Maritime Industry Top News
Man Rescued After Fall From Cruise Ship
An Arizona man who fell from a cruise liner off St. Thomas in the U.S. Virgin Islands was rescued after three hours in the water this weekend in what Coast Guard officials said was a lucky escape.
Thief Steals Lifeboat Crew's Keys, Whiskey
A British lifeboat crew was left high and dry after thieves stole the keys to their boat house and made off with the crew's whiskey. The theft at the Royal National…
South Korean January Ship Orders Increase
New orders received by South Korean shipbuilders in January totaled 1.06 million gt, up 164.7 percent from the same month a year earlier, provisional figures from…
Jamaican Cruise Port Development Steams Ahead
Managers of Jamaica's delayed Port Royal Development Project expect to begin construction by year-end on a cruise ship pier central to the restoration of the one…
Shipping And Offshore Beating The Market
While the All Share Index dropped 2.1 percent during January, maritime shares were the best performing sector at the Oslo Stock Exchange as the Shipping Index rose 3.6 percent.
France Wants Tighter Rules For Ships Near Europe
France plans to press for tougher maritime safety rules within a 200-mile radius of Europe, said Transport Minister Jean-Claude Gayssot, adding that he would like…
RINA Says Hull Crack Caused Erika's Doom
RINA, which passed the tanker that sank off France in December, said the vessel broke up as a result of cracking of its hull. An internal inquiry into the loss of…
As Gas Prices Fly Ever Higher, Why Do Energy Stocks Stay Grounded?
Energy shares drew little comfort Feb. 4 from rising oil prices lifted first by red hot heating oil, then gasoline soaring to nine-year highs. U.S. light crude for…
Gdynia To Take Stake in Finnish Yard
Poland's Gdynia Shipyard is likely to take up 20-25 percent of shares in the Finnish Kvaerner Masa-Yards, Gdynia's chief executive Janusz Szlanta said last week.
Singapore Yards Back on Track?
Singapore's two ship-repair yards, Keppel Hitachi Zosen Ltd. and SembCorp Marine Ltd., are expected to report modest profit growth after almost two years of restructuring and consolidation.
Erika Syndrome Hits Aframax Market
The Erika syndrome, by which charterers are seeking tankers younger than 20 years of age, shifted focus to the Atlantic Aframax markets, shipping brokers said. Two…
Bureau Veritas To Suggest Safety Rules To French Government
French ship classification society Bureau Veritas (BV) was to make three tanker safety proposals to the French government at a meeting last Thursday, proposals are…
Erika Captain: Tight Budgets Overrode Safety
The captain of the tanker Erika, which sank off France's west coast in December causing a huge oil spill, has said crews had to work to such tight budgets that safety…
Carnival, Wärtsilä Clearing The Air
As the world's cruise lines grow exponentially larger and are increasingly falling under the gaze of environmental and regulatory bodies, the push to ensure that ships are run safely…
Shell Announces Strong Results
Oil giant Royal Dutch/Shell Group announced record fourth quarter profits, after a more than twofold jump in oil prices and as the benefits of its restructuring program continued to show through.
French Hook-Up Eyes Intl. Navy Market
French defense electronics group Thomson-CSF will form a joint venture with naval shipbuilder DCN, reportedly to better positioning itself to compete internationally…
VLCC Scrapping Up
With intense international attention focused on older ships, many interested parties are waiting to see if the resultant pressure to utilize new tonnage will result in a scrapping/build boom.
Bulk Carriers Collide On Mississippi
The Panamanian bulk carrier El Flamenco and Liberian bulker China Spirit reportedly collided on the Mississippi River on February 4. The 70,046 dwt China Spirit was contacted by the El Flamenco (69…
Jamaican Cruise Port Development Steams Ahead
Managers of Jamaica's delayed Port Royal Development Project expect to begin construction by year-end on a cruise ship pier central to the restoration of the one…
Seacor Smit To Acquire Boston Putford
Seacor Smit has signed a letter of intent to acquire all of the issued share capital of Putford Enterprises Ltd. and associated companies. Boston Putford’s standby safety vessels (SBSV)…
