Rolls-Royce unveiled its vision of the land-based control centers that we believe will remotely monitor and control the unmanned ships of the future. In a six minute film, Rolls-Royce presents a vision of the future in which a small crew…
Luiz Augusto Fraga de Britto Filho quit as board member of embattled Brazilian state-controlled oil producer Petróleo Brasileiro SA on Monday. In a securities filing, the company known as Petrobras said Fraga Britto had resigned to take…
The Panama Canal will next month impose new draft restrictions on ships due to falling water levels at nearby lakes that form part of the waterway, the authority that administers the canal said in a statement on Monday. Ships seeking to…
Ship insurers have stepped in to help plug a shortfall in cover for transporting Iranian oil resulting from the fact that U.S. reinsurers are still restrained by Washington's sanctions, according to officials involved in the initiative. International…
At least 26 people were killed in twin attacks on Brussels airport and a rush-hour metro train in the Belgian capital on Tuesday, triggering security alerts across western Europe and bringing some cross-border transport to a halt. A witness…
Oil prices seesawed on Tuesday, rattled by investor nervousness after deadly blasts in Brussels prompted a flight towards so-called safe-haven assets such as gold. A suicide bomber blew himself up at Brussels airport on Tuesday killing at…
Pentair, a global leader in creating sustainable water solutions, announced today its commitment to open two Application Centers dedicated to helping municipal, industrial and commercial companies better manage water use. The commitment is being…
Inchcape Shipping Services (ISS), the world's leading maritime and logistics service provider, has expanded its operations in Mexico with the opening of a new office in Veracruz.The Veracruz office, ISS’ fourth in the country, will enable…
The PEME Program, part of UK P&I Club’s Loss Prevention department, has expanded its existing clinic network to include Russia through the services of AP Companies Global Solutions, which has joined the PEME network as healthcare provider in this region…
The Bureau of Ocean Energy Management (BOEM) today released proposed regulations that would provide additional clarity and certainty for its Marine Minerals Program regarding negotiated, non-competitive leases for Outer Continental Shelf (OCS) resources such as sand…
The St. Lawrence Seaway Management Corporation (SLSMC) marked the opening of the Seaway’s 58th navigation season today, with the transit of Canada Steamship Lines’ Thunder Bay through Lock 3 on the Welland Canal. The ship, carrying a load of road salt…
Navig8 Product Tankers Inc. an international shipping company focused on the transportation of petroleum products, today announced that it has taken delivery of the Navig8 Sanctity, a 110,000 DWT LR2 tanker, from Sungdong Shipbuilding & Marine Engineering Co…
SCF Group (PAO Sovcomflot) reported steep jump in their net profit to USD 354.5 million from USD 83.9 million in the earlier year. Its gross revenue increased by 7.6 per cent to USD 1,483 million (2014: USD 1,378 million) and its time charter equivalent revenue rose by 18…
Kongsberg GlobalSim, the wholly owned land-segment crane simulation subsidiary of Kongsberg Maritime is to become an independent business following a management buyout announced on 21st March 2016. The buyout will enable GlobalSim to focus on its core port crane…
The Global Shippers’ Forum (GSF) says that the use of mega ships and alliances remain the main problems within the shipping sector. The popular belief is that larger ships and alliances are good for competition because of the benefits they give…
