ICTSI Wins “Best Corporate Bond” Award
International Container Terminal Services, Inc.’s (ICTSI) US$450 million perpetual capital securities issue was recently recognized as the Philippines’ best corporate…
Aker Bags Johan Castberg FPSO Concept Study
Aker Solutions has secured an order from Statoil to provide a concept study for a floating production, storage and offloading facility for the Johan Castberg oil field development in the Barents Sea.
Delivery of 100th Wärtsilä 34DF Marine Engine
The 100th Wärtsilä 34DF dual-fuel marine engine will be delivered from the factory in early 2016. This delivery will represent part of an order for three new large…
Consistent Growth from Contship Italia Group
Continuing support from key markets across Asia helped Contship Italia Group, the leading container terminal and intermodal transport operator in Italy, to report a steady set of results for 2015.
Swire Bulk Expands Atlantic Footprint
Swire Bulk, the dry bulk operating arm of The China Navigation Company (CNCo), opened an US Atlantic desk in the City of Miami, Florida, United States, on 25 January 2016.
Hong Kong to Conduct Dolphin Survey
(A) 22 deg. 23.920’N / 113 deg. (B) 22 deg. 23.458’N / 113 deg. (C) 22 deg. 23.034’N / 113 deg. (D) 22 deg. 18.560’N / 113 deg. (E) 22 deg. 18.910’N / 113 deg. (F) 22 deg. 19.024’N / 113 deg.
MSC Monica Refloated
Panama-flagged container ship MSC Monica, which ran aground on the St. Lawrence River near Saint-Laurent, Quebec city, Canada on January 22, was refloated, according…
Electric Boats Look Bullish
General Dynamics Electric Boat expects to hire nearly 4,000 people in the coming years as it ramps up production on Navy submarines, the Associated Press reports.
Statoil's LNG Price for Lithuania to Fall by a Third
Liquefied natural gas (LNG) price from Norwegian company Statoil ASA for Lithuania is set to fall by more than one-third and the Klaipeda LNG terminal's maintenance…
Schlumberger to Buy Stake in Fortuna LNG
Oilfield services giant Schlumberger is entering Ophir Energy’s Fortune floating liquefied natural gas (LNG) project off Equatorial Guinea after agreeing a preliminary…
Russians to Acquire Fairline Boats
Crisis-hit yacht manufacturer Fairline Boats has been saved after the firm was bought by two Russian investors. A new company, Fairline Acquisitions, funded by two…
Indian State Maharashtra Unveils New Port Policy
The Maharashtra state government has given approval to its comprehensive Maharashtra Port Development Policy for creating better facilities around 720 km coastal region of the state.
Vale's Tubarao Port to be Reopened
Brazilian mining company Vale SA may reopen its iron ore and coal port, Port of Tubarao, near Vitoria, reports Reuters. Vale, the world's largest iron ore exporter…
January 25: This Day in U.S. Navy History
1941 - The keel to USS Wisconsin (BB 64) is laid. Commissioned in April 1944, she serves during the later stages of World War II in the Pacific. She is now a museum battleship stationed in Norfolk…
Armstrong Named VP MOL (America)
MOL (America) Inc. welcomed Ronnie Armstrong to the position of vice president, area operations. He leads MOL (America) Inc.’s vessel and equipment management, intermodal services…
Metcalf to Keynote WISTA USA Luncheon
Kathy Metcalf, President & CEO, Chamber of Shipping of America was confirmed as the keynote speaker for the Eleventh Annual WISTA USA Luncheon at the CMA Shipping 2016 Conference in Stamford, CT, scheduled to take place at 11:30 a.m., Monday, March 21, 2016. WISTA USA uses this high-profile platform to highlight key personalities in the industry leaders that exemplify and resonate with WISTA's mission to promote and facilitate the exchange of information and education.
Foss to Open Oregon Customer Service Center
Foss Maritime Company recently announced it will open a consolidated customer service center in Oregon in April 2016. The company's existing Portland office will…
Nijmegen Rewards Clean Inland Vessels
From the 1st of January, 2016, Green Award certified inland barges receive a 15% discount on the harbor dues in Nijmegen. Ships holding a Green Award certificate are cleaner, produce less noise and have higher fuel efficiency. With this action the largest inland port of the Netherlands stimulates further development of sustainable shipping. The Port of Nijmegen is now a participant of the Green Award…
Baltic Index Bottoms Out at Record Low
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, ended flat on Monday, primarily due to higher rates for…
Voluntary Recall of SAFELINK EPIRBs Announced
Safety Alert- Kannad Marine has instigated a voluntary global recall program for its SAFELINK auto and manual emergency position indicating radio beacons (EPIRBs).
