Terex Port Solutions for Argentinian Power Plant
Terex Port Solutions (TPS) achieves another success in South America. The Argentinian power plant operator AES Argentina Generacion S.A. (AES) has ordered a Terex…
Mandatory e-data Exchange to be Adopted by Facilitation Committee
The Facilitation Committee, meeting this week (4-8 April), is expected to adopt mandatory requirements for the electronic exchange of information on cargo, crew…
Adani Hazira Container Terminal Hits Record Volume
Adani Hazira Port Pvt. Ltd (AHPPL), a subsidiary of Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest port developer and operator, recorded a container throughput of 3…
Container Shipping Market Move from Bad to Worse
A record volume of capacity entered the container markets in 2015. But where have the ships been deployed, and which carriers have taken on the most? The shipping…
Drewry Questions Viability of ‘Megaships’
Drewry Maritime Advisors say that the trend of “big ship obsession” may soon come to an end. The three largest carriers in the world – Maersk Line, MSC and CMA…
SSI Urges IMO to Tackle GHG Emissions from Shipping
The Sustainable Shipping Initiative (SSI) has called on the International Maritime Organisation (IMO) to show its true intent to reduce Greenhouse Gas emissions…
S. Korean Shipyards Order Books Empty?
The global slump in the shipbuilding industry means that South Korea's ship yards have to look far and wide for new orders. Combined, the three major yards have…
CMA CGM Pays Tribute to Zaha Hadid, Architect of CMA CGM Tower
CMA CGM, a leading worldwide shipping Group, pays tribute to Zaha Hadid, who sadly died on March 31st. Zaha Hadid a renowned architect and 2004 Pritzker Prize Winner…
Otto Marine Offloads Support Vessel for $38mln
Singapore-based Otto Marine Limited has signed a Memorandum of Agreement to sell a Work Maintenance Vessel known as SOC ENDEAVOUR to an unspecified party through its wholly owned subsidiary…
Taqa Extends Wood Group Contract
Wood Group has secured a two-year contract extension with TAQA in the North Sea. Wood Group PSN, will continue to provide engineering, construction and maintenance…
Recent Vessel Sales - March 2016
Vessel sales for March 2016 (as of April 1) as prepared by Shipping Intelligence, Inc., New York.
OSI to Deliver TDNS for Asian Submarine New Builds
OSI Maritime Systems (OSI) announced it has signed a contract to provide its advanced Tactical Dived Navigation System (TDNS) to an Asian navy for a new build submarine program.
Strong Cruise Season Marks Canada Place’s 30th Anniversary
![Star Princess at Canada Place (Photo: Port Metro Vancouver)](https://images.marinelink.com/images/maritime/w100h1500/star-princess-at-canada-place-57447.jpg)
Port Metro Vancouver’s 2016 cruise season officially kicks off today with the arrival of the Star Princess at Canada Place. Vancouver expects to welcome approximately 830,000 passengers on 228 calls, reflecting a forecasted 3 percent increase in passenger volume over 2015. “2016 marks the 30th anniversary of Canada Place,” said Robin Silvester, President and Chief Executive Officer at Port Metro Vancouver.
US Gulf Coast Diesel Exports Down Sharply
Diesel fuel exports from the U.S. Gulf Coast declined sharply since December as increasing output from refiners in South American markets and brimming stocks in Europe squeezed key outlets…
US Judge Approves BP Civil Settlement with US Government over 2010 Spill
![(Photo: Casey Ware)](https://images.marinelink.com/images/maritime/w100h1500/photo-casey-ware-57446.jpg)
U.S. Judge Carl Barbier granted final approval on Monday to BP Plc's civil settlement over its 2010 Gulf of Mexico oil spill after it reached a deal in July 2015 to pay up to $18.7 billion in penalties to the U.S. government and five states. The company at the time said its total pre-tax charges from the spill set aside for criminal and civil penalties and cleanup costs were around $53.8 billion. Under the terms of the original agreement with the U.S.
Interview: Frank Foti - President & CEO, Vigor Industrial
For nearly two decades, Frank Foti has led Vigor’s transformation from a single, struggling shipyard to a thriving, increasingly diversified industrial company with 2…
Research Vessel Neil Armstrong Joins WHOI Fleet
![R/V Neil Armstrong sails into San Francisco Harbor at the conclusion of the first leg of its inaugural voyage in late 2015. (Image by Aerial Productions, ©Woods Hole Oceanographic Institution)](https://images.marinelink.com/images/maritime/w100h1500/rv-neil-armstrong-sails-into-57439.jpg)
I woke up the first night out of Anacortes, Washington, when the ship dropped out from under me and I levitated off my bunk. Then came the sound of shuffleboard in the conference room one deck above. The only trouble was, there's no shuffleboard on the research vessel Neil Armstrong. It was Halloween 2015 in the Northeast Pacific. We were in the first hours of the first voyage of the newest ship in the U.S. academic research fleet, and we were already plowing through 15-foot waves.
Oil Rebound Not Overdone, Crude in Early Bull Market -Hedge Fund BBL
Oil is in an early bull run despite the notion prices have rebounded too fast, too soon, hedge fund manager Jonathan Goldberg says as his energy-focused investment…
Venezuelan Crude Sales to US Declined 7% in March
Exports of Venezuelan crude to the United States fell almost 7 percent in March versus the same month of 2015 to 793,581 barrels per day (bpd), according to Thomson Reuters Trade Flows data…
Navios Regains NYSE Compliance
Navios Maritime Holdings Inc. Dry bulk shipping and logistics firm Navios Maritime Holdings Inc. announced that, based upon a notice received on April 1, 2016 from the New York Stock Exchange, Inc.