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July 23, 2014 3:52 AM ET

Costa Concordia: Operations to Tow the Wreck Begin

Maneouvres began early on Wednesday to remove the rusty hulk of the Costa Concordia cruise liner from the Italian island where it struck rocks and capsized two years ago, killing 32 people. A convoy of 14 vessels, led by the tug boat Blizzard, will

July 23, 2014 3:20 AM ET

Thai Resort Owners Sue State Owned Company for Oil Spill

Business owners on Koh Samet island are suing a state-owned petroleum enterprise for the oil spill that polluted the resort island's beaches last year. More than 50,000 litres of crude oil leaked from pipeline operated by PTT Global Chemical in July

July 23, 2014 1:04 AM ET

Bahrain US$35-M Land Reclamation Contract for GLDD

Provider of dredging services in the United States and a major provider of environmental & remediation services, Great Lakes Dredge & Dock Corporation (GLDD) says it has been awarded the contract with the Ministry of Works in Bahrain. It encompasses

July 23, 2014 12:31 AM ET

Nigerian Piracy Threatens UK Interests: New Report

The UK economy is heavily exposed to lawlessness off the coast of Nigeria, a new report published today by the UK Chamber of Shipping says. The report found that almost all of the UK’s annual £6.3bn of trade with the region is put at risk by being moved

July 23, 2014 12:17 AM ET

Global Ocean Trade: Latest Shipbuilding Orders

No tankship orders noted the past week by Clarkson Hellas in their latest S&P Weekly Bulletin, but no lack of orders in the dry bulk carrier market, all from Far East shipbuilders. Dry bulk carriers Foremost Maritime are understood by Clarkson Hellas to have added a further four 180,

July 23, 2014 12:06 AM ET

SIA to Honor Honeywell's Gordon Hope

The Security Industry Association (SIA) says it has chosen Gordon Hope, general manager of Honeywell's AlarmNet communications network, as the 2014 recipient of the George R. Lippert Memorial Award. Hope, who celebrates 25 years with Honeywell this year,

July 22, 2014 11:55 PM ET

Scorpio Tankers: Latest Financial & Ship Delivery News

Scorpio Tankers Inc. says it has updated its stock buyback program; lists its latest new vessel deliveries, and gives the release date of its second quarter 2014 earnings report. Stock Buyback Program The company has purchased 6,327,861 of its common

July 22, 2014 11:48 PM ET

USCG Rescues Woman from Detroit River

  The Coast Guard rescued a 30-year-old woman from the Detroit River late Sunday evening after she was reported to have fallen overboard when the vessel she was on was struck by another boat's wake. The woman's name is not being released and there is no Coast Guard imagery or video available.

July 22, 2014 11:37 PM ET

Hyde Marine Makes BWTS Installation Agreements

Hyde Marine, Inc., a wholly owned subsidiary of Calgon Carbon Corporation, says it has established two partnership agreements for installation of the chemical-free Hyde GUARDIAN Gold Ballast Water Treatment System (BWTS) for international markets as

July 22, 2014 11:30 PM ET

Sanjam Gupta helps Launch WISTA in Sri Lanka

  Within two years of the launch in India in 2012, the Women’s International Shipping and Trading Association (better known as WISTA), Ms. Sanjam  Sahi  Gupta, its Founder President, has moved fast to spread WISTA to the Indian sub continent. Her first

July 22, 2014 11:24 PM ET

Box Ships Inc. Repays Commerzbank Loan

Greece-based Box Ships Inc. says it has repayed in full the outstanding amount under its loan agreement with Commerzbank AG dated July 29, 2011.  The outstanding amount of the loan, as of July 21, 2014, amounted to $21.5 million and the parties agreed to the payment of $15.

July 22, 2014 11:17 PM ET

General Dynamics Launches Morgan County NextGen-911

  General Dynamics Information Technology, a business unit of General Dynamics, has implemented a NextGen-911 emergency service solution for Morgan County, Ohio. The NextGen-911 solution enables Morgan County to easily accept emergency information from

July 22, 2014 11:10 PM ET

Heavy Lift & Project Vessels Face Berthing Delays at Indian Ports

  Heavy Lift & Project vessels calling at Indian ports are experiencing congestion, which according to the trade is an artifically created situation. They point out that unlike other vessels, Heavy Lift vessels turnaround time may extends to two to three days or even more.

July 22, 2014 10:47 PM ET

Aker Philadelphia Shipyard ASA : Purchase of own shares

  Aker Philadelphia Shipyard ASA (the "Company") (Oslo: AKPS) has on 21 July 2014 purchased 2,155 shares in the Company on Oslo Axess at an average price of NOK 160.64 per share with a total consideration of NOK 346,190. Following the transaction, AKPS holds a total of 2,

July 22, 2014 10:43 PM ET

BHP Billiton Pledges A$6 mi to Bush Blitz II Project

  Alongside partners the Australian Government and Earthwatch, BHP Billiton Sustainable Communities today announced a A$6 million contribution to the second stage of the unique species discovery program, Bush Blitz. BHP Billiton’s contribution will be matched by the Australian Government,

July 22, 2014 10:40 PM ET

Hapag-Lloyd North America West Coast – Terminal Congestion Update

Hapag-Lloyd provides a status update for the heavily impacted ports. As noted in recent press articles, in anticipation of possible labor action on the US West Coast, shippers have significantly increased their import volumes. This is causing congestion in various West Coast Ports.

July 22, 2014 10:32 PM ET

Ocean Mineral Singapore Set for Seabed Exploration

Ocean Mineral Singapore Pte. Ltd. (OMS) has received approval from the International Seabed Authority (ISA) on its application for its first seabed exploration licence. Over the next few months, OMS will work with ISA to finalise the terms of contract for the award of the licence.

July 22, 2014 10:24 PM ET

COSCO Corpn. Secures Contracts of $300 mi

  COSCO Corporation (Singapore) Limited announced that shipyards, which are subsidiaries of the Company’s 51% owned subsidiary COSCO Shipyard Group Ltd, have secured contracts valued at approximately USD300 million to build one accommodation barge and seven bulk carriers as follow: 1.

July 22, 2014 5:11 PM ET

Kleven Shipbuilding Wins IES Pioneer Contract

Norway’s Kleven announced it has signed a shipbuilding contract with Malaysian based joint venture company IES Pioneer Ltd. The vessel is of Norwegian design company MarinTeknikk’s MT 6015 MPSV design and will be outfitted with a crane, helideck and FiFi II.

July 22, 2014 4:53 PM ET

Eastern to Build Offshore Vessel for Harvey Gulf

Eastern Shipbuilding announced that on, Wednesday July 16, 2014, Harvey Gulf International Marine, Inc. (HGIM) and Eastern Shipbuilding Group, Inc. (ESG) entered into a contract to construct a new Robert Allan, LTD. (RAL) RAmpage 6400 Multipurpose Field



 
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