Med Responders Save 550 Migrants, Recover Five Bodies
About 550 migrants, most of them from West Africa, were pulled to safety from boats in the Mediterranean on Monday in five operations during which rescuers also recovered five dead bodies…
Hyundai Heavy to be Split into 4 Firms
Shipbuilder to be split into four companies; spinoff is part of restructuring plan submitted to creditors. South Korea's Hyundai Heavy Industries is being split into four companies…
Island Offshore Halts Debt Amortisation Payments
Offshore service vessel owner Island Offshore Shipholding said on Tuesday that it had initiated discussions with its finance providers to address the group's long term financing.
Rickmers Maritime: Uncertain Outcome casts Doubt on Business
Rickmers Maritime, a Singapore-listed trust that operates container ships, said it faces the risk of going out of business given the uncertain outcome of its discussions…
Strike to hit Sweden's Gothenburg Port
Swedish port workers in the city of Gothenburg are set to go on strike on Tuesday after negotiations between unions and employers failed, a union representative said.
Iron Ore Carrier for Kobe Steel Named Shinzan Maru
Mitsui O.S.K. Lines, Ltd. today announced that on October 27, a naming ceremony for the Shinzan Maru, a newbuilding iron ore carrier that will sail under a long…
DNV GL Debuts Tool to Support Wider Adoption of LNG as Fuel
European Autumn Gas Conference, The Hague: Greater use of LNG as fuel would reduce global emissions of greenhouse gases, but barriers remain to its widespread adoption.
Terex to Automate Ports of Auckland's Straddle Carrier Fleet
Terex Port Solutions (TPS) is for the first time automating a straddle carrier fleet for Ports of Auckland Ltd. (POAL) from New Zealand. By mid-2019, TPS will supply a total of 27 new…
MPI Resolution's leg Extensions Completed
Following the announcement of 24 October 2016, MPI Offshore has stated that the leg extensions to MPI's wind-turbine installation vessel (WTIV), MPI Resolution, are now in place…
GAC Supports Beatrice Offshore Windfarm Project
GAC UK has been appointed by Seaway Heavy Lifting (SHL) to provide essential shipping services support for the construction and installation of 84 new turbines as…
COSCO Shipping, DEME Signs Umbrella Agreement
The Belgian dredging, environmental and marine engineering group DEME and COSCO Shipping - the largest shipping company in the world - will work closely on the development…
Korea Line to Take Over Hanjin's Asia-US Route
South Korea’s Korea Line has been picked as the preferred bidder to buy the troubled shipper Hanjin Shipping’s Asia-US operations, beating Hyundai Merchant Marine, reports Reuters.
Dynagas, Gazprom in New Long-term Time Charter Contract
Dynagas LNG Partners signed a new long-term time charter contract for the Clean Energy. The Partnership, through one of its wholly owned subsidiaries, entered into…
Dynagas LNG Q3 Results
Dynagas LNG Partners LP (DLNG) has reported third-quarter profit of $17.3 million. On a per-share basis, the company said it had net income of 44 cents. Earnings…
MSC Enhances Transpacific Service
Mediterranean Shipping Company (MSC) has announced the launch of its sixth service, named SEQUOIA, from Asia to the U.S. West Coast. The new trade provides a direct…
More EU Transport Budget for the Benefit of Europe
30 European transport associations, representing infrastructure managers, operators, local authorities, users and equipment suppliers in the maritime, inland waterways…
Master Marine Begins Building Its Next Towboat Series
Master Marine said it has laid the first keel with a contract signed in September for four 67’ x 28’ fleet boats. Each boat will be powered by a pair of S6R2-Y3MPTAW…
Dry Bulk’s Biggest Spenders
In the last month, we have seen the Baltic Dry Index (BDI) recover to the same level it was 12 months ago (see circles in fig.1). Vessel values have started to firm, but not at the same rate and are still at historically low levels. In the last 12 months, contrarian owners have taken advantage of the low values and have been buying cheap tonnage. With hindsight, this looks to have paid off with many values having increased above the purchase price.
Bruntons to Debut CPP System at METS
A new controllable pitch propeller (CPP) system from Bruntons Propellers Ltd. will make its public debut at this year’s METS exhibition in Amsterdam, November 15-17. Bruntons said it has spent several years developing a CPP propeller and its associated equipment which will solve several issues that have affected CPPs since they were first introduced. In addition to manual control, the Bruntons CPP…
A Definitive Guide to AIS
The world of AIS can be confusing to newcomers and experienced professionals alike. What is AIS? What data does it gather? How can it help my business? Do I need AIS if I don’t have a business? Class A or Class B transponders? Do I actually need it? There’s a plethora of questions from those looking to get the most out of their tracking tools, or from those looking into entering the maritime industry.
