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July 7, 2015 4:38 PM ET

Tunisia Reassures Yachters Following Terror Attack

A week after a terrorist attack in Tunisia, local superyacht businesses are reassuring yachters that security has been increased at Tunisian ports despite numerous cancellations.   The attack saw a gunman with alleged links to Islamic State extremists open fire on a tourist beach near Sousse,

July 7, 2015 3:21 PM ET

Shell's Icebreaker Vessel Damaged in Alaska

Royal Dutch Shell Plc's  icebreaker vessel Fennica returned to the Dutch Harbor in Alaska with a small breech in the hull, raising concerns about the company's plan to resume drilling in the Arctic later this month.   Shell said in June it plans to

July 7, 2015 3:18 PM ET

Djibouti Training Center Build on Pace

The construction of the Djibouti Regional Training Centre (DRTC) in Doraleh, Djibouti is moving forward in earnest, with a view to completion by the end of September 2015, the International Maritime Organization (IMO) said.    IMO’s Chris Trelawny and  Kiruja Micheni made a site visit Tuesday,

July 7, 2015 2:14 PM ET

Greece Port Operations Update

An update on Greece’s port operations and local conditions was issued today by maritime services provider Inchcape Shipping Services (ISS).   According to ISS, no operational delays have been reported in Piraeus container terminal operations since capital controls were enforced.

July 7, 2015 11:59 AM ET

KR Overhauls Hull Structure Software

IACS member classification society the Korean Register (KR) informs it has overhauled its SeaTrust-HullScan software package, a ship design support solution that analyzes and appraises a vessel’s. According to KR, the update will deliver efficiencies

July 7, 2015 11:34 AM ET

Cruise Ship Passenger Medevaced off US

A cruise ship passenger suffering stroke symptoms was medevaced by U.S. Coast Guard personnel approximately 200 miles east of Wilmington, North Carolina. The Coast Guard received a call late Monday afternoon from the 959-foot, Panama-flagged cruise ship Carnival Pride,

July 7, 2015 11:04 AM ET

Wärtsilä Propulsion for New Fishing Vessel

A new fishing vessel being built by Simek AS in Norway on behalf of the U.K. operator Antares (Whalsay) Fishing Company Ltd, will feature an integrated Wärtsilä propulsion solution including main engine, controllable pitch propeller and gearbox.   According to Wärtsilä,

July 7, 2015 11:02 AM ET

DNV-GL Approves Kongsberg Engine Room Simulators

Kongsberg Maritime has received DNV-GL certification for three of its latest engine room simulator models designed to provide in-depth training on the K-Sim Engine simulator platform. The DNV GL-ST-033:2014-08 Maritime Simulator Systems certification,

July 7, 2015 10:38 AM ET

Container Shipping Lucky to Break Even in 2015

A toxic mixture of overcapacity, weak demand and aggressive commercial pricing is threatening liner shipping industry profitability for the rest of 2015, according to the Container Forecaster report published by global shipping consultancy Drewry. Earlier

July 7, 2015 10:29 AM ET

Danish Ports Approve HullWiper

Authorities at the Danish ports of Copenhagen, Kalundborg and Fredricia have granted permission for GAC EnvironHull’s pioneering, diver-free, underwater HullWiper solution to be used within their ports and outside of holding areas.   These approvals

July 7, 2015 10:24 AM ET

CMA CGM's OPDR Acquisition Approved by EU

The CMA CGM Group announced that the European Commission has approved its acquisition of OPDR. In order to finalize the acquisition, which was announced on November 25, 2014 by Jacques R. Saadé, founder, Chairman and Chief Executive Officer of the CMA CGM Group,

July 7, 2015 10:21 AM ET

Dry Bulk Market Crisis: Opportunity or Threat?

The shipping industry is experiencing the biggest dry bulk market recession since the 1980s, as uncertain global economic outlook and increased imbalance between supply and demand have lead to historically low freight rates .It seems the downturn will

July 7, 2015 9:52 AM ET

Lakes Limestone Trade Tops 4 Mln Tons in June

Shipments of limestone on the Great Lakes totaled 4,042,766 tons in June, an increase of 6 percent compared to May, and 9-plus percent compared to a year ago, according to figures reported by the Lake Carriers' Association (LCA).  The June stone float

July 7, 2015 9:37 AM ET

Cuba Opens Up for Carnival Corp. Brand

Carnival Corp. granted U.S. licenses to operate direct U.S.-to-Cuba travel for the purpose of providing cultural exchange Carnival Corporation & plc said that the U.S. Department of the Treasury and the U.S. Department of Commerce granted approval for the company to begin travel to Cuba.

July 7, 2015 9:28 AM ET

First Gas Turbine-powered LNG Carrier Granted AIP

Hyundai Heavy Industries (HHI) announced it has jointly developed world’s first gas turbine-powered 174,000 m3 LNG carrier with GE Aviation and Marine and has secured Approval in Principle (AIP) on the vessel from the U.K.-based Lloyd’s Register.   The IMO Tier III-compliant 174,

July 7, 2015 8:30 AM ET

As First Victims Mourned, Italian Navy Searches On

Italy held a funeral service on Tuesday for 13 migrants who died in the worst shipwreck in the Mediterranean in recent history, while the navy continued its search for other victims of the disaster. More than 700 people, most of them locked below deck, were believed to have drowned in April.

July 7, 2015 8:17 AM ET

Migrant Sailboat Sinks in Aegean, 17 Missing

A sailboat carrying migrants sank in in the Aegean sea between Turkey and Greece on Tuesday and at least 17 people were missing, Greek authorities said. Greece's maritime ministry said Greek and Turkish rescue efforts had saved 16 of the between 33

July 7, 2015 4:28 AM ET

Maersk Sells Its Stake in ESVAGT

 Danish conglomerate A.P Moller-Maersk said Tuesday two international infrastructure investors have agreed to buy 100% of the Danish company ESVAGT from Maersk Group and ESE-Holding A/S.   The sale amounts to a value of 4.1 billion Danish kroner equaling to approximately USD $610 million.

July 7, 2015 4:27 AM ET

Carnival Vista Floated Out

The Carnival Vista has completed its dry dock phase and was recently floated out to a new location at Italy's Fincantieri shipyard, Carnival Cruise Line has announced.    Carnival Vista, currently under construction at the Fincantieri shipyard in Monfalcone,

July 7, 2015 4:27 AM ET

Tony Abbott Guarantees Submarine Jobs

 Prime Minister Tony Abbott has assured South Australians there will be more submarine jobs here even if he won’t commit to having a new fleet of vessels built there,  as Liberal MPs fear voter backlash if the contract for Australia’s next-generation fleet goes to Japan.



 
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