HIGHLIGHTS:• Revenue rose 9.3% to $26.1 million despite loss of bareboat charter revenue from three chemical tankers leased to BLT• Revenue contribution from chemical tankers to be deployed in the ‘Nordic Siva’ pool and product tanker to…
Statutory Alert: MARPOL Annex VI – a reminder of the entry into effect of the North American ECA-SOx.Applicabilty: All shipowners and operators: The North American Emission Control Area for SOx and particulate matter (ECA-SOx) enters into effect on 1 August…
US Department of Labor's OSHA settles whistleblower case against New Orleans-based riverboat company; Agency found employee was illegally terminated under Seaman's Protection Act. The U.S. Department of Labor has entered into a settlement agreement with St…
Sea piracy drops 28% worldwide in first quarterSea piracy worldwide dropped 28 percent in the first quarter of the year as attacks fell sharply in Somalia’s waters thanks to international naval patrols. Pirate attacks intensified, however…
Navy Secretary Ray Mabus sat down with Navy Times to share his vision for the future of the Navy as he begins his fourth year on the job.Strategic shift to the PacificQ. Is there anything about the Navy you would like to discuss, anything right off the bat…
The end of the Great Lakes dredging crisis took a step closer to reality last week when the U.S. House of Representatives passed H.R. 4348 and included a provision that could lead to substantially increased Great Lakes dredging funding. The…
From the Navy News Service: 1918 - USS Stewart (DD 13) destroys German submarine off France. 1934 - In the first Navy movement through the Panama Canal, more than 100 ships transited. 1945 - In only U.S. use of guided missiles in World War II…
GAC Bunker Fuels, part of global shipping, logistics and marine services provider GAC, has announced the appointment of Maurice Lara as its Bunker Manager for East Coast USA.He is based in Norwalk, Connecticut and accountable to Nicholas Browne…
Coast Guard Commandant Adm. Bob Papp underwent surgery to treat early stage prostate cancer at Walter Reed National Military Medical Center in Bethesda, Md., Monday, after it was diagnosed in a proactive health screening. The Coast Guard’s…
JACCAR Holdings has helped to build Sinopacific Offshore and Engineering (SOE) into one of China’s leading providers of LPG/LEG vessels, offshore cranes, and offshore production, through its 25% share in the company. JACCAR Holdings has sold its shares to Pearlfine Ocean Worldwide…
Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS) signed a binding heads of agreement with Tongling Nonferrous Metals Group Co. Ltd ('Tongling') for the sale of the product extracted from the Company's Solwara 1 deposit located in the Bismarck Sea, Papua New Guinea ('PNG')…
The Jotron Group today announces that it will merge their Norwegian companies; Jotron AS, Jotron Phontech AS and Jotron SatCom AS. The name of the new company will be Jotron AS. Kongsberg Maritime has, as previously announced by the 2 companies in March 2012…
Stork Technical Services continues subsea investment to meet growing global demand. Stork Technical Services Subsea, the subsea division of the leading global provider of knowledge-based asset integrity management services for the oil and gas…
VSTEP delivers crane simulator for EMO, the largest transshipment terminal for coal and iron ore in Western Europe.For EMO, the largest transshipment terminal for coal and iron ore in Western Europe, VSTEP created a crane simulator for preparation…
iCargo, the pan-European cargo and logistics project part funded by the EU, has formally launched its three and a half year framework program. The project, formally titled “Intelligent Cargo in Efficient and Sustainable Global Logistics Operations” includes research…