Swire, Siem Sign Vessel Bareboat Charter
Swire Seabed has signed a three year bareboat charter with Siem Offshore for the LCV Siem Stingray. The vessel, which will be re-named Seabed Stingray, is an Inspection…
Cosco to Raise $2 billion to Build Ships
Chinese container carrier Cosco Shipping is thirsty for expansion and will raise CNY 12.9billion (USD 2billion) in new capital, according to Reuters report. The…
Sojitz Buys Spanish LNG Terminal
Japan's Sojitz Corporation has acquired full ownership of First State Regasificadora (FSR), subsequently changing the company’s name to Sojitz Regasificadora (SR).
Progress in Developing GHG Strategy
The second meeting of the Intersessional Working Group on Reduction of Greenhouse Gas (GHG) Emissions from Ships (23-27 October) has made progress in starting to…
MOL Develops Mariner Safety Education Tool
Mitsui O.S.K. Lines announced that it has developed a mariner safety education tool goggle, which uses virtual reality (VR) technology created by Tsumiki Seisaku.
Star Bulk Rolls Out Logistics Venture
Star Bulk Carriers, a global shipping company focusing on the transportation of dry bulk cargoes, announced the expansion and diversification of the Company's commercial…
Unsafe Mixed Migration by Sea
Unsafe mixed migration by sea continues to claim many lives, despite the strenuous efforts made by Governmental and naval rescue services, often supported by merchant vessels…
Brent Oil Stays Above $60
Brent oil held above $60 a barrel on Monday, near its highest since mid-2015, on expectations OPEC-led production cuts would be extended beyond March although rising Iraqi exports put a lid on prices.
Diamond Offshore Shares Buoyant
As the offshore energy market continues to search for signs of recovery, latest news from Diamond Offshore points to better times ahead. On Monday, October 30, 2017…
Ivy Marine Obtains SUB M Certification
Helm Operations assisted Ivy Marine, LLC obtain its SUB M TSMS Certification. Ivy Marine, LLC, a two-towboat company out of Mobile, AL is now the third and smallest company in the United States to obtain their TSMS Certificate. Ivy Marine’s President. “Before Helm CONNECT, we used a paper-based system for all of our required forms and reports on the boats. Helm CONNECT allowed us to increase efficiency across the business…
Hempel Launches New Coatings
Hempel is launching two new antifouling coatings, Globic 9500M and Globic 9500S. According to the manufacturer, the coatings offer customers a potential 2.5% reduction in speed loss, meaning a significant fuel savings and lower CO2 emissions improving the operational efficiency of a vessel and minimising the operator's environmental footprint. This coating series builds on Hempel's Globic technology to deliver superior antifouling performance for new buildings and dry-dockings…
U.S. Oil Exports Boom, Pushing Infrastructure to Limits
Tankers carrying record levels of crude are leaving in droves from Texas and Louisiana ports, and more growth in the fledgling U.S. oil export market may before…
MPC Container Ships Adds Two More Boxships
Oslo-based shipping company MPC Container Ships has continued its fleet expansion with the addition of two more container vessels; to take delivery of the vessels next month.
GoodBulk Acquires up to 13 Capesize Vessels
GoodBulk, an owner and operator of dry bulk vessels announced that it has entered into an agreement to acquire 7 to 13 Capesize dry bulk carriers from entities managed by CarVal Investors.
Cosco Ports Q3 volume up 17%
Cosco Shipping Ports saw third quarter throughput rise 16.6% to 23.10m TEU from 19.81m TEU in the previous corresponding period. "Driven by the growth of international…
WFW Advises BPM on Navigazione Refinancing
International law firm Watson Farley & Williams (WFW) advised Banca Popolare di Milano S.p.A. (BPM) regarding a US$28.8m loan facility granted to L.G.R. di Navigazione and secured by…
Pangaea Adds to Fleet
Pangaea Logistics Solutions has executed a memorandum of agreement to purchase the vessel M/V Tenmyo Maru, 58,749 dwt., built in November 2008 at Tsuneishi Group (Zhoushan) Shipyard.
Shipping Industry 'Broadly Satisfied' with IMO Progress on CO2 Strategy
The International Chamber of Shipping (ICS), BIMCO, INTERCARGO and INTERTANKO represented the global shipping industry throughout this week's intensive discussions…
Ship Operating Costs to Increase for 2017 and 2018
Vessel operating costs are expected to rise in both 2017 and 2018, according to Moore Stephens' survey. Repairs & maintenance and spares are the cost categories…
ABS Issues Industry’s First Managed Pressure Drilling Notation
ABS, a leading provider of classification and technical services to the marine and offshore industries, issued a managed pressure drilling (MPD) notation to Seadrill’s…
