Maritime Industry Top News
MHI Subsidiary in Brazil for FPSO Compressors
In December Mitsubishi Heavy Industries Compressor Corporation (MCO), a Group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Hiroshima, will establish…
Transas VMS for Lerwick Harbor
Transas signed a contract with Lerwick Port Authority to install a new Vessel Monitoring System (VMS) to cover Lerwick Harbour, in Shetland. The new Transas system…
Wood Group Wins Browse FEED Contract
Wood Group has secured its second front-end engineering design (FEED) contract for the proposed Browse floating liquefied natural gas (FLNG) Development offshore Western Australia.
Hempel Appoints Boyer-Søgaard as CFO
Hempel A/S announces that Anders Boyer-Søgaard, CFO and member of Executive Management of GN Store Nord A/S, will succeed CFO Kim Junge Andersen who will join Rockwool as CFO as per January 1, 2016.
NYK's Environmental Management Conference
On November 30, NYK welcomed about 60 environmental supervisors from 46 NYK Group companies to the group’s annual Environmental Management Conference in Tokyo. NYK…
Wärtsilä Power for Two Icebreakers
Two new Aker Arctic designed icebreakers, under construction at the PJSC Vyborg Shipyard in Russia, will have their main power provided by Wärtsilä generating sets.
OSV Owners Face Bankruptcy Risk
More than half of the public companies in the offshore supply-vessel industry face a high probability of restructuring or bankruptcy, Bloomberg reported quoting…
Diana Shipping Time Charter Contract for Seattle with SwissMarine
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, has announced that, through a separate wholly-owned subsidiary…
China Cosco President Resigns
China COSCO Holdings Company president Jiang Lijun has resigned from his position. Jiang Lijun will cease to be a member of the strategy and development committee…
Maersk Saigon Runs Aground in Brazil
The container ship Maersk Saigon left the fairway and grounded near near buoy 2A at Santos port channel during departure from the terminal. Maersk Saigon was grounded…
Evergas Orders Four Ethylene Vessels
Copenhagen-headquartered gas tanker carrier Evergas has just ordered four ethylene/ethane newbuildings, with an option for two more. The contract for the four newbuildings…
Star Bulk Sells Bulker Quartet
Star Bulk Carriers, a global shipping company providing transportation solutions in the dry bulk sector, has reached agreements to sell four modern vessels, two capesize and two kamsarmax vessels.
CCCC May Build Terminal in Sydney Harbour
China Communications Construction Co. Ltd (CCCC). has agreed to build a highly automated container terminal in Sydney Harbour, depending on the results of a feasibility…
Democrats Steadfast in Demands for Axing US Oil Export Ban
U.S. Senate Democrats on Tuesday laid out a list of demands they seek before making any deal to end the 40-year-old ban on crude oil exports in the wide-ranging government funding bill.
Nicholls' Maritime Management Program Continues to Grow
The College of Business Administration at Nicholls State University began offering students the option of maritime management as a degree concentration in the fall of 2013.
ZF Acquires Bosch Rexroth Industrial Gears Arm
Following the go-ahead from antitrust authorities, on December 1, 2015 ZF has officially taken over the industrial gears and wind turbine gearbox business from Bosch Rexroth AG. With this, some 1,200 employees altogether at the Witten, Beijing and Lake Zurich (USA) locations will thus join the technology company. The purchase price has not been disclosed. For ZF, the acquisition is an entry into the business with large industrial gears that are used in oil rigs…
Royal Moroccan Navy Turns to Damen for First Tug
The Royal Moroccan Navy has taken delivery of a Damen Stan Tug 2208. The 22-meter long vessel, named Al Mounkid, is the first tug to join Morocco’s sizeable naval fleet. The Royal Moroccan Navy has a fleet consisting of frigates, offshore patrol vessels, training vessels and hydrographic, amphibious and auxiliary vessels. Its fleet, however, did not include a tug of any sort. In the past, Morocco’s Navy has turned to third party tug operators for towing, moving and mooring services.
Holiday Merchandise Supply and Demand: ‘Final Balancing Act’
Import cargo volume at the United States' major retail container ports is expected to be essentially unchanged from last year this month as stores bring in the last round of merchandise for the holiday season, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “The holiday season is well under way and merchants are doing the final balancing act of matching supply to demand…
Petrobras Offers to Sell up to 10% of Libra Field
Brazil's state-run oil company Petrobras is offering up to a quarter of its 40 percent stake in the huge Libra offshore oil prospect as its seeks to reduce the largest debt in the global oil industry…
Video: Navy's New Destroyer Underway
The future USS Zumwalt (DDG 1000) has departed departed Bath Iron Works to set sail for the first time, conducting at-sea tests and trials in the Atlantic Ocean, Dec. A video of the ship underway is available here. The Navy said the newly built multimission ship will provide independent forward presence and deterrence, support special operations forces, and operate as an integral part of joint and combined expeditionary forces. DDG 1000 is the leading guided missile destroyer of the U.S.
