Demand Fuels Boxship Freight Rates for Japan's Big Three
Japan's big three shippers on Monday reported profits for the first quarter, bouncing back from losses a year earlier and raising hopes the firms could be emerging…
Baltic Exchange to Shutter Baltex
The Baltic Exchange will close its freight derivatives platform Baltex at the end of the year after a strategic review, the London-run business said on Monday. Baltex…
BW LPG Establishes a JV in India
BW LPG Limited and Global United Shipping India Private Limited, have agreed to establish a joint venture in India in which the parties will own 50% each. The purpose of the new joint venture…
SOHAR Port Breaks Container Throughput Record
SOHAR has released new figures showing a solid first-half of 2017, as both the Port and Freezone continue to play a crucial role in the diversification and globalisation of Oman’s economy.
Seaspan CEO Gerry Wang to Retire
Seaspan Corporation announced that Gerry Wang, its Chief Executive Officer, Co-Chairman and Co-Founder, will retire from Seaspan effective December 31, 2017 to focus…
Hyundai Heavy Wins $600 Vitol Tanker Contract
The Korean shipbuilder Hyundai Heavy Industries (HHI) won a contract worth up to $600 million from Netherlands-based energy and commodities company Vitol to build as many as eight gas tankers…
Sri Lanka in China Port Deal
Sri Lanka’s government on Saturday signed a long-delayed agreement to sell a 70% stake in a USD 1.5-billion port to China in a bid to recover from the heavy burden…
Bahri Pushes for Saudi Arabian Entry to IMO Executive Council
Senior representatives from Bahri recently joined members of a Saudi Arabia delegation for board meetings of the International Maritime Organization (IMO), which…
V.Group Appoints Ian El-Mokadem as CEO
UK-based ship management company V.Group announced the appointment of Ian El-Mokadem as Chief Executive Officer and Martin Gaard Christiansen as Chief Commercial Officer.
USS Gerald R. Ford Completes First Arrested Landing
Less than one week after Pres. Donald J. Trump commissioned the U.S. Navy's newest aircraft carrier, USS Gerald R. Ford (CVN 78) launched and recovered its first fixed-wing aircraft July 28…
Konecranes Won Repeat RTG Order from Port Houston
During the second quarter 2017, Konecranes received an order for 9 RTGs from Port Houston, Texas, USA. This is a repeat order, the first Konecranes RTGs to Port Houston were delivered in 2003.
Samsung Heavy Back in Black in Q2
Cost reductions paved the way for South Korea's Samsung Heavy Industries (SHI) to swung to the black in the second quarter of 2017, though sales income decreased in the period reported Yonhap.
Indian Ports Buoy by Healthy Growth in Cargo
Indian port sector players will continue to experience healthy growth in cargo in the near term, PTI reported quoting rating agency Icra. Traction in Inland Waterway…
d'Amico Tankers Updates Ship Sales and Purchases
In January 2017, d’Amico Tankers sold MT High Endurance and MT High Endeavour, two 46,992 dwt medium-range product tanker vessels, built in 2004 by STX, South Korea…
Capital Product Partners Sings Pact for $460 Mln Refinancing
Capital Product Partners entered into a firm offer letter for a senior secured term loan facility of up to $460.0 million with HSH Nordbank AG and ING Bank as mandated…
US Navy to Commission Rafael Peralta Today
The US Navy will commission its newest guided-missile destroyer, the future USS Rafael Peralta (DDG 115), during a 10 a.m. PDT ceremony Saturday, July 29, at Naval…
APM Terminals Tangier Celebrates 10 years in Morocco
APM Terminals Tangier welcomed the Munich Maersk, one of the world’s largest container vessels, as it made its maiden call to celebrate the 10th anniversary of the…
Mozambique Gets Fresh Training on Port Security
A five-day workshop on maritime security and The International Ship and Port Facility Security (ISPS) Code concluded today in Maputo, Mozambique (24 -28 July). The…
GPLink, Wheelhouse Partner on Maintenance & Tracking
gplink has announced a partnership with Wheelhouse Technologies, creating a comprehensive perspective on vessel upkeep through seamless integration to the Wheelhouse marine maintenance system. Pleasure craft, commercial vessel, and fleet owners can now enjoy the benefits of real-time vessel monitoring, tracking and support, from gplink along with a simple and easy-to-use interface; charting the course to proper vessel maintenance, spare parts management, and document tracking.
Iridium Announces Third Iridium NEXT Launch Date
Iridium Communications Inc. (NASDAQ: IRDM) has announced that the upcoming Iridium NEXT launch has been targeted for September 30, 2017 at 6:30 a.m. PDT. This launch will deliver another 10 Iridium NEXT satellites to orbit on SpaceX’s Falcon 9 rocket and will bring the total number of Iridium NEXT satellites deployed to 30. SpaceX selected the September 30th launch date based on rocket and Vandenberg Air Force Base range availability.
