Inmarsat together with Global Marine Networks and Network Innovations, today announced the successful trial and subsequent commercial order for Fleet Xpress in Antarctic waters. Fleet Xpress, installed on board the adventure cruise ship Ocean Nova…
GAC has reinforced its long-term commitment to the oil & gas industry with the addition of a Group Vendor Manager to its dedicated Oil & Gas team.Based at the Corporate HQ in Jebel Ali, Dubai, Madhu Vallur, oversees third party suppliers and agents GAC works with to support the sector…
China's biggest shipping line China Ocean Shipping Corporation (Coscocs) has revealed an ambitious plan to increase its container shipping capacity to hit a 2 million TEUs over the next three years, says China Daily. The company is raising…
The traffic developments through the Suez Canal showed the change in each type of transient and cargo ships, which gives an indication of the future of traffic in the canal, according to analysis conducted by Daily News Egypt. According to data…
Ports of Auckland Chief Executive Tony Gibson has announced a ‘solid’ half year result for the company, achieved despite a fall in volumes and revenue. The port produced an interim net profit of $31.6 million for the six months to December 31…
Singapore-listed Otto Marine has announced that its offshore shipyard has branched out to secure three new shipbuilding contracts worth $23m in total. New contracts came along with Group's efforts in diversifying and expanding product portfolio in a weak market…
Back in early 1999 the price of a 5 year old Panamax bulkcarrier dipped to $13.5m, and ever since analysts have hailed purchase decisions made at that time as some of the most lucrative shipping deals ever seen, says a report from Clarksons…
Offshore marine services provider PACC Offshore Services Holdings (POSH) has plunged into the red in 2015 due mainly to a huge impairment charge of $144.58m. The group reported yesterday a net loss of US$149.7 million (S$211 million) for the three months to Dec 31…
Qatar’s Gulf International Services (GIS), the leading service group, has announced that its subsidiary Gulf Drilling International (GDI) has signed a contract with Dolphin Energy for drilling rig services. The contract was signed by Mubarak A al-Hajri…
Authorities in Beijing plan to develop a network of ventilation 'corridors' to help tackle the city's notorious air pollution, China's state news agency Xinhua reported on Sunday.Construction in the zones, which will be created by connecting parks…
Off the coast of a nearly deserted island below the southern tip of Hong Kong, at least 10 massive ships that normally carry hundreds of thousands of tons of coal or iron ore lie idle near one of the world's busiest sea routes.These empty…
The captain of the doomed El Faro warned that the 'clock was ticking' as his cargo ship took on water in an Atlantic hurricane that would eventually sink the vessel, a U.S. Coast Guard panel heard on Saturday.Captain Michael Davidson pleaded for help as his ship…
The country's largest community of Mariners who had congregated for their Annual Meet yesterday under the banner of the Company of Master Mariners' of India (CMMI) extended their greatest honor to one of the founders, the 92-year old Capt Inderjit Singh…
The dry bulk shipping sector has been dashed upon the rocks of vessel oversupply and slowing economic growth. Not dry bulk shipping business is grappling with an unprecedented crisis of too many ships and not enough cargoes, says a report in WSJ…
According to Clarkson Research Services, the record pace of fleet growth over the last decade and weakening global demand outlook has left many of the major shipping segments facing severe oversupply. Demolition of older ships is one way…