The Port of Rotterdam reports 2012 fuel oil bunker volume fell from 11.6 to 10.3 million tonnes.The Port of Rotterdam Authority attributes the decline as a whole to the more efficient way of sailing adopted by shipping (‘super slow steaming’)…
FarSounder is a sponsor for Day 2 of the 2013 American Superyacht Forum in Las Vegas, hosted by The Superyacht Group.FarSounder, Inc. is a U.S. based high technology marine electronics manufacturer specializing in underwater acoustics, and the provision of realtime 3D sonar systems…
Sailors aboard 'USS Abraham Lincoln' (CVN 72) completed a major step in its overhaul, removing all flight deck catapults.The aircraft carrier's V-2 division teamworked with Huntington Ingalls Industries, Newport News Shipbuilding shipyard workers…
ABB Turbocharging unveil its new A200-L generation of single-stage turbochargers for low-speed two-stroke engines.The A200-L’s compressor stage has been optimized to enable significantly more additional volume flow. In comparison to previous models…
Mitsui OSK Lines' financial statement for Q3, December 31, 2012, underlines a stagnant shipping market.Excerpts from the statement follow:Looking at the maritime shipping market conditions, in the dry bulker market, conditions for all vessel…
Greece's Nautilus Marine Acquisition Corp. (Nautilus) extends tender period referring to the acquisition of Assetplus Ltd.The tender offer, as amended, has been extended until 5:00 p.m., New York City time, on February 13, 2013, unless further extended or earlier terminated…
Capital Product Partners L.P. (CPLP) attribute fourth quarter 2012 net loss to a US$43.2-million impairment charge.CPLP an international owner of modern tanker, dry bulk and container vessels has released its financial results for the fourth quarter ended December 31…
9 cruise industry associations to operate under a common organization with a unified structure to better serve the industry.The new association was created to provide increased benefits and a globally unified voice for cruise lines, travel…
Inchcape Shipping Services (ISS) advised of 48 hour strike action in Greece by the Seamen’s Union from 0600 on Thursday 31 August until 0600 on Saturday 2 February 2013. ISS Greece has confirmed that the strike disruption means that there…
More car carriers benefit from established MacGregor electric-drive technology.MacGregor, part of Cargotec, has secured a contract to deliver electrically-driven RoRo equipment for two new car carriers under construction at Shin-Kurushima's main facility…
Former Executive Convicted for Role in Price-Fixing Conspiracy Involving Coastal Freight Services Between the Continental United States and Puerto Rico. Following a two-week trial, a federal jury in Puerto Rico today convicted a former executive…
On Tuesday, January 1, 2013, the United States Senate confirmed President Obama’s nomination of William P. Doyle, of Pennsylvania, to be a Federal Maritime Commissioner. Commissioner Doyle was sworn in on January 10, 2013. Today, a ceremonial swearing-in of Mr…
International Mobile Satellite Organization (IMSO) visited by International Maritime Organization (IMO) Secretary-General.The purpose of the visit was to discuss matters of mutual interest, in particular in the field of the future of maritime…
Samsung Heavy Industries (HII) Q4 3012 net profit fell 59% due to costs related to an oil-leakage accident in 2007.Net profit for the three months ended December 31 fell to KRW73 billion from KRW176.5 billion a year earlier, reports Fox Business News…
DONG Energy to build this offshore wind farm (OWF) located in the North Sea off the British east coast.The construction will represent a total investment of approximately EUR 1 billion including the construction of the transmission assets…
