Egypt Reopens 5 Ports, 2 Remain Closed Due Weather
Egyptian authorities reopened five ports on the Red Sea on Monday, a day after they were closed due to bad weather conditions, the Red Sea Ports Authority said.The two major ports of Alexandria and Dekheila on the Mediterranean Sea remained closed, said Reda al-Ghandour, spokesman for the Alexandria Port Authority."Strong winds and high waves do not allow the safe passage of speedboats and the ascent and descent of the guide onto ships," Ghandour said on Sunday, adding it affected the arrival an
Two Dead as Bulker in Distress in the Black Sea
Two people died and another four were missing on Monday after a ship carrying coal sent a distress signal off the northern coast of Turkey, the coast guard and the…
EMGS Vessel Utilisation Stands at 32% in 4Q
Norwegian geophysical services company Electromagnetic Geoservices ASA (EMGS) said that its vessel utilisation for the fourth quarter 2018 was 32% compared with…
BAE Systems to Modernise USS Shoup
BAE Systems has received a $78.8 million contract for the maintenance and modernisation of the US Navy’s Arleigh Burke-class guided-missile destroyer, USS Shoup.The…
Taiwan: Jong Shyn Shipbuilding Bags CGA Ship Order
The construction of a 600-tonne Coast Guard Administration (CGA) patrol ship by the Taiwan-based shipbuilding company Jong Shyn Shipbuilding Corporation (JSSC)…
Global Shipbuilding Market to Grow 2% by 2023
Analysts forecast the global shipbuilding market to grow at a CAGR of over 2% during the 2019-2023 period.According to Technavio analysts, one of the key factors…
Austalia, Iran Sign Shipbuilding Pact
The Australian government decided to increase cooperation with Tehran in marine industries and shipbuilding irrespective of the US sanctions, reports Mehr News Agency…
South Korean Shipbuilding No.1 Again
South Korea’s shipbuilding industry reclaimed the title of world’s biggest shipbuilder (in terms of orders volume) in 2018 for the first time in six years, since…
Astrocast Launches IoT into Space
Swiss satellite startup Astrocast announced the launch of 3 new pilots of its Low Earth Orbit Nanosatellite Network. The pilots with Actia, Marine Instruments, and…
DHT Holdings Moves co-CEOs from Oslo to Singapore
VLCC owner DHT Holdings announced that its Co-CEOs have relocated to Singapore. The relocation follows changes in the tax law in Norway from 2019 for tax residency…
Paris and Tokyo MoUs Warn on Sulfur Cap Compliance
The Maritime Authorities of the Paris and the Tokyo Memoranda of Understanding (MoU) on Port State Control will start issuing a letter of warning from 1 January…
Moody's Says Global Oil and Gas Heads into 2019 on Steady Footing
The global Oil and natural gas prices will be volatile, but also range-bound in 2019, Moody's Investors Service says in its annual report outlining key credit themes…
8.5% Growth Expected for LNG Bunkering Market by 2026
The global LNG as a bunker fuel market was valued around US$ 550 million in 2017, and is expected to register a CAGR of over 8.5%.The first five-year cumulative…
India to Build 50 MW LNG Power Project in Andaman
Indian Prime Minister Narendra Modi laid the foundation stone of the 50 Mega Watt liquefied natural gas (LNG) based power project in south Andaman. The will take…
MSC Pledges to Find All Containers Lost in North Sea
Switzerland-based shipping company MSC is pledging to pay the cost of cleaning up hundreds of containers MSC Zoe spill in a North Sea storm."MSC Mediterranean Shipping…
Wharf-Building Equipment Arrives Antarctica
A cargo ship loaded with 4,500 tonnes of steel and construction equipment required to build a new Antarctic wharf has arrived at British Antarctic Survey (BAS)'s…
NYK Group Aims to Stay Ahead 2022 with Digitalization and Green
NYK president Tadaaki Naito in his New Year’s speech required the employees to execute the medium-term management plan “Staying Ahead 2022 with Digitalization and…
Jinhui Shipping Sells Supramax Bulker
Jinhui Shipping and Transportation Limited, one of the world's largest Supramax owners, informed that its subsisidary Jinzhou Marine has decided to dispose of a…
Small LNG Projects Crucial for Market: Drewry
Low prices, abundant supply and an aggressive shift towards cleaner gas for energy generation are creating strong demand for LNG, not just from large buyers, but also from small importers…
MSC Intensifies North Sea Clean-up
Switzerland-based global container shipping and a company MSC Mediterranean Shipping Company said that it is directly taking over more of the clean-up of German and Dutch waters and beaches…
