Ithaca GSA Satellites Acquisitions
Ithaca Energy Inc. has expanded its core position in the Greater Stella Area ("GSA"), with four agreements entered into for the acquisition of additional interests…
Danaos Reports Strong 1H
Danaos Corporation today reported unaudited results for the period ended June 30, 2016. * Adjusted net income1 of $47.7 million, or $0.43 per share, for the three months ended June 30…
KR Opens Opens New BWMS Testing Facility
The Korean Register (KR) – an IACS member classification society – has announced that it has significantly expanded its land-based test facilities for Ballast Water…
NYK Hosts Fleet Safety Promotion Conference
Over three times in July, NYK hosted safety promotion conferences for shipowners and ship-management companies at the NYK head office in Tokyo and at Imabari city in Ehime prefecture.
APL Extends West Coast 5 Service
APL announced today that its West Coast 5 (WC5) service will be serving the additional ports of Corinto, Acajutla and Puerto Quetzal in Central America, enhancing…
James Fisher Buys Lexmar
James Fisher has acquired the entire share capital of Lexmar Engineering Pte Limited and Lexmar Sat Systems Pte Limited (together 'Lexmar'). Lexmar, which was founded…
Thornico Enters Dry Bulk Shipping
THORNICO launched its newest player on the shipping market, the dry bulk carrier Thorco Bulk. THORNICO already owns the project oriented carrier Thorco and with…
GAC EnvironHull a big hit with Rotterdam Port
Europe’s largest port is the latest to allow the GAC EnvironHull’s eco-friendly hull cleaning system to operate in its waters. The launch of HullWiper at Rotterdam…
M&A Deals Change the Landscape in the Container Ports Industry
Softening demand growth coupled with larger liner shipping alliances and bigger ships is moving the container ports industry towards a value sector from growth sector…
Hapag-Lloyd Begins Training Programs
Sixty-four young men and women started their careers at Hapag-Lloyd on yesterday (August 01). Chief Executive Office Rolf Habben Jansen warmly welcomed the new apprentices…
Seacor Misses on Revenue
For the quarter ended June 30, 2016, net loss attributable to Seacor Holdings Inc. was $55.2 million ($3.26 per diluted share). For the six months ended June 30…
Kali Acquires Florida Marine Power Company
Kali, Inc. has completed its acquisition of Florida Marine Power Company, a marine mechanical repair, maintenance and engine installation company. Kali acquired…
Japan Slams China Over Maritime Issues
Japan has accused China of being assertive over maritime issues, taking actions that effectively amount to a "fait accompli", reports Strait Times. In its 484-page…
China Clarifies Maritime Jurisdiction
The Supreme People's Court (SPC) on Tuesday issued a regulation of judicial interpretation to clarify China's jurisdiction over its territorial seas, reports Xinhua.
STX Heavy Under Rehabilitation Process
The Seoul Central District Court begins a rehabilitation process for STX Heavy Industries Co, after the financially strapped company applied for protection late last month, reports Yonhap.
Subsea Cables Protected with Virtual Tech
New York Power Authority (NYPA) had a costly and environmentally charged problem. Twice in a decade (in 2004 and 2014) a commercial tugboat dropped anchor and damaged one of its submerged power cables, a critical 7.5 mile stretch of four cables, part of its Y-49 transmission circuit in the Long Island Sound. The cables are buried 10 ft. deep under the Long Island Sound, and the repair process is time-consuming and costly…
Subchapter M: Slow Walking the Inspection of Towing Vessels
On June 20, 2016, the U.S. Coast Guard promulgated its long awaited or dreaded (depending on your perspective) final rule regarding inspection of towing vessels. The new regulations, which will enter into effect on July 20, derive from a 2004 legislative amendment which added towing vessels to the list of ‘vessels subject to inspection’. That statute also authorized regulations to establish a safety…
Brunswick’s All New 1100 IMPACT D-Collar
At a trade event held in Baltimore, MD, Brunswick unveiled its most exciting hull to date. First on board to test drive the new vessel was Marine News Editor Joe Keefe.
Revised PREP Guidelines: What You Should Know
On April 11, 2016 the U.S. Coast Guard (USCG) released the revised 2016 National Preparedness for Response Exercise Program (PREP) Guidelines. The new guidelines will become effective on June 10, 2016. Established under the Oil Pollution Act of 1990, the PREP guidelines were developed to provide a mechanism for compliance with the vessel response plan (VRP) drill and exercise requirements. Use of the PREP Guidelines is voluntary…
Economics, Efficiency & Emissions Drive Effective Choices
Louisiana-based Karl Senner widens its propulsion solutions toolkit with two options, both designed to provide economics, efficiencies and lower emissions. In the…
