Search Continues after Colombia Tourist Boat Accident
Rescue workers searched on Monday for 13 people believed to be missing after a tourist boat sank the previous day in a reservoir in north-central Colombia, killing seven.
Baltic Index Rises as Key Vessel Rates Firm
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday on higher vessel rates across the industry. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 14 points, or 1.61 percent, at 884 points. The capesize index gained 18 points, or 1.82 percent, at 1,005 points. Capesize dry bulkers have gained some momentum to start the week with average earnings ticking up about $8…
Dry Bulk, Tanker Newbuilds on the Rise -BIMCO
Tanker and dry bulk vessel newbuild contracts have been signed at an increasing pace so far in 2017, with newbuild activity for the first half of 2017 surpassing the same period last year by 20 percent. According to BIMCO, 5.9 million DWT was contracted in May 2017 and 3.1 million DWT so far in June 2017, which brings the total amount of newbuild orders up to 19.6 million DWT for 2017. So far for June 2017, 22 tankers have been contracted amounting to a total of 2.6 million DWT.
Dora Could Reach Hurricane Strength Today
Tropical Storm Dora, located off the western coast of Mexico in the Pacific Ocean, is strengthening quickly and is expected to become a hurricane on Monday, the U.S.
Apply Now for the MN100
The August 2017 edition of Marine News, the leading voice in the North American workboat market, will feature 100 leaders and innovators, including workboat owners and operators, workboat builders and repairers, and product and service providers. Is your firm a top 100 workboat, brown water or inland enterprise? Participation is free, but to be considered you must apply before July 3 at http://mn100.maritimemagazine.com/ Contact Joe Keefe with questions at: [email protected]
Irish Navy Rescues 712 off Libya
An Irish naval ship rescued 712 people including pregnant women and infants off the coast of the Libyan capital of Tripoli as part of an international migrant rescue effort…
Frontline Alters Course, Drops DHT Pursuit
CEO: Frontline will continue to expand its fleet; won't pursue M&A now, though consolidation may come later. Oslo-listed oil tanker firm Frontline has abandoned…
Lithuania Inks U.S. LNG Supply Deal
Lithuania's state-owned gas trader Lietuvos Duju Tiekimas (LDT) said on Monday it had signed a deal to buy liquefied natural gas (LNG) directly from the United States…
Woes Mount for ABG Shipyard
The Indian ministry of defence (MoD) has terminated the contracts with India's ABG Shipyard, which already was out of the race for $2.6-billion four Landing Platforms Docks (LPD).
Hindustan Shipyard May Get $3.1bln Order
India's Hindustan Shipyard Limited (HSL) has received a proposal from United Shipbuilding Corporation of Russia for a strategic partnership, The Hindu reported.
HMS Queen Elizabeth Sets Sail on Maiden Voyage
Britain's most advanced and biggest warship, 65,000-tonne aircraft carrier HMS Queen Elizabeth, set out on its maiden voyage on Monday from the Rosyth dockyard in eastern Scotland.
Austal Wins USD 584.2 million US Navy Contract
Australian shipbuilder Austal has won a $584.2 million contract to build a 14th Littoral Combat Ship for the US Navy, Reuters reported. The contract includes associated…
Ever Sigma Discharges 9 millionth TEU at Los Angeles Port
Evergreen Line’s Ever Sigma container ship discharged the 9 millionth TEU (twenty-foot equivalent unit) to pass through the Port of Los Angeles in the span of 12 months…
Rotterdam Port Contracts Four PortXL Start-ups
The Port of Rotterdam Authority is entering into a partnership with four start-ups for the development of as many innovative projects. Along with six other starters…
Korea Line Signs USD 1.15 bln LNG Shipping Deal from KOGAS
Korea Line Corporation (KLC) has secured a KRW 1.27 trillion (USD 1.1 billion) contract to transport liquefied natural gas (LNG) for its compatriot Korea Gas Corporation (KOGAS).
Sunday is the Day of the Seafarer
On Sunday, 25 June, seafarers are in focus. This date has been dedicated to seafarers as United Nations' international day in honour of the world's seafarers, the Day of the Seafarer.
UK Chamber of Shipping Survey on Election Results
A survey carried out by the UK Chamber of Shipping has found that a majority of its members believe that the general election result will damage the economy and hinder the Brexit negotiation process…
Carl Vinson Carrier Strike Group Returns from WESTPAC
The aircraft carrier USS Carl Vinson (CVN 70), Ticonderoga class guided-missile cruiser USS Lake Champlain (CG 57), Arleigh Burke-class guided-missile destroyer USS Wayne E.
MOL-MES Joint Development Next-generation Vessel Monitoring System
Mitsui O.S.K. Lines (MOL) announced an agreement with Mitsui Engineering & Shipbuilding (MES) to jointly develop next-generation vessel monitoring and support systems…
Abandonment of Seafarers on Agenda
Seafarer abandonment was the subject of a seminar held at International Maritime Organization (IMO) Headquarters, London (22 June) – a joint IMO-Consular Corps of London event.
