October 8, 2015 3:51 PM ET
Mario Cordero was reconfirmed today as a U.S. Federal Maritime Commissioner.
Cordero joined the Federal Maritime Commission (FMC) as a Commissioner on June 3, 2011, having been nominated by President Barack Obama on September 17, 2010, and confirmed by the Senate on April 14, 2011.
October 8, 2015 3:12 PM ET
Anthony Chiarello, President & CEO of TOTE, owner of the cargo ship presumed to have sunk with 33 mariners aboard last week amid Hurricane Joaquin, issued a statement Wednesday afternoon promising continued support to the families of the mariners lost aboard the missing El Faro.
October 8, 2015 3:10 PM ET
The fully integrated platform management system Servowatch designed and built for three new offshore patrol vessels for the U.K. Royal Navy has completed BAE Systems’ Factory Acceptance Tests (FAT).
Servowatch, the supplier of advanced integrated ship control systems,
October 8, 2015 2:35 PM ET
President Barack Obama on Wednesday offered condolences to the families of the 33 sailors presumed to have lost their lives aboard cargo ship El Faro which is believed to have sunk amid Hurricane Joaquin last week.
The investigation into the incident will receive the government’s full support,
October 8, 2015 12:33 PM ET
Russian Urals crude differentials continued to slide in the Baltic on Thursday amid a flurry of activity with softer refining margins, pushed down by higher oil prices, still keeping buyers at bay.
In the Platts window, Statoil bought a 100,000-tonne cargo from Glencore for loadings on Oct.
October 8, 2015 12:29 PM ET
Offshore rig driller Seadrill is facing another two years in the doldrums but hopes the international rig market could turn around in 2017.
Rig rates have more than halved since the peak two to three years ago and in several cases are now below breakeven costs.
October 8, 2015 12:19 PM ET
Yanmar Marine International (YMI) will show its new range of common-rail fuel injected marine diesel engines rated for leisure marine and workboat applications at METS 2015, RAI Amsterdam, November 17 - 19.
Topping the bill of new inboards is its in-line six-cylinder is rated at 440 mhp at 3,
October 8, 2015 12:08 PM ET
ACE Winches hosted a delegation from SPRING Singapore to its Towie Barclay Works facility for a visit to share an overview of its products and services, including manufacturing and engineering expertise.
Several delegates from the Marine and Offshore
October 8, 2015 11:30 AM ET
Mercury Marine informs it has signed a supply agreement with FPT Industrial to make the FPT 6.7L mechanically fuel injected NEF engines available for sale in global markets.
Martin Bass, Mercury Marine vice president of global category management,
October 8, 2015 11:09 AM ET
Construction has begun on a new warship for the U.K. Royal Navy as the Minister of State for Defense Procurement, Philip Dunne MP cut the first steel in Glasgow today.
HMS Trent is the third of three River Class Batch 2 Offshore Patrol Vessel (OPV) designed and constructed by BAE Systems.
October 8, 2015 11:08 AM ET
The Port of Cleveland and its partner Kurtz Bros., Inc. have scored their first major user in the Port’s effort to market sediment for beneficial use.
Great Lakes Construction, Co. has purchased 6,890 cubic yards of sediment for use in the Ohio Department
October 8, 2015 11:05 AM ET
Ukrainian maize exports to China under a $1.5 billion loan-for-grains deal could be significantly below an expected 2 million tonnes this year, as Beijing appears to want less of the commodity, a senior government official said on Thursday.
According to a deal signed in 2012,
October 8, 2015 10:45 AM ET
Sea Trucks has completed sea trials of the DP3 offshore construction vessel Jascon 18 in Singapore.
Jascon 18 features a 1,800-metric-ton crane, 1,800 sq m deck and a 750-metric-ton pipelay system. Capable of performing a wide variety of marine construction
October 8, 2015 10:22 AM ET
Voyager Fishing Company, Ltd., based in Kilkeel, Northern Ireland, has ordered a new trawler/purse seiner, designed by Salt Ship Design in Norway and to be built at Karstensens Skipsværft in Skagen, Denmark.
The newbuilding will be powered by a propulsion
October 8, 2015 10:05 AM ET
Seaspan Corporation has accepted delivery of a 14,000 TEU containership new build, the YM Warmth.
The new containership, which was constructed at Hyundai Heavy Industries Co., Ltd., is Seaspan's sixth 14,000 TEU SAVER design containership and eighth delivery in 2015.
October 8, 2015 10:02 AM ET
The way in which users will be able to buy and access Autodesk software is changing.
To help users better understand these changes and their implications, software developer SSI will host a webinar October 13.
Starting January 31 users will no
October 8, 2015 9:54 AM ET
Slowing global trade and a bloated orderbook of large vessel capacity mean that container shipping is set for another three years of overcapacity and financial pain, according to the latest Container Forecaster report published by global shipping consultancy Drewry.
October 8, 2015 9:47 AM ET
National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, reported a significant hike in third-quarter net profit on Thursday.
The company's net profit for the three months to Sept. 30 was 510.3 million riyals ($136.
October 8, 2015 9:35 AM ET
Three former executives of ocean freight shipping firms have been indicted for participating in a long-running price-fixing conspiracy, the U.S. Justice Department announced.
The executives – Yoshiyuki Aoki, Masahiro Kato and Shunichi Kusunose –
October 8, 2015 9:19 AM ET
ClassNK has commenced verification tests of its next-generation condition-based monitoring (CBM) system ClassNK CMAXS e-GICSX for Mitsui’s MAN B&W engines.
The system is being jointly developed by ClassNK, Mitsui Engineering & Shipbuilding Co., Ltd.