Pacific Basin Rights Issue for $151mln
Hong Kong bulker Pacific Basin has proposed a one-for-one rights issue in a bid to raise approximately $150.6m for strengthening its long term equity capital. The…
Car Carrier Ocean Tango Runs Aground off Busan
A South Korean Car carrier Ocean Tango was grounded by a storm which battered Busan, Korea, on Apr 17. The 2,736 dwt Vessel was docked at Yeong-gu area, reportedly…
Italians Go to polls for Drilling Referendum
Italy went to the polls on Sunday for a referendum on off-shore oil and gas drilling rights, a complex issue that the government hopes voters will shun. For the ballot to be valid…
IMO Seeks Hosts for Maritime Technology Centers
An ambitious project to help mitigate the harmful effects of climate change has been kick-started by IMO with a call for formal expressions of interest to host centres…
Antwerp Port's Volume Growth Continues
The port of Antwerp handled 53,265,552 metric tons of freight in the first three months of this year, 3.9 percent more than in the same period last year. The container…
Vedanta to Re-develop Mormugao Port
Vedanta Limited, India’s only diversified natural resources company today received the ‘Letter of Award’ for Redevelopment of Berth No.8, 9 and Barge Berths at Port of Mormugao…
Austal Wins SCA Safety Awards
Austal USA remains one of the safest shipyards in the country the Shipbuilders Council of America (SCA) announced Mar. Austal’s hard-earned workplace safety record has been recognized…
Pirates Take 4 Hostages Near Malaysia
Four Indonesian sailors have been kidnapped by a group of armed men when their vessels was hijacked between the Malaysian and Philippine waterways on Friday evening (Apr 15).
Bimco’s Top Priorities For IMO’s Marine Enviroment Protection
BIMCO has shared the two critical issues at the top of its own priority list ahead of the IMO’s Marine Environment Protection Committee (MEPC) meeting next week.
French Banks Eye Yamal LNG Project
French banks may participate in lending for the Russia's Yamal liquefied natural gas (LNG) project, a relevant agreement may be signed in 2016, Tass reported quoting…
India Targets $60 Bln Maritime Investments
Indian Shipping Ministry is targeting to get investments worth $60 billion (nearly Rs 3.99 lakh crore) for a five-year term for 240 projects for the success of the ambitious Sagarmala project.
India to Add Eight Major Ports
As part of its aggressive plans for port-led development, Union Shipping and Ports Minister Nitin Gadkari said he is looking to add eight major ports to the already existing 12…
Sagarmala Project to Sail Through 5 Years
India government will speed up the ambitious Sagarmala project from 10 years to five years, said Nitin Gadkari, Minister of Road Transport, Highways and Shipping.
Guidelines for Determining Containers Weight - DMA
The Danish Maritime Authority has – in cooperation with a number of business organisations – drawn up three short guidelines on the regulations on the determination…
Nordic Doubles Size of Savannah Operation
Nordic Logistics and Warehousing has doubled capacity at its Savannah location, holding a ribbon cutting Friday for a new 200,000-square-foot cold storage and blast freezing facility. "Exactly three years ago, Nordic opened its doors here in Savannah to give our customers the logistical advantages that come with one of America's most efficient ports, combined with the superior connectivity of Interstates 95 and 16," said Don Schoenl, President and Chief Executive Officer of Nordic.
Response to Barge Breakaway Continues on the Mississippi
The U.S. Coast Guard continues to respond to an allision which occurred April 6 and resulted in a multiple-barge breakaway and two sunken barges on the Mississippi River near Thebes, Ill.
DNV GL's Examines the next Decade's Tech Outlook
Every five years, DNV GL publishes a Technology Outlook report providing insights into the technology landscape of the next decade. Its latest report focuses extensively…
Royal IHC Upgrades Three CSDs for NMDC
National Marine Dredging Company (NMDC) of Abu Dhabi, a dredging contractor in the Middle East and key player in the creation of the new Suez Canal, has granted Royal IHC an order to upgrade the automation of three heavy-duty cutter suction dredgers (CSDs). The Al Sadr, Al Mirfa and Kattouf were built by Royal IHC between 1999-2001, and were equipped with the then latest versions of IHC DPM (dredge profile monitor) and ACC (automatic cutter controller).
DOF Secures New Work in the North Sea
DOF Group subsidiary DOF Rederi AS has signed an agreement with Nexen Petroleum UK for Skandi Marstein, MT 6000 design Platform Supply Vessel (PSV). The contract will start in May and is firm until end 2017. DOF Rederi has further signed a three months contract, plus options with Maersk Oil North Sea UK Ltd. for Skandi Gamma with start up in April.
Heinrich Ahlers Retires from Buss Group
Heinrich Ahlers has wrapped-up his remaining responsibilities at the Buss Group, and will begin his retirement shortly before his 65th birthday. He had already relinquished his role as CEO of Buss Port Logistics to his successor Marco Neelsen October 1, 2015. “I am pleased to see that Marco Neelsen quickly and efficiently adapted to his new tasks, and that he was very well received by the port and logistics network,” Ahlers said. “Therefore, it is time for me to retire from the Buss Group.
