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Novatek Aims to Topple Qatar from LNG Top Spot

Russian gas producer Novatek aims to topple Qatar as the world's biggest exporter…

Latest news

New 11,000 TEU Ship Enters Service for Zim

The newly built 11,000 TEU vessel Cape Sounio owned by Costamare…
Baltic Index Gains on Stronger Rates for Panamax, Smaller Vessels

The Baltic Exchange's main sea freight index, tracking rates for…
Two New Tugs for Rimorchiatori Riuniti

Italian tug operator Rimorchiatori Riuniti has continued its fleet…
Transas CEO Coles Speaks on the Future for Seafarers

A message from Frank Coles, CEO of Transas on the International Day…
KOGAS to Receive first Cheniere LNG Cargo

KOGAS to receive first LNG cargo from Cheniere in July; this marks…
Asia Tankers-VLCC Rates Supported by Floating Storage

Trafigura hires five VLCCs to store oil; short-term storage a profitable play.
Diana Shipping in Time Charter Contract for Clio with Phaethon

Diana Shipping has announced that, through a separate wholly-owned subsidiary…
India's LNG Market to Reach USD 30.7bln by 2025

India Natural Gas and LNG market is expected to grow from US$ 19.7…
Global Ports Sector Faces Structurally Slower Growth, Says Fitch

Traffic growth in the ports sector is likely to remain well below…
Reederei Hamburger Lloyd Chooses Sealink Plus VSAT

Hamburg-based shipping group Reederei Hamburger Lloyd will move its…
Ballast Water Treatment Systems: How to Ensure They Work

The second half of 2016 brought shockwaves to some ship owners who…
Cindy's Remnants Drench Gulf Coast, Wreaking Havok

The remnants of Tropical Storm Cindy brought tornadoes and flooding to the U.S.

Shipbuilding/Repair

Shipping Confidence Climbs to Three-year High

Shipping confidence reached its equal highest rating in the past three years, according to the latest Shipping Confidence Survey for the three months to end-May 2017 from international accountant and shipping adviser Moore Stephens. The average confidence level expressed by respondents to the survey was up to 6.1 out of 10 from the 5.6 recorded in the previous survey in February 2017.

Deepwater

Oil at 10-month Low after Biggest First Half Slide in 20 Years

Oil prices ended down more than 2 percent on Wednesday after hitting a 10-month low in volatile trade, as growing U.S. production and reduced Chinese refinery activity fed mounting concern over the stubborn global crude glut. U.S. crude futures settled at $42.53, down 98 cents or 2.3 percent, after touching a low of $42.13, the lowest intraday level since August 2016.

Offshore

BIMCO Updates SUPPLYTIME for Offshore Charters

Now in its fourth edition, BIMCO’s best-selling contract has been updated to reflect contemporary shipping practice and legal developments in the offshore sector. It has a purer knock for knock liability regime and is more neutrally balanced than its predecessor. The first edition of SUPPLYTIME appeared in 1975. It was…

Coastal/Inland

Public-Private Project Promises to Revive America’s Marine Highway

Plaquemines and American Patriot Holdings plan new container port-vessel system. Plans are underway for a new 4,200-acre intermodal container terminal within the Port of Plaquemines Harbor and Terminal District. The project, a partnership (Exclusivity Agreement) between the Port and American Patriot Holdings (APH) calls…

Government

USCG Interviews Containership Crew after Warship Collision

The United States Coast Guard will on Tuesday start interviewing the crew of a Philippines-flagged container ship which collided with a U.S. warship in Japanese waters killing seven American sailors. The U.S. coast guard investigation is one several into the incident on Saturday involving the guided missile destroyer USS Fitzgerald and the much larger ACX Crystal.

Equipment

Mythbusters Star Visits The Switch

Jamie Hyneman, best known as a co-host on Mythbusters, was recently in Finland to receive an Honorary Doctorate from Lappeenranta University of Technology (LUT). While in Lappeenranta, Hyneman also had an opportunity to visit several of the region’s top technology companies with origins at LUT, including electrical drive train technology specialist The Switch…

Training

At MPT, Training is Personal

Step into MPT’s new state-of-the-art S.M.A.R.T. simulation center in Fort Lauderdale and Captain Ted Morley lights up. While the center is packed with the very latest in maritime simulation software and hardware, his eagerness to usher us through the new building transcends any new technology, because at MPT mariner training is personal…

Law & Regulations

Shipping Industry Submits Ambitious CO2 Reduction

Four major international trade associations – BIMCO, INTERCARGO, International Chamber of Shipping (ICS) and INTERTANKO – have made a joint proposal to the IMO concerning ambitious CO2 reductions by the international shipping sector, which is responsible for transporting about 90% of global trade and 2.2% of the world’s annual man-made CO2 emissions.

Engineering to Help Aquaculture Move Offshore

Maritime Reporter Magazine Cover Jun 2017 - The Annual World Yearbook

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

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