Moss-Type LNG Carrier Joins MISC Berhad's Fleet
Malaysia’s MISC Berhad (MISC), a world leading energy related maritime solutions and services provider has taken delivery of Seri Cempaka, the third in a series…
Brookfield Buys Stake in Teekay Offshore
Canadian asset manager Brookfield Business Partners will buy 60 percent of Teekay Offshore Partners, a subsidiary of marine transportation provider Teekay Corp…
GasLog Partners Acquires Two Group Firms in Q2
LNG shipper GasLog Partners acquired from GasLog 100% of the shares in the entity that owns and charters the GasLog Geneva on July 3, 2017. The GasLog Geneva is a 174…
India to Privatize Dredging Corporation
The government of India is looking to privatize staterun Dredging Corporation of India (DCI). "A proposal for disinvestment of Dredging Corporation of India Limited…
Diana Shipping's New Time Charter for Maia With Glencore
Diana Shipping has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Glencore Agriculture B.V., Rotterdam…
EMSP Welcomes EC Directive on Seafarers
The European Maritime Social Partners (EMSP) warmly welcome the European Commission’s adoption of their proposal to update their Agreement on the International Labour…
Iran's Chabahar Port Signs Pact with India Ports Global
India Ports Global has signed a contract with Aria Banader of Iran to equip and operate two terminals at Chabahar - Shahid -Beheshti Port in Iran for transportation of goods and other purposes.
EC Measures to Improve Conditions for Seafarers
The European Commission (EC) has adopted a proposal for a Directive which aims at improving the working conditions of seafarers on board EU-flagged vessels. The…
India Takes Steps to Counter Piracy
The Government has taken steps as part of various preventive/mitigating security measures to deal with sea-piracy, Minister of State for Shipping and Road Transport and Highways Pon.
Gasoline Futures Rally Propels Crude Markets
U.S. shale drilling slowdown may be temporary. Oil prices rose to an eight-week high on Thursday, as a rally in U.S. gasoline futures spurred further gains this…
Marine Jet Power, Horizon Ink Sales & Service Pact
Marine Jet Power, Inc. (MJP) and Horizon Shipbuilding, Inc. (Horizon) announced that they have signed an agreement for Horizon to become the newest sales and service provider in the Gulf of Mexico. The Master Sales and Service Agreement names Horizon as an authorized retailer and service provider for MJP’s water jets covering the coastal markets in the United States Gulf region. The new agreement greatly benefits ship owners as well as shipbuilders in the region.
Saudis Stop Tankers From Entering Yemen, UN Says
A Saudi-led military coalition and the government of Yemen denied four oil tankers access to a Yemeni port last week, a move that could hurt the flow of aid and…
Macron, Gentiloni Discussing STX, Libya, Migration
Italian Prime Minister Paolo Gentiloni received a "friendly" phone call on Thursday from French President Emmanuel Macron to discuss the STX France shipyard, Libya and immigration…
France Nationalizes Shipyard to Thwart Italian Majority
France will temporarily nationalise the STX France shipyard to prevent an Italian firm taking majority control, the economy minister said on Thursday, marking President…
Matson to Start U.S. Flag Marshall Islands Route
Matson has announced that it will introduce a new direct U.S. flag service between Honolulu and the Republic of the Marshall Islands ("RMI") that will shorten cargo transit times to the RMI from the U.S. mainland by as many as eight days. The new biweekly service will call at three ports in the RMI — Kwajalein, Ebeye and Majuro — starting in the first quarter of 2018. Matson has entered into an agreement to purchase a 707-TEU…
Kirby Announces 2Q Results
Kirby Corporation (NYSE: KEX) has announced net earnings attributable to Kirby for the second quarter ended June 30, 2017 of $25.8 million, or $0.48 per share, compared with $38.9 million, or $0.72 per share, for the 2016 second quarter. Second quarter net earnings includes pre-tax expenses of $0.7 million, or approximately $0.01 per share, related to the pending acquisition of Stewart & Stevenson LLC (“S&S”).
Italy Mulls Deployments in Libyan Waters
Tripoli government invited Italy into its waters; some 600,000 boat migrants have come to Italy since 2014. Italy intends to deploy several ships in Libyan waters…
Baltic Index Down Again on Broad Weakness
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Thursday for a second straight day, on weaker rates across all vessel segments.
