Japanese-Chartered Tanker Is Free To Leave
The Indonesian Supreme Court has ruled that a Japanese-charted oil tanker, held up by a local dispute, can leave the country but when was unclear, an official with the oil company involved said.
P&O Powers Through Poor News
Britain's Peninsular and Oriental Steam Navigation Co (P&O) shrugged off higher fuel costs and fears of a downturn in the United States to beat forecasts with a 12 percent rise in profits.
Vopak Sells Stake In Heavy Transport Group
Dutch-based chemical distribution and storage company Vopak NV said on Thursday it had sold one third of its 30 percent stake in unit Heavy Transport Group NV to unlisted Dutch partner Heerema.
ABS, DNV, LR Take Action
Three leading bodies responsible for surveying ships and verifying them as seaworthy launched an initiative on Thursday aimed at dispelling growing industry concern…
Atlantic Rates Set To Move Higher
Panamax fixtures for end-March loading dates supported forecasts that Atlantic rates are set to move higher, shipbrokers said. But although the Capesize move to…
World's Biggest Oil Platform May Sink
The world's biggest oil platform, owned by Brazil's state oil giant Petrobras, may sink, sending the death toll to 10 after two powerful explosions rocked the rig earlier Thursday…
Transas Awarded An Order For OOCL Container Ship Model
According to the order received from the global container transportation company, Orient Overseas Container Line (OOCL), Transas Marine will create a mathematical and visual model of the company's 75…
Leading Societies Launch Sweeping Safety Initiatives
American Bureau of Shipping, Det Norske Veritas and Lloyd's Register have developed a series of initiatives to further improve the safety of international shipping.
MAN B&W Extends MC Program
In order to meet the demands for more powerful engines, specifically in the container vessel arena, MAN B&W has added an L60MC-C and an L70MC-C compact engine to its program.
Furuno's New NavNet Is Compact, Seamless
Furuno has developed a networked bridge, compacted into one convenient unit - the NavNet series. The 7-in. color LCD radar/chart plotters include the 1722C, 1732C and 1742…
Rolls Royce, Northrop Grumman Win UK Navy Contract
Aero-engine giant Rolls-Royce Plc and U.S. defense contractor Northrop Grumman have been awarded a $121.7 million contract to supply gas turbine packages for the UK's Royal Navy.
Maritime Industry Mourns Loss Of RINA's Technical Director
Giuliano Pattofatto, technical director of Registro Italiano Navale (RINA) passed away on March 8 from heart failure. After graduating with a degree in Naval Architecture…
Frontline Says There's Still Room for Takeovers
Tanker operator Frontline, which announced on Wednesday it planned to list its shares on the New York Stock Exchange, said that there could be room in the tanker…
Blount Retires From ACCL; Names Daughter As Successor
Maritime veteran Captain Luther Blount has done it again in terms of firsts in the maritime industry - the 84-year-old founder of American Canadian Caribbean Line (ACCL) has named his daughter…
EU Seeks Criminal Penalties for Environmental Offences
Pouring waste oil into water or polluting the air would become criminal offences across the European Union under proposals put forward by the EU's executive body on Tuesday.
Crew Puts Out Cargo Ship Fire
The crew of a Danish cargo ship that caught fire in the English Channel managed to put out the blaze, British coastguards said on Wednesday. The captain of the 2…
Rolls-Royce Designs Selected for 53 OSV's
UT-Designs and packages of equipment from Rolls-Royce have been chosen for 53 offshore service vessels (OSVs) during the past year. The transaction represents 70…
Blount/Barker Pens Contract For Marine Tug
Blount/Barker Shipbuilding signed a contract with Buchanan Marine, New Haven, Conn., for the construction of an 85 ft. (25.9 m), 2,400 hp all welded, Twin Screw tug.
Recent Ship Sales
Tanker Sitamia 1988 84,040 $20.5 million. Tanker Bertina 1982 65,979 sold on a BBHP basis to Seaoil, U.S., based on a price of about $9.5-10 million. Chemical Tanker Tradewind Clipper 1983 6…
Capesize Rates Take a Huge Dive
Freight rates for Capesize ships have been hammered this week, falling by the biggest margin seen in over four years, brokers said. London shipbroker SSY said this…
