Transocean Closes Acquisition of Transocean Partners
Transocean Ltd. announced the closing of the acquisition of Transocean Partners. Each outstanding public common unit of Transocean Partners was converted into the…
DIANA, Charter Contract with Koch for Newbuilding
Diana Shipping Inc. today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore…
Nautican Brings New Facility, Jobs to Summerside
A former Montague resident, Elizabeth Reynolds Boyd has always been looking for a way to give back to her home province. The respected naval architect and owner…
Brazil's EDPI Ship Repair Yard Project gets Funding Approval
At the 33rd ordinary meeting on Thursday, 1 December, the Board of Directors of the Merchant Marine Fund (CDFMM), at the Ministry of Transport, Ports and Civil Aviation in Brasilia (DF)…
SCI Led JV Takes Delivery of LNG Carrier “PRACHI"
A Joint Venture comprising The Shipping Corporation of India Ltd. (SCI), Nippon Yusen Kabushiki Kaisha (NYK), Mitsui O.S.K. Lines, Ltd. (MOL), Kawasaki Kisen Kaisha, Ltd.
New Course for Energy-Efficient Ship Operation
Maritime educators in China are the first to undergo a newly developed course designed to assist maritime training institutes to introduce the topic of energy-efficient…
Cosco Rolls Out Largest Semi-Submersible Ship
Breakbulk carrier COSCO Shipping has rebranded as COSCO Shipping Special Transport and launched its largest semi-submersible vessel to date, the Xin Guang Hua, reports Xinhua News Agency.
Nairobi: Understanding Wreck Removal
A meeting of salvage and wreck professionals in London, United Kingdom has been introduced to International Maritime Organization (IMO)'s Nairobi Wreck Removal Convention.
PPL Yards Not for Sale: SembMarine
Sembcorp Marine has denied the rumours that it was mulling the sale of all or part of subsidiary PPL Shipyard, according to a report in the Business Times. "Neither…
Combating Marine Litter
The effective implementation of IMO garbage regulations (MARPOL Annex V) on ships and in port reception facilities was the main focus of an IMO regional workshop…
HSH Preparing for Change of Ownership
HSH Nordbank is pushing ahead with the upcoming change of ownership; it is putting on a good performance in the Core Bank supported above all by the real estate…
India for Optimum Utilization of Shipping Sector
The Ministry of Shipping, India has prepared a Vision Document for “Coastal Shipping, Tourism and Regional Development” for optimum utilization of the shipping sector and coastal resources.
Tanker Operators Brace for OPEC Cuts
Tanker owners are bracing for a volatile year ahead after enjoying some of the highest charter rates since 2008, with OPEC plans to curb crude output potentially cutting rates by more than 40 percent. Fewer Middle East cargoes will mean lower freight rates for operators of very large crude carriers (VLCC), the biggest tankers in operation, which can carry 2 million barrels of oil and are used mostly by Middle East producers sending supplies to Asia.
New Patrol Vessel for PCG
The Philippine Coast Guard (PCG) has taken delivery of a new Japanese-built patrol vessel in Manila on December 8. The new vessel, Malabrigo (MRRV-4402), is the…
Injured RO/RO Crewman Rescued off Galveston
A U.S. Coast Guard helicopter crew medevaced a man after he was struck by a piece of machinery and suffered a deep laceration and possible fracture on his leg while…
US Navy Destroyer John Finn Delivered
The U.S. Navy has accepted delivery of future guided-missile destroyer USS John Finn (DDG 113) from shipbuilder Huntington Ingalls Industries (HII) on December 7, the 75th anniversary of the attacks on Pearl Harbor. HII’s Ingalls Shipbuilding division delivered the Arleigh Burke-class (DDG 51) guided missile destroyer DDG 113 after completing three sets of at-sea and in-port trials which proved the ship's operational readiness.
US Maritime Technology Export Initiative: Application Open
The Maritime Alliance (TMA) has partnered with the International Trade Administration, part of the U.S. Department of Commerce, to organize and partially fund an…
US Drillers Add the Most Oil Rigs Since July 2015
U.S. energy companies this week added the most oil rigs since July 2015, extending the seven-month drilling recovery as crude prices rose to a near 17-month high. Drillers added 21 oil rigs in the week to Dec. 9, bringing the total count up to 498, the most since January, but still below the 524 rigs seen a year ago, energy services firm Baker Hughes Inc said on Friday. Since crude prices briefly recovered from 13-year lows to around $50 a barrel in May…
New Dry Dock at BAE Systems’ San Diego Yard
A new 950-foot-long, 55,000-lifting-ton floating dry dock has arrived at BAE Systems’ San Diego shipyard as part of the company’s $100 million investment in the yard to service the anticipated increase of U.S. Navy ships on the West Coast. “We have made the strategic investment to meet the ship repair needs of the Navy,” said Joe Campbell, vice president and general manager of BAE Systems Ship Repair.
US Imports Up as Holiday Shopping Continues
Imports at the United States’ major retail container ports are expected to be up 3.2 percent this month over the same time last year as stores bring in the last of the merchandise for the holiday season, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “There’s still shopping to be done, and retailers are making sure the gifts that need to be under a tree are waiting on the shelves…
