Global Trade Surge Fuel Oil Markets
Global trade is growing at the fastest rate for six years - which is both a symptom and a cause of the recovery in commodity markets. World trade volumes were upā¦
France, Italy Agree on STX Shipyard Ownership Split
The French and Italian governments have agreed on a shared ownership deal of the STX France shipyards, but with a clause giving France the right to take control if needed, Le Monde newspaper reported.
Container Lines Speed up Their Assault on Reefer Cargo
Container shipping lines are increasing their share of the seaborne reefer market and are forecast to accelerate their assault over the coming years, according toā¦
Polaris Orders 10 āGreenā VLOCs at Hyundai Heavy
Hyundai Heavy Industries (HHI), the worldās largest shipbuilder, announced today that it signed a $800 Million worth contract to build ten 325,000 dwt VLOCs (Veryā¦
Navios Takes Delivery of Three Bulkers
Navios Maritime Partners, an international owner and operator of container and dry bulk vessels, announced today the delivery of three dry bulk vessels into its fleet.
BIMCO Launches Practical Guide to Support BWM Convention
BIMCO has launched a practical guide for shipmasters managing new ballast water management systems. It coincides with the entry into force of the IMO's Ballast Water Management (BWM) Convention.
Collaboration for Future Ready Shipping
"No stakeholder, alone, can deal with the complexities the planet faces in addressing the challenge of climate change", said International Maritime Organizationā¦
Indian Navy Commissions Waterjet Fast Attack Craft
INS Tarasa, a Water Jet Fast Attack Craft was commissioned into the Indian Navy by Vice Admiral Girish Luthra, Flag Officer Commanding-in-Chief, Western Naval Command at the Naval Dockyardā¦
Kandla Port Renamed as Deendayal Port
The Indian Ministry of Shipping has issued a notification renaming Kandla Port Trust as Deendayal Port Trust with effect from 25th of September, 2017. Kandla Portā¦
US Denies Request for Puerto Rico Shipping Waiver
The Trump administration on Tuesday denied a request to waive shipping restrictions to help get fuel and supplies to storm-ravaged Puerto Rico, saying it would do nothing to address the island's main impediment to shipping, damaged ports. The Jones Act limits shipping between coasts to U.S. flagged vessels. However, in the wake of brutal storms, the government has occasionally issued temporary waivers to allow the use of cheaper, tax free, or more readily available foreign flagged ships.
Zvezda, Hyundai to Build Russian Aframax Tankers
A set of agreements between PAO Sovcomflot (SCF Group), Rosneft, the State Transport Leasing Company (STLC) and Zvezda Shipbuilding Complex will see the construction of five Aframax tankers for the export of crude oil and oil products from 2021. The 114,000 dwt vessels will be built by Zvezda jointly with technology partner Hyundai Heavy Industries (Republic of Korea). The tankers are purpose-designed to use liquefied natural gas (LNG) as their primary fuel and will have an ice class of 1A/1Bā¦
LCS Program: Little Rock Delivered
Within the Littoral Combat Ship Program (LCS), the consortium consisting of Fincantieri, through its subsidiary Fincantieri Marinette Marine (FMM), and Lockheed Martin Corporation, has delivered Little Rock (LCS 9) to the U.S. Navy at FMMās shipyard in Marinette, Wisc. Commissioning is planned for December in Buffalo, N.Y. Little Rock is part of a program started in 2010, which comprises 11 units, all fully fundedā¦
Falck Safety Services, Simwave Partner on Training
Falck Safety Services and Simwave are joining forces to serve the maritime and oil and gas industries with combined simulation and practical training. For more than 30 years, Falck Safety Services has offered safety training for the offshore, maritime and wind industries. On November 8th, Simwave will open its doors to the most advanced maritime simulator center in the world. This co-operation meansā¦
Netherland Hosts International Simulation-based Training Conference
Almost 200 delegates from across the world are gathered at the Grand Hotel Amrâth Kurhaus in Den Haag, The Netherlands this week to hear about the latest developments in maritime training based on state-of-the-art simulation technology. Kongsberg Group, the Norway-headquartered international knowledge-based company serving businesses in the maritime, defense, remote weapons and digitalization sectorsā¦
ICS Chairman: Shipping Industry Focused on Serious CO2 Emission Reduction
āThe world has great expectations for IMO delivering an ambitious greenhouse gas reduction strategy for the international shipping sector. This is the key message from Esben Poulsson, Chairman of the International Chamber of Shipping, speaking on the eve of IMO World Maritime Day, whose theme this year is āConnecting Ships, Ports and Peopleā. Mr Poulsson stressed that ICS and its member national shipownersāā¦
Repeat NYC Ferry Business for Metal Shark
Metal Shark Building Four 350-Passenger Vessels and an Additional 150-Passenger Vessel for NYC Ferry. Louisiana-based shipbuilder Metal Shark is once again buildingā¦
Brookfield Completes Acquisition of Teekay
Teekay Corporation and Teekay Offshore Partners announced that they have completed their previously announced comprehensive transaction with Brookfield Businessā¦
Logimatic, Eiger Marine Join for Fleet Management Solution
Logimatic has formed an alliance with Eiger Marine to market the most comprehensive and operational Fleet Management System to the shipping industry, in Greece and Cyprus.
GOGL Sells 6 Vessels
Golden Ocean Group has announced that it has entered into agreements to sell six Ultramax vessels built at Chengxi between 2015 and 2017 en bloc for USD 142.5 million to an unrelated third party.
FueLNG Completes First Commercial LNG Bunkering in Singapore
FueLNG, a joint venture between Keppel and Shell Eastern Petroleum (Pte) Ltd (Shell), has achieved the first commercial Liquefied Natural Gas (LNG) bunker transferā¦
