GAIL, Gunvor Sign Time-Swap for U.S. LNG
State-run gas company GAIL (India) Ltd has signed a time-swap deal with Swiss trader Gunvor to sell some of its U.S. liquefied natural gas (LNG), sources said, as…
China Launches South China Sea Cruise Ship Tour
A new Chinese cruise ship has embarked on its maiden voyage to the disputed Paracel Islands in the South China Sea, state news agency Xinhua said on Friday, the…
Asia Dry Bulk-Capesize Rates Pressured Abundant Tonnage
Capesize rates from Western Australia to China at 8-week high; shipowners parking ships off South Africa to stop rates falling. Freight rates for large capesize…
Asia Tankers-VLCC Rates Uncertain on Tonnage Woes
MidEast tanker rates fall to $22,000 a day, below breakeven; 52 VLCCs to be delivered this year, highest since 2011. Freight rates for very large crude carriers (VLCCs)…
Fibria Inks $636 mln Ship Deal with Pan Ocean
Brazil's Fibria Celulose SA , the world's largest producer of eucalyptus pulp, signed a $636 million shipping deal with South Korea's Pan Ocean Co Ltd, according to a securities filing on Friday.
Speaking at Newport News, Trump Calls for Navy Buildup
President Donald Trump said on Thursday he wants a U.S. military buildup of more ships and planes to "project American power in distant lands," making his case for a proposed $54 billion increase in defense spending that has U.S. lawmakers squabbling. Wearing an olive military jacket and hat aboard a new aircraft carrier, the Gerald R. Ford, in Newport News, Virginia, Trump said he wanted the U.S. military to have the finest equipment in the world.
Mynmar Naval Delegation Visits Indian Naval Base
A Myanmar Navy (MN) Delegation comprising three officers: Lt Cdr ThureinTun, Lt Cdr Kyaw Zeya Oo and Lt Ye WintTun, has completed a four-day official visit to Southern…
Maiden Anti-Ship Missile Launch by Kalvari
The Indian Navy has successfully conducted the maiden firing of an Anti-Ship missile from the first of the indigenously built Kalvari class submarines, during a test firing in the Arabian Sea.
European Social Dialogue on Ports: Employers Bullish
The European social dialogue on ports was established in June 2013 by port employers and employees to identify challenges faced by the sector, improve health and…
JNPT to Support Direct Port Delivery Facility
Indian government is exhorting importers to use the Direct Port Delivery (DPD) facility, an initiative aimed at reducing dwell time and transaction costs, reported PTI.
d’Amico Delays Delivery of LR1 Tankers
Tanker shipping company d’Amico Tankers agreed with Hyundai Mipo Dockyard Co.Ltd. – South Korea to postpone the delivery of its first newbuilding LR1 (Long Range – 75…
Algoma, Nova Marine Form JV
Canada-based Algoma Central Corporation and Switzerland's Nova Marine Carriers SA have announced that they are exploring an expanded partnership that is expected…
ZIM is Back to Profit in Q4 2016
ZIM Integrated Shipping Services Ltd (ZIM) generated a net profit of $4.6 million and adjusted EBITDA of $43.9 million in Q4 2016, a significant improvement over Q3 2016.
Diana Charters OOCL Box Ship
Diana Containerships Inc., through a separate wholly-owned subsidiary, has entered into a time charter contract with Orient Overseas Container Line Ltd. (OOCL), Hong Kong…
Barge Breakaway on Ohio River
The U.S. Coast Guard is responding to a report of a barge breakaway at the Racine Lock and Dam on the Ohio River near Huntington, W.Va., Thursday. Watchstanders…
AlphaBridge Delivered to the RT Trident
Alphatron Marine has handed over the turnkey AlphaBridge tugboat console solution onboard the RT Trident to Seabulk Towing Inc. located in Fort Lauderdale, Fla. This tug bridge concept has been fully equipped with a JRC/Alphatron Marine navigation and communication package. The bridge is comprised of two ergonomically designed consoles with a central, rotatable, captain’s chair mounted on sliding rails. The layout of the consoles was designed in cooperation with the intended users.
Metal Shark Puts First Two Citywide Ferries on the Water
Louisiana-based shipbuilder Metal Shark said it has put the first two passenger vessels for New York's new Citywide Ferry Service on the water, having splashed the new builds at its Franklin, La. shipyard late last week. At 7:30 a.m. on February 24, operators from Berard Transportation began the process of moving the first of two 86' x 26' catamaran-hulled aluminum passenger vessels from Metal Shark's final assembly building to the waiting cranes from H.
Top 10 Carriers of Iranian Crude
Spotlight on Iranian Crude VesselsValue senior analyst William Bennett has put together a short report on Iranian Crude, specifically analyzing overall shipment trends (which are on the upswing). With new sanctions looming, what will the future hold? The chart shows the Top 10 companies carrying Iranian Crude in 2016.
Memorial Fund Set Up for Families of Lost Fishing Crew
Joining members of the maritime community to assist families of the six crew members of the FV Destination that went missing in the Bering Sea on February 11, 2017…
Industry 4.0 on the High Seas
Werner von Siemens’ mission to lay 50,000 nautical miles of transatlantic cables might not have been destined to fail – but at least one business rival tried to make sure that it would. It wasn’t enough to merely execute a risky project that had never been done before. The crew aboard the Faraday, the ship that Siemens and his brothers commissioned, also had to move faster than saboteurs who planted false reports in the press and even broke cables.
