CCS is Authorized RO for Maritime Cook Islands
Maritime Cook Islands (MCI) has authorized the China Classification Society (CCS) as a Recognized Organization (RO), to conduct survey and certification of ships flying the Cook Islands flag.
Vard Bags Electrical Work for UK Polar Research Ship
Vard Holdings Limited's subsidiary Vard Electro AS has secured a contract for the delivery of an engineering and electrical installation package for U.K.’s new $290…
OEM Bags £1m Go Marine Fleet Deal
OEM Group has secured a two-year contract worth up to £1 million with Go Marine to deliver engine support services to its fleet of vessels operating across the world for the oil and gas industry.
Global Maritime's Warranty Services for Block Island Wind Farm
Global Maritime Consultancy & Engineering has signed a contract with leading offshore wind developer Deepwater Wind to provide marine warranty services for the Block Island Wind Farm…
Q88 LLC Expands Milbros Onboard Services
Q88 LLC introduced a global support program that coordinates quick response and expert consultation for chemical spills/incidents and medical emergencies occurring onboard vessels at sea.
Moody's confirms Teekay's B3 CFR; Changes Outlook to Stable
Moody's Investors Service confirmed the ratings of Teekay Corporation ("Teekay", or "Parent"): Corporate Family Rating ("CFR") at B3 and senior unsecured debt rating at Caa1.
Neches River Traffic Restricted due to Sunken Boat
Vessel traffic on the Neches River is restricted as a result of a shrimp boat that sank Monday morning. At approximately 3 a.m., the Captain Kevin sank in the Neches River…
Road Ahead for India's Logistics Industry Post WB Report
India’s position to 35th rank in the latest bi-annual World Bank Logistics Performance Index (LPI) report will open many corridors of opportunities as industry will…
DCMA to continue Organizing Anchorage of Maritime Crafts in Dubai
Dubai Maritime City Authority (DMCA), the government authority charged with regulating, coordinating and supervising all aspects of Dubai’s maritime sector, revealed…
Asia Pushes LNG as a Bunker Fuel
An increasing number of ships and vessels are using liquefied natural gas or LNG as a clean fuel to comply with the regulations laid by the International Maritime…
Selling Pmax Time Value To Buy Cape Volatility
With implied volatility in the Capesize sector being historically higher than that of the Panamax, this note observes and highlights their behavioral patterns (via the spread) after an expiry…
Paragon Shipping to Counter Downturn
Paragon Shipping Inc is at cyclical lows, as the entire drybulk shipping sector has suffered and, along with the container and LNG sectors. Michael Bodouroglou, Founder…
Shortages of Bulk Cargo in Vietnamese Ports
Claims for shortage of bulk cargoes have become common in some Vietnamese ports and can lead to the arrest of the vessel by the receivers, says Gard Alert. Two of…
A Tale of Two Trades
Downsizing of capacity on the Asia-ECSA trade has paid dividends to carriers with much improved freight rates; why isn’t the scalpel also being used on other routes?
Maersk Line Mulls India-East Africa Business with Mawingu Express
The Mawingu Express, Maersk Line's direct service from India to Kenya, offers the fastest transit times in the market and better port coverage to bring clients closer to East Africa…
This Day In Naval History: July 11
1798 - President John Adams signs an act that reestablishes the Marine Corps under the Constitution. The following day, Maj. William W. Burrows is appointed Commandant of the Marine Corps. 1918 - Henry Ford launches the first of the 100 intended Eagle boats. These boats have a solid cement bow, especially built for ramming and sinking submarines. Note, production is halted after (PE 60), though some of the boats continue to serve as training and transport vessels until 1947.
MacGregor Hatch Covers Continue Japanese Win Streak
MacGregor, part of Cargotec, has signed a contract for the design and delivery of key components and the fabrication of steel structures for the hatch covers on board five 14…
INTERSCHALT Shuffles Executive Management
INTERSCHALT maritime systems GmbH, a provider of maritime software for cargo operations and fleet management, NavCom services and manufacturer of VDR systems, announced…
Libya Govt in Talks to Reopen Two Major Oil Ports
Libya's U.N.-backed government in Tripoli is in negotiations with an armed brigade controlling two main oil ports to reopen the terminals and lift a force majeure to restart exports…
Suexmax Tanker Delivered to NAT
Nordic American Tankers Limited (NAT) has taken delivery of a Suezmax vessel, the Nordic Pollux, built at a Japanese shipyard. Nordic Pollux is the final of four…
