Singapore Steps Up Safety At Sea
The Maritime and Port Authority of Singapore (MPA) has stepped up efforts to enhance safety at sea during the year-end festive season. As everyone unwinds during this period…
Alabama, APM Invest in Port of Mobile
The Alabama State Port Authority (ASPA) and APM Terminals boards of directors in separate actions have approved a $49.5 million expansion of the container facility at the Port of Mobile.
Dynagas Announces TC for LNG Carrier Pair
Dynagas LNG Partners has announced that a Partnership has entered into a new three year charter agreement with Statoil ASA (Statoil) for the employment of the Arctic Aurora…
Diana Shipping Updates on Time Charter Contracts
Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it…
IMO Helps to Prevent Stowaways
International Maritime Organization (IMO) is continuing to assist countries with the highest number of stowaway incidents by spreading the knowledge of effective port security measures…
Development of India's National Waterways
Under the National Waterways Act, 2016 of India, a total of 111 waterways have been declared as National Waterways (NWs). Out of these 111 NWs, NWs-1, 2 and 3 are…
ABS Approves New VLEC Concept
ABS, a leading provider of classification and technical services to the global marine and offshore industries, granted Approval in Principle (AIP) for a new very…
Port Canaveral Welcomes Höegh Sydney
Port Canaveral staff were on hand to welcome the captain and crew of the Höegh Sydney roll-on/roll-off (RO/RO) vessel on her inaugural visit to the Port. The Sydney’s…
ABS Grants AIP for LNG Power Vessel
ABS has granted Approval in Principle (AIP) to Hudong-Zhonghua Shipbuilding (Group) Co., Ltd., for its LNG Power Vessel. The vessel is designed in accordance with…
NIMASA Employs 20 Outstanding Seafarer Cadets
Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside announced the decision of the Executive Management of the…
Euronav to buy Gener8 Maritime
Tanker operator Euronav is to buy U.S. rival Gener8 Maritime to create one of the world's top oil shipping fleets, the companies said on Thursday, in an all-stock deal worth an estimated $490 million.
Shipbuilding First: Wison Delivers Barge-based FSRU
A shipbuilding first was recorded with Exmar took delivery of the world's first barge-based FSRU and secures long-term employment for the unit. Final delivery of the world’s first barge-based floating LNG storage and re-gasification unit (FSRU) from the Wison Shipyard in Nantong, China. The unit has a re-gasification capacity of up to 600MMSCFD and a storage capacity of 26,000 m³ of LNG. This delivery…
UK's New $4.2 Bln Aircraft Carrier Has a Leak
Britain’s biggest ever warship, the new 3.1 billion pound ($4.2 billion) aircraft carrier HMS Queen Elizabeth, has a leak and needs repairs, the Ministry of Defence (MoD) said on Tuesday. The 65,000-tonne ship is hailed as Britain’s most advanced military vessel and was only commissioned by the queen two weeks ago but it has a problem with a shaft seal that was identified during sea trials, the MoD said.
USCG Releases Final Statement on El Faro Sinking
The U.S. Coast Guard has released its final action memo on the loss of the S.S. El Faro and its 33 crew members during a 2015 hurricane near Crooked Island, Bahamas. In the final action memo, Commandant Adm. Paul Zukunft approved the findings of fact, analysis and conclusions detailed in the Marine Board of Investigation’s Report of Investigation (ROI), essentially marking it as the official Coast Guard position on the cause of the marine casualty.
Ferry Sunflower is Test Bed for "Intelligent Awareness"
The maritime industry increasingly moves towards autonomy, and Rolls-Royce has been a major driver of the initiative globally. Today Rolls-Royce announced a deal with Japanese multi-modal transport company Mitsui O.S.K. Lines (MOL), to collaborate in the development of its intelligent awareness system. Specifically the intitiative will be trialled onboard the 165-m passenger ferry Sunflower, owned and operated by Mitsui O.S.K.
Goss, Martus Receive Thomas Crowley Awards
Crowley Maritime Corporation’s Zoe Goss, director, marine recruiting and development, and Ray Martus, vice president, vessel construction management, have been honored with 2016 Thomas Crowley Awards, the company’s highest honor for its employees. Goss and Martus each received a limited-edition bronze sculpture that depicts company founder Thomas Crowley ferrying goods in a row boat across San Francisco Bay in the early 1890s.
Wärtsilä Acquires Trident B.V.
Wärtsilä said it has acquired Netherland based Trident B.V., a specialist in underwater ship maintenance, inspection and repair services. The acquisition is expected to close in January 2018. The enterprise value of the transaction is €17.5 million ($20.8 million) and an additional €3.5 million ($4.2 million) earn-out, based on the business performance in the coming years. The turnover of Trident is approximately €9 million ($10.7 million).
Second-hand Ship Sales Reach 10-year High
Shipping struggles to recover from worst crisis in 30 years; market for new ships remains weak. Sales of second-hand ships reached a 10-year high on cautious optimism…
Philippine Ferry Capsizes with 251 Aboard
Four people were killed and seven were missing after a Philippine ferry with 251 people on board capsized during bad weather on Thursday near the capital, Manila, disaster officials and a coastguard spokesman said. Accidents involving boats sailing between the many islands of the Philippines are common. Vessels are often overloaded but the coastguard said that was not the case on Thursday and the ferry had the capacity to carry 286 people.
Asia Dry Bulk-Capesize Rates to Fall as Cargo Dries Up
Rates from Brazil to China fall by $4/tonne, $6,000/day; queues at Dalrymple Bay to ease, return to normal in January. Freight rates for large dry cargo ships on…
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