Bahrain Ship Repairing and Engineering FY Profit Rises
Bahrain Ship Repairing and Engineering Co reported FY net profit attributable to shareholders of 3 million dinars versus 1.9 million dinars a year ago. The board…
DSME Wins $368 Mln Order
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co Ltd (DSME) has won a 394 billion won ($368 million) order for two liquefied natural gas (LNG) carrier vessels from an unnamed firm…
LNG Tanker Boris Vilkitsky Sailing for Rotterdam
The liquefied natural gas (LNG) tanker Boris Vilkitsky is due to arrive at Rotterdam on March 8, Reuters shipping data showed on Tuesday. The tanker, which has capacity for about 170,000 cubic metres of gas, is arriving from Russia. (Reporting By Susanna Twidale)
Tanker Operator, Master Sentenced for Pollution
A tanker vessel operator and master were convicted this week for maintaining false and incomplete records relating to the discharge of oil and garbage from an oil…
Indonesia Delays New Rules to Limit Coal, Palm Oil Shipments
Indonesia has postponed indefinitely the application of new rules that would limit shipments of coal and palm oil exports to only national shipping companies, a Coordinating Economic Ministry official said on Tuesday. The rule will only be applied once vessel requirements have been calculated and satisfied by the trade ministry, shipping industry and coal and palm oil exporters, Elen Setiadi, acting chief of trade and industry at the Coordinating Economic Ministry, told Reuters by phone.
Japan Suspects Another North Korea Sanctions Breach at Sea
Japan has discovered another North Korean tanker it suspects of transferring goods with a vessel in defiance of U.N. Security Council resolutions, the Foreign Ministry said on Tuesday. It was the fourth time Japan has suspected such an illegal transfer in recent weeks and comes as the Trump administration and key Asian allies prepare to expand interceptions of ships suspected of violating sanctions on North Korea.
Subsea 7 Bags Offshore Norway Deal
Subsea 7 S.A. announced the award of a contract by Wintershall for the Nova (formerly known as Skarfjell) oil and gas field development. Nova is located in the north-eastern part of the North Sea…
Palau Keeps an Eye Out with Polestar
Palau International Ship Registry (PISR) has expanded its technology offering by linking with Pole Star to offer a comprehensive sanctions compliance and risk management service for its fleet vessels.
MOL, FEIA Team to Develop North Sea Route
Mitsui O.S.K. Lines, Ltd. signed a Memorandum of Understanding with the Far East Investment and Export Agency under the Ministry of the Russian Federation for the…
MacGregor, SeaFocus Join Forces
MacGregor, part of Cargotec, and an international maritime business platform, SeaFocus, have announced a collaboration agreement that will support the companies…
Six rescued from Sinking Vessel off Bahamas
A good Samaritan sailing vessel rescued six people from a sinking sailing vessel early Monday 14 miles west north west of Hog Cay, Bahamas. Watchstanders with the…
Carnival Corp. Aim: Best Wi-Fi at Sea
Carnival Corporation & plc will establish a new industry apex in connectivity capabilities today at sea when it attempts to make an unprecedented level of bandwidth…
Log-In Logística selects COMPAC
The containership segment’s commitment to ocean sustainability has been underscored with another order for Thordon Bearings’ COMPAC water lubricated propeller shaft bearing concept.
First Ship Lease Trust Narrows Q4 Loss
First Ship Lease Trust, Singapore-based business trust which owns a fleet of vessels across major shipping sub-sectors, narrowed its fourth-quarter loss to US$33.87 million…
Milaha Reports USD 129 mln Net Profit for 2017
Qatar Navigation (Milaha) reported a net profit of QAR 470 million (USD 129 mln) for the twelve months ended December 31, 2017. Operating revenues decreased by…
Ocean Rig Signs New Drilling Contract with Tullow Namibia
Ocean Rig UDW, an international contractor of offshore deepwater drilling services, today announced that it has signed a new drilling contract with Tullow Namibia…
Hyundai Merchant Marine’s Expansion Plans: Drewry
Korean carrier Hyundai Merchant Marine (HMM)’s expansion plans are incompatible with market stability. Will it settle for more limited ambitions? An Analysis by Drewry.
Navios Maritime Containers to Buy an Additional Boxship
Navios Maritime Containers, a growth vehicle dedicated to the container sector, announced that it agreed to acquire a 2010-built, 4,250 TEU containership for $11.78 million.
Statoil Reports Spud of First Well at Oseberg Vestflanken 2
In the early hours of Sunday 25 February drilling started at Oseberg Vestflanken 2. On the Capital Markets Day on 7 February the project could boast break-even reduction…
Samsung Heavy Industries Delivers Johan Sverdrup Offshore Platform
South Korea's Samsung Heavy Industries (SHI)'s Geoje shipyard has completed a riser platform topside for Statoil's giant Johan Sverdrup development offshore Norway.