Ships Idled as Greeks Strike Again
Policy reforms required to meet bailout terms; parliament expected to measures on May 8. Greeks started a 48-hour nationwide strike on Friday in anger at tax and…
Asia-N.Europe Box Rates Dive 13 pct
Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 13.1 percent to $636 per 20-foot container (TEU) in the week ended on Friday…
UK Ship Named for BBC Naturalist, but Boaty McBoatface Lives On
A new 200 million pound ($290 million) polar research ship is to be named after veteran BBC naturalist David Attenborough but the government promised on Friday that "Boaty McBoatface"…
Evergreen Holding Group May Miss Bond Payment
Evergreen Holding Group, an unlisted company that specialises in building boats, issued a warning on Friday that it may have trouble making coupon and interest payments on a bond maturing on May 15.
Italy Rescues Nearly 1,800 Migrants in Mediterranean
Italian vessels have helped rescue nearly 1,800 migrants from boats trying to reach Italy from north Africa in the last 24 hours, the navy said on Friday, indicating…
Navy to Christen Littoral Combat Ship Manchester
The Navy will christen its newest Independence-variant littoral combat ship, USS Manchester (LCS 14), during a 10 a.m. CST ceremony Saturday, May 7 in Mobile, Alabama.
BSEE, USCG on Sharing Information, Jt Ops
Bureau of Safety and Environmental Enforcement (BSEE) Director Brian Salerno and U.S. Coast Guard Rear Admiral Paul Thomas participated in a luncheon panel discussion…
Gazprom Wins Green Development – Evolution Awards
Gazprom was announced the winner of the All-Russian Green Development – Evolution Awards 2016 in the Best Green Tech Solution category. The award was presented by…
MHIA Relocates to Houston
Today Mitsubishi Heavy Industries America, Inc. (MHIA), a Group company overseeing the business of Mitsubishi Heavy Industries, Ltd. (MHI) in North America, commenced…
Australia Orders Replacement Replenishment Ships
The Government has signed contracts with Navantia S.A. to build Australia’s two replacement replenishment ships, avoiding a critical capability gap. Australia’s…
MOL Launches Coastal LNG Transport in Indonesia
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) today teamed up with a local partner in Indonesia, PT Pelindo Energi Logistik (PEL; President Director…
EU Shipowners Want Progress at Alang Shipbreaking to Be Rewarded
Ship recycling practices in Alang, India, are gradually improving. The European Commission should acknowledge this positive development under the EU Ship Recycling Regulation.
Norwegian Cruise Line, EMC Ink Internet Deal
EMC has entered a long-term strategic agreement with Norwegian Cruise Line Holdings to deliver a faster Internet experience and premium entertainment over satellite…
Recent Strength in Dry Bulk Shipping to be Short-Lived
Drewry forecasts dry bulk freight rates in 2016 will be, on average, lower than in 2015, as the medium-to-long term fundamentals for dry bulk shipping will remain challenging…
McDermott Wins Contract in Arabian Gulf
McDermott International Inc. received three separate engineering, procurement, construction, and installation (EPCI) projects in multiple Arabian Gulf fields. The…
Ensco Lost 2 Petrobras Contracts
Ensco Plc has concluded discussions with Petrobras regarding revised commercial terms with respect to some rig contracts. Ensco 6003 and Ensco 6004 had their contracts terminated effective May 1…
Pan Ocean on Recovery Path
S. Korea’s Pan Ocean Co. is expected to see its earnings improve amid rising Baltic Dry Index (BDI) that affects spot contracts accounting for more than half of…
East Asia Trio Agree to Boost Maritime Security
Foreign ministers and defense force chiefs from Indonesia, Malaysia and the Philippines signed a joint declaration on maritime security on Thursday, calling on all…
Somalia: IMB Warns Vessels to Remain Vigilant Despite Drop in Piracy
The International Maritime Bureau (IMB) has warned foreign vessels to remain vigilant when sailing in the Horn of Africa, despite a lull in piracy incidents in the region.
MPA Conducts Ferry Evacuation Exercise To Test Emergency Preparedness
The Maritime and Port Authority of Singapore (MPA) held a half-day ferry evacuation exercise today to test the readiness of various agencies to respond to potential…
