Maritime Industry Top News
Manila Arrests Chinese Fishermen; "Sovereign Rights" Cited
The Philippines on Tuesday intercepted a Chinese fishing boat off Half Moon Shoal in the Spratly Islands and arrested 11 fishermen after they found 350 marine turtles, said to be endangered species.
Lisbon Sees Record Cruise Passenger Numbers
Total 18,000 passengers and crew arrive by sea in one day; last year saw record number of tourists, rise continues. A record 13,000 passengers disembarked on Tuesday…
Libyan Rebels Refuse to Deal with New PM
Stance threatens efforts to reopen terminals; Maiteeq sworn in as PM after chaotic election. Seizure of ports, oilfields has cut vital crude output. Rebels occupying…
Fishing Boat Incident Heightens Philippine-China Tensions
Philippines police seized a Chinese fishing boat in the disputed South China Sea on Wednesday, an official told Reuters, the latest flare-up of tensions in the oil…
Mobile Harbor Channel Dredge Contract for Dutra
The U.S. Department of Defense informs that Dutra Dredging Co., San Rafael, California, has been awarded an $8,000,000 firm-fixed-price, indefinite-delivery/indefinite…
Latest Global Ocean Trade Shipbuilding Orders
A relatively quiet week in the dry bulkship and tankship newbuilding market according to Clarkson Hellas in its latest S&P Bulletin. Kuang Ming Shipping are understood…
GLDD Reports Fairly Solid Q1 2014 Despite Weather
The United States' largest dredging services provider, Great Lakes Dredge & Dock Corporation has reported its financial results for the quarter ended March 31, 2014…
The Bounds of Arctic Russia Defined
A decree defining the land territory of Arctic Russia has been signed by Russian President Vladimir Putin and published on the Kremlin's website, reports the officeal news agency Arctic-Info.
Desert Ports for Ocean Carriers: New Analysis
ICTSI’s announcement earlier this month that it is investing over $130m in a long term deal with Iraq’s Port Authority to operate and enhance container handling…
China COSCO Scrap Seven Ships
China COSCO Holdings inform that in accordance with its plan to streamline its fleet it sent 7 vessels for demolition in April 2014. The scrapped ships were the container ship Dahe…
Undersecretary Reginald Brothers to Keynote SIA Summit
The Security Industry Association (SIA) has apprised that Dr. Reginald Brothers, DHS Undersecretary for Science and Technology, will be the keynote speaker at the…
GasLog to List on NY Bourse
LNG carrier owners and operators, GasLog Partners LP, inform it has priced its initial public offering of 8,400,000 common units representing limited partner interests at $21.00 per common unit.
Matson Q1 2014 Profits Slip, Market Growth Expected
Leading US carrier in the Pacific Matson report that in the first quarter of 2014 its financial results were negatively impacted by the timing of fuel surcharge collections.
Middle East Offshore Equipment Supply: New J/V Set Up
Leading integrated turnkey subsea and offshore solutions provider, Unique Maritime Group, says it has signed a Joint Venture (J/V) with OEG Offshore (OEG), to offer…
Chicago Tug & Barge Grounding: Latest Update
The Coast Guard says it is continuing its response to the grounded towing vessel 'Kimberly Selvick' in Lake Michigan off of Burnahm Park.The vessel remains partially submerged…
U.S. Senate Moves To Debate Energy Savings Bill; Keystone Bid Stalls
The U.S. Senate agreed on Tuesday to advance a bipartisan energy efficiency bill, but it could die unless lawmakers end a stalemate on how to proceed with the long…
Rolls Royce Sells Energy Gas Turbine Business To Siemens
Britain's Rolls-Royce Plc said it would sell its energy gas turbine and compressor business to German conglomerate Siemens AG for 785 million pounds($1.33 billion).
Singapore Dredging at Pioneer Shipyard
Dredging works are underway at the Pioneer Shipyard off the West Jurong Channel Singpore and will continue until 31 July. According to the Maritime and Port Authority…
World's largest inland port selects KONGSBERG Multibeam Echo sounder
Port of Duisburg, World's largest inland port today selected KONGSBERG Multibeam Echo sounder as part of the upgradation of their survey capability which presently uses a single beam echosounder.
Major Development For Fishing Industry at Lerwick Harbor
The fishing industry will be the main beneficiary of the next major project in the continuing development of Lerwick Harbor where the construction of a large new…
