JonRie Winch set for McAllister Towing
JonRie Marine Winches supplied its 6th ship set of Full 90 Ton Winch to McAllister Towing of NY installed on their new tug Jeffrey McAllister. The 92’ (30 meter)…
Orix Buys RBS Shipping Loans
Japanese financial services firm Orix Corp has agreed to buy $290 million (272 million euros) worth of Greek shipping loans from Royal Bank of Scotland (RBS), Reuters…
Giuseppe Bottiglieri Files for Creditor Protection
Italian cargo shipowner Giuseppe Bottiglieri Shipping Co. SpA has filed for court protection while it works on a restructuring plan reports WSJ. The Naples company…
Shipping Loans Weigh Down German Banks
German banks are still struggling with bad loans from exposure to the shipping industry, reports DW. The banks are struggling to recoup tens of billions of dollars…
Nogaholding Secures $741 mln Loan for LNG Terminal
Nogaholding, the investment and business development arm of Bahrain’s National Oil and Gas Authority (NOGA), recently hosted a dinner to mark the financial close…
OOIL, COSCO Deny Deal Rumors
China Cosco Shipping Corporation Limited (Cosco Shipping) and Orient Overseas (International) Limited (OOIL) denied reports that they are in negotiations for Cosco…
Singapore Exchange to Open LNG Index
Singapore Exchange (SGX) is developing a spot pricing index for the Middle East and India liquefied natural gas markets (LNG) in collaboration with inter-dealer broker Tullett Prebon, says WSJ.
Injured Man hoisted from fishing Boat 25 mi off Cape Ann, MA
A helicopter crew from Coast Guard Air Station Cape Cod hoisted a man Saturday from the fishing boat Golden Girl while 25 miles southeast of Cape Ann. The captain…
EMGS Inks Charter for BOA Thalassa
Electromagnetic Geoservices ASA (EMGS) has signed a new charter agreement for the vessel BOA Thalassa with BOA SBL AS (owner of the vessel) at new and improved commercial terms.
Scorpio lines up $172m in loans for newbuilds
Scorpio Tankers Inc. announced today that the Company has received commitments for a loan facility of up to $172 million from a group of financial institutions including…
Mattis Takes Oath as 26th Defense Secretary
By a 98-1 vote, the Senate confirmed retired Marine Corps Gen. James Mattis to be the 26th secretary of defense Jan. 20, and Vice President Michael R. Pence administered…
Shoreham Port staff given paediatric first aid training
With over half of Shoreham Port's employees already trained in adult emergency first aid the port offering paediatric first aid training has enabled individuals…
New Navy Leaders as Trump Takes Office
The Honorable Sean J. Stackley assumed the responsibilities of acting secretary of the Navy Jan. 20 at noon. Stackley, who served as the assistant secretary of the Navy (Research…
Norway Awards 4 APA Licensing to MOL
The Norwegian Ministry of Petroleum and Energy has announced the results of the APA (Award in Pre-Defined Areas) licensing round, which granted four licences to…
Action Must be Taken If We are to Address UK Seafarer Shortfall
UK Chamber CEO Guy Platten has responded to the publication of the Department for Transport Seafarer Projections Review by calling on government to back its SMarT Plus proposal.
Danish Shipping Tribunal Relocated to Viborg
As part of the Danish Government's plan "Better balance – Government jobs closer to citizens and companies" (only available in Danish), the Danish Appeals Boards…
DryShips Buys First Very Large Gas Carrier
DryShips Inc., a diversified owner of ocean group cargo vessels, announced that it has acquired one Very Large Gas Carrier (VLGC) currently under construction at…
Mining Wastes Report Identifies Research Gaps
More scientific research needs to be done to understand and assess the environmental impacts of wastes from mining operations which have been disposed into the marine environment, a new report shows.
COSCO Shipping Holdings to Buy Qingdao Port's Shares
COSCO Shipping Ports and Qingdao Port International (QPI) announced to enter into the Transaction Agreement, pursuant to which COSCO Shipping Ports will make strategic investment in QPI.
LNG Icebreaker Polaris Bunkers in Pori
Polaris, the newest icebreaker of the Finnish icebreaking service company Arctia, set out from Katajanokka, Helsinki, for icebreaking duty in the Bothnian Bay and arrived January 10 for bunkering at the Skangas liquefied natural gas (LNG) terminal in Pori, where the vessel received approximately 700 m3 of LNG. “Polaris arrived via Utö through the Turku Archipelago to the Skangas LNG terminal in the Tahkoluoto harbor in Pori.
