The International Maritime Organisation (IMO) has dodged a decision on the setting of a new global target for reducing greenhouse gas emissions from international shipping, proposed by the Marshall Islands. The environmental lobby group…
Nippon Yusen Kabushiki Kaisha (NYK Line) has concluded time-charters for two new LNG carriers with Diamond Gas International, a Singapore affiliate of Mitsubishi Corporation. NYK also concluded a contract with MI LNG Company Limited for the construction of the LNG carriers…
China COSCO Holdings disassembled four vessels including two container vessels and two bulk carriers in April 2015, with the aggregate capacity of 261.8 thousand deadweight tons. The company realized losses from the disassembly of the vessels of approximately RMB59 million (USD9 million)…
South Korea's leading shipping line Hanjin Shipping Co has swung to the black in the first quarter from a year earlier thanks to lower fuel costs and better streamlined shipping routes. Net profit came to 22.91 billion won (US$21 million) in the January-March period…
Ancora Marina in Neustadt, Germany, took delivery of a new Marine Travelift 75 BFMII mobile boat hoist, Marine Travelift Inc. announced today. Ancora Marina is located on the Bay of Lübeck in Schleswig-Holstein, northeast of Hamburg and southeast of Kiel…
Despite industry gloom about the offshore market, orders for production floaters continue to flow. Over the past few weeks a speculatively-ordered FLNG found use off Africa, negotiations began to convert a third LNG carrier to an FLNG, an FSRU…
Maersk Line lost market share in container shipping in the first quarter, disappointing analysts who said A.P. Moller-Maersk's forecast-beating results on Wednesday had been helped by one-offs. While the world's largest container shipping…
Ulstein Group said it achieved a “good result” for 2014, with an operating turnover of NOK 2.7 billion compared to 2013’s NOK 2.3 billion. Meanwhile, the group’s operating profit of NOK 184.1 million comes in under the NOK 317.8 million operating profit for 2013…
Barillec informs it has chosen the Electric & Hybrid Marine Expo to unveil its new identity and to present its “Marine Apps”. The show will be held in Amsterdam, The Netherlands, from June 23-25. Barillec develops marine applications based…
Capt. Shawn Brule, who retired from the U.S. Coast Guard last August after 22 years of service, is the new owner of TowBoatUS Cape Cod, an on water towing and assistance service for recreational boaters. “I’ve always known I would own a boat towing company at some point in my life…
The London P&I Club says a recent claims incident resulting in the deaths of two crew members on board a bulk carrier loaded with coal underlines the importance of proper crew training and awareness in relation to the dangers associated with entry into harmful hold atmospheres…
Juliet Marine Systems (JMS) announced that Justin Manley has joined the company as Vice President of Business Development and Marketing. Manley brings over 20 years of experience in the marine technology sector including roles at Massachusetts…
Heading up Wilhelmsen Ships Service’s (WSS) ships agency sales team in China, Emilia Shao brings both industry experience and an eclectic academic background to one of the company’s largest agency markets. Located in Shanghai, Shao will…
Marking 50 years since the delivery of its first azimuth thruster, Rolls-Royce held an event in Rauma, Finland to celebrate the occasion. Azimuthing thrusters, which today are one of Rolls-Royce’s most successful marine products, rotate through 360 degrees…
In an initiative to raise awareness of potential hazards at sea, The Standard Club and the International Chamber of Shipping (ICS) have joined forces to launch a ‘Spot the Hazard’ competition open to any seafarer worldwide. With $10,000 of prize money…