Maritime Industry Top News
Samsung Heavy Industries Bags USD 91.47mln Newbuild Order
Samsung Heavy Industries (SHI) swept 1 trillion KRW (USD 91.47mln) worth orders, including an order from an Asian owner to build eight 12,000TEU containerships for around 820 billion KRW.
IMO Signs Partnership Deal with European Bank
The International Maritime Organization (IMO) announced that it has signed a new partnership agreement with the European Bank for Reconstruction and Development…
Guy Platten New Secretary-General of ICS
The Board of the International Chamber of Shipping (ICS) announced the appointment of Guy Platten to the role of Secretary General, after almost five years in the UK Chamber of Shipping.
India Exempts Biometric Enrolment to Promote Cruise Tourism
In order to promote cruise tourism in the country the Government of India has exempted cruise tourists arriving with e-visa from the requirement of biometric enrolment for the major ports…
Norwegian Flag Raised to 10-year High
There were 600 ships registered in the Norwegian International Ship Register (NIS) by the end of January, making the highest number of ships in the register since 2008. The ship register had been characterized by decline until 2015; there were 522 ships in the NIS in 2014. In order to reverse the negative trend, the Norwegian government presented several measures as tpart of its maritime strategy that…
West Calcasieu Port Awards Dredging Contract
The West Calcasieu Port Board of Commissioners voted this week to award the contract for the dredging of the Louisiana port's west barge basin to Coastal Dredging Company, Inc. of Hammond, La.. The successful base bid of $1,334,020 was the lowest among six bids received by the port during its competitive public bid process. “The West Cal Port Board of Commissioners was encouraged to have received such a large number of bid packets for the project…
Anchors Aweigh for Maritime Charity’s New Coffee
New coffee’s sales will raise money for maritime charities. Hampshire, U.K. based Sailors’ Society has launched a new coffee in partnership with The National Museum of the Royal Navy that will help raise money for seafarers and their families in need. Sailors’ Society, which celebrates its 200th anniversary in March, said it launched BySea coffee as a way of diversifying its income. Now, profits from a new blend…
Nautisk Names Martinsen Commercial Director
Global maritime navigation expert Nautisk said it has appointed a new Commercial Director, strengthening its team as it prepares to expand its digital navigation services. Espen Martinsen brings over 10 years’ experience in sales, and has spent the last seven years at the Danish toy group, LEGO, most recently as Nordic Field Sales Director. Prior to this he was Partner Manager at Norwegian CRM software vendor SuperOffice.
MES, TSUNEISHI Form Shipbuilding Alliance
Two more Japanese shipyards have formed a business alliance as the nation’s shipbuilders continue to struggle against an industry downturn. Mitsui Engineering & Shipbuilding Co., Ltd. (MES) and TSUNEISHI Shipbuilding Co., Ltd. say they will collaborate on commercial shipbuilding and design, becoming the latest in a string of Japanese shipbuilders to form similar partnerships in attempts to better compete with yards in China and South Korea.
Bollinger Delivers USCGC Richard Snyder (FRC 27)
Louisiana shipbuilder Bollinger Shipyards said it delivered the U.S. Coast Guard’s 27th Fast Response Cutter (FRC), U.S. Coast Guard Cutter Richard Snyder, on February 8, 2018 in Key West, Fla. The vessel’s commissioning is slated for April, 2018 in Atlantic Beach, N.C. The 154-foot patrol craft USCGC Richard Snyder is the 27th vessel in the Coast Guard's Sentinel-class FRC program, and the first be stationed in Atlantic Beach.
Qatar Accedes to BWM Convention
​Sixty-eight countries have now signed up to International Maritime Organization (IMO)'s Ballast Water Management Convention, with Qatar being the latest to accede…
DryShips to Spin Off of Its Gas Carrier Business
DryShips, a diversified owner of ocean going cargo vessels, announced that its wholly owned subsidiary, Gas Ships Limited has filed a registration statement on Form F-1 with the U.S.
Ardmore Shipping Reports Net Loss of $12.5 Mln
Tanker owner Ardmore Shipping Corporation reported a net loss of $12.5 million for the twelve months ended December 31, 2017, or $0.37 basic and diluted loss per share…
WFW Advises NYK on LNG Carrier Charter
Watson Farley Williams (WFW) advised NYK Nippon Yusen Kabushiki Kaisha (NYK) on the execution on 26 January 2018 of its long-term charter contract with EDF LNG Shipping…
Hoegh LNG Signs FSRU Deal with Gas Natural Fenosa
Norway's Höegh LNG said on Wednesday that its floating storage and regasification unit (FSRU) Höegh Giant has started its time charter contract with Spanish LNG operator Gas Natural Fenosa.
Texas Flood: U.S. Oil Pours into Global Markets
United States taking share from OPEC nations in Asia, Europe, as China’s biggest U.S. crude buyer to double imports. In the two years since Washington lifted a 40-year ban on oil exports…
Fire-stricken Fishing Vessel Grounds in the Samoan Islands
A fire-stricken commercial fishing vessel that had been adrift in the Pacific for more than three months has run aground in the Samoan Islands on Monday. The 88-foot Taiwanese-flagged Chu Zai Fa No. 1 reportedly caught fire in international waters on November 4, 2017 and remained adrift until this week, when it grounded in Leone Bay about 300-yards off the western part of Tutuila, the main island of American Samoa. The fire forced the Chu Zai Fa No.
Maersk Analysts Strike Cautious Tone
Analysts believe results and outlook in the final quarter report of Maersk (Feb. 9) might be weighed down by consolidation effects from the Hamburg Sud deal and the market situation in China.
Evergreen Orders Eight 11,000 TEU Containerships
Evergreen Marine Corp. (EMC) said it has entered into an agreement with South Korean shipbuilder Samsung Heavy Industries (SHI) to order eight 11,000 TEU containerships. Four ships will be owned by EMC’s subsidiary, Greencompass Marine S.A. and a further four by Evergreen Marine (Hong Kong) Ltd. The newbuildings are planned to be delivered from the first quarter of 2020 through the second quarter of 2021.
MacGregor Acquires Marine Business from TTS Group
MacGregor, part of Cargotec, has entered into an agreement to acquire the marine and offshore businesses from TTS Group, a global provider of cargo handling equipment…
