Navios Readies for Rickmers Vessel Acquisition
Navios Maritime Containers announced that it has agreed with investors to sell approximately 15 million of its shares for an aggregate of approximately $75 million…
Oldendorff Appoints Verifavia for EU MRV Verification
Oldendorff Carriers has appointed Verifavia to verify its fleet of vessels in line with the European Union’s Monitoring, Reporting, and Verification (EU MRV) regulation.
Safety in LNG Usage as Marine Fuel
The safe use of natural gas as marine fuel was in focus at the International Conference on Liquefied Natural Gas for Transport and Industry in Naples, Italy (10-11 May).
UK Chamber Shipping Upbeat after US abandoning Jones Act Amendments
US authorities have abandoned plans to tighten Jones Act coastal shipping rules – and it’s all thanks to the coordinated efforts of international government administrations…
ZIM Achieves Improved Results in Q1
In the face of tough business environment, ZIM Integrated Shipping Services (ZIM) continues to outperform the industry and achieve improved results, claims a statement from the company.
DP World London Now Handles Far East Calls
MOL Triumph, the first of the world’s largest and newest vessels to call in the UK, arrives in Southampton on THE Alliance's FE2 service as new third deep-water…
IMO Catalyst for More Efficient Ships
"International Maritime Organization (IMO) regulations will be a driver and catalyst for a generation of new, more efficient ships" said Stefan Micallef, Director…
CME Lifts 'Force Majeure' at Some Illinois River Locales
The CME Group Inc on Thursday said it lifted the majority of force majeure conditions invoked at corn and soybean shipping stations on the Illinois River earlier this month.
Pasha Hawaii Taps Keppel Fels to Build LNG-Fueled Boxships
Delivery of First Vessel Planned for Early 2020. Honolulu-based Pasha Hawaii today announced that the company has selected Keppel AmFELS in Brownsville, TX, a subsidiary…
Cammell Laird Honors Military Heritage
![Aircraft Carrier Modules leaving Cammell Laird (Photo: Cammell Laird)](https://images.marinelink.com/images/maritime/w100h1500/aircraft-carrier-modules-leaving-cammell-73710.jpg)
Liverpool City Region (UK) shipyard Cammell Laird has announced it will be honoring its illustrious naval and military heritage next month by being headline sponsor of the UK’s Armed Forces Day (AFD). The AFD celebrations will take place in Liverpool this year on June 24, with more than 1,000 serving personnel, veterans, cadets and marching bands taking part in a parade followed by a full program of events near the city’s iconic waterfront.
Rickmers Schedules Bondholder Vote on Revamp Plan
Only 17.4 percent of Rickmers' bondholders took part in a vote on the company's restructuring plan on Wednesday, fewer than the minimum required. Under the proposed revamp plan…
Baltic Index Gains On Firmer Capesize Rates
![File Image (CREDIT: AdobeStock / (c) Lucasz Z)](https://images.marinelink.com/images/maritime/w100h1500/file-image-credit-adobestock-c-73711.jpg)
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, inched higher on Thursday helped by stronger rates for capesize vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up seven points, or 0.7 percent, at 1,012 points. The capesize index jumped 50 points, or 3.04 percent, to 1,695 points.
SEACOR Declares Spin-Off Dividend of SEACOR Marine Shares
SEACOR Holdings Inc. and SEACOR Marine Holdings Inc. announced the timing and details regarding the spin-off of SEACOR Marine from SEACOR. The SEACOR board of directors…
Spring Cargo Numbers Buoy Great Lakes-Seaway Shipping
![The ocean-going vessel Federal Mackinac sails on the St. Lawrence Seaway this autumn. Photo Credit: The St. Lawrence Seaway Management Corporation](https://images.marinelink.com/images/maritime/w100h1500/the-oceangoing-vessel-federal-mackinac-73705.jpg)
Spring cargo numbers from the St. Lawrence Seaway and U.S. ports are signaling a better year for Great Lakes-Seaway shipping. According to the latest figures from the St. Lawrence Seaway, total cargo shipments via the Seaway from the start of the shipping season (March 20 through April 30) reached 3.7 million metric tons, up 8 percent from the same period a year ago. “It’s still very early in the season…
Foreign Defense Contractor Executives Guilty of Fraud
Two former executives of a foreign defense contractor pleaded guilty in federal court today for participating in a conspiracy to submit bogus bids, claims and invoices to the U.S.
U.S. Forecaster Sees Chance of El Nino By Summer, Fall 2017
Neutral or El Nino conditions are nearly equally likely in the Northern Hemisphere this summer and fall, a U.S. government forecaster said on Thursday. The National…
Crowley to Supply LNG in Puerto Rico
![Photo: Crowley](https://images.marinelink.com/images/maritime/w100h1500/photo-crowley-73701.jpg)
Crowley Maritime Corp.’s liquefied natural gas (LNG) services group has been awarded a multi-year contract to supply additional volumes of containerized, U.S.-sourced LNG to a major pharmaceutical company’s manufacturing plants in Puerto Rico. The contract, executed through Crowley’s Carib Energy LLC subsidiary, extends a 2014 contract awarded to Crowley for LNG supply for the facilities by expanding LNG services to additional plants.
Southeast Asia's Largest Concrete Floating Dry Dock Launched
![Peleke Nui (Photo: GL E&C)](https://images.marinelink.com/images/maritime/w100h1500/peleke-nui-photo-gl-ec-73700.jpg)
Southeast Asia’s largest concrete floating dry dock has been launched by Singapore’s marine engineering company, GL Engineering & Construction Pte Ltd (GL E&C). Built in Batam, Indonesia with a local sub-contractor, the dry dock named ‘Peleke Nui’ has been specially commissioned by an American company, Marisco Limited. Costing $12 million, the dry dock will be used for the construction, maintenance as well as repair of ships and naval crafts…
Damen To Build New Beam Trawler
![Jan Cornelis GO-22 (Photo: Damen)](https://images.marinelink.com/images/maritime/w100h1500/jan-cornelis-go22-photo-damen-73695.jpg)
Damen Maaskant Shipyards Stellendam (Maaskant) is to build a new beam trawler for the Netherlands fishing fleet. The client is the Hakvoort Brothers from Urk, the Netherlands. The vessel, which will use a stock hull, will join another fishing boat operated by Hakvoort Brothers. This was also built by Damen Maaskant yard, 17 years ago. Based on a well proven design, the new trawler will be 41.05 meters in length and have a beam of 9 meters. As yet unnamed, her registration number will be UK-46.
Optimarin BWT Retrofit Orders Grow
![Optimarin CEO Tore Andersen (Photo: Optimarin)](https://images.marinelink.com/images/maritime/w100h1500/optimarin-ceo-tore-andersen-photo-73693.jpg)
Optimarin has signed contracts with Wisby Tankers and Hoëgh Autoliners to install its market proven Optimarin Ballast System (OBS) on five existing vessels. The agreement, which comes six months after the Norwegian ballast water treatment (BWT) specialist became the first company to win USCG approval, will see Optimarin fitting units on three bitumen tankers for Wisby and two Hoëgh Autoliners RoRo ships.