Finnish Minelayer Undergoes Midlife Refit
Minelayer vessel Pansio has been fully refitted and handed over to the Finnish Navy, following a midlife upgrade carried out by ATLAS ELEKTRONIK Finland Oy (AEFI ) together with Uki Workboat Oy (Uudenkaupungin Työvene Oy) as a subcontractor. Pansio is the first of three Pansio-class minelayers, including Porkkala and Pyhäranta, to undergo refit which aims to extend the use of the ships well into the 2030s.
Maersk Supply Service Names Karstensen CEO
Steen S. Karstensen has been appointed CEO of Maersk's offshore services arm, Maersk Supply Service, with effect from October 24. Karstensen comes from a position as Chief Procurement Officer and takes over from Jørn Madsen, who was recently appointed CEO of Maersk Drilling, effective November 7. Karstensen joined the Maersk Group in 1986 and has had led a 30-year-career with the company in procurement, logistics, supply chain, in-house consultancy and other cross-functional areas.
Shippers Want Timeline for Emissions Reduction
About 90 percent of global trade is moved by cargo ships which are collectively responsible for about 2.2 percent of the world's total Green House Gas (GHG) emissions (similar to that emitted by international aviation). As a considered response to the Paris Agreement on climate change, the world's national shipowner associations – represented by their global trade association, the International Chamber…
Zim to Defer $115 Million in Debt Payments
Israeli shipping company Zim, which has been hit hard by the weak global shipping market, said on Wednesday it was planning to defer $115 million of upcoming payments to creditors until 2018.
BHP: GoM Mad Dog Project Viable with sub-$50 Oil
BHP Billiton said the second phase of its Mad Dog offshore joint venture with BP in the Gulf of Mexico was economical at oil prices below $50 per barrel. Originally slated for development in 2013…
Typhoon Chaba Disrupts South Korean Port Ops
Typhoon Chaba battered southern parts of South Korea with violent wind and heavy rain on Wednesday, killing at least three people and flooding the country's main…
Nearly 11,000 Migrants Rescued in Last 48 hours off Libya
Many bodies found in the hold of one ship. More than 4,650 migrants were saved on Tuesday off the Libyan coast and 28 bodies recovered, bringing the total number…
Iran: Saudi Navy Should Avoid Iranian Waters
Iran's powerful Revolutionary Guards (IRGC) warned Saudi naval vessels taking part in military exercises in the Gulf on Wednesday not to get close to Iranian waters.
New Japanese Coal Carrier Enters Service
A new coal carrier Noshiro Maru was delivered on September 30 at Oshima Shipbuilding Co. Ltd. in Saikai city, Nagasaki prefecture. A delivery and naming ceremony…
40 Years Protecting the Mediterranean
International Maritime Organization (IMO) joined celebrations marking four decades of cooperation in the Mediterranean to prevent and combat marine pollution from…
India Approves $77.4 Mln for Sagar Port Project
Indian Government has given in principle approval to a grant of Rs. 515 crores ($77.4 Mln ) to make the development of the proposed Sagar Port project in West Bengal financially viable.
Singapore Plans to Shape Bunkering for World's Future
Maritime and Port Authority of Singapore (MPA) introduced several new initiatives at SIBCON as part of Singapore’s continued efforts to enhance bunkering processes…
Top 5 Carriers to Dominate Container Shipping, Says Drewry
If both APL and UASC are included within their new parents, the top five ocean carriers now control approximately 54 percent of the world’s containership fleet, says Drewry.
North Korea Builds Largest Missile Submarine Yet
Satellite footage suggests that the North Korean regime of Kim Jong-Un has begun development of a massive new submarine capable of launching ballistic missiles further potentially threatening the US…
BP Pact with Eni to Buy Gas from New Mozambique Field
BP and the Area 4 concession partners, Eni East Africa (EEA), Galp Energia (Galp), Kogas and Empresa Nactional de Hidrocarbonetos (ENH), have entered into a sales…
CGB to Invest $30 mln in Indiana Port
Consolidated Grain and Barge Co. (CGB) announced plans today to expand its operations at the Port of Indiana-Mount Vernon, investing more than $31 million to increase…
Definitive Study On The Impact Of Global Sulphur Regulations
Marine Energy Consulting Ltd. (MECL) and 20|20 Marine Energy, two leading consultancies in this field, today announced that they will collaborate to produce a comprehensive…
Euronav Inks Two Charter Deals
Euronav NV announces that it has signed two long-term time charter contracts of seven years each with Valero Energy Inc. for Suezmax vessels with specialised Ice Class 1C capability starting in 2018.
Boskalis JVs Order two LNG Dual-fuel Harbor Tugs
Royal Boskalis Westminster (Boskalis) joint ventures Keppel Smit Towage and Maju Maritime have ordered two innovative LNG dual-fuel harbor tugs, which marks a breakthrough…
Maritime Cook Islands Focuses on Next Generation on World Maritime Day
Maritime Cook Islands (“MCI”) joined the international maritime community in a celebration of World Maritime Day 2016 on September 29. The theme for 2016 is “Shipping: indispensable to the world”…
