VLCC Market Remains Strong in Q1: Hunter
The very large crude carriers (VLCC) market market was relatively strong in Q1, with VLCC earnings averaging USD 29,000/day an increase of close to USD 20,000/day versus Q1’18…
IMO Training on Healthy Seas in SE Asia
Seven developing countries -Cambodia, Indonesia, Malaysia, Myanmar, Philippine, Thailand and Vietnam - in South-East Asia has received training to help implement…
Spot LNG Freight Rates Plummets in Q1: Flex LNG
During the first quarter 2019, spot LNG freight rates plummeted from the record levels seen in the previous quarter, said Flex LNG, the company controlled by billionaire…
Live Security Drill in Mexico
A live security drill at a cruise ship terminal in Mexico has given participants the opportunity to hone their skills and assess where any improvements can be made…
Shareholders OK HHI Split-up Plan
Shareholders of Hyundai Heavy Industries (HHI) have approved the South Korean shipbuilder's split-up plan amid fierce opposition from its labor union.According to local media reports…
India: New Shipping Minister Takes Charge
Mansukh Lal Mandaviya took charge of the Shipping Ministry Friday as Minister of State (Independent charge).A Rajya Sabha (or Council of States is the upper house…
Adriatic Oil Spill Event Held in Croatia
Planning for any marine pollution incident requires ongoing communication, collaboration and cooperation, points out the International Maritime Organization (IMO).Regional…
Shell Ocean Discovery XPRIZE Winner Annouced
The GEBCO NF- Alumni Team was announced as the $4 million grand prize winner of the Shell Ocean Discovery XPRIZE, a three-year global competition that challenged teams to advance deep sea technologies for autonomous and unmanned, fast and high-resolution ocean exploration. The team's winning concept includes the use of a unique unmanned surface vessel (USV) / autonomous underwater vessel (AUV) and…
ST Engineering Sets Up Mississippi Subsidiary
Singapore Technologies Engineering (ST Engineering) announced that its U.S. company Vision Technologies Systems (VT Systems) has set up a subsidiary ST Engineering Halter Marine and Offshore…
Cruise Boat Captain Denies Blame in Hungary Collision
The captain of a passenger cruiser that collided with a boat that capsized killing South Korean tourists on board denies having broken any rules or committing a criminal office…
Japan Oil Industry Braces for Higher Middle East P&I Costs
The costs of buying crude oil from the Middle East could rise as war insurance for ships travelling in the region will be expanded to include vessels travelling off the United Arab Emirates and Oman, the head of Japan Petroleum Association said on Friday.Japan is the world's fourth-largest oil importer and imports 90% of its crude from the Middle East, government data showed.Asian shippers and refiners had put ships heading to the Middle East on alert and were expecting a possible rise in marine
Sempra's Cameron LNG Terminal Ships First Cargo
Sempra Energy said on Friday the $10 billion Cameron liquefied natural gas export terminal in Louisiana had shipped its first cargo, making the plant the fourth…
UKCS Investments On the Rise
North Sea operators and contractors are investing across people, R&D, technology and new markets to support continued growth, said a new report.The 30th Oil and Gas survey…
US Oil Production Up, Needs More Pipelines
The rising domestic crude oil production in the United States has created a need for more pipeline capacity, revealed the US Energy Information Administration (EIA).EIA…
Sun Princess Debuts in Southampton
The Port of Southampton has celebrated the inaugural call of Princess Cruises’ Sun Princess, one of 11 vessels to be making their maiden visit to the UK city this…
Peel Ports Expands London Medway
Peel Ports, Britain's second largest group of ports, has expanded its proposition at London Medway with a GBP5.5million investment to replace the Royal Bridge Pontoon.The…
Med Marine to Deliver Tugboat to Americas
Turkish shipbuilder and tugboat operator Med Marine signed a contract for a MED-A2360 series tugboat with Saam Guatemala for its Puerto Quetzal operations.The vessel is a RAmparts 2300-MM tugboat…
Sri Lanka, Japan, India Pact on ECT
The three governments of Sri Lanka, Japan and India have signed a Memorandum of Cooperation (MoC) for the development of the East Container Terminal (ECT) located…
ABB Outlines Future for Lowestoft Port
Associated British Ports (ABP), owner and operator of the Port of Lowestoft, has launched a consultation on the Port of Lowestoft Master Plan, a document that sets…
