More Chinese Ships to Use Arctic Route
China will send more ships flying its flag to take the Northwest Passage via the Arctic Ocean to cut travel times between the Atlantic and Pacific oceans, says the state news agency Xinhua.
HMM May Hire Foreign CEO for Revival
Hyundai Merchant Marine (HMM) will start the process to appoint a new chief executive officer (CEO) when Hyundai Group loses control on Aug. 5, reports Korea Times quoting un-named industry sources.
MPA Launches Inaugural Maritime Youth Festival
Senior Minister of State, Prime Minister's Office, Ministry of Foreign Affairs & Ministry of Transport, Mrs Josephine Teo officially opened the inaugural Maritime Youth Festival (MYF).
South Korea Mulls LNG Bunkering Hub
A group of South Korean companies including shipbuilders have come together to establish an association dedicated to developing liquefied natural gas (LNG) bunkering…
Slippery Orders in Ship Building
The situation of the shipyards in the world and in particular the struggles of the Korean shipbuilding industry has received a fair amount of attention in the shipping press…
Bahri Agrees with APICORP Launch $1.5B VLCCs Fund
National Shipping Company of Saudi Arabia (Bahri) said on Sunday it signed a deal with Arab Petroleum Investments Corp. (APICORP) to launch a $1.5 billion investment…
Earthquake Measuring 5.0 Rattles Tokyo, Eastern Japan
An earthquake with a magnitude of 5.0 struck eastern Japan on Sunday and shook buildings in Tokyo, officials and witnesses said, but there was no danger of a tsunami…
PDVSA seeks to Securitize Oil Services Debts
Venezuelan state oil company PDVSA is in talks with oil services companies to turn unpaid bills into financial instruments, a process known as securitization, its president…
Turkey Reopens Key Shipping Route After Coup Attempt
Turkish maritime authorities have reopened Istanbul's Bosphorus Strait to transiting tankers after shutting it earlier on Saturday for several hours following what…
BP Puts Tab for Gulf Disaster at $62 Bln
BP announced today that following significant progress in resolving outstanding claims arising from the 2010 Deepwater Horizon accident and oil spill, it can now…
NOIA Applauds Passage of House Interior Appropriations Bill
“NOIA applauds members of the House of Representatives for passing the first Interior and Environment Appropriations bill since 2009. Not only does the passage of the bill bring back regular order…
Biden Visits Stennis
Vice President Joe Biden visited the Sailors aboard USS John C. Stennis (CVN 74) July 14, while the ship and John C. Stennis Strike Group (JCSSG) were participating…
Oil Prices Rally after Turkish Military Takes Over
Oil prices extended gains in post-settlement trading on Friday after Turkey's armed forces said they had taken power in the country to protect the democratic order and to maintain human rights.
WFW Advises Teekay on Major Financing Initiatives
International law firm Watson Farley & Williams LLP (“WFW”) advised long-standing client Teekay on the successful completion of financing initiatives for Teekay…
Fathom to Focus on Student Education
Fathom is finalizing preparations for its July 17 Dominican Republic voyage representing the first ever cruise to the Caribbean focused on Science, Technology, Engineering and Math (STEM) programming.
Tighe Takes Charge of Information Warfare, Naval Intelligence
Vice Adm. Jan Tighe assumed the duties of the Deputy Chief of Naval Operations (DCNO) for Information Warfare (N2N6) and Director of Naval Intelligence (DNI) July 15 at the Pentagon.
Petrobras, SBM Offshore, Brazilian Authorities Reach Settlement
The Ministry of Transparency, Oversight and Control (Ministério da Transparência, Fiscalização e Controle - "MTFC"), the Public Prosecutor's Office (Ministério Público Federal - "MPF")…
Roll-Lift Appoints New Agent
Roll-Lift, the Heavy Lift Transportation Specialist based in The Netherlands has appointed Mr. Miguel Flórez de la Colina as their sole representative for clients based in Spain…
Japanese Shipbuilding Sliced
New ship orders placed at Japanese yards fell by 80% during H1 2016 compared to H1 2015, according to data from the Japan Ship Exporters' Association (JSEA). According to ALIBRA Weekly Market Report…
Royals on the High Seas!
Regent Seven Seas Explorer is billed as the most luxurious cruise ship in the world. Her Serene Highness Princess Charlene of Monaco took the role of godmother.
