Eastern Delivers 63rd Towboat for Florida Marine
Eastern Shipbuilding Group, Inc. delivered the M/V Lawrence Campbell (Hull 193) on April 12, 2016, the 63rd 90-foot inland towboat to Florida Marine Transporters, LLC of Mandeville, La., continuing its ongoing newbuild program. It was in early 2015, when Florida Marine Transporters, LLC signed an additional towboat, bringing the total to 65 vessels contracted over the last 10 years. Five of the most recent 90-foot inland towboat deliveries to Florida Marine occurred over the past 12 months.
Harkand North America Salvaged by MBO
A team led by AJ Jain, Harkand North America Managing Director, has agreed to a management buyout (MBO) of Harkand’s North American and African business. The new company…
US Aims to Recover El Faro VDR in Next Few Months
The U.S. National Transportation Safety Board hopes to recover the voyage data recorder from the cargo ship El Faro, which sank during a hurricane killing all 33 crew on board…
Two New Tugs Built for TNPA
The South African government’s Operation Phakisa: Oceans Economy initiative has yielded more results with the ceremonial launch of two more tugboats built for Transnet National Ports Authority (TNPA). The two tugs – named Qunu and Cormorant – form part of TNPA’s R1.4 billion contract awarded to Durban ship builder, Southern African Shipyards. It is the largest single contract TNPA has ever given to…
China: S.China Sea Criticism Could Have Ramifications
International criticism of China over the disputed South China Sea will rebound like a coiled spring, a Chinese diplomat said on Friday, as a U.S. warship visited…
Ships Idled as Greeks Strike Again
Policy reforms required to meet bailout terms; parliament expected to measures on May 8. Greeks started a 48-hour nationwide strike on Friday in anger at tax and…
Asia-N.Europe Box Rates Dive 13 pct
Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 13.1 percent to $636 per 20-foot container (TEU) in the week ended on Friday…
UK Ship Named for BBC Naturalist, but Boaty McBoatface Lives On
A new 200 million pound ($290 million) polar research ship is to be named after veteran BBC naturalist David Attenborough but the government promised on Friday that "Boaty McBoatface"…
Evergreen Holding Group May Miss Bond Payment
Evergreen Holding Group, an unlisted company that specialises in building boats, issued a warning on Friday that it may have trouble making coupon and interest payments on a bond maturing on May 15.
Italy Rescues Nearly 1,800 Migrants in Mediterranean
Italian vessels have helped rescue nearly 1,800 migrants from boats trying to reach Italy from north Africa in the last 24 hours, the navy said on Friday, indicating…
Navy to Christen Littoral Combat Ship Manchester
The Navy will christen its newest Independence-variant littoral combat ship, USS Manchester (LCS 14), during a 10 a.m. CST ceremony Saturday, May 7 in Mobile, Alabama.
BSEE, USCG on Sharing Information, Jt Ops
Bureau of Safety and Environmental Enforcement (BSEE) Director Brian Salerno and U.S. Coast Guard Rear Admiral Paul Thomas participated in a luncheon panel discussion…
Gazprom Wins Green Development – Evolution Awards
Gazprom was announced the winner of the All-Russian Green Development – Evolution Awards 2016 in the Best Green Tech Solution category. The award was presented by…
MHIA Relocates to Houston
Today Mitsubishi Heavy Industries America, Inc. (MHIA), a Group company overseeing the business of Mitsubishi Heavy Industries, Ltd. (MHI) in North America, commenced…
Australia Orders Replacement Replenishment Ships
The Government has signed contracts with Navantia S.A. to build Australia’s two replacement replenishment ships, avoiding a critical capability gap. Australia’s…
MOL Launches Coastal LNG Transport in Indonesia
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) today teamed up with a local partner in Indonesia, PT Pelindo Energi Logistik (PEL; President Director…
EU Shipowners Want Progress at Alang Shipbreaking to Be Rewarded
Ship recycling practices in Alang, India, are gradually improving. The European Commission should acknowledge this positive development under the EU Ship Recycling Regulation.
Norwegian Cruise Line, EMC Ink Internet Deal
EMC has entered a long-term strategic agreement with Norwegian Cruise Line Holdings to deliver a faster Internet experience and premium entertainment over satellite…
Recent Strength in Dry Bulk Shipping to be Short-Lived
Drewry forecasts dry bulk freight rates in 2016 will be, on average, lower than in 2015, as the medium-to-long term fundamentals for dry bulk shipping will remain challenging…
McDermott Wins Contract in Arabian Gulf
McDermott International Inc. received three separate engineering, procurement, construction, and installation (EPCI) projects in multiple Arabian Gulf fields. The…
