Singapore Conducts Lifeboat Drills
The Singapore Maritime and Port Authority (MPA) issued a circular reminding masters and crewmembers of the hazards associated with free-fall lifeboat drills. Source:HK Law
Groups Say NZ Port Merger will Cut Costs
Reports said that shipping and business groups say a proposed merger of New Zealand's largest ports will cut costs. The Ports of Auckland and Ports of Tauranga say…
Saipem Wins $840m Contract
Saipem SpA said it has won an $840m, five-year contract from Eni Norge for rental of its new semi-submergible deepwater drilling vessel Scarabeo 8. The contract…
Seaspan to Buy 4 from Maersk
Reuters reported that Seaspan Corp. has agreed to buy four container vessels from A.P. Moller-Maersk A/S for $40m per vessel. The company said each new 4800 TEU…
Quintana Maritime Takes Delivery of Bulk Carrier
Quintana Maritime Limited has taken delivery of a Panamax bulk carrier, Grain Express, from Metrobulk. Grain Express has a carrying capacity of 76,466 deadweight…
Parties May Not Create Maritime Lien by Agreement
The U.S. Court of Appeals for the Fourth Circuit ruled that parties may not create a maritime lien by agreement. In the instant case, a bunker company provided bunkers…
TOP Tankers Sells Handymax Vessel
TOP Tankers Inc. on said it expects to book a profit of about $4m from the sale of one its tankers to an undisclosed buyer. The company said it plans to recognize the gain in the fourth quarter…
Horizon Marine Supports Rig Tow to Brazil
After 5,500 nautical miles and 64 days at sea, the semi-submersible drilling unit Noble Therald Martin arrived in Macae, Brazil. Horizon Marine assisted the routing…
Ultrapetrol Sets IPO of 12.5m Shares
Ultrapetrol Ltd., a Bahamas-based shipping company, is scheduled to go public next week with an initial public offering of 12.5 million shares. Shares are expected…
Navios Maritime Announces Long-Term Time Charters
Navios Maritime Holdings Inc., a vertically integrated global shipping company specializing in the dry-bulk shipping industry, announced today that it has secured…
Celebrity Cruises Starts on Solstice
Celebrity Cruises has taken its first step toward physically launching Celebrity Solstice in Fall 2008. The line's President Dan Hanrahan ceremoniously pressed…