Schaefer Ventilation Equipment of Sauk Rapids, MN announces the acquisition of the assets of the industrial fan business of Americ Corporation, Elk Grove Village, Illinois, and effective April 4, 2012.Schaefer Ventilation designs, manufactures…
MOL Liner Ltd. (MOL) announced a new service to expedite cargo moving from major Asian ports to key destinations on the U.S. East Coast, via the Suez Canal. From 2 June, the “SVS” (South China/Vietnam – the US South East Coast) service will be jointly operated by MOL and Evergreen…
'Panos Earth' has been anchored in South Africa's False Bay for 7 weeks without electrical power & the crew wants to go homeThe Panos Earth, 75,864 dwt bulk carrier needs $500 000 (R3.6 million) to repair her generators but squabbles with…
Operators Dynacom Tanker Management report their motor tanker 'Smyrni' hijacked by pirates in the Arabian SeaAt approximately 1115 UTC on 10 May, 2012, an oil tanker managed by Dynacom Tankers Management Ltd. was reported hijacked while it was transiting the Arabian Sea…
The European Maritime Safety Agency (EMSA) to forward its final report on damage stability to IMO sub-committeeShip safety standards are developed and set, at the international level, by the International Maritime Organization (IMO). They…
The Partners in Preservation program is encouraging readers to vote through May 21, 2012, to support several key historic maritime places in and around New York. Maritime sites under consideration for funding include:- The Intrepid Sea…
MOL announced a new service to transport cargo from major Asian ports to key destinations on the U.S. East coast, via the Suez Canal. The service is a direct result of MOL’s ongoing efforts to develop products with competitive transit times and industry-leading on-time performance…
State-owned freight and logistics group Transnet’s Market Demand Strategy (MDS), that forms part of the R300 billion capital investment programme over seven years was announced in March this year. This strategy will have a massive impact on…
The UK P&I Club (the Club), one of the oldest shipping protection and indemnity insurance mutuals, announces its results for the year ended February 20, 2012. Highlights• Combined ratio 97% for 2012 financial year• Surplus…
International environmental regulations for the shipping industry are being tightened and demand a reduction of the emissions of sulphur and nitrous oxides. In order to fulfill these demands, many of which come from the UN’s International Maritime Organization (IMO)…
Bayonne Dry Dock and Repair Corporation President Michael Cranston held a press conference on Tuesday, May 8, 2012, on the top side of Bayonne Dry Dock, to highlight the economic and environmental punch of the dry docking business on the Port…
The largest tugboat race in the world, the 27th Annual U.S. Oil & Refining Seattle Tugboat Race Championships, runs from noon to 3 p.m on Saturday May 12th 2012. More than 30 boats will participate in the races, which start at the Grain Terminal…
On May 10, 2012 AVEVA (LSE:AVV) announced the release of an exciting new software product family for the marine and EPC market, AVEVA Enterprise Resource Management. Comprising the products AVEVA Material, AVEVA Planning and AVEVA Production…
Despite the persistently challenging environment in the industry, Hapag-Lloyd increased its transport volume and revenue in the first quarter of 2012. The average freight rate was $1,484/TEU in Q1, down around 5% on the previous year’s figure of $ 1…
In New Delhi the Supreme Court bans the old Exxon Valdez from entry & scrapping until decontaminatedThe ship, now known as the 'Oriental Nicety,' entered Indian waters last week and was headed for Gujarat, when the Supreme Court gave its order…
