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Dry Bulk Facing Slow Recovery, Consolidation -Dreyfus
The dry bulk shipping industry may not emerge from a protracted downturn for another two years and some smaller firms will be squeezed out, the chairman of France's…
Three Senior Appointments at Wikborg Rein, London
International law firm Wikborg Rein has further strengthened its leading presence in the shipping and offshore and onshore construction sectors with the appointment…
This Day In Naval History: June 7
1898 - During the Spanish-American War, USS Marblehead (C 11), along with auxiliary cruisers USS Yankee and USS St. Louis, engage the Spanish gunboat Sandoval and the shore batteries at Guantanamo…
This Day In Naval History: June 1
1813 - HMS Shannon, commanded by Capt. Philip Broke, captures USS Chesapeake, commanded by Capt. James Lawrence off the coast of Boston, Mass. During the battle, Capt. Lawrence is mortally wounded, but as he is carried below deck, he orders the iconic phrase: "Tell the men to fire faster! 1871 - Two ships under the squadron command of Commodore John Rodgers, on USS Colorado, are attacked from Korean forts and batteries. The squadron is carrying Frederick Low, U.S.
Commodities Shipping Firms Struggle to Ride Out Worst Downturn
Shipping companies transporting coal, and iron ore and other commodities are urgently seeking ways to conserve cash and withstand the worst market downturn on record…
Automated Skill Erosion
The increasing automation of vessels is causing some mariners to lose basic maritime skills. During dinner on June 10, 1995, the last night before the cruise ship Royal Majesty was due to arrive in Boston from its voyage to Bermuda, the master bragged to the passengers at his table that his ship could never run aground because it had all the latest electronic equipment, including a navigation system that integrated the GPS signals and other information.
Baltic Exchange Says Talks Ongoing with Potential Buyers
Talks between the Baltic Exchange and a number of suitors are continuing, but any potential buyer of the business will have to provide assurances that its central…
IUMI Welcomes Revised York-Antwerp Rules
In general, the International Union of Marine Insurance (IUMI) welcomes the revised York-Antwerp Rules (YAR 2016) which were adopted by the Comité Maritime International…
OMB - Subchapter M Cleared for Publication
The Office of Management and Budget (OMB) completed its review of the draft final rule entitled Inspection of Towing Vessels, also known as "Subchapter M." The document…
Swedish Club: Consistent Underwriting in Challenging Year
The Swedish Club reported to its board today that it has achieved a consistent 2015 underwriting performance with financial stability and cost-efficient quality services for its members.
WSS Warns of Firefighting Compliance
Ship owners will need to act now to ensure they comply with new firefighting rules brought into force on January 1, 2016 for all new buildings warns WSS. New amendments…
2015 - The Safest Year in Shipping for a Decade
The shipping industry saw its safest year in a decade in 2015, according to a new report from Allianz Global Corporate & Specialty (AGCS), though 85 total losses reported worldwide last year…
Volvo Penta’s Kull a Top Woman in Manufacturing
Marcia Kull, vice president of marine sales for Volvo Penta of the Americas, has been selected by the Manufacturing Institute as one of the top women in U.S. manufacturing for 2016. Kull and the other honorees will be recognized at the fourth annual Women in Manufacturing STEP (Science, Technology, Engineering and Production) Ahead Award at a gala dinner April 21 in Washington, D.C. The STEP Ahead…
USS Coronado Completes Survivability Test
The U.S. Navy’s littoral combat ship (LCS) USS Coronado (LCS 4) has completed survivability testing off the coast of California on January 28 in preparation for the ship's maiden deployment later this year. The purpose of the Total Ship Survivability Trial (TSST) is to evaluate the ship's systems and procedures following a simulated conventional weapon hit. The primary areas that are evaluated include the ship's ability to contain and control damage…
Three Dead on Pemex Platform, Fire Under Control
Three workers were killed and at least seven injured when a fire broke out on a Pemex oil processing platform in the Gulf of Mexico, but the latest in a string of incidents is now under control…
Shipping Lawyer, Lovell Joins Reed Smith
Global law firm Reed Smith has announced the arrival of market-leading admiralty and casualty response lawyer, Richard Lovell, as a partner in the firm’s Singapore office.
Migrant Vessel Sinks off Greece, 34 Dead
At least 34 people, including 11 children, drowned when their wooden vessel sank off a Greek island close to Turkey on Friday, the Greek coastguard said, in what…
Baltic Sea Index Hits All-time Low
The Baltic Exchange's main sea freight index, tracking rates for ships carrying industrial commodities, slumped to an all-time low on Wednesday as gloom over global…
LOC Launches Global H&M Service
Leading international marine and engineering consultancy LOC has launched a new Hull and Machinery (H&M) service. The service will be offered group-wide, with specialist…
USCG Assists Fish and Wildlife Departments Patrol Crab Opening
The Coast Guard assisted representatives of the Washington and Oregon Departments of Fish and Wildlife patrol the waters of the Pacific Northwest during the pre…