Maritime Industry Top News
India's Merchandise Exports Down in July
India's merchandise exports contracted 6.84 percent year-on-year to $21.69 billion in July, government data showed on Friday. The value of overseas shipments rose for the first time in June…
DOF Secures North Sea PSV Contracts
DOF Group said it has secured an extension with Maersk UK for 2011-built platform supply vessel (PSV) Skandi Gamma until the end of 2016 and for 2003-built PSV Skandi Caledonia with Apache North Sea Ltd until mid-January 2017.
Port of Los Angeles Imports Increase in July
July imports at the Port of Los Angeles climbed 5 percent compared to the previous year. Overall cargo volumes in July slipped 1.6%, mostly due to a decline in the shipment of empty containers. For the first seven months of 2016, year-to-date volumes have increased 4.75 percent compared to 2015. “As retailers prepare for consumer needs during the holiday season, we’re encouraged to see import volumes increase,” said Port of Los Angeles Executive Director Gene Seroka.
Forecasters Predict Strong Atlantic Hurricane Season
In its updated 2016 Atlantic Hurricane Season Outlook, the U.S. National Oceanic and Atmospheric Administration (NOAA)calls for a higher likelihood of a near-normal or above-normal season, and decreases the chance of a below-normal season to only 15 percent, from the initial outlook issued in May. The season is expected to be the most active since 2012. Forecasters now expect a 70 percent chance of 12 to 17 named storms…
Gulf Coast Shipyard Delivers MY Imagine
Gulf Coast Shipyard Group (GCSG) has delivered the Motor Yacht Imagine. The M.Y. Imagine, a Trinity built yacht, is a 193’x 32’x 14’6” custom designed semi-displacement aluminum hull and superstructure vessel that was constructed in GCSG’s yard located in New Orleans, Louisiana. The vessel meets the highest quality yacht standards in the world. It was designed by GCSG and is ABS classed for commercial yachting service. M.Y.
Rickmers Group Revenue Slides in First Half of 2016
In the first half of 2016 the Rickmers Group generated consolidated revenues of €249.3 million ($279 mln), 13.9 percent lower than in the corresponding period in 2015 (€289.6 million, $324 mln).
This Day In Naval History: August 12
1898 - USS Mohican and USS Philadelphia (C 4) crew members take part in official ceremonies marking the assumption of sovereignty of the Hawaiian Islands by the United States. 1918 - The Secretary of the Navy Josephus Daniels approves the acceptance of women in the Marine Corps. The following day, Aug. 13, Opha M. Johnson becomes the first woman Marine. 1942 - USS Cleveland (CL-55) demonstrates the…
Japan, Philippines Negotiate Coast Guard Ships Delivery
Japan and the Philippines have begun talks for the transfer of two large coast guard ships to Manila, to help patrol the disputed South China Sea, a Japanese foreign ministry official said on Friday…
How the Marshall Islands became a top U.S. Crude Destination
Best known for diving, lagoons and the island that gave the world the name for the bikini swimsuit, the Marshall Islands is now gaining attention as a top-five destination for U.S.
Cost Cuts Ease Pain of Maersk's Gloomy Shipping Forecast
Net profit below forecasts, operating figure above; group hit by low freight rates and low oil prices. A.P. Moller-Maersk's progress in cutting costs reassured investors…
Asia Tankers-VLCC Rates Steady as Suezmax Fixtures Weigh
Charterers splitting VLCC cargoes into smaller Suezmax tankers; rates to remain around $24,000 per day, below break-even levels. Freight rates for very large crude…
Philippines seeks Formal South China Sea Talks
Talks to explore pathways to peace and cooperation. The Philippines wants formal negotiations with China to explore pathways to peace and cooperation, the Southeast Asian nation's special envoy…
UK Cocaine Bust Nets Turkish Sailors 42 years
Two Turkish sailors were jailed for a total of 42 years on Friday after their attempt to smuggle a huge haul of cocaine into Europe was thwarted, partly due to some…
Navionics+Regions Available in New Areas
Navionics, the leader in content and location-based services for the recreational boating and outdoor markets, announced today the release of Navionics+ Regions…
Royal Navy Sailors Train with Wasp
The Royal Navy sent six Sailors, from Navy Command Headquarters in Portsmouth, England, to integrate into Wasp’s flight deck operations to prepare them for their…
MOL Reshuffles US Route, Inks Car Transport Deal
Mitsui O.S.K. Lines, Ltd. today announced that it has won a contract to transport vehicles manufactured at Toyota Argentina S.A. to ports on West Coast South America and West Coast Central America.
China Launches Maritime Satellite
China’s Academy of Space Technology in Beijing has launched a new high-tech satellite, called the Gaofen 3 high-resolution Earth observation satellite, which has…
Gard Alert: Port state CICs in 2016
This year’s concentrated inspection campaigns (CICs) by port state authorities will focus on compliance with the Maritime Labour Convention and the vessel’s Cargo Securing Manual.
Euroseas Reports Loss
Euroseas Ltd has announced its results for the three and six month period ended June 30, 2016 as well as certain fleet updates. Total net revenues of $7.3 million.
Navios Maritime Charter Restructuring with HMM
Navios Maritime Partners has reached an agreement with South Korean shipping company Hyundai Merchant Marine to cut the hire rate of five container vessels chartered out to HMM by 20%.
