In his New Year message, Mitsui O.S.K. Lines President Muto predicts loss in 2013 of same magnitude as last year, suggests new business model.Excerpts from Mr. Muto's message follow:'The marine transport industry has faced a challenging…
Vroon takes delivery of 'MV Sicilian Express', the last in a series of four bulkers built at COSCO Dalian Shipyard, China.MV Sicilian Express is a 92,500-dwt post-panamax bulk carrier, and her Chinese crew sails under the Gibraltar flag…
Equinox Offshore Accommodation Ltd. faced with a winding-up petition for a US$600,000 claim, applies to Singapore Court for 'judicial management'.The Board of Equinox Offshore was not able to resolve the matter relating to the winding up petition…
The Hebron field development offshore Newfoundland and Labrador was sanctioned by operator ExxonMobil and its co-venturers.Located approximately 350 km offshore Newfoundland, the Hebron platform will be a concrete Gravity Based Structure (GBS) in 95 meters water depth…
BP Plc confirms an order for 13 of the vessels, 2012’s largest tankship shipbuilding order.According to information obtained by Bloomberg the order, placed with Changwon, South Korea's STX Offshore & Shipbuilding Company, includes three Suezmax ships…
Recreational boating industry reports ten percent increase in new power boat sales in 2012: first sign of healthy growth since recession.According to the National Marine Manufacturers Association (NMMA) early projections indicate the industry…
Aerial and onboard inspections confirm the vessel remains firmly aground & stable on Sitkalidak Island, Alaska, with no sign of leakage of pollutants.Naval architects on the survey team confirm the Kulluk is structurally sound and fit for towing to safe harbor in nearby Kiliuda Bay…
BP and partners start production of oil/gas from the Skarv field in the Norwegian Sea, one of a series of new major upstream projects.“The start-up of Skarv is a key operational milestone for BP, adding new production from one of our core higher-margin areas…
J.F. Lehman & Company investment affiliates acquire AMECO, provider of electro-mechanical solutions to the defense, aerospace and maritime sectors.IMECO, based in Iron Mountain, MI, is a leading independent domestic provider of turnkey marine electro-mechanical solutions for U…
Unusually thick sea ice on Laizhou Bay in east China's Shandong Province strands coastal ships.Zheng Dong, chief meteorologist at the Yantai Marine Environment Monitoring Center under the State Oceanic Administration informs that the ice…
Major paint & coatings company AkzoNobe & Taiwan's U-Ming Marine Transport Corp's 44 ships join the Sustainable Shipping Initiative (SSI).The SSI is facilitated by global sustainability non-profit Forum for the Future in conjunction with NGO World Wildlife Fund…
Seanergy Maritime Holdings Corp. has completed the sale of its 100% ownership interest in Bulk Energy Transport (Holdings) Limited (BET). The Buyer, I.M.I. Holdings Corp., is an affiliate of members of the Restis family, the Company’s major shareholders…
Huntington Ingalls Industries' subsidiary AMSEC contracted to support submarine & surface ship new construction.AMSEC LLC subsidiary has been awarded a contract by the U.S. Navy's Space and Naval Warfare Systems Command (SPAWAR). The contract is in support of design…
Models Project Northward Distribution Shifts Using Temperature, Estuarine Habitats as Key Factors. NOAA scientists continue to develop and improve the approaches used to understand the effect of climate change on marine fisheries along the U…
Maritime Workers Applaud Congressional Passage, Presidential Signature of Coast Guard Bill. On behalf of the American Waterways Operators (AWO) and its 350 member companies, AWO President & CEO Tom Allegretti thanked bipartisan leaders in…
