Maritime Industry Top News
US Coast Guard, DNV GL Ink MOA
The U.S. Coast Guard and DNV GL have signed a memorandum of agreement (MOA) authorizing DNV GL to participate in the Alternate Compliance Program (ACP) and delegated certain survey and certification services for U.S. flagged vessels. This delegation and MOA, signed by Rear Adm. Paul Thomas, assistant commandant for prevention policy, and Captain Blaine Collins, DNV GL vice president of group government and public affairs for the U.S.…
China: 'Illegal' Fishing in S.China Sea to be Met Harshly
China's Supreme Court said on Tuesday people caught illegally fishing in Chinese waters could be jailed for up to a year, issuing a judicial interpretation defining…
120 Bodies Found off Libya as Migrant Toll Climbs
The bodies of 120 migrants believed to have been trying to reach Italy by boat from Libya have been found off the Libyan coast over the past 10 days, the International…
Unipec to Shed ULCC Storage Charter
The UK-based trading arm of Beijing-backed Sinopec will give up the megatanker it booked to park crude in Asia at the onset of the drop in global prices two years ago, sources told Reuters.
Just One Bid for Greece Rail Project
Greece has received only one bid to build and run a new rail freight terminal outside Athens, a project it has been trying to get underway for years, the country's transport ministry said on Tuesday.
Ithaca GSA Satellites Acquisitions
Ithaca Energy Inc. has expanded its core position in the Greater Stella Area ("GSA"), with four agreements entered into for the acquisition of additional interests…
Danaos Reports Strong 1H
Danaos Corporation today reported unaudited results for the period ended June 30, 2016. * Adjusted net income1 of $47.7 million, or $0.43 per share, for the three months ended June 30…
KR Opens Opens New BWMS Testing Facility
The Korean Register (KR) – an IACS member classification society – has announced that it has significantly expanded its land-based test facilities for Ballast Water…
NYK Hosts Fleet Safety Promotion Conference
Over three times in July, NYK hosted safety promotion conferences for shipowners and ship-management companies at the NYK head office in Tokyo and at Imabari city in Ehime prefecture.
APL Extends West Coast 5 Service
APL announced today that its West Coast 5 (WC5) service will be serving the additional ports of Corinto, Acajutla and Puerto Quetzal in Central America, enhancing…
James Fisher Buys Lexmar
James Fisher has acquired the entire share capital of Lexmar Engineering Pte Limited and Lexmar Sat Systems Pte Limited (together 'Lexmar'). Lexmar, which was founded…
Thornico Enters Dry Bulk Shipping
THORNICO launched its newest player on the shipping market, the dry bulk carrier Thorco Bulk. THORNICO already owns the project oriented carrier Thorco and with…
GAC EnvironHull a big hit with Rotterdam Port
Europe’s largest port is the latest to allow the GAC EnvironHull’s eco-friendly hull cleaning system to operate in its waters. The launch of HullWiper at Rotterdam…
M&A Deals Change the Landscape in the Container Ports Industry
Softening demand growth coupled with larger liner shipping alliances and bigger ships is moving the container ports industry towards a value sector from growth sector…
Hapag-Lloyd Begins Training Programs
Sixty-four young men and women started their careers at Hapag-Lloyd on yesterday (August 01). Chief Executive Office Rolf Habben Jansen warmly welcomed the new apprentices…
Seacor Misses on Revenue
For the quarter ended June 30, 2016, net loss attributable to Seacor Holdings Inc. was $55.2 million ($3.26 per diluted share). For the six months ended June 30…
Kali Acquires Florida Marine Power Company
Kali, Inc. has completed its acquisition of Florida Marine Power Company, a marine mechanical repair, maintenance and engine installation company. Kali acquired…
Japan Slams China Over Maritime Issues
Japan has accused China of being assertive over maritime issues, taking actions that effectively amount to a "fait accompli", reports Strait Times. In its 484-page…
China Clarifies Maritime Jurisdiction
The Supreme People's Court (SPC) on Tuesday issued a regulation of judicial interpretation to clarify China's jurisdiction over its territorial seas, reports Xinhua.
STX Heavy Under Rehabilitation Process
The Seoul Central District Court begins a rehabilitation process for STX Heavy Industries Co, after the financially strapped company applied for protection late last month, reports Yonhap.
