Great Lakes Limestone Trade Down 18% in July
Shipments of limestone on the Great Lakes totaled 3,348,040 tons in July, a decrease of 18 percent compared to a year ago, according to the Lakes Carriers’ Association (LCA). July’s loadings were also 14 percent below the month’s five-year average. Loadings out of U.S. quarries totaled 2.6 million tons, a decrease of 26 percent compared to a year ago., while shipments from Canadian quarries totaled 760,000 tons, an increase of 35 percent compared to a year ago, LCA said.
Rosneft Delivers First Gasoline Cargo to Asia-Pacific
Energy giant Rosneft said on Thursday its trading arm had delivered an inaugural gasoline cargo to the Asia-Pacific, marking what could be Russia's first foray into…
Crowley Wins LNG Supply Deal in Puerto Rico
Crowley Maritime Corp. said its liquefied natural gas (LNG) services group has been awarded a multi-year contract to supply containerized LNG from the U.S. mainland to Molinos de Puerto Rico, the Caribbean arm of Ardent Mills LLC, supplier of flour, wheat, corn and rice-based food ingredients. The contract was executed through Crowley’s subsidiary Carib Energy (USA) LLC, and includes both the supply and transportation of LNG.
Protea Developing Heavy Lift Cargo Cranes
Poland based Protea, supplier of offshore and marine lifting and mechanical handling equipment including cranes, winches and launch and recovery systems, is expanding its offering to also deliver heavy lift cargo cranes. Protea engineers are currently developing an all new, all electric cargo crane constructed from ultra high strength steel and will be available in a range of sizes from 60t to 500t (or even higher upon client request).
Converted OPVs Delivered to the Bangladesh Coast Guard
Fincantieri has delivered today at its shipyard in Muggiano, La Spezia the first two units part of the supply contract of four Offshore Patrol Vessels (OPV), to the Bangladesh Coast Guard (BCG), through the upgrading and conversion of the Minerva class corvettes, decommissioned by the Italian Navy. These are the Minerva and Sibilla vessels, renamed Syed Nazrul and Tajuddin, which have been retired from the national fleet in May 2015 and shortly after arrived at Fincantieri’s dock in Genova…
This Day In Naval History: August 4
1790 - The Revenue Cutter Service is established by Congress, authorizing the construction of 10 vessels to enforce federal tariff and trade laws and prevent smuggling. The service receives its present name, U.S. Coast Guard, in 1915 under an act of Congress that merges the Revenue Cutter Service with the Life-Saving Service, thereby providing the nation with a single maritime service dedicated to saving life at sea and enforcing the nation's maritime laws.
Storm Earl lashes Belize, Heads for Mexico
Tropical storm Earl whipped Belize with wind and heavy rain as it weakened, moving into Guatemala toward southeastern Mexico on Thursday after hundreds of people took shelter overnight. The U.S.
BMT Upgrades Its REMBRANDT Simulator
BMT Ship & Coastal Dynamics, a subsidiary of BMT Group Ltd, has announced new enhancements to its marine navigation and maneuvering simulator, REMBRANDT, used globally by pilot organizations, shipping companies, naval architects, civil marine engineers and port authorities. Separate controls for setting wind, wave and swell wave parameters have been introduced. By allowing independent control of these features…
Inmarsat Returns to Revenue Growth in Q2
British satellite operator Inmarsat reported a rise in revenue in the second quarter, more than reversing a dip in the first quarter, as its customers used its broadband…
Singapore Exchange Looks to Buy Baltic Exchange
Singapore Exchange Ltd (SGX) said it planned to offer 77.6 million pounds ($103 million) to buy London's Baltic Exchange and was seeking support from Baltic's shareholders for the deal.
FSL Trust: Yet Another Steady Quarter
FSL Trust Management Pte. Ltd. (“FSLTM”), as trustee-manager of First Ship Lease Trust (“FSL Trust” or “the Trust”) announced today that the Trust reported a stable…
Euroseas Newbuilding Program Update
Euroseas Ltd.announced that it has signed an addendum to its shipbuilding contract with YJZ yard for the construction of Kamsarmax vessel Hull Number YZJ 1153 scheduled…
MISC Reports Higher Profit Despite Revenue Loss
* Group revenue for the quarter and the 6 months period ended 30 June 2016, were lower than the corresponding quarter and 6 months period ended 30 June 2015. * Group…
Dual Coil Shooting Full-Azimuth Multiclient Acquisition in GoM
TGS and Schlumberger today announce commencement of the Dual Coil Shooting* multi-vessel full-azimuth acquisition Revolution XII and XIII surveys in the U.S. Gulf of Mexico.
Damen Optima Nozzle: A Boon for Inland Shippers
Damen Optima Nozzle is a big advantage for the North American inland shipping sector. The propeller nozzle developed and manufactured by Damen Shipyards Group's…
DNV GL’s Synergi Water with four Core Modules
The new release of DNV GL’s Synergi Water includes four modules that have previously been separately licensed. The addition of these modules – Unidirectional Flushing…
Navarino, Inmarsat Inks Fleet Xpress Deal
Navarino has entered into a new agreement with Inmarsat to integrate Fleet Xpress into Navarino’s existing service portfolio. Through the agreement, Navarino will bring more than 1…
Iranian Ports Not Affected by Sanctions
Managing Director of Ports and Maritime Organization (PMO) Mohammad Saeed-Nejad says the nuclear deal between Iran and P5+1 has removed all sanctions imposed on Iranian ports.
Brexit Impact on Shipping and Sea Trade in UK
Eversheds International says that UK trade would clearly be impacted by the Brexit vote. "We saw an immediate effect on currency and share prices, although there…
Brexit Implications for Global Shipping, Sea Trade
The buzzword for the post-Brexit landscape both in Europe and further afield is ‘uncertainty’. No-one really knows the long term effect that Brexit will have on local and global economies…
