Maritime Industry Top News
Baltic Sea Freight Index Slips
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday for the first time in five weeks, hurt by…
Simrad Launches Commercial Radar System
Simrad's R3016 12U/6X IMO SOLAS CAT 3 Radar System for the commercial shipping market in on the market. The new R3016 12U/6X IMO type approved radar solution is ideal for use aboard CAT 3 SOLAS vessels1, workboats, tugs and coastal fishing boats. Its 12-kilowatt X-Band transceiver and 6-foot open array scanner are designed for high reliability and low maintenance. Alongside the 6-foot array comes the new Simrad R3016…
Hamburg Sud Chooses Voyager
Global Navigation Solutions (‘GNS’), the maritime services group, has announced that its long-term customer Hamburg Sud will be installing Voyager Planning Station (‘VPS’) throughout its group.
Leif Hoegh Increases Stake in Hoegh LNG
Leif Hoegh & Co. Ltd., a primary insider of Hoegh LNG Holdings Ltd., purchased 67,060 common shares in Hoegh LNG Holdings on 15 March for a price of NOK 91.50 per share.
Japan to Import US Crude in May
Phillips 66 actively offering U.S. crude in Asia. Japan will receive a U.S. crude cargo in May, its second such purchase from the United States since Washington…
Swedish Club Report Shines Light on Vessel Claims
The life of seafarers is never straightforward, and as a new report from the Swedish Club shows, the hazards and job complexities they face are very much dependent…
Maritime Economics: Top Five Shipyards by Market Value
Shown is an infographic courtesy of VesselsValue.com looking at the top five shipyards ranked by the market value of the newbuilding contacts currently on order. According to Senior Data Editor, Craig Jallal, "The current top five shipbuilding groups have seen a significant decline in value of their orderbooks year-on-year since March 2015. Hyundai HI has suffered the largest decline, down by 12%, but fifth-placed Imabari of Japan, enjoyed a 9% increase in the value of its orderbook."
Ponant Orders Four Ships from VARD
Norwegian offshore shipbuilders VARD have announced a deal with French luxury cruise ship operator Ponant for the construction of four luxury expedition cruise vessels, for delivery in 2018 and 2019.
Asia Cruise Cooperation Launched
Five Asia cruise destinations – Hainan, Hong Kong, The Philippines, Taiwan and Xiamen–jointly announced the launch of Asia Cruise Cooperation (ACC), a committed…
LNG Infrastructure Market to Reach $55B
There are a number of exciting LNG liquefaction prospects around the world in 2016, both under construction and prospective. The question is whether the demand of…
Indonesia Seeks Buyers for LNG Cargoes
According to a report in Reuters, Indonesia is seeking buyers for "three to four" uncommitted liquefied natural gas (LNG) cargoes from its Bontang refinery operated…
Shipping Firms Sign up to Fight Illegal Wildlife Trafficking
The world’s largest shipping and airline companies, port operators and transport groups have committed to trying to shut down the main international wildlife trafficking routes.
Argentina Sinks Chinese Ship
Argentina's coast guard has sunk a Chinese trawler that was fishing illegally within its territorial waters, the coast guard said on Tuesday, marking a first test…
Long Beach Port Appoints 3 Directors
The Board of Harbor Commissioners has approved the appointments of new directors for the Port of Long Beach’s Finance, Surveys and Transportation Planning divisions.
Digital Marine Acquires Jeppesen's Marine Division
Digital Marine Solutions announced today it has signed a purchase agreement to acquire the marine division of Jeppesen, subject to regulatory approval. Under the terms of the agreement…
Seafarer Heroism Honored by USCG
The Coast Guard presented the crew of the cargo ship Joseph L. Block with a lifesaving award in Sturgeon Bay, Wisconsin, Saturday. Capt. Amy Cocanour, the Coast Guard Sector Lake Michigan commander…
Liftboat SUDA 300-L4T Delivered
A. K. Suda (SUDA) has successfully completed the design of a 300 ft. (91.5m) truss-legged liftboat. This vessel is being delivered to its owners in 1st Quarter 2016.
Survitec, Ocenco Team Up to Meet EEBD Replacement Demand
Survitec Group, one of the world’s leading marine safety companies, is now working in partnership with Ocenco to replace thousands of M-20.2 Emergency Escape Breathing…
Danish Registry's Tonnage Rise Despite Challenges
2015 was another busy year for the Danish Maritime Authority in which many results were achieved – covering a wide span from growth to safety. This is evident from…
CCCC to Resume Sri Lanka Port Project After Suspension
China's CCCC said on Tuesday it had approval to restart the construction of its $1.4 billion real estate project near Colombo's port that was suspended a year ago…
