Maritime Industry Top News
Indonesia Seeks Foreign Investors for Port Expansion
Indonesia is seeking US$7 billion in foreign investment to upgrade its ports as part of a five-year plan to improve its ports network, Finance Asia said. The planâŚ
Britannia sails into Southampton
Britain's newest ever superliner Britannia has arrived in its home port Southampton ahead of its official naming ceremony. Itâs the largest cruise ship built for the British market.
Russia Builds Nuclear Submarine "Arkhangelsk"
Russiaâs Sevmash shipyard will hold a groundbreaking ceremony for its next generation Project fifth Yasen-M multirole nuclear submarine, the Arkhangelsk, on March 19.
Philippines' First-Gen Seeks Partner for $1bln LNG Terminal
Lopez-led First Gen Corp (FGC) has started scouting for local and foreign partners for the construction of its $1-billion liquefied natural gas (LNG) import terminal in BatangasâŚ
Record Cargo Traffic at VOC Port
V.O.Chidambaranar Port Trust, Tuticorin, has crossed the previous yearâs traffic of 28.642 million tonnes on Feb 27, 32 days ahead of the current financial yearâŚ
France, Québec Joint Maritime Strategy
Quebec and France have announced plans to create a new bi-national oceanic research network in Rimouski. The proposed creation of this binational institute was formallyâŚ
Holland America Floats out Koningsdam
Holland America Line's new ms Koningsdam is set to be delivered March 31, 2016. This week the ship was transferred from its dry dock to its outfitting dock at Fincantieriâs Marghera shipyard in ItalyâŚ
Fiera Axium Consortium Buys Montreal Terminals
A consortium led by Fiera Axium Infrastructure Inc. The consortium includes Desjardins Group, via its insurance subsidiaries and its pension plan, Manulife, FondsâŚ
Bill in Congress to Expand Benefits for WWII Merchant Seamen
Representatives G. K. Butterfield (D-NC) and Walter Jones (R-NC) introduced bipartisan legislation this week that would make deserving World War II U.S. Merchant Mariners eligible for honorary veteransâ status and certain veteransâ benefits, Rep. Butterfield's office said in a press release. H.R. 1288, the World War II Merchant Marine Service Act of 2013,would expand the list of documents accepted by the U.S.
Cruise Line Agrees to $500K Settlement for Disguising Sales Calls
Caribbean Cruise Line Inc. has agreed to a $7.73 million settlement after the Federal Trade Commission (FTC) and 10 state attorney generals sued the Fort LauderdaleâŚ
OTC Names Technology Award Winners
The Offshore Technology Conference (OTC), which takes place May 4-7 in Houston, has announced 17 technologies that will receive the Spotlight on New Technology SM Award. The 2015 awards will be presented May 4, in the NRG Center Rotunda Lobby. The Spotlight on New Technology Awardsâa program for OTC exhibitorsâshowcase the latest and most advanced hardware and software technologies that are leading the industry into the future.
Jack W. Fisher Passes Away at 73
Jack W Fisher, president of JW Fishers Mfg. passed away at home after a brief illness on February 20, 2015. He was 73 years old. The JW Fishers business was started because Fisher, an avid diver, needed an underwater metal detector to use on a salvage project in the mid 1960s. He discovered there was no such device available. Over the next several years he designed and constructed his own underwater metal detector. JW Fishers Mfg.
Global LNG-Asia Prices Creep Higher on Japanese Demand
Asian spot liquefied natural gas prices edged higher as scattered demand from Japanese buyers and others helped stem the recent decline in prices, traders said on Friday.
Piracy Still a Big Threat in the Indian Ocean
Underestimating the security risk in the Indian Ocean could put ships in danger once again, says maritime security company MAST Ltd. âWhilst recent reports and incidents seem to be pointing to the Far East as the next piracy hotspot, the real security risk to shipping remains within the Indian Ocean, which is being âunder-hypedâ by some commentators,â said Gerry Northwood OBE, COO of MAST. "It is clear that the level of maritime crime in the Far East is highâŚ
First LNG-powered EcoLiner Launched
Damen Shipyards Group launched the first LNG-powered Damen EcoLiner inland shipping tanker at its Romanian yard in early February. The EcoLiner, developed to deliver fuel economy for inland shipping operators while at the same time cutting emissions, features a design that combines conventional, proven engineering with sustainable innovations, including the worldâs first installations of the ACES Air-Lubricated HullâŚ
Zamakona to Deliver Tuna Freezer Vessel
This Saturday, March 7, Zamakona Shipyards in Santurce will deliver its construction number 737, the tuna freezer vessel Jai Alai, to bermeo Group Echebastar. Present at the ceremony will be Kepa Echevarría, Deputy Director of the Echebastar Group; and Pedro Garaygordobil, Zamakona Yardsâ President; and to preside over the ceremony and act as godmother Mary Arenaza Happiness Madariaga, member of the tuna vesselâs owning companyâŚ
St. Lawrence Seaway Opening Date Pushed Back
Tthe opening date for the St. Lawrence Seaway 2015 navigation season has been delayed following review and consideration of factors and conditions affecting safeâŚ
Drop in Cocoa Bean Size Worries Ivorian Exporters
Dry weather in top cocoa grower Ivory Coast has caused a sharp drop in bean size and will delay the start of the April-to-September mid-crop by nearly two monthsâŚ
IACS Comments on MOL Comfort Report
The International Association of Classifications Societies (IACS) informs it will study the final report issued in Japan by the Committee on Large Container Ship Safety (CLCSS), which concludes that the Mol Comfort break up possibly occurred because the sea loads exceeded the hull girder ultimate strength at the time of the casualty, as well as the recommendations formulated in the document, and will make public the results of this examination.
EU to Deliver Climate Pledge to UN
EU ministers agreed on Friday to send their formal promise on how much they will cut greenhouse gas emissions to the United Nations ahead of climate change talks starting in November.
