The International Bunker Industry Association (IBIA) has appointed Captain Peter Hall as its new chief executive. A former CEO and harbor master of the Gibraltar Port Authority, Peter Hall’s 40 year career in the shipping industry has encompassed a wide range of roles including 18 years at sea…
In a letter to unit holders First Lease Ship Trust (FSL Trust) chairman Wong Meng Heng comments on the Trust's 2012 financial report: excerpts as follows:'The industry witnessed another dismal year as weakness in freight rates and asset values persisted in 2012…
Abu Dhabi Ports Company (ADPC) has signed a MoU with Abu Dhabi Terminals (ADT) & several government agencies with the aim of speeding up port formalities.The MoU, signed on the sidelines of the recent World Ports and Trade Summit 2013 (WPTS)…
The 'SS United States' is sending out what may be its final distress call.The conservancy working to secure a home and purpose for the 990-foot-long ship tells the Associated Press that it could be sold for scrap within two months unless they can raise $500…
The Coast Guard has identified a sunken fishing vessel missing since 1972.The Schmidt Ocean Institute research vessel Falkor in concert with Bureau of Ocean Energy Management found an unknown sonar target object December 2012, and sent a remote operating vehicle (ROV) to investigate…
Contract awarded for a second container terminal that will double the African state's capacity.The Ivory Coast Government has awarded a contract for the construction of a second container terminal at the port of Abidjan to a consortium of French companies Bollore…
SHC Wavedancer, with a new patents pending design, is capable of transforming from a high speed catamaran to a semi-submersible platform. The desingers believe that this innovation has enormous global potential for use in the offshore energy markets…
Iceland, which issued its first offshore oil and gas exploration licenses this year, seeks to become a hub for subsea explorers from Greenland to Jan Mayen.Foreign Minister Ossur Skarphedinsson announced that Icelandic companies will probably follow oil-service provider Fafnir Offshore’s 7…
Mitsubishi Heavy Industries (MHI) and Imabari Shipbuilding jointly establish the MI LNG Company, Limited.Through establishment of the JV, the two companies aim to proactively prepare a structure capable of responding to large-scale LNG carrier construction projects…
GL Garrad Hassan was technical adviser to Mitsubishi Corporation (MC) on their recent acquisition of a 49% stake in the BorWin1 and BorWin2 German offshore high-voltage, direct current (HVDC) links. The company acted as the sole technical…
Huntington Ingalls Industries' Newport News Shipbuilding Division receives a $407 million contract extension to a previously awarded John F. Kennedy (CVN 79) contract.The award of the contract extends the period of performance, adds additional efforts for engineering…
The National Shipping Company of Saudi Arabia (Bahri) sells 'Saudi Diriyah' for recycling.The sale of the general purpose cargo vessel raised the sum of SAR. 30,257,136 generating a net gain of SAR 19,523,391 after deducting its book value and all expenses associated with the sale…
The Cambridge Academy of Transport's 4-day course aims to provide an overview of the whole shipping business from A to Z.Being an expert in one field is no longer enough – an awareness of the whole business is essential. Environmental issues impact economics…
The merger earlier this year of Fugro's three UK-based environmental service providers to form Fugro EMU made it the largest organisation in the UK.Fugro EMU Limited, the largest commercial marine environmental services organisation in the UK…
The tankship 'Nord Integrity' took advantage of favourable winds & current to drift some 280 miles on passage to the loading port in order to save fuel.The 48,026 dwt tankship saved US$17,000 by shutting down the main engines and drifting…
