France to Nationalize STX if Italy Deal Fails
French govt has made 50/50 ownership offer to Italy; Minister says offer on the table until Thursday. The French state said on Wednesday it would nationalise the…
Is China Shipbuilding Sinking into Tough Waves?
The world’s largest shipbuilding nation China is facing some tough years ahead as new-vessel orders weaken and order backlogs decline, Caixin reported quoting China…
DP World Reports Q2 10.7% Gross Volume Growth
DP World Limited handled 34.0 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first half of 2017, with gross…
Singapore Invests in SatCom to Enhance Maritime Safety
Maritime and Port Authority of Singapore (MPA) and Civil Aviation Authority of Singapore (CAAS) have invested in a new Medium-altitude Earth Orbit Search and Rescue…
CMA CGM Signs Pact with Port of Kribi
The CMA CGM Group is pleased to announce that on July 25, 2017, the official signing ceremony for the concession agreement of the new container terminal was held in Kribi…
Costamare Adds Three Vessels
Costamare accepted delivery of three second hand vessels during the last quarter ended June 30, 2017, said Gregory Zikos, Chief Financial Officer of Costamare. In…
Truman Completes Sea Trials
USS Harry S. Truman (CVN 75) returned July 25 to its homeport at Naval Station Norfolk for the first time in nearly a year, following the completion of sea trials.
Hyundai Merchant Marine Asia-US West Coast Volume Up by 77%
Hyundai Merchant Marine (HMM) has announced that its Asia-US west coast (USWC) volume in June 2017 increased 77% year-on-year. According to PIERS Data, HMM’s Asia…
ReCAAP, OCIMF Sign Asian Anti-Piracy MoU
The safety of navigation is vital to the safety, security and economic activities of all stakeholders traversing sea routes in Asia—the region with some of the busiest seas in the world.
Newbuild Orders Drop during H1 2017
Newbuild orders for tankers and bulkers have increased during the first half of 2017, though overall the number of orders placed in all vessel segments has more than halved when compared to the same period in 2015, according to VesselsValue. The most glaring example is in the offshore vessel sector: 50 offshore vessels were ordered in H1 2015, compared to zero orders during H1 2017. Similarly, orders for newbuild containerships…
Abu Dhabi Ports: No Immediate Plans for a Listing
Abu Dhabi Ports has no plans to launch a public sale of shares in the short term, the chief executive of the state-owned company told Reuters on Tuesday. "There are no immediate plans to go public," Mohamed Juma al Shamisi said when asked if the company planned to sell shares and a subsequent listing. His comments came after Bloomberg News reported that Abu Dhabi Ports is considering an initial public offering…
US Navy Ship Fires Warning Shots near Iranian Vessel
A U.S. Navy ship fired warning shots when an Iranian vessel in the Gulf came within 150 yards (137 meters) on Tuesday in the first such incident since President Donald Trump took office in January…
Samskip Scoops up Nor Lines
European multimodal transport provider Samskip said it will acquire activities associated with Nor Lines AS, marking a major expansion of its shipping, transport and logistics businesses in Norway. Subject to approval by Norway’s competition authorities, Samskip has agreed with the DSD Group to acquire the activities of Nor Lines, which generate an average annual turnover of €110 million ($128.2 million).
US-built Liquefied Gas Barge Delivered
Harvest, an ABS-classed articulated tug barge (ATB) purpose-built to transport liquefied anhydrous ammonia, has been delivered to a subsidiary of Savage Companies by U.S. shipbuilder Vigor. Harvest is the first complex liquefied ammonia transport barge built in the U.S. since 1982. “The delivery of this ATB represents a landmark achievement for all of the project stakeholders as well as the U.S. shipbuilding industry,” said ABS Americas Division President Jamie Smith.
The Marshall Islands Move to Head of the Class
Leveraging 27 worldwide offices, the RMI Registry has been gaining market share year-on-year. Surging tonnage and a solid record for safety has pushed the registry to the head of the class.
Merchant Ship Collides with UAE Navy Vessel
A merchant ship collided with a United Arab Emirates navy boat as it was taking part in a routine mission off UAE territorial waters in the Gulf on Tuesday, the UAE armed forces said.
Broadband Demand
Satellite-based connectivity has always played a critical role for the maritime sector. As the communications expectations of ship owners, passengers and crews continue to grow, maritime service providers are seeing a transformation in the type and quantity of applications that need to be supported at sea. The advent of VSAT broadband services is driving a shift away from traditional, low-level L-band connections that ship operators have relied upon for decades.
Op/Ed: The Real Story Behind the Attack on SMFF Regulations
ASA Sets the Record Straight. The U.S. salvage industry came under attack at a recent Congressional hearing on May 3 by a special commercial interest that is promoting its own agenda. The American Salvage Association (ASA) intends to set the record straight. At the hearing, the attacking group made false allegations that the Salvage and Marine Firefighting (SMFF) resource providers are not willing…
Vroon W2W Vessel Upgraded ahead of First Charter
VOS Start, Vroon BV’s first DP2, subsea-support, walk-to-work (W2W) vessel has departed Damen Shiprepair Oranjewerf following the installation of a first of its kind motion-compensated gangway system by Barge Master and Bosch Rexroth, the extended installation of a Kongsberg reference system (including a ‘windfarm module’), and an active heave-compensated crane from SMST. The 80m VOS Start arrived at Oranjewerf on June 1 from her build yard in China…
Baltic Index Firm on Capesize Support
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Tuesday, supported by higher rates for capesize vessels.
