Maersk Enhances Asia-Europe, Transpacific services
Maersk Line introduces a new service – the AE7 – on the Asia-North Europe trade and a new service – the TP16 – on the Transpacific trade. The new services will enable…
Marco Polo Marine Revenue Drops for Q1
Marco Polo Marine Group Group recorded a revenue of S$11.4 million in Q1FY2017, a decrease of 33% from that of S$17.0 million in Q1FY2016. Relative to Q1FY2016…
LR Demand Difficulties
There has always been a compelling story being told about how larger product carriers are the future, in particular the LR2s, says Gibsons Weekly Tanker Report.
Philippines-Indonesia Shipping Route Soon
The Department of Transportation (DOTr) announced plans to open a shorter shipping route between the Philippines and Indonesia, a move meant to strengthen trade…
DP World not concerned about Trump protectionist policies
Dubai ports operator DP World is not concerned about U.S. President Donald Trump's protectionist policies, DP World's chairman Sultan bin Sulayem told reporters on Sunday. "Not at all.
TEN declares cash dividend
TEN Ltd. a leading crude, product, and LNG tanker operator, today announced that its Board of Directors declared a cash dividend of $0.546875 per share for its 8.75%…
ExxonMobil inks patent agreement with Pason Systems
ExxonMobil has awarded to Pason Systems, Inc. the first global license of its patented Drilling Advisory System, a key component of the company’s Fast Drill technology suite.
Austal Celebrates Christening of Tulsa (LCS 16)
Austal USA proudly hosted the christening of the nation’s 16th littoral combat ship (LCS), the future USS Tulsa, here Saturday, Feb. 11. Tulsa (LCS 16) is the sixth LCS in Austal’s 11-ship contract…
Maersk Expects Healthier 2017 for Shippers
Bloomberg quoted Robbert van Trooijen, APAC CEO of Maersk Line, saying that the current year (2017) will be more profitable than the last. Post-Hanjin, ocean freight…
Stricken Norwegian Star Cruise Ship Towed to Melbourne for Repairs
The luxury cruiseliner Norgwegian Star,lost power en route from Australia to New Zealand, has docked back in Melbourne after becoming stranded off the coast for two days, says company sources.
Global Shipping Meltdown Impacts European Banks
The collapsing maritime shipping industry is stoking another European banking headache, this time in economic powerhouse Germany, says a report in WSJ. While the Commerzbank…
IANA Introduces Resource Center
The Intermodal Association of North America has created a resource center, available on its website, to provide a wide range of information for prospective intermodal…
BHP Billiton Okay $2.2 bln Investments in Gulf of Mexico
BHP Billiton has announced that the Board has approved expenditure of US$2.2 billion for its share of the development of the Mad Dog Phase 2 project in the Gulf of Mexico.
Peterson to Develop New Port Cameron
International energy logistics provider Peterson is to partner with Port Cameron in Louisiana to develop a deepwater staging port and supply base facility serving the Gulf of Mexico.
Royal Navy's HMS Dragon Rescues Yacht Crew
Type 45 destroyer HMS Dragon rescues 14 stricken sailors from damaged British racing yacht. "The crew of Dragon have rescued 14 sailors in treacherous weather conditions…
North P&I Club Guidelines on Minimising Risk from Ro-Ro fires
North P&I Club has published a new loss prevention briefing on how to prevent, detect and fight fires on roll-on-roll-off (ro-ro) vessels and car carriers. Such…
Container Volumes zoom at Virginia Port
The Port of Virginia moved 228,516 twenty-foot equivalent units (TEUs) in January, setting a new volume mark for the month, growing volume by 18.5 percent when compared…
SCI's profits Rise
The Shipping Corporation of India Ltd (SCI) has reported a net profit of Rs.7.25 crores for the financial quarter ended 31st December 2016 (Q3 FY16-17) as compared to a loss of Rs.
Cable Laying Software, MakaiLay commissioned
In the last few months, the submarine cable industry’s #1 cable installation software, MakaiLay, has been commissioned on four cable laying vessels around the world.
13 ULSTEIN X-CONNECT Systems Sold
Deliveries of alarm and monitoring systems (ULSTEIN AMS) for 13 tugs have been contracted to Ulstein Power & Control by US based MT. The systems are based on ULSTEIN X-CONNECT.
