As the Reefer Market Grows, Hapag-Lloyd Invests Record Volumes
Hapag-Lloyd is investing a double-digit million amount in its container fleet and has ordered 6,000 (12,000 TEU) of the latest generation of reefer containers. The…
UDS Strikes Deal to Build Dive Support Ship in China
Ultra Deep Group (UDS) signed another contract with China Merchants Heavy Industry to build a Ultra Deep Installer – Multipurpose Diving Support Construction Vessel. Even though the oil market remains in the doldrums, Singapore-based UDS is powering ahead with tis strategic plan to spearhead the development and operation of efficient, cost-effective diving and support vessels in the oil and gas industry…
Viking Appoints Hegelund CFO
Viking Supply Ships AB has today appointed Ulrik Hegelund as Chief Financial Officer (CFO). Mr. Hegelund will also act as CFO in Viking Supply Ships A/S, and will…
ISS Bags Tanzania's Paragon project
Inchcape Shipping Services (ISS) has been appointed by Paragon Offshore, Houston, as marine and logistic services provider for a new drilling campaign off the Songo Songo Islands…
Inmarsat's 3rd GX Satellite Launch Confirmed
Inmarsat, the leading provider of global mobile satellite communications services, today confirmed that the third satellite in the transformational Global Xpress…
Tax Exemption for Seafarers on Indian Flag Ships
The National Union of Seafarers of India (NUSI) has informed has conceded to their demands of granting Income tax exemption to Indian seafarers sailing on Indian flag vessels.
Coast Guard's Cutter James Makes First Port Call
Fresh from commissioning festivities in Boston, Coast Guard’s newest National Security Cutter, James, made its first port call to Baltimore, Tuesday. Wednesday, Aug. 19 from 8 to 10 a.m.; 1 to 4 p.m.
Disney Cruise Uncorks Brand New Alcohol Policy
Disney Cruise Line is altering its alcohol policy, adding restrictions to what passengers may bring onboard to consume during their voyages. Starting with cruises that leave Sept.
Putin's Submarine Ride in Black Sea
Russian President Vladimir Putin has taken a high-profile dive to the bottom of the Black Sea to explore an ancient shipwreck off Crimea in a submersible, in a stunt…
Clipper Round the World Race Begins
The 12 Clipper Race yachts left the Gosport Marina and will perform a parade of sails alongside the Spinnaker Tower before heading off to London. As the boats left the marina…
Singapore Shipping Association to Boost Prospects
The Singapore Shipping Association (SSA) has unveiled a slew of plans to boost the prospects of its members amid tough global industry conditions, reports The Straits Times.
Saudi-led Coalition Bombs Yemen's Hodeidah Port
The Yemen's Red Sea port of Hodeida was seriously damaged and closed after the airstrikes of the Arab Coalition against Houthi, reports Reuters. Warplanes from a…
Brookfield Acquires Australian Port and Railroad Operator for $8.6-billion
A group lead by Brookfield Infrastructure Partners, a global asset manager, had reached an agreement to buy the Australian port and railroad operator Asciano for about $8.8 billion in cash and stock, and that it was shopping for ports farther afield in a push to expand, reports NY Times. Brookfield says the acquisition of Patrick terminal will lay the foundation for a global container terminal presence, building on its facilities at Teesport, U.K., and the Port of Los Angeles.
HII Awarded US Navy Sub Maintenance Work
Huntington Ingalls Industries (HII) announced today that its Newport News Shipbuilding division has been awarded a $57.8 million contract to perform planning in support of maintenance and modernization efforts on the submarine USS Columbus (SSN 762). If all contract options are exercised, the total value of the work would be $288 million. Contract work will include maintenance and restoration of the ship's hull structure…
Kvichak Building 4th Response Boat for NYPD
Kvichak Marine Industries, a Vigor Company, is currently constructing the fourth 44.5-foot Response Boat Medium – C (RB-M C) for the New York Police Department (NYPD) Harbor Unit. The first three vessels were delivered in April 2010, August 2012 and April 2013. The RB-M C’s have been providing maritime security and law enforcement along with search and rescue in the New York metropolitan area. “The RB-M C has proven itself in the most challenging missions,” said Art Parker, Vigor sales manager.
COSCO Delivers PSV to COSL
On July 22, COSCO (Dalian) Shipyard delivered a platform supply vessel (PSV), ¡°Hai Yang Shi You 660¡±, to China Oilfield Services Limited (COSL), the Chinese shipbuilder announced.
Lundin Norway Exercises Safe Boreas Option
Semi-submersible accommodation vessel owner and operator Prosafe informs that Lundin Norway AS has exercised an option to prolong the provision of semi-submersible accommodation vessel Safe Boreas at the Edvard Grieg Project in the Norwegian sector of the North Sea. The one-month option extends on site operations through mid-December 2015 and has a total value of approximately $10 million. In addition, Lundin has a further one-month option.
Challenging Times Ahead for LNG Shipping
LNG carrier freight rates have come under severe pressure due to rising fleet supply and stabilizing LNG demand, as Japan prepares to restart its nuclear power plants. Despite the general market belief that new LNG supply from Australian projects will provide ample employment to the growing fleet, there are immediate challenges on freight rates. This is due to 49 million tonnes per annum (mtpa) of Australian LNG cargo supply expected to hit the market over the next two years…
US to Open Bids for Gulf of Mexico Lease Sale
The U.S. Bureau of Ocean Energy Management (BOEM) said it is set to conduct a Gulf of Mexico Western Planning Area Lease Sale 246 on Wednesday, August 19 at the Mercedes-Benz Superdome in New Orleans.
G6 Alliance Axes Four Asia-Europe Sailings
Container shippers of the G6 Alliance announced four sailings within their Asia-Europe product have been cancelled in response to changes in market demand. Loop 6 service in week 40 (westbound ETA Kaohsiung, October 1, 2015). Kaohsiung will be added as a westbound call, while Jebel Ali will be inserted on the eastbound leg of Loop 7. The westbound Colombo and Xiamen calls will be added into Loop 4. Loop 7 service in week 41 (westbound ETA Qingdao October 5, 2015).
