A new tonnage record of 2,183,611 metric tons has been achieved over a 24-hour period at the Port of Port Hedland. The new record was set over an evening high tide last Thursday, December 14, and morning high tide on Friday, December 15…
The oil and gas industry has just 18 months to upgrade critical release hook systems on offshore lifeboats to meet new regulations imposed by the International Maritime Organization (IMO) to improve safety at sea. According to the organization…
British industrialist Sanjeev Gupta is in talks to purchase and build more U.S.-based steel and industrial assets next year, after buying ArcelorMittal's Georgetown Steelworks at the weekend.Gupta, executive chairman of GFG Alliance which is a $10 billion metals…
Oil tanker firm Frontline expects shipping firms to scrap more old vessels in the time ahead, which may lead to a recovery in rates for the remaining global fleet in the second half of 2018, its chief executive told Reuters on Monday.Spot rates for very large crude carriers (VLCCs)…
KNOT Offshore Partners LP announced that its wholly owned subsidiary, KNOT Shuttle Tankers AS, has acquired all of the ownership interests in KNOT Shuttle Tankers 32 AS, the company that owns and operates the shuttle tanker Brasil Knutsen, from Knutsen NYK Offshore Tankers AS…
Algoma Central Corporation, a leading provider of marine transportation services, today announced that it has taken ownership of the Algoma Innovator from the Uljanik d.d. shipyard in Croatia. The vessel is part of the Company’s Equinox…
British-based ship broker Simpson Spence Young (SSY) has acquired Danish dry bulk broker Bidsted & Co. Bidsted & Co, which was founded in 1940, is one of the last few remaining independent shipbrokers in Copenhagen. Bidsted’s chartering…
Norwegian supply shipping company DOF sold and delivered the 1996 built platform supply vessel (PSV) 'Skandi Marstein' to a new owner. The sale will not have any significant liquidity impact or impact on the accounts. The vessel has been in lay up since late autumn 2017…
South Carolina Ports Authority’s 2018 fiscal year container volume through November grew 2.5 percent compared to last year, with 886,414 twenty-foot equivalent container units (TEUs) handled by the Port of Charleston since July. The Port moved 163…
Miriam Maes has been appointed Chair of the Supervisory Board of the Port of Rotterdam Authority, in accordance with a decision made by the supervisory directors. Maes has served on the Supervisory Board since 1 January 2016.She will be succeeding Rutger van Slobbe…
The provider of maritime satellite antenna systems Intellianhas announced that its v100 maritime VSAT antenna has been chosen by SM Lines to power its ships’ data and communications, and enable its IoT (Internet of Things) freight monitoring system…
Dania Ship Management has announced plans to extend ship management capabilities to include dry cargo in a partnership agreement with Clipper Fleet Management, part of the Clipper Group. The partnership, which strengthens the commitment by V…
MacGregor, part of Cargotec, said it will reorganize its offshore and merchant shipping operations as part of a plan aiming to achieve €13 million in annual cost savings. Under the plan, MacGregor’s Smart Ocean Technology division will be…
The cruise industry is expected to stay on course for further growth in 2018, according to the latest State of the Cruise Industry Outlook report from trade association Cruise Lines International Association (CLIA). “It is without question…
South Carolina Ports Authority's 2018 fiscal year container volume through November grew 2.5 percent compared to last year, with 886,414 20-foot equivalent container units (TEUs) handled by the Port of Charleston since July. The port moved 163…
