Maritime Industry Top News
PALFINGER Finalizes Harding Acquisition
The PALFINGER Group closed the acquisition of 100 percent of the shares in Herkules Harding Holding AS, i.e. the globally operating Harding Group, supplier of lifesaving equipment and lifecycle services for maritime installations and ships. The PALFINGER Group’s new member will be reported on as a fully consolidated company starting from the second quarter of 2016. As a consequence of the acquisition…
Blohm + Voss to Open Refit Facility for Megayachts
Blohm+Voss has announced that it has won the tender for the set-up of a new maintenance and refit facility for megayachts in La Ciotat, in the South of France. The company will partner with “La Ciotat Shipyards” (managed by SEMIDEP-Ciotat), the local company in charge of the site development which is providing a large dry-dock and neighboring workshop premises embedded within the existing shipyard.
US Workboat Market: Domestic Drivers
Sectors of the U.S. market are hot, but for how long? Five key variables drive the domestic brown water market. The challenging operating climate currently facing blue water…
ClassNK Amends IGC Code Rules and Guidance
Classification society ClassNK has amended its Rules and Guidance for the Survey and Construction of Steel Ships in response to the latest industry developments, including amendments made to the International Code for the Construction and Equipment of Ships Carrying Liquefied Gases in Bulk (IGC Code). IMO decided to carry out the first full review of the IGC Code to reflect the latest technological advancements and increasing ship size.
MAST, AMSA Partner for Risk Management Services
Maritime security company Maritime Asset Security Training (MAST) has announced their partnership with Astbury Marine Services & Associates (AMSA), a specialist shipping and insurance response business. The combination of front-line experience and industry knowledge place MAST and AMSA as leaders in their field. The two companies will work together to provide an increased portfolio of risk management services to clients trading in difficult or complex environments.
Beijing Slams South China Sea Court Proceedings
Permanent Court of Arbitration ruling set for July 12. An international court said it would deliver a hotly anticipated ruling in the Philippines' case against China…
Demand, Bunker Pricing Spurs Asia Dry Bulk-Capesize Rates
Owners asking $1 per tonne more on Australia-China rates; Panamax rates climb to two-month high, but remain under pressure. Freight rates for large capesize dry…
Construction Begins on Johan Sverdrup Riser platform
The riser platform construction start was marked today at the Samsung Heavy Industries yard in South Korea. Project director for Johan Sverdrup Kjetel Digre (from right)…
NAT Takes Delivery of Suezmax, Earnings Capacity Up
Nordic American Tankers Limited ("NAT" or "the Company") announced that it today took delivery of a Suezmax vessel, the Nordic Sirius, built at a shipyard in Japan.
SOLAS Container Mass Verification Rule Enter into force
A new regulation requiring the gross mass of a container to be verified before it is loaded onto a ship enters into force today (1 July 2016). It will assist in…
Paris MoU Reports Decrease in 'Bans'
Paris MoU reports that 2015 shows a large decrease in the refusal of access (“bans”) within the region: 11 bans compared to 20 in 2014. The detention percentage has remained stable at 3.33 percent.
Boon, Non-executive Director of ST Engineering Resigns
Singapore Technologies Engineering Ltd (ST Engineering) today announced the resignation of Mr Quek Tong Boon as non-executive Director with effect from 1 July 2016.
BSM Acquires USCG Qualship 21 Program Approval
Bernhard Schulte Shipmanagement is proud to announce that it has received US Coast Guard (USCG) Qualship 21 Program approval for the BSM India-managed, Algoma-owned…
BIMCO - Oil Product Tankers Earnings Decline as stockbuilding Slows Down
BIMCO’s expectations remain as the oil product tanker fleet continues to grow with earnings at the lowest since Q3 in 2014. But there is still money to be made in the second half of 2016.
SENER Hosts FORUM Users Meeting
The SENER engineering and technology group has finished its ninth FORUM (the FORAN Users Meeting) designed so that FORAN users from all over the world can share their experiences and concerns…
Light at the End of the Tunnel Distant for Multipurpose Shipping
The demand outlook for the multipurpose fleet has not improved since the first quarter of 2016. The breakbulk and project cargo sector remain weak, with little suggestion…
India’s Potential in Offshore Wind Power
The Global Wind Energy Council (GWEC) launched a new report: “Supply Chain, Port Infrastructure and Logistics Study” for offshore wind development in the states of Gujarat and Tamil Nadu in India.
Star Bulk Carriers Reports 1Q Loss, Adds 3 Vessels.
The Athens, Greece-based Star Bulk Carriers Corp. (SBLK) has reported a loss of $48.8 million in its first quarter. The shipping company posted revenue of $46.3 million in the period.
Jinhui Sells Supramax
Jinhui Shipping and Transportation has agreed to sell another supramax dry bulk carrier, having just made a similar deal earlier this month. The purchaser is a company incorporated in Hong Kong.
UASC and Hapag-Lloyd Merger in the Last Leap
A merger between United Arab Shipping Company (UASC) and German container shipping line Hapag-Lloyd will create a shipping group that is the 5th largest in the…
