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Hurry! Test Your Satellite Phone

May 29, 2013

Iridium's 'Test Your Satellite Phone Week': May 26 - June 1, 2013.Now in its seventh year, the annual Test Your Satellite Phone program was established by Iridium to support first responders, emergency workers, government agencies and anyone…

Container Shipping Rates Continue to Plummet

May 29, 2013

Due to overcapacity & economic turmoil in the market, the market index for 40ft containers has taken a massive dip, 44% from May 2012.Xeneta, the price comparison service for sea freight, found that the average container freight rates from Asia to North-Europe continues to drop to $2…

IYRS Boatbuilding Grads Row Their Own Boats

May 29, 2013

Students from the IYRS Boatbuilding & Restoration Program will launch their careers, along with the boats they restored this past year as they graduate June 1, 2013.International sports figure and North Sails President Ken Read will help mark…

Maersk Deliver Antarctica 'White Gold' to Europe

May 29, 2013

The 'white gold' is in the form of deep ice cores taken for scientific research from the south polar region for delivery to a Belgian university.The sensitive shipment required global collaboration across several Maersk Line teams. 
Samples of ice…

PVA Make Alaskan Harbor Seal Protest

May 29, 2013

The Passenger Vessel Association (PVA) says existing voluntary Code of Conduct sufficient to protect Alaskan Harbor Seals.PVA has submitted written comments to the National Oceanic and Atmospheric Administration (NOAA) urging that the agency…

Ultrapetrol to Refinance, Sells 7 Barges

May 29, 2013

In related recent announcements Ultrapetrol (Bahamas) says it intends to offer secured Notes, & has completed the sale of 7 barges.Ultrapetrol (Bahamas) an industrial transportation company serving marine transportation needs in three markets (River Business…

Offshore Equipment Firm Acquisition by Forum Energy

May 29, 2013

Houston-based Forum Energy Technologies agrees to acquire Blohm + Voss Oil Tools from STAR Capital Partners Limited (STAR), a London based private equity firm.Completion of the transaction is subject to certain customary closing conditions…

Greek Shipowners Hit by Tax Changes

May 29, 2013

Greek shipowners must now pay tonnage tax on ships operating under flags other than the Greek flag which are managed by companies based in Greece, or offshore companies which have a branch in Greece, operating under Law 89 of the Greek constitution…

Gulf Coast Shipyard Group Investment by Littlejohn

May 28, 2013

Littlejohn & Co., LLC, a private investment firm based in Greenwich, CT, has made an equity investment in Gulf Coast Shipyard Group, Inc.Gulf Coast Shipyard Group, is a manufacturer of a variety of ocean-going and inland marine vessels for…

Seadrill Record Best-ever Quarterly Result

May 28, 2013

Seadrill announces favourable first quarter 2013 financial results. Highlights    •    Seadrill records its best operating quarterly result ever and generates first quarter 2013 EBITDA*) of US$713 million    •    First quarter 2013 net income of US$440 million and earnings per share of US$0…

Tall Ships in Great Lakes Battle Bicentennial

May 28, 2013

18 Tall Ships from around the world to navigate into the Western Basin of Lake Erie for 'The Battle of Lake Erie Bicentennial,' Aug. 29, 2013.From Norway to Duluth, Minnesota, the tall ships of the past now call ports from all over the world home…

New SIM Card Connects Absent Seafarers

May 28, 2013

G2 Crew Services, the J/V  between Griffin and GAC, teams with iVitta to provide a cell phone SIM that covers more than 1,000 ports worldwide.'Web access on board vessels remains the exception rather than the rule and most crew rely on text…

Navy Awards BAE Funding for USS Russell Dry-Docking

May 28, 2013

Amongst the latest Department of Defense, Navy, contracts, BAE gains contract modification for work on warship DDG 59's extended drydocking.BAE Systems San Diego Ship Repair Inc., San Diego, Calif., was awarded May 24, 2013, a $49,796,139…

Coast Guard Promotes Female Rescue Swimmer

May 28, 2013

Chief Petty Officer Karen Voorhees is the first woman to be advanced to chief petty officer in the rate of aviation survival technician.“In 1976 we had the first female graduate from aviation survivalman school. In 1986 we had the first female graduate from a navy rescue swimmer school…

WTS & Roccheggiani Sign HVAC Supply Agreement

May 28, 2013

Wilhelmsen Technical Solutions (WTS) agree with Italy's Roccheggiani to supply Heating, Ventilation & Air Conditioning (HVAC) systems to the offshore market.The HVAC and air handling specialists join forces to offer improved solutions to shipyards for newbuilding and after sales projects…

Logistics News

Bulls Joins TVO's Global Business Development Team

Bulls Joins TVO's Global Business Development Team

DP World, Asian Terminals Inc. Invest $100M to Boost Capacity at Manila South Harbor

DP World, Asian Terminals Inc. Invest $100M to Boost Capacity at Manila South Harbor

PD Ports Outlines Plans to Develop UK Offshore Wind Hub

PD Ports Outlines Plans to Develop UK Offshore Wind Hub

DP World Begins $165 Million Expansion of Maputo Container Terminal Capacity

DP World Begins $165 Million Expansion of Maputo Container Terminal Capacity

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Adani Ports in India beats its quarterly profit forecast on the back of higher cargo growth
Syria signs 30-year agreement with French shipping giant CMA CGM
Heavy rains and strong winds hit Indian capital, killing four people.