Maritime Industry Top News
Baltic Dry Bulk Index Dips on Weak Demand
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, continued to dip on Wednesday due to sluggish demand across vessel segments.
GE Equips New Multipurpose Supply Vessels
After equipping more than 20 purpose supply vessels (PSV)/multipurpose supply vessels (MPSV) for Eastern Shipbuilding, GE has once again been chosen by the builder to equip Hornbeck Offshore Services’ (HOS) next generation of U.S. flag, Jones Act-qualified MPSVs, constructed at Eastern Shipbuilding. The scope of GE technology onboard these two vessels include the first MKII MV3000 Active Front End (AFE) drive.
Logimatic Launches 3D Vessel Performance Management Service
Logimatic has expanded the vessel reporting system and dynamic dashboards within its Sertica software package, to provide an improved level of visual presentation of shipboard data and move towards a 3D vessel performance management service. The Performance Management Service Center will be available to customers requiring expert advice on performance issues. The combined system is built on three dimensions – the Planned Maintenance System…
OMB - Subchapter M Cleared for Publication
The Office of Management and Budget (OMB) completed its review of the draft final rule entitled Inspection of Towing Vessels, also known as "Subchapter M." The document…
Tanker Departs Libya Empty amid Political Crisis
A tanker that an oil company set up by Libya's eastern government prevented from loading has left the eastern port of Marsa el-Hariga, a port official said on Wednesday.
Maersk Mulls Acquisitions after Surprising Profit
Fragmented sector chasing alliances to cut costs; Maersk has plenty of cash for deals - CEO. A.P. Moller-Maersk returned to profit at its main container shipping business in the first quarter…
Kalmar Straddle Carriers for EUROGATE CT, Hamburg
Kalmar, part of Cargotec, is to deliver nine diesel-electric straddle carriers to EUROGATE, Europe's leading shipping line-independent container terminal operator…
Halonen Named COO, Greencarrier Freight Services
Greencarrier Freight Services has promoted Jarmo Halonen to the role of Chief Operating Officer, with combined responsibility for the company’s air, ocean, road and rail freight activities.
ABB Transformers for the Most Powerful Wind Turbines
ABB will deploy 40 special transformers to equip wind turbines for an offshore wind farm in the Irish Sea. The MHI Vestas Offshore Wind turbines are 195 m (640 ft)…
Two ODCs Loaded at Hamburg Port
On 25 April, two Over-Dimensional-Cargos (ODC) tanks manufactured by Chart Ferox were loaded by Wallmann & Co., the long-established Hamburg company specializing in handling heavy lift cargoes.
UNSC Highlights IMO's capacity-building work in Gulf of Guinea
IMO Secretary-General Kitack Lim has welcomed the Presidential Statement from the United Nations Security Council (S/PRST/2016/4) in which the Council strongly condemns acts of murder…
Liebherr Offshore Crane on “Giant 7”
The Liebherr offshore crane division installed a board offshore crane, type BOS 35000 on the heavy lift barge “Giant 7”. The state of the art offshore crane will…
IMTRA Unveils Clite2
IMTRA announced today its new high-output LED searchlight – the Colorlight CLite2. The Colorlight CLite2LED Searchlightfrom IMTRA is the first compact, high-output…
Maersk Profit Plunges
Danish shipping and offshore energy conglomerate Maersk Group reported its profit at US$ 224 million for the first quarter of 2016, a drop of 86 percent compared…
BIMCO: Dry Bulk Recovery Will be a Multi-Year Effort
In an exclusive interview with “Akti Miaouli” newspaper, BIMCO Chief Shipping Analyst, Peter Sand, provides insight into the markets for dry bulkers, tankers and…
Container Market - Between a Rock and a Hard Place
The pain of the current container market downturn extends beyond carriers, says Drewry's Container Insight Weekly. Some independent ship-owners are faced with either…
CMA CGM Announces Emergency Operational Surcharge for Zanzibar
CMA CGM has announced to its customers that there is increasing deterioration of the port congestion up to 15 days in Zanzibar, Tanzania, which is beyond their control.
Adani Ports Profit Up
Adani Ports and Special Economic Zone Limited (APSEZ), India’s largest port developer and part of Adani Group, has announced the financial results for the fourth quarter and year ended March 31, 2016.
Singapore Scheme to Tackle Lack of Marine Engineers
Singapore has launched an initiative to attract more locals to take up a career as a marine engineer. The joint venture between unions, government and industry aims to address an acute shortage.
Libya Eastern Oil Company Blocks Tanker Loading Crude for Tripoli Rival
An oil company set up by Libya's eastern government is preventing a tanker from loading a cargo for its Tripoli rival, the National Oil Corporation (NOC), officials said on Tuesday.
