The Next Generation Marine Power & Propulsion event was held in the Grand Harbour conference venue looking out over the Port of Southampton where cruise ships, oil tankers and the world's largest container vessels ply their global trade. The…
Dan-Bunkering (Singapore) Pte. Ltd. has announced that Brenda Lim has been employed as Bunker Trader. Lim has been working in the maritime industry since 2010. Among other things, she possesses solid experience within ship broking from her…
The Coast Guard, Ocean Safety and Lifeguard Services and Honolulu Fire Department personnel rescued 10 boaters in two separate cases off Kahala, Oahu, Sunday.In both cases responders were able to locate all survivors, bring them aboard response craft and get them to safety…
Australia and Thailand are co-hosting a peacekeeping exercise involving over 100 participants from the Indo–Pacific region from 9-20 May 2016 in Bangsaen, Thailand.Commander Australian Defence College, Major General Simone Wilkie, who is in Thailand to open PIRAP JABIRU 2016…
Philly Shipyard ASA has provided key information relating to the cash dividend to be paid by PHLYDividend amount: USD 3.75 per shareDeclared currency: USD Last day including right: 12 May 2016Ex-date: 13 May 2016Record Date…
Maersk Tankers has had a very satisfactory Q1 2016. The rates in the market are slightly lower than in Q1 2015, but due to initiatives from The Taking Lead Strategy, which was launched in August 2014, the results in Q1 2016 are better than in Q1 2015…
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…
Total and Saft announced today that, following the signature of an agreement between the companies, Total filed a friendly tender offer on all of the issued and outstanding shares in the capital of Saft with the French Financial Markets Authority (Autorité des Marchés(“AMF”))…
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…
PSA International Pte Ltd today announced the inception of PSA unboXed Pte Ltd (PSA unboXed), its new corporate venture capital arm with an initial fund size of S$20 million.Through its incubator program, PSA unboXed seeks to invest in and…
The demand for container shipping is really not going anywhere at the moment. Indicators for growth in the first months of 2016 point to limited overall demand and huge variations from trade to trade. In addition, all numbers are impacted by Chinese New Year…
On 10 February 2016, the Baltic Dry Index (BDI) hit 290. At that point, a bulk carrier regardless of its size, age and fuel-efficient qualities earned a time charter average of USD 2,417-2,776 per day. Whereas the three smaller segments have seen higher earnings since then…
Supported by slow fleet growth and ongoing positive refinery margins, VLCC earnings in Q1-2016 were up from a year ago, but down from Q4-2015 as we expected at $58,367 per day for VLCC (+5.7% year on year). For the minor crude oil carriers…
The South Korea government plans to drop its forceful measures to push ailing local shipbuilders to merge with each other as mergers or additional cash outlays to Hyundai Heavy Industries (HHI), Samsung Heavy Industries (SHI) and Daewoo Shipbuilding…
Singapore-listed ship repair, marine engineering and dry bulk shipping company COSCO Corporation (Singapore) Limited has recorded a net loss of USD 11.7 million in the first quarter of 2016, compared to a net profit of USD 4.2 million in the corresponding quarter of 2015…
