No Casualties after Aegean Sea Collision
There were no casualties after a Turkish cargo ship collided with a Greek warship in the Aegean Sea early on Friday, Turkey's Ministry of Transport said. The Greek…
Wärtsilä’s Acquisition of Transas is Completed
The technology group Wärtsilä announces that its acquisition of Transas, a global company headquartered in the U.K., has now been finalized. Control of the company…
Allum Holding, Ferncliff Sell Stake in Saga Tankers
Norway-based shipping company Saga Tankers ASA said in a stock exchange announcement that Allum Holding AS and Ferncliff AS have today sold all of their 47,726…
Nordic American Tankers to Sell Tanker Pair
Bermuda-based Nordic American Tankers (NAT) is planning to sell two of its older suezmaxes, thus reducing its fleet size to 31 tanker vessels. NAT described the…
First LNG Transhipment at Zeebrugge Terminal
For the first time liquefied natural gas from Sabetta on the Siberian peninsula Yamal, was transhipped simultaneously in Zeebrugge from an ice class vessel (ARC7)…
Top Ships Extends Time Charter of M/T Eco Fleet
Top Ships, an international owner and operator of modern, fuel efficient "ECO" tanker vessels focusing on the transportation of petroleum products, announced that…
Amsterdam Port Becoming a Smart Global Hub
The growing number of construction projects in the Greater Amsterdam Area has created a need for a smart and efficient method for transporting materials to building sites.
BIMCO Sets New Standard with Revised Bunker Contract
BIMCO’s Documentary Committee approved a new set of standard bunker terms, developed by a cross-industry group, in New York on 2 May. The BIMCO Bunker Terms 2018…
South Asia Gateway Terminal Welcomes ONE Service
Singapore-based Ocean Network Express (ONE) has introduced its new EC5 route calling at the Port of Colombo, Sri Lanka. Headquartered in Singapore, Ocean Network Express was established on July 7…
Teekay Offshore CFO Wong to Step Down
Teekay Offshore Partners L.P. announced today that David Wong will step down from his position as Chief Financial Officer of Teekay Offshore Group Ltd. to commence…
Rhode Island Backs Electric Boat Expansion
The state of Rhode Island announced it will provide $20 million in incentives to General Dynamics Electric Boat to help the submarine builder expand its facilities.The infrastructure investment announced today by Rhode Island Governor Gina M. Raimondo will allow Electric Boat to accelerate the hiring of 1,300 new employees over the next decade as the builder is slated to produce 29 Virginia Class Submarines and 12 Columbia Class submarines for the U.S.
Coast Guard Vessel Capsizes in Mobile Bay
The U.S. Coast Guard said one of its vessels has capsized in Mobile Bay near Gaillard Island, Ala., Thursday. All four crew members aboard at the time of the incident…
Finnlines Orders Three Ro-ro Vessels
Finnlines, part of the Grimaldi Group, signed a 200 million euro ($240 million) order for three new ro-ro vessels to be delivered from China’s Jinling Shipyard from 2020-2021.The 17,400 DWT vessels will be 238 meters long and have a cargo capacity of 5,800 lane meters plus 5,600m2 of car decks and a capacity of about 300 TEU on the weather deck. The ships are designed to carry all types of ro-ro cargoes…
Weak Currency, Global Trade Jitters Bolster Brazil Soy Exports
Brazil's soybean exports hit record volumes last month, grain exporter association Anec said on Thursday, citing a weak domestic currency and trade tensions between the United States and China for bolstering business for local farmers.Brazil's April soybean exports reached 11.63 million tonnes, about 1 million tonnes more than the same month last year, Anec said in a report."Evidently, with the strength of the dollar…
Kenyan Fishermen Win Millions for Loss of Rights to New Port
Activists hailed a Kenyan court for ordering that almost 5,000 fishermen at a 14th century World Heritage Site receive millions in compensation for the loss of traditional fishing rights due to the construction of a major port.The fishermen in Lamu, the oldest Swahili settlement in East Africa, won 1.76 billion shillings ($18 million) in compensation this week from a court in the nearby town of Malindi…
New Consortium for Offshore Decommissioning
A new global oil and gas decommissioning consortium launched today sets out to bring a collaborative supply chain approach, offering an end-to-end solution to reduce the decommissioning burden, risk and cost for operators.The consortium, which includes Lloyd’s Register (LR), WorleyParsons and Ardent, brings together 350 years of collective experience to reduce the interfaces, costs and risks of decommissioning…
New Admiral to Lead Coast Guard 14th District
The Coast Guard 14th District held a change of command ceremony bidding farewell to Rear Adm. Vincent B. Atkins and welcoming Rear Adm. Brian K. Penoyer, at Coast Guard Base Honolulu, Wednesday.Vice Adm. Fred M. Midgette, commander, Coast Guard Pacific Area presided over the ceremony.Penoyer has served as Atkins’ chief of staff since 2016, advising the district commander on all Coast Guard missions conducted in the central and south Pacific.
RIMS Teams Up to Offer Full Drone Package Services
RIMS have joined forces with Dutch Drone Company (DDC) to create a new partnership which will allow RIMS to offer the market an enhanced package of drone services for both indoor and outdoor drone flights in the Netherlands.The use of drones for inspections enables remote live on-screen object inspection, which can result in the elimination of the use of costly and risky access equipment such as scaffolding and cherry pickers…
US Navy-owned Research Vessel Back in Action
Research vessel (R/V) Thomas G. Thompson (AGOR-23) has gained a new lease on life following a recently completed 18-month upgrade to improve operating systems, bolster its research capabilities and extend its working life for the U.S. Navy and scientific organizations.The Navy-owned vessel has been operated and maintained University of Washington since 1991, under a charter lease agreement with the…
Ethiopia Will Take a Stake of Port Sudan
Ethiopia and Sudan have agreed on a deal that will allow the Horn of Africa nation to take a stake of Port Sudan, Ethiopia's Foreign Ministry said on Thursday.The deal was reached on Thursday in Khartoum in a meeting between Ethiopia's Prime Minister Abiy Ahmed and Sudanese President Omar Hassan al-Bashir."The leaders of both countries agreed to develop Port Sudan together," said Meles Alem, spokesman of Ethiopia's Foreign Ministry.
