RCL Announces Share Buyback Plan
Royal Caribbean Cruises has announced board authorization for a $500 million share repurchase program. The company said that it received board approval to implement…
Diana Shipping Gets Time Charter Contracts for Three Vessels
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for…
Japan's Big 3 Shipping Lines Eyes Profits
Japan's top three shippers -Nippon Yusen KK (NYK), Mitsui OSK Lines and Kawasaki Kisen Kaisha - appear on course for net profit in fiscal 2017, buoyed by better…
Eimskip Gets Finance Deal for New Container Vessels
Eimskip has secured 80% financing of the contract price of the vessels with a 15 year tenor in Euros taken upon delivery. The lender is the German bank KfW IPEX-Bank GmbH.
DMCA Visits Seacor Marine
Dubai Maritime City Authority visits Seacor Marine, a major operator of offshore marine support vessels, to further reinforce local maritime sector in partnership with private sector.
Disney Wonder First Passenger Vessel To Transit New Panama Canal
The Disney Wonder transited the Panama Canal on Saturday as the first passenger vessel to go through the canal's new set of locks, marking a milestone for the cruise industry.
Positive Trends in Tanker Market
Euronav NV CEO Paddy Rodgers said that the company's financial results for Q1 was a confirmation of our thesis: short term challenges but a positive medium structure building for the tanker sector.
US Coast Guard to Base 2 New Cutters in Astoria
The U.S. Coast Guard announced Friday it will homeport two of the service’s new Sentinel-Class 154-foot Fast Response Cutters (FRC) in Astoria, Oregon, starting in 2021.
Singapore Conducts Chemical Spill Drill
To test and demonstrate Singapore’s readiness to tackle oil and chemical spills, a multi-agency joint chemical spill exercise was conducted on Friday. Organized…
Singapore Rolls Out LNG Bunkering Standard
The first Singapore Technical Reference (TR) 56 for Liquefied Natural Gas (LNG) Bunkering was launched by the Maritime and Port Authority of Singapore (MPA), SPRING…
New Safety Standards for Passenger Vessels on Flensburg Fjord
Danish Maritime Authority (DMA) and the Federal Ministry of Transport and Digital Infrastructure (BMVI) signed a common agreement on safety standards for the carriage…
US Coast Guard Seizes $22.5 Mln of Cocaine
The Cyclone-class patrol coastal ship USS Zephyr (PC 8), its embarked U.S. Coast Guard Law Enforcement Detachment (LEDET) personnel and coalition forces intercepted…
MOL Rolls Out 'Rolling Plan 2017'
Mitsui O.S.K. Lines (MOL) has formulated a new management plan starting from fiscal 2017. In formulating the plan, it first devised a vision for the MOL Group 10 years from now (2027)…
New Tug, Barge Enter Service for Vane Brothers
Marine transportation provider Vane Brothers has added two newly constructed vessels to the company’s growing fleet: the 4,200-horsepower tugboat Philadelphia and the purpose-built asphalt barge Double Skin 510A. Primarily tasked with towing petroleum barges engaged in the North Atlantic coastwise trade, the Philadelphia is the fifth of eight 4,200-horsepower, model bow tugboats contracted by Vane Brothers through St. Johns Ship Building in Palatka, Fla.
USS Jackson Completes Missile Test
U.S. Navy littoral combat ship (LCS) USS Jackson fired a missile against a simulated anti-ship missile during tests off the Southern California coast, April 22. The tests, part of a Combat System Ship Qualification Trials (CSSQT) event, saw USS Jackson (LCS 6) fire a SeaRAM missile on an aerial drone, destroying the target in a demonstration of the ship’s ability to track and disable high-speed maneuvering surface targets and defeat long range anti-shipping air threats.
Austal Starts Building High-speed Ferry for Denmark
Australian shipbuilder Austal said it has started construction on a 109-meter high-speed catamaran ferry Express 4 for Molslinjen of Denmark, with the first plate-cutting conducted at Austal’s shipyard in Western Australia. Molslinjen Chairman, Frantz Palludan officially initiated the aluminum plate cutting for Austal’s largest commercial ferry project since 2011 and the largest commercial ferry by volume in the company’s 28 year history.
Five Mariners Reunite With Their Rescuers
Five mariners rescued April 15 by the U.S. Coast Guard reunited with their rescuers Thursday in Clearwater, Fla. Various members from Coast Guard Sector St. Petersburg, Station Yankeetown and Air Station Clearwater attended the reunion, shook hands with the mariners and swapped stories about the rescue. “It’s not that often that we get to meet the folks that we were able to render assistance to,” said Cmdr. Randall Brown, the search-and-rescue mission coordinator for the April 15 rescue.
Australia Plans to Limit LNG Exports
Australia's conservative government unveiled a radical plan on Thursday to restrict exports of liquefied natural gas (LNG) at times when domestic shortages push up local prices, aiming to ease soaring energy costs for local manufacturers. The plan would allow Australia's resources minister to impose controls on LNG exports on advice from the market operator and regulator, as the government seeks to cap domestic gas prices, which have become a political hot potato. "It's not a threat.
Louisiana Cat Expands in New Iberia
Louisiana Gov. John Bel Edwards and General Product Support Manager Troy Matherne of Louisiana Machinery Company announced the company will add 60 jobs and expand its New Iberia operations.
Libya Captures Oil-smuggling Tankers after Firefight
Libyan naval forces captured two vessels suspected of smuggling oil from the North African country after gun battles lasting several hours west of the capital Tripoli…