Fire Breaks Out Aboard US Car Carrier
A fire has broken out out aboard the U.S. car carrier Honor in the English Channel while the vessel was en route to Baltimore from Southampton on February 24. “The…
New Interferry CEO to Make Funding Call at European Shipping Week
Mike Corrigan, the incoming CEO of global trade association Interferry, is to advocate greater European Union involvement and investment in the ferry sector during…
Spain's Government, Port Unions on Collision Course
Spain's cabinet passed a draft law on Friday to end closed-shop hiring at the country's ports, putting the government on a collision course with unions which have…
ICS Chairman Outlines Plan for CO2 Reduction
Esben Poulsson, Chairman of the International Chamber of Shipping, has set out what the industry would like the International Maritime Organization (IMO) to achieve as part of its CO2 reduction strategy for the shipping sector. Speaking at The Economist’s World Ocean Summit in Indonesia, Poulsson said that unless IMO makes significant progress the industry could be vulnerable to regional action, not…
US Detains 2 Panama-flagged Bulkers
Two Panama-flagged bulk carriers were detained in the U.S. on February 23, 2017, after substandard safety issues discovered during routine exams aboard the vessels…
Asia Tankers-VLCC Rates to Slide Further
Around 30 VLCC charters in Feb so far, versus 50 last month. About 40 refinery facilities to close for maintenance. Freight rates for very large crude carriers (VLCCs)…
Asia-North Europe Box Rates Up 7 pct
Container spot freight rates from Asia to Northern Europe rose 7 percent to $961 per twenty-foot equivalent units (TEU), the Shanghai Containerized Freight Index showed on Friday.
Baltic Index Rises on Broad Demand
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Friday on stronger demand across all vessel segments.
Songa Offshore sees Daewoo Arbitration Lasting into 2018
Rig firm Songa Offshore's CEO Bjoernar Iversen expects the company's arbitration case with DSME (Daewoo Shipbuilding & Marine Engineering) to last throughout 2017 and into 2018.
TGS, Schlumberger reimaging central GOM
TGS-NOPEC Geophysical Company (TGS) and Schlumberger today announced a new multi- and wide-azimuth (M-WAZ) multiclient reimaging program in the highly prospective Central U.S. Gulf of Mexico.
St. Louis Regional Freightway, New Orleans Port Sign MoU
The Board of Commissioners of the Port of New Orleans and the St. Louis Regional Freightway today entered into a Memorandum of Understanding (MOU) to exchange market…
Aussie Navy Trains to fight
More than 17 ships and aircraft are descending on the Western Australian coast for one of the largest maritime warfare exercises held by the Royal Australian Navy.
Hathon is Director Exploration, Cairn
Cairn announced the appointment of Eric Hathon as Director of Exploration. Dr Hathon, who has more than 25 years experience in the international oil and gas industry…
Austal completes DDR for Pacific Patrol Boat Replacement Project
Austal has successfully completed the Detailed Design Review (DDR) for the A$306 million Pacific Patrol Boat Replacement (PPB-R) Project on time and in accordance with the contracted schedule.
MOL Invests in Self-Elevating Platform Vessel Operator
Mitsui O.S.K. Lines, Ltd. today announced a plan to acquire a 5% share in Seajacks International Limited (Seajacks) Group, which owns and operates five Self-Elevating Platform vessels(*1)…
Maritime Cook Islands makes two appointments for Europe
Maritime Cook Islands (“MCI”), the international ship registry, hasrecently appointed Marilena Andrenacci as Fleet Manager, and Paula Manarangi as Manager for Europe…
HEINZMANN leads in dual-fuel retrofit of marine propulsion engine
The use of LNG in marine applications is becoming increasingly common. It offers a big potential in terms of operating costs and emission reduction. Diesel engines…
Teekay Offshore Sees Profit Drop
Teekay Offshore Partners has reported GAAP net income attributable to the partners and preferred unitholders of $92.0 million and adjusted net income attributable…
Allseas Bags Nord Stream 2 Project Contract
Following an international tender process, Nord Stream 2 AG have awarded a contract for offshore pipelay of the Nord Stream 2 natural gas pipeline through the Baltic Sea to Allseas.
Safe Bulkers Reports 4Q Loss
Greece-based Safe Bulkers (SB) has reported a loss of $4.6 million in its fourth quarter. On a per-share basis, it has a loss of 9 cents. Net revenues for the fourth…
