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May 30, 2016 5:46 AM ET

Wärtsilä Electrical Systems for SIEM RoRo Ferries

Wärtsilä has been awarded the contract to provide integrated turnkey electrical solutions for four new RoRo ferries being built at the Flensburger Schiffbau-Gesellschaft (FSG) yard in Germany. The electrical systems to be delivered include

May 30, 2016 5:44 AM ET

APM Terminals Bahrain Push for Safety, IT systems

Hidd, Khalifa Bin Salman Port, Bahrain - APM Terminals Bahrain, operators of Khalifa bin Salman Port (KBSP), has recently made significant advances in Safety performance and information technology systems, including the successful completion of a Load

May 30, 2016 3:31 AM ET

Wedding Cruise Ship Runs Aground in Boston

 The Boston Harbor Cruises' Majesty ran aground in Boston Harbor on Saturday. All 137 passengers were unharmed and transferred to the Asteria, another Boston Harbor Cruises vessel, according to the U.S. Coast Guard.   One couple's wedding reception

May 30, 2016 3:28 AM ET

Seized Hanjin Shipping Vessel Resumes Operation in South Africa

 Hanjin Paradip resume  its sailing from South Africa as talks continue with owner over unpaid charter fees. The ship had been detained in Richards Bay, South Africa earlier last week over unpaid charter fees.   The vessel in 82,158 deadweight tonnage (DWT) was used to carry grain and minerals.

May 30, 2016 3:28 AM ET

Oman Shipping Makes Profit

 Oman Shipping Company (OSC) reported a $180 million profit in 2015. Tariq bin Mohammed Al Junaidi, chief executive officer of OSC has been quoted by  Oman News Agency saying that  achieving significant profit came as a result of the good performance

May 30, 2016 3:26 AM ET

Korean Shipbuilder Could Be Liquidated

 South Korea's STX Offshore & Shipbuilding Co. has filed for receivership, following massive losses that have mounted up over the past two years, says a report in the WSJ.   STX Shipbuilding, once the country's No. 4 shipbuilder, has been under the control of its creditors since April 2013,

May 30, 2016 3:26 AM ET

Mermaid Maritime Bags Subsea Contracts, Delays Newbuilding

 Thailand’s Mermaid Maritime said it has been awarded a number of subsea contracts in the Middle East with a total worth of $11million.   It has also reached an agreement with builder China Merchants Industry Holdings to postpone the delivery dates for its new assets currently under construction.

May 30, 2016 3:25 AM ET

DP World to Manage Somaliland Port for 30 Years

 DP World has reached an agreement to manage the Berbera port in Somaliland, which would allow it to become a major hub for goods to transit to and from the Horn of Africa, the Wall Street Journal reported.   DP World signed a US$442 million agreement

May 30, 2016 3:24 AM ET

Abu Dhabi Ports Try to Lure Chinese Businessmen

 Abu Dhabi Ports - the master developer, operator and manager of ports and Khalifa Industrial Zone in the Emirate - presented the integrated offerings of Khalifa Port and Kizad at an exclusive business event in Abu Dhabi.   Organised by Abu Dhabi Ports

May 29, 2016 7:48 AM ET

Greek Shipping – Still Number One!

 Despite the many domestic and market challenges facing the Hellenic ship owning community, Greece has continued to strengthen its position as the largest ship owning nation in recent years, says Clarksons Research.   As the shipping community begins to gather for another Posidonia,

May 29, 2016 7:45 AM ET

A Year is a Long Time in Tankers

 The latest Gibson Market Report focused on the age profile of the VLCC fleet and the prospects for trading life beyond 15 years of age.    Analysis of the Suezmax fleet shows a similar picture, with eighty-nine units over15 years of age (18% of the

May 29, 2016 7:45 AM ET

Deployment: The Transpacific Trade Steps Up To The Plate

 In 2015, it was the Asia-Europe route which was the focus of changing deployment trends, says Clarksons Research.   This year, it is the Transpacific trade which looks poised to drive key changes in containership deployment, with the expansion of the Panama Canal due to open in late June.

May 29, 2016 7:43 AM ET

Strike In France: Implications for Tanker Demand

 After the oil industry suffered from a severe drought in Venezuela, forest fires in Canada and rebel attacks on oil installations in Nigeria, it is now facing the consequences of a national strike in France, where members of the trade union CGT have

May 29, 2016 7:42 AM ET

SRH Marine and Setel Powerline Pact for Greek Market

 SRH Marine Electronics SA and SETEL PowerLine Ltd have entered a Reseller and Installation Partner Agreement.    Through this cooperation SRH is able to offer a complete and holistic approach to e-Navigation concept through Setel PowerLine specializing

May 29, 2016 7:39 AM ET

Floating Storage Flattens Fortunes of $50 Crude

 The prices of WTI and Brent crude briefly rose above $50/bbl during intraday trading on Thursday, the highest level seen since the end of July 2015, giving traders a brief moment of optimism, says a report from Alibra Shipping Research.   But since then, prices have trended downwards.

May 29, 2016 7:38 AM ET

Höegh LNG FSRUs on Strong Ground

 Höegh LNG is upbeat on the group’s FSRU prospects as its profit rise comes on the back of an almost tripled average regasification flow rate on Höegh LNG’s FSRU fleet compared with the same quarter last year, owing to increased imports driven by ample supplies of LNG being available at low prices.

May 29, 2016 7:23 AM ET

US Navy Updated Zika Virus Infection Guidance

Navy Medicine released updated Zika Virus Infection guidance in NAVADMIN 121/16, May 26, communicating current information, travel precautions, and risk reduction measures to Navy and Marine Corps personnel. "The updated NAVADMIN includes the latest

May 29, 2016 7:17 AM ET

CBP, AMO Unveils New Interceptor Vessel

U.S. Customs and Border Protection (CBP) Air and Marine Operations (AMO) and SAFE Boat International celebrated the unveiling of AMO’s newest coastal interceptor vessel (CIV) Thursday. In honor of AMO’s historical legacy, this first CIV will be named the Alexandria,

May 29, 2016 7:12 AM ET

Seaspan Acquires Eighth 14000 TEU Vessel

Seaspan Corporation (NYSE:SSW) announced today that it accepted delivery of a 14000 TEU containership, the YM Width. The new containership, which was constructed at CSBC Corporation, Taiwan ("CSBC") is Seaspan's eighth 14000 TEU SAVER design containership and fourth delivery in 2016.

May 29, 2016 7:09 AM ET

1,076 Graduate from U.S. Naval Academy

The U.S. Naval Academy graduated 1,076 men and women at the annual graduation and commissioning ceremony May 27 at Navy-Marine Corps Memorial Stadium. U.S. Naval Academy Superintendent Vice Adm. Ted Carter spoke about the particularly significant achievements of the Class of 2016,



 
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