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March 25, 2017 10:41 PM ET

CMA CGM Fidelio: Fire on Board

 The container ship CMA CGM Fidelio caught fire on 15 nautical miles off Puerto de San Miguel (Ibiza), Spain.   The vessel was en route from Valencia to Malta, when flames erupted in the superstructure.    The Spanish Navy and

March 25, 2017 10:40 PM ET

JSW to Invest USD 1.1bln on Ports

 JSW Group will invest INR 7,000 crore (USD 1.1bln) more in the ports sector over next three years to create assets in the country as well as abroad, PTI reported.   The company is also looking at diluting up to 15 percent stake in the ports operating company,

March 25, 2017 10:40 PM ET

Upgrades Complete for Anzac Class

 The Australian Navy's eight Anzac class frigates are now all back in the water post anti-ship missile defence upgrades, with HMAS Stuart undocking at the Henderson shipyard in Western Australia.   She will now commence trials of her state-of-the-art systems and modifications.

March 25, 2017 10:39 PM ET

Wijnne Barends to Build New Ships in India

 Netherlands, based shipping company Wijnne Barends reports that it recently placed an order with India shipbuilder Chowgule & Company for the construction of six identical, energy-efficient vessels, local media reported.   The shipyard

March 25, 2017 10:39 PM ET

India's Cochin Shipyard Gears up for IPO

 Cochin Shipyard Ltd (CSL),  India's largest public sector shipyard, has filed  initial public offering (IPO)document with  the market regulator Securities and Exchange Board of India (SEBI)  to go public.  The government approved a stake sale of up to 25 percent.

March 25, 2017 10:39 PM ET

Thailand Boosts LNG Imports

 Thailand is signing new contracts for LNG purchases and expanding terminals to boost imports to replace flagging domestic production, Bloomberg reported.   Southeast Asia’s second-largest economy will boost LNG imports by more than 70 percent this year.

March 25, 2017 10:35 PM ET

Gazprom to Cement LNG Ties with Kuwait

 Russia-based energy company Gazprom has negotiated about supplies of liquefied natural gas (LNG)  to Kuwait, reports Tass.   The talks continue in "a rather progressive mood,"during the the Energy Minister Alexander Novak’s visit to the Middle East country,

March 24, 2017 9:45 PM ET

Cristobal Colon Arrives in Sydney

 HMA Ships Darwin, Melbourne and Parramatta have escorted the Spanish Armada's Cristobal Colon into Sydney Harbour as part of her role in providing platform and familiarisation training to Australian personnel.   Over the next three months the ship

March 24, 2017 9:45 PM ET

Anthony and Nicolás Remain on Hapag-Lloyd Board

 Hapag-Lloyd AG has announced the continuity in the executive management - Anthony J. Firmin remains COO and Nicolás Burr remains CFO.   The Supervisory Board of Hapag-Lloyd AG extended the Executive Board contracts of Anthony J. Firmin (COO) and Nicolás

March 24, 2017 9:44 PM ET

Natural Gas Fleet Sail to the Future

 Natural gas is set to account for an increasing share of the global energy mix in coming years, with gas consumption growing by an average of around 1.5%-2% a year out to 2040, according to energy forecasting agencies such as the IEA.    And based on recent trends,

March 24, 2017 9:44 PM ET

UK Chamber Welcomes Immigration Rule Change for International Seafarers

 The UK Chamber has welcomed an announcement by the Home Office to reform immigration rules for international students, extending the time limit to three years for educational courses which are below degree level but subject to MCA regulations that the applicant must spend 12 months at sea.

March 24, 2017 9:43 PM ET

Hapag-Lloyd: Positive Operating Result in a Challenging Environment

 Hapag-Lloyd AG remains bullish on the substantial earnings contribution from synergies from CSAV acquisition and OCTAVE cost-cutting programme alongwith further synergies expected due to the merger with UASC.   Hapag-Lloyd closed the 2016 financial year with EBITDA of EUR 607.

March 24, 2017 9:36 PM ET

GasLog Partners buy GasLog Greece

 Greece-based GasLog Partners LP has reached an agreement to buy 100% of the shares in the entity that owns and charters the liquefied natural gas (LNG) tanker GasLog Greece from GasLog Ltd.   The aggregate purchase price for the Acquisition will be $219 million,

March 24, 2017 9:36 PM ET

IMO Contributes to Meeting of Asia-Pacific Ship Safety Heads

 International Maritime Organization (IMO) is participating in the annual gathering of Asia Pacific Heads of Maritime Safety Agencies (APHoMSA) in Langkawi, Malaysia (20-24 March).    Participants from 24 IMO Member States as well as observers from IALA,

March 24, 2017 9:35 PM ET

Norway's Solstad Offshore, Farstad Shipping and Deep Sea Supply Agree Merger

 Norwegian OSV companies Solstad Offshore, Farstad Shipping and Deep Sea Supply have signed off on merger plans first announced on February 6, 2017.   The statutory merger plans have been approved and signed by the boards of Solstad, Farstad, DESSC and Solstad’s relevant subsidiaries,

March 24, 2017 12:18 PM ET

Apply Now for the MN100

The August 2017 edition of Marine News, the leading voice in the North American workboat market, will feature 100 leaders and innovators, including workboat owners and operators, workboat builders and repairers, and product and service providers.   Is your firm a top 100 workboat,

March 24, 2017 11:48 AM ET

Hapag-Lloyd Says Prospects Buoyed by Rising Freight Rates

German container shipping company Hapag-Lloyd expects increased operating earnings this year, it said on Friday, citing a rise in freight rates as market conditions improve.   The shipping industry has been grappling with a prolonged downturn brought

March 24, 2017 11:44 AM ET

Asian Spot LNG Prices Slip on Weak Demand

 Asian spot LNG prices fell this week on poor demand from major gas-consuming regions despite a slew of new purchase tenders.   The May spot LNG contract fell by $0.25 cents to $5.40 per million British thermal units (mmBtu), with new production coming on stream in Australia and the United States.

March 24, 2017 11:36 AM ET

Eight Damen Interceptors for Panama

The National Air and Naval Service of Panama (Servicio Nacional Aeronaval - SENAN) has taken delivery of four Interceptor 1102 vessels from Damen Shipyards Group. The President of Panama, Juan Carlos Varela, performed the christening ceremonies of all four vessels on February 6, 2017.

March 24, 2017 11:28 AM ET

Ferry Runs Aground in New Jersey

U.S. Coast Guard Station Sandy Hook oversaw the transfer of 95 passengers from a grounded ferry, the Whaling City Express, Thursday, near Highlands, New Jersey.   At approximately 11:15 p.m., watchstanders at Sector New York Command Center were notified

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