Maritime Industry Top News
Dieleman Takes over as Cargill Shipping Head
Commodities trader Cargill has appointed a new head of its shipping business, weeks after announcing it would close its London freight unit amid a worsening global seaborne market.
Drew Marine Acquires NAL Research Corporation
Drew Marine, a provider of technical solutions and services for the maritime, defense and aviation industries, announced its acquisition of NAL Research Corporation…
Fincantieri Launches Seabourn Encore
Seabourn Encore, the first of two ultra-luxury cruise ships that Fincantieri is building for Seabourn Cruise Line, brand of Carnival Corporation, was launched today at Fincantieri’s shipyard in Marghera, Venice. The ceremony was attended, among others, by John Delaney, Senior Vice President of Global Marketing and Sales, while Fincantieri was represented by Antonio Quintano, the Marghera yard manager.
HSOG Named a Distributor for Marine Armor Systems
HSOG Limited appointed antipiracy and ship hardening distribution and installation agents for Marine Armor Systems. Global marine and offshore service provider HSOG…
China Orders 'Blacklist' of 31 North Korean Vessels
Chinese maritime authorities must "blacklist" 31 boats operated by a North Korean firm that came under U.N. Security Council sanctions this week, according to a…
Leadership Changes for Cargill
On March 1, Jan Dieleman assumed the leadership of Cargill’s Ocean Transportation business with its headquarters in Geneva, Switzerland. Dieleman took over the position…
Fuel Spill on the Mississippi River
A vessel transiting Lock and Dam 27 on the Mississippi River near Granite City, Mo. was reportedly damaged, rupturing a fuel tank and leading to a fuel spill, according to the U.S. Coast Guard.
Pentagon Chief: 40 LCS 'enough' for U.S. Navy
U.S. Defense Secretary Ash Carter on Thursday defended the Pentagon's decision to buy just 40 Littoral Combat Ships instead of the 52 originally planned, saying…
Baltic Index Extends Winning Streak
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, continued its recovery on Friday driven by improved rates for panamaxes and smaller vessels.
Asia-Europe Box Rates Plunge 10 pct
Shipping spot freight rates for transporting containers from ports in Asia to Northern Europe fell 10.1 percent to $231 per 20-foot container (TEU) in the week ended on Friday…
Crude Prices Firm Ahead of US Data
U.S. payroll, jobs data may support oil prices; demand outlook improving. Crude oil futures edged up on Friday, building on the week's gains, as traders and analysts eyed U.S.
U.S. NatGas Futures Test 1995 Lows
U.S. natural gas futures on Friday sank to within a penny of a 1995 low as drillers continue to pull near record amounts of gas out of the ground despite forecasts…
Panama Canal Focuses on Services on Expanded Waterways
Today, the Panama Canal Authority (ACP) hosted an Open Forum, giving shipping line representatives and steamship agents the opportunity to discuss the Panama Canal’s…
South of Africa on the head haul?
Since the end of October 2015, SeaIntel Maritime Analysis showed that 115 vessels deployed on Asia-USEC and Asia-North Europe services have made the back-haul trip…
Fincantieri Delivers "Itarus”
Trieste, 3 March 2016 – “Itarus”, the semisubmersible floating platform built by Fincantieri for the Russian RosRAO, the Federal State Unitary Enterprise for radioactive waste management…
Safe Bulkers to Amend $51.8 Mln Loan Facility With Unicredit
Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced today that the Company has agreed to amend an existing loan facility…
APM Terminals Pipavav, Tatas Ink KVY Project Deal
APM Terminals Pipavav one of Western India’s gateway ports, in collaboration with Tata Trust CSPC (Coastal Salinity Prevention Cell) has launched Kharash Vistarotthan Yojana (KVY)…
SCI’s Worldwide Agents’ Meet 2016
The Shipping Corporation of India’s (SCI) Worldwide Agents' Meet 2016 held on March 2nd, 2016 drew 88 agents from across the world to participate in the Meet. There were representatives from Far East…
Pirates Move From High Seas to High Tech
A group of cunning tech-savvy pirates hacked a shipping company’s systems, enabling them to carefully target cargo on the firm’s vessels. A curious case reported by Verizon's RISK (Research…
China Plans Carrier Battle Groups To Defend Its Maritime Turf
Chinese navy official Rear Admiral Yin Zhuo confirmed that China plans to put aircraft carrier battle groups to sea, says a report in SCMP. The country will deploy…
