Shipyards have become the next victim of the deteriorating conditions in the dry bulk, container and offshore markets as 2016 looks to set the record for the lowest newbuilding contracts in more than 20 years, according to international shipping…
More than 500 key stakeholders from all parts of the global maritime industry will meet at the Danish Maritime Days Welcome Reception at Hotel D'Angleterre in Copenhagen on October 25.On October 24-28, Danish Maritime Days will take place for the third successive year…
Since 2004, well construction costs in the UK Continental Shelf (UKCS) have doubled, directly impacting drilling activity which is currently at an all-time low. However, collective industry efforts are already focusing in on how a reduction…
Not enough companies in the shipping industry are following joined-up risk management procedures, according to international accountant and shipping adviser Moore Stephens. The second annual Moore Stephens Shipping Risk Survey revealed a fall…
Variable Bore Rams Inc. (VBR), one of the largest original equipment manufacturer (OEM) ram and BOP component providers in the world, is lending support to communities in the southern Louisiana disaster zone in the wake of recent flooding. President of VBR…
Capt. Anoop Kumar Sharma has assumed the charge of the post of Chairman & Managing Director of The Shipping Corporation of India Ltd w.e.f. 12th September, 2016.Capt. Anoop Sharma has served the shipping industry for over 34 years at various responsible levels…
The LNG tanker Armada LNG Mediterrana – or floating storage unit that will be permanently berthed at Marsaxlokk has finally left Singapore harbour, reports Malta Independent. The ship is currently making 9 knots and is heading towards the port of Galle in Sri Lanka…
Global container terminal operators are changing gear – and strategies – as the nature of their market environment changes markedly due to slowing growth, bigger ships and larger liner alliances. Drewry’s latest Global Container Terminal…
South Carolina Ports Authority (SCPA) reported its strongest August container volumes on record. SCPA handled 180,153 twenty-foot equivalent units (TEUs) in August, a year-over-year increase of 5.6 percent. Previously, SCPA’s strongest August on record was 170…
American-owned NVOCC Troy Container Line announced a new direct import service which provides accelerated transits between Hamburg and Chicago. Building upon its foundation in the U.S. Midwest marketplace, this new service gives customers a fast…
A contractor was feared drowned after falling into the Port of Texas City, Texas, when scaffolding supporting him collapsed at the Marathon Petroleum Corp Galveston Bay refinery dock, a Texas City official said. 'Divers are en route to do a body recovery…
Ship owners, operators and managers have been called on by the United Kingdom Hydrographic Office (UKHO) to exercise greater vigilance in order to tackle the rise in ECDIS-related detentions and the risks to safety at sea. With a growing…
Responding to the unexpected service disruption caused by CKYHE alliance member Hanjin Shipping, which has entered rehabilitation proceedings, Evergreen Line has added new functions to its online e-commerce system.The service disruption…
Bristol Harbor Group, Inc. (BHGI) has added recent hire Jennifer Lorenc to its naval architecture and marine engineering practice. Lorenc joined BHGI as a Naval Architect in August of this year. She is a recent graduate of Webb Institute in Glen Cove…
Russia plans to fully halt exports of oil products from other than Russian ports on the Baltic Sea by 2018, the head of oil pipeline monopoly Nikolai Tokarev told President Vladimir Putin on Monday. Russia will increase the shipments via its own ports instead…
