The Prime Minister Narendra Modi's 'Make in India’ initiative offers a plethora of opportunities in the maritime sector, particularly in shipbuilding, with the Shipping Ministry projecting a quantum jump in the volume of cargo and passengers moved through water transport…
MacGregor, part of Cargotec, has secured contracts to supply Pusnes bow loading systems for three newbuild shuttle tankers intended for operations in Brazilian waters. The order was booked into first quarter 2015 order intake. South Korean…
Steelhead Marine, a North American crane manufacturer, has expanded its product offering with the launch of the new E Series 1000 crane.Suited for commercial and recreational vessels, the E Series crane is available primarily in a 1,000-lb model with a 1…
Variable Bore Rams, Inc. (VBR), one of the largest original equipment manufacturer (OEM) ram and BOP component providers in the world, is celebrating its 35th year of providing exceptional support and service to blowout preventer operators…
The Georgia Ports Authority increased containerized cargo in March by 27.8 percent compared to the same month a year ago, for an additional 72,499 20-foot equivalent container units (TEUs). “We are moving record volumes while maintaining excellent service levels for our customers…
Chinese slowdown confirmed in Chinese and IMF data The Chinese economy grew by 7% y-o-y in the first quarter of 2015, according to National Bureau of Statistics in China. This is the weakest overall growth in six years. Growth during the quarter was strongest in the industrial sector (6…
Fugro has been contracted by the Netherlands Enterprise Agency, part of the Ministry of Economic Affairs, to execute the geotechnical site investigation and geological modelling of sites I and II of the future Borssele wind farm park. The 1…
The 32,000-ton Nord Explorer Cargo ship ran aground in the Delaware River around 4 a.m. Tuesday morning near the Riverton Yacht Club. No injuries or river pollution were reported by a spokeswoman from the U.S. Coast Guard. This is the second…
China has been allowed operation rights for 40 years at a port in Gwadar, a planned deep-water harbor in Pakistan. This move will give China access to Gulf countries, and the possibility of building a naval base on the Arabian Sea in future…
Unions at Dutch oil storage company Vopak said staff would begin a series of strikes at the company's terminals after talks aimed at securing improved employment conditions for 800 staff broke down on Tuesday afternoon. A union official…
Since February, freight rates on the three key container shipping lanes has left the erratic up and down movements behind only to slide week after week.On Friday April 10, 2015 the freight rate including ocean freight and surcharges, i…
The Saudi Arabian-led coalition of anti-Houthi forces attacking Yemen has tightened the blockade on Yemen's ports affecting shipping activity including the delivery and loading of oil and gas shipments. Ships are unlikely to be able to…
Qatar Navigation (Milaha) is in talks with United Arab Chemical Carriers Ltd. (UACC) in the United Arab Emirates (UAE) regarding a possible combination of their respective product and chemical tanker businesses. Currently Milaha operates…
The Port of Mariel, Cuba, aims to become the best choice transshipment in the region from the Panama Canal expansion. According to the Mariel terminal sources, 'The port has possibility to connect with everyone from the Panama Canal expansion'…
Hapag-Lloyd and the Shenzhen Port Green Convention have entered into an agreement to cut back on sulphur oxide while the company's vessels are docked at port. 'By joining the Shenzhen Port Green Convention, Hapag-Lloyd has demonstrated its commitment to environment…