Italy Recovers 217 Bodies from Migrant Shipwreck
Italian emergency workers have recovered 217 bodies from the wreck of a boat that sank in the Mediterranean in April 2015, killing some 500 migrants, the Navy said on Thursday.
Higher Panamax Demand Boosts Baltic Index
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday on increased demand for panamax vessels. The overall index…
General Dynamics Bags US Navy's VPM Contract
General Dynamics Electric Boat has been awarded a $116 million contract modification for the continued development of the Virginia Payload Module (VPM). Electric…
GPA Awarded $44M Grant
The Georgia Ports Authority has received a $44 million Fixing America's Surface Transportation (FAST) grant from the U.S. Department of Transportation to increase…
NOIA’s Luthi Testifies at House Natural Resources Subcommittee Hearing
NOIA President Randall Luthi released the following statement after providing testimony today before the House Committee on Natural Resources Subcommittee on Energy and Mineral Resources on H.R.
TGS Provides Second Quarter Update
Based on preliminary reporting from operating units, TGS management expects net revenues for the second quarter of 2016 to be approximately USD 114 million. Multi…
Scorpio Tankers Receives Commitment for Loan Facility
Scorpio Tankers Inc. announced that it has received a commitment for a loan facility up to $300 million from ABN AMRO Bank N.V., Nordea Bank Finland plc, acting through its New York branch…
Keppel Secures Marine Projects worth S$120 mln
Keppel Offshore & Marine Ltd (Keppel O&M)'s wholly owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard) has secured four contracts worth a total of about S$120 million from repeat customers.
Damen Completes Thor Facelift
The DP1 jack-up vessel Thor owned by the DEME Group has completed a short stay at Damen Shiprepair Dunkerque (DSDu). During her time at the yard her hull was repainted…
FAST Act Grant Awards Announced
The U.S. Department of Transportation (DOT) has announced 18 proposed grant awards for projects under the Nationally Significant Freight and Highway Projects Program.
Shipping is the Least Optimistic Segment in Transportation
Shipping is the least optimistic industry within the transport sector, by a significant margin, according to the seventh The way ahead Transport survey from global law firm Norton Rose Fulbright.
China and India Key Markets for Transportation
The transport sector is looking to Asia Pacific as the key market for investment over the next five years, according to the seventh The way ahead Transport survey…
DNV GL, South Korean Yards Kicks off Standardization
The first phase of a joint industry project (JIP) to promote a global standard for engineering and construction of offshore oil and gas installations has delivered four recommended practices (RPs).
Dispute Resolution Clauses - BIMCO
A new edition of BIMCO’s Dispute Resolution Clause has been published. New wording has been added to the US law, New York arbitration option to ensure that non-maritime…
CargoSmart Partners with Ningbo E-port for SOLAS VGM
The Port of Ningbo has integrated CargoSmart’s software for shippers and forwarders to meet new container weight requirements with its electronic platform for exchanging…
Rotterdam Unions, Container Firms Reach Deal on Job Security
The trade unions FNV and CNV Vakmensen, the Rotterdam container companies and the Port of Rotterdam Authority concluded consultations on employment in the container industry.
Swedish Club Alerts on Black Sea Ports, Russia
In view of the beginning new 'grain' season in Russia and the expected considerable export volume of grain cargoes this year there will be an increase of the vessel…
Norway Oil-well Service Workers Agree Wage Deal, Avoid Strike
Norwegian oil-well service workers and their employers signed a new wage deal late on Thursday, avoiding a strike, said the Norwegian Oil and Gas Association (NOG), which represents employers.
An Expanded Canal Means and Expanded Economy
Just two weeks ago, the world watched as the first commercial vessel, M/V COSCO SHIPPING PANAMA, successfully navigated the Panama Canal’s new expanded locks. The inaugural event was broadcast live to a worldwide audience as the Panamanians in attendance cheered and waved flags in celebration of their country’s newest engineering marvel. Along with numerous heads of state and with representatives from many nations…
Submarine Pietro Venuti Delivered to Italian Navy
The newly built submarine Pietro Venuti was delivered at Fincantieri’s shipyard of Muggiano, La Spezia. It is the third of the U212A Todaro class, a series of four sister units which the Central Unit for Naval Armament – NAVARM has ordered to Fincantieri for the Italian Navy. Pietro Venuti, as its twin unit Romeo Romei, launched last year in the shipyard of Muggiano, features innovative technological solutions and is entirely built with amagnetic material…
