The Shipbuilders Council of America (SCA) today…
KKR Unit Takes on Italian Shipping Company Debt From Banks
Pillarstone Italy, owned by U.S private equity firm KKR, will take on the bulk of the debt owed by Italy's Premuda to a group of banks, in a first move that could…
Waterways Are the Greenest Way to Go
In celebration of Earth Day 2016, The American Waterways Operators (AWO) and Waterways Council, Inc. (WCI) released a fact sheet highlighting the many environmental and energy efficiency benefits of our nation’s waterways. Among them, Did You Know... Barge transportation of commodities on our nation’s waterways is the greenest way to move bulk freight. In 2014, 604 million tons of cargo valued at $232…
Merkel Visit aims to Soothe EU Migrant Tensions
German Chancellor Angela Merkel will use a visit to Turkey this weekend to try to soothe tensions over a deal meant to stem the flow of migrants to Europe as questions…
Baltic Index Up On Stronger Rates
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Friday due to higher demand for capesizes and gains across smaller vessel segments.
Atlantic Pioneer Gets to Work at Block Island
The first US-built and operated offshore wind farm crew transfer vessel will be named at an official christening ceremony in Quonset Point, Rhode Island. Following the Christening the ‘Atlantic Pioneer’, owned and operated by Atlantic Wind Transfers, the commercial wind support services arm of Rhode Island Fast Ferry, will embark on the first phase of a 20-year charter to support the construction and operation of the Block Island offshore wind farm.
Agreement on Wreck Removal MV Flinterstar
Flinterstar III BV, the owner of the Dutch freighter MV Flinterstar, has entered into a contract with a consortium of Belgian marine contractors to remove the wreck of the vessel which sank in the North Sea off the coast of Zeebrugge following a collision last October. The consortium will be headed by SCALDIS, a joint company of DEME, Jan De Nul and Herbosch-Kiere. Bart Otto, Director of Flinterstar lll BV…
Torqeedo to Showcase Cruise Engine at Seawork
Torqeedo will debut its innovative new electric motor at this year’s Seawork International. The new generation, the Cruise 10.0R, is equivalent to a 20HP combustion engine. It boasts 12kW peak power, 10kW continuous power and a voltage level of 48V to deliver impressive, emission-free performance at speeds of up to 17.2knots (31.9km/h). The Cruise 10.0R weighs 47.2kg in its smallest variation and features a powered tilt function…
Carnival to Sail to Cuba with All Travelers
Carnival Corporation announced it will sail as planned from the U.S. to Cuba with all travelers, including Cuba-born passengers, for the company’s week-long voyages to Cuba. Carnival worked with Cuba to allow its cruise ships to operate in a similar manner as current air charter operations to Cuba, starting with its historic inaugural voyage on May 1, 2016. Last week, in anticipation of this positive outcome…
ICS Welcomes Progress on CO2 Reduction at IMO
The International Chamber of Shipping (ICS) has welcomed progress made by the IMO Marine Environment Committee (MEPC) this week (April 18-22) towards the adoption of a global CO2 data collection system. Once the amendment to the MARPOL Convention enters in force, all ships over 5,000 GT will be required to provide information on CO2 emissions via their flag states. ICS says that once the system is adopted…
Asia Tankers-VLCC Rates Face Pressure
Number of MidEast charter fixtures less than usual; Basra crude exports set to fall in May. Freight rates for very large crude carriers (VLCCs) will come under further…
Hanjin Shipping Seeks Bank-Debt Restructuring
Hanjin's debts at 5.6 trln won at end 2015; company has been squeezed by low shipping margins. South Korea's Hanjin Shipping Co Ltd will ask creditor banks to restructure its debt…
Aker Seeks More Investments - Roekke
Norwegian industrial holding company Aker expects to conduct more acquisitions and other transactions in coming years, the firm's top owner said on Friday. "At Aker…
Venezuelan's Late Shipping Containers bill at $1bln
Venezuelan state agencies have run up close to $1 billion in debts with shipping firms due to delays in returning containers, potentially boosting the cost of importing…
CMA CGM to Delay Mega-Ship Move
CMA CGM Group has decided to postpone its project to deploy 18,000 TEU-capacity vessels on Transpacific market trade. The much-anticipated launch of a weekly service…
Statoil Launches New Subsea Concept
Norwegian oil major Statoil presented a new subsea concept that is designed to reduce cost and increase efficiency. The concept is called Cap-X. The concept was presented by Margareth Øvrum…
NUS, MPA Conduct Joint Research in Ocean Governance
The Centre for International Law (CIL) at the National University of Singapore (NUS) and the Maritime and Port Authority of Singapore (MPA) will be setting up a…
Piracy: Indonesia Could be the New Somalia
Commercial ships have been told to avoid shipping routes around Indonesia and Philippines amid fears that piracy could be reaching Somalian levels, according to Reuters.
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