Saudi Arabia Halts Red Sea Oil Exports after Tanker Attacks
Saudi Arabia said on Thursday it was suspending oil shipments through a strategic Red Sea lane after Yemen's Iran-aligned rebels attacked two tankers in the waterway…
Government Okays USD 1.2 bln for Korea Ocean Business Corporation
The government of South Korea decided to invest 1.35 trillion won (USD 1.2 billion) in Korea Ocean Business Corporation (KOBC). The compnay was created in order…
MV Priscilla Successfully Re-floated
The cargo ship MV Priscilla was successfully re-floated, said Her Majesty's Coastguard (HM Coastguard), a section of the Maritime and Coastguard Agency in UK.Following…
Hyundai Merchant Marine Joins NYSHEX
The New York Shipping Exchange (NYSHEX), the innovator of the first reliable digital forward freight contract for global container shipping, announced the addition…
Eurotainer Appoints APM Terminals as Agent for Argentina
Eurotainer US, Inc. has selected APM Terminals Inland Services Argentina as the exclusive agent for the sales and marketing of its tank container leasing services…
K Line Settles Lawsuit Against APL Logistics
APL Logistics and K Line have announced that they have settled in a legal dispute, that sparked when employees from the logistics company spread bankruptcy rumours…
IoT to Boost Revenues by USD 154 million: Inmarsat
The Industrial Internet of Things (IIoT) is set to make a sizeable contribution to the global economy by 2023. This is according to a new global study launched today by Inmarsat…
169 Ships Sold to South Asian Beaches for Breaking
Of the 220 ships broken in the second quarter of 2018, 169 were sold to be scrapped on the beaches of South Asia, says NGO Shipbreaking Platform.In the second quarter of 2018…
IMO Trains Honduran Maritime Security Officials
Honduras is hosting a workshop on the International Maritime Organization (IMO) regulation setting out preventive security measures in case of threats to ships and…
Envirocleanse Submits Application to US Coast Guard for Type Approval
Envirocleanse LLC, division of Charter Brokerage LLC, a BERKSHIRE HATHAWAY company, has announced the submission of an application to the US Coast Guard for Type…
Coast Guard Cutter Nathan Bruckenthal Commissioned
The U.S. Coast Guard commissioned North Carolina’s second Fast Response Cutter, the Coast Guard Cutter Nathan Bruckenthal, during a ceremony in Alexandria, Va., today.The 154-foot vessel was built by Bollinger Shipyards and is based on the Damen Stan Patrol Boat 4708. It was delivered to the Coast Guard in Key West, Fla. earlier this year.FRCs feature advanced command, control, communications, computers…
New Scholarship Established at SUNY Maritime
Rear Adm. Michael Alfultis, president of SUNY Maritime College, today announced the establishment of the Ruth Mulan Chu Chao and James Si-Cheng Chao Endowed Scholarship Fund as a permanent, need-based scholarship. The scholarship has been funded by Dr. James S.C. Chao, Founder and Honorary Chairman of Foremost Group, and his daughter, Ms. Angela A. Chao, Chairman and CEO of Foremost Group in honor of Dr. Chao and his late wife, Mrs.
Damen Partners with Clean Energy Startup
Damen Shipyards Group has signed a cooperation agreement of understanding with clean energy startup Skoon Energy to further advance the energy transition underway in the shipping industry.Skoon was founded in 2017 by Daan Geldermans and Peter Paul van Voorst, two students of the Delft University of Technology. The company focusses on the large-scale electrification of ships’ propulsion via management…
BAE Systems Delivers ‘Friend-or-Foe’ Antenna to US Navy
BAE Systems announced it has delivered its 150th OE-120 Identification Friend-or-Foe (IFF) antenna to the U.S. Navy. The antenna is used by sailors to identify friendly aircraft and vessels, and supports shipboard air traffic management systems for both IFF and secondary surveillance radars. It is currently on about 150 U.S. and allied ships worldwide, from frigates to aircraft carriers.Originally designed to support the Aegis Combat System…
Concordia Maritime Charters in Suezmax Tanker
Tanker owner Concordia Maritime announced it has moved to strengthen its positions in the crude oil segment by chartering in another suezmax vessel.The 158,000 dwt…
Olmsted Lock Project Nears the Finish Line
The Army Corps of Engineers, in coordination with The Waterways Council, Inc. provided a press tour today at the almost completed Olmsted lock and dam project. Inland…
INSIGHTS: William D. Friedman
Port of Cleveland President & CEO and newly elected Board Chairman of the American Association of Port Authorities William Friedman weighs in this month on the Port…
Transpetro Selects KVH VSAT for 45 Tankers
Connectivity solutions provider KVH Industries, Inc. announced that Brazilian oil and gas transport company Transpetro has chosen KVH VSAT connectivity for the majority of its tanker fleet. Transpetro, which provides transportation for the Brazil's state-owned oil and gas company Petrobras, chose KVH’s TracPhone V7-HTS satellite communications antenna system with a five-year airtime contract for 45 tankers, including a combination of newbuilds and existing vessels.
ONE Accepts Delivery of 14,000 TEU Box Ship
Singapore headquartered container carrier Ocean Network Express Pte. Ltd. (ONE) has taken delivery of a new 14,000 TEU-class containership from Japanese shipbuilder Imabari Shipbuilding Co., Ltd, on July 24, 2018.The new ultra-large containership, One Minato, was built at Imabari’s Hiroshima yard and joins the ONE fleet under sublet from Kawasaki Kisen Kaisha, Ltd.
Saipem, Subsea 7 Discussed Tie Up a Few Years Ago
Italian oil services company Saipem was in talks with rival Subsea 7 several years ago over a possible tie up but negotiations fell through, the group's CEO said on Wednesday."Some 3-4 years ago, before I became CEO there were contacts and talks that did not work out," Stefano Cao said on a call on second quarter results.Cao said there was nothing in this direction today.(Reporting by Stephen Jewkes, editing by Giulia Segreti)
