Wärtsilä to Power Two New Fishing Trawlers
Wärtsilä said it has been contracted to provide the engines and the complete propulsion package, including the propulsion control system for two new fishing trawlers being built for Murmansk, Russia based Nord Pilgrim Ltd. The ships are to be constructed at the PJSC Vyborg shipyard in Russia. The orders with Wärtsilä were booked in June, 2017. The 80-meter-long trawlers will be reinforced to Ice3 class…
ASEAN, China Adopt Framework for Code on South China Sea
Foreign ministers of Southeast Asia and China adopted on Sunday a negotiating framework for a code of conduct in the South China Sea, a move they hailed as progress…
Marine Jet Power Names Gibson Americas Sales Director
Marine Jet Power, Inc. (MJP) has hired Philip Gibson as Director of Sales, responsible for sales and business development efforts in North, South and Central America. Gibson brings to the role more than 30 years’ military maritime experience, having most recently served as a Regional Sales Manager for Brunswick Commercial & Government Products (Boston Whaler). He retired from the U.S. Navy in 2005 with the rank of Master Chief Petty Officer, where he served as a U.S.
Cyber Threats Prompt Return of Radio for Ship Navigation
The risk of cyber attacks targeting ships' satellite navigation is pushing nations to delve back through history and develop back-up systems with roots in World War Two radio technology. Ships use GPS (Global Positioning System) and other similar devices that rely on sending and receiving satellite signals, which many experts say are vulnerable to jamming by hackers. About 90 percent of world trade is transported by sea and the stakes are high in increasingly crowded shipping lanes.
Crashed US Military Aircraft Found off Australian Coast
An Australian Navy survey ship has located a U.S. military aircraft that crashed off the Australian northeast coast at the weekend and left three Marines missing, Defence Minister Marise Payne said on Monday. The navy divers will conduct remotely operated underwater vehicle operations before considering sending down divers, Payne said in a statement. The U.S. Marine Corps had suspended a search for…
Baltic Index Rises for Sixth Day Straight
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday for the sixth straight session, helped by higher rates for larger vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 4 points, or 0.39 percent, at 1,036 points. The capesize index increased 18 points, or 1.1 percent, to 1,655 points.
Milaha Plans Base in Oman after Trade Hit by Diplomatic Rift
Qatar Navigation (Milaha), a top Doha-based shipping and logistics group, said it was shifting its regional trans-shipment hub from Dubai to the Omani port of Sohar…
China Adopts Maritime Code with ASEAN
Foreign ministers of Southeast Asia and China adopted on Sunday a negotiating framework for a code of conduct (COC) in the South China Sea, Reuters reported. The…
Liberty House Eyes ABG Shipyard
UK-based global metals and engineering firm controlled by billionaire Sanjeev Gupta Liberty House Group is planning to buy-out India's debt-laden ABG Shipyard. According…
Dock Workers Injured in Chemical Spill at Port of Long Beach
Twelve people, including one firefighter, sustained minor to mild injuries after a container ship leaked a hazardous material in the Port of Long Beach in Southern California, WSJ reported.
Suez Canal, the Fastest Maritime Corridor
Egypt's Suez Canal has maintained its classification as the most important and fastest maritime shipping corridor despite the economic challenges faced by the world in 2015 and 2016…
New Route for Container Trains in UTLC Services
In connection with the increased cargo transportation by accelerated container trains en route China/ Europe/ China, UTLC JSC jointly with Belintertrans-Germany LLC…
IOC to Acquire 50% Stake in Mundra Terminal
India's state-owned Indian Oil Corporation Ltd. on Friday said it will acquire up to 50 percent stake in Adani Group-backed Gujarat State Petroleum Corp (GSPC) Mundra…
Iran's Chabahar Port will Start by 2018
The Indian Minister for Shipping Nitin Gadkari has said that the government is keen on developing Chabahar Port in Iran and is hopeful of starting operations by 2018.
South Korea’s 14 Cargo Carriers for Alliance
South Korea’s 14 container carriers will sign a memorandum of understanding next Tuesday to establish the Korea Shipping Partnership (KSP), the Korea Shipowners’ Association said, reported Pulse News.
GE Shipping to Buy L2R Product Carrier
The Great Eastern Shipping Company (GE Shipping) has signed a contract to buy a second-hand L2R product carrier of about 105,000 dwt, the company said in a press statement.
Diana Shipping Extends Time Charter with RWE
Diana Shipping has announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with RWE Supply & Trading GmbH…
Dalian Port Merges Container Terminal Facilities
China's Dalian Port (PDA) Company announced that its subsidiary Dalian Container Terminal Company inked deals to acquire the total assets, liabilities, interests…
Eagle Bulk Takes Delivery of Madison Eagle
Eagle Bulk Shipping, one of the world’s largest owner-operators in the Supramax/Ultramax segment, today announced that it has taken delivery of the M/V Madison Eagle…
Essar Ports Ventures Overseas with Mozambique
India's Essar Ports has signed a 30-year concession agreement with the Government of Mozambique to develop a new coal terminal at Beira Port, as part of a Public Private Partnership (PPP) project.
