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General Dynamics Contibute $0.5 mi to CIMVHR

Dec 24, 2014

General Dynamics Canada is proud to announce a contribution of half a million dollars over three years to support the work of the Canadian Institute for Military and Veteran Health Research (CIMVHR). The contribution will fuel research into understanding…

USCG Urge Precaution During Impending Storms

Dec 24, 2014

The Coast Guard is urging mariners and the coastal community to take precautions in preparation of two storms expected to impact the Northeast Wednesday and Thursday.The National Weather Service has issued a coastal flood advisory in anticipation of storm surges and locally heavy rainfall…

Yamal, the Future of Russian Gas Industry

Dec 24, 2014

Yamal is seen as the future of the Russian gas industryDevelopment of an unparalleled gas production center is well underway in Yamal, in harsh Arctic latitudes. The annual design capacity at Bovanenkovo has already amounted to 90 billion cubic meters of gas…

Ezion Holdings to Acquire Teras Conquest

Dec 24, 2014

The Board of Directors of Ezion Holdings Limited (the “Company”) wishes to announce that the Company had acquired 92,000 ordinary shares of S$1.00 each representing 92% equity interest in Teras Conquest 7 Pte. Ltd. a company incorporated in Singapore (the “Subsidiary”)…

North West Shelf to Process 3rd Party Gas

Dec 24, 2014

Woodside, as operator of the North West Shelf (NWS) Project, informed that the NWS Project participants today signed a non-binding Letter of Intent with Hess Exploration Australia Pty Ltd to process resources from Hess’ permits in the Carnarvon Basin…

Great Ships of 2014 Named

Dec 23, 2014

In the culmination of it 75th Anniversary year in 2014, Maritime Reporter & Engineering News is announced the 17 “Great Ships of 2014” in its December 2014 edition, available now at:http://digitalmagazines.marinelink.com/nwm/MaritimeReporter/201412/The…

Tier III Marine Power: Genset with SCR

Dec 23, 2014

Rolls-Royce brand MTU and Fairplay Towage are set to test an MTU diesel genset with SCR exhaust after treatment in a harbor tug in order to verify compliance with IMO Tier III emission requirements that come into force as of 2016. According to the manufacturer…

ThyssenKrupp Sells Emden Shipyard

Dec 23, 2014

ThyssenKrupp and Seafort Advisors GmbH have entered into an agreement on the sale of the Emder Werft und Dockbetriebe shipyard in Emden. ThyssenKrupp began looking into alternative strategic options for the company at the end of 2013 as part of the group's strategic way forward…

EPA, USCG Extend Agreement with Royal Caribbean

Dec 23, 2014

New technologies allow industry to comply with emission standards, reduce costs The U.S. Environmental Protection Agency (EPA) and U.S. Coast Guard (USCG) authorized formal exemptions by Royal Caribbean Cruise Lines that allow for the enlargement…

IMO: New ECA Sulfur Limits FAQ

Dec 23, 2014

Ships trading in designated emission control areas will have to use onboard fuel oil with a sulfur content of no more than 0.10% from January 1, 2015, against the limit of 1.00% in effect up until December 31, 2014.  To help provide further clarification on the new regulations…

New CMA CGM Agency in Albania

Dec 23, 2014

CMA CGM has opened CMA CGM Albania, a new group agency in Durres, to replace its former third-party agent with immediate effect.

Nicaragua Canal Developer HKND plans IPO

Dec 23, 2014

The Hong Kong-based company with a concession to build a $50 billion shipping canal in Nicaragua said on Tuesday it is preparing to launch an initial public offering. Wang Jing, Chairman and Chief Executive of the HK Nicaragua Canal Development Investment Co Ltd (HKND Group)…

Sparrows Set for European Growth

Dec 23, 2014

The Sparrows Group has made two key appointments to its senior management team as it looks to enhance its market share in the U.K. and grow its operations throughout the rest of Europe during 2015, the company said.The group has promoted Mark Beveridge to the role of European Operations Director…

Chesapeake Shipbuilding Expands Design Department

Dec 23, 2014

Chesapeake Shipbuilding of Salisbury, Md., is expanding its design department and is actively seeking two naval architects and one marine engineer to add to its design team. The design office provides engineering and technical support for the company’s newbuild program and fleet operations…

FMCS to Mediate West Coast Ports Negotiation

Dec 23, 2014

The U.S. Federal Mediation and Conciliation Service (FMCS) has received a request from representatives of the Pacific Maritime Association (PMA) to provide mediation services in the PMA’s continuing labor negotiations with the International…

Logistics News

Russian Oil Freight Rates to India Remain High

Russian Oil Freight Rates to India Remain High

EU Wheat Falls Further As Market Awaits Black Sea Diplomacy

EU Wheat Falls Further As Market Awaits Black Sea Diplomacy

Russia Ships More Than 10 Million Barrels of Crude to China Via Northern Sea Route

Russia Ships More Than 10 Million Barrels of Crude to China Via Northern Sea Route

Baltic Index Hits Almost Five-Year High

Baltic Index Hits Almost Five-Year High

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Son of Sri Lanka's ex-president arrested on corruption charges
Bild reports that German police are responding to new attempts at sabotage on power grids.
Group says at least 37 people killed in Nigerian pipeline accident