SVEZA OK'd to Supply Plywood for LNG Carriers
SVEZA Ust-Izhora plywood mill recently obtained the GTT (Gaztransport & Technigaz) Approval confirming compliance with specification of containment system for liquefied natural gas carriers. SVEZA Group is a leader in birch plywood production, and it reportedly has become the first Russian domestic producer certified to deliver to LNG-carriers manufacturers. The company's target is to gain at least a 30% share of the market with the estimated annual volume of 60,000 cubic meters of plywood.
EU to Patrol for Somali Pirates Until end 2018
The European Union's naval mission will keep patrolling for pirates off the coast of Somalia for another two years, to guard against any resurgence of attacks, the bloc said on Monday.
Asia Tankers-VLCC Rates May Hit Multi-Month Highs
VLCC rates last week hit highest since April, May; balanced tonnage supply-cargo demand support rates. Freight rates for very large crude carriers (VLCCs), which rose to multi-month highs last week…
Bosphorus Strait Traffic Suspended after Collision - GAC
Traffic in Turkey's Bosphorus Strait, an important international shipping lane for oil and grain, was suspended on Monday after a minor collision between two bulk carriers, shipping agent GAC said.
$45 mln to bolster Reef Protection
The Australian and Queensland Governments are investing $45 million in an Australian first to improve water quality and reduce sediment run-off across the Great Barrier Reef.
Incat Crowther Wins Australian Export Award
Incat Crowther has been chosen as the National Winner for the CPA Australia Business Services Award. The award is given for outstanding international success in…
Oversupply Remains - Drewry
The withdrawal of Hanjin tonnage has not been enough to rectify the trade’s supply-demand imbalance and headhaul ship utilisation is lower compared to other major East-West markets.
European Cooperation Essential in Strengthening Inland Navigation
European cooperation is necessary in order to integrate inland waterway transport better into the multimodal logistic chains. the annual capital conference of KEO - Chamber Union Elbe/Oder.
Hurricane Exercise option over Drilling Rig
Hurricane Energy, the UK-based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, announces that, further to the rig…
Majo Appointed President of Civitavecchia, Gaeta and Fiumicino Port Authority
International law firm Watson Farley & Williams (“WFW“) is delighted to announce that Rome corporate Counsel Francesco Maria di Majo has been appointed president…
2nd Asian Marine Casualty Forum Launched
Following the success of the inaugural Asian Marine Casualty Forum (AMCF) in 2015 and by popular demand, the bi-annual industry forum aimed at addressing the current…
DMCA, DNV Join forces to promote Maritime Innovation
In cooperation with Det Norske Veritas, one of the world's largest classification society of vessels, Dubai Maritime City Authority's (DMCA) 'Maritime Innovation'…
Abu Dhabi Ship Building Expands Portfolio
Abu Dhabi Ship Building PJSC (ADSB), a leading provider of construction, repair and refit services for naval, military and commercial vessels, has expanded its customer…
Hamburg Süd for Sale?
Speculations about an upcoming sale of Hamburg Süd have intensified in the market, says a report in WSJ. Hamburg Sud, the seventh-largest container-shipping operator world-wide in terms of capacity…
The Arctic Is In Meltdown
The Arctic has lost almost 95% of its older ice cover since 1984, says NASA. The area covered by Arctic sea ice at least four years old has decreased from 1,860…
S.Arabia Costructs Huge Shibuilding Complex
A Reuters report quoting Saudi Arabia's energy minister Khalid al-Falih said that the country expects a huge ship repair and shipbuilding complex that its national…
Indian To Boost Maritime Security Ties with Sri Lanka
To enhance bilateral maritime relations, Indian Chief of Naval Staff Admiral Sunil Lanba, has embarked on a five-day visit to Sri Lanka. According to PTI report…
Enhancing Search and Rescue Services in Western Africa
International Maritime Organization (IMO) is supporting countries in western Africa to enhance their national search and rescue (SAR) services with a regional training…
Injured Crewman Hoisted over 170 mi off Columbia River
A Coast Guard aircrew performed a medical evacuation of an injured crew member from a 618-foot cargo vessel over 170 miles offshore from the Columbia River, Saturday.
Akastor, Mitsui, MOL Close JV Transaction
Akastor ASA (OSE: AKA) announced today that the Agreement with MITSUI & CO., LTD ("Mitsui"), and Mitsui O.S.K. Lines, Ltd. ("MOL"), to create a joint venture with…
