Qatar Tells US It Will Maintain Stable LNG Exports
Qatar's finance minister told U.S. Treasury Secretary Steven Mnuchin during a trip to Washington last week that Qatar was committed to maintaining stability aroundā¦
USCG Interviews Containership Crew after Warship Collision
The United States Coast Guard will on Tuesday start interviewing the crew of a Philippines-flagged container ship which collided with a U.S. warship in Japanese waters killing seven American sailors. The U.S. coast guard investigation is one several into the incident on Saturday involving the guided missile destroyer USS Fitzgerald and the much larger ACX Crystal. The cause of the collision at night and in clear weather is not known. "We are scheduled to interview the crew members," said U.S.
Former US Navy Attaché Sentenced for Taking Bribes
A Retired U.S. Navy Captain was sentenced in federal court today to 41 months in prison for his role in a massive bribery and fraud scheme involving foreign defenseā¦
AMSG Wins Contract to Upgrade Vessel Tracking
A contract to upgrade the ānerve centerā for shipping at the Barrow Island port proves the resources sector is continuing to fuel big opportunities for Australian firms. Australian Maritime Systems Group (AMSG) has been awarded a contract by Chevron Australia to design and install a new Vessel Tracking Service (VTS) system to manage shipping to and from the Chevron-operated Gorgon Project on Barrow Island, 60km off the north-west coast of Western Australia.
Avance Gas Expects Weak 2017, Recovery from 2018
Shipping firm Avance Gas Holding , which transports liquefied petroleum gas (LPG), expects freight rates for its vessels to remain weak in 2017 despite an improvement in the last two weeks, the Oslo-listed firm said. A sharp influx of newly built very large gas carriers (VLGCs) pushed global spot vessel rates from above $100,000 per day two years ago to around $10,000 recently, although rates have since risen to about $11,000.
Offshore Gas Safety atop the Agenda for Martek Marine
Maritime industry technology specialists Martek Marine say it is setting the bar high when it comes to offshore gas safety. The company has developed a first-of-its-kind gas sampling system for a new moored floating production unit, which forms part of the Jangkrik Complex gas fields development in Indonesia. The system has been developed to dramatically improve offshore crew safety through the use of advanced gas sampling technology.
Baltic Index Slips on Weak Capesize Rates
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday for the fifth straight session, hurt by lower capesize ship rates. The overall index, which considers rates for capesize, panamax, supramax and handysize shipping vessels, slipped 1 point, or 0.12 percent, to 847 points. The capesize index shed 59 points, or 5.05 percent, to end at 1,110 points, its lowest level since March 2.
Rolls-Royce, Svitzer Trial Remote Controlled Tug Operations
Earlier this year in Copenhagen Harbor, the 28-meter-long tug Svitzer Hermod berthed alongside the quay, undocked, turned 360 degrees and sailed back to Svitzer headquarters before docking again, all under remote operation while the captain was stationed quayside at the vesselās remote base at Svitzer HQ. Though a captain and crew remained on board throughout to ensure safe operation in the event of a system failureā¦
Labor Trouble Causes Gothenburg Box Count to Drop
Port operator APM Terminals, part of shipping group A.P. Moller-Maersk, said it has seen container throughput at its Gothenburg terminal in Sweden fall by 70,000ā¦
Fitch: Boxship Rates Rise, Capacity Still Key
Fitch Ratings' Report: What Investors Want to Know: Container Shipping. Container shipping companies have benefited from a modest increase in freight rates since the start of the yearā¦
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