Repsol Suspends Drilling on Vietnam Oil Block Disputed by China
Spain's Repsol said it had suspended oil drilling in a block off Vietnam, where the prospecting in South China Sea waters claimed by China had infuriated Beijing…
Rescue Boat Seized for Allegedly Aiding Illegal Migration
Italian coastguards seized a migrant rescue boat operated by a German aid group in the Mediterranean due to suspicions it had aided illegal immigration, the police said on Wednesday.
Italian Minister Warns of Rigid Response to French Shipyard Move
Paris and Rome should be able to resolve their differences over the sale of a disputed shipyard, Italy's industry minister said on Wednesday, but he hinted that French investors might yet be hurt because of the row. The comments from Industry Minister Carlo Calenda could spell trouble in particular for French media group Vivendi , which has taken control of Italy's main telecom provider Telecom Italia (TIM).
The Evolving ATB Jones Act Business Model
Today’s ATB play seemingly has legs for the long haul, as operators build and market needs fluctuate. The refined product trades are always in flux. Similarly, the supply patterns for products (and for chemicals derived from oil refining) are subject to constant change. At the same time, the distribution of refined petroleum products sees great benefit from the efficiency of Articulated Tug Barges (ATBs)…
Playing Catch: Northern Europe Fisheries Fleet Review
Record hauls of wild fish, an unprecedented return on farmed salmon, finance and subsidy garner new orders, new designs and emboldened suppliers. In Scandinavia, particularly Norway, rich, carefully managed fisheries raise just one question for the commercially minded — which wave of business to ride. A growing number of large and small players are in on the action, as historic profits are heralded up and down the supply chain.
Tokyo, Paris MOUs Launch Navigation Safety Push
The Maritime Authorities of the Tokyo and the Paris Memoranda of Understanding (MoU) on Port State Control will launch a joint Concentrated Inspection Campaign (CIC) on safety of navigation. The aim of the CIC is to check compliance with the applicable requirements of the SOLAS Convention, the overall status of the vessel’s navigation safety, and the competency of crew involved in navigation operations.
Seaspan Enlists DNV GL for EU-MRV Verification
Seaspan Corporation enlists help from DNV GL as a partner for EU-Monitoring, Reporting and Verification (MRV) of their entire fleet. EU-MRV regulation aims to quantify…
Dometic Names Hickinbotham Product Manager EMEA Marine
Dometic has appointed 18-year company veteran Paul Hickinbotham as its Product Manager EMEA Marine. In this newly created role, Hickinbotham is tasked with helping to drive product innovation and customer responsiveness by channeling the latest consumer feedback and market intelligence for each specific region in both the OEM and after-market sectors through to Dometic’s product development and sales teams.
Baltic Index Buoyed by Capesize, Panamax Rates
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Wednesday on stronger rates for capesize and panamax vessels.
ClassNK Issues EU MRV Monitoring Plan Approval to Iino Marine Service
Classification society ClassNK has issued approval certification to Iino Marine Service Co., Ltd. on assessment of an EU MRV Monitoring Plan for its chemical tanker Chemroad Wing as an EU MRV verifier on July 28. The issuance of this approval certification is a first for ClassNK. EU MRV is an EU regulation on the monitoring, reporting, and verification of carbon dioxide (CO2) emissions from vessels.
Liebherr Bolsters Its Australia Maritime Business
Liebherr Maritime said it will establish full service, spares and sales activities in Australia, New Zealand and the Oceania region to create better support for maritime customers using factory trained and locally recruited engineers. Additionally, Liebherr representative Morrow Equipment Australia will focus on the purchase and rental of tower cranes in the future. Liebherr has been present in Australia since the early ’70s, leasing its first premises in Kilkenny in 1983.
WFSA's Annual Ferry Design Competition Kicks Off
The WORLDWIDE FERRY SAFETY ASSOCIATION (WFSA) has announced that entries will be now accepted for its annual student competition for the design of a safe and affordable ferry.
Italy Gives Green Light to Libya Naval Mission
Italy to send two boats to help Libya coastguard; plans for larger operation thwarted by Libya. Italy's parliament authorised on Wednesday a limited naval mission…
Great Workboats of 2017
Will your vessel be honored as a “Great Workboat of 2017” in the December 2017 edition of MarineNews? Every year, MarineNews profiles the most outstanding vessels built in shipyards in North America…
Hyundai Heavy Profit Falls
South Korea’s shipbuilding giant Hyundai Heavy Industries (HHI) announces a 49% drop in net profit for the second quarter following a slowdown in ship orders. According to Yonhap…
Dry Bulk Shipping Demand to Continue: Drewry
Drewry expects that dry bulk shipping charter rates will continue to recover with firm demand and controlled fleet growth, according to the latest edition of the Dry Bulk Forecaster…
CMA CGM Organized Towing Exercise
The Maritime Prefecture of the Channel and the North Sea, in liaison with the CMA CGM Group and Les Abeilles (Bourbon Group), organized a towing exercise between a large container ship…
2017 IMO Award for Exceptional Bravery at Sea
Two members of the Houston Pilots in the United States are to receive the 2017 International Maritime Organization (IMO) Award for Exceptional Bravery at Sea. The…
CMA CGM Launches Direct Service to Black Sea
In line with its strategy for the development of short lines in the Mediterranean and Black Sea, the CMA CGM Group has rolled out the Black Sea Med Express service…
Theodore Roosevelt Strike Group Begins COMPTUEX
The ships of the Theodore Roosevelt Carrier Strike Group (TRCSG) departed, Aug. 1, for Composite Training Unit Exercise (COMPTUEX), the final work-up phase prior…
