Debt Looms for South Korean Shipyards
The top four Korean shipbuilders have 2.3 trillion won ($1.9 billion) in notes maturing next year, the most in Bloomberg-compiled data going back to 1997. Bloomberg…
India to Push Coastal Shipping
Coastal shipping provides benefit in the form of less environmental pollution due to lower per km consumption of fuel. However, unavailability of consolidated cargo…
Schlumberger, Transocean Ink Service Agreements
Cameron, a Schlumberger company, today announced the signing of two 10-year pressure control equipment management service contracts on behalf of Transocean valued at greater than $350 million.
Sandahlsbolagen to operate terminal at Gothenburg Port
The family-owned company Sandahlsbolagen Sweden AB has signed a five-year agreement with Gothenburg Port Authority to operate the new intermodal terminal at the port.
Austal delivers Gabrielle Giffords (LCS 10)
Austal delivered the fifth Independence-variant littoral combat ship (LCS), the future USS Gabrielle Giffords (LCS 10), to the U.S. Navy on December 23, exactly…
Obama's Arctic Ban and Aftermath
US President Barack Obama has permanently banned offshore oil and gas drilling in the "vast majority" of US-owned northern waters. Vowing that his successor won’t be able to reverse his actions…
UK to Create Shipping Jobs through New SMarT+
The UK shipping industry will create thousands of jobs for young people if Government increases funding for seafarer training, the UK Chamber of Shipping has said.
Iran, Kazakhstan Deal for Shipping JV
The chief executive officers of Islamic Republic of Iran Shipping Line (IRISL) and Kazakhstan’s KTZ Express – a subsidiary of the country’s national railways company…
UK Eyes Part-Privatisation of Ship Register
The Bulletin Panama reported that a report by KPMG, commissioned by the Department for Transport, recommends that the Ship Register become a “govco”, a privately…
Oman Shipping Withdraws from Navig8 Pool
Navig8 Group (Navig8), the world's largest provider of maritime services, has announced that it has been advised by Oman Shipping Company SAOC (OSC) that they have…
IRISL, NITC Pact for Ship Repair JV
The initial agreement for establishing a Joint Venture Company in ship repair sector, was signed between Industrial Development and Renovation Organization of Iran (IDRO)…
Vietnam to Tap Waterways Transport Potential
The total length of waterways that can be exploited is 17,000 kilometers, of which 9,000 kilometers are capable of receiving vessels with tonnage of over 100 tons, VietNamNet Bridge reported.
Port Everglades to Deepen, Widen Channels
The Port Everglades Navigation Improvements Project has received federal authorization for the U.S. Army Corps of Engineers to move forward with deepening and widening…
Woman Medevaced from Cruise Ship
The Coast Guard medevaced a 36-year-old woman from the cruise ship Norwegian Dawn 110 miles south of Southwest Pass, Louisiana, Thursday. Coast Guard Sector New…
Executive Changes at Caterpillar
Following the previous announcement that Jim Umpleby will become Caterpillar’s Chief Executive Officer on January 1, 2017, Caterpillar Inc. announced today additional changes in its executive ranks.
Busan Port May Hit by Shipping Alliance Reshuffle
The upcoming reorganization of global shipping alliances is likely to hit Korea’s largest port in Busan and the harbor volume of Busan Port is expected to drop by 3.5 percent from next year…
Inland Waterways to Get Boost in India
The National Waterway Act, 2016 declaring 111 national waterways, including the 5 national waterways declared earlier has been enforced w.e.f. 12th April, 2016.
Shanghai, Trinidad and Tobago to Host Maritime Technology Centres
International Maritime Organization (IMO) has announced the first two institutes selected to host regional Maritime Technology Cooperation Centres (MTCCs) under an ambitious project…
Lebanese NGO “KAYANY” Bags CMA CGM Corporate Foundation 2016 Prize
On Thursday, December 22, the President of CMA CGM Corporate Foundation, Mrs. Naïla Saadé, handed over the 2016 Prize of the Corporate Foundation to Mrs. Nora Joumblatt…
New Bunkering Procedures in Singapore
The Standard Club has quoted a a circular earlier this year by the Maritime and Port Authority of Singapore (MPA) for the mandatory use of the mass flow metering…
