Maritime forces from North Africa, Europe, and the United States concluded exercise Phoenix Express 2016 with closing ceremonies in Souda Bay, Greece May 27.Phoenix Express, sponsored and facilitated by U.S. Africa Command (AFRICOM), is…
Nautilus Minerals Inc. announced that its Chairman of the Board of Directors, A. Geoffrey Loudon, will retire and not stand for reelection at the company’s upcoming annual General meeting on June 1, 2016. Loudon has been Chairman of the…
DSC Dredge, LLC, based in Reserve, La., has received the 2016 President’s “E-Star” Award for exports. In a ceremony held on May 16, 2016, at the U.S. Department of Commerce’s headquarters in Washington, D.C., Department of Commerce Secretary Penny Pritzker said…
The Senate Appropriations Committee this week acknowledged calls for increasing the Navy’s ship count, funding the construction of 10 new ships, as well as providing the U.S. Coast Guard funding for the acquisition of six total new ships. The…
The crew of the Coast Guard Cutter Marcus Hanna towed the 55-foot fishing boat Miss Emily, with four people aboard, after it became disabled Thursday about five miles off Kennebunkport, Maine.The Marcus Hanna, a 175-foot buoy tender homeported…
Wärtsilä has donated an 8-cylinder Wärtsilä 20 engine and generating set, to the Marine Engineering Technology Department at Texas A&M University at Galveston. The donation represents a continuation of Wärtsilä's ongoing industry support programme…
The Baltic Dry Index (BDI) ’s positive effect on capacity being removed from the fleet did not continue into Q2 2016, as capesize demolition came to a halt.The BDI went from “devastating” in February to “poor” in April with the highest total…
Following a further round of discussions on 'Places of Refuge' at the IMO last week, prompted by a submission from the EU Member States, the European Commission, shipowners and the maritime insurance industry, IACS today published recommendations…
The London P&I Club says it continues to see cases of injuries and fatalities associated with entry into enclosed onboard spaces, including cargo holds on bulk carriers where atmospheres have not been treated as potentially dangerous. In a recent case…
Videotel, producer and distributor of training videos, 3D animation, and e-Learning courses to the maritime market and part of KVH Industries, Inc., (Nasdaq: KVHI), has renewed its contract with Orient Overseas Container Line (OOCL) to supply…
Norddeutsche Landesbank Girozentrale's (NORD/LB) strategy to reduce its shipping exposures by EUR4bn-6bn over the next three years makes sense, but will likely encounter high execution risks, says Fitch Ratings. Planned disposals, representing…
The newest addition to Vroon’s fleet, subsea-support vessel (SSV) VOS Sugar, recently started work in the BARD Offshore 1 Offshore Wind Farm (OWF). The vessel is supporting dive operations and maintenance work on wind-turbine foundations for clients NDE Offshore…
Hanjin Shipping-operated bulker Hanjin Paradip has been arrested by a South Africa for alleged unpaid charter fees. The 82,158 dwt bulker, which has been used to transport grain and minerals, was detained in Richards Bay on May 24 due to the unpaid charter fees to an unspecified owner…
Norwegian liner Siem Shipping Inc. has won a one-year contract renewal for a regular weekly service from Ecuador to St. Petersburg, Russia. The contract extension for the service covers seven reefer vessels. The service, which employs seven vessel…
China COSCO Shipping, which uses bulk carriers and container vessels to transport goods, has seen its cargo business decline amid China's slowdown and has decided to get into the offshore wind power generation business, reports Nikkei. Recently…
