HMAS Melbourne Seizes $44.5 mln Heroin
HMAS Melbourne recently seized 151 kilograms of heroin worth an estimated $AUD44.5 million from a dhow off the east coast of Africa. The drug haul is the second for HMAS Melbourne’s current deployment to the Middle East region, bringing the total weight of heroin seized to more 578 kilograms in two months. Commander Joint Operations Command, Vice Admiral David Johnston said the haul raised the Royal Australian Navy’s 2015 drug seizures in the Middle East region to almost $600 million.
Contracting in Dry Bulk Remains Low - BIMCO
The current newbuilding prices for dry bulk ships has dropped so much that they just passed the lows of 2012 heading downwards and are now at the lowest level since 2003. That could potentially sway owners into buying new ships feeding even more into the already oversupplied fleet and worsening the condition of the dry bulk market even further. However, it appears that the owners are keeping their cool and not jumping on the low prices.
Asia VLCC rates Steady at Five-Year High
MidEast-Japan rates top $111,000 a day, highest since June 2010. Freight rates in Asian trades for very large crude carriers (VLCCs) are likely to remain firm as…
Bulker Held in US for Breaching Environmental Law
The U.S. Coast Guard is continuing its investigation of an oceangoing bulk carrier, currently at anchor in Duluth, Minnesota, for allegedly violating U.S. environmental laws.
Asia-N.Europe Freight Rates Halved
Shipping freight rates for transporting containers from ports in Asia to Northern Europe dropped 50.4 percent to $275 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Shipping Exchange told Reuters. The drop came after spot freight rates on the world's busiest route soared 88 percent last week as shipping companies implemented scheduled rate hikes with effect from Dec 1.
Asian LNG Glut Deepens as Demand Falters
Demand in Japan, South Korea and China stalls; demand from new importers not enough to meet soaring supplies. Asia's liquefied natural gas (LNG) glut is set to deepen…
Cooperation Yields 'Quiet Drive' Solutions
The management teams of CENTA Antriebe Kirschey GmbH and Christie & Grey Limited have announced a strategic global sales cooperation. The agreement allows the two…
Baltic Index Tumbles on Low Demand
The Baltic Exchange's main sea freight index tracking rates for ships carrying dry bulk commodities fell for the third consecutive session on Friday on poor demand across nearly all vessel segments.
Vale Says Ships Sale, Leaseback Could Fetch $1.1 Bln
Brazil's Vale SA said on Friday that it plans to sell its 11 remaining Valemax iron ore carriers and lease them back in transactions that could raise $1.1 billion.
Three Workers Missing in Offshore Platform Accident
Three workers are missing after an accident at an offshore oil platform in the Caspian Sea in Azerbaijan, Azeri state energy company SOCAR said on Friday. SOCAR said a small cabin…
Svitzer Takes Delivery of Two Damen ASD Tugs
CPP and special render recovery winches ensure superb performance. Svitzer, the leading global towage and salvage specialist, has taken delivery of two Damen ASD Tugs 3212 in the UK. The initial contract was signed at the Tugnology 2015 event, which took place in London in May. The vessels were built for stock at Damen Song Cam Shipyard in Vietnam and arrived in Rotterdam in late October as part of a 22-vessel consignment on board BigLift Shipping’s heavy-lift vessel, Happy Star.
Strategic Marine’s Vessels: Ready for Prompt Delivery
Strategic Marine, the specialist shipbuilder and fabricator, confirmed today that its high-tech stock vessels are now available for immediate delivery. “The demand we have seen for our Offshore40 Gen3 crewboat and StratCat26 crew transfer vessel convinced us we needed to have a market-ready stock of both,” says Reece Newbold, Group Business Development Manager at Strategic Marine. Firstly: Strategic…
MAN D&T, CCS Ink Collaboration Deal at Marintec
MAN Diesel & Turbo signed a Technical Cooperation Agreement with the China Classification Society (CCS) on December 1, 2015, during Marintec China 2015. The Agreement provides for the strengthening of the cooperation between the two companies in Intelligent Ship research with regards to data exchange, online monitoring and online service. Wayne Jones – recently appointed as Executive Board Member for Sales from January 1…
Vroon Opts for MERUS Technology on a 4th Ship
Vroon Offshore Service B.V. is a diversified international shipping company and is primarily active in and around the North Sea, with a fleet of 90 offshore-vessels. After installing Pronomar - MERUS rings on Vroon sister vessels VOS Sympathy, VOS Sweet and VOS Shine, Pronomar has also equipped VOS Pace with its Pronomar – MERUS rings. The VOS Pace is the first of six PX121-type Platform Supply Vessels, designed by ULSTEIN.
New Cranes to Scale Back Massport Emissions
The U.S. Environmental Protection Agency (EPA) is awarding $333,185 to the Massachusetts Port Authority (Massport) to help retrofit five rubber tired gantry cranes…
Cenac Towing Acquires Main Iron Works, Christens New Tug
Cenac Towing Company (Cenac Towing), a third-generation owned global marine transportation company, announced continued growth despite the oil and gas industry’s downturn. Recently, Cenac Towing acquired Main Iron Works, a tug construction company, and this week, Cenac Towing will christen its brand new 2000 Hp Twin Screw Conventional Tug, The Jean Pierre Cenac. The innovative marine transportation company…
Workers Rescued from Oil Platform Fire in Caspian Sea
Forty two workers have been rescued from an offshore oil platform that caught fire in Azerbaijan's sector of the Caspian Sea, Azeri independent TV ANS said on Friday.
US Oil Rigs Cut for 13th Week in 14
U.S. energy firms this week cut oil rigs for the 13th week in the last 14, data showed on Friday, a sign drillers were still waiting for higher prices before returning to the well pad.
Laser Shined on Coast Guard Vessel
atchstanders at U.S. Coast Guard Sector Los Angeles/Long Beach operations center, received a report Thursday night from the 45-foot motor lifeboat crew at Coast…
CENTA Antriebe Kirschey GmbH, Christie & Grey to Collaborate
The management teams of CENTA Antriebe Kirschey GmbH and Christie & Grey Limited announce a strategic global sales cooperation between their companies. The agreement…