Merkel Visit aims to Soothe EU Migrant Tensions
German Chancellor Angela Merkel will use a visit to Turkey this weekend to try to soothe tensions over a deal meant to stem the flow of migrants to Europe as questionsā¦
Baltic Index Up On Stronger Rates
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Friday due to higher demand for capesizes and gains across smaller vessel segments.
Atlantic Pioneer Gets to Work at Block Island
The first US-built and operated offshore wind farm crew transfer vessel will be named at an official christening ceremony in Quonset Point, Rhode Island. Following the Christening the āAtlantic Pioneerā, owned and operated by Atlantic Wind Transfers, the commercial wind support services arm of Rhode Island Fast Ferry, will embark on the first phase of a 20-year charter to support the construction and operation of the Block Island offshore wind farm.
Agreement on Wreck Removal MV Flinterstar
Flinterstar III BV, the owner of the Dutch freighter MV Flinterstar, has entered into a contract with a consortium of Belgian marine contractors to remove the wreck of the vessel which sank in the North Sea off the coast of Zeebrugge following a collision last October. The consortium will be headed by SCALDIS, a joint company of DEME, Jan De Nul and Herbosch-Kiere. Bart Otto, Director of Flinterstar lll BVā¦
Torqeedo to Showcase Cruise Engine at Seawork
Torqeedo will debut its innovative new electric motor at this yearās Seawork International. The new generation, the Cruise 10.0R, is equivalent to a 20HP combustion engine. It boasts 12kW peak power, 10kW continuous power and a voltage level of 48V to deliver impressive, emission-free performance at speeds of up to 17.2knots (31.9km/h). The Cruise 10.0R weighs 47.2kg in its smallest variation and features a powered tilt functionā¦
Carnival to Sail to Cuba with All Travelers
Carnival Corporation announced it will sail as planned from the U.S. to Cuba with all travelers, including Cuba-born passengers, for the companyās week-long voyages to Cuba. Carnival worked with Cuba to allow its cruise ships to operate in a similar manner as current air charter operations to Cuba, starting with its historic inaugural voyage on May 1, 2016. Last week, in anticipation of this positive outcomeā¦
ICS Welcomes Progress on CO2 Reduction at IMO
The International Chamber of Shipping (ICS) has welcomed progress made by the IMO Marine Environment Committee (MEPC) this week (April 18-22) towards the adoption of a global CO2 data collection system. Once the amendment to the MARPOL Convention enters in force, all ships over 5,000 GT will be required to provide information on CO2 emissions via their flag states. ICS says that once the system is adoptedā¦
Asia Tankers-VLCC Rates Face Pressure
Number of MidEast charter fixtures less than usual; Basra crude exports set to fall in May. Freight rates for very large crude carriers (VLCCs) will come under furtherā¦
Hanjin Shipping Seeks Bank-Debt Restructuring
Hanjin's debts at 5.6 trln won at end 2015; company has been squeezed by low shipping margins. South Korea's Hanjin Shipping Co Ltd will ask creditor banks to restructure its debtā¦
Aker Seeks More Investments - Roekke
Norwegian industrial holding company Aker expects to conduct more acquisitions and other transactions in coming years, the firm's top owner said on Friday. "At Akerā¦
Venezuelan's Late Shipping Containers bill at $1bln
Venezuelan state agencies have run up close to $1 billion in debts with shipping firms due to delays in returning containers, potentially boosting the cost of importingā¦
CMA CGM to Delay Mega-Ship Move
CMA CGM Group has decided to postpone its project to deploy 18,000 TEU-capacity vessels on Transpacific market trade. The much-anticipated launch of a weekly serviceā¦
Statoil Launches New Subsea Concept
Norwegian oil major Statoil presented a new subsea concept that is designed to reduce cost and increase efficiency. The concept is called Cap-X. The concept was presented by Margareth Øvrumā¦
NUS, MPA Conduct Joint Research in Ocean Governance
The Centre for International Law (CIL) at the National University of Singapore (NUS) and the Maritime and Port Authority of Singapore (MPA) will be setting up aā¦
Piracy: Indonesia Could be the New Somalia
Commercial ships have been told to avoid shipping routes around Indonesia and Philippines amid fears that piracy could be reaching Somalian levels, according to Reuters.
Indian Aircraft Carrier to Get Russian Weaponry
Russia could supply air defence systems and other equipment to the Indian Vikrant-class aircraft carrier currently under construction, says a report by IANS. Theā¦
China, South Korea to Hold Maritime Talks
China and South Korea held talks on delimiting their overlapping exclusive economic zones (EEZs) in the Yellow Sea ā the first such discussions in seven years. Chineseā¦
Hyundai Merchant Marine in Doldrums
Amid speculation that Hyundai Merchant Marine Co. (HMM) may go into court receivership, the financial authorities and creditors will try to make it a subsidiary of Korea Development Bank (KDB).
USCG Crew Hit by Laser During Training
A Coast Guard boatcrew was hit by a green laser light while underway near the Squalicum Harbor area of Bellingham, Wednesday night, ending a valuable training opportunity due to medical concerns.
NOIA Elects McEvoy, Chairman Welch Vice Chair
The National Ocean Industries Association (NOIA) Board of Directors has elected Kevin McEvoy as Chairman and Dave Welch as Vice Chairman for the upcoming 2016-2017 term.
