Orient Overseas (International) Ltd recorded an almost 5% increase in profit for the full year 2015, despite the weakness in the container shipping market, thanks in part to yield and cost management efforts. Though the year started well for the Hong Kong corporate…
Finance Ministry Arun Jaitley in Union Budget for financial 2016-17 (Apr-Mar) has announced imposition of 14% service tax on services provided by domestic shipping companies transporting goods from outside India. “The service tax on services…
The Hong Kong Shipping Register has crossed of 100 million gross tonnage, informed the Secretary for Transport and Housing, Professor Anthony Cheung Bing-leung. To Hong Kong, it’s more than a vote of confidence, Anthony said. Hong Kong’s maritime tradition is almost two centuries old…
One sailor was killed and three others were injured after a fire broke out onboard India's soon to be decommissioned aircraft carrier INS Viraat in Goa. While the incident was quickly brought under control, four sailors who were present…
The Opposition Leader Matthew Guy says that critical laws to maximise the value of the lease of the Port of Melbourne are set to finally pass the state parliament this week, reports The Age. The Coalition has used their numbers in the upper…
The Philippines said on Saturday it had seized a North Korean freighter that was covered by harsher United Nations' sanctions against Pyongyang over its nuclear programme.Manila will also deport the vessel's 21 North Korean crew and will await a U…
Retired Master Chief Petty Officer of the Navy (MCPON) William 'Bill' H. Plackett died peacefully the evening of March 4. He was 78.Plackett became the sixth MCPON Oct. 1, 1985. He relieved Billy C. Sanders and held the job for three years before Duane R…
A joint research project carried out by Wärtsilä and City University London has succeeded in identifying the specific design parameters that create the risk of 'singing' propellers. Though rare, 'singing' is nevertheless an annoying problem…
Today, a team of eight students from West Side High School in Houston emerged victorious from the first annual High School Offshore and Technology Stars Challenge, which was co-hosted by the Bureau of Safety and Environmental Enforcement (BSEE)…
DP World has announced plans to build a new marina for luxury yachts at Port Rashid in Dubai. The project comes in response to an increased demand for luxury yachts. Tenders for construction will be invited soon. The first phase of the project is scheduled to open by 2018…
The Chinese ship recyclers are feeling the heat as falling scrap steel prices have eaten into their revenues during the past one year, says a report in China Daily. The increasing costs of adopting 'greener' vessel-breaking method also adds to the woes…
The U.S. Coast Guard’s “number one priority is the offshore patrol cutter,” the service’s commandant told the House Appropriations Homeland Security Subcommittee Thursday, reports U.S. Naval Institute. The service will be looking again at its force-mix analysis…
The U.S. Senate has unanimously passed bipartisan legislation to reauthorize the Pipeline and Hazardous Materials Safety Administration (PHMSA) through 2019, in addition to improving safety and oversight. The bill increases standards for pipeline workers operating near or in the Great Lakes…
Malaysia’s Bumi Armada Bhd intends to fully enforce its rights, including initiating legal proceedings against Woodside Energy Julimar Pty Ltd for purportedly terminating its charter contract of the Armada Claire Floating Production Storage and Offloading (FPSO) unit…
Hawaii charities received $1.2 million, Pacific Islands $500,000 mainland $400,000 Funded by the businesses of container shipper Matson, Inc., the Matson Foundation last year provided more than $2 million in cash and in-kind donations to…