The market continues to struggle, and Drewry's latest Tanker Insight report saw the Drewry Tanker Earnings Index suffer a further decline in February.Weak demand hammered freight rates on major routes, especially for the larger vessel segments…
At the Georgia Ports Authority Board meeting, Executive Director Curtis Foltz reported strong growth for February.The GPA achieved an increase of 6.9%–or 147,650 tons–in total cargo compared to the same month last year, moving 2.27 million tons of freight in February…
AdvanFort appointed Dimitrios Angelopoulos, a retired Hellenic Navy submarine commander, as its new business development manager.Before coming to AdvanFort, Mr. Angelopoulos worked for Hellenic Shipyards S.A. as the project manager for the 214-type submarine contract with the Hellenic Navy…
Karl Senner LLC is a ubiquitous figure in the Gulf of Mexico workboat and offshore industry, supplying signature propulsion brands and service for decades. Industry insiders may have noted some changes of late, specifically the slight corporate identity slide from an “Inc…
The Safariland Group, a manufacturer of protective products and equipment primarily for law enforcement and the military, has acquired Mustang Survival and its related entities, Mustang Survival Inc. and Mustang Survival Mfg., Inc. (collectively…
KPI Bridge Oil, a global broker and trader in marine bunkers, marine lubricants and risk management products, has appointed Mr. Andrew Burton as Group Credit Manager. Andrew will be based at KPI Bridge Oil’s Headquarter in London.Andrew…
A decline in demand for Capesize vessels has been countered by an improvement in demand for Panamax vessels, according to the latest Dry Bulk Insight published by Drewry Maritime Research. This left the Drewry Hire Index unchanged from January’s level…
Jee Ltd, a U.K.-based independent multi-discipline engineering and training firm, has launched a series of initiatives to update its training courses through geographical expansion and technological innovation.The company will expand the current course schedule to include Lagos…
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…
