Philly Shipyard, a U.S. commercial shipyard constructing vessels for operation in the Jones Act market has announced acash dividend to be paid by PHLY. The schedule is as follows: Dividend amount: USD 0.25 per share…
Family and friends joined Chief of Navy, Vice Admiral Tim Barrett on the wharf at Garden Island, Sydney to welcome HMAS Darwin home from a successful Middle East deployment.During her Operation MANITOU rotation, Darwin and her Ship’s Company seized a large cache of illicit weapons and narcotics…
On July 15, 2016, Victoria International Container Terminal (VICT) signed a syndicated loan facility worth AUD 398 million (approximately USD 300 million) with seven leading global financial institutions, namely: Citibank N.A., KFW IPEX-Bank…
China will send more ships flying its flag to take the Northwest Passage via the Arctic Ocean to cut travel times between the Atlantic and Pacific oceans, says the state news agency Xinhua. The world's largest maritime carrier China COSCO…
Hyundai Merchant Marine (HMM) will start the process to appoint a new chief executive officer (CEO) when Hyundai Group loses control on Aug. 5, reports Korea Times quoting un-named industry sources. The challenged shipper will begin a new chapter in its 40-year history…
Senior Minister of State, Prime Minister's Office, Ministry of Foreign Affairs & Ministry of Transport, Mrs Josephine Teo officially opened the inaugural Maritime Youth Festival (MYF). Organised by Maritime and Port Authority of Singapore (MPA)…
A group of South Korean companies including shipbuilders have come together to establish an association dedicated to developing liquefied natural gas (LNG) bunkering facilities and infrastructures including LNG-fueled vessels, says a report in the Pulse…
According to the Ministry of Shipping in India, the 12 major ports in the country together handled 159.0 million tonnes of cargo in the first quarter of the current fiscal (April-June 2016-17), against a cargo traffic of 149.74 million tonnes in the similar quarter of the previous fiscal…
The situation of the shipyards in the world and in particular the struggles of the Korean shipbuilding industry has received a fair amount of attention in the shipping press, as well as in more general news outlets. Poten and Partners discusses…
National Shipping Company of Saudi Arabia (Bahri) said on Sunday it signed a deal with Arab Petroleum Investments Corp. (APICORP) to launch a $1.5 billion investment fund that could buy up to 15 very large crude carriers (VLCCs).The fund will be seeded with $500 million on three occasions…
The Coast Guard and local police are searching for a missing diver in the Shark River Inlet in the vicinity of Belmar, New Jersey.Watchstanders at Coast Guard Sector Delaware Bay were notified by the Belmar Police department that a 17-year…
BP announced today that following significant progress in resolving outstanding claims arising from the 2010 Deepwater Horizon accident and oil spill, it can now reliably estimate all of its remaining material liabilities in connection with the incident…
NOIA President Randall Luthi released the following statement after the House of Representatives passed the 2017 Interior and Environment Appropriations bill:“NOIA applauds members of the House of Representatives for passing the first Interior and Environment Appropriations bill since 2009…
Vice President Joe Biden visited the Sailors aboard USS John C. Stennis (CVN 74) July 14, while the ship and John C. Stennis Strike Group (JCSSG) were participating in the Rim of the Pacific maritime exercise.The visit, which occurred just…
The crew of the Coast Guard Cutter Kathleen Moore repatriated 12 Cuban migrants Tuesday and another 21 Cuban migrants Friday to Bahia de Cabañas, Cuba.These repatriations are a result of four separate migrant interdictions at sea within the last week in the south Florida Straits…
