Maritime Industry Top News
Marco Polo Seeks Protection from Creditors
The Board of Directors of Marco Polo Marine informed that PT Marcopolo Shipyard (PTMS), has filed an application to place itself under a Penundaan Kewajiban Pembayaran…
Gulf Navigation Sails to Profit
Dubai-based shipping company Gulf Navigation Holding has reported a 39% growth in net profit at the end of the first quarter of 2017 compared to the same period in 2016.
Ships Combine for Moreton Anniversary
In the middle an intense training and systems check period, HMAS Darwin slipped into the Brisbane River and berthed across from Navy’s home in southern Queensland, HMAS Moreton.
Martek Marine Hire Head of UAV Operations
Martek Marine announced the official appointment of highly-acclaimed aviation expert Paul Forster as their Head of UAV Operations. Paul brings over 30 years’ unparalleled…
McDermott, Saudi Aramco Sign MoU
McDermott International has signed another memorandum of understanding (MOU) with Saudi Aramco to expand and develop the company’s physical and human capital within…
Maritime Expert Hails NIMASA for Removing Wrecks
The reported wrecks removal initiative by the Nigerian Maritime Administration and Safety Agency (NIMASA) has received wide commendations from industry player and Stakeholder in the maritime sector…
Navy Christens USNS City of Bismarck
Austal celebrated the christening of Expeditionary Fast Transport ship USNS City of Bismarck (EPF 9) with a ceremony at its state-of-the-art shipyard on May 13.
Columbia Shipmanagement Receives DNV GL Certification
DNV GL has confirmed that Columbia Shipmanagement complies with the highest standards in energy and safety management. Torsten Schramm, President at DNV GL – Maritime…
S & P Credit Rating for Shipowners’ Club
Following a request by The Shipowners’ Mutual Protection and Indemnity Association (Luxembourg), as from 19 May 2017 AM Best will no longer provide a rating of the Club.
MOL Rolls Out Refined PBCF
Mitsui O.S.K. Lines has announced that its group company MOL Techno-Trade will start selling an upgraded version of its energy-saving Propeller Boss Cap Fins (PBCF).
US Navy Presence Highlighted in IMDEX17
The littoral combat ship USS Coronado (LCS 4) and Arleigh Burke-class guided-missile destroyer USS Sterett (DDG 104) represented the U.S. in the International Maritime…
Diana Shipping Adds m/v Astarte
Diana Shipping, a company specializing in the ownership of dry bulk vessels, has announced that, through a separate wholly-owned subsidiary, it has taken delivery…
BOEM Offers Cook Inlet Blocks Offshore Alaska
The Bureau of Ocean Energy Management (BOEM) announced it will offer approximately 1.09 million acres off Alaska’s southcentral coast in a lease sale scheduled for June 21.
Idwal Marine Secures Ten Year Contract for Flag Services
Idwal Marine announced the signing of a new contract after tender process with the Isle of Man Ship Registry, for the provision of maritime support services, which has been inked for a 10 year term.
The Time to Digitize is Now -INTTRA
In a new whitepaper -- Blueprint 2032: How Technology Transforms Ocean Container Shipping - INTTRA, the ocean container shipping industry's largest neutral electronic transaction platform, reports that the pace of technology innovation is accelerating as businesses seek new and more efficient ways to optimize. "Digitization is now a competitive necessity," said John Fay, CEO of INTTRA. "We've reached…
Innovative Subsea Crane Ordered for RSV Conversion
Brazilian ship owning company CBO’s vessel CBO Manoella is currently being retrofitted from an offshore platform supply vessel (PSV) into a ROV Support Vessel (RSV). As part of the conversion project, CBO has assigned Rolls-Royce to equip the vessel with a new patented hybrid dual draglink (DDC) subsea crane, marking the first installation of a subsea crane designed to be able to use either fiber or steel wire rope.
Fincantieri Buys Majority Stake in STX France
Italian shipbuilding company Fincantieri S.p.A. said it has signed a share purchase agreement for the acquisition of 66.66 percent of the share capital of STX France shipyard from its current shareholder STX Europe AS. The agreement entails a purchase price of €79.5 million ($89 million). Fincantieri continues to negotiate with the French State for the finalization of the shareholders’ agreement for STX France in accordance with the Heads of Terms signed on April 12.
China Threatened War If Philippines Drills for Oil -Duterte
Philippine President Rodrigo Duterte said on Friday Chinese counterpart China Xi Jinping had warned him there would be war if Manila tried to enforce an arbitration…
San Francisco’s New Ferry Enters Service
Hydrus, the first in a series of new 400-passenger catamaran ferries for the Water and Emergency Transportation Authority (WETA) in San Francisco, has entered service. Designed by Incat Crowther and built by Vigor in Seattle, Hydrus is the first of this new class of vessel with additional ferries to follow. “In the spring of 2015, Vigor began construction on the first of two WETA ferries in this class,” said Tim Kolb, General Manager of Vigor Ballard.
CMA CGM Posts Higher Q1 Profits
Container shipping line CMA CGM posted higher first-quarter profits, helped by a turnaround at recently acquired NOL, and gave an upbeat assessment for the current quarter in another sign that the shipping industry is emerging from a slump. The French-based group reported on Friday a first-quarter net profit, including Singapore-based NOL which it consolidated in June last year, of $86 million compared with a $100 million loss in the same period of 2016.
