Close to the hypothetical half-way mark Francois Gabart (MACIF) and Armel Le Cléac’h (Banque Populaire) lead the Vendée Globe 2012/13 race.After separating briefly on Saturday, Francois Gabart (MACIF) and Armel Le Cléac’h (Banque Populaire)…
Twenty-two hostages seized by pirates nearly three years ago have been freed from the Panama-flagged 'MV Iceberg One'.Authorities in Somalia's semi-autonomous region of Puntland informed the BBC that their maritime force began the operation…
Buccaneer Energy contextualizes termination of its contract with Archer Drilling as project manager of work on one of its jack-up rigs.The contract was for Archer Drilling to act as project manager of modifications and repairs to the Endeavour…
Gatekeeper USA, Inc. explains its marketplace and its innovation in container tracking and security.Containers account for 95% of U.S. import-export shipboard cargo. It is estimated there are 200 million shipboard trips annually among seaports around the world…
Wärtsilä's AQUARIUS® UV Ballast Water Management System (BWMS) has been granted Type Approval in accordance with the 2004 IMO Convention.This approval endorses Wärtsilä’s BWMS market entry and provides ship owners with greater cost effective…
Ingalls Shipbuilding brings holiday cheer to communities through employee donations and $15,000 to local food banks.Huntington Ingalls Industries' Ingalls Shipbuilding division and its employees have participated in holiday giving throughout all of the communities on the Gulf Coast…
The first of the new 105 meter class of Naval Offshore Patrol Vessel to be commissioned INS Saryu' handed over to the Indian Navy.The new vessel, indigenously designed in-house and built by Goa Shipyard Ltd. was handed over in a simple ceremony in Goa by RAdm (Retd) Vineet Bakhshi…
Westports Malaysia, operator of the country’s busiest port, Port Klang looks to potential markets in SE Asian countries to expand container business.Chief executive officer, Ruben Emir Gnanalingam, considered that despite the slowing down of demand in Europe…
UK Government announce its decision on international aviation and shipping emissions.Government will defer a decision on whether to include international aviation and shipping emissions in carbon budgets until the setting of the fifth carbon budget in 2016…
Market analysis suggests winter demand could cause LNG freight rates to rise but downward pressure might later be forthcoming.Rising LNG prices, almost stagnant liquefaction capacity amid expanding regasification capacity and development…
Diana Shipping Inc. signs MOU to buy a new-building bulk ship from a third party; subsidiaries negotiate term loan facilities.The new-building Kamsarmax dry bulk carrier, to be named Myrto of 82,131 dwt, was built by Tsuneishi Shipbuilding Co…
Rowan Companies plc gives an update on notable events. EXL I: Changed day rate to mid $220s (previously mid $210s) due to amortization adjustment. J.P. Bussell: Rig is expected to be off rate for five days in 1Q 2013. Scooter…
COSCO Singapore subsidiary COSCO Zhoushan contracted with further opetion to build four Rolls Royce design Platform Supply Vessels (PSV's).The value of the contract with a Hong Kong shipowner, is about US$119.2 million in total, and deliveries are expected to begin in the first half of 2014…
The sheer magnitude of insurance claims year on year within the shipping industry is striking. The complexities that now come with these claims is placing increasing pressure on surveyors to employ ever more sophisticated techniques in their…
The Coast Guard is continuing to oversee the response to a motor tanker that suffered a hull breach to their ballast tank on the Hudson River near Stuyvesant, N.Y. Thursday.Coast Guard Sector New York was notified Thursday that the 600-foot motor tanker…
