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Heavy Rain Hampers Kenya Port Trade
A washed-out road in Kenya has blocked the flow of goods from Kenya's Indian Ocean port of Mombasa for a second straight day, officials said on Wednesday, choking…
U.S. & China: U.S. Must Invest in Maritime to Avoid “Sea Strangulation”
A new study examines the steady decline of the U.S. Merchant Marine fleet, which today numbers less than 100 vessels in international trade, and warns that U.S. global competitiveness and maritime security -- particularly in light of a fast-emerging China -- is at grave risk unless investment is made to grow the U.S. flag fleet and influence on the world's waters. “Sea Strangulation: How the United States has Become Vulnerable to Chinese Maritime Coercion…
Aegis Logistics commissioned ahead of schedule
Aegis Group, a Leader in Oil, Gas and Chemical Logistics, announced successful early commissioning of the 70,120 KL Bulk Liquid Terminal at Pipavav port on West coast of India.
"Shock" incidents blight falling piracy rate
A UK maritime intelligence provider Dryad Maritime released its Q1 maritime crime figures which show an overall downturn in incidents across the Horn of Africa,…
Imtech Marine Opens Office in New Delhi
Imtech Marine opened a new office in New Delhi, giving it a foothold in India’s fast growing maritime industry and will further increase its reach in South-East Asia. Imtech Marine India Pvt Ltd.
Fincantieri Active in Megayacht Repair & Construction Sector
Maintenance of megayacht 'Eclipse' at the Trieste San Marco shipyard recently completed, other projects on hand. In the four weeks work, 70 workers were employed in the repairs and refitting of the megayacht 'Eclipse'. With the drydocking of the “Eclipse”, Fincantieri confirms its presence in the high value megayacht sector in which they already boast the delivery in 2011 of 134m MY “Serene", which…
Cargo of UK Rapeseed to Ship to Turkey
A cargo of 25,000 tonnes of British rapeseed will be shipped to Turkey next month, farmer-owned grain merchant Openfield said on Tuesday. Openfield said it would…
Cargo Owners in Flight to Safety after Hanjin Collapse
Evergreen Marine says has assured large U.S. customers, while Maersk Line says "strongly hopes" M&A will continue. Cargo owners are becoming more concerned about…
Nakilat Transitions LNG Mekaines to In-house Management
Nakilat has assumed full ship management and operations of Q-Max LNG carrier Mekaines from STASCo (Shell Trading and Shipping Company Ltd.) with effect from November 7, 2016, as part of the planned and phased transition announced on October 19, 2016. With a cargo carrying capacity of 266,476 cubic meters, Mekaines is wholly-owned by Nakilat and chartered by Qatargas. The vessel built in South Korea by Samsung Heavy Industries was delivered in March 2009 and has been in service ever since.
USDOT Designates Gulfport, MS as a Strategic Port
The Mississippi State Port Authority was notified by the U.S. Department of Transportation Maritime Administration (MARAD) that the Port of Gulfport has been designated…
Cruise Ships Smarten Up in Bremerhaven
Three big cruise ships visit Lloyd Werft Bremerhaven AG in the coming days and weeks to be spruced up for the 2013 cruise season. The ships are the MS "Braemar" and the MS "Balmoral", belonging to new customer Fred Olsen Cruise Lines, and Saga Shipping Corporation’s MS "Saga Ruby", better known previously to the yard as Cunard’s "Caronia". In the meantime Cunard’s 294 m long, 90,049 gt cruise ship "Queen Victoria" has returned to passenger service.
New UK Tax Could Hit Offshore Sector
Companies in the offshore maritime sector could be among those hit by a 25 percent Diverted Profits Tax (DPT) charge under draft UK legislation scheduled to enter force in April 2015, international accountant and shipping adviser Moore Stephens said. Under the draft legislation published by the UK government in December 2014, the new DPT could potentially apply to many UK companies transacting with overseas connected parties.
Insights: Pat Folan, Tug & Barge Solutions
Pat Folan, a partner at Tug & Barge Solutions, weighs in on all things tugboat – with a focus on Subchapter M. Pat Folan is a partner in Daphne, Ala.-based Tug & Barge Solutions, a company that focuses on Subchapter M compliance for towing companies. The company also performs surveys of towing vessels and barges, manages safety management systems for towing companies and trains people on towing vessels and in offices.
Canada's First LNG Export Terminal Seen as One-off
Woodfibre LNG, Canada's first liquefied natural gas export project, will be a "nice-to-have" fillip for the country's gas producers but does not signal the start of a west coast LNG boom…
ICS: IMO Needs to Agree to CO2 Commitments by 2018
At the UNFCCC Climate Conference (COP 22), in Marrakesh, the International Chamber of Shipping (ICS) said that the recent International Maritime Organization (IMO) agreement on a CO2 Road Map for shipping is a significant decision giving further impetus to the substantial CO2 reductions that are already being delivered by the global industry. At an official UNFCCC side event organised by IMO today…
Yarra Visits Indonesia
The crew of the Huon class minehunter HMAS Yarra has paid a rare port call to the Indonesian trade centre of Makassar. Yarra was the first Royal Australian Navy…
Allianz Middle East Ship Management, MCS Join Forces
Allianz Middle East Ship Management and Maritime Craft Services (MCS)have taken delivery of a Damen Fast Crew Supplier 2610. Demonstrating the cooperative relationship between the two companies…
Pioneer Marine Plunges into Red Again, Cancels Ship Orders
Singapore-based Pioneer Marine reported a $5.4m loss for the third quarter of 2015, about even with a $5m loss in the same quarter last year. It canceled orders…
Los Angeles to Host Annual 'Fleet Week'
Mayor Eric Garcetti and U.S. Navy officials announced today that Los Angeles has been selected as an official Fleet Week market for the U.S. Navy, beginning in 2016.
US-based Coastal Energy to Place Second Offshore Thailand Rig
Coastal Energy Company, an independent exploration and production company with assets in Thailand, issues 2013 guidance. • The Company expects operating expenses…
