Norway Awards 4 APA Licensing to MOL
The Norwegian Ministry of Petroleum and Energy has announced the results of the APA (Award in Pre-Defined Areas) licensing round, which granted four licences to…
Action Must be Taken If We are to Address UK Seafarer Shortfall
UK Chamber CEO Guy Platten has responded to the publication of the Department for Transport Seafarer Projections Review by calling on government to back its SMarT Plus proposal.
Danish Shipping Tribunal Relocated to Viborg
As part of the Danish Government's plan "Better balance – Government jobs closer to citizens and companies" (only available in Danish), the Danish Appeals Boards…
DryShips Buys First Very Large Gas Carrier
DryShips Inc., a diversified owner of ocean group cargo vessels, announced that it has acquired one Very Large Gas Carrier (VLGC) currently under construction at…
Mining Wastes Report Identifies Research Gaps
More scientific research needs to be done to understand and assess the environmental impacts of wastes from mining operations which have been disposed into the marine environment, a new report shows.
COSCO Shipping Holdings to Buy Qingdao Port's Shares
COSCO Shipping Ports and Qingdao Port International (QPI) announced to enter into the Transaction Agreement, pursuant to which COSCO Shipping Ports will make strategic investment in QPI.
LNG Icebreaker Polaris Bunkers in Pori
Polaris, the newest icebreaker of the Finnish icebreaking service company Arctia, set out from Katajanokka, Helsinki, for icebreaking duty in the Bothnian Bay and arrived January 10 for bunkering at the Skangas liquefied natural gas (LNG) terminal in Pori, where the vessel received approximately 700 m3 of LNG. “Polaris arrived via Utö through the Turku Archipelago to the Skangas LNG terminal in the Tahkoluoto harbor in Pori.
A Tale of Two Tanker Classes
In a stark reminder of how volatile shipping markets can be, sentiment in the previously weak Asian Aframax market has flipped while the LR2 market continues its downward slide. The Aframax market in the East of Suez firmed rapidly with rates for the Indo/Japan route up by w22.5 points w-o-w to w132.5 due to a flurry of pre- Lunar New Year activity. Among fixtures heard, BP placed a vessel on subjects for an Indo-Aus voyage at w132.5 basis 80,000 mt.
RBS Sells $600 Mln of Shipping Loans, Orix Among Buyers
Royal Bank of Scotland has concluded agreements to sell at least $600 million worth of shipping loans from its portfolio as part of efforts to exit the sector, sources…
REINTJES Opens UK Branch Office
Propulsion specialist REINTJES said it has opened a new branch office in the south of England to service markets in the U.K. and the Republic of Ireland. Opening of the REINTJES Britain & Ireland branch office follows on the cessation of trading by the former distributor European Marine and Machinery Agency in the middle of the year 2016. The business is guided by subsidiary REINTJES Benelux BVBA based in Antwerp, Belgium.
US Coast Guard Provides Security for Trump Inauguration
U.S. Coast Guard units and partner agencies provided waterside security for the 58th Presidential Inauguration in Washington D.C., Thursday. Crews from Coast Guard Maritime Safety and Security Teams New York and San Diego and Coast Guard Cutters Chock and Heron worked with crews from federal, state and local law enforcement agencies as part of a comprehensive port security operation to protect people and waterways around the District.
Harley Marine Names Two ATBs
Harley Marine Services has named two articulated tug and barge (ATB) units currently under construction at Gunderson Marine (barges) and Conrad Shipyard (tugs), respectively.
SBM Offshore Shares Gain on Hopes of Brazilian Settlement
Shares in Dutch offshore oil industry services company SBM Offshore rose on Friday on a media report the company was close to settling a corruption probe with Brazilian…
Shippers Avoid New "pirate hotspot" west of Philippines
Piracy has surged in Sulu, Celebes Seas; waters part of route carrying iron ore to Asia. A surge in piracy to the west of the Philippines is forcing shipowners to divert vessels through other waters…
COSCO Shipping Denies OOCL Bid Reports
Rumors that COSCO Shipping Corp plans to bid for Hong Kong's Orient Overseas Container Line (OOCL) are incorrect, a spokeswoman for the Chinese shipping giant said on Friday.
Asia Tankers-VLCC Rates Likely to Slide
Chartering activity could slow down in March due to refinery work; growth in tanker fleet could climb 6.5 pct, pressuring rates. Freight rates for very large crude…
Kalmar Bags DP World's Container Handlers Order
Kalmar, part of Cargotec, has been awarded an order to supply DP World's flagship terminal, Jebel Ali Port in Dubai, with the new generation empty container handlers.
MISC Berhad Names New LNG Carrier Seri Cenderawasih
MISC Berhad today held the naming and delivery ceremony for its new LNG carrier, Seri Cenderawasih. The 150,200 CBM liquefied natural gas (LNG) carrier is the second…
Italian Boosts to Flinders Shipbuilding Ambitions
Building on its partnership with the Italian shipbuilder Fincantieri announced earlier this month, South Australia’s Flinders University has signed a supporting…
Ulstein Delivers Its Largest OCV
'Island Venture', delivered on 17 January 2017, is so far the largest Offshore Construction Vessel (OCV) from Ulstein Verft, with a length of 160 metres and a beam of 30.
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