In ten years, India Shipping Summit held consistently in Mumbai, has sailed on a robust growth course despite the worldwide witnessing recessionary waves buffeting any endeavors to grow and gain. The reasons are not too far to see. From…
The Coast Guard and local agencies are working to ensure the safety of boaters and baseball fans during World Series games at AT&T Park this weekend. The Coast Guard Captain of the Port has established a safety zone effective from 2 p…
The French-German consortium Areva-Siemens , the supplier of Finland's much-delayed Olkiluoto-3 nuclear reactor, has increased its claim against Finnish utility Teollisuuden Voima (TVO), TVO said late on Friday.TVO and Areva have traded…
Sixteen workers were killed after a coal mine collapsed in China's far western region of Xinjiang, the official Xinhua news agency reported on Saturday, highlighting the poor safety standards in the world's biggest coal producing country…
The Board of Directors of COSCO Corporation (Singapore) Limited announced that COSCO (Dalian) Shipyard Co., Ltd a subsidiary of the Company's 51% owned COSCO Shipyard Group Co., Ltd, has delivered a 80,000 DWT bulk carrier, 'CIC EPOS', to its European Buyer…
ABB Turbocharging is celebrating its 25th anniversary in UAE. Established in 1989 in Dubai, ABB has grown to become a fully-fledged service station capable of carrying out all repair works with 27 employees in three locations. ABB Turbocharging…
The Navy will commission its newest attack submarine North Dakota, during a ceremony Saturday, Oct. 25, 2014, at Submarine Base New London in Groton, Connecticut.North Dakota, designated SSN 784, honors the state's citizens and veterans…
Ezra Holdings Limited, a leading contractor and provider of integrated offshore solutions to the oil and gas industry, today announced that the Group’s Subsea Services division, EMAS AMC, has won multiple new awards from various energy companies valued at over US$70 million…
The Maritime Administration (MARAD) is seeking comments on the agency’s proposed policy to accept, evaluate and process license applications for the construction and operation of offshore deepwater export facilities. The agency is proposing to use the existing Deepwater Port License regulations…
The United Nations Security Council authorized the inspection of boats suspected of carrying illegal shipments of charcoal or weapons to and from Somalia on Friday, though Russia and Jordan abstained from the vote over concerns about the move…
Watson, Farley & Williams (WFW) has advised ING Bank N.V. (ING) as sole bookrunner and facility agent for a syndicate of banks on a $340 million loan facility made available to Euronav NV.The facility is comprised of a $192m term loan facility and a revolving credit facility of up to $148m…
Eniram, the Finnish award-winning provider of fuel-saving technology, announced it had been named in the prestigious 2014 Global Cleantech 100, produced by Cleantech Group, whose mission is to connect corporates to sustainable innovation through the i3 market intelligence platform…
London-based ship manager Newport Shipping has introduced a new revenue sharing agreement (RSA) concept to the Handysize bulk carrier sector and will now market the scheme under Newport Handy Bulkcarriers.The RSA concept, proven in the larger Supramax…
The Board of Directors of Matson, Inc. ('Matson' or the 'Company') (NYSE: MATX), a U.S. carrier in the Pacific, has declared a fourth quarter dividend of $0.17 per common share. The dividend will be paid on December 4, 2014 to all shareholders of record as of the close of business on November 6…
Vessel operating costs are expected to rise by almost three per cent in both 2014 and 2015, according to a new survey by international accountant and shipping consultant Moore Stephens. The…
