Bahri Profits Fall
National Shipping Company of Saudi Arabia (Bahri), the exclusive oil shipper for Saudi Aramco, made a net profit of 327.8 million riyals ($87.4 million) for the three months to Dec. 31.
Scorpio Tankers Secures $172m for Eight Vessels
Tanker carrier Scorpio Tankers has landed a loan deal for USD 172 million. The money will finance 60 percent of eight new MR product tankers which are currently under construction in South Korea.
TGS Hires Polarcus for Europe
Polarcus has received a letter of award from TGS-NOPEC Geophysical Company, a marine seismic data acquisition specialist, for acquisition of 30,000 square kilometers of 3D multi-client data in Europe.
Cosco Hands Over Salvage Vessel, Bulker
Cosco Corporation Singapore said that Cosco (Dalian) Shipyard Group Co, a 51% owned unit of its subsidiary, has recently delivered a salvage lifting vessel to its…
Tata to Invest in Swan LNG Project
Tata Realty and Infrastructure Ltd (TRIL) is taking 10 percent stake in a Rs. 5,900 crore ($867 mln) floating LNG import terminal being set up by Nikhil Merchant led Swan Energy in Gujarat.
Carnival to Build Two New Cruise Ships with Fincantieri
Two new ships to be built for company’s Holland America Line and Princess Cruises brands will help meet growing demand for cruise vacations and enhance the fleet.
Norwegian Shipping Firm Denies Polisario Accusation of Illegal Shipment
A Norwegian shipping firm on Thursday denied a tanker it manages had violated a European court ruling after Western Sahara's Polisario movement accused it of illegally…
Polar Star Arrives at McMurdo Station, Antarctica
The crew of the Coast Guard Cutter Polar Star arrived at the National Science Foundation’s McMurdo Station Tuesday after cutting a resupply channel through more than 60 miles of Antarctic ice in the Ross Sea. By carving a navigable path through seasonal and multi-year ice, the Polar Star assists in the annual delivery of operating supplies and fuel for two of NSF's three U.S. research stations in Antarctica.
Israel Bolsters Navy to Protect Offshore Oil & Gas
Offshore energy platforms a potential target; Israel accepting bids on 24 new exploration blocks. Israel is boosting spending on its navy to better protect offshore…
Asia Dry Bulk-Capesize Rates to Hold Steady
Brazil-China rates hit 15-month high for second time this year. Freight rates for large capesize dry cargo ships on key Asian routes could hold steady or slip slightly…
Van Oord inks Offshore Windfarm Deal
Van Oord has been awarded the contract for East Anglia ONE offshore windfarm by ScottishPower Renewables (part of the Iberdrola Group) for the transport and installation…
HDASCO Returns to Le Havre
Starting February 2017, HDASCO Line provides a new commercial offer between HAROPA – Port of Le Havre and many Iranian and Iraqi ports. HDASCO Line (Hafez Darya Arya Shipping Company)…
Diana Shipping Charters out Two Bulkers
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International S.A., Geneva, for…
COSCO 'bidding' for Orient Overseas
Chinese conglomerate Cosco Group is in talks to acquire smaller rival Hong Kong-based rival Orient Overseas Container Line Co. ( OOCL), Chinese media outlet Caixin…
Ex-Daewoo Shipyard Head Gets 10 Years in Prison
Ko Jae-ho, the former head of the ailing South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME), has been sentenced to 10 years in prison by…
Ships, Ports and People to be World Maritime Day Theme
World Maritime Day 2017: Connecting ships, ports and people. The importance of coherent and connected development across all maritime sectors will feature strongly in IMO’s work this year…
Höegh LNG Orders 4 FSRU from Samsung Heavy
South Korea's Samsung Heavy Industries Co has won one firm Shipbuilding Contract (SBC) and an agreement for three optional floating storage and regasification units (FSRUs) from Hoegh LNG Holdings.
Yang Ming Rules Out Merger
The chairman of Taiwan's Yang Ming Bronson Hsieh has ruled out a merger with a boxship rival. According to him, the world's ninth-largest shipping firm has never…
IMO Welcomes Financial Security Obligations for Seafarers
International Maritime Organization (IMO) Secretary-General Kitack Lim has welcomed the entry into force today (18 January) of new obligations under the Maritime…
Govt Okays India-UAE Pact on Maritime
Indian Union Cabinet chaired by the Prime Minister Narendra Modi has approved the Memorandum of Understanding (MoU) between India and the United Arab Emirates on…
