Baltic Index Dips on Weakened Capesize Rates
The Baltic Exchange's main sea freight index, tracking rates for ships transporting dry bulk commodities, fell on Monday, hurt by weaker demand for capesize vessels.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, shed 6 points, or 0.4 percent, to 1,530 points.The capesize index lost 39 points, or 1.9 percent, to 2,042 points.Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, were
Ensco to Buy Rowan in $2.38 Bln Deal
Offshore driller Ensco Plc said on Monday it plans to buy smaller rival Rowan Cos Plc in an all-stock deal valued at $2.38 billion, as it looks to expand its fleet and benefit from a partnership with Saudi Aramco.This is Ensco's second deal since OPEC-led efforts boosted oil prices in the second half of 2016. Ensco bought rival Atwood Oceanics in a similar deal last year.Rowan shareholders will receive 2.215 Ensco shares for each share held.
NOAA's National Hurricane Center: Michael Expected to Become a Hurricane
The National Hurricane Center has announced a Hurricane Warning is in effect for the Cuban province of Pinar del Rio. A Hurricane Watch is also in effect for the Alabama-Florida border to Suwannee River Florida.A Tropical Storm Watch is in effect for Suwannee River to Anna Maria Island Florida, including Tampa Bay and for the Alabama-Florida border to the Mississippi-Alabama borderAt 700 AM CDT (1200 UTC)…
BW LPG: Proposal to Combine with Dorian Withdrawn
BW LPG Limited (BW LPG) announced that it has withdrawn its proposal to combine with Dorian LPG Ltd. (Dorian). BW LPG will also withdraw the candidates it previously intended to nominate to stand for election to the Dorian board at Dorian’s 2018 Annual Meeting of Shareholders.BW LPG also announced that the following letter has been sent on October 8, 2018 to the Chairman, President and Chief Executive Officer of Dorian:Mr.
BY THE NUMBERS: U.S. Coast Guard - AWO Annual Safety Report
Issued at the National Quality Steering Committee (NQSC) meeting on July 31, 2018, the American Waterway Operators (AWO) and the U.S. Coast Guard (USCG) issued their…
Gulf Island Shipyards Sues Hornbeck Offshore
Gulf Island Shipyards (GIS) has sued Hornbeck Offshore over what it says is the wrongful termination of two shipyard construction contracts for the final two vessels…
Canada’s Arctic Offshore Patrol Ship Named Harry DeWolf
Thousands of Halifax Shipyard shipbuilders, along with the ship’s company, joined Government of Canada and Royal Canadian Navy representatives to celebrate Madame Sophie Grégoire Trudeau…
Containerships Names LNG-Powered Vessels
Containerships’ third and fourth LNG-powered vessels were christened last week at the Wenchong Shipyard, China. The vessels received names M/S Containerships Finn and M/S Containerships Balt…
Total, Sonatrach Strengthen Cooperation in Natural Gas
French energy group Total and Algerian state-owned firm Sonatrach have signed new agreements, including a contract to develop the Erg Issouane gas field and plans…
US Delays New VGP Requirements Until March 2019
While waiting for the new Vessel General Permit (VGP) to be finalized, operators must file a Notice of Intent with the U.S. Environmental Protection Agency (EPA) prior to December 18…
APM Terminals Starts Direct Rail Connection with Venlo
APM Terminals Maasvlakte II has set up a new rail shuttle to the Cabooter Terminal in Venlo. Under the new schedule, a total of three trains will be loading and…
PSA Bharat Mumbai Container Terminals Achieves Record Vessel Productivity
PSA’s Bharat Mumbai Container Terminals (BMCT) has achieved a new vessel productivity benchmark of 155 moves per hour on COSCO Shipping Lines Co Ltd’s vessel M.V.
Wilhelmsen Ships Service Readying for 2020
The 1st of January 2020, the date when the permissible level of sulphur in fuel is lowered from 3.5% down to 0.5%, is fast approaching.To meet demand, in addition to low sulphur distillates…
Panama Canal to Receive 234 Cruise Ships this Season
The Panama Canal announced that it expects to receive approximately 234 cruise ships through the Panamax and Neopanamax Locks during the upcoming 2018-2019 cruise season.The first transit was on Oct.
Keppel O&M Bags Stolt-Nielsen Order for Two More LNG Carriers
Keppel Singmarine has signed two additional contracts with Stolt-Nielsen Gas B.V. (Stolt-Nielsen Gas) following the exercise by Stolt-Nielsen Gas of its options…
Cargo Ships Collide Near Corsica Causing Oil Spill
The Ulysse, ro-ro-cargo ship operated by the Tunisian operator CTN, struck the Cyprus-based container ship CLS Virgina near the French Mediterranean island of Corsica early Sunday…
European Shippers Call for Action Against Unfair Trade
European Shipowners and Maritime Technology Industry call for decisive actions against unfair trade practices and in favour of global playing field.The European…
Cenotaph Honoring Hirano Maru Sailors
On October 4, an unveiling ceremony was held in Wales, U.K., for a cenotaph honoring the sailors of Hirano Maru, a cargo-passenger ship sunk by a German U-boat exactly 100 years ago on October 4…
TeamTec to Market Oceansaver BWTS
Last month (September) marked one year with TeamTec Oceansaver. Following the bankruptcy of the former OceanSaver AS in September 2017, TeamTec gained control of…
Alfa Laval to Suppy Pumping Systems for China-built FPSO
Swedish company Alfa Laval has won an order to supply Framo pumping systems to an FPSO (Floating Production, Storage and Offloading) vessel to be built in China.The…
