The Suez Canal Authority (SCA) raises toll fees by 5% for oil tankers & petrochemical products, 2% for container ships & car carriers effective 1, May 2013.News of the latest rise in tolls follows last year's SCA increase of a 3% rise for all ships passing through the canal…
Iron ore exports start up at Long Beach: Western U.S. mines supply the raw material for shipment to Asia.Officials gathered dockside to celebrate the exporting of iron ore from the Port of Long Beach – a promising new line of business developed by SA Recycling…
Release of 'MV Leopard' crew hostages by Somali pirates, prompts Denmark researchers 'RiskIntelligence' to give general ransom & pirate 'investment' insights.Economic terminology such as “market” is used in the below to describe the criminal activities of hijacking and ransom…
Jeppesen agrees with Indonesian Navy Hydrographic Office to distribute Electronic Navigation Charts (ENC) for Indonesia including Straits of Malacca.With the completion of this agreement, Jeppesen says it will provide the worldwide commercial…
Mitsui O.S.K. Lines, Ltd. released its FY 2012 financial results.The full report can be viewed here.www.mol.co.jp
Smit Lamnalco passed a milestone in Oman after celebrating 14‐years of continuous marine and offshore support services with no Lost Time Incident (LTI).The 5,100 day record covers support to Single Point Mooring operations 10 km off Muscat Cove for the Petroleum Development of Oman (PDO)…
KPI Bridge Oil, a global broker and trader in marine bunkers, marine lubricants and risk management products, appointed Rob Atkinson as Vice CEO for the group and Jesper Rasmussen as Managing Director for its North American operations.Rob…
The Ferguson Group, specialists in the rental of DNV 2.7-1/EN12079 certified containers, tanks, baskets, refrigeration containers, accommodation and engineering modules to the offshore energy sector, will partner with Alpha Logistics Services (EPZ) Ltd…
Thome Group announced the appointment of Allinger Lim Eng Oon as Senior Manager, Operations Finance.Ms. Lim is based in Singapore and is responsible for all aspects of finance, controlling and accounting for vessels under management within…
ABB Turbocharging to attend upcoming 27th CIMAC World Congress on Combustion Engine Technology in Shangai, China.The World Congress, from 13-16, May 2013, is held once every three years and constitutes CIMAC’s major, most forward-looking, influential event…
The National Shipping Company of Saudi Arabia (Bahri) receive the 'Bahri Hofuf' from the South Korean shipyard Hyundai Mipo.The new 26,000 dwt general cargo ship is the second vessel delivered from the six vessels that were contracted by the…
Siem Offshore contracts Remontowa Shipbuilding S.A. of Poland to construct a dynamically positioned Cable Lay Vessel (CLV).The associated gross project cost for the first vessel, scheduled for April 2015 and ready for operation, is approx…
Japan's Imabari Shipbuilding Co., Ltd. introduce a new class of 33,000 dwt bulk carrier designated 'IS' TRI-STAR.The shipbuilders say that its share of the handy-size bulk carrier market is ranked among the highest in the world. Since 2010…
Pearl Sea Cruises' 'Pearl Mist', now in final outfitting, will cruise the Great Lakes/St. Lawrence Seaway, Canadian Maritimes & New England in 2014,The brand-new, 210 passenger capacity Pearl Mist has arrived in Maryland for final outfitting before going into service in 2014…
One of MAN Diesel & Turbo’s oldest licensees, Mitsui, hosts a demonstration of the ME-GI marine diesel engine at its Tamono works.A large assembly of guests attended the demonstration and the following reception where, among others, MAN Diesel & Turbo’s Dr…