India Ratings and Research (Ind-Ra) has maintained a negative-to-stable outlook for the shipping sector for the current financial year. The agency expects the performance of dry bulk and container operators to continue to be affected by weak global trade growth and persistent overcapacity…
Norway-based BW Gas will provide Egypt with a liquefied natural gas (LNG) floating import terminal under a five-year contract. This comes as as the North African country's government grapples with energy shortages. 'BW has been selected…
Up to 2,500 shipbuilding jobs in Adelaide will be safe for 'all time', the Prime Minister says, ahead of the expected announcement to build a new fleet of Navy ships worth $39 billion, reports ABC. However, he said naval shipbuilding jobs…
Oil tanker Ye Chi reported fire in superstructure in living quarters to MRCC Shanghai caught fire yesterday (August 3) afternoon off Dayangshan Island, Shanghai. Five crew were seriously injured in fire, they’ve been taken to hospital, one of them died…
Cochin Shipyard launched the seventeenth in a series of tweny Fast Patrol Vessels (BY 517) being built for Indian Coast Guard, the shipbuilding company said in a press release. The vessel named 'ICGS ARUSH' was launched by Jyothi Devanand…
DP World and the Port of Melbourne Corporation have reached an agreement on a new 50-year lease, ending months of negotiation over rental increases at Australia’s biggest port. The Port of Melbourne will forego tens of millions of dollars…
The CMA CGM Group upgrades its Lebanese service by adding a call in Beirut on its EPIC line, joining North Europe to Indian sub-continent, and on its MEX line, joining the Mediterranean to Asia. 'We are pleased to announce that starting…
Rear Adm. (select) Moises DelToro III relieved Rear Adm. Michael E. Jabaley Jr. as commander of the Naval Undersea Warfare Center (NUWC) during a change of command ceremony on Friday, July 31, in Newport, R.I. NUWC, which has divisions in Newport…
Citing crew transfer services as an integral part of its offering, offshore wind industry service provider CWind announced it is now a member of the National Workboat Association (NWA) of the U.K. As the offshore wind industry matures and…
The world's third-largest container shipping group, France's CMA CGM, said on Monday it would resume operations to Iran following the deal between Tehran and world powers over the Middle Eastern country's nuclear program. 'Following the…
Jörg Beiderbeck, recognized as a figure among the world’s top megayacht designers, has passed away at the age of 69 on the evening of Sunday, August 2, at his home in Bremen-Vegesack, after a long illness. He leaves behind his long-term partner as well as a son and a daughter…
Congressman Ryan Costello (R-PA-06) visited marine equipment distributor JA Moody in Malvern, Pa., witnessing firsthand the skilled jobs and businesses that the production of U.S. Navy amphibious warships brings to the region and to the local economy…
The Institute of Marine Engineering, Science and Technology (IMarEST) is supporting the professional development of seafarers by mapping Class One Certificates of Competency (unlimited) and Master Mariner Certificates to a Chartered Status qualification…
Actisense annoounced it will provide its expertise to marine industry professionals from across the U.K. in a dedicated free workshop on August 19. Following on from the success of its previous workshops which took place in February and April of this year…
The Duluth Seaway Port Authority informs it is expanding the role of one of its management team members, reassigning duties of others and will be adding a new facilities manager to the staff in September. Jim Sharrow, who has served as the port authority’s facilities manager since 2002…
