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April 26, 2017 5:37 PM ET

Electric Boat Bags US Submarine Contract

The U.S Navy has awarded General Dynamics Electric Boat a $95.5 million contract modification to continue development of the Common Missile Compartment for the U.S. Navy’s Columbia-class submarine and the Royal Navy’s Dreadnought-class ballistic-missile submarine.

April 26, 2017 5:13 PM ET

Life Sentence for USS Ashland Attacker

A 31-year-old Somali man was sentenced to life in prison on Wednesday for engaging in piracy and other offenses in connection with an attack on a U.S. Navy ship seven years ago, the U.S. Justice Department said. Mohamed Farah, 31, of Somalia was sentenced

April 26, 2017 4:59 PM ET

Horizon Delivers Towboat to FMT

Bayou La Batre, Ala. shipbuilder Horizon Shipbuilding, Inc. said it has delivered the M/V Victoria Pasentine, a 120’ towboat with a retractable pilot house, to its home port of New Orleans.   The vessel, the 20th built by Horizon for Florida Marine

April 26, 2017 4:50 PM ET

10 Suspects Arrested on Ship of Stolen Oil

The Nigerian navy has arrested 10 suspects after intercepting a vessel carrying stolen crude oil off the coast of the Niger Delta, a senior military official said on Wednesday.   The suspects - a Nigerian, two Pakistanis, three Ghanaians, one Indonesian,

April 26, 2017 4:48 PM ET

Maiden Bakken oil cargo to Asia ships out, with more to come

The first ever reported export of North Dakota's crude oil to Asia left port last month, according to a shipping document seen by Reuters on Wednesday, in what is expected to be the first of numerous cargoes once the key Dakota Access pipeline starts moving oil in May.

April 26, 2017 2:09 PM ET

Op/Ed: Trump's Infrastructure Plan Should Include Inland Waterways

Bryan Day, executive director of the Little Rock Port Authority, weighs in on President Donald Trump’s proposed infrastructure plan, calling for U.S. policymakers to consider inland waterways and ports in America’s infrastructure plan.    President

April 26, 2017 1:57 PM ET

China Launches First Home-built Aircraft Carrier

China launched its first domestically built aircraft carrier on Wednesday amid rising tension over North Korea and worries about Beijing's assertiveness in the South China Sea.   State media has quoted military experts as saying the carrier, China's

April 26, 2017 12:07 PM ET

Hunter Buys Five Capsize Bulkers

Hunter Maritime Acquisition Corp. said it has entered into definitive agreements pursuant to which it has agreed to purchase, for an aggregate purchase price of $139.4 million in cash, five identified Capesize dry bulk carriers in an en-bloc transaction

April 26, 2017 11:44 AM ET

US Authorizes Non-FTA LNG Export from Golden Pass

The U.S. Department of Energy announced that it has signed an order authorizing Golden Pass Products LLC to export domestically produced liquefied natural gas (LNG) to countries that do not have a free trade agreement (FTA) with the United States. Golden

April 26, 2017 11:33 AM ET

Speedcast, Tampnet Partner for GoM 4G/LTE Service

Speedcast International Limited,  provider of fully managed remote communication and IT solutions, has signed a reseller agreement with Tampnet for 4G/LTE services in the Gulf of Mexico. The agreement marks Speedcast as the first service provider to

April 26, 2017 10:20 AM ET

MAN Debuts New SCR for Two-stroke Engines

MAN Diesel & Turbo and its licensee Mitsui Engineering & Shipbuilding introduced its new high-pressure selective catalytic reduction (SCR) system, MAN SCR-HP, at an event in Tamano, Japan on April 11.   The MAN SCR-HP is available for two-stroke engines

April 26, 2017 9:51 AM ET

DNV GL Launches PSC Planner App

Classification society DNV GL has launched a new application on its My DNV GL portal – the Port State Control (PSC) Planner. The PSC Planner has been designed to help ship owners, managers and operators increase their operational efficiency by giving

April 26, 2017 9:25 AM ET

Baltic Exchange Chief Outlines Growth Plan

Newly appointed Baltic Exchange Chief Executive Mark Jackson has set out the Exchange’s vision of the near-future in a wide-ranging speech in Singapore during the concurrent MPA Singapore Maritime and Singapore Iron Ore Weeks. “The recent acquisition

April 26, 2017 9:08 AM ET

UK P&I Club Advises On Hatch Cover Maintenance

The UK P&I Club’s Loss Prevention Department, in conjunction with the IMCS Training Academy, advises on the importance of hatch cover maintenance: “Whether a ship’s hatch covers are weathertight is a seemingly simple question that should have a “Yes” or “No” answer.

April 26, 2017 9:04 AM ET

IRClass Expands Presence in Southeast Asia

Indian Register of Shipping (IRClass) is boosting its presence in Southeast Asia with the opening of a new office in Malaysia. The move is part of its efforts to become a global classification society – a step taken after receiving recognition from the European Union.

April 26, 2017 8:45 AM ET

Baltic Index Down on Weaker Rates

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday on weaker rates for panamaxes and smaller vessels, even as rates for capesizes rose.   The overall index, which factors in rates for capesize,

April 26, 2017 8:26 AM ET

Coast Guard Concludes Response to Bulker Casualty

The two surviving crewmembers of the bulk-carrier Tamar explosion were medevaced at approximately 4:30 a.m., by a Portuguese aircrew along with three New York Air National Guard’s 106th Rescue Wing pararescuers to continue medical care.     The aircrew arrived in Terceira Island,

April 25, 2017 8:04 PM ET

Drewry Trims Long-Term Freight Rate Outlook for LNG shipping

 Given the mounting pressure on freight rates and continuing fleet growth over the next two years, Drewry believes that excess vessel supply will reduce only gradually with the recovery in rates pushed back to the latter part of next year, according

April 25, 2017 8:04 PM ET

CMA CGM Otello Largest Box Ship to Call Indonesia

 CMA CGM Otello has arrived Indonesia as the largest container vessel to call the country at the Jakarta International Container Terminal.    The occasion also celebrated her impending maiden voyage for the industry’s first direct service from Indonesia to the United States (U.

April 25, 2017 8:03 PM ET

Demolition Activity Weakens as BDI Moves Higher

 After the Baltic Dry Index (BDI) had its seasonal weakness around the Chinese New Year in early February, stronger-than-expected demand came from across the board and lifted freight rates, says BIMCO market analysis of Dry Cargo.  This brought earnings into profitable levels for a couple of days,



 
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