Maritime Industry Top News
Workers Shutter Israeli Port after Rocket Fire
Workers at a major Israeli seaport in the southern city of Ashdod suspended operations on Tuesday following heavy rocket fire from the nearby Gaza Strip. Violence…
Maersk Taking $1.7b Charge on Brazil Assets
Full-year underlying profit guidance unchanged; writedown raises questions over company's oil strategy. Danish oil and shipping group A.P. Moller-Maersk moved to…
U.N. Rules for Bangladesh in Dispute with India
A U.N. tribunal has awarded Bangladesh nearly four-fifths of an area sprawling over 25,000 sq km (9,700 sq miles) in the Bay of Bengal, ending a dispute over a sea…
Marseilles Fos to Receive Rail Service Upgrade
Rail operator Naviland Cargo is lifting the frequency of its Marseilles Fos-Strasbourg service from three to five round trips per week by the end of the year. Naviland announced the upgrade when more than 90 Alsace-based shippers and transport professionals attended a presentation in Strasbourg by promotional body Via Marseilles Fos (VMF) – formed by the port authority, port users and the chamber of commerce – which was hosting its first event in the key hinterland region.
Macquarie to Control IMTT
Macquarie Infrastructure Co LLC said it would buy the 50 percent stake in liquids storage provider International-Matex Tank Terminals (IMTT) that it does not control…
DNV GL to Study Risks of Small Scale LNG Bunkering
In order to better understand the consequences of an accidental liquefied natural gas (LNG) release, DNV GL has been asked by the industry to initiate a Joint Industry Project (JIP). It will be run in collaboration with E&P companies and LNG market stakeholders. The JIP will contribute to the development of rigorous safety standards and guidelines for small scale LNG bunkering and filling stations. Other E&P and energy companies still have time to join the project.
Japan Shuts Down Nuclear Plants in Typhoon's Path
Hundreds of flights were cancelled in Japan and more than 500,000 people urged to evacuate as a powerful typhoon brought torrential rain and high winds to southwestern…
FPSO Contract Suspension Could Cost Petrobas US$15-bln
Profit at Petrobras, Brazil's state-led oil company, could be reduced by $15 billion between 2014 and 2018 if it had to suspend oil platform contracts with Holland's SBM Offshore NV…
CITIC Starts Court Proceedings Against Qingdao Port Operator
China's CITIC Resources Holdings Ltd has begun court proceedings against the operator of a bonded warehouse at Quindao port as legal action ramps up following an…
Global Ocean Trade: Latest Shipbuilding Orders
Orders for gas carriers placed with Korean and Japanese shipyards figure prominently amongst the latest newbuilding orders noted in the latest Clarkson Hellas S&P Weekly Bulletin.
Shipping Industry Not Quite as Upbeat About Future: Analyst
Overall confidence levels in the shipping industry fell slightly during the three-month period to May 2014, due to concerns that overtonnaging could hit freight rates…
Making Friends: South Korean Admiral Tours China Warship
A South Korean Navy admiral toured a Chinese warship in a rare opening by Beijing to its People's Liberation Army vessel last week during U.S.-led Pacific RIMPAC maritime drills…
ISC Declares Preferred Stock Dividends
International Shipholding Corporation inform that its Board of Directors has declared a dividend of $2.375 per share on its Series A Cumulative Redeemable Perpetual…
IGT's iDX 3.2.3 Software for Increased Bandwidth & Higher Throughputs
iDirect Government Technologies, Inc. (iGT), a wholly owned subsidiary of VT iDirect, Inc. (iDirect), today announced the availability of iDX 3.2.3 software, which meets the military…
Leidos Constructing AUV Anti-Submarine Warfare Tracker
National security, health & engineering solutions company, Leidos, says it has under construction an autonomous unmanned vessel designed to track quiet diesel-electric…
USCG Rescues Stranded Hiker Near Seaside, Ore
The Coast Guard hoisted a female hiker who became trapped along the Ecola State Park cliffs by the incoming tide south of Seaside, Oregon, Sunday. Watchstanders…
Fastnet to Farm in Tendrara Lakbir
Fastnet, the UK and Irish listed E&P company focussed on near term exploration and appraisal acreage in Morocco and the Celtic Sea, announced that its wholly owned…
Kalmar Delivers 10 Straddle Carriers to MCT
Kalmar, part of Cargotec, has gained an order to supply ten electric straddle carriers to its long standing customer Medcenter Container Terminal (MCT), part of the Contship Italia Group…
CEVA named One of Best Companies to Work for in Asia
CEVA Logistics, a leading global supply chain management company, today announced that it was named as one of the Best Companies to Work for in Asia, at the HR Asia Awards…
JR Transforms CMA CGM MAGELLAN into Work of Art
The CMA CGM MAGELLAN, a 365 meters long vessel, has been transformed into a work of Art by world-renowned artist, JR. Discover this amazing project and the video…
