Baltic Index Declines on Weaker Demand for Larger Vessels
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Monday on sluggish demand for panamax vessels, partially…
New Rules for Ballast Water Management in Australia
Since July 2001, all ships entering Australian ports or waters from overseas have been subject to Australia’s national ballast water management requirements. These…
New Tug Equipped for US Tonnage Boom
Petchem, Inc. has taken delivery of its new Farrell & Norton 80’ 5,000HP ASD tug from Gulf Coast Steel Boat Builder’s in Bayou La Batre, Ala. Petchem’s new vessel and equipment help prepare East Coast ports for the increased tonnage coming through the canal in the near future. In order to better handle larger containerships calling ports on the U.S. East Coast, the tug features a new Container Master Series winch from JonRie Marine Winches.
South Africa arrests Chinese ships for illegal squid fishing
South Africa's navy has detained three Chinese ships with around 100 crew on board on suspicion of illegal squid fishing, officials said on Monday. The ships were…
Russian Shipbuilder Wins $1 bln Iran Oil Rig Deal
Russian shipbuilder Krasnye Barrikady has been awarded a near-$1 billion contract by Iran to build five offshore drilling rigs for use on Iran's part of the Gulf shelf…
General Dynamics Bags $ 47 mi US Navy Contract
General Dynamics Information Technology, a business unit of General Dynamics (NYSE: GD), was awarded a contract to provide information technology services and security…
Scandlines’ Hybrid Ferry in Operation
On Monday 23 May 2016, Scandlines’ new hybrid ferry, M/V Berlin, will for the first time carry passengers when it departs from Rostock towards Gedser at 06:00. Scandlines…
NASSCO Delivers Second ECO Tanker to APT
On Thursday, May 19, shipbuilders at General Dynamics NASSCO delivered the Magnolia State to longtime customer American Petroleum Tankers (APT). The ECO Class tanker…
After Paris, A Move to Rein In Emissions by Ships
As the world moves to slash CO2 emissions, the shipping and aviation sectors have managed to remain on the sidelines. But the pressure is now on these two major…
BW LPG Registers 10% Growth in VLGC Fleet
Less domestic petrochemical consumption of LPG would be positive for VLGC shipping as it would result in a greater surplus of LPG available for export. However,…
Nigeria: What are the Implications for Tanker Demand?
Nigeria’s crude oil production and exports have been hit by severe outages as a result of attacks on oil infrastructure by rebel fighters in the Niger River Delta.
Maybulk on Selling Spree
Malaysian Bulk Carriers Bhd (Maybulk) is said to be putting two more vessels up for sale, says The Edge, a local media. This comes on the heels of reports that it…
Phaethon Takes Diana Panamax on Timecharter
Phaethon International has chartered a panamax bulk carrier Which is owned by the Greek shipping Diana Shipping on for up to eight months with a daily rate of US $ 5…
