Former MSC Contractor Sentenced for Bribery Conspiracy
A former owner of a government contracting company that serviced the Military Sealift Command (MSC) was sentenced to 60 months in prison, and to pay a $15,000 fine…
Baltic Index Rises on Improved Capesize Rates
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for the second straight day on Tuesday, supported by higher demand for capesize vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 19 points, or 2.01 percent, at 965 points. The capesize index gained 106 points, or 8.65 percent, to 1,331 points.
France Wants Private Shareholder for STX
France: Italy's Fincantieri best option. France wants a private investor for the STX France shipyards and Fincantieri is the best option but the government will…
Simulated Maneuver of Shell’s Prelude FLNG Facility
At 488m in length, and longer than four football pitches, Shell’s Prelude FLNG facility was always going to represent a formidable challenge even for the skilled tug masters who were charged with towing the facility from the shipyard in South Korea where it was constructed, and delivering it to its final destination, a remote gas field 475 kilometers off the coast of Western Australia. But practice makes perfect…
European Oil Majors Enter U.S. Offshore Wind Markets
Statoil, Shell, DONG Energy turn to U.S. offshore wind; oil firms bring big budgets, offshore tech and risk experience. Some European oil majors have made inroads into the emerging U.S.
Panama Canal Wins $193 mln Arbitration
The head of the Panama Canal Authority said on Monday a Miami-based arbitration board rejected a demand by Spanish-led GUPC consortium for $192.8 million to cover…
Asia Traders Consider Diesel, Jet Fuel Trades to Europe
Rise in enquiries on booking long-range vessels; shipping rates likely to go up. Traders in Asia are considering shipping diesel and jet fuel to Europe after a fire…
Japan's Big Three Shippers Bullish
Japan’s big three shippers -Mitsui OSK Lines (MOL), Nippon Yusen Kabushiki Kaisha (NYK) and Kawasaki Kisen Kaisha (K Line) - have reported profits for the first quarter…
Tidewater Emerges from Chapter 11 Bankruptcy
New Orleans-based Tidewater Inc and its affiliated chapter 11 debtors have emerged from bankruptcy after successfully completing its reorganization pursuant to…
LPG Shipping Faces Rough Weather
After reaching record levels during the first four months of 2017, U.S. LPG export cargoes have seen a number of cancellations or deferments in June and July, said Dorian LPG in a press statement.
Nimitz Carrier Strike Group in Arabian Gulf
The Nimitz Carrier Strike Group (CSG) is carrying out strike sorties from the Arabian Gulf in support of Operation Inherent Resolve (OIR). The first aircraft launched…
Bunker Industry Prepares for Sulphur Limit in Ship Fuel
An audience of ship owners, fuel suppliers, traders and maritime technology providers attending the IBC Asia Bunkering conference in Singapore has heard about International…
Oceanteam Bags Cable Transport Gig
Oceanteam Solutions has signed a contract with a European cable manufacturer regarding the supply of a transport vessel, turntable and auxiliary equipment for the…
Chinese Port Operators Optimistic of Future
The outlook for global container port demand growth is now more optimistic, and Chinese players are on the acquisition trail in an aggressive and highly confident manner, said a report from Drewry.
Global Ship Lease Reports Q2 Profit
The London-based Global Ship Lease (GSL) on Monday reported second-quarter profit of $7.6 million. The containership owner posted revenue of $40.3 million in the period.
Eighteen More Ferry Terminals in India
Eighteen ferry terminals are to be constructed in six Indian cities of Varanasi, Patna, Munger, Bhagalpur, Kolkata and Haldia on the National Waterways-I under the Jal Marg Vikas Project (JMVP).
OSK-ShipTech Secures Danish Ferry Project
The Ferry Company Læsø wants to examine the need for a new ferry between Læsø and Frederikshavn and puts the project in the hands of OSK-ShipTech A/S. Danish company OSK-ShipTech A/S said it will lead a project examining the potential purchase and construction of a completely new ferry sailing between Læsø and Frederikshavn in Denmark. OSK-ShipTech A/S signed a contract to do the preliminary examinations for The Ferry Company Læsø.
FarSounder Sonar for RRS Sir David Attenborough
The new $180 million polar research vessel RRS Sir David Attenborough currently under construction at the Cammell Laird Birkenhead shipyard in the Port of Liverpool City Region, U.K. is slated to be equipped with FarSounder's longest range sonar system, the FarSounder-1000. The new, state-of-the-art ship, owned by Natural Environment Research Council (NERC), will enable scientists to explore and undertake science in new areas of the Antarctic and Arctic seas.
New US Navy Destroyer Passes Builders Trials
The U.S. Navy’s newest guided missile destroyer Ralph Johnson (DDG 114) has successfully passed builder’s sea trials. The Arleigh Burke (DDG 51) destroyer spent more than three days in the Gulf of Mexico, as Huntington Ingalls Industries' (HII) Ingalls Shipbuilding division tested the ship’s main propulsion, combat and other ship systems. “It’s always a great accomplishment when our shipbuilders successfully take a ship to sea for the first time…
Wärtsilä Scrubbers for New Japanese Bulk Carriers
Wärtsilä informs it has been contracted to supply exhaust gas cleaning systems for two new 56,000 DWT Handymax bulk carriers being built at Oshima Shipbuilding Co., Ltd. in Japan for Tokyo based NYK Bulk & Projects Carriers Ltd. (NYK BP). The newbuilds will be the first vessels owned or chartered by NYK Group having exhaust gas cleaning systems installed. By fitting the scrubber systems, the ships will be compliant with the International Maritime Organization’s (IMO) SOx emissions regulations…
