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SHIPS Act: 355 Ship Navy Gets Legislative Mandate

The push to rebuild the U.S. Navy received a boost today when U.S. Senator Roger Wicker…

Latest news

Diana Shipping in Time Charter Contract for Clio with Phaethon

Diana Shipping has announced that, through a separate wholly-owned subsidiary…
India's LNG Market to Reach USD 30.7bln by 2025

India Natural Gas and LNG market is expected to grow from US$ 19.7…
Global Ports Sector Faces Structurally Slower Growth, Says Fitch

Traffic growth in the ports sector is likely to remain well below…
GMN Maritime Project Seeks Stakeholder Participation

The GMN maritime technology project, run by International Maritime…
Madrid Maersk Call at Antwerp Port Sets New Record

The Madrid Maersk, the largest container carrier ever to call at…
Shipping Industry Submits Ambitious CO2 Reduction

Four major international trade associations – BIMCO, INTERCARGO,…
Vane Brothers’ New Tug Christened

The newest Vane Brothers tugboat, the New York, was christened during…
Aircraft Carrier John F. Kennedy Half Complete

U.S. shipbuilder Huntington Ingalls Industries (HII) said the structure…
Faststream Opens New Global Headquarters

Faststream Recruitment founder and CEO Mark Charman launched the…
Schwarze-Robitec Expands in USA

The tube bending machine manufacturer Schwarze-Robitec is expanding…
Navico Acquires Naviop

Marine electronics manufacturer Navico, parent company to the Lowrance…
Corvus Secures $4.9 Mln Credit Facility

Export Development Canada (EDC) has announced the closing of a CAD$6.5…

Shipbuilding/Repair

Shipping Confidence Climbs to Three-year High

Shipping confidence reached its equal highest rating in the past three years, according to the latest Shipping Confidence Survey for the three months to end-May 2017 from international accountant and shipping adviser Moore Stephens. The average confidence level expressed by respondents to the survey was up to 6.1 out of 10 from the 5.6 recorded in the previous survey in February 2017.

Deepwater

Oil at 10-month Low after Biggest First Half Slide in 20 Years

Oil prices ended down more than 2 percent on Wednesday after hitting a 10-month low in volatile trade, as growing U.S. production and reduced Chinese refinery activity fed mounting concern over the stubborn global crude glut. U.S. crude futures settled at $42.53, down 98 cents or 2.3 percent, after touching a low of $42.13, the lowest intraday level since August 2016.

Offshore

DNV GL, Goldwind in Wind Power Pact

Goldwind International and DNV GL has signed a Memorandum of Understanding (MoU) for optimizing offshore and onshore wind projects. DNV GL to be preferred independent third-party advisor for performance optimization of offshore and onshore wind projects. DNV GL, the world’s largest resource of independent energy experts and certification body…

Coastal/Inland

Public-Private Project Promises to Revive America’s Marine Highway

Plaquemines and American Patriot Holdings plan new container port-vessel system. Plans are underway for a new 4,200-acre intermodal container terminal within the Port of Plaquemines Harbor and Terminal District. The project, a partnership (Exclusivity Agreement) between the Port and American Patriot Holdings (APH) calls…

Government

USCG Interviews Containership Crew after Warship Collision

The United States Coast Guard will on Tuesday start interviewing the crew of a Philippines-flagged container ship which collided with a U.S. warship in Japanese waters killing seven American sailors. The U.S. coast guard investigation is one several into the incident on Saturday involving the guided missile destroyer USS Fitzgerald and the much larger ACX Crystal.

Equipment

Mythbusters Star Visits The Switch

Jamie Hyneman, best known as a co-host on Mythbusters, was recently in Finland to receive an Honorary Doctorate from Lappeenranta University of Technology (LUT). While in Lappeenranta, Hyneman also had an opportunity to visit several of the region’s top technology companies with origins at LUT, including electrical drive train technology specialist The Switch…

Training

At MPT, Training is Personal

Step into MPT’s new state-of-the-art S.M.A.R.T. simulation center in Fort Lauderdale and Captain Ted Morley lights up. While the center is packed with the very latest in maritime simulation software and hardware, his eagerness to usher us through the new building transcends any new technology, because at MPT mariner training is personal…

Law & Regulations

Noble Group Gets Debt Lifeline

The striggling commodities giant Noble Group has secured a 120-day extension for its USD 400 million credit facility from June 20, 2017. According to Reuters, Noble Group, has over 100 vessels on charter, confirmed that its lenders had agreed to push back a repayment deadline by four months and said it continued to be in…

Engineering to Help Aquaculture Move Offshore

Maritime Reporter Magazine Cover Jun 2017 - The Annual World Yearbook

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

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