In a swift response to an SOS from a distressed offshore coastal vessel, the Indian Navy and Indian coast guard rescued 14 people from the crew of the Indian flag cement carrier ship, MV Coastal Pride, that sunk 75 nautical miles off the coast of Daman…
Mumbai-based shipping firm Varun Shipping Co. Ltd will be split into two listed entities after the Bombay high court approved a demerger scheme. The Company announced that according to the Composite Scheme of Arrangement and Amalgamation…
US President Barack Obama urged Beijing to take 'concrete steps' to ease tensions over maritime claims, as America and China wrapped up three days of candid talks, reports AP. 'The president raised ongoing U.S. concerns about China's maritime behavior…
Greece-based dry bulk shiping company, Globus Maritime has been pushed back into the black by miserable dry bulk rates, but the company has said that it is awaiting market improvements within 2015. George Karageorgiou, President, Chief…
China's government is moving forward with plans to bring in legislation to control emissions from ships as the country looks to reduce air pollution, state media Xinhua said. According to a draft amendment to the Air Pollution Law, tabled…
The international shipping industry will require an additional 42,500 officers by the end of 2019 to cope with the expected growth in the main cargo carrying fleet, according to the latest manning report published by global shipping consultancy Drewry…
An increasing, international demand for EIVA solutions has in the past two years led to the signing of nine representative contracts throughout the world. Chile and Panama are included in the list of countries in which EIVA offers a local…
VIKING Saatsea has achieved flag state approval for its STCW on-board training solution with refresher modules according to new STCW 2010 Manila Amendments.The approval of the company’s 24/7, customizable certification management training…
RigNet, Inc. announced that Keith Stewart has been promoted to the new position of Vice President – Global Operations, RigNet TSI, based in Aberdeen, Scotland. Stewart is now responsible for managing RigNet’s technical resources assigned to Telecommunications Systems Integration (TSI) projects…
VesselsValue.com is launching Discounted Cash Flow (DCF) valuations to its existing portfolio of daily, automated valuations for the shipping industry.Discounted Cash Flow vs Market ValuationsDiscounted Cash Flow Valuations is the…
Virgin Cruises will launch its first luxury liner in 2020 from Miami, British tycoon Richard Branson announced, placing his bets on medium-sized 'boutique' ships. The Virgin Group founder said he had signed a binding letter of intent with Italy's Fincantieri to build three 110…
Submarine INS Sindhukirti set for final 'full-power trials' from Friday after being stuck in a refit for a decade. The Kilo-class submarine is expected to be formally handed over to the Indian Navy next month, reports Times News. Hindustan…
The U.S. Navy has selected more than three dozen female enlisted sailors to qualify to serve aboard a submarine in a historic first for the sea service as part of a plan to more fully integrate women into the undersea force. The 38 selected…
The Singapore SLNG Corporation and Commodities trading firm Trafigura have signed a storage agreement for the excess capacity within the Singapore LNG terminal on Jurong Island. John Ng, CEO at SLNG, operator of the country's first LNG terminal…
After six years of digging, General Electric Co. expects to finish this year removing some 2.7 million cubic yards of contaminated river sediment in upper Hudson River in Waterford under its landmark Superfund agreement with the federal Environmental Protection Agency…
