South Korean shipbuilder STX Offshore & Shipbuilding (STX O&S) has won an order for up to eight LR1 tankers with a total value of $ 375 million. The contract provides for the construction of four oil tankers of 74,000 tons plus the ability to build four additional ships…
French container line CMA CGM’s consolidated net profit soared to $406 million in the first quarter from $97 million a year ago as the French carrier capitalized on efficiency gains, cost cuts and sharply lower bunker prices. Net profit…
Maersk Line announced that it has entered into Vessel Sharing Agreement (VSA) with Mediterranean Shipping Company (MSC) and Mitsui O.S.K Lines (MOL) on the Asia to East Coast of South America trade. Two loops are covered under the agreement and will be served by 22 vessels in total…
Philippines head quartered International Container Terminal Services Inc. has expressed interest in a majority stake in Piraeus port in Greece, says a report in AFP. “Yes. We are now reviewing this opportunity,” ICTSI vice president and treasurer Rafael Consing Jr…
EU foreign ministers have agreed to launch a military mission against migrant smugglers in the Mediterranean. The decision allows European governments to move ahead with plans for a naval operation. European naval forces will intercept…
The U.S. Coast Guard detained the Ikan Sudip, a Panamanian-flagged 600-foot bulk carrier, after discovering significant environmental and safety violations during an inspection in Astoria. The violations included a failure to use engineering procedures required by U…
Ronnie Grimberg has joined the FairfieldNodal as sales manager for Central and South America, bringing with him 17 years of experience in the seismic industry, most recently as the regional marketing and sales manager for North and South America for Dolphin Geophysical…
British engineering group Rolls-Royce (RR.L) said it would cut 600 jobs in its Norwegian-focused marine business in response to the lower oil price, a move it said would have a 'broadly neutral' impact on 2015 profits. Rolls-Royce is in…
The European Council approved a new shipping regulation on the monitoring, reporting and verification (MRV) of CO2 emissions on April 28, 2015, as part of its overall strategy to reduce greenhouse gas emissions by 2050. The regulation, slated to enter into force on July 1…
Robert De Hoyos has joined WPT Power Corporation as the company’s new engineering manager, bringing to the post 21 years of manufacturing experience as a mechanical engineer. De Hoyos’ expertise is in new product design, drawing and routing…
Unithai Shipyard was recently awarded its 2,000th contract for repairing a vessel in dry dock. The largest shipyard in Thailand, Unithai performs an average of 100 vessel repairs per year, recording its 1,000th repair order in 2006. And if repair operations afloat are also tallied…
April 25's 7.8-magnitude earthquake in Nepal and subsequent aftershocks have disrupted last mile communications to communities with millions of people needing medical and other relief support. Intelsat has donated its satellite services to two…
The North Sea oil and gas industry has been urged to buck the trend and prepare for growth in the near future. Attendees at an event organized by subsea intervention and commercial diving specialists K.D. Marine in Aberdeen recently, heard an upswing in oil price was imminent and…
Gerry Northwood OBE, COO of a maritime security company MAST, commented this morning on BBC Radio 5 on the security situation in Libya and the EU foreign and defence ministers' plans to seize boats of migrant traffickers before they go out to sea…
InterMoor Inc. has been selected as one of the top workplaces in the Greater New Orleans area, according to a list compiled by the New Orleans Times-Picayune. The top workplaces are determined on employee feedback. The employee survey is conducted by WorkplaceDynamics…
