Modest Infrastructure Company's Bhavnagar shipyard has built a cutting-edge tankship for an Italian client.According to Mehul Patel, director (project and operations), the new 3,300 dwt ship, built in a span of 20 months, can be operated with just three crew members…
Growth in shipping earnings & rebound by maritime services segment lift operating profit in second quarter 2012.Operating profit for the second quarter was USD 139 million (USD 71 million), an increase of 94% compared with the second quarter of 2011 and up 31% from the first quarter of 2012…
The 20-day old nationwide Health Authorities strike continues to cause delays, other civil servants join forces with strikers.On average, based on the current nationwide scenario, a free pratique certificate takes a minimum of 48 hours to be released at any Brazilian Port…
Six shipping carriers have become the inaugural participants in the Port of Los Angeles Environmental Ship Index (ESI).The ESI is an international clean air program that rewards ocean carriers for bringing their newest and cleanest vessels to the Port…
Singapore's Neptune Orient Lines (NOL) Group reports US$57 million Year-on-Year improvement in Core EBIT.Excerpts from the financial report follow:NOL Group report second quarter 2012 Core EBIT (Earnings Before Interest and Taxes) of US$16 million…
The Drewry Hong Kong-Los Angeles container rate benchmark, soared by 17.5% to US$2,452 per 40ft container this week.Last week’s Drewry transpacific price benchmark dated 1st August increased by just $71 per 40ft container from levels in the previous week…
Aberdeen Harbour records significant North Sea energy sector traffic increase in first half 2012.Continued growth in the oil and gas sector was reflected in the increase in support vessels that used the port over the first six months of the year – up nine per cent from 2…
Inchcape Shipping Services appoints new General Manager for Brazil, Capt. Mariano Martinoia. Capt. Martinoia will be based in Rio de Janeiro, at the company’s head office for Brazil. He will be responsible for managing ISS’ nine Brazilian offices which cover all the country’s ports…
ASA and NAMEPA announce marine sciences project awards competition for high schools, colleges, and academies. The Education Committees of the American Salvage Association (ASA) together with the North American Marine Environmental Protection…
Merchant Marine Personnel Advisory Committee to meet on September 11, 2012 at USCG Headquarters. AGENCY: Coast Guard, DHS. ACTION: Notice of Federal Advisory Committee Meeting. SUMMARY: The Merchant Marine Personnel Advisory Committee (MERPAC) will meet in Washington…
Sembcorp Marine secures US$ 4.032 Billion drillship contracts from Sete Brasil.Sembcorp Marine Ltd, through Jurong Offshore Pte Ltd’s wholly-owned subsidiarieshas secured contracts from Sete Brasil Participacǒes S.A. (Sete Brasil), for the…
McDermott awarded Gulf of Mexico Spar hull installation contract for Williams Partners.McDermott International, Inc. announce that one of its subsidiaries has been awarded a contract by Williams Partners L.P. for transportation and installation services for a Spar hull in the Gulf of Mexico…
Spanisch shipyard Navantia uses Paramarine Advance Marine Design Software for naval ship & submarine design.Paramarine software, developed by QinetiQ GRC, is being used by Navantia to support the development of both new naval surface ships and submarines…
Wakefield Research nationwide survey reveals generational divide over relaxation habits.The 2012 Princess Cruises Relaxation Report, commissioned in celebration of National Relaxation Day on Aug. 15, revealed that Boomers and their adult children's…
Naval Surface Warfare Center (NSWC) Carderock Division researchers complete testing of bulb bows for DDG 51-class.Partnering with Program Executive Office (PEO) Ships and the Naval Sea Systems Command (NAVSEA) Fleet Readiness Research and Development Program…