Fitch Upgrades Palm Beach Port's Bond Outlook to Positive
The Port of Palm Beach District is proud to announce that Fitch Ratings has revised the Rating Outlook on approximately $9.72 million of outstanding Port of Palm Beach District port revenue bonds…
Rickmers Acquires Nordana Project
Rickmers-Linie, the Hamburg based liner service specialist for breakbulk, heavy lift and project cargoes takes over the activities of tramp and chartering specialist…
Höegh LNG Partners Sinks to Loss in Q1
Höegh LNG Partners LP in their Preliminary Financial Results for the Quarter Ended March 31, 2016 reported a net loss of $1.0 million for the first quarter of 2016…
G E Shipping delivers Crude Carrier “Jag Laxmi” to Buyers
The Great Eastern Shipping Company Ltd. (G E Shipping) delivered its 1999 built Aframax Crude Carrier “Jag Laxmi” to the buyers. The vessel was contracted for sale in April 2016.
The Dry Bulk Market Will Become Profitable in 2019, If …
The dry bulk market could become profitable again in 2019 – but only if a series of extremely tough and sustained measures are taken by shipowners, year on year.
Steady as She Goes
Ahead of the Panama Canal expansion two alliances have announced they will upsize some of their ships on the Asia-US East Coast route. How quickly will the others follow?
Canadian Submarine HMCS Chicoutimi Gets Ready
The Canadian navy's British Columbia-based HMCS Chicoutimi will be operational by early next year, says a report by Canadian Press. Vice-Admiral Mark Norman said…
Russian Navy Launches Varshavyanka-class Sub
The sixth diesel-electric submarine for Russia's Black Sea fleet was launched Tuesday at a shipyard in St. Petersburg, says Russian News Agency TASS . The Varshavyanka-class sub…
Scientists Slam BC LNG Proposal
International climate scientists are calling on the Canadian government to reject a proposed liquefied natural gas project by Petronas-backed Pacific NorthWest LNG in British Columbia…
Golar LNG Hit by Weak Market
Oscar Spieler-led LNG shipowner Golar LNG Ltd. (GLNG) on Tuesday reported a loss of $80.1 million in its first quarter. The results did not meet Wall Street expectations.
Dubai Eyes 1 Million Cruise Tourists
Dubai plans to build a marina for luxury yachts in response to high demand as the emirate is targeting one million cruise passengers per year by 2020, said Sultan Ahmed bin Sulayem…
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