Maritime Industry Top News
US Oil Rigs Cut for 13th Week in 14
U.S. energy firms this week cut oil rigs for the 13th week in the last 14, data showed on Friday, a sign drillers were still waiting for higher prices before returning to the well pad.
Workers Rescued from Oil Platform Fire in Caspian Sea
Forty two workers have been rescued from an offshore oil platform that caught fire in Azerbaijan's sector of the Caspian Sea, Azeri independent TV ANS said on Friday.
Cenac Towing Acquires Main Iron Works, Christens New Tug
Cenac Towing Company (Cenac Towing), a third-generation owned global marine transportation company, announced continued growth despite the oil and gas industry’s downturn.
New Cranes to Scale Back Massport Emissions
The U.S. Environmental Protection Agency (EPA) is awarding $333,185 to the Massachusetts Port Authority (Massport) to help retrofit five rubber tired gantry cranes…
MAN D&T, CCS Ink Collaboration Deal at Marintec
MAN Diesel & Turbo signed a Technical Cooperation Agreement with the China Classification Society (CCS) on December 1, 2015, during Marintec China 2015. The Agreement provides for the strengthening of the cooperation between the two companies in Intelligent Ship research with regards to data exchange, online monitoring and online service. Wayne Jones – recently appointed as Executive Board Member for Sales from January 1…
Strategic Marine’s Vessels: Ready for Prompt Delivery
Strategic Marine, the specialist shipbuilder and fabricator, confirmed today that its high-tech stock vessels are now available for immediate delivery. “The demand…
Svitzer Takes Delivery of Two Damen ASD Tugs
CPP and special render recovery winches ensure superb performance. Svitzer, the leading global towage and salvage specialist, has taken delivery of two Damen ASD Tugs 3212 in the UK.
Three Workers Missing in Offshore Platform Accident
Three workers are missing after an accident at an offshore oil platform in the Caspian Sea in Azerbaijan, Azeri state energy company SOCAR said on Friday. SOCAR said a small cabin…
Vale Says Ships Sale, Leaseback Could Fetch $1.1 Bln
Brazil's Vale SA said on Friday that it plans to sell its 11 remaining Valemax iron ore carriers and lease them back in transactions that could raise $1.1 billion.
Baltic Index Tumbles on Low Demand
The Baltic Exchange's main sea freight index tracking rates for ships carrying dry bulk commodities fell for the third consecutive session on Friday on poor demand across nearly all vessel segments.
Asian LNG Glut Deepens as Demand Falters
Demand in Japan, South Korea and China stalls; demand from new importers not enough to meet soaring supplies. Asia's liquefied natural gas (LNG) glut is set to deepen…
Asia-N.Europe Freight Rates Halved
Shipping freight rates for transporting containers from ports in Asia to Northern Europe dropped 50.4 percent to $275 per 20-foot container (TEU) in the week ended on Friday…
Bulker Held in US for Breaching Environmental Law
The U.S. Coast Guard is continuing its investigation of an oceangoing bulk carrier, currently at anchor in Duluth, Minnesota, for allegedly violating U.S. environmental laws.
Asia VLCC rates Steady at Five-Year High
MidEast-Japan rates top $111,000 a day, highest since June 2010. Freight rates in Asian trades for very large crude carriers (VLCCs) are likely to remain firm as…
Contracting in Dry Bulk Remains Low - BIMCO
The current newbuilding prices for dry bulk ships has dropped so much that they just passed the lows of 2012 heading downwards and are now at the lowest level since 2003.
HMAS Melbourne Seizes $44.5 mln Heroin
HMAS Melbourne recently seized 151 kilograms of heroin worth an estimated $AUD44.5 million from a dhow off the east coast of Africa. The drug haul is the second…
Swedish Club Maintains Balanced Approach
The Swedish Club has announced a zero per cent General Increase for 2016, in a move which supports the continued balanced approach adopted by the Club considering the state of the global shipping.
NLRB Holds ILWU Guilty of Labor Law Violations
For the second time in ten weeks, the National Labor Relations Board (NLRB) has affirmed the decision of an administrative law judge that the International Longshore…
Svitzer Acquires Two Damen ASD Tugs
Svitzer has taken delivery of two Damen ASD Tugs 3212 in the UK. The initial contract was signed at the Tugnology 2015 event, which took place in London in May.
Strategic Marine’s Two Vessels Ready for Delivery
Strategic Marine, the specialist shipbuilder and fabricator, confirmed today that its most popular high-tech stock vessels are now available for immediate delivery.
