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…
41 Flag States Recognize IRClass
The Indian Register of Shipping (IRClass) said that it is now recognised by 41 flag states globally, seeing recent additions in 2018 from the Netherlands, Vietnam…
Daehan Shipbuilding Gets DNV GL Approval for LNG Tanker
Korean shipbuilder, Daehan Shipbuilding (DHSC), has been given approval in principle (AiP) from International accredited registrar DNV GL for a new liquefied natural gas (LNG)-fuelled 115…
USCG: EPIRBs and False Alerts
After responding to over 700 false alerts in 2018, the Coast Guard is urging anyone with an emergency position indicating radio beacon to properly register their device.An EPIRB is a device that transmits a distress signal to a satellite system called Cospas-Sarsat. The satellites relay the signal to a network of ground units and ultimately to the Coast Guard and other emergency responders.Owners of commercial fishing vessels…
Cook Inlet Tug & Barge Announces Interim Manager
Project Manager to Temporarily Lead Alaska Operations. Cook Inlet Tug & Barge (CITB), an independently managed subsidiary of Foss Maritime Company, announced that Foss project manager Amber Thomas has been selected as interim Business Operations Manager for Anchorage. Beginning January 2, Thomas will serve as the central point person for administrative and commercial operations, leading all shoreside activities in Anchorage and Seward.
Grounded Bulker Stops Vessel Traffic Near New Orleans
Vessel traffic in the Lower Mississippi River near New Orleans has come to a stop after a 837-foot bulk carrier ran aground close to mile marker 3.5 Friday morning.The…
