Tanker shipping firm Nordic American Tankers Limited (NAT) announced that chairman and CEO, Herbjorn Hansson, and his family have increased their holding in the company. According to NAT, a company owned by Herbjorn Hansson and his son…
A bank lighting renewal program from Montreal to Lake St Louis on the northern side of the dike will begin this fall. The project will be starting at the northern extremity of the dike (Montreal Harbor) towards St Lambert lock this winter…
Dorian LPG Ltd. a leading owner and operator of modern Very Large Gas Carriers ('VLGCs'), reported today that it took delivery of the ECO VLGC Constitution from Hyundai Samho Heavy Industries. Constitution, Dorian LPG's eighth newbuilding delivery, will be operated in the Helios LPG Pool.
Maritime professionals from South and East Africa, Europe, Indian Ocean nations and the U.S. met for the Cutlass Express 2016 Main Planning Event (MPE) in Dar Es Salaam, Tanzania Aug. 4 – 7.The four-day planning event aimed to further develop exercise scenarios for partner nations…
NYK has been selected by the FTSE Group,* a global index provider, as a constituent in the FTSE4Good Index, marking the 13th straight year that the company has been included in this major yardstick for socially responsible investment (SRI)…
Wind power in the northern regions of Finland is developing most rapidly than other parts of the c Scandinavia and the Kola Peninsula.According to data collected on a statistical portal Patchwork Barents, regions of Ostrobothnia and Lapland…
Intellian, the leading provider of stabilized marine satellite antenna systems, has partnered with Telenor Satellite Broadcasting (TSBc) to deliver next generation high-speed maritime connectivity via Intellian’s industry leading 60cm and 1M VSAT platforms…
Intelsat S.A. today reported that its Intelsat 34 satellite was launched successfully from French Guiana aboard an Ariane 5 vehicle. Liftoff occurred at 4:34 pm EDT. The Intelsat 34 satellite separated from the rocket’s upper stage 40 minutes after launch…
The Malahat First Nations and Steelhead LNG plan for a floating natural gas liquefaction plant proposed for the waters of the Saanich Inlet. The Mill Bay-based Malahat First Nation and Vancouver-based Steelhead LNG have entered into a…
GC Rieber Shipping has more than doubled its net profit for the second quarter and recorded a year-on-year increase in profit on more vessels in operations and currency gains. However it has warned of a continued focus on shorter contracts in the future…
Norway’s Farstad Shipping ASA has seen red in the second quarter of 2015 as impairments and currency losses drove the company into a loss. Farstad’s profit after taxes (PAT) was negative NOK 119.5 million, versus positive PAT of NOK 46…
Diana Shipping Inc., has, through a separate wholly-owned subsidiary, agreed to extend the present time charter contract with Glencore Grain B.V., Rotterdam, for one of its Ice Class Panamax dry bulk vessels, the MV Crystalia. The charter…
There are strong indications that the current economic crisis faced by Greece may truncate a vessel acquisition deal worth over $250 million with some Nigerian ship owners, reports BizWatchNigeria. Recently, some ship owners Association…
Nearly 40 tourists rescued by Egyptian authorities as a passenger boat sinks in the Red Sea near Marsa Alam in southern Egypt. The boat carrying 26 French tourists and 10 Egyptians hit coral reefs before it sank off the Red Sea coast - one of the most prominent tourist attractions in Egypt…
The global dry bulk freight market, crippled by oversupply but seeing signs of renewed activity, is expected to take at least a year to hit the road to recovery, according to the latest Platts survey of shipping market participants. This…
