Canada Rolls Out Oil Tanker Moratorium Act
The transportation system is something Canadians rely on every day, from getting us to work, or bringing us the products we use in our homes. The Government of Canada…
Savannah Port Welcomes Record Cargo Ship
Governor Nathan Deal, Port of Savannah officials and the maritime community were on hand to welcome the COSCO Development, the largest containership to ever call on the U.S.
DSME Gets Fresh $6B Bail Out
Korea's battered Daewoo Shipbuilding & Marine Engineering (DSME) is all set to receive a new bailout package worth $6 billion, after court rejected appeal from a group of individual investors.
Container Shipping Demand Remains Good: Hapag-Lloyd
In the medium term, demand for container shipping services should continue to rise in tandem with expected ongoing growth in global trading volume, says Hapag-Lloyd.
Hapag-Lloyd to Omit UASC in 2017 Financials
The outlook for the 2017 financial year is based on the Hapag-Lloyd Group’s existing business activities as at 31 December 2016 and therefore does not include UASC’s…
UMW Wins Petronas Contract
UMW Offshore Drilling has received two contracts from Petronas Carigali worth US$34.81mil to provide services to its firm and optional wells. UMW Offshore Drilling…
Cochin Shipyard Builds 4 Ships for Andaman & Nicobar
Government of India-controlled Cochin Shipyard Ltd is constructing four passenger-cum – cargo vessels for Andaman & Nicobar Administration under the ‘Make in India’ initiative of Government of India.
USS Abraham Lincoln Achieves Redelivery
The USS Abraham Lincoln (CVN 72) was redelivered to the fleet May 12, marking the successful completion of its refueling and complex overhaul (RCOH) carried out at Newport News Shipyard.
OOCL Hong Kong Christened
Orient Overseas Container Line (OOCL) announced the naming of its latest containership, the OOCL Hong Kong, at a christening ceremony held at the Samsung Heavy Industries…
TEN's 15-Vessel Newbuilding Program Nearing Completion
Greece-based Tsakos Energy Navigation (TEN) said that its 15-vessel newbuilding program is nearing completion with the final three aframax tankers expected to be delivered in the coming months.
Strong Results for Skuld on 120th Anniversary
Skuld has announces a total combined ratio of 98%, as well as a positive bottom line result of USD 51 million (USD 18 million in 2015 before members' credit) for…
US, Singapore, Thai Navies Complete CARAT
Ships from the Republic of Singapore navy, Royal Thai navy and U.S. Navy completed a three-day multilateral Cooperation Afloat Readiness and Training (CARAT) exercise in the South China Sea May 12.
Euroseas Sees Improvement in Cargo Shipping
The beginning of 2017 found both the drybulk and containership markets recovering from the historical low levels observed during 2016, says Euroseas Chairman. Aristides Pittas…
New Floating Dry Dock for Marisco in Hawaii
A new concrete floating dry dock has been launched by Singapore marine engineering company GL Engineering & Construction Pte Ltd (GL E&C). Built in Batam, Indonesia with a local subcontractor, the $12 million dry dock named Peleke Nui has been commissioned by an American company, Marisco Limited. for the construction, maintenance as well as repair of ships and naval crafts, serving international clients from the owner’s base in Hawaii.
Italian Submarine Romeo Romei Delivered
The submarine Romeo Romei was delivered at Fincantieri’s shipyard of Muggiano, La Spezia. It is the last of the four U212A Todaro class twin units ordered from Fincantieri by the Naval Armament Unit – NAVARM for the Italian Navy. Romeo Romei, as its twin unit Pietro Venuti delivered last July at the Muggiano shipyard, features highly innovative technological solutions. It is entirely built with amagnetic material, using the most modern silencing techniques to reduce its acoustic signature.
Riverboat American Duchess to Launch in August
The American Queen Steamboat Company, owner and operator of the American Queen and American Empress, will launch service on its new American Duchess when it sets sail from New Orleans on Aug. 14, 2017, following its christening a day earlier. The all-suite, 166-guest American Duchess will be the first purpose-built boutique paddle wheeler offering guests the largest suites on the Mississippi River.
Newbuild Tonnage: Greece Leads the Way in 2017
Globally 119 new bulkers and tankers have been ordered since the start of 2017, according to data compiled by VesselsValue Deals. Of those orders, 35 come from Greek ship owners (14 bulkers, 21 tankers) – by far the most of any nation. After Greece, the U.S. is second with 14 vessels ordered in 2017, followed by Singapore (10), Noray (8) and the Netherlands (6). The imbalance of supply and demand between…
Canada to Ban Tankers off North British Columbia
Canada's Liberal government has introduced legislation for a moratorium on oil tanker traffic along the northern coast of the British Columbia province, the country's transport department said on Friday, delivering on an election promise. Canadian Prime Minister Justin Trudeau ordered the ban soon after the election in 2015, in which he took power on a pledge to balance resource development with protecting the environment.
IMCA Supports CBP's Jones Act Decision
The International Marine Contractors Association (IMCA) welcomed withdrawal of the Customs and Border Protection (CBP) notice to revoke and modify rulings relating to offshore vessels under the Jones Act. Allen Leatt, Chief Executive of IMCA, explained, “Members of the International Marine Contractors Association with vessels active in U.S. waters, together with their clients, welcome the decision by the U.S.
Arctic Council Meeting Stirs Hidden Tensions
As foreign ministers from countries with territory in the far North celebrated an agreement on fighting climate change this week, one topic seethed below the surface: growing competition for Arctic resources and sea lanes as the ice melts. Russia, one of eight members of the Arctic Council which includes the United States, Canada and the Nordic countries, has been pouring money and missiles into the Arctic as well as reopening and building bases there.
