Bulk Market Suffers Despite Record China Steel Output
BIMCO reported that China's average daily crude steel output reached a record 2.29 million metric tons in April as steel mills lifted production to meet seasonal demand, though signs of weakness in factory output and the property sector could feed through later in the year. Steel demand in China traditionally improves in Q2 as construction and manufacturing pick up with better weather. April's crudeā¦
DNV GL Revamps Port Clearance Software
DNV GL announced the release of its new Navigator Port 2 software, an overhaul of DNV Navigator. According to DNV GL, the upgraded port clearance software aims to achieve a new level of usability, with a new and intuitive structure and interface. Navigator Port 2, previously called DNV Navigator, has taken a leap forward in ease-of-use. The interface has been improved. It is now more intuitive and efficient, with a work-oriented process that is easier to understand and navigate within.
Saras Urges European Steps on Refining as Profit Slumps
Italy's Saras urged Europe to take steps to restore the competitiveness of the region's refining sector after it posted an 85 percent slump in its core earnings in the first three months due to weak refining margins. Europe's refining sector is facing growing pressure from increasing international competition, excess production capacity and weak domestic consumption. "We hope that the European Authoritiesā¦
Bomb-making Material Siezed Near Suez Canal
Fifteen tonnes of a material used to make explosives have been seized in a town straddling the Suez Canal, the Egyptian army said on Wednesday, one of the biggestā¦
Singapore's NOL Q1 Net Loss Narrows
Container shipper Neptune Orient Lines Ltd posted a net loss of $97.9 million for the quarter ended April 4, a narrower loss from the previous quarter. NOL, in whichā¦
Russia's Surgut to Export Baltic Diesel
Surgut to transport diesel by rail from its Kirishi refinery; Main diesel terminal in Primorsk reaches full capacity. Surgutneftegas will start exporting dieselā¦
Vietnam Mobs Burn Factories in Anti-China Protests
Thousands of Vietnamese set fire to factories and rampaged in industrial zones in the south of the country after protests against Chinese oil drilling in a partā¦
Tankship Owner Torm Report Lower Q1 Earnings YoY
Danish shipping company Torm reported first-quarter core earnings lower than in the same quarter last year and lowered its guidance for 2014. Earnings before interestā¦
America's First 'Virtual' Aids to Navigation on Test
The Coast Guard informs it is now testing 25 electronic aids to navigation (eATON) to augment existing physical aids and mark unique and potentially hazardous navigationā¦
Huntington Ingalls Awarded Navy DDG 51 Contract Modification
U.S. Department of Defense has awarded a Navy US$12,168,588 contract modification to support FYS warship class DDG 51 work, as follows. DoD explains in detail thatā¦
Barnhart to Purchase Hite Crane & Rigging
Barnhart says it has reached a definitive agreement to purchase Hite Crane and Rigging, who provide hoisting and rigging services throughout the Inland Empire andā¦
Ukraine Must Pay Up Front for Gazprom Gas Supplies
Gazprom inform that in a recent working meeting, Russian President Dmitry Medvedev tasked Gazprom to switch Ukraine to gas prepayment terms. The meeting involved Dmitry Medvedevā¦
Shipowners Chance 'Negative Equity' in Event of CTL
Shipowners have been warned they could face being saddled with ānegative equityā in the insurance aftermath of disasters at sea, according to Keith Jones the outgoingā¦
USS Blue Ridge 'Thais' Friendship Knot in Pattaya Visit
U.S. 7th Fleet flagship 'USS Blue Ridge' (LCC 19) along with embarked staff, Helicopter Sea Combat Squadron 12 and Marines from Fleet Anti-Terrorism Security Teamā¦
ASSONAVE: Shipbuilding Trending Upward
The Annual Meeting of ASSONAVE, the association of Italian shipbuilders, ship-repairers and producers of marine components and systems took place in Rome recentlyā¦
Coast Guard Cutter Gets a Lift Ashore in Cleveland
The U.S. Coast Guard Cutter 'Biscayne Bay', a 140-foot ice-breaking tug homeported in St. Ignace, Mich., was lifted out of Lake Erie for routine maintenance in the Great Lakes Shipyard in Cleveland.
AAPA Applauds Senate's MAP-21 Freight Focus Bill
The American Association of Port Authorities (AAPA) says it praises the leadership of the U.S. Senateās Environment and Public Works (EPW) Committee for releasingā¦
Evergreen Name Fifth New Containership
Evergreen Goup say that their newbuild 'Ever Lissome', the fifth of its L-type containerships to be built by CSBC Corporation in Taiwan, has been named in a recent shipyard ceremony.
BOEM and New Jersey Pact to Identify Sand Resources
As a part of President Obama's continuing commitment to help coastal communities recover from Hurricane Sandy and promote resilient coastal systems, the Bureauā¦
Simrad Yachting Joins The Billfish Foundation
Simrad, world-leader in the design and manufacturer of marine electronics, announced today that it has joined The Billfish Foundation and is one of their 2014 tagging program sponsors.
