Maritime Industry Top News
Shanghai Port Logs Quarterly Profit Fall
Shanghai International Port Group Co Ltd, the operator of the world's busiest container port, reported its first fall in quarterly net profit in over a year, providing…
Risk Intelligence Launches PortRisk
Denmark-based security risk intelligence company Risk Intelligence has launched PortRisk, a service that aims to deliver comprehensive and reliable intelligence on risk in ports. PortRisk provides on-demand security information and threat, vulnerability and risk assessment covering countries, ports and cities. Together with the company’s existing maritime security intelligence tool, MaRisk, the services deliver intelligence for maritime planning, decision-making and operations.
Fishing Company Charged Over $1 Mln in Oil Spill Penalties
Tri-Marine Management Co., Tri-Marine Fishing Management and Cape Mendocino Fishing (Tri-Marine) have agreed to pay $1.05 million in civil penalties and to perform fleet-wide inspections and other corrective measures to resolve claims stemming from an October 2014 oil spill in American Samoa and related violations of spill prevention regulations, the Department of Justice and the Coast Guard announced today. In its complaint, filed today along with the lodging of a consent decree in the U.S.
Canada Investigating Leviathan II Sinking
Canada’s Transportation Safety Board (TSB) continues its investigation into the sinking of passenger vessel which killed at least five near Tofino, British Columbia, Sunday. Of the 24 passengers and three crew aboard the whale-watching tour boat Leviathan II at the time of the sinking, 21 people were rescued, five have died and one remains missing. Leviathan II is a three-deck cruiser operated by Jamie's Whaling Station and Adventure Centres.
Dry Bulk-Capesize Rates Could Slide Further
No sign of Q4 cargo rush; Capesize and panamax rates barely covering opex. Freight rates for capesize bulk carriers could slip further next week as too many ships…
Greece Searches for Migrants off Lesbos
Greek coast guard searching for 38 migrants off Lesbos. Four children, two men and one woman drowned and 38 migrants were missing after their wooden boat sank north of the Greek island of Lesbos…
Statoil to Explore Offshore S. Africa
Statoil has completed a farm-in transaction with ExxonMobil Exploration and Production South Africa Limited (ExxonMobil), acquiring a 35 percent interest in the…
Scandlines’ New Ferries All Set to Sail
Preparations for the forthcoming introduction of the two new Scandlines ferries for Gedser-Rostock are in full swing. All the Danish and German officers are currently…
15 Terex Straddle Carriers for Liverpool Terminal
Terex Port Solutions (TPS) has received an order for 15 diesel-electric Terex N SC 634 E straddle carriers from the British terminal operator Peel Ports Group Ltd (Peel Ports).
Hong Kong - Daya Bay Yacht Race
A yacht race from Hong Kong to Daya Bay in the Mainland will take place on 30 October 2015 (Friday). About 60 yachts are expected to participate in the race. The…
GAC Facilitates Swedish Boats Delivery for Sea Rescue
Two high-speed boats from Sweden have joined the sea rescue effort in the Eastern Aegean, and it was GAC that coordinated their delivery to Greece. The craft were sent by the not-for-profit NGO…
Protection for French Vessels by Private Operators
The enactment of Law No. 2014-742 of 1st July 2014 and the signing of decrees related during late 2014 and early 2015 resulted in June 2015 to approve the first…
Austal Wins $53.4 mln USN Procurement Contract
Austal USA was awarded a $53.4 million contract to procure long-lead materials for the 11th Expeditionary Fast Transport for the U.S. Navy. The award covers materials…
Maersk Lays-Up Triple-E
Maersk Line has laid-up one of its 18,000-teu Triple E containerships. It cannot rule out that it will have to anchor another of its massive Triple E ships in connection with the Chinese New Year.
Hyundai and Hanjin Deny Merger Talk
While merger talks between South Korean shipping companies Hanjin and Hyundai Merchant Marine lines hit the newspapers, the latter has refuted rumors that the government…
Carnival Sends Two Ships to China
Carnival Cruise Line has announced plans to commit two ships to the China cruise market: Carnival Miracle and Carnival Splendor. Both ships will be based in China year-round…
China Cosco Posts Q3 Loss
China Cosco, the flagship unit of state conglomerate Cosco Group, swung to a net loss in the third quarter of calendar 2015 at 1.7 billion yuan. Its revenue fell…
China Shipping Posts Q3 Profits
Hong Kong-listed China Shipping Development (CSD) , part of Chinese state giant China Shipping Group, posted a net profit of 391 million yuan, up 800 per cent compared to the same quarter last year.
Hapag-Lloyd Delays IPO
German container shipping group Hapag-Lloyd AG is postponing its stock market debut by a week after investors shied away from the company following Maersk Line’s modest profit forecast last week…
Polar Pioneer Returns to Port Angeles
The Polar Pioneer oil rig arrived in Port Angeles on Wednesday. Shell spokesman Curtis Smith said Port Angeles was an “excellent location for load-out” before the…
