A bright future is forecast for the LNG industry, as long-term gas demand drives major investment in global LNG facilities. A new report from energy business advisors, Douglas-Westwood (DW), predicts the Pacific basin will be the main contributor…
Container shipping line APL has announced a new fuel surcharge formula in the Trans-Pacific Trade that reflects the financial impact of slow-steaming, the industry-wide practice of reducing vessel speed to reduce fuel consumption, control costs and reduce emissions…
Another naming ceremony for two 13,100TEU container vessels being built for the Rickmers Group took place on 31 May at the Ulsan shipyard of Hyundai Heavy Industries. TAURO RICKMERS and LIBRA RICKMERS are the final two ships in an eight-ship…
The global tanker market is depressed, it appears that there is little hope that it will recover for at least two years, according to a panel of expert speaking yesterday at a MarineMoney event in New York City.“What a difference a year makes…
The International Maritime Organization (IMO) ‘Day of the Seafarer’ (June 25) is the opportunity for renewed efforts to safeguard the human rights of seafarers throughout the world and ensure that they are offered proper legal protection and support…
According to International Energy Agency (IEA) Executive Director Nobuo Tanaka, the 28 IEA member countries have agreed to release 60 million barrels of oil in the coming month in response to the ongoing disruption of oil supplies from Libya…
Fincantieri and Princess Cruises have chosen Consilium to outfit the new 141,000 GT under construction, Royal Princess, and her yet-to-be-named sister, with the safety system in compliance with the latest regulation 'Safe Return to Port'. The…
Ship cleaning firm BIS Services LLC (formerly known as Bertucci Industrial Services) welcomes its newest team member, Joseph A. Sanchez. Sanchez brings over 25 years of maritime knowledge to the company and was previously employed at Wilhemsen…
SpecTec has launched a new product within the AMOS Business Suite: AMOS Mobile, a handheld-device software providing the ability to record transactions remotely, and upload those transactions right into AMOS. AMOS Mobile users can record inventory updates…
The International Dynamic Positioning Operators Association (IDPOA) has announced the winners of the 2011 International Dynamic Positioning Excellence Awards. “The awards stand testimony to the skill, dedication, effort and commitment of people who strive to be the best…
According to Braemar, 2011 is already a record year for dry bulk carrier demolition. In Jan-May 2011, 13.6m Dwt of bulkers have been scrapped, including 7.1m Dwt of Capesize (over 120k Dwt) bulkers. If scrapping continues at this pace for the balance of 2011…
The VDMA (German Engineering Federation) has noted an upsurge in orders for German marine equipment and offshore suppliers, despite a six percent drop in sales in 2010.“We continue to be successful in world markets and have also found new customers in attractive niches in 2011…
On June 15, 2011, the EPS M10 Hovercraft was commissioned as the “Al-Wajh.” Hovercraft Al-Wajh is the first of two to be delivered by EPS Corporation of Tinton Falls, NJ, to the Kingdom of Saudi Arabia Ministry of Interior Border Guard. The…
OSX Brasil S.A., a Brazilian corporation engaged in the equipment and services sector for the offshore oil and gas industry, by means of integrated operations in shipbuilding, chartering of exploration and production (E&P) units, and operation and maintenance (O&M) services…
Transocean Ltd. (NYSE: RIG) (SIX: RIGN) announced the release of an internal investigation report on the causes of the April 20, 2010, Macondo well incident in the Gulf of Mexico. Following the incident, Transocean commissioned an internal investigation…