Ports America Refocuses, Oakland Lease Goes
Ports America, the largest stevedore and terminal operating company in the United States, is refocusing its business strategies on the West Coast through additional…
World Maritime Day Theme Launched
The critical link between shipping and global society is the main focus for this year’s World Maritime Day theme: "Shipping: indispensable to the world". The theme…
NYK Fixes Charter for Wood-chip Carrier
NYK has concluded a long-term contract with Hokuetsu Kishu Paper Co. Ltd. for a new wood-chip carrier to be built by Oshima Shipbuilding Co. Ltd. and delivered in 2018.
PC Maritime ECDIS for 39 OSG Tankers
PC Maritime has secured a contract to supply, install and commission dual Navmaster ECDIS on 39 tankers owned by Overseas Shipholding Group (OSG) and managed by V.Ships UK.
Wärtsilä to Upgrade Residential Ship "The World"
"The World", the largest, private, residential ship on the seas, will be retrofitted with a Wärtsilä Advanced Wastewater treatment system and a Wärtsilä Nacos Platinum…
Cosco’s Offer for Piraeus Port Due
Cosco Pacific is expected to submit an improved bid for the controlling stake in Piraeus Port Authority (OLP) on Wednesday that is set to be discussed at the board…
European Shipowners Welcome EP TiSA Recommendations
European shipowners welcome the European Parliament’s INTA Committee recommendations to the European Commission on the ongoing negotiations of the Trade in Services…
Outlook for Listed Dry Bulk Companies in 2016
Investors suffered massive wealth erosion in 2015, as share prices of dry bulk companies kept tumbling during the year, says Drewry Maritime Equity Research (DMER).
Offshore Service Craft in Focus
Defining “industrial personnel”, such as workers transported on offshore service vessels, is among the topics on the agenda of International Maritime Organization…
CMA CGM Announces NEFGUI and North Brazil Feeder to Call at Vila Do Conde
CMA CGM announces its customers that in a continuous effort to improve its services, NEFGUI and NORTH BRAZIL FEEDER will now be calling at Vila Do Conde in replacement of Belem.
Saudi KAP Ends 2015 with Stellar Feats
King Abdullah Port (KAP), the first privately developed and managed port in the Saudi Kingdom and the region, has announced the port’s success in handling 1,307…
Indonesian Shipyard Launches Frigate
The first of two SIGMA 10514 Perusak Kawal Rudal (PKR) guided-missile frigates under construction for the Indonesian Navy (TNI AL) has been launched by PT PAL’s Surabaya Shipyard.
Another Z-drive Towboat from Master Marine
In December, Marquette Transportation Co. took delivery of a new 2,000-hp Z-drive towboat from Master Marine, Inc., Bayou La Batre, Ala. The 78'x 34’x11' St. John was designed by Entech & Associates, for Marquette’s Gulf-Inland division, based in Harahan, La. The steel-hulled St. John is powered by a pair of Thompson Power Systems Caterpillar C32 Tier 3 1,000-hp engines at 1,800 rpm connected to ZF Marine ZF AT 5111WM-FP Z-drives with 1,650 mm (65") 4-bladed propellers in nozzles.
BWM Convention Falls Short on Tonnage
Following the spate of ratifications in November 2015 of the BWM Convention, the International Maritime Organization (IMO) and partner IHS Maritime & Trade have been engaged in a process to verify tonnage figures to ascertain whether or not the convention’s final entry-into-force requirement has been met. Although that process is not yet complete, and will continue for up to three more weeks, IMO is…
Subsea Global Solutions Opens Texas Office
Subsea Global Solutions (SGS), an underwater repair, maintenance and marine solutions provider for the global marine industry, today announced that the company has…
RINA to Start Classifying Iranian Ships in Weeks
Italy's RINA expects to start verifying safety and environmental standards for Iranian ships including oil tankers in a matter of weeks, the classification society said…
Statoil Goes Ahead with Arctic Field after Halving Costs
Norwegian oil major Statoil plans to develop its Arctic Johan Castberg oilfield after having cut costs by half, with a decision on investments in 2017, its chief executive said on Tuesday. Worried by high costs of operating in the remote Arctic Barents Sea, the Norwegian oil major last year delayed a final investment decision for Castberg, one of the world's northernmost oil finds. "The investment…
Eastern, Harvey Gulf Launch MV Harvey Stone
Eastern Shipbuilding Group, Inc. announced the launch of the M/V Harvey Stone (Hull 234) on December 18, 2015 for Harvey Gulf International Marine, LLC of New Orleans. The Harvey Stone is a Rampage 6400 multipurpose field support vessel (MPFSV), designed by Robert Allan, LTD of Vancouver, B.C. The launching event was held at Eastern’s Allanton facility with hundreds of Eastern employees, several representatives from Harvey Gulf and guests in attendance.
Curtiss-Wright, Geospectrum Technologies Collaborate
Press Release -- Curtiss-Wright’s Defense Solutions division has announced that its INDAL business unit is collaborating with GeoSpectrum Technologies to develop a new compact and lightweight sonar system designed for the smaller surface ships and Unmanned Surface Vehicle (USV) markets. The TRAPS (Towed Reelable Active Passive Sonar) system will deliver a unique, high-performance Antisubmarine Warfare (ASW) solution to the undersea warfare marketplace.
Insurer Caution to Slow Oil Tanker Market's Return to Iran
Foreign oil tanker owners are expected to make a slow return to Iran despite the lifting of many sanctions as insurers tread carefully, leaving shipping players…
