Malaysia Readies for the Worst in South China Sea
Malaysia needs to boost its naval capabilities to prepare for possible conflict in the South China Sea, its foreign minister said on Thursday, even as Southeast Asia's third-largest economy pursues non-militarisation of the disputed waterway.Tensions have escalated in recent weeks, especially after a U.S. Navy destroyer sailed near islands claimed by China last month as a challenge to what the U.S.
Malaysia Works to Clear Plastic Waste Shipments at Ports
Malaysia is negotiating with countries sending their plastic waste to the Southeast Asian nation to take back the trash and is waiving storage fees to clear hundreds of containers of scrap stranded at ports across the country for months, officials say.Malaysia last year became the world's main destination for plastic waste after China banned imports of scrap.The Southeast Asian country upped scrutiny…
U.S. Congressman Elijah Cummings Passes Away at 68
At approximately 6:20 AM this morning, the Office of Congressman Elijah E. Cummings Released the Following Statement:At approximately 2:30 A.M. on Thursday October 17, 2019, Congressman Elijah E. Cummings (MD-07) passed away at Gilchrist Hospice Care, a Johns Hopkins affiliate, due to complications concerning longstanding health challenges. More details will be forthcoming.The energetic Cummings was…
C-Job CEO Basjan Faber was Born to Design
Born and raised on the water by entrepreneurial parents, Basjan Faber knew from a young age that his future and fate was in maritime, specifically ship design. Today the CEO leads a vibrant, diverse and fast-growing naval architecture firm that he co-founded with partners in 2007. Headquartered in Amsterdam, C-Job has a unique approach to its business and is expanding its international footprint, as…
Offshore Wind Cable Market to Grow 57% by 2023
The value of the global market for subsea power cables needed to build offshore wind farms will grow by 57% from GBP 717 million this year to over GBP 1.13 billion by 2023…
ITF Expands into Asia Pacific
The International Transport Workers' Federation (ITF) has established its latest Contacts Network, covering Bangladesh, Cambodia, Malaysia, Myanmar, Pakistan, Papua New Guinea…
Saudi IMI Signs Jack-up Deal with GustoMSC
Saudi-based International Maritime Industries (IMI) has announced that it had signed a licence agreement with GustoMSC, a subsidiary of Houston rig and equipment…
Tanker Deliveries Up 37%: BIMCO
Delivered tonnage of crude oil tankers have grown by +37%, whereas total fleet demolitions for 2019 have slumped to the lowest in a decade with a reduction of 52% from the year before…
Antwerp Port Freight Volume Up
The total freight volume handled by Port of Antwerp rose from January through September 2019 by 1.1% compared with the same period last year. The container volume…
IBM Joins Mayflower Autonomous Ship Project
International technology giant IBM has joined a global consortium of partners, led by marine research organisation ProMare, that are building an unmanned, fully…
Orsted Chooses CWind Hybrid SES
Offshore wind farms service provider has signed a long-term charter contract agreement with Ørsted, to deliver the world’s first hybrid powered Surface Effect Ship…
Kalmar Supplies Hybrid Shuttle Carriers to Virginia Port
Kalmar, part of Cargotec, has announced that it will supply 25 Kalmar Hybrid Shuttle Carriers to the Port of Virginia, a growing, deep water port on the U.S. East…
Kawasaki Wins AiP for LNG Floating Power Plant
Japanese manufacturer of transportation equipment and machinery announced that it has obtained Approval in Principle (AiP) for its liquefied natural gas (LNG) floating…
Crystal Announces Near Term Deployment for Esprit
Crystal Yacht Cruises announced the 55-cruise roster of 2022 and early 2023 itineraries for Crystal Esprit.A number of new options punctuate the collection of regionally focused voyages…
US Leads LNG Liquefaction Capacity Growth
The US is forecast to drive new-build, liquefied natural gas (LNG) liquefaction capacity additions globally from planned and announced (new-build) projects between 2019 and 2023…
Oakland Port Container Volume Up 3.1% YTD
The Port of Oakland is a major container ship facility located in Oakland, California, in the San Francisco Bay, said that its loaded container volume from January…
Navios Maritime Repays $419Mln Loan
Navios Maritime Partners L.P., an international owner and operator of dry cargo vessels, managed to repay a major loan amounting to USD 418.5 million by combining…
Gazprom Neft Sets-up Lubes Shop in Singapore
Russian oil and gas company Gazprom Neft has established Gazpromneft Marine Lubricants, a new operating company with an office in Singapore.The new business will…
Baltic Index at One-week Trough as Demand Sags
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell to a one-week low on Wednesday, on weaker demand for all vessel segments.The Baltic index, which reflects rates for capesize, panamax and supramax vessels, was down 1 point at 1,897, extending losses to a fourth session.The capesize index fell 10 points, or 0.3%, to 3,194. The average daily earnings for capesizes…
Two LNG Dual-Fuel DP Shuttle Tankers Unveiled
AET, a petroleum tanker owner and operator, has named its newest vessels, two of the world's first LNG Dual-Fuel Dynamic Positioning Shuttle Tankers (DPSTs). The vessels, the cleanest DPSTs ever built, will emit 40-48% less carbon than equivalent vessels built in 2008, meeting the International Maritime Organization's (IMO) target of reducing carbon (CO2) emissions by 40% against 2008 baselines by 2030…
