Returns for VLCCs fell for a third consectutive day to the lowest level in a month, as the supply of vessels exceeded cargo demand, according to a recent Bloomberg report. Daily income for VLCCs on the Saudi Arabia-to-Japan voyage declined 2…
U.S.-Canada Arctic Ocean survey partnership saved costs, increased data; 2011 mission concludes joint seafloor survey operations. A recent mission marked the completion of a five-year collaboration between the United States and Canada to survey the Arctic Ocean…
Port Projects Awarded $62 Million in TIGER III Infrastructure Grants; Critical importance of connective infrastructure to America’s seaports recognized.U.S. Transportation Secretary Ray LaHood today announced that 46 transportation projects…
Overall confidence levels and the likelihood of major new investments in the shipping industry in the next 12 months picked up marginally in the quarter ended November 2011, according to the latest Shipping Confidence Survey from leading accountant and shipping adviser Moore Stephens…
According to a report from Bloomberg, the number of container ships idled rose to the highest level in 18 months as the supply of vessels expanded and trade growth slowed, citing information from Alphaliner.According to the report, 210 ships with a combined carrying capacity of 526…
OGX, the Brazilian oil and gas company responsible for the largest private-sector exploratory campaign in Brazil, and OSX, a private Brazilian corporation that provides equipment and services to the offshore oil and natural gas industry via integrated operations in naval construction…
Marine mining, featured on the Institute of Marine Engineering, Science and Technology’s (IMarEST) Technical Activities Hot Topics Register, has added an important sustainability credential with the adoption of the revised ‘Code for the Environmental…
U.S. Army Takes Delivery of New Fire/Rescue boat from Gladding-Hearn.Gladding-Hearn Shipbuilding, Duclos Corporation has delivered a new high-speed fire/rescue boat to the U.S. Army. The all-aluminum vessel, designed jointly by the Somerset…
The Maritime Security Council has accredited the on-demand trip threat reports. Piracy continues to be a major problem affecting large yachts and worldwide shipping concerns. Pirate attacks are spreading from the Gulf of Aden/Indian Ocean east to Asia and to the west coast of Africa…
Ocean Rig UDW (NASDAQ: ORIG) announced that the remainder of the existing drilling contract with Vanco for the 6th generation drillship Ocean Rig Olympia has been novated to a Europe based operator for drilling offshore West Africa. The remaining duration provides for 120 days of work…
Maritime Professional Training (MPT) has upgraded its simulator, and the maritime training and education provider is claiming that it will be world’s most visually realistic maritime simulator training experience. The system – which provides…
Transas Marine GmbH is the first among all German training institutes to receive BSH Flag State approval for its STCW conform ECDIS training. BSH has issued a certificate for Transas with an honorable number BSH-2011-921-001. ECDIS Training offered by Transas Marine follows the IMO Model Course 1…
American Science and Engineering, Inc. (NASDAQ: ASEI), received its first order for a Z Backscatter Van (ZBV) from the Kingdom of Saudi Arabia. The ZBV system will be used to screen vehicles at high threat security locations for explosive threats and contraband…
A new publication from the UK P&I Club “How to prevent tanker cargo shortage claims” and subtitled “The cause of claims and how to avoid them during pre-loading, loading and unloading” focuses on one of the major sources of cargo-related claims in the tanker sector…
Telemar, in partnership with ORBIT Communication Systems and Milano Teleport launched iCGlobal, a concept the trio dubs a new paradigm in maritime satellite communications. Described as 'flexible and future proof,' the companies say the service combines the benefits of robust…
