Citing declining vessel values and 'volatile industry conditions,' FSL Trust Management Pte. Ltd., as trustee-manager of First Ship Lease Trust, announced the Trust has taken an impairment charge of $24.1 million on eight vessels, and consequently a net loss of $21…
Dutch geo-consultancy Fugro’s integrated capabilities clinch further work for Sirius at the world’s largest high grade polyhalite deposit. The award of two major new contracts integrating geotechnical and geophysical investigations sees…
Trade unions in Jakarta International Container Terminal (SPJICT) will be striking from 3 until 10 August over what they claim as 'ruthless attacks to workers’ rights'. According to local media, the Federation of Indonesia Ports Union (FPPI)…
Three weeks after the grounding of Kea Trader on a reef off New Caledonia, the removal of heavy fuel oil from the 2017-built containership is now underway and could be completed next week. According to Radio New Zealand, helicopters are…
Dunkirk's LNG Terminal and Dunkerque-Port signed an agreement for the development of an liquefied natural gas (LNG) station to supply tank trucks. The use of LNG by shipping has grown significantly in recent months with new projects (orders for ships…
Qatar Navigation (Milaha) reported an 85 percent fall in second-quarter net profit, reports Reuters. Second-quarter net profit stood at 30.8 million riyals ($8.5 million) in the three months ending June 30, versus 201.4 million riyals a year earlier…
Following the launch of International Maritime Organization (IMO)’s film on the IMO Polar Code, a new video (watch video here) focused on search and rescued in polar regions is being published.The second video in a series on IMO in the polar…
SUNY Maritime College’s Stephen B. Luce Library has been awarded $50,000 from the National Park Service and the U.S. Maritime Administration (MARAD) to continue efforts to digitize records documenting the history of Sailors’ Snug Harbor on Staten Island…
The International Maritime Prize for 2016 will be awarded to former Secretary General of the International Maritime Organization (IMO) Koji Sekimizu for his contribution to the work of IMO over many years. The Council unanimously decided to award the Prize to Sekimizu…
The Helen Delich Bentley Port of Baltimore’s public marine terminals have for the first time surpassed one million tons of general cargo in one month, handling a total of 1,007,704 tons in May and leapfrogging past the previous record of 923…
A freight train on a CSX Corp line derailed in southern Pennsylvania on Wednesday, the company said, and local authorities said a freight car struck a garage which caught fire and they ordered the evacuation of nearby residents. No injuries were reported after the derailment in Hyndman…
The Port of New Orleans has launched a series of roundtable discussions to promote professional services opportunities to local and small architectural and engineering companies as part of a business outreach initiative. To date, two roundtables…
The Chairman of the Association of African Maritime Administrations (AAMA) Dr. Dakuku Peterside has stated that Maritime Administrations (MARADs) in Africa are set to tackle the twin issue of piracy, sea crime and illegal migration in the continent…
World trade is growing again which will give a big boost to middle distillates such as diesel used in the high-power engines that move almost all freight.World trade volumes grew by 5 percent in the three months to May compared with the same period a year earlier…
The Maritime Authorities of the Tokyo and the Paris Memoranda of Understanding (MoU) on Port State Control will launch a joint Concentrated Inspection Campaign (CIC) on safety of navigation. The aim of the CIC is to check compliance with the applicable requirements of the SOLAS Convention…
