Maritime Industry Top News
TEN Get Charter for Two Suezmaxes
Tanker operator Tsakos Energy Navigation (TEN) announced the expansion of its long term strategic alliance with a major US oil concern. Two suezmax vessels have been chartered for three years…
MAN D&T, AKA Partner to Win Russian Order
MAN Diesel & Turbo and AKA have received an order in connection with the building of a multi-purpose supply vessel for a federal Russian agency. Delivery is scheduled for March 2018 in St. Petersburg and marks the first successful collaboration between the two partners since MAN Diesel & Turbo bought a 40% share in AKA – the electric-and-hybrid-systems company – in June 2017. the drive control and power-management systems.
Coin Ceremony for Mexican Navy Newbuild
On Thursday, August 17, the Secretary of the Mexican Navy, Admiral Vidal Francisco Soberón Sanz, took part in a symbolic coin ceremony at Damen Schelde Naval Shipbuilding…
U.S. Navy Punishes Senior Staff in Deadly Warship Collision
Commanders of U.S. warship removed after cargo ship collision; seven sailors killed in June collision. The U.S. Navy has removed the two senior officers and the senior enlisted sailor on a U.S.
Asia Tankers-VLCC Rates to Remain Low on Tonnage Glut
Around 90 ships charter free for early September loading. Freight rates for very large crude carriers (VLCCs) on Asian routes will remain under pressure for at least the next month…
TOTE to Enter U.S.-Mainland-Hawaii Trade Route
Transportation and logistics company TOTE announced its intention to establish a new domestic shipping service to Hawai’i. The company is working with Philly Shipyard…
Pentalver to Expand Container Facility at DP World London
Pentalver Transport Limited has commenced work on Phase two of its container facility at DP World London Gateway. Work started to expand the container yard, located…
Port of Hamburg Maintains Seaborne Cargo Volume
At 70 million tons, first-half seaborne cargo throughput in Hamburg in 2017, including the general and bulk cargo segments, all but matched the previous year’s,…
Optimarin Demonstrates Total System Reliability
Environmentally friendly and compliant BWT technology company Optimarin gave a demonstration of its long-term system reliability onboard Neptune Subsea’s IMR vessel…
Market Conditions Unchanged: Containerships
Multimodal transport company Containerships said the guidance for 2017 remains unchanged. In 2017, Net Sales are expected to grow by 5-10% and EBITDA for the full…
NORDEN Expands Tanker Fleet
NORDEN is in the process of increasing its tanker exposure. The purpose is to take advantage of the business opportunities provided by the fluctuations of the cyclical market…
Trade Across North Sea To Grow: DFDS
In spite of the ongoing Brexit discussion, DFDS continued to increase its volumes on the North Sea freight routes to and from the UK. Continued growth in the UK and EU economies is good news for all…
King Abdullah Port Bullish on Maritime Services
Specialized Marine Services (SMS), a JV between the Ports Development Company (PDC), which is the private sector owner and developer of King Abdullah Port, and the National Port Services Company…
Indian PM Meets All WOmen Crew of Navika Sagar Parikrama
Six women officers of the Indian Navy, who are due to circumnavigate the globe on the sailing vessel, INSV Tarini, called on Prime Minister Narendra Modi. This is…
Saudis Installing Cranes at Yemen Ports
Saudi Arabia said on Thursday it was installing four cranes at three ports in Yemen to help boost humanitarian aid deliveries and was ready to assist with installing…
As IOC Books Cargoes, Nigerian October Liftings Mixed
India's IOC booked a total of 4 million barrels from traders Shell and Total, while Nigeria's initial October export plans mostly showed slipping levels. Export plans for Forcados…
Strong Capesize Rates Push Baltic Index Higher
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday as rates for capesize vessels moved higher. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 40 points, or 3.31 percent, at 1,247 points - highest since April 19. The capesize index climbed 218 points, or 9.38 percent, to 2,542 points, the highest since late March.
Project to Build World’s Biggest Sailing Cargo Ship
Lloyd's Register (LR) has joined the Quadriga sustainable shipping project – an initiative from Hamburg-based Sailing Cargo, which aims to build the world’s biggest sailing cargo ship. The project outlines a plan to build a 170-meter car carrier, capable of carrying between 1,700 and 2,000 cars, which will be equipped with four DynaRig masts and will operate on hybrid propulsion with sails and diesel-electric engines, and an optional battery system for peak loads.
Search Continues for Missing Army Aviators
Responders are continuing the search for five missing Army aviators from a downed Army UH-60 Black Hawk helicopter approximately two miles west of Ka'ena Point, Oahu, Wednesday.
HMM to Launch Arctic Sea Service
South Korea’s leading container carrier Hyundai Merchant Marine Co (HMM) is considering launching a regular liner service via the Arctic Sea, a move that could cut…
