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January 21, 2017 5:45 AM ET

Shoreham Port staff given paediatric first aid training

With over half of Shoreham Port's employees already trained in adult emergency first aid the port offering paediatric first aid training has enabled individuals to feel more confident about delivering first aid outside of the workplace, especially if they have children or babies in their family.

January 21, 2017 5:42 AM ET

Acting SECNAV, Other Navy Leaders Announced

The Honorable Sean J. Stackley assumed the responsibilities of acting secretary of the Navy Jan. 20 at noon. Stackley, who served as the assistant secretary of the Navy (Research, Development and Acquisition) for more than eight years, will carry

January 20, 2017 10:22 PM ET

Norway Awards 4 APA Licensing to MOL

 The Norwegian Ministry of Petroleum and Energy has announced the results of the APA (Award in Pre-Defined Areas) licensing round, which granted four licences to MOL Norge on the Norwegian Continental Shelf.  MOL Group’s Norwegian subsidiary, MOL Norge

January 20, 2017 10:19 PM ET

Action Must be Taken If We are to Address UK Seafarer Shortfall

 UK Chamber CEO Guy Platten has responded to the publication of the Department for Transport Seafarer Projections Review by calling on government to back its SMarT Plus proposal.   The Department for Transport has this week published a study to assess

January 20, 2017 10:18 PM ET

Danish Shipping Tribunal Relocated to Viborg

 As part of the Danish Government's plan "Better balance – Government jobs closer to citizens and companies" (only available in Danish), the Danish Appeals Boards Authority was established on 1 January 2017.   A large number of Danish appeals boards

January 20, 2017 10:16 PM ET

DryShips Buys First Very Large Gas Carrier

 DryShips Inc., a diversified owner of ocean group cargo vessels, announced that it has acquired one Very Large Gas Carrier (VLGC) currently under construction at Hyundai Heavy Industries (HHI) for a purchase price of $83.5 million.    The Company financed the closing price of $21.

January 20, 2017 10:16 PM ET

Mining Wastes Report Identifies Research Gaps

 More scientific research needs to be done to understand and assess the environmental impacts of wastes from mining operations which have been disposed into the marine environment, a new report shows.   The Joint Group of Experts on the Scientific

January 20, 2017 10:14 PM ET

In The Middle Of A (Supply) Chain Reaction?

 In 2016 the shipping industry saw significant supply side adjustments in reaction to continued market pressures, says a report from Clarksons Research.   For shipbuilders this meant a historically low level of newbuild demand with fewer than 500 orders reported in 2016,

January 20, 2017 10:13 PM ET

COSCO Shipping Holdings to Buy Qingdao Port's Shares

 COSCO Shipping Ports and Qingdao Port International (QPI) announced to enter into the Transaction Agreement, pursuant to which COSCO Shipping Ports will make strategic investment in QPI.    Taking the proposed New H Share Issurance plan of QPI into consideration,

January 20, 2017 11:34 AM ET

LNG Icebreaker Polaris Bunkers in Pori

Polaris, the newest icebreaker of the Finnish icebreaking service company Arctia, set out from Katajanokka, Helsinki, for icebreaking duty in the Bothnian Bay and arrived January 10 for bunkering at the Skangas liquefied natural gas (LNG) terminal in Pori,

January 20, 2017 11:08 AM ET

A Tale of Two Tanker Classes

In a stark reminder of how volatile shipping markets can be, sentiment in the previously weak Asian Aframax market has flipped while the LR2 market continues its downward slide. The Aframax market in the East of Suez firmed rapidly with rates for the Indo/Japan route up by w22.

January 20, 2017 11:00 AM ET

RBS Sells $600 Mln of Shipping Loans, Orix Among Buyers

Royal Bank of Scotland has concluded agreements to sell at least $600 million worth of shipping loans from its portfolio as part of efforts to exit the sector, sources with direct knowledge of the deal told Reuters on Friday. RBS, which is more than 70 percent state owned,

January 20, 2017 10:57 AM ET

REINTJES Opens UK Branch Office

Propulsion specialist REINTJES said it has opened a new branch office in the south of England to service markets in the U.K. and the Republic of Ireland. Opening of the REINTJES Britain & Ireland branch office follows on the cessation of trading by

January 20, 2017 10:35 AM ET

US Coast Guard Provides Security for Trump Inauguration

U.S. Coast Guard units and partner agencies provided waterside security for the 58th Presidential Inauguration in Washington D.C., Thursday. Crews from Coast Guard Maritime Safety and Security Teams New York and San Diego and Coast Guard Cutters Chock and Heron worked with crews from federal,

January 20, 2017 10:15 AM ET

Harley Marine Names Two ATBs

Harley Marine Services has named two articulated tug and barge (ATB) units currently under construction at Gunderson Marine (barges) and Conrad Shipyard (tugs), respectively. The vessels include two 116 foot tugs and two 80,000 barrel barges.   The tugs,

January 20, 2017 10:10 AM ET

SBM Offshore Shares Gain on Hopes of Brazilian Settlement

Shares in Dutch offshore oil industry services company SBM Offshore rose on Friday on a media report the company was close to settling a corruption probe with Brazilian authorities that has prevented it from bidding for work in a major market. The shares rose as much as 5.

January 20, 2017 8:56 AM ET

Shippers Avoid New "pirate hotspot" west of Philippines

Piracy has surged in Sulu, Celebes Seas; waters part of route carrying iron ore to Asia.   A surge in piracy to the west of the Philippines is forcing shipowners to divert vessels through other waters, stoking their costs and extending the time it

January 20, 2017 8:44 AM ET

COSCO Shipping Denies OOCL Bid Reports

Rumors that COSCO Shipping Corp plans to bid for Hong Kong's Orient Overseas Container Line (OOCL) are incorrect, a spokeswoman for the Chinese shipping giant said on Friday.   "We deny these rumors," she told Reuters.   On Wednesday, the Caixin

January 20, 2017 8:34 AM ET

Asia Tankers-VLCC Rates Likely to Slide

Chartering activity could slow down in March due to refinery work; growth in tanker fleet could climb 6.5 pct, pressuring rates.   Freight rates for very large crude carriers (VLCCs) are likely to fall next week as charter activity from China slows ahead of the Chinese New Year holiday,

January 20, 2017 6:45 AM ET

Kalmar Bags DP World's Container Handlers Order

Kalmar, part of Cargotec, has been awarded an order to supply DP World's flagship terminal, Jebel Ali Port in Dubai, with the new generation empty container handlers. The order for 13 units has been booked into Cargotec's 2016 fourth quarter order intake.



 
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