Maritime Industry Top News
Statoil Downplays Risks Ahead of Arctic Drilling
Norway's Statoil on Monday played down concerns that drilling in the Arctic is risky, days before it kickstarts its drilling campaign in the Barents Sea, where the country believes around half of its remaining resources could be located. "We will start drilling the first well, Blaamann, during May ... followed by Kayak, Gemini (Nord), Korpfjell and Koigen (Central)," said a Statoil spokesman, adding each might take about a month to drill.
Out of Service Tug Sinks in Alaska
An out of service tug has sunk at the Samson Tug and Barge Company pier in Sitka, Alaska. The 81-foot vessel Powhatan owned by Samson Tug and Barge Company sankā¦
Economic Indicators Pointing Up -BIMCO
The recent monthsā uptick in global indicators, which implies a strengthening in the global economy, is not sufficient for the patient to be discharged yet. The state of the global economy is still uncertain, despite stronger growth dynamics in advanced economies, and not least in China. When the IMF updated its outlook for advanced economies for 2017 and 2018 in January, it was the first time since 2007 that an IMF January update lifted expectations for the present and coming years.
US Sees Piracy Increase off Somalia Tied to Famine
The United States is closely watching a recent increase in piracy off the coast of Somalia, a senior U.S. military official said on Sunday as Defense Secretary Jim Mattis visited an important military base in Djibouti. The rise in piracy attacks has at least partially been driven by famine and drought in the region, the top U.S. military commander overseeing troops in Africa said during Mattis' visit as part of a week-long trip to the Middle East and Africa.
World Record Lifeboat Boarding
The first full scale boarding test of the worldās largest lifeboat, Palfinger Marine's new flagship for the cruise industry, landed the company a new world record. In 2015 Palfinger Marine won the impressive contract for delivery of 24 tenders, 12 lifeboats, 36 davits and six rescue boat stations to a series of cruise ships being built by STX France. The complete lifesaving package is now in productionā¦
Baltic Index Down on Weaker Capesize Rates
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Monday on weaker rates for large vessels. The overall indexā¦
Japan Steelmakers Scramble for Coking Coal
Japanese steelmakers have bought coking coal from the United States, Canada and China to replace supply lost after a cyclone closed rail links in Australia, their biggest supplierā¦
Norway Invites Coastal Ferry Route Bids
The Norwegian government is inviting shipping firms to compete for the right to provide a transport service for goods and passengers along the country's coastlineā¦
Eight Dead as Migrant Boat Sinks off Greece's Lesbos
At least eight people, including a child, drowned when an inflatable boat carrying refugees and migrants sank off Greece's Lesbos island, the Greek coastguard said on Monday.
Incat Crowther Designs 18m Dive Support Vessels
Incat Crowther has announced its recent contract with Legacy Marine Group of Port Elizabeth, South Africa for the design of two new 18 meter catamaran dive supportā¦
CMA CGM to Tap Indonesian Market
CMA CGM aims to increase its market share in Indonesia to 20 percent by year-end from the current 13 percent, reported The Jakarta Post. The company's senior vice president in Asiaā¦
Yang Ming Halts Container Service to Iran
Taiwanās troubled Yang Ming Marine Transport Corp is halting its container service to Iran, becoming the first foreign shipping line to abandon the route a yearā¦
European Banks Back Green Shipping Deal
The European Investment Bank and Dutch bank ABN Amro will sign an agreement to support investments for greening the European shipping fleet. This framework is theā¦
DSME Deal Non-starter
The creditors of Daewoo Shipbuilding & Marine Engineering (DSME) still remain undecided over afor the shipyard's latest deal, further complicating troubles for one of the country's major shipyardsā¦
Turkey Raises Marine Pollution Fines
Turkey has raised the fines for marine pollution by 41 percent, Daily Sabah reported quoting the Ministry of Transport, Maritime Affairs and Communication. The Ministryā¦
Jadrolinija Ferries Collide in Zadar
Two Jadrolinija ferries collided last night at port of Gaženica but none of the passengers or crew members was injured in the collision and there was no pollution of the sea.
Austal Delivers Expeditionary Fast Transport Ship to Navy
Austal USA has delivered its eighth expeditionary fast transport ship to the U.S. Navy. The 338-foot long Yuma is an aluminum catamaran capable of transporting 600 tonsā¦
World Bank USD375 mln Loan for India's Waterway Project
In a major boost towards realising India's ambitious inland waterways project, the World Bank has approved a $375 million loan for capacity augmentation of Nationalā¦
IMO in China to Share Policies
Addressing over 300 industry experts at the Green Shiptech China Congress 2017 (20-21 April), International Maritime Organization (IMO)'s Heike Deggim briefed theā¦
USS Carl Vinson Pilot Ejects Safely at Sea
A pilot safely ejected and was quickly recovered by a helicopter assigned to Helicopter Sea Combat Squadron 4 aboard USS Carl Vinson (CVN 70) while conducting routineā¦
