China Shipbuilding Industry Corp (CSIC) says it has had advanced talks with a European shipbuilder so far.Despite the travails of the lack of orders at home one of China’s shipbuilding majors is looking at taking advantage of the downturn…
Hapag-Lloyd substantially increases rate, revenue & result in a successful Q2 2012 turn-around.Following a seasonally weak first quarter, Hapag-Lloyd achieved a turnaround in the second quarter of 2012, improving its result by more thanEUR 125 million compared to Q1…
Odyssey Marine Exploration Inc. report their progress on work on 'SS Gairsoppa' & 'HMS Victory'.The chartered vessel working on the SS Gairsoppa project, the Seabed Worker, will make a scheduled port call in Cork, Ireland, beginning August 15…
Danish shipper and oil group A.P. Moller-Maersk expects to do better this year than last despite a 2 percent drop in Q2 2012 earnings.Extracts from the interim financial report for the 2nd quarter 2012:“We deliver a fairly satisfactory result for the second quarter…
Tritech offers a 360° real-time anchor-chain & riser integrity system for Floating Production Storage & Offloading Units (FPSOs).A field-proven technology, RAMS™ offers continuous monitoring of the presence, integrity and position of mooring…
Laysky Shipyard in Archangel, Russia, launches the 'Iskander' tugboat for delivery to Ecotek-Bunker after sea trials.The new tugboat will transport barges laden with coal, firewood, construction materials to remote areas of the Arkhangelsk region: Mezen…
EU Naval Force Somalia (EU NAVFOR) Operation Atalanta & NATO disrupt 2 pirated dhows in the Gulf of Aden & free hostage crew.A suspicious dhow, reportedly pirated in Bosaso – Somalia, was located off the coast of Oman by the Spanish EU NAVFOR Maritime Patrol and Reconnaissance Aircraft (MPRA)…
Construction of a chain of rescue centers on the shores of the Northern Sea Route has already started. Russia is upgrading infrastructure along the Northern Sea Route. Three large and seven smaller emergency centers will be built from Murmansk in the West to Chukotka in the East…
A surplus of tankships seeking Persian Gulf cargoes curbs earlier charter rate increases.There are 20 percent more very large crude carriers for hire over the next 30 days than there are cargoes, according to the median estimate of seven shipbrokers and owners (TANKER) surveyed by Bloomberg News…
Kongsberg Maritime awarded two contracts by SMD to supply cameras for subsea trenching & mining vehicles.The first contract is for cameras and accessories for a new generation high powered deep water Trencher, recently delivered and currently undergoing sea trials…
Singapore-based offshore energy group Swiber Holdings issues its Q2 & HY 2012 financial report.Swiber Holdings provide offshore construction, offshore marine, subsea & offshore development services.2Q 2012 highlights: Net Profit surges 66…
A Diamond Offshore Drilling subsidiary contracts with Jurong Shipyard, Singapore for a moored semi-submersible rig.Total cost for the project is expected to be approximately US$ 370-million, including commissioning, spares and project management…
Jensen Maritime, subsidiary of Crowley Maritime, opens an office in New Orleans giving to access U.S. Gulf, West and East Coasts.Seattle-based Jensen Maritime Consultants, Inc., is a naval architecture and marine engineering firm owned by Crowley Maritime Corporation…
Veson Nautical announce IMOS7, an update to its maritime business software.US-based Veson Nautical, founded in 1979, is a provider of maritime commercial management and trading software solutions.The new version delivers client-driven features…
STX Europe report increased operating revenues, but cruise & ferry sector showed lower than expected activity in Q2 2012.STX Europe achieved operating revenues of NOK 5 651 million in second quarter 2012, an increase of NOK 782 million compared…