MarAd Stresses Economic Impact of Shipyard Jobs in NE
In comments before the international Tradewinds Ship Owners Forum in New York City, Maritime Administrator Paul “Chip” Jaenichen highlighted the more than 42,700 jobs, $3.6 billion in labor income and $4.78 billion in GDP associated with employment for shipbuilding and repair in the northeast region. “American shipyards provide a dependable, highly trained workforce that produce, repair and maintain some of the world’s most modern and innovative vessels.
Capsized Migrant Boat: Egypt Arrests Crew Members
Egyptian authorities have arrested four crew members of a boat carrying almost 600 migrants which capsized off Egypt's coast, killing at least 43, judicial sources said on Thursday. The boat sank on Wednesday in the Mediterranean off Burg Rashid, a village in Egypt's northern Beheira province where the sea and the Nile meet. Rescue workers have so far saved 169 people, which means the death toll could hit several hundred.
VULKAN Couplings at SMM
Buoyed by encouraging response at the international maritime trade fair SMM in Hamburg, VULKAN Couplings prepared interesting impressions from the booth and the…
Shipping Partnerships Create Economic Opportunity in Everett
Every month Eastern Car Liner (ECL) loads aerospace containers for transport back to Japan to be reloaded with new airplane parts. Typically, this is the only cargo…
IOC Eyes GSPC's Stake in Mundra LNG terminal
Indian Oil Corp. Ltd (IOC) wants to buy debt-laden Gujarat State Petroleum Corp.’s (GSPC) entire stake in the in the under-construction Rs 4,500 crore ($672 million)…
Daintith Named CFO, Rolls-Royce
Rolls-Royce announced that Stephen Daintith has been appointed Chief Financial Officer and as an executive director of Rolls-Royce Holdings plc. Stephen will take up his new role in 2017…
Wärtsilä Nacos Platinum for Four Cruise ships
Wärtsilä has been awarded the contract to supply a broad range of integrated automation, navigation and dynamic positioning equipment, as well as the complete uninterruptable…
Submarine Optical Fibre Cable to Link Andamans, Mainland India
India's government has decided to build a submarine cable between the city of Chennai and the Andaman & Nicobar Islands, which is about 200km east of India, way out in the Bay of Bengal.
China COSCO Shipping Not to Hike Freight Rates
China COSCO Shipping will not raise its shipping prices as it had planned, reports Caixin quoting shipping agency representatives at Shanghai’s port. The shipping…
ABTO Warns of Liquefaction Problems at Terminals
The Association of Bulk Terminal Operators has warned that cargo liquefaction – an issue commonly associated with the seaborne transportation of unprocessed mineral…
Two VARD Module Carrier for Topaz Energy and Marine
Vard Holdings Limited has secured a contract for the design and construction of two additional Module Carrier Vessels for Topaz Energy and Marine (“Topaz”). The vessels…
Port of Va. Signs Long Lease for International Gateway
Governor Terry R. McAuliffe on Wednesday announced that The Port of Virginia has signed a new, long-term lease for Virginia International Gateway (VIG) that clears…
Crowley Awards Scholarships to Four Cal Maritime Students
Crowley Maritime Corp. presented four California Maritime Academy (CMA) students with Thomas B. Crowley Sr. Memorial Scholarships during last night’s Containerization…
Hanjin Gets $45 Million Credit Line From KDB
Korea Development Bank has offered a conditional credit line of 50 billion won ($45 million) to help ease supply-chain disruptions caused by the collapse of Hanjin Shipping Co…
Germany's DST Bags IWAI Contract for Designing Special Vessels
With its objective of providing safe, environment friendly and economical mode of transportation through National Waterway-1 (NW-1), the Inland Waterways Authority of India (IWAI)…
IMO Joins Kenya’s World Maritime Day Celebrations
Kenya has marked this year’s WorldMaritimeDay with celebrations held in Mombasa, Kenya (20 September). International Maritime Organization (IMO)’s Juvenal Shiundu…
Maersk to Split Into Two Divisions
It's oficial now. Danish conglomerate A.P. Moeller-Maersk A/S said Thursday it is splitting into two separate units - transport and energy businesses. Denmark’s…
Little Rock Port Authority Reports August Shipping
Total barge tonnage through the Port of Little Rock in August was 57,000 net tons. Dock activities continue to compare favorably to calendar year 2015 as Logistic Services, Inc.
FSI: Two New Products to Find, Recover Autonomous Assets
Falmouth Scientific, Inc. These are small, lightweight, battery-powered, intelligent devices that can be mounted directly on AUVs, Gliders, or other underwater equipment for recovery after their mission duration has elapsed. Multiple user-programmable settings allow for selection of delay, timing, flashing, and frequency options which enable use in a variety of different applications. The Stand-Alone Flasher uses high power…
Oil up 2%
Oil prices were up as much as 2 percent on Wednesday after a third surprise weekly drop in U.S. crude stockpiles helped assuage fears over a global oil glut. Oil…
