Industrialist John Fredriksen is seeking investors to take larger stakes in his companies and could relinquish control of operations as part of a plan to reduce his workload, the Norwegian-born 75-year-old told two newspapers on Friday.It was…
The number of major incidents in the Port of Singapore has dropped over the last 10 years, with fewer than 0.12 major incidents per 100,000 vessel movements in 2018, down from 0.8 in 2009.Dr Lam Pin Min, Senior Minister of State for Transport and Health…
U.S. Transportation Secretary Announces New Members of U.S. Merchant Marine Academy Advisory Board.U.S. Transportation Secretary Elaine L. Chao today announced the appointment of seven new members to the United States Merchant Marine Academy (USMMA) Advisory Board…
PAO Sovcomflot (SCF Group), which serves the energy shipping and offshore services to the oil and gas industries, reported in the first half of 2019 revenues rose 16.6% ($828m vs. $710.1m), TCE revenue rose 19.1% ($609m vs. $511.3m) and EBITDA rose 42…
LTE/5G industrial wireless prepares terminals for a digital future.Having implemented successive waves of digital technology over the last few decades, most terminal operations in ports worldwide have a variety of wired and wireless network technologies ranging from UHF and VHF…
HaiSea Marine, a joint venture partnership between the Haisla First Nation and Seaspan ULC, today announced the signing of a contract award with LNG Canada to design, build and operate escort tugs and harbor tugs required for LNG Canada’s LNG export facility in Kitimat…
One appointment in the London office and two in Hong Kong.In a circular to Members of the American P&I Club, its Managers, Shipowners Claims Bureau, Inc. (SCB), have today announced that Arsinoi Iliokaftou has been appointed Claims Executive in London…
The owner and operator will pay a total criminal fine of $3,000,000.00.U.S. Attorney Gretchen Shappert for the District of the Virgin Islands announced that IONIAN SHIPPING & TRADING CORP., LILY SHIPPING LTD., STAMATIOS ALEKIDIS, ATHANASIOS…
On August 20, 2019, Dutra’s new Jones Act built Hydraulic Dump Scow ES15 was successfully launched, christened, commissioned and will finish sea trials and additional testing this week. Next week the ES15 will head to Massachusetts to to work on the Boston Harbor Deepening Project…
The Port of Tauranga, the largest port in New Zealand, reported profit after tax of more than $100 million for the first time.Group net profit was 6.7 per cent up on the previous year at $100.6 million, fulfilling previous earnings guidance…
Pacific Green Technologies Inc. (PGTK) (OTCQB: PGTK), owner of the ENVI-Marine and ENVI-Clean Exhaust Gas Scrubbing Systems, announced that Dr. Neil Carmichael retired s Chief Executive effective August 22, 2019, taking on the role of non-executive Director…
Silverstream Technologies, an air lubrication manufacturer for the shipping industry, signed a Memorandum of Understanding (MoU) with Hudong-Zhonghua, part of the CSSC Group, which will see the Silverstream System integrated into Hudong-Zhonghua’s…
The highest US crude oil exports to China in 11 months lifted total seaborne US crude oil exports to a record high at 11.9 million (m) tonnes in June 2019. Also contributing to the June record was South Korea, as exports to the other main Far Eastern buyer reached an all-time high volume of 2…
The Coast Guard Captain of the Port San Juan set Port Condition X-RAY at 2 a.m. Monday for Puerto Rico and the U.S. Virgins Islands due to the possibility of sustained gale force winds greater than 39 mph from Tropical Storm Dorian that may arrive to the area within 48 hours…
South Korean shipbuilder Hyundai Samho Heavy Industries, a unit of Hyundai Heavy Industries (HHI), received orders for the construction of five vessels.According to Yonhap, the orders include two liquefied petroleum gas (LPG) carriers and three…