Maritime Industry Top News
Wärtsilä Gensets for Five New Box Ships
Five new 14,500 TEU container vessels being built for China Ocean Shipping Group (COSCO) will be powered by 20 Wärtsilä Auxpac 32 generating sets. The ships are under construction at the Hudong-Zhonghua Shipbuilding Group yard in China, a subsidiary of the China State Shipbuilding Corporation. The order was placed in January, 2015 with Wärtsilä's joint venture company, Wärtsilä Yuchai Engine Co. Ltd (WYEC).
Iran Fuel Oil Revenue Up 30 pct
Iran has earned $1.35 billion for selling more than 3 million tonnes of fuel oil in the 10 months to Jan. 21, up 30 percent in revenue from the same period of last year…
U.S. West Coast Port Ops Resume
U.S. West Coast port operations resumed in full on Monday after shipping companies halted loading and unloading of freighters for the weekend, citing chronic cargo…
Dry Bulk Shippers to Coordinate Chartering
Five dry bulk shipping firms, including shipping tycoon John Fredriksen's Golden Ocean will form a new venture to coordinate chartering services, hoping to reduce costs in a fragmented market…
Indian Diesel Cargoes to Australia in Rare Move
India-Australia vessels booked despite higher freight costs; Chevron moving 1-2 cargoes a month to Australia. Indian diesel cargoes are being shipped to Australia…
Libya's Hariga Oil Port Reopens After Strike
Libyan oil export port Hariga has reopened after guards ended a strike over salary payments, and the terminal will start loading tankers once better weather allows…
CGC Alex Haley Returns from 70-day Bering Sea Patrol
The crew of Coast Guard Cutter Alex Haley returned to Kodiak Sunday following a successful 70-day deployment patrolling more than 10,800 miles throughout the Bering Sea and Aleutian Islands.
Incentive for Cargotec Management
The Board of Directors has approved a new long-term incentive programme for key personnel of Cargotec for 2015 - 2018. The programme is similar in form to the one…
IMO Training for Mariners in the Arctic Finalised
The IMO has now agreed on training requirements for seafarers navigating Arctic and Antarctic waters. The requirements are to enhance safety of navigation in polar…
Hong Kong - Macau Yacht Races
Yacht races between Hong Kong and Macau will take place on 19 February 2015 (Thursday) and 21 February 2015 (Saturday). About 20 sailing boats are expected to participate in the races.
Greek Port Privatization at Cross Roads
The privatization of the port authorities of Piraeus and Thessaloniki has become bone of contention for the government, reports Kathimerini. The finance ministry…
India Relaxes Vessel Sharing Pacts Regulation
The government of India may continue to exempt vessel sharing agreements among shipping companies from the purview of fair trade watchdog CCI, reports Press Trust of India.
Viking Star Succeeds In Sea Trials
There is no question that Viking Ocean Cruises is launching an exceptionally innovative series of new ocean-going vessels, layered on its successful series of river cruise vessels…
Baltic Sea Freight Index at All-time Low
The Baltic Exchange's main sea freight index slid to an all-time low on Monday as sluggish cargo demand especially from China battered sentiment, according to data…
Fortis to Host Inaugural U.S. Investor Day on April 1
Fortis Inc. will host its inaugural U.S. Investor Day on Wednesday, April 1, 2015 in New York. The event will take place at The New York Palace hotel, 455 Madison…
Egypt, Saudi Arabia Joint Maritime Exercise
Joint Egyptian-Saudi navy maneuver Morgan 15 is underway in the Red Sea waters of Saudi Arabia. According to the military spokesperson Mohamed Samir, the exercise…
China Launches First Maritime Silk Road Cruise Liner
China has launched its first cruise liner to sail via its ambitious transcontinental initiative Maritime Silk Road (MSR) on its maiden voyage during which it will visit three South-East Asian nations.
Israeli Navy installs advanced underwater AquaShield detection system
Israel has launched new AquaShield defense system, which locates threats posed to Israel by individual divers and small maritime crafts. The latest defense system…
Vard Holdings 4Q & FY 2014 Results, Teleconference
Vard Holdings Limited will release its results for the fourth quarter and full year ended 31 December 2014, before market opens on Friday, 27 February 2015. Your pass code is available upon request.
Otto Marine Secures Charter for Two PSVs
Singapore’s Otto Marine has secured two long term charter contracts for two PSVs to an oil major in Australia, with the value of the contract worth $64m including options.
