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Keppel Secures $125 mln Repeat Contracts
Keppel Offshore & Marine Ltd (Keppel O&M)'s local and overseas subsidiaries continue to win strong support from repeat customers by securing four contracts worth a total of about S$125 million.
SpeedCast Acquires NewCom
Global satellite communications service provider SpeedCast International Limited announced it has signed a definitive agreement for the acquisition of NewCom International…
Keppel Wins $88.5M in Floating Production Contracts
Keppel Offshore & Marine Ltd (Keppel O&M)'s local and overseas subsidiaries continue to win support from repeat customers by securing four contracts worth a total of about $88.5 million.
Offshore Prospects for 2016: Playing the Waiting Game?
This year, the offshore oil and gas industry has had to come to terms with the worst downturn for more than a decade. With commodity prices plummeting to an 11-year low in December, market research and consulting firm Douglas-Westwood (DW) reflects on the year gone by and considers the outlook for the year to come. Offshore rig markets still have a lot to digest before recovery. Rig dayrates have plummeted as a function of significant oversupply.
GloMEEP Energy Efficiency Project Gets Underway
The first national workshop under the Global Maritime Energy Efficiency Partnerships GloMEEP), Project, which aims to support increased uptake and implementation…
China to Start Its First Naval Base in Africa
China is going to build a base in Djibouti, so that will be their first military location in Africa. With the establishment of a base in Djibouti, China joins the…
KVH Expands mini-VSAT Broadband Network
KVH Industries, Inc. expanded the capacity of its mini-VSAT Broadband network with two upgrades recently, supporting growing customer demand for broadband at sea. One expansion added a new satellite beam that doubled the mini-VSAT Broadband network capacity in the North Atlantic Ocean region, including Canada’s Hudson Bay. The second expansion added a new beam across Europe, the Middle East, and Africa to add 30 percent more capacity across areas such as the North Sea and the Mediterranean Sea.
STS Young Endeavour Completes Circumnavigation
The Royal Australian Navy operated Sail Training Ship (STS) Young Endeavour sailed into Fremantle today, completing a year-long circumnavigation of the world. Assistant…
Greece: Final Bids Submitted in Piraeus Port Sell-off
Greece said that final bids for a majority stake in Piraeus Port Authority, operator of its biggest port, were submitted on Monday but the prospective buyers will…
As Freight Rates Fall, LNG Shippers Brace Consolidation
Faltering LNG demand, growing tanker fleet drag on freight rates. Shippers who ply the seas to deliver liquefied natural gas (LNG) in massive tankers are likely…
Greece Awaits Final Piraeus Port Bids
Greece expects binding bids to be submitted later on Monday for a majority stake in Piraeus Port Authority, operator of its biggest port, but will not announce the…
SAL Remains in Troubled Waters
The running year turned out as a tough year in shipping. Despite a raft of technical projects for the company, the stinging tale of the low oil price created a steep…
Global Shipbuilding to Turn Around in 2017: Castrol
Despite a marginal deterioration in the growth outlook for the global shipbuilding industry, annualized five-year growth rates for the sector are still forecast to reach a healthy 3 to 5%…
MSC Plans $200mln 'Island Marine Reserve' in Bahamas
MSC Cruises, the Geneva-based global cruise line, has unveiled ambitious plans to create an unprecedented exclusive marine reserve island experience in the Bahamas.
VLCC Earnings Set for Strong Growth
London, December 15, 2015. The latest Tanker Freight Forecaster from Maritime Strategies International predicts further upside volatility in the crude tanker market…
ISS Wins Contract with NileDutch
Maritime and logistics service provider Inchcape Shipping Services (ISS) has won a new liner agency contract with specialist West African container line NileDutch.
Ampelmann Wins FPSO Walk to Work Contract in Brazil
Ampelmann, a developer of motion compensated access solutions, has been awarded its first contract in Brazil. Under the contract, Ampelmann will provide its E-Type system to Boskalis in support of an extended FPSO maintenance campaign. The Ampelmann system enables fully motion compensated ship to ship personnel transfers. Ampelmann’s track record on FPSO walk to work campaigns includes recent projects delivered in the North-Sea, Australia, Gulf of Mexico and Africa.
Salalah Port Opens New Deep-water Terminal
The Port of Salalah, a major Arab Gulf regional gateway port and transshipment hub on the Arabian Sea, has inaugurated a new deep-water General Cargo and Liquid Bulk Terminal…
Reduction in High Risk Area for Piracy Now in Force
As of 1 December 2015, the reduction to the High Risk Area (HRA) as defined in Best Management Practices 4, has taken effect. Further information may be found in our earlier web alert…
Gonzalez Passing Exercise with Turkish Navy
The Arleigh Burke-class guided-missile destroyer USS Gonzalez (DDG 66) participated in a bilateral passing exercise (PASSEX), Dec. 11, with the Turkish Navy. PASSEXs…
Maritime Piracy
Houthi Rockets Wreak Havoc on Middle East Container Shipping
Narco-Submarines: The Hidden Depths of Drug Trafficking
Drug Smuggling on Ships and Submarines: An Escalating Threat
Maersk revises profit forecast upwards due to robust demand and disruptions in the Red Sea.
Global Shipping Carriers Are Feeling the Impact of the War in Ukraine and the Middle East
Maritime Piracy in the Horn of Africa:
Houthis Declare All-Out War on Israeli Shipping, Vowing to Strike Beyond Red Sea
Injustice at Sea: Greek Court Drops Charges in Deadly Migrant Shipwreck
