V.Group has acquired Selandia Holdings Pte. Ltd and its subsidiaries comprising the Selandia Ship Management Group as part of its strategy to offer clients high quality outsourced marine services from Asia. Founded originally in Mumbai, India in 1995…
The shipping industry faces a stormy road to recovery, with uneven supply/demand trends set to test the nerve of investors and operators, according to independent research and consultancy firm Maritime Strategies International (MSI).Addressing the Hansa Forum in Hamburg…
Woodfibre LNG, Canada's first liquefied natural gas export project, will be a 'nice-to-have' fillip for the country's gas producers but does not signal the start of a west coast LNG boom, industry watchers said on Monday. Privately held…
Odfjell has ordered four chemical tankers (with options for an additional four) with stainless steel cargo tanks from China Shipbuilding Trading CO., Ltd. and Hudong-Zhonghua Shipbuilding (Group) CO., Ltd. The ships cost $60m each. The 49…
A tanker crewman was medevaced Monday afternoon, after reports of suffering from a hernia about 15 miles off Galveston, Texas in the Fairway Anchorage. The master of the 600-foot, Marshall Islands flagged tanker Agena contacted U.S. Coast…
Teekay Corporation’s board of directors has elected Kenneth Hvid to succeed current president and CEO, Peter Evensen, who will retire January 31, 2017 after more than 13 years with the company. Hvid is presently serving as president and CEO of Teekay Offshore Group Ltd…
Some 200 representatives of classification societies, shipbuilders and shipowners came together in Tokyo last week for their annual ‘Tripartite Meeting’ on issues of common interest. The meeting, hosted by Class NK, the Japanese Shipowners’…
Compared to the excellent first three quarters of 2015 (+5.4%), cargo throughput in the same period this year fell by 1.9%. The decrease was particularly strong in coal and iron ore. Allard Castelein, CEO of the Port of Rotterdam Authority:…
International accountant and shipping consultant Moore Stephens says total annual operating costs in the shipping industry fell by an average of 2.4% in 2015. This compares with the 0.8% average fall in costs recorded for 2014, and is the…
ASRY has successfully brought one of the European tanker market’s biggest tanker fleet owners back to the yard. Euronav, the Greece-base owner, operator and manager of a fleet of 53 modern large tankers, chose ASRY for the recent repair of ‘Cap Diamant’…
Earlier this year at the SUNY Maritime Towing Forum, we met up with Jerry Crooks, CSHM, Marine Technical Advisor, Shell Trading (U.S.) Company. Crooks provided insights on the training culture, systems and philosophy that drives Shell Trading (U…
Even as ship vetting and risk management techniques evolve, defining the human element of the equation nevertheless remains ever elusive. If the vast majority of shipping casualties are a function of ‘human error,’ then it is also true that the effort to identify…
Following on GAC UK’s partnership with Forth Logistics Marine Services (FLMS) to provide mooring and related terminal services around the UK, the global shipping, logistics and marine services provider has secured a contract with Shell UK Ltd…
An oil tanker left the Libyan port of Ras Lanuf for Italy early on Wednesday with the first crude export cargo from the terminal since at least late 2014, boosting hopes of reviving Libya's battered oil output.The port manager of Ras Lanuf…
The Kipevu Oil Terminal at Mombasa Port will be relocated early next year, to Dongo Kundu area, as a result of the ongoing capacity expansion program, the Kenya Ports Authority announced. The new oil terminal is expected to have a capacity to accommodate four vessels of up to 200…
