Flood levels and record setting water current coming from the San Jacinto River caused a closure of the Houston Ship Channel after 12 barges broke free Sunday.The Houston Ship Channel was closed to all traffic from light 111 to light 128 from 8:49 a…
Antti Kaunonen, Doctor of Technology and MBA, has been appointed President of Kalmar, part of Cargotec, as of 1 July 2016. He will report to Mika Vehviläinen, CEO of Cargotec, and be a member of Cargotec's Executive Board. Kaunonen currently holds the position of Senior Vice President…
Cyberhawk Innovations, the world leader in unmanned aerial vehicle (UAV) and drone inspection and survey, has bolstered its international presence by signing a partnership agreement with Nordic Unmanned, Norway’s leading UAV operator. The…
The Coast Guard Captain of the Port closed a section of the Neches River Saturday, after a pipeline at the Jefferson Energy Terminal released an estimated 880 gallons of Eagle Ford crude oil in the Neches River.The source of the leak has been secured…
Yara International ASA announces three new members to its Executive Management group, to improve focus on strategy, innovation and positioning.'Following recent organizational changes to sharpen operational focus and alignment, these further changes are made to improve our focus on strategy…
Hidd, Khalifa Bin Salman Port, Bahrain - APM Terminals Bahrain, operators of Khalifa bin Salman Port (KBSP), has recently made significant advances in Safety performance and information technology systems, including the successful completion…
Coast Guard crews continue to respond, Saturday, to the motor vessel Roger Blough that ran aground Friday in Whitefish Bay in Lake Superior. Throughout the night, U.S. Coast Guard boat crews conducted hourly exterior draft readings of the…
The Boston Harbor Cruises' Majesty ran aground in Boston Harbor on Saturday. All 137 passengers were unharmed and transferred to the Asteria, another Boston Harbor Cruises vessel, according to the U.S. Coast Guard. One couple's wedding…
Hanjin Paradip resume its sailing from South Africa as talks continue with owner over unpaid charter fees. The ship had been detained in Richards Bay, South Africa earlier last week over unpaid charter fees. The vessel in 82,158 deadweight tonnage (DWT) was used to carry grain and minerals…
Oman Shipping Company (OSC) reported a $180 million profit in 2015. Tariq bin Mohammed Al Junaidi, chief executive officer of OSC has been quoted by Oman News Agency saying that achieving significant profit came as a result of the good performance…
South Korea's STX Offshore & Shipbuilding Co. has filed for receivership, following massive losses that have mounted up over the past two years, says a report in the WSJ. According to multiple sources from the shipbuilding industry, creditors…
Thailand’s Mermaid Maritime said it has been awarded a number of subsea contracts in the Middle East with a total worth of $11million. It has also reached an agreement with builder China Merchants Industry Holdings to postpone the delivery dates for its new assets currently under construction…
DP World has reached an agreement to manage the Berbera port in Somaliland, which would allow it to become a major hub for goods to transit to and from the Horn of Africa, the Wall Street Journal reported. DP World signed a US$442 million…
Abu Dhabi Ports - the master developer, operator and manager of ports and Khalifa Industrial Zone in the Emirate - presented the integrated offerings of Khalifa Port and Kizad at an exclusive business event in Abu Dhabi. Organised by Abu…
The latest Gibson Market Report focused on the age profile of the VLCC fleet and the prospects for trading life beyond 15 years of age. Analysis of the Suezmax fleet shows a similar picture, with eighty-nine units over15 years of age (18%…
