US Trucks Revved Up, Capacity Crisis Revealed
As a polar vortex snarled North America's railroads and upended freight flows this winter, everyone from agricultural giant Cargill to Dow Chemical rushed to secure…
Thai Navy Patrol Boats Delivered by Marsun
Over the past decade or so, as offshore oil has grown in importance, the development of vessels to meet the needs of the industry has made great strides. The needs for reliability in demanding sea conditions will put any hull to the test. It is not unusual for a commercial vessel serving the petro-industry to clock up 6,000 or more hours of operation per year. For vessels operating on time charter, downtime can be expensive.
Bulk Market Suffers Despite Record China Steel Output
BIMCO reported that China's average daily crude steel output reached a record 2.29 million metric tons in April as steel mills lifted production to meet seasonal demand, though signs of weakness in factory output and the property sector could feed through later in the year. Steel demand in China traditionally improves in Q2 as construction and manufacturing pick up with better weather. April's crude…
DNV GL Revamps Port Clearance Software
DNV GL announced the release of its new Navigator Port 2 software, an overhaul of DNV Navigator. According to DNV GL, the upgraded port clearance software aims to achieve a new level of usability, with a new and intuitive structure and interface. Navigator Port 2, previously called DNV Navigator, has taken a leap forward in ease-of-use. The interface has been improved. It is now more intuitive and efficient, with a work-oriented process that is easier to understand and navigate within.
Saras Urges European Steps on Refining as Profit Slumps
Italy's Saras urged Europe to take steps to restore the competitiveness of the region's refining sector after it posted an 85 percent slump in its core earnings in the first three months due to weak refining margins. Europe's refining sector is facing growing pressure from increasing international competition, excess production capacity and weak domestic consumption. "We hope that the European Authorities…
Bomb-making Material Siezed Near Suez Canal
Fifteen tonnes of a material used to make explosives have been seized in a town straddling the Suez Canal, the Egyptian army said on Wednesday, one of the biggest…
Singapore's NOL Q1 Net Loss Narrows
Container shipper Neptune Orient Lines Ltd posted a net loss of $97.9 million for the quarter ended April 4, a narrower loss from the previous quarter. NOL, in which…
Russia's Surgut to Export Baltic Diesel
Surgut to transport diesel by rail from its Kirishi refinery; Main diesel terminal in Primorsk reaches full capacity. Surgutneftegas will start exporting diesel…
Vietnam Mobs Burn Factories in Anti-China Protests
Thousands of Vietnamese set fire to factories and rampaged in industrial zones in the south of the country after protests against Chinese oil drilling in a part…
Tankship Owner Torm Report Lower Q1 Earnings YoY
Danish shipping company Torm reported first-quarter core earnings lower than in the same quarter last year and lowered its guidance for 2014. Earnings before interest…
America's First 'Virtual' Aids to Navigation on Test
The Coast Guard informs it is now testing 25 electronic aids to navigation (eATON) to augment existing physical aids and mark unique and potentially hazardous navigation…
Huntington Ingalls Awarded Navy DDG 51 Contract Modification
U.S. Department of Defense has awarded a Navy US$12,168,588 contract modification to support FYS warship class DDG 51 work, as follows. DoD explains in detail that…
Barnhart to Purchase Hite Crane & Rigging
Barnhart says it has reached a definitive agreement to purchase Hite Crane and Rigging, who provide hoisting and rigging services throughout the Inland Empire and…
Ukraine Must Pay Up Front for Gazprom Gas Supplies
Gazprom inform that in a recent working meeting, Russian President Dmitry Medvedev tasked Gazprom to switch Ukraine to gas prepayment terms. The meeting involved Dmitry Medvedev…
Shipowners Chance 'Negative Equity' in Event of CTL
Shipowners have been warned they could face being saddled with ‘negative equity’ in the insurance aftermath of disasters at sea, according to Keith Jones the outgoing…
USS Blue Ridge 'Thais' Friendship Knot in Pattaya Visit
U.S. 7th Fleet flagship 'USS Blue Ridge' (LCC 19) along with embarked staff, Helicopter Sea Combat Squadron 12 and Marines from Fleet Anti-Terrorism Security Team…
ASSONAVE: Shipbuilding Trending Upward
The Annual Meeting of ASSONAVE, the association of Italian shipbuilders, ship-repairers and producers of marine components and systems took place in Rome recently…