Concordia Settles: $9.25m for Grounding
Concordia Maritime entered into a settlement agreement regarding a dispute associated with Stena Primorsk’s grounding in the Hudson River in December 2012. According to the settlement agreement…
Port of LA Imports Increase in April
Import cargo volumes at the Port of Los Angeles increased 4.7 percent in April compared to the same period last year while overall cargo volume for the first four months of 2016 has increased 8 percent compared to 2015. Total April 2016 volumes registered at 656,177 Twenty-Foot Equivalent Units (TEUs), a decrease of 1 percent compared to the same period last year. April loaded imports increased 4.7 percent to 343,574 TEUs. Loaded exports decreased 1 percent to 144,103 TEUs.
Four Patrol Boats Delivered in Nigeria
Four Damen SPa 1605 ballistic protected security patrol vessels have been delivered to C&I Leasing Plc, a player in the Nigerian offshore support vessel market. The patrol boats, which have already undergone sea-trials, will provide security patrol and escort services for LNG tankers calling in and out of the Nigerian LNG Bonny terminal. The 16-meter craft have aluminum hulls and GRP composite superstructures.
China: Stakeholders Should Manage S.China Sea Differences Constructively
China and the United States should manage their differences over disputed waters in the South China Sea constructively, one of China's top military officials has said.
Asia-N.Europe Box Rates Sag Almost 5 pct
Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 4.7 percent to $606 per 20-foot container (TEU) in the week ended on Friday…
French CGT Oil Sector Workers to Join May Strike
French oil sector workers of the CGT trade union will join a national strike at refineries and other installations from May 17 to May 20 against a planned government reform of French labour law…
Hapag-Lloyd, Competitors Form New Pact
To fend against M2, newly forming Ocean Alliance is latest push for economies of scale groups. German container shipping firm Hapag-Lloyd has formed a new alliance with five Asian competitors…
Statsraad Lehmkuhl's 100th Visit to Lerwick Port
As part of a Whitsunday voyage from Bergen to Shetland, the crew and trainees will be treated to a celebratory welcome from harbour tugs Knab and Kebister when the…
Maersk Ships Set for Alang Recycling Yard
Following the Maersk Group’s recent announcement of its long-term commitment to create more responsible recycling options in Alang, India, an agreement has been…
Carriers Joining Forces in New Alliance?
Mitsui O.S.K. Tokyo, May 13, 2016 - Mitsui O.S.K. Lines (MOL, President & CEO: Junichiro Ikeda), Nippon Yusen Kaisha, “K” Line, Hanjin, Hapag-Lloyd and Yang…
Research Vessel Polarstern Returns to Bremerhaven
Antarctic season ends in the homeport after half a year Bremerhaven / Germany, 11 May 2016. on Wednesday, 11 May 2016, the research vessel Polarstern is expected…
Vard to Build Two Cruise Ships
The subsidiary of Fincantieri Vard Holdings Limited (Vard) has signed a letter of intent with an international shipping company for the design and construction of two ships from small cruise.
Conrad Declares Dividend
Conrad Industries, Inc. which provides both repair and new construction services at its five shipyards located in southern Louisiana and Texas, announced today that…
Senate Approves Strong Funding for USACE
The FY ’17 Energy & Water Development (E&WD) and Related Agencies appropriations bill has been approved by the U.S. Senate in a 90-8 vote, significantly increasing…
Genting HK Orders 10 Cruise Ships Worth $4 bln
Genting Hong Kong, a unit of Malaysia's gaming giant Genting, is building 10 cruise ships worth 3.5 billion euros ($4 billion) in anticipation of higher demand from the Chinese market.
World's Biggest Cruise Ship Sets Sail
The world's largest cruise ship, Harmony of the Seas – which cost US$1 billion to build over 32 months – has been finished and was delivered to owner Royal Caribbean International.
Cheniere Appoints Jack Fusco as CEO
Jack Fusco was named chief executive and chairman of Cheniere Energy Monday, ending a leadership search that began after activist investor Carl Icahn ousted the company’s founder.
Japan in Race for Asian LNG Hub
Japan, the world’s largest buyer of liquefied natural gas is aiming to establish an international liquefied natural gas (LNG) trading hub by the early 2020s, according…
ASL Marine Secures New Contracts
Shipbuilder ASL Marine has secured a total S$156 million worth of contracts from its shipbuilding, shiprepair & conversion, shipchartering and dredging engineering divisions.
Halliburton Bags Maria Project Service Contract from Wintershall
Wintershall Norge AS has awarded a four-year service contract to Halliburton Norge AS to support its Maria Projects in the Norwegian Sea. The contract is effective…
