December 9, 2016 10:33 PM ET
The car carrier sector has been yet another part of the shipping industry to have faced challenging conditions this year, says Clarksons Research.
The focus has largely been on demand side difficulties, with growth in global seaborne car trade appearing to have gone into reverse gear.
December 9, 2016 10:31 PM ET
Maritime educators in China are the first to undergo a newly developed course designed to assist maritime training institutes to introduce the topic of energy-efficient ship operation into their teaching curriculums.
More than 30 participants from maritime universities,
December 9, 2016 10:30 PM ET
Breakbulk carrier COSCO Shipping has rebranded as COSCO Shipping Special Transport and launched its largest semi-submersible vessel to date, the Xin Guang Hua, reports Xinhua News Agency.
Xin Guang Hua, capable of carrying 100,000 tonnes of cargo, is 255 meters long and 68 meters wide.
December 9, 2016 10:29 PM ET
A meeting of salvage and wreck professionals in London, United Kingdom has been introduced to International Maritime Organization (IMO)'s Nairobi Wreck Removal Convention.
The treaty provides the legal basis for States to remove, or have removed,
December 9, 2016 10:28 PM ET
Sembcorp Marine has denied the rumours that it was mulling the sale of all or part of subsidiary PPL Shipyard, according to a report in the Business Times.
"Neither our rig-building subsidiary PPL Shipyard nor any of the yards from which PPL is operating are up for sale," says the company.
December 9, 2016 10:27 PM ET
The effective implementation of IMO garbage regulations (MARPOL Annex V) on ships and in port reception facilities was the main focus of an IMO regional workshop on marine litter for the East Asian seas region, held in Jeju, Republic of Korea (5-8 December).
December 9, 2016 10:26 PM ET
HSH Nordbank is pushing ahead with the upcoming change of ownership; it is putting on a good performance in the Core Bank supported above all by the real estate and corporate clients businesses and is continuing its systematic cost-cutting course.
December 9, 2016 10:26 PM ET
The Ministry of Shipping, India has prepared a Vision Document for “Coastal Shipping, Tourism and Regional Development” for optimum utilization of the shipping sector and coastal resources.
The document envisages increasing the share of Coastal/Inland water transportation,
December 9, 2016 4:24 PM ET
Tanker owners are bracing for a volatile year ahead after enjoying some of the highest charter rates since 2008, with OPEC plans to curb crude output potentially cutting rates by more than 40 percent.
Fewer Middle East cargoes will mean lower freight
December 9, 2016 4:19 PM ET
The Philippine Coast Guard (PCG) has taken delivery of a new Japanese-built patrol vessel in Manila on December 8.
The new vessel, Malabrigo (MRRV-4402), is the second in the Parola-class patrol vessel series of 10 new 44-meter multi-role response
December 9, 2016 2:56 PM ET
A U.S. Coast Guard helicopter crew medevaced a man after he was struck by a piece of machinery and suffered a deep laceration and possible fracture on his leg while aboard a cargo ship about 15 miles east of Galveston early Friday morning.
December 9, 2016 2:29 PM ET
The U.S. Navy has accepted delivery of future guided-missile destroyer USS John Finn (DDG 113) from shipbuilder Huntington Ingalls Industries (HII) on December 7, the 75th anniversary of the attacks on Pearl Harbor.
HII’s Ingalls Shipbuilding division
December 9, 2016 1:56 PM ET
The Maritime Alliance (TMA) has partnered with the International Trade Administration, part of the U.S. Department of Commerce, to organize and partially fund an initiative to increase exports from small maritime technology companies (typically $2 million
December 9, 2016 1:27 PM ET
U.S. energy companies this week added the most oil rigs since July 2015, extending the seven-month drilling recovery as crude prices rose to a near 17-month high.
Drillers added 21 oil rigs in the week to Dec. 9, bringing the total count up to 498,
December 9, 2016 11:46 AM ET
A new 950-foot-long, 55,000-lifting-ton floating dry dock has arrived at BAE Systems’ San Diego shipyard as part of the company’s $100 million investment in the yard to service the anticipated increase of U.S. Navy ships on the West Coast.
December 9, 2016 11:36 AM ET
Imports at the United States’ major retail container ports are expected to be up 3.2 percent this month over the same time last year as stores bring in the last of the merchandise for the holiday season, according to the monthly Global Port Tracker report
December 9, 2016 11:27 AM ET
Seaspan Ferries Corporation (SFC) announced the arrival of the Seaspan Swift, the first of two new dual-fuelled/hybrid diesel, liquefied natural gas (LNG) and battery ferries to its fleet.
The new state-of-the-art vessel, currently docked at the SFC Tilbury Terminal in Delta,
December 9, 2016 11:07 AM ET
Dellner Brakes AB chose the 2016 International WorkBoat Show in New Orleans to launch its portfolio of technologically advanced braking solutions, including the world’s first fully automated, electrical ‘stop, turn, lock’ (eSTL) system, to the U.S. marine market.
December 9, 2016 10:35 AM ET
Shipments of limestone on the Great Lakes totaled 2.5 million tons in November, a decrease of 16.8 percent compared to a year ago, the Lake Carriers’ Association (LCA) reported. November’s loadings were also 15.1 percent below the month’s five-year average.
December 9, 2016 10:14 AM ET
Twelve new P x P reducer and P x FPT union options are available for the Viega MegaPress and MegaPressG systems for carbon steel piping systems.
Viega said it has introduced 12 new reducer and union options for the Viega MegaPress and MegaPressG