Inchcape Shipping Services (ISS) is advising that planned strike action by customs staff at the Port of Necochea, Argentina, has been lifted and suspended for 15 days.The ‘pen down’ strike was scheduled to take place on the following dates: July 10…
Videotel, the leading international provider of e-Learning maritime training solutions and a company of KVH Industries, Inc., has received the approval of the Norwegian Maritime Authority (NMA) for its security training courses.Videotel’s “Maritime Security Awareness…
ClassNK has released PrimeShip-HULL (HCSR) Ver. 2.5.0 in response to the new IACS Common Structural Rules for Bulk Carriers and Oil Tankers (CSR BC & OT). CSR BC & OT, which harmonizes requirements found in both existing Common Structural Rules for bulk carriers and double hull oil tankers…
Singapore-listed Vallianz Holdings has won a contract worth up to US$300 million (S$405.51 million) to supply two self-elevating platforms to a large national oil company in the Middle East. The contract from one of the world’s largest…
The Indian Navy will soon invite tenders for building six conventional submarines after a high-level committee of the Defence Ministry submitted its report identifying shipyards capable of executing the about $10.1 billion project. Besides the state-run shipyards…
A cargo ship carrying thousands of livestock was sailing from Somalia to the United Arab Emirates when it encountered high waves and strong winds and sank off the coast of Gulf of Aden. All animals are perishing and two of the 29 crew still missing…
2GO Group, Inc. plans to boost profit by a quarter this year amid a sanguine outlook on its logistics, distribution, and express courier businesses, a company official said. The company has set a P1.1-billion ($0.04billion) net income target this year…
Norway’s Ocean Yield ASA has agreed to acquire four 115,000 dwt LR2 product tankers which are currently on order from Navig8 Product Tankers at Sungdong Shipbuilding in Korea. Ocean Yield has agreed to acquire the product tankers for a total consideration of USD 198…
Royal Bank of Scotland Group PLC is winding down its Greek operation and is looking to sell its USD5 billion shipping loans portfolio, Reuters reported on Saturday. Citing finance sources familiar with the plans, Reuters said the move was…
Japanese Astomos Energy Corp. has announced that it has signed a cooperation agreement with ENEOS Globe Corp. aimed at merging the two companies' gas fleets, thereby creating a new giant in the booming tanker market. The two partners will…
Marine safety in the Torres Strait and Northern Peninsula area is getting a boost with the donation of 1,400 children’s lifejackets as part of the Torres Strait Marine Safety Program (TSMSP) School Based Maritime Safety Education Project…
The U.S. Court of Appeals for the Federal Circuit recently affirmed the 2014 judgment that ION Geophysical Corp. infringed four seminal WesternGeco LLP patents covering streamer steering technology for marine seismic surveys, and that WesternGeco…
Krishnapatnam Port, recognized as one of India’s largest ports and ranked amongst world’s finest ports connecting the Eastern & Western parts of the world, has been bestowed with the Golden Peacock Environment Management Award. The prestigious award…
India's top government committee has selected five Indian shipyards to compete for an Rs 64,000-crore ($10.1 Bln) project to build high-tech submarines for the navy. The Indian Navy will soon invite tenders for building six conventional…
Indian Navy's stealth frigate INS Teg is on a two-month long deployment in the South Indian Ocean to provide surveillance support in the region, a Government of India Ministry of Defence official statement said. It will also be patrolling the Mauritian exclusive economic zone…