China Acquires Global Ports: FT
With the aim to dominate maritime industry China has been acquiring overseas ports with huge investments which crossed USD 20 bln last year, Financial Times reported.
Qatar to Maintain Dominance in Global LNG Market
Qatar will maintain its dominance over the global liquefied natural gas market despite increased supply from Australia and the United States, the weekly report by Qatar National Bank (QNB) said.
Can Greece Become Global Maritime Capital ?
The Greek shipping community is confident that Greece can be a maritime center in near term, said a research report. A study -ārepositioning Greece as a global maritimeā¦
Egypt to Establish USD 4bln Petrochemical Complex in Suez
Egyptian Ministry of Petroleum entered in a partnership with the Ministry of Public Business Sector to establish a petrochemical plant in Suez governorate at a total cost exceeds $4 billionā¦
DSME Bags 4 VLCCs Order from Angelicoussis
South Koreaās Daewoo Shipbuilding & Marine Engineering (DSME) won its second order from Maran Tankers Management (MTM), a subsidiary of Greek shipping giant Angelicoussis Shipping Groupā¦
Solstad Farstad Sells 2010-Built AHTS
Solstad Farstad, which claimed to be the worldās largest OSV firm, has sold a relatively new AHTS vessel Far Shogun, since its formation last month following theā¦
Tidewater Reorganization Gets Court's Okay
Tidewater, one of the world's largest offshore vessel owners, said that a court in Delaware approved the company's plans for a restructuring has, which would eliminate $1.6B in debt.
US to be World's Biggest LNG Exporter by 2022
The International Energy Agency predicted that the US will become the world's No. 2 exporter of liquefied natural gas by the end of 2022 with a capacity of 3.7 trillion cubic feet per yearā¦
BIMCO, Shipdex Joins for Data Digitalization
BIMCO and Shipdex have signed an agreement to support the development and exchange of technical and logistic data across the shipping community, and to include BIMCOā¦
Cyprus to Establish Deputy Ministry of Shipping
Cyprus Parliament has passed a bill establishing a shipping junior ministry, the Cyprus News Agency (CNA) reported quoting government sources. The bill, tabled by the governmentā¦
US Navy to Commission John Finn Today
The Navy will commission its newest guided-missile destroyer, the future USS John Finn (DDG 113), during a 10 a.m. HAST ceremony Saturday, July 15, at Joint Base Pearl Harbor-Hickam, Hawaii.
Acorus Denied Access to Paris MoU Region
M/V Acorus vessel was detained in Port of Asprogirpos (Elefsis) - Greece on 6 July 2017. This is the third detention in the Paris MoU region within the last 36 months.
Microsatellites Launched for Maritime Monitoring, Comms and Science
The Space Flight Laboratory (SFL) announced the successful launch of two Norwegian microsatellites developed and built by SFL for the Norwegian Space Centre with support from the Norwegian Coastal Authority, Space Norway and the European Space Agency. The Soyuz-2.1a rocket carrying the satellites into orbit launched from Baikonur at 06:36:49 UTC Friday, July 14, 2017. Shortly after launch both satellites were contacted from ground stations in Svalbard and Vardo, Norway.
Vancouver Shipyards Promotes Corr to VP
Seaspanās Vancouver Shipyards (VSY) has appointed Jim Corr as Vice President ā Planning & Estimating. Corr joined VSY in January 2017 as a consultant, and in June 2017 was promoted to Vice President, Planning & Estimating. In this role, Corr is responsible for providing leadership and direction on network planning, detail planning and production control, as well as estimating for new ship construction.
E.R. Schiffahrt to Manage 3 More Maersk Ships
Hamburg-based ship manager E.R. Schiffahrt informs it has been appointed by Maersk Line to manage three further vessels. With this new mandate, E.R. Schiffahrt increasesā¦
Stronger Rates Across Vessels Lift Baltic Index
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Friday as rates climbed further across vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 12 points, or 1.35 percent, at 900 points. The panamax index rose 32 points, or 2.8 percent, at 1,173 points. Average daily earnings for panamaxesā¦
Tuco Marine Launches Aquaculture Service Boat
Denmark based boat builder Tuco Marine has launched a newly developed boat for high-pressure cleaning for fish farm operations in Norway. According to Tuco Marine, the 15-meter workboat ā an expansion of its ProZero vessel series ā has been designed by the builderās engineers in collaboration with aquaculture experts to match the exact demands of the industry. In order to preserve a healthy fish population and a steady production rateā¦
NASSCO Christens Yard Tug Blue Fin
U.S. shipbuilder General Dynamics NASSCO has taken delivery of a new tug, Blue Fin, to support its waterfront activities. The new tug, built by Marine Group Boat Works in National City, Calif., was christened July 8 at a ceremony at NASSCOās shipyard in Barrio Logan in San Diego. Bonnie Fanelli, the wife of 43-year NASSCO employee and assistant dockmaster Tom Fanelli, christened the tug. The name Blueā¦
Asia Tankers-VLCC Rates Under Pressure on Oversupply
Charterers set to split VLCC cargoes if owners push rates higher. Freight rates for very large crude carriers (VLCCs) are coming under pressure from a build up inā¦
LNG Prices Low on Oversupply
The Asian market for liquefied natural gas (LNG) remained subdued this week, weighed down by oversupply concerns and as the northern hemisphere exits its high demand summer season.
