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Some UK Budget Good News for Shipping Industry

Mar 22, 2013

International accountant & shipping adviser Moore Stephens says the UK Budget 2013 contains generally good news for the shipping sector.Measures which will have an impact on the shipping industry include a reduction in the main rate of UK…

Lake Michigan Marinas Applaud Dredging Assistance Package

Mar 22, 2013

The Michigan Boating Industries Association (MBIA) thanks the Michigan State House and Senate for speedy support of bills.The package included assistance to public and private marinas and helped streamline the regulatory process within the Michigan Department of Environmental Quality…

Mercator Lines Reduce Liabilities in Challenging Market

Mar 22, 2013

Mercator Lines (Singapore) Indian-owned international dry bulk shipping company cuts short charters, sell a ship.The sale of the vessel Sri Prem Putli was concluded on 21st March, 2013 resulting in net proceeds of USD 44.4 million. The proceeds…

Restructuring Pays Off: Indonesian Shipyard Wins Orders

Mar 22, 2013

Singapore-based Otto Marine contracted to fabricate 4 pre-erected columns & pontoon blocks worth S$6.3-million.Otto Marine Limited, an offshore marine company which specialises in building complex offshore support vessels, ship chartering…

Tankship Major Crystal-gazes Interestingly

Mar 22, 2013

Euronav, report a trading loss of almost US$ 119-million after tax in year-ending 2012 report, expect oil transportation market to re-balance in 2013.Prospects for 2013 On the supply side, given the current state of the tanker market and…

SE Asia Oil Spill Response Initiative Launched

Mar 22, 2013

IMO & IPIECA, the global oil and gas industry association for environmental and social issues, jointly launch a new Global Initiative (GI).The GI programme, aimed at improving the oil spill preparedness and response capabilities in south east…

ABB Main Electrical Contractor for Ichthys Offshore Project

Mar 22, 2013

ABB appointed main electrical contractor for new semi-submersible central processing facility (CPF) at Ichthys oil & gas field in the Timor Sea off Western Australia. The order is valued at $15 million. ABB was awarded the MEC contract by the engineering…

LNG Shipping's Dream Run Over?

Mar 22, 2013

Drewry's latest 'LNG Insight' saw heating demand subside in major importing regions in February & cargo availablilty also tightened.Regarding cargo availability, a few unplanned shutdowns, caused a 4% decline in the LNG  Freight Index.LNG shipping enjoyed a dream run during 2011 and 2012…

Bow Riding in Heavy Weather: Coast Guard Safety Alert

Mar 21, 2013

Several passengers in the bow pulpit of a 106-ft whale-watching vessel were injured when a large wave was struck & threw them backwards.Injuries ranged from cuts and bruises to a broken patella (knee) and jaw. Although there were many other passengers on board at the time…

IMO Pledge to Support African Piracy Code

Mar 21, 2013

The organisation will help implement the West and Central Africa piracy code adopted at a recent ministerial meeting.IMO has pledged its support to assist in the implementation of a new Code of Conduct concerning the prevention and repression of piracy…

Guardian Salvage SUPSALV Masterminded

Mar 21, 2013

Naval Sea System Command's (NAVSEA) Supervisor of Salvage & Diving (SUPSALV) continues to support the removal of the wreck.Guardian ran aground on the coral reef Jan. 17, while transiting the Sulu Sea. After the initial grounding, strong winds…

CFOA Welcome 2013 Canadian Budget Provisions

Mar 21, 2013

The Canadian Ferry Operators Association (CFOA) expresses approval of industry-related budget measures.“This government continues to demonstrate its commitment to transportation infrastructure,” said Serge Buy, CEO of CFOA. “We look forward…

Scots Ferry Operator Wins Training Award

Mar 21, 2013

Ferry operator Caledonian MacBrayne (CalMac) wins award for its support of trade union-led training in the workplace.The award, from Scottish Union Learning in the Highlands and Islands, was presented to the company at an awards dinner held…

Jones Act Seems Beneficial to Puerto Ricans Finds GAO

Mar 21, 2013

American Maritime Partnership (AMP) member, Crowley Maritime Corp. distributes the following announcement:The long-awaited General Accountability Office (GAO) study on the Jones Act in Puerto Rico shows that the U.S. domestic container shipping fleet has provided regular…

Mass Maritime’s Manned Model Shiphandling Program

Mar 21, 2013

Nothing Beats Reality As advances in computing power have made marine training via simulator more mainstream, the majority would contend that the most effective training is on the water, at the helm. While training on real-world vessels can be tough due to time and safety constraints…

Logistics News

US Freight Industry Hopes for Back-to-School Demand Boost After Tariff Truce

US Freight Industry Hopes for Back-to-School Demand Boost After Tariff Truce

CMA CGM to Redeploy Fleet to Avoid US Port Fees on Chinese Vessels

CMA CGM to Redeploy Fleet to Avoid US Port Fees on Chinese Vessels

Israel Attacks Yemeni Ports, Says Houthi-Run TV Outlet

Israel Attacks Yemeni Ports, Says Houthi-Run TV Outlet

DFDS Reaches 10,000 Sailings in Türkiye

DFDS Reaches 10,000 Sailings in Türkiye

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Data shows that Venezuela's state oil company exports crude grade previously exported by Chevron
Israel attacks Yemeni ports, Houth-run television says
Sources say that Black Sea CPC blend oil exports decreased to 1.6 millions bpd during April.