Sunday, December 23, 2012 Maritime News

Long Term Somali Pirate Hostages Freed

Dec 23, 2012

Twenty-two hostages seized by pirates nearly three years ago have been freed from the Panama-flagged 'MV Iceberg One'. Authorities in Somalia's semi-autonomous

Subsea Cables Demand Good News for Supply Sector

Dec 23, 2012

More than 1,100 new submarine electricity cable systems are planned from 2012 to 2020, according to a new market research report. The small and highly specialized

Alaska Drill Rig Refit Contract Terminated

Dec 23, 2012

Buccaneer Energy contextualizes termination of its contract with Archer Drilling as project manager of work on one of its jack-up rigs. The contract was for

Container Tracking: Market Leader States Strategy

Dec 23, 2012

Gatekeeper USA, Inc. explains its marketplace and its innovation in container tracking and security. Containers account for 95% of U.S. import-export shipboard cargo.

Wärtsilä AQUARIUS®UV BWMS Type Approved

Dec 23, 2012

Wärtsilä's AQUARIUS® UV Ballast Water Management System (BWMS) has been granted Type Approval in accordance with the 2004 IMO Convention. This approval endorses

Ingalls Shipbuilding: Gulf Coast Santa to Needy

Dec 23, 2012

Ingalls Shipbuilding brings holiday cheer to communities through employee donations and $15,000 to local food banks. Huntington Ingalls Industries' Ingalls Shipbuilding

UMT Ramps Up Stainless Steel Yacht Repairs

Dec 23, 2012

UMT International creates new division in response to damage caused by major storms creating higher demand for stainless steel repairs on yachts. Hurrican Sandy

Goa Shipyard Hands Over India Naval OSPV

Dec 23, 2012

The first of the new 105 meter class of Naval Offshore Patrol Vessel to be commissioned  INS Saryu' handed over to the Indian Navy. The new vessel, indigenously

Malaysia Port Operators Seek Growth in New Markets

Dec 23, 2012

Westports Malaysia, operator of the country’s busiest port, Port Klang looks to potential markets in SE Asian countries to expand container business. Chief executive officer,

UK Shipping Carbon Budget Decision Deferred

Dec 23, 2012

UK Government announce its decision on international aviation and shipping emissions. Government will defer a decision on whether to include international aviation

HIgh LNG Freight Rates Possibly Short-term

Dec 23, 2012

Market analysis suggests winter demand could cause LNG freight rates to rise but downward pressure might later be forthcoming. Rising LNG prices, almost stagnant

New Bulker, Drawdown Loans Actioned by Diana Shipping

Dec 23, 2012

Diana Shipping Inc. signs MOU to buy a new-building bulk ship from a third party; subsidiaries negotiate term loan facilities. The new-building Kamsarmax dry bulk carrier,

Drilling Rig Status Update from Rowan

Dec 23, 2012

Rowan Companies plc gives an update on notable events. EXL I:  Changed day rate to mid $220s (previously mid $210s) due to amortization adjustment. J.

COSCO China Shipyard to Build Four PSV's

Dec 23, 2012

COSCO Singapore subsidiary COSCO Zhoushan contracted with further opetion to build four Rolls Royce design Platform Supply Vessels (PSV's). The value of the contract with a Hong Kong shipowner,

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