Bahri Secures Loan for Five VLCCs
National Shipping Company of Saudi Arabia said on Sunday it had signed a murabaha facility with Riyad Bank valued at 1.425 billion riyals ($380 million) to finance…
Iran Seeks $2.5B to Modernize its Oil Tankers
Iran is seeking $2.5 billion investment to modernise its oil tankers fleet following the lifting of sanctions against Tehran, managing director of National Iranian…
Fincantieri Bags 5 Cruise Ships Order from Carnival
Following on a March 2015 agreement and a memorandum of agreement last December, Fincantieri, a leader in cruise ship design and construction, and Carnival Corporation & plc…
Holland America Line Celebrates Official Handover of 'Koningsdam'
Holland America Line celebrated the delivery of ms Koningsdam with an official Handover Ceremony, luncheon and shipyard workers party aboard the ship Saturday, April 2…
Godrej Conferred AILBIEA's Lifetime achievement Award
Nadir B. Godrej, MD of Godrej Industries Ltd., was conferred the Lifetime Achievement Award by the All India Liquid Bulk Importers and Exporters Association (AILBIEA)…
China Braces for "Severe" Flooding on Yangtze River
Severe floods are expected on China's Yangtze River this year due to a strong El Nino weather pattern, state media said, raising the risk of deaths and damage to…
Schlumberger, Cameron Merger Complete
Schlumberger Limited (NYSE:SLB) announced today that it has closed its merger with Cameron International Corporation. As previously announced, each Cameron stockholder…
G E Shipping Acquires Product Tanker
The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of a Newbuilding Medium Range Product Tanker “Jag Punit” of about 49,700 dwt. The company had…
UNCTAD Launches Novel Maritime Country Profiles
A maritime country profile provides a basic snapshot of a country's situation regarding maritime transport and international trade, facilitating convenient cross-country comparisons.
Satisfactory 2015 results for DNV GL
In 2015, DNV GL delivered satisfactory financial results and increased its operating revenue by 8.2%. Group President and CEO of DNV GL Remi Eriksen highlights:…
Schlumberger Led Consortium Wins Malaysia Offshore Survey
Malaysia has opened an area of its offshore waters to the multi-client seismic model for the first time. The move is a result of a new initiative by Petronas to…
CMA CGM to Adapt its FAL 8 Service
In a continued effort to provide reliable and quality services in a complex environment, CMA CGM is pleased to introduce its new FAL 8 service rotation linking Asia to North Europe.
Houston First Port of Call for Asian Service
In anticipation of increased opportunities for inbound consumer goods and outbound industrial commodities, Maersk Line and Mediterranean Shipping Co. have joined…
G6 Alliance Announces Schedule Update Between Asia and Europe
Members of the G6 Alliance today announced additional void sailings within their Asia-Europe product to adjust to market demand. As the G6 Alliance continues to review its product profile…
First Saltie of 2016 Due for Port of Duluth-Superior
The first saltie of the 2016 season, the Albanyborg, is underway and expected to sail into the Port of Duluth-Superior this weekend. ETA is approx. 5 p.m. Sunday, April 3.
Bridge Overhaul for Washington State Ferries
Washington State Ferries (WSF) maintains the largest fleet of ferries in the United States, and the fourth largest in the world. With 23 vessels in operation and two more under construction, WSF transports over 23 million passengers and vehicles a year across 10 routes around the Puget Sound and San Juan Islands. WSF has decided it is time for a bridge update, returning to Furuno for its latest large-scale fleet modernization beginning with the Issaquah 130 Class.
Global LNG Prices Dip with Tender Transaction Levels
Asian spot prices for liquefied natural gas (LNG) slipped this week in line with transaction levels in a string of recently awarded tenders. LNG for May delivery…
This Day In Naval History: April 1
1893 - Navy General Order 409 establishes the rank of Chief Petty Officer. 1899 - A landing party of 60 men from USS Philadelphia (C 4) and a force of 100 friendly natives join 62 men from HMS Porpoise and Royal Isle in Samoa to establish order over Samoan throne. 1943 - USS Shad (SS 235) torpedoes and damages the Italian blockade runner Pietro Orseolo, shortly after the Italian ship reaches the Bay of Biscay and her escort of four German destroyers.
Crowley Continues Fleet Upgrade
Crowley Maritime Corp. is continuing to receive and place into service $32.7 million worth of new cargo carrying equipment. The latest additions include 325, 20-foot chassis and 440 generator sets (gensets) all of which should be received by the end of April and 600, 53-foot (102-inch wide) dry containers along with 400, 53-foot chassis, which are expected by the end of May. These arrivals follow 500…
Stena Weco Impulse Delivered from China
The chemical and product tanker Stena Weco Impulse, jointly owned on a 50-50 basis by Stena Bulk and the Danish Weco Group, has been delivered from the Chinese shipyard CSSC Offshore & Marine Engineering (CSSC OME) in Guangzhou. The IMOIIMAX tanker Stena Weco Impulse is the sixth in a series of 13 vessels ordered by Stena Bulk. She is now en route to several Indonesian ports where she will load vegetable oils after which she will sail to Barcelona and Rotterdam to discharge her cargo.
