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North American Emission Control Area Now in Effect

Jul 31, 2012

The North American Emission Control Area (ECA), under the International Convention for the Prevention of Pollution from Ships (MARPOL), is in effect from 1 August 2012.Stricter controls on emissions of sulphur oxides (SOx), nitrogen oxides…

MOL Financial Highlights Latest Quarter 2012

Jul 31, 2012

Mitsui O.S.K. Lines (MOL) records a loss in its recent quarterly financial report.MOL recorded a loss in its business performance over the first quarter, despite making an improvement in its bottom line compared with the same period of the previous fiscal year…

Dockwise Offers Southbound Superyacht Discount Deliveries

Jul 31, 2012

Dockwise Yacht Transport (DYT) teams up with New Zealand Millennium Cup for competitor yacht deliveriesDYT offers an attractive discount on southbound shipping for the 2013 as well as 2014 and 2015 editions of the popularNew Zealand Millenium Cup superyacht event…

Bayley Tapped as President, CEO Celebrity Cruises

Jul 31, 2012

Royal Caribbean Cruises, Ltd. said that Michael Bayley has been promoted to President and CEO of Celebrity Cruises, replacing Dan Hanrahan, whose departure was recently announced.  Bayley will report directly to Richard D. Fain, Chairman and CEO of Royal Caribbean Cruises…

SevenCs Appoints New Sales Director

Jul 31, 2012

Hamburg based SevenCs has appointed Bjoern Roehlich as Sales Director.Bjoern, who started his career as a German Navy Officer, brings extensive experience in the ECDIS, VTS and simulator-markets to SevenCs. Most recently he was Managing Director of a leading European ECDIS training provider…

Job Vacancies in China's Merchant Marine

Jul 31, 2012

Senior officer shortages in China have become serious, numbering more than 50,000 vacanciesAccording to statistics from the Qingdao human resource and social security department, high-level shipping personnel’s average annual salary in China has climbed to around RMB200…

Danes Seek Proof North Polar Area is Theirs

Jul 31, 2012

Danish scientific mission to gather data for a formal claim to areas north of Greenland up to the North PoleThe expedition will be aboard the Swedish icebreaker “Oden”, as it leaves from Svalbard with 46 Swedish and Danish scientists who will…

Fugro Takes Delivery of Newbuild Survey Vessel

Jul 31, 2012

Fugro takes delivery of 'Fugro Equator' the third such vessel for offshore survey projects in Asia-Pacific watersDesigned to Fugro specifications and fitted with the latest survey equipment all three are among the most advanced vessels of their type…

Chinese Shipbuilder's Shares Tumble

Jul 31, 2012

China's Rongsheng Heavy Industries' shares tumbled after US Securities & Exchange Commission accusationShares of China Rongsheng Heavy Industries tumbled 17 percent to a record low yesterday after its chairman Zhang Zhirong was accused of…

Italian Shipbuilders Wins Canadian Ferry Order

Jul 31, 2012

Fincantieri wins contract from Société des traversiers du Québec (STQ to build a large passenger ferryThe contract, awarded following a public tender in which major competitors took part, is worth CAD$ 148-million.Deltamarin/Navtec, a Finnish-Canadian consortium…

MHI Shipbuilding Orders Up in Past Quarter

Jul 31, 2012

MHI announces outline of FY 2012 first 3-month financial results
 ended June 30, 2012 (consolidated).Highlights from the financial report follow:Orders received ⇒ Down ¥128.9 billion: Year on Year (YOY) (¥621.3 bn → ¥492.4 bn)Overall, orders declined from a year ago…

Shipbuilders 'Get on Your Marks' as Cruise Line Ponders New Order

Jul 31, 2012

Royal Caribbean chairman hints that new ship order is possible.During the Royal Caribbean second quarter 2012 financial results conference call, Royal Caribbean chairman hinted at the possibility that Royal Caribbean could order a new ship for either Royal Caribbean or its sister company…

IMCA Advises on Mooring Offshore Vessels

Jul 31, 2012

'Mooring Practice Safety Guidance for Offshore Vessels when Alongside in Ports and Harbours' published by International Marine Contractors Association (IMCA).Ships enter and leave ports regularly. Tying up a ship when alongside a berth or another vessel is potentially a very hazardous operation…

Tankship Charter Rates Slump on Persian Gulf to Asia Route

Jul 31, 2012

Losses widen for oil tankers hauling 2-million barrel crude cargoes on the industry's benchmark routeAccording to Bloomberg, VLCC's on the Saudi Arabia-to-Japan voyage are losing $5,529 a day, according to data accessed by Bloomberg from the Baltic Exchange in London…

'Exxon Valdez' Can be Scrapped by Alang Decides Supreme Court

Jul 31, 2012

The Supreme Court, India, allows US ship 'MV Oriental N', (formerly 'Exxon Valdez'), after lengthy legal disputeThe ship may now be dismantled at the Alang Ship Recycling Yard in Bhavnagar, Gujarat.The Supreme Court, however, also ruled…

Logistics News

Baltic Index Rises on Large Vessels

Baltic Index Rises on Large Vessels

Panamanian President Meets with Japanese Shipowners to Share New Ship Registry Strategy

Panamanian President Meets with Japanese Shipowners to Share New Ship Registry Strategy

Russian Oil takes the Northern Sea Route to Brunei

Russian Oil takes the Northern Sea Route to Brunei

Canada's July Trade Deficit Narrows as Exports to the US Rise

Canada's July Trade Deficit Narrows as Exports to the US Rise

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