Shipping company Baleària and Shipyard Construcciones Navales del Norte – LaNaval have reached this week an Agreement - expected to be firm in two months - for the construction of two natural gas propelled ferries around Euro 350 million…
Fox News and the Washington Free Beacon reported the presence of a top Russian spy ship off the coast of Kings Bay, Georgia and is capable of cutting undersea cables. The Pentagon responded to the media reports that it was closely being…
Huntington Ingalls has received a $109.4mln contract modification to carry out support services for the U.S. Navy’s nuclear submarines. The company will work to engineer, design, configure and update various classes of submarines, special mission submersible interfaces…
Russia’s second-biggest gas producer Novatek is selling a 9.9 percent stake worth an estimated US$1.4 billion in its Yamal liquefied natural gas (LNG) project to a China’s Silk Road infrastructure fund, reports Reuters. The deal, first discussed in August…
Luxury yacht manufacturer Palmer Johnson Yachts is closing its production facilities in Sturgeon Bay because of dwindling sales and competition from overseas. In a plant closing notice filed Wednesday with the Wisconsin Department of Workforce Development…
The planned changes to Australia’s shipping laws would cause a 93% loss of Australian seafaring jobs a new report says. More than nine in 10 domestic seafarers will lose their jobs if the Abbott government's plan to relax shipping regulations passes Parliament…
China has taken 'important step' in tackling ship-generated emissions. China is also developing Emission Control Areas (ECAs) in its major ports. China's Ministry of Transport (MoT) has formally unveiled its five-year working scheme that aims to reduce the country’s shipping emissions…
The government of India would soon build a major port at Colachel in the southernmost tip of Tamil Nadu at an estimated cost of $3.2 billion (Rs 21,000 crore), envisaged to emerge as a southern gateway of transshipment in the country, reports PTI…
CEOs Bob Long of Marine Concepts and Dusty McCoy of Brunswick honored with NMMA’s highest award for achievement The recreational boating industry will recognize two leaders this year with the National Marine Manufacturers Association’s (NMMA)…
Lars Sjöbring, Senior Vice President and General Counsel at Transocean Ltd., will be leaving the company, Transocean announced today.Sjöbring has agreed to aid in the search for a replacement, but will resign no later than December 31, 2015…
Port Canaveral announced that its CEO John Walsh has been elected to serve as Secretary-Treasurer on the Board of Directors of the 2015-2016 Florida Ports Council (FPC), a nonprofit corporation serving as the professional association for Florida’s 15 public seaports and their management…
The Busan Port Authority (BPA) announced Woo Ye-jong has been named as its new CEO, as appointed by the Korean Ministry of Oceans and Fisheries. Woo took office on July 31, 2015 and will serve for a three year term. He succeeds Lim Ki-tack…
Aquatic Engineering & Construction Ltd, an Acteon company, has appointed Martin Charles as group managing director. Charles replaces Aquatic’s former president, Chris Brooks, who has departed Aquatic after eight years. Charles joined Aquatic in 2014 as regional general manager…
K-Sim Navigation and K-Sim DP, Kongsberg Maritime’s latest generation ship-handling and Dynamic Positioning simulators have been chosen to further advance Tsakos Group’s capabilities at its newly established training center, the Maria Tsakos TCM Academy in Athens…
Accidents relating to entry into enclosed spaces have resulted in a large number of deaths of both ship and shore personnel so far this year. David Nichol, UK P&I Club risk assessor, reviews enclosed space incidents and his suggestions for safer working practices…