Burgess Marine wins Stamp of Approval for CE Marking
Britain’s largest independent ship repairer and marine engineering services provider Burgess Marine has improved its service offering by obtaining third party accreditation…
Norsafe Bags Another Swedish Coastguard contract
On Wednesday 21st December, Norsafe signed yet another new contract with the Swedish Coast Guard (KBV) to deliver nine new Magnum 750 MKII boats. The boats are specially…
Diana Shipping Grants Lower Price for Bulker Duo
Diana Shipping Inc. Diana Shipping Inc., today announced that, through two separate wholly-owned subsidiaries, it has signed two addenda with China Shipbuilding Trading Company…
Repeat Order for Damen from Ivory Coast
Following the contract signing between Damen Shipyards Group and Société de Transport Lagunaire (STL) for 16 shallow-draught ferries for the Ivory Coast city of Abidjan…
Boskalis to Reinforce Houtrib Dike
Royal Boskalis Westminster N.V. (Boskalis) announces that the Dutch Directorate General for Public Works and Water Management (Rijkswaterstaat) intends to award…
Moody's Assigns Panama Canal A2 Rating
Today, Moody's credit rating agency announced that it has assigned an A2 rating to the Panama Canal Authority (ACP) for its business model, unique geographic advantage…
H&S Container Line Starts New Rail Shuttle
Since December 14 2016, multimodal rail operator H&S Container Line is offering a direct rail connection between the port of Antwerp and Andernach (Germany, Rhineland-Palatinate).
Exhibition on Risk of Oil Pollution from Ships
The International Group is collaborating with the International Maritime Organization (IMO), International Oil Pollution Compensation Fund (IOPC) Funds and other…
Euroseas Acquires Ultramax Newbuilding
Euroseas Ltd., an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced…
DNV GL Launches North American OEM Committee
DNV GL's Center of Excellence for Drilling & Well Control Equipment recently hosted the inaugural gathering of the North American Offshore Equipment Manufacturers' Committee (NAOEMC).
CMA CGM Opts for DP World London Gateway
CMA CGM’s European Caribbean Service is to begin calling at DP World London Gateway Port following enhancements to the rotation. It means that this particular service…
Container Trade In The 21st Century
While container trade growth has slowed in recent years, box trade has still expanded significantly since the turn of the milliennium, according to Clarkson Research Services Limited.
Shipping Confidence Improved: Moore Stephens
Shipping confidence improved for the third successive quarter in the three months to end-November 2016, says a report by Moore Stephens, an accounting and advisory network in UK.
Long Beach Weighs Offer for Hanjin Terminal
The Long Beach Board of Harbor Commissioners will consider a proposal by a terminal investor to take over a majority stake in a long-term lease to operate the largest container terminal in the Port of Long Beach. If approved, the pact could bring in business to replace the cargo volume lost at Long Beach’s Pier T when South Korea’s Hanjin Shipping declared bankruptcy in August. Terminal Investment Limited (TIL), a subsidiary of the Mediterranean Shipping Co.
Big Slowdown for US Coal Exports -BIMCO
Since Q1 2013, the significance of U.S. coal exports has seen a considerable setback, with 2016 achieving the same levels as 2009. This is due to the long-haul routes carrying coking coal from the U.S. East Coast and U.S. Gulf Coast to East Asia, are not operating to the same extent and the EU is demanding less thermal coal, says shipping organization Baltic and International Maritime Council (BIMCO). When BIMCO first published its story concerning U.S. coal in 2013, U.S.
Repair Yard Detyens Taps into Key Niche Markets
Location, location, location. Centrally located, experienced in a surprisingly wide range of disciplines, Detyens Shipyard has quietly ‘dredged’ up a niche in the…
Operation Coal Shovel Icebreaking Underway
The U.S. Coast Guard officially commenced Operation Coal Shovel, Tuesday, encompassing domestic ice-breaking operations in southern Lake Huron, Lake St. Clair, the St. Clair / Detroit River system, Lake Erie, Lake Ontario and the St. Lawrence Seaway. U.S. and Canadian Coast Guard icebreakers work together to break ice in these waterways as conditions worsen throughout the winter. The Coast Guard conducts domestic ice-breaking operations for the purposes of search-and-rescue…
Arctic Drilling Ban Gives Canada Leg Up -US Lawmakers
U.S. lawmakers on Wednesday slammed an agreement made with Canada to ban offshore Arctic drilling, saying Ottawa's plan to review its ban every five years gives Canada a leg up on energy exploration. U.S. President Barack Obama on Tuesday announced a ban on new oil and gas drilling federal waters in the Atlantic and Arctic Oceans, while Canada instituted a similar ban in its Arctic waters. Unlike the United States…
Innovation in Offshore Transfer of LNG
The marine and offshore industries are becoming increasingly concerned with questions over the future fuel market, especially given ongoing uncertainty around future emissions regulations and the dates in which they will come into force. Marine owners and operators need to identify viable solutions now to ensure cost effective compliance with regulations and efficient operations in the future. Liquefied natural gas (LNG) will play a key role in the future fuel mix.
Forrest Lucas: The 'Every Man' Tycoon
Forrest Lucas is a proverbial ‘rags-to-riches’ story, emerging from rural Indiana to build a corporate empire. From truck driver to truck fleet owner to oil and media magnate – including naming rights to an NFL stadium – Lucas is the ‘every man’ tycoon with eyes on the commercial maritime market. Talk to Forrest Lucas for five minutes and it is easy to see that his claims to be a ‘regular guy’ – placing honesty and integrity at the forefront of all dealings – is earnest.
