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Size of London Gateway Port Impresses Minister

Feb 12, 2013

UK Transport Minister, Stephen Hammond, goes to see London Gateway’s state-of-the-art port technology.Fully automated stacking cranes (ASCs) currently being installed at the UK’s new national hub port will increase reliability and ensure smoother…

Greece's Danaos Maintains Last Year's Profitability

Feb 12, 2013

Danaos Corporation reports fourth quarter and full year results for the year ended December 31, 2012.Financial highlights: Operating revenues of $151.8 million for the three months ended December 31, 2012 compared to $128.3 million for the three months ended December 31…

Counter-piracy Firm, AdvanFort, Panama-flag Approved

Feb 12, 2013

AdvanFort Company, approved by the Panama Maritime Authority (PMA) for Panama-flag vessel counter-piracy operations.“We at AdvanFort are very pleased that the world’s largest flag state has vetted our company and approved our highly-trained operators to protect their ships from piracy attack…

New Deepwater Construction Vessel for Technip

Feb 12, 2013

Technip name subsea construction & flexible pipelay projects vessel 'Deep Orient' in Vigo, Spain.During the ceremony held at the Metalships & Docks (MSD) shipyard in Vigo, the ship was named by the vessel’s godmother, Véronique Delormel, wife of Frédéric Delormel…

Maryland May See Nation's First Offshore Wind Farm

Feb 12, 2013

A stripped-down wind-energy proposal backed by Maryland’s governor gains traction in the legislature.The proposal may be the first step in creating a network of offshore turbines and sub-sea cables spanning the U.S. Atlantic coast, reports Bloomberg…

'Carnival Triumph': Latest News

Feb 12, 2013

The cruise ship, disabled by an engine room fire, will probably be towed to Mobile,  AL.Carnival Triumph was originally intended for towage to the Mexican port of Progreso, however after drifting through currents in the Gulf of Mexico, she is expected to dock instead in Mobile…

Navy's First JHSV Visits St. Petersburg

Feb 11, 2013

Military Sealift Command's (MSC) joint high-speed vessel, USNS 'Spearhead' visits the Port of St. Petersburg, FLA. U.S. Rep. C.W. Bill Young, Mayor Bill Foster and other distinguished visitors from St. Petersburg joined Navy Chief of Information Rear Adm…

YachtCloser Appoints Jim Coburn

Feb 11, 2013

YachtCloser, the yacht brokerage industry’s web-based contract management system, names Jim Coburn to its strategic advisory board.In this capacity, Coburn will work with the YachtCloser team on the development of new and innovative products…

Dryships to Raise Stockmarket Cash

Feb 11, 2013

Greece's DryShips Inc. is to offer the public 5-million of the common shares it holds in Ocean Rig UDW.Following the completion of the offering, DryShips is expected to own approximately 61.3% of Ocean Rig’s outstanding shares (Ocean Rig is a provider of offshore deepwater drilling services)…

TT Club Spots Innovation Trend in Logistics Sector

Feb 11, 2013

Insurance specialist in the global freight industry, TT Club, sees proliferation in technological capabilities & tailored supply chain processes.A long-term supporter of the British International Freight Association (BIFA) Awards, TT Club sponsored the 2012 European Logistics Award…

USA Maritime Applaud Caucus Launch

Feb 11, 2013

USA Maritime & its member organizations applaud the launch of a new bipartisan Congressional Maritime Caucus.The organization also thanked the new Caucus Co-Chairs Representatives Cedric Richmond (LA-02) and Michael G. Grimm (NY-11) for their…

NAT Weathering a Weak Shipping Market

Feb 11, 2013

Nordic American Tankers Limited (NAT) publishes its Q4 2012 financial report.Extracts from the report follow:In 2012, NAT improved its relative position within the industry despite a weak market. By retaining a strong balance sheet throughout 2012…

Port of Hamburg 2012 Throughput Tonnage Down

Feb 11, 2013

At 131 million tons in 2012,  total throughput in the Port of Hamburg remained slightly below the previous year.Hamburg nevertheless remains the second largest container port in Europe and consolidates its 14th place among container ports worldwide…

HII President Addresses BEYA STEM Conference

Feb 11, 2013

Huntington Ingalls Industries' President & CEO Mike Petters keynote speaker at 27th Black Engineer of the Year (BEYA) Science, Technology, Engineering & Math (STEM) Conference.Petters spoke at the Historically Black Colleges and Universities (HBCU) Engineering Deans' Power Breakfast…

WISTA USA Keynote: 'Bringing Youth into the Maritime Industry'

Feb 11, 2013

Birgit Liodden of YoungShip International to keynote WISTA USA lunch at CMA's Shipping 2013 conference.“We are pleased that fellow WISTA Norway member Birgit Liodden will be sharing her experiences bringing youth into our maritime industry with us at the luncheon”…

Logistics News

Port of Los Angeles Reports Busiest Month Ever

Port of Los Angeles Reports Busiest Month Ever

The Pasha Group Acquires Assets of MacMillan-Piper LLC, Tacoma Transload LLC

The Pasha Group Acquires Assets of MacMillan-Piper LLC, Tacoma Transload LLC

CK Hutchison: "Reasonable Chance" $22.8B Ports Sale Will Go Through

CK Hutchison: "Reasonable Chance" $22.8B Ports Sale Will Go Through

Bunker Sales Surge in Singapore

Bunker Sales Surge in Singapore

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EIA: Puerto Rico's customers experience 27 hours of power outages per year, even in the absence of hurricanes
Sources say Trafigura has withdrawn zinc from LME storages and is preparing to ship some of it to the US.
Freeport LNG Export Plant in Texas is on track to resume full power by Thursday, LSEG data indicates