Sea Level Rise Projected to Displace 13 million in U.S. by 2100
The number of people who could be displaced in U.S. coastal regions due to rising sea levels this century as a result of climate change is much higher than previously thought…
MES Delivers Eco Ship Bulk Carrier
Mitsui Engineering & Shipbuilding Co., Ltd. (MES) completed and delivered a 66,000 dwt type bulk carrier M.V. "DRAFTDODGER" (MES Hull No.1882) at its Tamano Works on March 11…
Migrant Crisis Pushes Climate Change off EU Summit Agenda
Europe's migrant crisis has kicked climate change off the agenda of EU leaders' talks this week, officials said, prompting accusations from green campaigners that…
GE Brings Latest Technology to Cruise Vessels
GE’s Marine Solutions business is showcasing how its latest technologies are helping future cruise ships to be safer, cleaner and more efficient. “GE is dedicated to delivering innovative technical solutions to drive the cruise industry forward. Our long track record with major cruise lines underlines our strong position as a strategic partner for our customers,” said Tim Schweikert, president & CEO, GE’s Marine Solutions.
Concordia Maritime Signs Time Charter Contract
Concordia Maritime has signed a contract to charter out another P-MAX tanker, Stena Progress. The contract, which comes into effect in April 2016, is for three years. Contract partner is a national oil company. “We are continuing to take advantage of the market momentum by chartering out another of our P-MAX tankers over a longer period. We have now chartered out three of our ten P-MAX tankers over longer periods and are continuously evaluating the possibility of similar arrangements.
Shell Delivers more Brazil Deep-water Production
Shell and its joint venture announce the start of oil production from the third phase of the deep-water Parque das Conchas (BC-10) development in Brazil's Campos Basin.
Baltic Index Rises in All Vessel Segments
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities continued to rise on Monday helped by improved demand across all vessel segments.
MHI Delivers AIDAprima
Mitsubishi Heavy Industries, Ltd. (MHI) completed delivery of the AIDAprima, the first of two large cruise ships being built for AIDA Cruises at MHI's Nagasaki Shipyard & Machinery Works. A ceremony to mark the occasion was attended by Michael Thamm, CEO of the Costa Group, and Felix Eichhorn, President of AIDA Cruises, representing the new owner, and Shunichi Miyanaga, President and CEO, and Yoichi Kujirai…
China Plans Maritime "Judicial Center"
China plans to set up an "international maritime judicial center" to help protect the country's sovereignty and rights at sea, its top judge said on Sunday. Giving…
Wärtsilä Launches WTT-40 Transverse Thruster
Wärtsilä is launching its new Wärtsilä WTT-40 transverse thruster. The first WTT-40's have been ordered and are scheduled for delivery during 2016. This first variant…
Viking Supply Ships lays up 2 PSVs
Due to a continued weak PSV market, Viking Supply Ships A/S has decided to lay up the PSV vessels Sol Viking and Freyja Viking with immediate effect. The decision…
Wärtsilä, Nigerian BGT Ink Maintenance Deal
Wärtsilä has signed a five-year maintenance agreement with the Nigerian gas transportation company Bonny Gas Transport Limited, (BGT), a subsidiary of Nigeria LNG Limited.
Two Rescued from Sailboat in Hingham Harbor
The Coast Guard rescued a father and son Saturday after their sailboat grounded near Sarah Island in Hingham Harbor. Watchstanders at Coast Guard Sector Boston’s…
Gazprom in First LNG Bunkering at Rostock
Gazprom Germania GmbH, a subsidiary of Gazprom Export, has carried out its first bunkering of a ship with liquefied natural gas (LNG) at the port of Rostock, Germany.
ABB debuts Dynamic AC Concept
Zurich, Switzerland, March 14 2016 – ABB, the leading power and automation technology group, is launching a new Dynamic AC (DAC) concept that optimizes engine speed…
341 Ships Traverse Suez Canal Last Week
The Suez Canal traffic data reported that 341 ships traverse the Suez Canal with a total cargo load of 18.88m tonnes from from 4 to 10 March 2016, as per a report in the Daily News Egypt.
Maersk to Boost Investments in Ghana
Maersk Group says it is committed to a long-term partnership with Ghana, and will boost its investments in the country. Accroding to local media report, the Maersk Group Chief Executive Officer…
China Merchants Mulls Further Expansion
China Merchants Holdings International (CMHI) has announced plans to invest in 10 overseas ports in regions that include Russia, West Africa and South East Asia.
Japan, Finland Cooperation for Arctic
Japan and Finland are ready for Arctic cooperation, including the use of the Northern Sea Route and the development of Barents Euro-Arctic region. The sea route…
Panama Moots Ship Financing Bill
With an aim to boost shipbuilding in the country and attract investment in its maritime industry, the Government of Panama has presented a new bill dedicated to…
