Harrington Hoists Celebrates 150 Years
Harrington Hoists, Inc. is celebrating 150 years in the hoist business. The company was established in 1867 by Edwin Harrington, a machinist and inventor, when he started a machine shop and hoist business in Philadelphia. His company thrived as a result of his innovative ideas and continual improvements to the design and production of hoists. Throughout his lifetime, Harrington obtained several patents and was best known for developing one of the first electric hoists in 1896.
Iron Ore Exports to China from Port Hedland hit record
Port is world's biggest iron ore export terminal; iron ore prices soared 80 pct in 2016. December iron ore shipments to China from Australia's Port Hedland terminal…
JERA Imports Japan's First Liquefied Shale Gas Cargo from U.S.
Japan's JERA Co said on Friday it imported the country's first liquefied shale gas cargo from the United States as part of efforts to diversify its supply. This…
Maersk Invincible Delivered
Maersk Drilling has taken delivery of its fourth XLE jack-up rig, the Maersk Invincible, from Daewoo Shipbuilding and Marine Engineering (DSME) in South Korea. Maersk…
Lerwick Port Spells out Strategy for Expansion
Lerwick Port Authority has detailed a series of objectives to meet its aim of running an efficient, cost-effective harbour, including continuing expansion of the infrastructure.
Spot box rates rise above 5-year average - Drewry
Spot container freight rates on the major East-West routes reached a 20-month high this week and have risen above the average of the last 5 years. The latest weekly reading is $1…
Pilbara Ports' Throughput Zooms
Pilbara Ports Authority has delivered a total monthly throughput of 60.5 million tonnes (Mt) for the month of December 2016. This is an increase of 12% from the same month in 2015.
TRIYARDS Post 17% Revenue Growth
TRIYARDS Holdings Limited (“TRIYARDS” or the “Group”) reports a revenue of US$91.2 million for the three months ended 30 November 2016 (“1QFY17”), a 17% increase…
Euronav Secures Loan for VLCC Refinancing
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Valencia to Upgrade Three Ports
Spain’s Port Authority of Valencia (APV) has unveiled plans upgrade three of its ports by 2020. The Business Plan approved at the last Board of Directors of the…
Eastern Delivers Two Towboats to Florida Marine Transporters
Eastern Shipbuilding Group, Inc. delivered the M/V CAPT. RICKY TORRES (Hull 194) on October 11, 2016, and the M/V CULLEN PASENTINE (Hull 195) on December 28, 2016…
Samsung Wins $1.26bln Contract from BP
Samsung Heavy Industries, South Korea's major shipyard, build a floating production unit for British oil multinational BP that will be used in offshore drilling in the Gulf of Mexico…
Solstad Wins Contract with CUEL Thailand
Norway’s Solstad Offshore ASA has been been awarded a contract with CUEL Limited, Thailand for the derrick lay barge DLB Norce Endeavour in the Gulf of Thailand.
Vallianz Shuts Singapore Yard
Singapore’s offshore-support vessel provider Vallianz Holdings has ceased operations at its shipyard in Singapore as part of efforts to streamline business operations…
Spot Box Rates Rise Above 5-Year Average
Spot container freight rates on the major East-West routes reached a 20-month high this week and have risen above the average of the last 5 years, said a report by Drewry.
DryShips Expands to Gas Carrier Market with Four New VLGCs
DryShips Inc. has agreed to enter into a "zero cost" LPG Option Agreement with companies controlled by its Chairman and Chief Executive Officer, George Economou…
Update on Collision of Container Vessels Wan Hai 301, APL Denver
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APM Terminals Mumbai Mulls DPD Service
APM Terminals Mumbai, India’s busiest container terminal, has embraced ‘Direct Port Delivery’ (DPD)service initiated by the Indian government as part of its “Ease…
Fuel Catalyst Makes Engines More Efficient
Engines are designed to run on refinery grade fuel. At the time fuel is refined, it is at its purest state; however, it deteriorates rapidly as it oxidizes and is attacked by a host of organisms (bacteria, yeast, molds), that change the molecular structure of the fuel. The Fitch Fuel Catalyst (FFC) reverses this natural aging process by inducing a chemical reaction using a patented metal alloy catalyst (not a liquid additive) that reforms diesel fuel…
Photos: Oil Platform Catches Fire in the Gulf of Mexico
The U.S. Coast Guard said an oil production platform has caught fire in the Gulf of Mexico, roughly 80 miles southwest of Grand Isle, La. The fire, which broke out aboard the Ship Shoal 266 A oil production platform at approximately 2:30 a.m. Thursday, was reported to have been full extinguished by approximately 5:50 a.m., according to the rig’s owner Renaissance Offshore. There were four crew members aboard the platform who…
