Maritime Industry Top News
Report Claims Profits Held Above Safety
The number of accidents at sea is rising because fishermen and merchant shippers put profit above safety, a report by the British marine accident investigation branch said.
Kvaerner Wins $27M Statoil Contract
Kvaerner ASA won a $27 million contract from Statoil to upgrade its Norwegian offshore installations. Kvaerner's contract for work on Statoil's Sleipner Vest field…
EU Passes Ban On Single Hull Tankers
The European Union passed legislation to ban all single-hull oil tankers from its waters by 2015, in line with an international agreement to phase-out the ships, considered an environmental hazard.
LR Report: 75 New LNG Ships for the U.S.
Lloyd's Register (LR) released the results of its extensive research into the LNG market. Talking at the LNG conference The role of LNG in North American and Caribbean gas supply in Washington D.C.…
Cruise Ship To Host E8 Leaders
A luxury liner called "The European Vision" which will act as a floating hotel for leaders of the world's top industrialized nations next month docked in Genoa on Wednesday.
Panamax Rates Hold Steady
Freight rates in the Atlantic Panamax sector held steady on Wednesday amid signs that recent rises may be stalling, brokers said. "The Atlantic is holding up well…
HBG, Ballast Nedam Combine Dredging Ops
Dutch construction firms Hollandsche Beton Groep (HBG) and Ballast Nedam signed a contract to merge their dredging operations. The joint operation, Ballast HAM Dredging…
Pirates Thwarted By Naval Forces
A complex anti-piracy operation involving the resources of three nations ended on Wednesday as Indonesian naval forces stormed the Singaporean tanker Selayang to…
Management Buyout Proposed For Cammell Laird Yard
Cammell Laird Plc has axed another 146 jobs in the U.K., but a proposed management buyout of one of its yards held out the prospect on Wednesday of saving hundreds more.
Bulker Blocks Brazil Entrance
The Hong Kong-flag bulker Dyna Gemini was blocking shipping at Sepetiba, Brazil, after running aground in the middle of the access/exit channel, Reuters reported.
Stolt-Nielsen Opens New Office
Last week the Stolt-Nielsen Transportation Group (SNTG) opened a new office in the Rotterdam port area. Some time ago SNTG announced the concentration of its European activities in Rotterdam.
NedCargo Opens St. Petersburg Office
NedCargo, the European platform for container transport, opens an office in St. Petersburg. The company signals a rising volume on Russia and in general considers the Russian market as promising.
Coflexip Stena Offshore Makes Management Changes
Pierre Marie Valentin, Chairman and Chief Executive Officer of Coflexip announced that the management structure of the CSO Group has been changed to reinforce its…
FGH Announces Rig Work
Friede Goldman Offshore, Inc., the rig segment of Friede Goldman Halter, Inc. announced that Noble Drilling (U.S.) Inc. has scheduled the Noble Amos Runner for repair…
Famine Ship Still Stuck In Ireland
Plans to sail a replica of an Irish famine-era ship across the Atlantic have been abandoned for the second year running because the vessel is still not seaworthy.
DoD To Starts Newport News Shipbuilding Bid Review
Competing bids for Newport News Shipbuilding Inc. remain under review by the Defense Department and a final recommendation is several weeks away. General Dynamics Corp.
Asian Tanker Rates Drop
Asian tanker rates started heading downhill this week after two months of stability, Singapore brokers said. "It's softened quite a bit since last week," said one…
Taiwan Searches For Chinese Sailors
Taiwan on Tuesday searched on for 10 Chinese crew members of a Belize-registered vessel that went missing off the island's southern coast during a killer typhoon…
Bulk Shipping Alliance Close To Start-Up
A Capesize bulk shipping alliance involving three of the sector's biggest fleets may be launched within a month, according to one key player, Greece's Angelicoussis Group.
Japan Chides SE Asia Regarding Piracy
A Japanese maritime safety expert chided Southeast Asian countries on Tuesday for failing to cooperate fully in the fight against pirate attacks in their waters.
