Tanker owners are currently doing fairly well, certainly compared to their colleagues in the dry bulk market, says a reserach report from Poten & Partners. However, history shows that such markets do not last forever and when the downturn comes…
The Port of Rotterdam reported record volumes 466.4m tonnes in 2015 boosted by increased oil trade. Goods throughput in Rotterdam increased by a total 4.9%. “Low oil prices result in high margins for the refineries, so they have large quantities of oil shipped in for refining…
Canada-based Algoma Central Corporation has signed a joint venture (JV) agreement with Nova Marine Holding of Luxembourg to establish a fleet of cement carriers to supply infrastructure projects across the globe. Algoma will own 50% of the joint venture…
When discussing the Navy’s top science and technology (S&T) priorities with military, government and industry leaders, Chief of Naval Research Rear Adm. Mat Winter reflected on his college days at the University of Notre Dame.“When I graduated from Notre Dame 30 years ago…
Six months to the day ahead of the naming ceremony, Mein Schiff 5 was launched today at the Meyer Turku Oy shipyard. Following a construction period of 14 months, Ferdinand Strohmeier, Vice-President Operations TUI Cruises, was on hand for the so-called “floating” celebrations…
Caterpillar Inc. announced today that the company’s Board of Directors has elected Denise Johnson, currently vice president with responsibility for the Material Handling & Underground Division, as group president of Resources Industries.…
Following the spate of ratifications in November 2015 of the Ballast Water Management (BWM) Convention, IMO and partner IHS Maritime & Trade have been engaged in a process to verify tonnage figures to ascertain whether or not the convention’s final entry-into-force requirement has been met…
Mr Antonio Cachapuz de Medeiros was elected today at a Special Meeting of States Parties to the United Nations Convention on the Law of the Sea in New York.The meeting was held to fill the vacancy created by the resignation of Judge Vicente Marotta Range (Brazil) on 18 May 2015…
A line of effort in the recently released 'Design to Maintain Maritime Superiority' is to strengthen our Navy team which is composed of active and reserve Sailors, Navy civilians, and families. On Jan 14 Chief of Naval Operations Admiral…
The Swedish Maritime Organisation has advised the following ice restrictions in force with effect from 18 January 2016:Karlsborg – LuleåMinimum ice class IB and 2000 dwtHaraholmen – Örnsköldsvik och ÅngermanälvenMinimum ice class IC and 2000 dwtMälaren…
In light of the current shipping downturn and to demonstrate the government’s commitment to maintain Singapore as a global hub port, MPA will grant an additional 10% concession on port dues payable by ocean going container vessels carrying out cargo works with port stay of not more than 5 days…
A.M. Best Ratings Services Ltd has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” for The Swedish Club, with the outlook for both ratings remaining stable. According to A.M. Best, the ratings…
Miriam Maes has been appointed to the Supervisory Board of the Port of Rotterdam Authority as of January 1, 2016, filling the position that fell vacant after Merel Vroonhoven stepped down from the Board on July 1, 2015. Maes has extensive…
National Wind Farm Training Centers (NWFTC), is providing a new SHEQ review and training service for its clients in the offshore wind industry. During a recently completed pilot program, assisting in the improvement of working at height, transfer…
Jaanus Rahumägi, President & CEO, ESC Global Security has been elected as one of the new members of the Security Association for the Maritime Industry (SAMI) Industry Steering Group.SAMI represents more than 80 percent of the world’s private…
