Crowley Acquires Jones Act Tankers
Crowley Maritime Corp. took delivery of Ohio, the first of four new, Jones Act, product tankers this week from Aker Philadelphia Shipyard, Inc. (APSI), the wholly-owned U.S.
Aker ASA Equity Holdings Restructured
Aker ASA has on 30 September 2015 transferred its equity holdings in Converto Capital Fund AS to Aker Capital AS, a wholly-owned subsidiary of Aker. As per 30 September 2015…
Transas Support for Philippines MET
The rapid growth and development of the Philippine maritime training market caused a dramatic increase in demand for state-of-the-art simulation systems compliant…
Regulations for Singapore's Kusu Pilgrimage Season
The 2015 Kusu Pilgrimage season will commence on 13 October 2015 and end on 11 November 2015. During this period, many ferries and harbour craft carrying passengers…
Italy's Eni Arrives Arctic as Shell Departs
As Shell retreats from the Arctic, the Italian oil giant Eni is making final preparations for its own oil exploration venture in the Norwegian Arctic, reports the Guardian.
Saga Cruises Orders New Ships
Saga Cruises has placed an order for a new cruise ship to be built by Meyer Werft in Germany with the delivery date of Summer 2019. The deal comes with an option…
Japan's Chase for Australian Subs Deal
Japan has confirmed it is ready to build Australia’s submarines entirely at local shipyards, after stumbling in its effort to win the A$50 billion ($34.76 billion) contract, reports Reuters.
Moody's Changes Hapag-Lloyd to Positive
Moody’s Investors Service (Moody’s) changed the rating for German Container shipping company Hapag-Lloyd to positive from stable, thanks to cheaper fuel. According…
Russia to Deepen Novorossiysk for Larger Ships
The Russian government plans to spend between $400 to $500 million to expand and deepen the harbor of the Novorossiysk seaport to handle larger vessels, reports Moscow News.
Indonesian Parliament Okays Subs from Russia
Indonesia signaled its intent to purchase two submarines from Russia to bolster its current fleet, reports the Jakarta Post. The government's plan to purchase Kilo…
Allowing US Oil Export Could Push Crude Prices Higher -CBO
Lifting the ban on U.S. crude exports could push the price of domestic oil up roughly $2.50 a barrel in the coming decade, a report from the Congressional Budget Office said on Wednesday.
Insufficient Steel Found in Panama Canal Locks Sill
The seepage found in the Panama Canal’s third set of locks is said to be the result of an inadequate amount of steel reinforcement, the Panama Canal Authority (ACP) announced today. ACP said it was informed by the contractor responsible for the design and construction of the locks, Grupo Unidos por el Canal, S.A. (GUPC), that the localized seepage found in the concrete sill between the lower and middle…
Weapons Bound for Yemen Seized on Iranian Boat
Saudi-led coalition forces said on Wednesday they had seized an Iranian fishing boat loaded with weapons on its way to deliver them to Houthi fighters in Yemen.
Hurricane Joaquin Continues to Strengthen
Joaquin, the third hurricane of the 2015 Atlantic season, continues to strengthen and is likely to develop into a major hurricane in the next couple of days as it moves toward the Central Bahamas, the U.S. National Hurricane Center said on Wednesday. Joaquin, now a Category 1 hurricane, is located about 190 miles (305 km) east-northeast of the Central Bahamas with maximum sustained winds of 85 miles per hour (135 km/h), the latest advisory said.
White House Does Not Support Efforts to Lift Oil Export Ban
The White House does not support efforts by the U.S. Senate to lift the ban on oil exports, despite provisions in the legislation allowing the president to halt…
Weaker Capesize Demand Pulls Down Baltic Index
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry-bulk commodities, fell on Wednesday, primarily due to lower demand for capesize vessels. The overall index, which factors in average daily earnings of capesize, panamax, supramax and handysize dry-bulk transport vessels, dropped 26 points or 2.81 percent to 900 points as rates fell across vessel segments. The capesize index was down 95 points, or 4.68 percent, at 1,936 points.
US Coast Guard Offloads $41mln Drug Haul
Approximately 1,100 kilograms of cocaine and 4,420 pounds of marijuana interdicted in the Caribbean Sea worth an estimated wholesale value of $41 million was offloaded by U.S. Coast Guardsmen at Coast Guard Base Miami Beach, Fla., Tuesday. The drugs were seized as part of Operation Martillo and Unified Resolve. On September 20, a Coast Guard HC-144 Ocean Sentry aircraft located a suspicious go-fast vessel southeast of Isla Saona, Dominican Republic.
Nicaragua Canal Project Fraught with Risks
Nicaragua's planned $50 billion canal project is "fraught with risks and uncertainties," and could cause more harm than good unless the government and its Chinese…
Hapag-Lloyd, Maersk Partner on Dangerous Goods Safety
Hapag-Lloyd and Maersk Line have agreed to cooperate in increasing the safety of dangerous goods following a meeting today in Hamburg in which Maersk Line showed interest to implement a tracing system similar to Hapag-Lloyd’s watchdog program into its business processes. The watchdog program, together with the Hapag-Lloyd FIS (Freight Information System), continuously examines cargo data to identify anything conspicuous.
Infrared Systems Protect UK Navy Ships at Sea
International manufacturer of panoramic infrared thermal imaging systems HGH Infrared Systems was selected by the British Navy to incorporate its Spynel-S 3500 into an integrated Compact Combat System (C2S) for situational awareness and ship-based protection against small fast inshore attack crafts (FIACs). The system has already been tested in trials in the U.K. and will be used in part toward securing war ships in perilous locations.
