Disciplined underwriting delivers another successful year London, 11 May 2016 – The UK P&I Club (“The UK Club”), one of the leading shipping protection and indemnity mutual insurers, announces its financial results for the year ended 20 February 2016…
Eastern Shipbuilding Group, Inc. launched the Escort Tug OCEANUS for Suderman & Young Towing Company on April 26, 2016. This series of Robert Allan, LTD. (RAL) designed Z-Tech 2400 Class Terminal & Escort Tugs is currently under construction at Eastern’s Nelson Street facility…
Singapore-listed offshore firm EMAS Offshore Limited wins $32m of new business has secured new awards and letter of intents for charters amounting to approximately US$32 million, including options. These new charters will see EMAS Offshore’s Anchor Handling Tug (AHT)…
GE Wind once again appointed Celtic Shipping Agencies to handle its latest shipments from Turkey to Ireland.Building on an earlier project via the Irish Port of Killybegs, GE chose Celtic Shipping once again to handle this latest work. This time…
Innova AS, a technology distributor and service provider for the underwater industry, has appointed Alf-Kristian Aadland as its new Managing Director. Aadland has been Innova’s Technical Director since January 2014, prior to which he served in leading roles at Oceaneering since 1993…
Prices for new dry freight containers declined to their lowest point since 2002 during first-quarter 2016 and are still going down, according to the latest edition of the Container Equipment Insight, published by global shipping consultancy Drewry…
New software evaluates strength and scantling compliance for sea-going steel shipsIRClass, the Indian classification society, today announced the release of its new technical software, IR-HULL.IR-HULL was developed by IRClass specifically…
Austal officials joined ship sponsor U.S. Senator Jeanne Shaheen and many distinguished guests in celebrating the christening of the nation’s 14th littoral combat ship (LCS), the future USS Manchester, here Saturday, May 7, 2016.Manchester (LCS 14) is the fifth LCS in Austal’s 11-ship…
In general, the International Union of Marine Insurance (IUMI) welcomes the revised York-Antwerp Rules (YAR 2016) which were adopted by the Comité Maritime International (CMI) at its conference in New York last week.The York-Antwerp Rules…
Newbuilding orders of tanker ships have seen a sharp reduction, but the slowing trend needs to be sustained for the longer-term health of the market, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry…
he first ever UK domestic dual-fuelled new build vessels will feature fully integrated Wärtsilä propulsion machinery packages. Wärtsilä will also supply extended engineering and site support services. The two ships, both 102 metre long ro-ro passenger ferries…
The International Maritime Solid Bulk Cargoes (IMSBC) Code deals with the hazards associated with certain cargoes carried in bulk by ships. IMO recently (25-28 April) co-organised a workshop in Malaysia on implementing the code, with special…
Scorpio Tankers Inc. announced it has received a commitment from NIBC Bank N.V. for a loan facility of up to $44 million.The loan facility, subject to customary conditions precedent and the execution of definitive documentation, will be…
Directorate General of Shipping will issue guidelines for the Safety of Life at Sea Convention (SOLAS) convention on container weight verification next week, said Deepak Shetty, Director General of Shipping, Government of India yesterday in Mumbai…
The Navy will christen its newest Independence-variant littoral combat ship, USS Manchester (LCS 14), during a 10 a.m. CST ceremony Saturday, May 7 in Mobile, Alabama.Manchester, designated LCS 14, honors the city of Manchester, New Hampshire…
