Austal Cyber Hack Probe May Take Years
Australia's chief cyber security chief said on Tuesday an investigation into the hacking of defense contractor Austal Ltd could take years, rejecting a local media report that his agency had concluded the attack originated from Iran.Austal said earlier this month hackers had breached its defenses to gain access to ship designs and that some staff email addresses and mobile phone numbers were accessed.The attack triggered an investigation by the Australian Cyber Security Centre (ACSC)…
SeaBird Takes Delivery of Seismic Vessel from CGG
Norwegian seismic surveyor SeaBird Exploration said it had taken delivery of the Geowave Voyager from France's CGG, and the vessel has been renamed Eagle Explorer.The…
Argus Adds New Marine Fuel Price Assessments
Oil price reporting agency Argus has launched five new price assessments for low-sulphur marine fuels, ahead of new global rules capping the amount of sulphur in marine fuels, also known as bunkers.International Maritime Organization (IMO) regulations will cut the limit for sulphur in bunker fuels globally from 3.5 percent to 0.5 percent from the start of 2020."Argus is pleased to be taking the lead…
Japan Takes South Korea to WTO Over Financial Support for Shipbuilders
Japan has launched a complaint at the World Trade Organization to contest allegedly illegal financial support given by South Korea to commercial shipbuilders, according to a WTO filing published on Tu
BY THE NUMBERS - Offshore Supply Vessels: Balanced Continued Pressure with Gradual Recovery
Global consulting firm AlixPartners, in a new paper entitled, “Too many ships, too few rigs: why recovery is still a distant dream for the OSV sector,” warns that…
Singapore Marine Fuel Sales at 5-month High
Singapore marine fuel sales in October climbed 3 percent on year to a five-month high of 4.125 million tonnes, according to data released by the Maritime and Port Authority of Singapore (MPA) on Tuesday.The latest sales volumes were 0.3 percent higher compared to September, it showed. The higher October sales volumes reflect a slight increase in the number of ships coming to Singapore for refuelling…
Capesize Fall Drags Down Baltic Index
The Baltic Exchange's main sea freight index, tracking rates for ships ferrying dry bulk commodities, slipped for the eleventh straight session on Tuesday as the capesize index posted its biggest daily percentage fall in more than 10 months.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 61 points, or 5.4 percent, to 1,064 points.The capesize index plunged 17.5 percent…
Davie: CTMA Ferry Procurement dogged by Legal Proceedings
The Coopérative de transport maritime et aérien’s (CTMA) procurement effort to purchase a ferry to replace the CTMA Vacancier and the CTMA Voyageur has been thrown into question by a court proceeding which alleges that the former government’s support for the acquisition was tainted with serious procedural irregularities and must be suspended and, ultimately, declared invalid.Last May, the outgoing…
Norwegian Frigate Nearly Submerged After Collision
A Norwegian navy frigate that collided with an oil tanker last week was almost completely submerged on Tuesday despite efforts to salvage the sinking vessel, pictures taken by the Norwegian Coastal Administration showed.The ship's plight off the Norwegian coast is, however, not disrupting the nearby Sture crude oil export terminal. "We are in normal operations," said a spokeswoman for the plant's operator…
AP Moeller Maersk Q3 EBITDA seen up 12 pct; Analysts Weigh In
AP Moeller Maersk third-quarter results are due on Wednesday, November 14th. The Q3 operating profit is forecast to be $371 million.A poll of forecasts for the Danish shipping group is emerging. Of the eight analysts who disclosed their recommendation on the AP MOELLERMAERSK stock, one answered Positive, six Neutral and one Negative. The following brokerages and investment banks participated in the…
Cruise Shipping: Sunstone Sells Victory Cruise Lines
SunStone Ships, Inc. sold Victory Cruise Lines to the American Queen Steamboat Company (AQSC). After rapidly expanding market share in the Great Lakes, French Canada, and St. Lawrence Seaway, Victory became the market leader in these regions. Having recently added the VICTORY II, afforded AQSC the opportunity to acquire the largest capacity in the region.AQSC will acquire the VICTORY I and VICTORY II cruise vessels…
Leclanché, Kongsberg Join Forces for Green Ships Push
Nordic marine technology company Kongsberg Maritime has selected Swiss battery maker Leclanché, one of the world’s leading storage solutions companies, as its battery…
HullWiper Expands into Gibraltar with SCAMP
HullWiper, the hull cleaning solution provider, in partnership with global provider of ship fuel conservation and underwater services SCAMP, is offering an affordable…
Saudi Aramco, ADNOC to Cooperate on LNG
The state-owned energy giants of Saudi Arabia and the United Arab Emirates, Saudi Aramco and Abu Dhabi National Oil Company (ADNOC), signed a cooperation deal to…
Solstad Offshore Bags More Contracts in Brazil
Norwegian offshore service and supply ship shipping company Solstad Offshore has entered into a contract for the CSV Normand Pioneer (1999, CSV, 286t BP) with Queiroz…
USP, CNCo Join to Research New-Generation Low-Carbon Ships
The University of the South Pacific (USP) and The China Navigation Company (CNCo), parent of Swire Shipping and Swire Bulk, have signed a Memorandum of Understanding…
Virgin Hyperloop One Selects New Chairman
Global hyperloop pioneer Virgin Hyperloop One elects Sultan Ahmed bin Sulayem as Chairman and Jay Walder as CEO as company leverages new round of funding to begin…
The Sea Locks to Reach IJmuiden in Two Months
Two weeks ago, the gates for the new sea lock at IJmuiden were loaded on a ship for transport from South Korea to the Netherlands. They are expected to arrive here in about two months…
Wan Hai Lines Confirms Orders for 20 Newbuilds
Taiwanese container carrier Wan Hai Lines confirmed an order of 20 container vessels with Japan Marine United Corporation (JMU) and Guangzhou Wenchong Shipyard (GWS)…
Varanasi Port Receives India's First Inland Cargo Vessel
Indian Prime Minister Narendra Modi has inaugurated the first multi-modal terminal built on the river Ganga in Varanasi (Kashi). He also received India's first container…
