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MPA Launches Inaugural Maritime Youth Festival

Jul 18, 2016

Senior Minister of State, Prime Minister's Office, Ministry of Foreign Affairs & Ministry of Transport, Mrs Josephine Teo officially opened the inaugural Maritime Youth Festival (MYF).  Organised by Maritime and Port Authority of Singapore (MPA)…

South Korea Mulls LNG Bunkering Hub

Jul 18, 2016

A group of South Korean companies including shipbuilders have come together to establish an association dedicated to developing liquefied natural gas (LNG) bunkering facilities and infrastructures including LNG-fueled vessels, says a report in the Pulse…

Indian Ports Record 6.2% Growth in Cargo Traffic Last Q

Jul 18, 2016

According to the Ministry of Shipping in India, the 12 major ports in the country together handled 159.0 million tonnes of cargo in the first quarter of the current fiscal (April-June 2016-17), against a cargo traffic of 149.74 million tonnes in the similar quarter of the previous fiscal…

Slippery Orders in Ship Building

Jul 18, 2016

The situation of the shipyards in the world and in particular the struggles of the Korean shipbuilding industry has received a fair amount of attention in the shipping press, as well as in more general news outlets. Poten and Partners discusses…

Bahri Agrees with APICORP Launch $1.5B VLCCs Fund

Jul 17, 2016

National Shipping Company of Saudi Arabia (Bahri) said on Sunday it signed a deal with Arab Petroleum Investments Corp. (APICORP) to launch a $1.5 billion investment fund that could buy up to 15 very large crude carriers (VLCCs).The fund will be seeded with $500 million on three occasions…

Search on for Missing Diver in Shark River Inlet

Jul 17, 2016

The Coast Guard and local police are searching for a missing diver in the Shark River Inlet in the vicinity of Belmar, New Jersey.Watchstanders at Coast Guard Sector Delaware Bay were notified by the Belmar Police department that a 17-year…

BP Puts Tab for Gulf Disaster at $62 Bln

Jul 17, 2016

BP announced today that following significant progress in resolving outstanding claims arising from the 2010 Deepwater Horizon accident and oil spill, it can now reliably estimate all of its remaining material liabilities in connection with the incident…

NOIA Applauds Passage of House Interior Appropriations Bill

Jul 17, 2016

NOIA President Randall Luthi released the following statement after the House of Representatives passed the 2017 Interior and Environment Appropriations bill:“NOIA applauds members of the House of Representatives for passing the first Interior and Environment Appropriations bill since 2009…

Biden Visits Stennis

Jul 17, 2016

Vice President Joe Biden visited the Sailors aboard USS John C. Stennis (CVN 74) July 14, while the ship and John C. Stennis Strike Group (JCSSG) were participating in the Rim of the Pacific maritime exercise.The visit, which occurred just…

USCG Repatriate 33 Cuban Migrants

Jul 16, 2016

The crew of the Coast Guard Cutter Kathleen Moore repatriated 12 Cuban migrants Tuesday and another 21 Cuban migrants Friday to Bahia de Cabañas, Cuba.These repatriations are a result of four separate migrant interdictions at sea within the last week in the south Florida Straits…

WFW Advises Teekay on Major Financing Initiatives

Jul 16, 2016

International law firm Watson Farley & Williams LLP (“WFW”) advised long-standing client Teekay on the successful completion of financing initiatives for Teekay Corporation and Teekay Offshore Partners LLP (“TOO”).This included assisting…

Fathom to Focus on Student Education

Jul 16, 2016

Fathom is finalizing preparations for its July 17 Dominican Republic voyage representing the first ever cruise to the Caribbean focused on Science, Technology, Engineering and Math (STEM) programming. The 7-day cruise will feature specialized…

Tighe Takes Charge of Information Warfare, Naval Intelligence

Jul 16, 2016

Vice Adm. Jan Tighe assumed the duties of the Deputy Chief of Naval Operations (DCNO) for Information Warfare (N2N6) and Director of Naval Intelligence (DNI) July 15 at the Pentagon.Tighe succeeded Vice Adm. Ted N. 'Twig' Branch, who has…

Roll-Lift Appoints New Agent

Jul 16, 2016

Roll-Lift, the Heavy Lift Transportation Specialist based in The Netherlands has appointed Mr. Miguel Flórez de la Colina as their sole representative for clients based in Spain, Portugal and France for projects undertaken outside Europe.Miguel…

Japanese Shipbuilding Sliced

Jul 16, 2016

New ship orders placed at Japanese yards fell by 80% during H1 2016 compared to H1 2015, according to data from the Japan Ship Exporters' Association (JSEA).  According to ALIBRA Weekly Market Report , this is the worst decline since the autumn of 2008 in terms of gross tonnage…

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