Global Shipping Meltdown Impacts European Banks
The collapsing maritime shipping industry is stoking another European banking headache, this time in economic powerhouse Germany, says a report in WSJ. While the Commerzbank…
IANA Introduces Resource Center
The Intermodal Association of North America has created a resource center, available on its website, to provide a wide range of information for prospective intermodal…
BHP Billiton Okay $2.2 bln Investments in Gulf of Mexico
BHP Billiton has announced that the Board has approved expenditure of US$2.2 billion for its share of the development of the Mad Dog Phase 2 project in the Gulf of Mexico.
Peterson to Develop New Port Cameron
International energy logistics provider Peterson is to partner with Port Cameron in Louisiana to develop a deepwater staging port and supply base facility serving the Gulf of Mexico.
Royal Navy's HMS Dragon Rescues Yacht Crew
Type 45 destroyer HMS Dragon rescues 14 stricken sailors from damaged British racing yacht. "The crew of Dragon have rescued 14 sailors in treacherous weather conditions…
North P&I Club Guidelines on Minimising Risk from Ro-Ro fires
North P&I Club has published a new loss prevention briefing on how to prevent, detect and fight fires on roll-on-roll-off (ro-ro) vessels and car carriers. Such…
Container Volumes zoom at Virginia Port
The Port of Virginia moved 228,516 twenty-foot equivalent units (TEUs) in January, setting a new volume mark for the month, growing volume by 18.5 percent when compared…
SCI's profits Rise
The Shipping Corporation of India Ltd (SCI) has reported a net profit of Rs.7.25 crores for the financial quarter ended 31st December 2016 (Q3 FY16-17) as compared to a loss of Rs.
Cable Laying Software, MakaiLay commissioned
In the last few months, the submarine cable industry’s #1 cable installation software, MakaiLay, has been commissioned on four cable laying vessels around the world.
13 ULSTEIN X-CONNECT Systems Sold
Deliveries of alarm and monitoring systems (ULSTEIN AMS) for 13 tugs have been contracted to Ulstein Power & Control by US based MT. The systems are based on ULSTEIN X-CONNECT.
Baleària repowers high-speed ship ‘Jaume II’
Baleària repowers the high-speed ship ‘Jaume II’ to improve its energy efficiency, reliability and service. The investment totaling more than 5.5 million euros is…
OSA opens Operational Office in Singapore
On Site Alignment (OSA) has formally opened its 3rd international operational office in Singapore at the turn of 2017. The office is in the Tuas area of Singapore…
DEME relies on Septentrio GNSS technology
The Belgian dredging, environmental and engineering group DEME relies on the accuracy and reliability of the AsteRx family of precise GNSS positioning solutions from Septentrio.
Moody's Upgrades HMM Credit Rating
South Korean Container carrier Hyundai Merchant Marine (HMM), which collaborates with the 2M alliance, has had its rating improved from the default rating D to instead BB, informs the carrier.
International Navy Friendships Strengthened in Crisis
The Royal Australian, New Zealand and Canadian Navies took part in anti-submarine warfare exercises off the east coast of New Zealand late last year. Exercise NGA…
DMA Focus on Smart Enforcement
Future shipping requires that both the maritime industry and the authorities utilise new technology and digital solutions to do their work smarter and better, the…
Diana Shipping Extends SwissMarine Charter
Diana Shipping , through a separate wholly-owned subsidiary, has agreed to extend the present time charter contract with SwissMarine Services S.A., Geneva, for one of its Capesize dry bulk vessels…
CMA CGM Improves India Middle East – East Africa Links
Swahili Express service will be dedicated to Kenya and Tanzania markets with very fast transit times. Mombasa will be reached from Mundra in 12 days and Dar Es Salaam in 14 days.
Future Maritime Leaders Practice Policy Planning
Maritime law students in Malta have been introduced to key issues in maritime transport policy making in a seminar at the IMO International Maritime Law Institute (IMLI) in Malta (7-9 February).
Higher Profits for MISC
Liquefied natural gas (LNG) shipping company has released its financial results for the year ended 31st December 2016 which show Group revenue for the quarter and…
