Maritime Industry Top News
Igor Sechin discusses Rosneft with Putin
The President of the Russian Federation Vladimir Putin held a working meeting on Wednesday with the Head of Rosneft Igor Sechin, who reported on the Company’s 2014…
Whats Needed for Future Force
Chief of Naval Operations (CNO) Adm. Jonathan Greenert outlined his thoughts Feb. 4 on three science and technology objectives for the Navy and Marine Corps of the future…
Mitsubishi Minatomirai Museum to Open "Ocean" Zone
On March 1 (Sun) the Mitsubishi Minatomirai Industrial Museum will launch its newly renovated "Ocean" zone, an area dedicated to introducing advanced technologies relating to the earth's oceans.
China's $40b Maritime Silk Road Shaping Up
China's $40 billion fund to finance its most ambitious global plan - the Silk Roads and Maritime Silk Road is moving forward steadily as its management team has taken shape.
Hutchison Chinese Ports Assets for Sale
The South China Morning Post has reported Hong Kong billionaire Li Ka-shing's Hutchison Whampoa Ltd is mulling the possible sale of a 40 percent stake of Hutchison…
Shipping Not to Blame for Seal Deaths
New evidence has emerged that seal deaths around the UK’s coastal waters are the result of predatory behavior by grey seals, rather than ship propeller injuries, says UK Chamber of Shipping.
MCC Rolls Out Direct China-Myanmar Shipping Service
The first direct shipping route between Myanmar and China, IA5 (Intra Asia 5) was launched in Yangon, by Maersk Line and MCC Transport. Sources said that the Tokyo Trader…
Hyundai Glovis Signs $100m Qatari Shipping Deal
Hyundai Glovis Co., South Korean shipping firm, clinched a $100 million shipping service contract with a building materials firm in Qatar, reports Yonhap news agency.
Shipping Rates Drop as China Cuts Coal Need
Shipping costs plunged to almost the lowest on record following tumbling demand for coal in China and weakening growth in the nation’s iron ore purchases, reports Bloomberg.
Live Oak Plans LNG Plant on Calcasieu Channel
Louisiana Governor Bobby Jindal and Martin Houston, Chairman of Live Oak LNG, has announced a new natural gas liquefaction and export project, up to a $2 billion investment…
Container Company ECT Under Investigation
The Dutch Authority for Consumers and Markets (ACM) is reportedly investigating alleged market manipulation by Europe Container Terminals (ECT), the largest container company in the Rotterdam harbor.
Denmark Announces New Antipiracy Strategy
The Danish government on Thursday announced a new three-year strategy for combatting piracy and armed robbery at sea. The Danish Foreign Ministry said that that…
MHI Consolidates 5 In-house R&D Facilities
Mitsubishi Heavy Industries, Ltd. (MHI) will reorganize its research and development structure. The reorganization initiative calls for the creation of a new Research…
Ballast Water Rules Create Conundrum for Shipowners
Speaking today before a conference on ballast water treatment regulation, World Shipping Council President Chris Koch outlined the conundrum facing the maritime…
Van Wijngaarden Orders Damen Workboat
Damen has begun work on the latest and one of the largest yet in its shallow draft Shoalbuster range. Ordered by Van Wijngaarden Marine Services, the Shoalbuster 3512 is 35 meters in length, has a draft of 2.9 meters and GRT of 498 metric tons. The completely new design brings a range of benefits including a larger bridge, a working deck of 134m² and accommodation for up to 11 personnel. The propulsion system is based on three engines delivering 2…
Intelsat, Kymeta Enter Satellite Tech Partnership
Intelsat S.A. and Kymeta Corporation today announced an agreement to design and produce flat, electronically steerable, Ku-band satellite antenna solutions for the Intelsat EpicNG high throughput satellite (HTS) platform. The first Intelsat EpicNG satellite is expected to launch in late 2015. Kymeta’s flat and thin satellite tracking antennas will be designed to work with Intelsat’s satellite fleet…
Maersk Line Returns to Boston
Maersk Line, the world's largest container shipping line, resumed operations at the Port of Boston’s Conley Container Terminal with the arrival of the Sealand Illinois on Thursday, the Massachusetts Port Authority (Massport) announced. Maersk, which last operated out of Boston in 2000, is the seventh major global container line currently servicing the city's port. Boston will be the second U.S. port of call after New York on Maersk Line’s TA5 service, part of their East-West Network.
Ecuador to Lift 21% Duty on Colombian Imports
Ecuador will cancel a 21-percent tariff on imports from Colombia by the end of the month, the Colombian trade ministry said late on Wednesday, reversing an effort…
European Palm Oil Prices Rise on Indonesia Biodiesel Plan
Palm oil prices on the European market rose sharply on Thursday as top producer Indonesia proposed to increase biodiesel subsidies in a move which could significantly boost demand.
Libyan Army Fights to Capture Benghazi Port
Clashes erupted in the center of Libya's main eastern city Benghazi on Thursday as pro-government forces pushed to take the port district from Islamist militants…
