The U.S. military on Thursday christened an experimental self-driving warship designed to hunt for enemy submarines, a major advance in robotic warfare at the core of America's strategy to counter Chinese and Russian naval investments.The 132-foot-long (40-metre-long) unarmed prototype…
Jotun has analysed the first ever five year dry-docking of a vessel treated with its Hull Performance Solutions (HPS) system. The data revealed that Gearbulk’s Penguin Arrow, coated with Jotun’s SeaQuantum X200 in September 2010, recorded a…
The introduction of the IACS Common Structural Rules for Bulk Carriers and Oil Tankers (CSR BC & OT) makes support from advanced rule calculation tools more important than ever. The latest releases of DNV GL’s integrated calculation tools Nauticus…
Drewry Maritime Advisors say that the trend of “big ship obsession” may soon come to an end. The three largest carriers in the world – Maersk Line, MSC and CMA CGM – extended their dominance by taking on the most capacity, while the five…
Singapore-based Otto Marine Limited has signed a Memorandum of Agreement to sell a Work Maintenance Vessel known as SOC ENDEAVOUR to an unspecified party through its wholly owned subsidiary, Koi Marine Limited. The sale of the vessel…
Further expected container shipping liner losses throughout the first half of 2016, exacerbated by the awful prevailing spot and contract freight rates will lead to a major trigger point at some stage later this year. This will happen either…
Royal Boskalis Westminster N.V. (Boskalis) has concluded the acquisition of the dredging activities and assets of STRABAG Wasserbau GmbH. The transaction price of EUR 70 million has been financed from Boskalis' own cash.With the transaction Boskalis acquires the equipment…
The National Shipping Company of Saudi Arabia (Bahri) has inked a Murabaha Facility Agreement with Riyad Bank over the weekend to fund an order for five very large crude carriers it made with Hyundai Samho Heavy Industries. The Islamic…
National Shipping Company of Saudi Arabia said on Sunday it had signed a murabaha facility with Riyad Bank valued at 1.425 billion riyals ($380 million) to finance the construction cost of five very large crude carriers.The facility lasts for a period of 10 years and six months…
Swiss headquartered Mediterranean Shipping Company (MSC) has announced two new services alled the ‘Lone Star Express’ which will operate between Asia and the US Gulf. This new service will become a new Gateway to/from the US Gulf in anticipation of increased demand…
Bernhard Schulte Shipmanagement (BSM) is further expanding the scope of ship management services it offers with the addition of two new service offerings – Lay-up Services and Green Recycling.Both services have been developed to meet changing…
Dry bulk shipping company Mercator Lines has inked an agreement to sell another vessel in an attempt to reduce its debt. The MV Kalpana Prem will be sold for US$2.9 million to a third party. It is expected to be delivered in April. In January…
Global towage operator Svitzer has signed a contract with the Damen Shipyards Group for four ATD 2412 tugs as part of Svitzer’s ongoing fleet renewal program. All four tugs are being built at Damen Song Cam Shipyard in Vietnam. Demonstrating…
Austal celebrated the keel-laying milestone for the Expeditionary Fast Transport vessel Yuma (EPF 8) here today with a ceremony marking a significant milestone in the ship’s construction. This ship is the eighth EPF built at Austal under the 10-ship…
The first container ship belonging to Iran's IRISL docked at Antwerp after departure Homburg.According to MANA, a cargo ship belonging to Iran's IRISL docked at Antwerp as her second port, becoming the first Iranian ship to reach Europe after a hiatus of over six years…