Hafnia Tankers Ltd have entered into an agreement to acquire 4 LR1 product tankers.This acquisition confirms the commitment of Hafnia Tankers and its stakeholders to further expand the business within the product tanker segment.The vessels are: Kihada – to be renamed Hafnia Africa…
Eastern Shipbuilding Group, Inc. introduced its new 120-foot, 4,200-horsepower Inland Towboat design, THUNDERBOLT, combining twin electric V-Pod propulsion and diesel-electric technology for what the builder calls its “vision of the future for the U…
The National Marine Manufacturers Association (NMMA) presented an Innovation Award to Volvo Penta for its new Forward Drive (FWD) propulsion system in the Alternate Drive Technology category at the 2015 Miami International Boat Show today…
Senior military leaders from 14 nations gathered at U.S. Pacific Fleet (PACFLT) headquarters here in Hawaii for the Naval War College Combined Force Maritime Component Commander (CFMCC) Flag Officer Course Feb. 5-11.The 27 CFMCC participants came from Australia…
According to The Swedish Club, half of the costs of hull and machinery claims handled by the Club have arisen due to navigational claims such as collisions, contacts or groundings - a figure that has remained steady over recent years despite…
A detailed analysis of the root causes of insurance claims show 80% of bodily injuries at global ports and container terminals involve handling equipment or vehicles.Speaking at the Philippine Ports and Shipping Conference in Manila today…
The CMA CGM Group has contributed to the TRAXENS startup capital increase. Two other investment funds – CAAP Création (Crédit Agricole Group) and S.C.R. Provençale et Corse (BPPC Group) – are also part of the initiative.This capital increase…
Five new Arc 7 design ice-class LNG carriers being built at the Daewoo Shipbuilding and Marine Engineering (DSME) yard in South Korea will be powered by a total of 30 Wärtsilä 50DF dual-fuel engines. The vessels will operate in arctic conditions to serve the Yamal LNG project in Northern Russia…
A revolutionary new concept in marine propulsion, the first Volvo Penta Forward Drive (FWD), debuted today at an exclusive event at the Miami International Boat Show. Opening up a new realm for recreational water sports, the Volvo Penta…
Hamburg Süd has been recognized for the first time with the “Carrier of the Year” Award by the internationally operating transport and logistics group, Panalpina, based in Basle/Switzerland. Peter Frederiksen, Member of the Executive Board of Hamburg Süd…
The fast-growing UK subsea sector, which supports 60,000 jobs, is in for two years of tough times and will only weather the storm if it embraces innovation and new technology, says industry body.On the opening day of Subsea Expo, Europe’s largest subsea event…
The first piece of steel was cut at MEYER WERFT in Papenburg, Germany for the construction of the first ship with the construction number S. 711 for Asian operator Star Cruises.Tan Sri Lim, Chairman of Star Cruises, pushed the button…
Coast Guard personnel detained the tanker Overseas Jademar in Port Angeles, Monday. Port State Control officers, from Coast Guard Sector Puget Sound, discovered several significant safety violations during a port state control exam of the Marshall Island-flagged tanker…
NewLead Holdings Ltd. has succeeded in growing the fleet of the Company from two to ten vessels in less than one year following its growth strategy and delivering on its commitments.NewLead's fleet has been entirely transformed to include younger…
Teekay LNG Partners L.P. plans to release its financial results for the fourth quarter and fiscal year of 2014 before market open on Thursday, February 19, 2015.The Partnership also plans to host a conference call on Friday, February 20…