Baltic Index Rises on Stronger Capesize Demand
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Wednesday on stronger demand for capesize vessels.
Havila Shipping CEO: Firms Must Fix Own Issues before Discussing M&A
"We're familiar with the thinking of other industry players," he said. Saevik said Havila's restructuring talks are still ongoing and declined to comment on remaining issues in restructuring process. On Tuesday, two of Havila's competitors, DOF and Solstad Offshore announced restructuring plans to prepare themselves for more market headwinds and for potential consolidation. Shares in Havila are down 77.5 percent over the past year, against a drop of 4.7 percent for the Oslo benchmark index.
Chain Tensioning, Cutting Completed for FPSO Turritella
InterMoor said it has completed the final tensioning and chain cutting operations on the FPSO Turritella for the Shell Stones project, located in the Walker Ridge protraction area in the Gulf of Mexico (GoM). The FPSO Turritella will connect to subsea infrastructure located beneath approximately 9,500 ft (2,896 m) of water, breaking the existing water depth record for an oil and gas production facility.
Iran Halts LPG Exports to Japan
Iran said on Wednesday it had stopped exports of liquefied petroleum gas (LPG) to Japan, but there were other customers available to buy the Islamic republic's LPG…
Refiners Cold, Oil Unsold amid Nigerian Chaos
Refineries from India to the United States are backing away from buying Nigerian oil amid heightened uncertainty about deliveries as the country squares up to militants in the restive Delta region.
USN's Oceanography Warrant Officers to Make a Return
The Navy is bringing warrant officers back to Naval Oceanography in 2018 after a 28-year hiatus. In late March, the Navy Personnel Command released the message, NAVADMIN 079/16…
McClain Appointed MD of Braemar Engineering
Braemar Shipping Services Group PLC is pleased to announce that Sheila McClain, Executive Vice President of Braemar Engineering, has been appointed Braemar Engineering's new Managing Director.
Damen Introduces New Range of Naval Multi-Role Auxiliary Vessels
During the Oceanographic Survey Vessel Conference in London, Damen Shipyards Group announced the introduction of a new range of Multi-Role Auxiliary Vessels (MRAV).
Three Engineers Win DNV GL Award for Young Professionals
DNV GL has honoured three engineers for their scientific research with the DNV GL Award for Young Professionals. Presented by DNV GL – Maritime CEO Knut Ørbeck-Nilssen at the Posidonia trade fair…
Mid-winter Air drop for Australian Antarctic Division
A Royal Australian Air Force C-17A Globemaster III strategic transport aircraft from Number 36 Squadron has successfully performed an air drop mission over Antarctica…
CMA CGM's Bid for NOL Open Until July 4
CMA CGM has finally made its all-cash voluntary conditional general offer for all the outstanding shares of Neptune Orient Lines (NOL). This follows approvals by…
Otto Marine Gets Acquisition Offer
After last week's media reports that an undisclosed party was looking to buy Singapores offshore marine company Otto Marine Limited, the company said that it received…
DP World Wins New $1bln Port Project in Ecuador
DP World has won a 50 year concession for the development of a greenfield multi-purpose port project at Posorja, Ecuador, 65 kilometres from the country’s main business city of Guayaquil.
Iran Strikes $2.4bn Ship Order with Korea
Iran has placed orders worth around $2.4 billion with South Korean shipyards for the construction of ships to carry Iran’s oil and petrochemical products, The Wall Street Journal says.
Indonesia to Sink 30 Illegal Fishing Boats
Indonesian Maritime Affairs and Fisheries Minister Susi Pudjiastuti has said Jakarta was ready to sink 30 foreign-flagged vessels caught fishing illegally in Indonesian waters…
DNV GL, Tsakos Join Forces on Cyber Safety
The Tsakos Group of Companies has selected DNV GL to assist in preparing a cybersecurity management system for its fleet and onshore facilities – the first such…
2M Sets Out its Stall: Drewry
New Asia-North Europe network from 2M carriers puts emphasis on reliability and faster transit times. Is this the template the other alliances will copy? 2M carriers…
EMC VSAT Service for Seven GulfMark PSVs
EMC has taken orders to supply VSAT equipment and services for seven platform supply vessels in the North Sea as part of a four-year fleet agreement with GulfMark (Norway).
Seaward Services Concludes 15-year Westpac Express Work
Seaward Services, an HMS Global Maritime company, recently marked the end of a 15-year working relationship with Austal on the Westpac Express project. Seaward Services…
BSEE Evaluates Oil Spill Response Exercise
Engineers and analysts from the Bureau of Safety and Environmental Enforcement's (BSEE) Gulf of Mexico and Alaska Regions recently evaluated Spill Response Operations Training and Equipment Verification exercises conducted by the Tennessee Gas Pipeline Company and its oil spill removal contractor at the Port of Morgan City, La. These exercises are required periodically to test spill response team training and resource availability, as part of each operator’s Oil Spill Response Plan.
