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April 30, 2016 9:14 AM ET

Italian Ship Rescues 26 Migrants off Libya

An Italian merchant ship rescued 26 migrants off the coast of Libya in rough seas and others were feared missing, the Coast Guard said on Saturday. The Coast Guard received a call from a satellite telephone on Friday but no voice was heard. It tracked

April 30, 2016 9:05 AM ET

Symphony Sun’ Launched in Leer

On Friday the 29th of April, Nb. 420 was launched in Leer. She was christened ‘Symphony Sun’ and is the fourth vessel in a series of 6 that will be delivered to Symphony Shipping. Symphony Sun is a vessel of our ‘Ecobox’ design, which is characterized

April 30, 2016 9:03 AM ET

ACR to Debut Pathfinder PRO SART at OTC

An important addition to any commercial vessel’s survival gear kit, the Pathfinder PRO SART is introduced by ACR Electronics, Inc. at this year’s OTC. The new search and rescue transponder expands the broad range of commercial maritime survival products offered by ACR,

April 30, 2016 9:00 AM ET

Great Lakes Inks M.E., N.C. Coastal Protection Project Deals

Great Lakes Announces $55 Million in Subcontract Work in the Middle East and Award of $38 Million for a Domestic Coastal Protection Project Great Lakes Dredge & Dock Corporation (“Great Lakes”) (NASDAQ:GLDD), the largest provider of dredging services

April 30, 2016 8:57 AM ET

India's Highest non-coking coal discharge at Gangavaram Port

Gangavaram Port, the deepest and the most modern port in the country, has created yet another historical milestone record by discharging 1,56,339 metric tons of Non-Coking Coal from the vessel M.V. Cape Asia in 24 hours. This achievement stands out as

April 30, 2016 8:55 AM ET

Holland America Line Kicks off Seattle's Record Cruise Season

The Port of Seattle begins the 2016 cruise season welcoming the first ship call, Holland America Cruise Line’s Nieuw Amsterdam. Larger vessels and more cruises will make this the biggest cruise season ever with nearly one million revenue passengers.

April 30, 2016 7:30 AM ET

Shipping Industry Flying On The Dragon’s Back

 As the many Greek players in the shipping industry know well, the legend of Icarus tells us the dangers of flying too high. Merchant vessel earnings eventually found their 2008 heights just as unsustainable, even as some talked of a “new paradigm”.   Most

April 30, 2016 7:27 AM ET

Floating Products Storage in Focus

 For much of 2015, talk of floating storage was dominated by speculation that the contango in crude futures might support crude floating storage, says Gibson Tanker Report.   However, at the same time, much of the oil surplus was being absorbed by

April 30, 2016 7:26 AM ET

Panama Canal Dismisses ITF Claims

 The Panama Canal has dismisses claims by the International Transport Workers’ Federation (ITF) that questions industry standards and the operation of the Expanded Panama Canal’s new locks.   Claims made by ITF that new locks built for the Panama Canal

April 30, 2016 7:24 AM ET

Shipping, Key Ingredient of EU’s Africa Agenda

 The African economy has become one of the most promising global growth markets. Shipping is taking care of the largest part of international trade and in Africa this is even more the case due to less developed land infrastructure.    European shipowners

April 30, 2016 7:23 AM ET

Ocean Economy Set to Double in Size by 2030

 The world’s oceans must be managed well to ensure the potential of an “ocean economy” that was worth US $ 1.5 trillion in 2010.   "Calculations based on the OECD’s Ocean Economy Database value the ocean economy’s output (measured in terms of the ocean-based

April 30, 2016 7:21 AM ET

Chevron Suffers Loss, Plans Job Cuts

 Chevron Corp. reported a first-quarter loss as slumping oil prices continued to drag down revenue. The company said that it is "on target" to lay off a total of 8000 workers by the end of 2016, up from a previously stated goal.   Chevron reported a net loss of $725 million,

April 30, 2016 7:21 AM ET

Olympic Subsea Vessel Bags Contract

 Olympic Shipping has secured a contract for Olympic Delta, an inspection, maintenance and repair (IMR) vessel, with an international client  to work on a renewable energy project.    The vessel, with the length of 92.55 meters, will be employed in the renewable energy sector.

April 29, 2016 5:23 PM ET

Mercury Marine Expands Manufacturing Capacity

Mercury Marine is adding a 53,000 square foot manufacturing capacity expansion to its global headquarters in Fond du Lac, Wisc. The expansion will consist of 45,000 square feet of manufacturing capacity and an additional 8,000 square feet of office space.

April 29, 2016 5:18 PM ET

Conquest Installs 850t Crane on Allseas Solitaire

Conquest Offshore was contracted by Allseas to remove a 300-ton crane and transport and install a 850-ton Huisman crane on board of one of the largest pipe-lay vessels in the world, Allseas Solitaire.   The 397-meter vessel MV Solitaire is the largest

April 29, 2016 5:03 PM ET

Russia Diesel Exports from Primorsk to Rise in May

Russia is set to export 1.256 million tonnes of ultra-low sulphur diesel from the Baltic Sea port of Primorsk in May, slightly up from 1.209 million tonnes in April, trading sources said on Friday.     (Reporting by Ron Bousso. Editing by Jane Merriman)

April 29, 2016 3:06 PM ET

MARAD: $5 Mln Available for Marine Highway Projects

The Maritime Administration (MARAD) has announced the availability of $5 million in Federal funding to expand marine highway service by creating new or expanding existing services along designated Marine Highway Routes.   A Marine Highway Project is a planned service,

April 29, 2016 3:01 PM ET

Norovirus Outbreak on Fred. Olsen Cruise Ship

An outbreak of the norovirus stomach bug has sickened 160 people aboard a Fred. Olsen Cruise Lines ship docked at Norfolk, Virginia, U.S. health officials and the company said on Friday.   The norovirus outbreak took place aboard the Britain-based line's Balmoral during a transatlantic cruise,

April 29, 2016 2:50 PM ET

New Shipping Firm Sets up in Vancouver

A new shipping company has established itself in Vancouver as the Vancouver International Maritime Centre (VIMC) completes its Asia tour, launching in Tokyo, Singapore and Hong Kong.   Greystoke Marine Management Ltd. is the latest company to choose Vancouver for its base of operations.

April 29, 2016 2:45 PM ET

Canadian Navy Frigate Refit Program Completed

Seaspan joined Harjit S. Sajjan, Canada’s Minister of National Defense, at an official ceremony today to celebrate the completion of the Halifax-Class Modernization/Frigate Life Extension (HCM/FELEX) Refit Program on the West Coast, and transfer of the



 
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