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Parramatta Saves Yachtsmen in Southern Ocean
Australian Navy frigate, HMAS Parramatta has rescued three South African sailors from a stricken yacht approximately 1,300 kilometres southwest of Cape Leeuwin in Western Australia.
USS Carter Hall enters Black Sea
The amphibious Harpers Ferry-class dock landing ship USS Carter Hall has entered the Black Sea, the Naples-headquartered US 6th fleet press service said. "The amphibious…
Eley to Take over as Polarcus CEO
Duncan Eley has been appointed chief executive officer of Oslo listed offshore geophysical services company Polarcus Limited, replacing Rod Starr, who has resigned following a two year reorganization period. Eley has been promoted to the CEO role from his current position as chief operating officer, succeeding Starr effective immediately. Starr will continue to work with the executive management team and Polarcus' Board of Directors for a transition period during the second quarter of 2017.
Asia Tankers-VLCC Weighed by Excess Tonnage
MidEast, West Africa rates diverge; oil output curbs in Iraq and West Africa could weigh on tanker market. Freight rates for very large crude carriers (VLCCs) are…
Singapore Supports ReCAAP ISC’s Roadmap for the Future
Singapore endorsed the roadmap and strategies to strengthen Regional Cooperation Agreement on Combating Piracy and Armed Robbery (ReCAAP) Information Sharing Centre…
Baltic Index Hits Over 3-month Peak on Capesize Rally
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to an over three-month high on Thursday, buoyed by a surge in capesize vessel activity. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, climbed 25 points, or 2.18 percent, to its highest since Dec. 6 of 1,172 points. The capesize index rose 129 points, or 6 percent, to 2,265 points, its best since the end of November.
Subsea 7 CFO has 'Measured Optimism' of Oil Service Market Recovery
Oslo-listed oil services firm Subsea 7's Chief Financial Officer Ricardo Rosa told an energy conference in Oslo he sees gradual market recovery as oil prices stabilize, and the outlook for subsea project awards increasing within the next 12 months. "Previously all the discussions (with oil companies) were about cutting costs, now we are starting to talk about launching new projects... We have a measured optimism," Rosa said.
IMO Secretary-General Urges Vigilance after Tanker Hijack
In the wake of the recent hijacking of tanker Aris 13 off Puntland, Somalia, International Maritime Organization (IMO) Secretary-General Kitack Lim urged the shipping industry to be vigilant and apply diligently IMO guidance and best management practices to avert possible piracy attacks. “While we have seen a very welcome decline in piracy off Somalia since the last reported hijack by Somali pirates in 2012…
Pirates Demand Ransom for Tanker Seized off Somalia
Pirates off the coast of Somalia, who hijacked an oil tanker with eight Sri Lankan crew on board, are demanding a ransom for the release of the vessel, the EU Naval Force said.
Somali Pirates Demand Ransom for Aris 13
The EU anti-piracy operation in the Horn of Africa region said that Pirates are demanding a ransom for the release of the Comoros-flagged oil tanker Aris 13 seized…
Denel, tkMS to Partner on Naval Ship Upgrades
As Denel gets ready to revive the Naval Dockyard facilities in Simonstown, the company is collaborating with thyssenkrupp Marine Systems (tkMS) for joint support…
Ferry Safety and Technology Conference 2017
There is a convergence of new advances in technology for ferries AND quantum leaps in ferry operations in Asia, Africa and North America. Can operating a ferry be made better safer and cheaper? Yes, says technology. What’s exciting about this year’s Ferry Safety and Technology conference, the Third Annual, is the promise of technology – how telematics, affordable sensors, and graphic visualization – enhance safety, and vastly benefit the quality and cost of operations.
Somali Pirates Hijack First Ship since 2012
Pirates have hijacked an oil tanker with eight Sri Lankan crew on board, Somali authorities said on Tuesday, the first time a commercial ship has been seized in the region since 2012.
Consolidation – A Path to Subsea Vessel Sustainability
In recent years, the speed with which newbuild vessels have entered the market has amplified the subsea vessel demand/supply imbalance, says a report by Douglas-Westwood London.
African Development Bank to Fund Lamu Port
Efforts by the government to attract investors to help build 29 berths at the proposed Lamu port has received a boost from African Development Bank, said a report in The Star, Kenya.
Denel-tkMS MOU for Submarine Upgrades
As Denel gets ready to revive the Naval Dockyard facilities in Simonstown, the company is collaborating with ThyssenKrupp Marine Systems GmbH (tkMS) for joint support…
Herman Senior Orders Damen Workboat
The Dutch family-owned tug and workboat company Herman Senior BV has ordered its 12th Damen vessel, a Multi Cat 2712. Given the very short delivery time, the new vessel will be officially launched and christened Panda on March 23. Herman Senior has a tradition of naming its ships after famous bears. Based in Dordrecht, Herman Senior serves the dredging market, offshore wind farms and the oil and gas industry…
Asia Tankers-VLCC Rates Falling as Tonnage Outweighs Demand
Freight rates for very large crude carriers (VLCCs), which fell to five-month lows this week, are set to drop further as excess tonnage and an absence of port congestion weigh on the market…
S. African Watchdog Seeks Penalty Against K-Line
South Africa’s competition watchdog is seeking to fine Japan’s Kawasaki Kisen Kaisha (K-Line) as much as 10 percent of its annual revenue in the country for colluding…
IBM, Maersk in Blockchain Tie-up for Shipping Industry
IBM and Danish transport company Maersk said they were working together to digitize, manage, and track shipping transactions using blockchain technology. The technology, which powers the digital currency bitcoin, enables data sharing across a network of individual computers. It has gained worldwide popularity due to its usefulness in recording and keeping track of assets or transactions across all industries.
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
