2016 could be a brutal year for Korean Shipyards. Yonhap reports that the country's shipbuilders failed to clinch any new orders in January, underscoring the protracted slump in the global shipbuilding segment. 'January is usually an off-season for shipbuilders…
COSCO (Guangdong) Shipyard Co., Ltd, has secured a contract from a European buyer to build one 15, 000m 3 Trailing Suction Hopper Dredger. The Singapore-listed shipbuilder COSCO Guangdong and the buyer have agreed to keep the contract price confidential…
As part of the organisational changes announced last year, Maersk Line has shifted its Asia head office to Hong Kong from Singapore, reducing the number of regional offices to seven from eight. Maersk's two Asia regions, Asia Pacific and North Asia (China…
Rising costs of doing business in Singapore has forced Subsea7 to switch its regional headquarters from the city to Kuala Lumpur (KL), says a report in Business Times. Against a backdrop of persistently low oil prices, fresh concerns have…
Underscoring that India and Brunei have equal stakes in the security and prosperity of a 'shared Asian neighbourhood', both countries held discussion on Chinese territorial claims in the South China Sea which has the potential to affect free maritime traffic in Southeast Asia…
Huntington Ingalls Industries’ (HII) Newport News Shipbuilding division kicked off its 130th anniversary celebration January 28. Newport News, the sole designer, builder and refueler of U.S. Navy aircraft carriers and one of two providers of U…
Ratings agency Standard and Poor’s (S&P) has given North P&I Club an ‘A’ financial strength rating and stable outlook for the 12th consecutive year, and increased its financial flexibility rating from adequate to strong. The ratings also apply…
Piracy and armed robbery on the world’s seas is persisting at levels close to those in 2014, despite reductions in the number of ships hijacked and crew captured, the International Chamber of Commerce (ICC) International Maritime Bureau’s (IMB) annual piracy report reveals…
Veritas Petroleum Services (VPS) has appointed Malcolm Cooper as Group Technical & Business Development Director and Steve Bee, another industry heavyweight, will join the company as Group Commercial Director on July 1, 2016.Cooper, who holds a Ph…
ADELTE, a provider of Seaport Passenger Boarding Bridges (SPBBs) and Global Services to cruise and ferry terminals, has been awarded two contracts by the Canaveral Port Authority to design, manufacture and install four custom-made HYDRA models SPBBs at Cruise Terminals 5 and 10…
Lloyd’s Register (LR), world’s leading engineering, technical and business services organization announced today that it has been appointed by LAUGFS Gas PLC (LAUGFS) to handle key safety and quality checks of the LPG terminal at Hambantota Port…
Parties bring together technical capabilities on trans-Arctic shippingFacing changing climate conditions in the Arctic which have effectively generated new opportunities shipping in the region, classification society ABS and commercial shipper…
Norsafe has become the first lifeboat manufacturer to provide STCW and Norwegian Oil and Gas (NOROG) compliant training courses for seafarers.This means that the company is the only lifeboat manufacturer that offers production, servicing…
Mission to educate the public about the benefits and opportunities in the marine industryCarleen Lyden-Kluss, Chief Executive Officer of Morgan Marketing & Communications, along with RADM Cari B. Thomas of the United States Coast Guard were…
Microsoft swims to ocean’s depth to test underwater data center as environmentally friendly cloud computing alternative. The software giant has dropped a data center into the Pacific Ocean off California. Microsoft gave details of its rationale for going underwater…
