Ports of Auckland Interim Profit Up
Ports of Auckland Chief Executive Tony Gibson has announced a ‘solid’ half year result for the company, achieved despite a fall in volumes and revenue. The port…
Otto Marine Wins 3 Shipbuilding Contracts
Singapore-listed Otto Marine has announced that its offshore shipyard has branched out to secure three new shipbuilding contracts worth $23m in total. New contracts…
Price of Old Panamax Bulkcarrier Dipped to $13m
Back in early 1999 the price of a 5 year old Panamax bulkcarrier dipped to $13.5m, and ever since analysts have hailed purchase decisions made at that time as some…
POSH Sinks into Loss in 2015
Offshore marine services provider PACC Offshore Services Holdings (POSH) has plunged into the red in 2015 due mainly to a huge impairment charge of $144.58m. The…
GDI, Dolphin Energy Sign Offshore Drilling Rig Services Contract
Qatar’s Gulf International Services (GIS), the leading service group, has announced that its subsidiary Gulf Drilling International (GDI) has signed a contract with…
Beijing to Build Ventilation "Corridors" to Tackle Smog
Authorities in Beijing plan to develop a network of ventilation "corridors" to help tackle the city's notorious air pollution, China's state news agency Xinhua reported on Sunday.
Bulk shippers hit by perfect storm as global economic doldrums take toll
Off the coast of a nearly deserted island below the southern tip of Hong Kong, at least 10 massive ships that normally carry hundreds of thousands of tons of coal…
El Faro Captain's Pleas for Help Played at Hearing
The captain of the doomed El Faro warned that the "clock was ticking" as his cargo ship took on water in an Atlantic hurricane that would eventually sink the vessel, a U.S.
CMMI's First Life Time Award for Inderjit Singh
The country's largest community of Mariners who had congregated for their Annual Meet yesterday under the banner of the Company of Master Mariners' of India (CMMI)…
VIMC Recognized in B.C. Budget, Exe. Dir. Christens Vessel
The Vancouver International Maritime Centre (VIMC) welcomes the Provincial government’s $1-million commitment for the second year in a row. B.C. The VIMC’s mandate…
Bulk Shippers Hit by Commodity Storm
The dry bulk shipping sector has been dashed upon the rocks of vessel oversupply and slowing economic growth. Not dry bulk shipping business is grappling with an…
Chinese, Greek Ship Owners Accounted for 40% of Global Recycling
According to Clarkson Research Services, the record pace of fleet growth over the last decade and weakening global demand outlook has left many of the major shipping segments facing severe oversupply.
Tankers Are Like A Box Of Chocolates
The uncertainty around the direction of the tanker market has increased since the start of 2016. At current production levels, the markets for both crude oil and…
BigOceanData Rolls out Gen-Next Vessel Tracking System
A new name has joined the vessel tracking sector with a product that promises to set new standards in functionality and user-friendliness. BigOceanData is the new brand from Globavista…
MOL Launches Trial Use of Big Data to Promote Growth of Maritime Cluster
Japan-based Mitsui O.S.K. Lines (MOL) is to trial a new system of onboard data gathering and transmission from its operated vessels to the ClassNK-owned Ship Data Center…
Diana Shipping Announces Time Charter Contract for Protefs with Transgrain
Diana Shipping has chartered the 73,630 dwt, 2004-built panamax, Protefs to Transgrain shipping for 12 – 16 months at a rate of $4,500 per day minus 5% commission.
Vessel Spills 80 Gallons of Oil Into Columbia River
Columbia's state environmental agency said that roughly 80 gallons of oil was spilled into the Columbia River by a vessel near Kalama. The Nord Auckland, a 618-foot ship flagged in Singapore…
SapuraKencana Operations in Brazil Grows
SapuraKencana Petroleum Berhad's (“SapuraKencana”) presence in Brazil continues to grow after entering the market with its first pipelaying support vessel (“PLSV”), Sapura Diamante, on June 28, 2014.
Eleonora Maersk sets Draught Record for Antwerp Port
The Eleonora Maersk container carrier (15,500 TEU) entered the port of Antwerp on Thursday morning with a record draught of 15.65 metres, thus breaking the previous record of 15.50 m.
New Era of US, ROK Navy Alliance Begins in Busan
Commander, U.S. Naval Forces Korea (CNFK) conducted a ribbon-cutting ceremony Feb. 19, officially opening its headquarters in Busan and ushering in a new era of U.S.
