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…
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…
Italian dry freight group Deiulemar Shipping is trying to avoid formal bankruptcy proceedings.Italian dry freight group Deiulemar Shipping Company SpA (Deiulemar Shipping) is seeking liquidation to avoid formal bankruptcy proceedings after…
NOAA Ship 'Fairweather' to conduct hydrographic work in the Arctic updating depths measured in the 18th century.NOAA Ship Fairweather begins a 30-day survey mission in the Arctic, scheduled to check a sparsely measured 1,500-nautical mile coastal corridor from Dutch Harbor…
First half year 2012 financial results confirm the Italian shipbuilder's positive operating performanceHighlighted in the report were: • Profit from ordinary operations at euro 26 million (16 million at 30/6/11, +62.5%)…
The New South Wales State Government plans to privatise Port Kembla & Port Botany to increase funds for infrastructure projects.Of the $500 million expected to be generated from the Port Kembla lease, $100 million will be spent on infrastructure in the Illawarra…
The US Coast Guard to celebrate its foundational anniversary aboard 'USS Slater' on the Hudson RiverThe United States Coast Guard, one of the country's five armed services,is a unique agency of the federal government. The service was founded on August 4…
Huntington Ingalls Industries Subsidiary AMSEC LLC wins U.S. Navy Total Ship Information Management System support contract (TSIMS) The indefinite-delivery/indefinite-quantity, cost-plus-fixed-fee SeaPort Enhanced (SeaPort-e) task order contains…
U.S. Bureau of Safety & Environmental Enforcement (BSEE) announce successful completion of containment exercise.BSEE announce successful completion of the first-ever, full-scale deployment of critical well control equipment to exercise the…
Danaos Corporation reports (unaudited) Second Quarter and Half Year results for the period ended June 30, 2012.Highlights for the Second Quarter and Half Year Ended June 30, 2012: • Operating revenues of $146.7 million for the three months ended June 30…
Guidance on ECDIS for ships calling at Australian ports; Applicabilty: All owners and operators of Lloyd’s Register classed vessels trading to Australian waters.Further to Classification News No. 09/2012, the Australian Maritime Safety Authority…
Sonardyne Inc., Houston, is pleased to announce the appointment of Mike Chapman, founder of MECCO Inc., to its expanding team of sales agents in the United States. Based in Duvall, Washington, Mike has over 30 years of experience in the marine…
St Kitts & Nevis has become the latest of five flag state signatories to the Washington declaration condemning acts of violence against seafarers - joining Bahamas, Liberia, Marshall Islands and Panama. The move underpins major quality…
Employees at APM Terminals Mumbai achieved 500 Safe Days, without any Lost Time Injury (LTI), setting a record at the Jawaharlal Nehru Port (JNPT) at Nhava Sheva.APM Terminals globally lays a lot of emphasis on Safety at terminals and the…
FMC Technologies, Inc. (NYSE:FTI) said that Robert L. Potter has been appointed President of the company. Potter assumes this responsibility from John T. Gremp who remains Chairman and Chief Executive Officer (CEO).'Bob is an experienced…
