Gulf Navigation on Recovery Path
Dubai-based shipper Gulf Navigation announced its best annual results for eight years, on account of the improvement in spot tanker rates and the reclassification of liabilities.
Navios Maritime sells MSC Cristina to Repay $100 mln Debt
In January 2017, following the completion of the sale of the MSC Cristina, Navios Maritime Partners repaid approximately $100 million of bank debt. Proforma for these repayments…
CMA CGM Hires Diana Containerships’ M/V Rotterdam
Diana Containerships has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with CMA CGM S.A., Marseille, for…
US Coast Guard Finalizes Report on Death of Coast Guard Recruit
The Coast Guard announced Tuesday that it finalized its Major Incident Investigation (MII) Report into the July 2016 death of a Coast Guard recruit at Coast Guard Training Center (TRACEN) Cape May…
W. Africa Crude-Asian Tenders, Pending Export Plans Slow Trade
Physical trading in West Africa was muted as the market awaited tender results and the April-loading Angolan crude oil export plan. * The benchmark oil prices on…
MSC Mulls Stake in Messina
The world's no. 2 container line Mediterranean Shipping Company (MSC) is in talks to acquire a stake in smaller Italian counterpart Messina, the Swiss-headquartered group said…
Shell, Pavilion Gas to Supply Singapore with LNG
Shell and Pavilion Gas will start supplying Singapore with liquefied natural gas (LNG) later in 2017 under contracts awarded last year, the city-state's trade minister said on Tuesday.
Tangshan Port Shares Soar on Coal Clampdown Rumors
Shares of Tangshan Port Group Co Ltd soared 7 percent on Tuesday, to post their biggest daily percentage gain in nine months, as investors bet the small port would…
Philippines: Japan Offers Anti-Piracy Help
Japan has offered to send patrol ships to deal with a growing piracy threat in the southern Philippine waters bordering Indonesia and Malaysia, a senior Philippine defence official said on Tuesday.
Kongsberg K-Walk for Olympic Orion MPSV
Olympic Shipping has chosen Kongsberg Maritime’s new K-Walk integrated vessel gangway solution for installation aboard the Multipurpose Offshore Vessel (MPSV), Olympic Orion.
Tototheo Commits 1,500 Vessels to Fleet Xpress
Satlink Satellite Communications has entered into a new agreement with Inmarsat to integrate Fleet Xpress into Satlink’s existing service portfolio. Through the agreement…
VARD bags Aker BioMarine Fishing Vessel Order
Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of specialized vessels has secured a contract for the design and construction…
Vega Reederei faces Penalty for Ballast Water Discharge
The Coast Guard, after an investigation of ballast water discharge violations, initiated civil penalty proceedings against the operator, Vega Reederei GmbH & Co.
HHI Implements NAPA 3D Design Tool
Software and services provider NAPA has announced that Hyundai Heavy Industries (HHI) has implemented NAPA Steel’s 3D model-based ship structural design tool across its business.
MV FlatHolm Gets Busy at Galloper OWF
Lowestoft based multipurpose vessel MV FlatHolm finished off a busy year in 2016 with a successful charter to James Fisher Marine Services Ltd, undertaking a variety…
Laborde wins Bukh Distribution Deal
Laborde Products has been selected as BUKH Diesel Marine Distributor for the United States marine market. "Our companies have tremendous synergies," stated Soren Pederson, BUKH sales manager.
1-Stop, Bestshore Team-up for European entry
1-Stop Connections (1-Stop) and Bestshore Business Solutions UK Ltd (Bestshore) announce a new strategic alliance to bring their productivity solutions to the European…
Heavy Lifting Lift off?
Heavy lift vessel (HLV) contractors have faced a challenging market in recent years as the low oil price environment combined with a shift towards subsea installation…
USCG Recognizes Houston Pilots
RADM David Callahan for the US Coast Guard (USCG) 8th District presented Meritorious Public Service Awards to two Houston Pilots - Captains Michael McGee and Michael…
Diana Containerships Reports 4Q Loss
Greece-based Diana Containerships has reported a net loss of $8.5 million for the fourth quarter of 2016, compared to a net loss of $8.8 million for the respective period of 2015.
