In a letter to unit holders First Lease Ship Trust (FSL Trust) chairman Wong Meng Heng comments on the Trust's 2012 financial report: excerpts as follows:'The industry witnessed another dismal year as weakness in freight rates and asset values persisted in 2012…
Abu Dhabi Ports Company (ADPC) has signed a MoU with Abu Dhabi Terminals (ADT) & several government agencies with the aim of speeding up port formalities.The MoU, signed on the sidelines of the recent World Ports and Trade Summit 2013 (WPTS)…
The Cambridge Academy of Transport's 4-day course aims to provide an overview of the whole shipping business from A to Z.Being an expert in one field is no longer enough – an awareness of the whole business is essential. Environmental issues impact economics…
The tankship 'Nord Integrity' took advantage of favourable winds & current to drift some 280 miles on passage to the loading port in order to save fuel.The 48,026 dwt tankship saved US$17,000 by shutting down the main engines and drifting…
DAMAC Properties continues its investment programme with plans to develop prime real estate in Dubai Maritime City.DAMAC’s plot of land on the sea-front at Dubai Maritime City will be home to a high-rise luxury tower of serviced hotel residences…
Naval Surface Warfare Center (NSWC) Carderock engineers released a new software that provides the government, industry and academia a standardized method of analyzing data that is expected to improve high-speed craft design. The Standard…
The Office of Naval Research (ONR) selected MECO to construct a new prototype advanced desalination system. This is the second time that ONR has turned to MECO, a producer of water purification plants, to provide a highly reliable and energy efficient solution…
HydroComp, Inc. added of Adam Kaplan to the staff in Durham, New Hampshire USA as Project Engineer. Adam will be the lead for development of new versions of PropExpert and PropCad software. He is also on the front-line of customer support to HydroComp’s worldwide users…
International Yacht Collection (IYC) added Susan Flammia to its Luxury Yacht Vacation Division.With yachting tenure that spans twenty years and broad experience in all aspects of the industry—both on land and at sea—Susan rejoins colleague…
Statoil (OSE:STL, NYSE:STO) published the group's Annual and Sustainability Report for 2012 on its website, 22 March, as well as its US Annual Report and accounts on Form 20-F.'During 2012, Statoil made good operational and strategic performance…
Incat Crowther announced that a 24m Catamaran Passenger Ferry under construction at Aluminium Marine in Brisbane, Australia has left the shed.This vessel is available for immediate sale, and can be customized to suit the operator’s requirements…
Beyond raising funds, President's Challenge champions the giving of time, knowledge and expertise to help the underprivileged - Keppel Corporation pledges 5,000 hours of community service and commits to mentoring social enterprises.President…
Crowley is a member of The Puerto Rico Maritime Alliance, which consists of representatives of U.S. flag carriers and labor unions constituting the US Merchant Marine. The Maritime Alliance of Puerto Rico (AMPR) has announced that the…
Euronav, report a trading loss of almost US$ 119-million after tax in year-ending 2012 report, expect oil transportation market to re-balance in 2013.Prospects for 2013 On the supply side, given the current state of the tanker market and…
Ferry operator Caledonian MacBrayne (CalMac) wins award for its support of trade union-led training in the workplace.The award, from Scottish Union Learning in the Highlands and Islands, was presented to the company at an awards dinner held…