Maritime Industry Top News
Awilco LNG Reports Loss
Oslo-based LNG shipping company, Awilco LNG, reported a first quarter freight income of US$8.9 million, down from $12.1 million in the same quarter the previous year.
Atlantic Navigation Bags Ten Vessel Charters
The Middle-East-focused marine logistics services provider Atlantic Navigation Holdings (Singapore) Limited has won long term charters for 10 OSVs with a combined…
ExxonMobil Terminates Seadrill Contract
Exxon Mobil terminates earlier the West Capella working in Nigeria in the Usan Field. John Fredriksen-backed drilling firm Seadrill Partners LLC has received a notice of termination from Exxon Mobil.
US LNG Shipments Point to Global Gas Price Convergence
The emergence of US liquefied natural gas as a competitive alternative for European and Asian customers, combined with an oversupplied market, should drive more convergence between natural gas prices at major hubs and weaken the link between gas and oil prices, Fitch Ratings says. The first shipment of US liquefied natural gas (LNG) from Cheniere Energy's Sabine Pass facility to Europe arrived in Portugal at the end of April.
World's Newest, Largest Cruise Ship Leaves French Port
Tens of thousands of French well-wishers waved goodbye to the largest luxurious cruise ship named “Harmony of the Seas”as it set sail on its maiden voyage to the U.K.
Moscow demands N.Korea's explanation on Russian Yacht Detention
A North Korean coast guard ship has detained a Russian yacht with a crew of five people on board, Russia's Foreign Ministry said on Saturday, adding it had sent…
Front Vanguard Contract Terminated
Frontline Ltd. ("Frontline" or the "Company") has agreed with Ship Finance International Limited ("Ship Finance") to terminate the long term charter for the 1998 built VLCC Front Vanguard.
Hapag-Lloyd's Profit Streak Continues
Hapag-Lloyd recorded a positive operating result in a very challenging first quarter of 2016. Despite the difficult market environment, transport volume increased…
Long Beach's Record Port Community Sponsorships
The Board of Harbor Commissioners last evening awarded 83 sponsorships totaling $359,795, capping off a record year of Port community sponsorships that highlight…
Search on for Cruise Ship Passenger
Coast Guard aircrews continued searching through the day and into the evening Saturday, after beginning a search Friday for a woman who fell from a cruise ship…
Long Beach Port Shipments Decline
Following a solid first quarter, Port of Long Beach container cargo volumes decreased in April compared to the same month in 2015, after lower-than-expected consumer spending in recent months.
DP World Yarimca Opened
DP World Yarimca has been officially opened for business by the President of the Republic of Turkey, Recep Tayyip ErdoÄźan in the presence of senior government officials and executives of DP World.
RAN Base commissioned as HMAS Moreton
The Royal Australian Navy (RAN) formally commissioned Navy Headquarters – South Queensland as HMAS Moreton today in a ceremony steeped in tradition. The Governor of Queensland…
Salvage & Wreck Removal Conference Presents an Upbeat Mood
The verdict at the 5th India Marine Salvage and Wreck Removal Conference of Hinode held this time in Mumbai last week was clear and unanimous. The presentations…
Japan's Big Three Shipping Lines Form 3rd Largest Alliance
Japan’s three largest shipping companies - Nippon Yusen Kabushiki Kaisha (NYK), Mitsui O.S.K Lines (MOL), and Kawasaki Kisen Kaisha (“K” Line) - and three other…
APMT Prepares for 20,000 teu Ships on Pacific
APM Terminals, the port terminal operator arm of Danish shipping conglomerate AP Moller-Maersk A/S, has signed an agreement to enlarge 10 STS cranes at its Pier…
Hili, Peterson Create Mediterranean JV
Hili Company, the logistics division of Hili Ventures, has entered into a joint venture agreement with leading international energy logistics company Peterson to…
Maersk Begins Alang Recycling
Following the Maersk Group's recent announcement of its long-term commitment to create more responsible recycling options in Alang, India an agreement has been reached…
Iranian Tankers Free to Enter International Ports
Restrictions on Iranian tankers’ insurance have been removed and the country’s crude carriers are now allowed to enter any oil terminal in the world, National Iranian…
Kim Heng Offshore Inks Pact with Iran Marine
The Singapore-based offshore services provider Kim Heng Offshore & Marine has signed a memorandum of understanding with the Iran Marine Fund (IMF)to provide its…
