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July 26, 2017 4:29 PM ET

ESG Completes First OPC Milestone On Schedule, Within Budget

Panama City, FL, Eastern Shipbuilding has successfully completed its Initial Critical Design Review (ICDR) milestone with the United States Coast Guard on 21 July, 2017 for the Offshore Patrol Cutter (OPC) Program.   ESG’s accomplishment

July 26, 2017 3:33 PM ET

U.S. Sanctions Vens as Pressure Builds on Maduro

The Trump administration imposed sanctions on 13 senior Venezuelan officials as the country's opposition launched a two-day strike on Wednesday, heaping pressure on unpopular President Nicolas Maduro to scrap plans for a controversial new congress.   Venezuela's

July 26, 2017 12:48 PM ET

Simrad, Patti Marine Partner on Vessel Bridge Suite

Simrad Commercial, in partnership with Patti Marine Enterprises, has announced the latest vessel commissioned for the Truex clamming fleet is outfitted with a complete suite of Simrad Commercial marine electronics. Seawatcher II, a 152-foot clamming vessel,

July 26, 2017 10:14 AM ET

ABS, Industry Partners to Advance Autonomous Shipping

ABS joined the Unmanned Cargo Ship Development Alliance to work with industry partners, including class organizations, shipyards, equipment manufacturers and designers to advance autonomous shipping. The design will integrate features of independent decision-making,

July 26, 2017 9:27 AM ET

Shaver Transportation Selects Rapp Marine Winch Package

Shaver Transportation of Portland, OR, operating vessels within the Columbia River region of the Pacific Northwest for over a hundred years, has selected Rapp Marine as the supplier of the two heavy-duty load handling winches on their latest tugboat.

July 26, 2017 9:06 AM ET

Baydelta Chooses Rapp Marine Electric Tow Winch

For several decades, Rapp Marine has designed and delivered towing winches for workboat market. Combining the best ideas from Rapp’s past work in the other commercial industries and recommendations from the tugboat operators, Rapp Marine has developed long lasting and dependable towing winches.

July 26, 2017 8:45 AM ET

Baltic Index Falls as Capesize Rates Sag

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday as rates for larger vessels dropped.   The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was down 12 points, or 1.

July 26, 2017 8:38 AM ET

Shanghai to Spend $740 million on Cruise Ship Park

A Shanghai district government plans to spend about 5 billion yuan ($739.97 million) to develop a cruise ship industrial park to house foreign firms that it hopes will help build China's first luxury passenger vessels, a local official said.   China's

July 26, 2017 8:22 AM ET

France to Nationalize STX if Italy Deal Fails

French govt has made 50/50 ownership offer to Italy; Minister says offer on the table until Thursday.   The French state said on Wednesday it would nationalise the STX France shipyard if Italy does not accept its offer to split STX's capital equally,

July 25, 2017 9:43 PM ET

Is China Shipbuilding Sinking into Tough Waves?

The world’s largest shipbuilding nation China is facing some tough years ahead as new-vessel orders weaken and order backlogs decline, Caixin reported quoting China Association of the National Shipbuilding Industry (CANSI).   According to the industry association,

July 25, 2017 9:43 PM ET

DP World Reports Q2 10.7% Gross Volume Growth

DP World Limited handled 34.0 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first half of 2017, with gross container volumes growing by 8.2% year-on-year on a reported basis and 7.7% on a like- for-like basis,

July 25, 2017 9:42 PM ET

Singapore Invests in SatCom to Enhance Maritime Safety

Maritime and Port Authority of Singapore (MPA) and Civil Aviation Authority of Singapore (CAAS) have invested in a new Medium-altitude Earth Orbit Search and Rescue (MEOSAR) ground system to enhance search and rescue capabilities in Singapore’s maritime

July 25, 2017 9:42 PM ET

CMA CGM Signs Pact with Port of Kribi

The CMA CGM Group is pleased to announce that on July 25, 2017, the official signing ceremony for the concession agreement of the new container terminal was held in Kribi, Cameroon, chaired by the Minister for Transport, Edgar Alain Mébé Ngo’o.   Following an international call to tenders,

July 25, 2017 9:41 PM ET

Costamare Adds Three Vessels

Costamare accepted delivery of three second hand vessels during the last quarter ended June 30, 2017, said Gregory Zikos, Chief Financial Officer of Costamare.   In a press statement he said that the vessels have been chartered for periods ranging from 5 to 7 years.

July 25, 2017 9:41 PM ET

Truman Completes Sea Trials

USS Harry S. Truman (CVN 75) returned July 25 to its homeport at Naval Station Norfolk for the first time in nearly a year, following the completion of sea trials.   "Sea trials is a five-day underway that pushes the limits of the ship; a true shakedown," said Truman's Executive Officer Capt.

July 25, 2017 9:40 PM ET

Hyundai Merchant Marine Asia-US West Coast Volume Up by 77%

 Hyundai Merchant Marine (HMM) has announced that its Asia-US west coast (USWC) volume in June 2017 increased 77% year-on-year.  According to PIERS Data, HMM’s Asia-USWC handling cargo rose year-on-year from 7,953 TEU/WK to 14,055 TEU/WK (up 77%) at the end of June 2017.

July 25, 2017 9:39 PM ET

ReCAAP, OCIMF Sign Asian Anti-Piracy MoU

The safety of navigation is vital to the safety, security and economic activities of all stakeholders traversing sea routes in Asia—the region with some of the busiest seas in the world.    Recognising this shared interest, the Regional Cooperation

July 25, 2017 3:48 PM ET

Newbuild Orders Drop during H1 2017

Newbuild orders for tankers and bulkers have increased during the first half of 2017, though overall the number of orders placed in all vessel segments has more than halved when compared to the same period in 2015, according to VesselsValue.   The

July 25, 2017 2:47 PM ET

Abu Dhabi Ports: No Immediate Plans for a Listing

Abu Dhabi Ports has no plans to launch a public sale of shares in the short term, the chief executive of the state-owned company told Reuters on Tuesday. "There are no immediate plans to go public," Mohamed Juma al Shamisi said when asked if the company

July 25, 2017 2:45 PM ET

US Navy Ship Fires Warning Shots near Iranian Vessel

A U.S. Navy ship fired warning shots when an Iranian vessel in the Gulf came within 150 yards (137 meters) on Tuesday in the first such incident since President Donald Trump took office in January, U.S. officials said.   The last major incident was earlier in January,





 
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