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World's Largest Heavy Lift Vessel Gets DNV Class

Nov 17, 2011

With its width of nearly 80 metres and length of 275 metres, this is the first semisubmersible heavy lift vessel to be built in accordance with DNV’s new class rules for this type of ship. The vessel has no forecastle, which allows it to carry cargo of ”unlimited” length…

Diana Shipping: Time Charter for M/V Nirefs

Nov 17, 2011

Diana Shipping Inc. (NYSE:DSX) announced that it has entered into a time charter contract with Morgan Stanley Capital Group Inc., for one of its Panamax dry bulk carriers, the m/v Nirefs, at a gross rate of $12,250 per day, minus a 5% commission…

Port Authority NY/NJ to Rehabilitate Greenville Yard

Nov 17, 2011

The Port Authority of New York and New Jersey has hired HDR to rehabilitate the Greenville Yard in Greenville, N.J., to improve ongoing rail-to-barge-to-rail freight movements across New York Harbor. The work includes rehabilitating a barge…

G&C: New Agreement with BAE Systems Ship Repair

Nov 17, 2011

Gibbs & Cox won a Professional Services Agreement (PSA) with BAE Systems Ship Repair. The new PSA will allow any of the BAE Systems shipyards to contract directly with Gibbs & Cox for engineering services in support of their repair, fabrication and new construction work…

Intermanager Urges Care for Crew

Nov 17, 2011

Modern corporate social responsibility should include measures to care for crew as well as the environment, says InterManager Secretary General Captain Kuba Szymanski. Discussing corporate social responsibility (CSR) at this year’s InterManager Annual General Meeting…

New Ownership at Charleston/Carolina’s Rigging

Nov 17, 2011

Established in 1988 by Rick and Valerie Sawin as Charleston’s Rigging and Marine Hardware, firm has played significant roles in supplying products to support the construction of the Arthur Ravenel Bridge, raising The Hunley, and now transitions to the next generation…

Bentley Acquires FormSys

Nov 16, 2011

Bentley Systems acquired FormSys, based in Perth, Australia. This software development company has a proven, 20-year track record in 3D design, analysis, and construction software for structural engineering, offshore engineering, and naval architecture…

PMC Opens Membership to International Shipowners

Nov 16, 2011

For the first time in its history, PANAMA MARITIME CHAMBER (PMC) has opened its membership to international shipowners with vessels registered in Panama – making it the equivalent of a Panamanian Shipowners’ Association.Jose Digeronimo, chairman…

Statoil & Partners Win Offshore Canada Bid

Nov 16, 2011

Statoil, Chevron Canada and Repsol E&P Canada have been named the successful bidders for exploration rights on two land parcels in the Flemish Pass Basin, offshore Newfoundland and Labrador, Canada. This was the result of a land sale issued…

Norden Raises Guidance for 2011

Nov 16, 2011

Danish shipping company D/S Norden upgraded earnings guidance for 2011, saying its dry-bulk business gained market share and it saw prospects for a solid fourth quarter.- NORDEN’s operating earnings (EBITDA) in the third quarter 2011 were $36m…

Keppel Singmarine Wins $36m Contract

Nov 16, 2011

Keppel Singmarine, a wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured two contracts from Indonesian customers worth a total of about $36m.The first contract is for a Coal Transshipment Barge for repeat customer PT Indo Straits Tbk…

Davits Help Arctic MOB and Rescue

Nov 16, 2011

Norway-based boat handling system and specialised davit supplier Vestdavit has developed a sliding davit solution which permits easy handling and maintenance of rescue craft  in Artic conditions. Vestdavit’s PLR-3600 MOB/FRC davit is DNV…

Star Bulk Enters Charter Agreement

Nov 16, 2011

Star Bulk Carriers Corp. (Nasdaq: SBLK),a global shipping company focusing on the transportation of dry bulk cargoes, said it entered into a time charter contract with Pacific Basin Chartering Limited BVI for the Star Kappa for approximately one year…

MENA Appointment for HB Rentals

Nov 16, 2011

Global offshore accommodations specialist to the oil and gas industry, HB Rentals has appointed a business development manager for the Middle East and North Africa in line with growing demand and continued expansion in the region.Rami Miled…

Goodier Honored as Distinguished Lawyer

Nov 16, 2011

Jones Walker is pleased to announce that Glenn G. Goodier, a partner in the firm's Admiralty & Maritime practice was honored by the New Orleans Bar Association as the 2011 recipient of the Distinguished Maritime Lawyer award. The awards program was held on October 24…

Logistics News

Container Shipping Rates Plunge in Step with U.S. Demand for China Goods

Container Shipping Rates Plunge in Step with U.S. Demand for China Goods

World’s First Ship-to-Ship LCO₂ Transfer Completed in Shanghai

World’s First Ship-to-Ship LCO₂ Transfer Completed in Shanghai

Gulf Shipping Costs Fall After Israel-Iran Ceasefire

Gulf Shipping Costs Fall After Israel-Iran Ceasefire

US Goods Trade Deficit Increased in May, Exports Declined

US Goods Trade Deficit Increased in May, Exports Declined

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