Maritime Industry Top News
GoodBulk Acquires up to 13 Capesize Vessels
GoodBulk, an owner and operator of dry bulk vessels announced that it has entered into an agreement to acquire 7 to 13 Capesize dry bulk carriers from entities managed by CarVal Investors.
Cosco Ports Q3 volume up 17%
Cosco Shipping Ports saw third quarter throughput rise 16.6% to 23.10m TEU from 19.81m TEU in the previous corresponding period. "Driven by the growth of international…
WFW Advises BPM on Navigazione Refinancing
International law firm Watson Farley & Williams (WFW) advised Banca Popolare di Milano S.p.A. (BPM) regarding a US$28.8m loan facility granted to L.G.R. di Navigazione and secured by…
Shipping Industry 'Broadly Satisfied' with IMO Progress on CO2 Strategy
The International Chamber of Shipping (ICS), BIMCO, INTERCARGO and INTERTANKO represented the global shipping industry throughout this week's intensive discussions…
Ship Operating Costs to Increase for 2017 and 2018
Vessel operating costs are expected to rise in both 2017 and 2018, according to Moore Stephens' survey. Repairs & maintenance and spares are the cost categories…
ABS Issues Industry’s First Managed Pressure Drilling Notation
ABS, a leading provider of classification and technical services to the marine and offshore industries, issued a managed pressure drilling (MPD) notation to Seadrill’s…
MOL on Next-generation Ship Management Support System
Mitsui O.S.K. Lines (MOL) announced that MOL and Mitsui Engineering & Shipbuilding have been jointly developing practical use applications and commercialization…
Denmark's Stricter Regulations for Vessels
To increase safety at sea, requirements will be introduced for a personal watercraft certificate and insurance as well as improved possibilities of imposing sanctions…
Keeping the Task Group on Task
With no commercial floating petrol stations in the middle of the ocean, Royal Australian Navy ships and helicopters rely on specialised replenishment ships for all their fuel needs.
EU's CLINSH Project Monitoring Phase Begins
The vessels which will take part in the CLINSH project (CLean INland SHipping) have been selected. Their emissions will be closely monitored during the two-year project…
IMO Moving Towards a Global Climate Agreement
The International Maritime Organization (IMO) has taken its second step towards a global climate agreement for shipping. After a week of negotiations, the member…
India's Coastal Shipping to Get a Boost
The Indian Ministry of Shipping has sanctioned Rs 25 Crore (USD 3.84mln) as Grants-in-aid to Jawaharlal Nehru Port Trust and another Rs 50 Crore (USD 7.68mln) to…
Massachusetts Takes Delivery of New Fast Ferry
The Massachusetts Bay Transportation Authority (MBTA) has taken delivery of Champion, the first of two new 150-passenger, high-speed catamarans built by Gladding-Hearn Shipbuilding, Duclos Corporation. The new vessels – funded by a grant from the Federal Transit Administration (FTA) – will operate year-round commuter service in Boston Harbor, in addition to two high-speed ferries built by the Somerset, Mass., shipyard in 1997.
GTT Bags Samsung Heavy Order for FSRU
GTT, leading engineering company in containment systems for the shipping and storage in cryogenic conditions of LNG (liquefied natural gas) announces a new order…
Wison Inks LNG Tie-up with GTT
China’s Wison Offshore & Marine has signed a strategic cooperation agreement with GTT, a provider of design and engineering of containment systems for maritime transportation and storage of LNG.
Volumes Up at Ports of Stockholm
All Ports of Stockholm freight segments increased during the first three quarters of the year in comparison to the same period of 2016. More and more goods are being transported by sea…
Maritime Security for Sustainable Development
A gathering of navy chiefs from around the world have heard how effective, joined-up and forward-looking maritime security can be key to an efficient maritime sector…
Naviera Armas Buys Trasmediterranea from Acciona
Acciona has reached an agreement to sell its 92.7% stake in Trasmediterranea to the Naviera Armas Group. Acciona's stake is being sold for 260.4 million euros, and…
USS Ashland Assists Distressed Mariners in Pacific Ocean
The Sasebo-based amphibious dock landing ship USS Ashland (LSD 48) rendered assistance to two distressed mariners, Oct. 25, whose sailboat had strayed well off its original course.
IMO Promotes Fishing Vessel Safety
When it comes to fishing vessel safety, the mission is clear, says Sandra Allnutt of the International Maritime Organization (IMO): enhance safety to save lives.
