Recovery in the crude tanker shipping market is not expected until 2020 as weak trade growth and a bloated orderbook limit any rate recovery. But the timing of any market upturn will be heavily influenced by the level of scrapping, according to the latest edition of the Tanker Forecaster…
South Korean shipyards emerged on top for new orders in April, Business Korea reported quoting industry data. The global total amount of new shipbuilding orders reached 750,000 CGT last month and 340,000 CGT and 260,000 CGT went to South Korean and Chinese shipbuilders…
The International Chamber of Shipping (ICS) and IT Energy have announced the launch of the latest release of their acclaimed ISF Watchkeeper software – ISF Watchkeeper 3.5 – developed for maintaining records of individual seafarers’ work hour records…
Elbit Systems announced that it won a $40 million contract from the Brazilian Marines to supply advanced systems for computerization, electronic warfare, radio, and communications. The contract will be performed over a two-year period. The…
Greece-based DryShips, a diversified owner of ocean going cargo vessels, entered into an agreement with an entity affiliated with the Company’s Chairman and CEO, George Economou, to acquire one 158,000 deadweight tons Suezmax tanker currently under construction in China…
A new entry to the ballast water treatment promises compliance along with savings in both CapEx and OpEx. Who says there’s no ‘silver bullet’ in the BWTS game? In the port of Houston, Texas, three medium-sized tankers are berthed adjacent to one another at this sprawling petrochemical complex…
Abu Dhabi Ports the master developer, operator and manager of commercial and community ports in UAE, as well as Khalifa Industrial Zone, in conjunction with Abu Dhabi and the Korean Chambers of Commerce and Industry, have hosted an investment forum for the Korean market…
WSP | Parsons Brinckerhoff, a global engineering and professional services firm, is now WSP worldwide effective May 10. In the United States, the firm will operate as WSP USA. Parsons Brinckerhoff, a transportation engineering and management organization founded in 1885 in New York City…
Employers in the river sector and prospective employees will have a unique opportunity to network with each other on May 24 thanks to a partnership between RiverWorks Discovery and the Inland Marine Expo. RiverWorks Discovery will host the Who Works the Rivers career fair from 10 a…
Transporter of project, breakbulk and heavylift cargo Intermarine, LLC said it has expanded its Houston-based liner services from the Americas to the Mediterranean. The line will focus on service from the U.S. Gulf Coast/Americas to the Mediterranean…
Four years ao Montecon challenged Liebherr Maritime Cranes to design and built a pair of mobile harbor cranes, the world's largest, that would be able to reach up to 22 rows of containers, a feat of dockside logistics never seen before.The project was recently successfully completed…
Navios Maritime Partners, an international owner and operator of dry bulk and container vessels, announced on May 9 that it has agreed to acquire one 2011 South Korean-built Capesize vessel of 179,016 dwt for a purchase price of $31.05 million…
Global maritime software solutions provider Nautisk has announced that it is working with MarineMTS to provide automatic ENC updates to vessels sailing with ECDIS. Nautisk’s new Head of Innovation and Product Development Kjetil Bentsen…
Emmanuel Macron, the newly-elected French President, vowed during his election campaign to renegotiate the Le Touquet agreement which enables British border officials to carry out checks in France. The treaty provided for France and Britain to erect juxtaposed border controls in Channel ports…
Royal Vopak and AltaGas have entered into a joint venture and will invest together in the development of the Ridley Island Propane Export Terminal (RIPET). RIPET is expected to be the first propane export facility off the west coast of Canada…
