Maritime Industry Top News
Norsafe Debuts New RIB in Gothenburg
Norsafe has released its first RIB, the Marathon 900, to compliment its range of boat models for professional and military customers. Launched at High Speed Boat Operations in Gothenburg this month, the new Marathon 900 RIB was demonstrated with two newly developed Mercury outboard engines that can run on diesel fuel. Mercury OptiMax Diesel Outboard, which is developed for the U.S. Armed Forces, is a 3.0 liter V6 engine that produces 175 propshaft horsepower.
Portugal PM Warns Lisbon Dock Workers to End Strike
Portugal's prime minister warned Lisbon dock workers on Friday that his patience was running out after a strike that has lasted a month, paralysing the city's ports.
Gender Identity Spat Sinks Spending Bill
The rancorous political debate over sexual identity unexpectedly prompted the Republican-controlled House of Representatives to rejected an energy and water spending…
Hercules Offshore Filing for Bankruptcy Again
Hercules Offshore Inc said it planned to file for prepackaged Chapter 11 bankruptcy, just six months after the rig contractor emerged from bankruptcy protection.
Asia-N.Europe Box Freight Rates Soar 37 pct
Freight rates for shipping containers from ports in Asia to Northern Europe jumped 37 percent to $720 per 20-foot container (TEU) in the week ending on Friday, a…
Strike Idles 38 Oil Tankers at Fos-Lavera
Some 38 oil tankers have been held up at the Fos-Lavera oil port in southern France, the country's biggest, including 25 at harbour, up from 12 the previous day…
Wärtsilä Donates Engine to Texas A&M University
Wärtsilä has donated an 8-cylinder Wärtsilä 20 engine and generating set, to the Marine Engineering Technology Department at Texas A&M University at Galveston. The…
BIMCO: BDI Conducts the Demolition Activity
The Baltic Dry Index (BDI) ’s positive effect on capacity being removed from the fleet did not continue into Q2 2016, as capesize demolition came to a halt. The…
IACS Recommendations for Emergency Response
Following a further round of discussions on 'Places of Refuge' at the IMO last week, prompted by a submission from the EU Member States, the European Commission…
Höegh LNG Turns to Profit in 1Q
Höegh LNG returned to profit following a Profit after tax of USD 6.3 million for the first quarter of 2016, up from USD 4.0 million net loss in the fourth quarter 2015.
P&I Club warns on Enclosed Space Entry & Testing
The London P&I Club says it continues to see cases of injuries and fatalities associated with entry into enclosed onboard spaces, including cargo holds on bulk carriers…
OOCL Renews VOD Training Contract
Videotel, producer and distributor of training videos, 3D animation, and e-Learning courses to the maritime market and part of KVH Industries, Inc., (Nasdaq: KVHI)…
Fitch Warning on NordLB Shipping Reduction Plan
Norddeutsche Landesbank Girozentrale's (NORD/LB) strategy to reduce its shipping exposures by EUR4bn-6bn over the next three years makes sense, but will likely encounter high execution risks…
VOS Sugar First Charter
The newest addition to Vroon’s fleet, subsea-support vessel (SSV) VOS Sugar, recently started work in the BARD Offshore 1 Offshore Wind Farm (OWF). The vessel is…
Hanjin Vessel Seized in South Africa
Hanjin Shipping-operated bulker Hanjin Paradip has been arrested by a South Africa for alleged unpaid charter fees. The 82,158 dwt bulker, which has been used to transport grain and minerals…
Siem Renews Contract for Seven Reefers
Norwegian liner Siem Shipping Inc. has won a one-year contract renewal for a regular weekly service from Ecuador to St. Petersburg, Russia. The contract extension…
China COSCO Moving to Offshore Winds
China COSCO Shipping, which uses bulk carriers and container vessels to transport goods, has seen its cargo business decline amid China's slowdown and has decided…
World’s Biggest LNG Buyer Becomes Seller
EDF Trading, a wholly-owned subsidiary of French power giant EDF, has signed an LNG sales and purchase agreement with Japanese LNG aggregator Jera Co Inc, one of…
Zim Sinks to Red
Israeli ocean carrier ZIM Integrated Shipping Services Ltd. (ZIM) has sunk to the red in the first quarter of 2016 after staying in the black for almost a year.
Bay Shipbuilding Delivers ATB to Moran
Fincantieri Marine Group’s Fincantieri Bay Shipbuilding (FBS) has delivered the Articulated Tug Barge unit (ATB) Barbara Carol Ann Moran and the 110,000-barrel barge Louisiana to Moran Towing Corporation. The 5,300-HP, 121-foot vessel is certified ABS Class +A-1 Towing Service, +AMS, and is equipped with state-of-the-art navigation and communications technology. The ATB unit was delivered on the exact…
