South Korean defense contractor Daewoo Shipbuilding and Marine Engineering (DSME) launched the first out of three Type 209/1400 Chang Bogo-class (a license-built variant of the 209) diesel-electric attack submarines for service in the Indonesian Navy…
Qatar Petroleum (QP) has announced the delivery of the 500th liquefied natural gas (LNG) cargo from QP affiliate Qatar Liquefied Gas Company (2) to the South Hook LNG Terminal at Milford Haven in the United Kingdom. The landmark delivery…
TRAC Intermodal LLC is exploring a sale or an initial public offering (IPO) after pulling a $485 million bond offering last week, reports WSJ quoting the chief executive Keith Lovetro. Princeton, N.J.-based TRAC, one of the largest leasing companies for trucking equipment…
Logistics service and solutions provider Seaways Shipping & Logistics Ltd has filed draft papers with the capital markets regulator Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). The IPO comprises…
The Republic of the Marshall Islands (RMI) received preliminary information regarding the United States Coast Guard’s (USCG’s) Qualship 21 list during Intertanko’s North American Panel meeting. The meeting, which took place on day one of…
Tsakos Energy Navigation (TEN) announced charter extensions with a state oil company with profit sharing provisions for four panamax tankers, with an average duration of 22 months per vessel and minimum gross revenues of $65 million. These…
Access to capital for cash-hungry Norwegian offshore shipowners is expected to tighten further as lower activity and falling profits continue in 2016, the Norwegian Shipowners' Association said in its yearly outlook report on Tuesday.Since mid-2014…
BlackRock Inc is planning to unveil a new U.S.-listed exchange-traded fund that will invest in all areas of the junk-bond market except the tattered energy sector, the asset manager said in a regulatory filing this week. The first-of-its kind fund…
Seven Somali men accused of hijacking a French yacht in an assault in which its owner was killed and his wife abducted in the Arabian Sea four years ago appeared before a French court on Tuesday, all facing life sentences. The men have not been charged with homicide…
RSC Bio Solutions exanded its EnviroLogic 800 series of biodegradable greases. The EnviroLogic 800 series are VGP compliant, biodegradable Lithium Complex greases designed to operate in severe outdoor environments and withstand corrosion. RSC…
Technology from Harris CapRock Communications is enabling Oceaneering International, Inc. to remotely pilot and automatically control its NEXXUS remotely operated vehicle ROV. Harris CapRock is providing satellite bandwidth and service to operate the ROV…
U.S. Senator Lamar Alexander (R-TN) and Representative Mike Simpson (R-ID) have been jointly selected to receive the American Association of Port Authorities’ (AAPA) 2016 “Port Person of the Year” award.Marking its 104th year as the recognized…
The Training Academy launches industry leading marine surveying seminars delivered by Ian Biles one of the world’s foremost marine surveyors.The Training Academy is the new classroom and tailored training division of the Maritime Services Group…
Corvus Energy (Corvus) announced a multi-year agreement with LG Chem Ltd. (LG Chem). Under this agreement, LG Chem, a manufacturer of advanced lithium-ion batteries, will be a key supplier of lithium-ion pouch cells for Corvus’ next generation maritime energy storage systems (ESS)…
Hundreds of thousands of children in Yemen face life-threatening malnutrition, millions lack access to health care or clean water, and some have been drafted as soldiers in the year-old war, the United Nations Children's Fund said on Tuesday…
