Moody's Investors Service confirmed the ratings of Teekay Corporation ('Teekay', or 'Parent'): Corporate Family Rating ('CFR') at B3 and senior unsecured debt rating at Caa1. Concurrently, Moody's upgraded the Speculative Grade Liquidity rating to SGL-3 (adequate)…
Vessel traffic on the Neches River is restricted as a result of a shrimp boat that sank Monday morning.At approximately 3 a.m., the Captain Kevin sank in the Neches River, causing oil sheen and one minor injury.The vessel is currently…
Dubai Maritime City Authority (DMCA), the government authority charged with regulating, coordinating and supervising all aspects of Dubai’s maritime sector, revealed its continuing efforts in organizing anchorage of maritime crafts across Dubai waters…
With implied volatility in the Capesize sector being historically higher than that of the Panamax, this note observes and highlights their behavioral patterns (via the spread) after an expiry, says Freight Investor Services. Current Capesize Q4 implied volatility is at 103…
The Mawingu Express, Maersk Line's direct service from India to Kenya, offers the fastest transit times in the market and better port coverage to bring clients closer to East Africa, claims the company. 'Through our global connections coupled with superior customer care and market expertise…
The Swedish Club launched its latest publication, Claims at a Glance, which provides an insight into the full range of claims the Club has handled over the last five years, and is intended as a tool to reduce the frequency of incidents for both P&I and H&M claims…
Norsafe Receives High Praise from Australian NavyNorsafe, global leader in marine life-saving equipment, has received a glowing recommendation from the Australian Navy for the quality of its lifeboat servicing on one of the Navy’s replenishment vessels HMAS Sirius…
China’s Unipec remained the top spot charterer of dirty tankers and VLCCs in the first half of 2016, according to Poten & Partners. In stock of the spot market activity in the dirty tanker market nothing (much) has changed between 2015 and 2016…
Organizers of this summer’s inaugural LA Fleet Week 2016 are in full planning mode for the week-long call of U.S. Navy ships on the LA Waterfront in the days leading up to and including Labor Day Weekend. Friday September 2, through Monday September 5…
Sunday July 10th 2016 the first shipload of liquefied natural gas (LNG) arrived at the Gasum’s subsidiary Skangas LNG terminal in Pori. To be completed in August, the facility is the first LNG import terminal in Finland. LNG was brought with…
Team ENSTA Bretagne from France won the 11th edition SAUC-E competition, the Student Autonomous Underwater Vehicle Challenge - Europe. The 2nd prize went to the Tom Kyle team, from the University of Applied Sciences of Kiel (Germany). The UNIFI…
Seaboard Marine will launch a new weekly service commencing on Sunday, July 24, 2016, from New Orleans connecting U.S. exporters to Colombia, Panama, and Costa Rica in addition to Honduras, Guatemala, El Salvador and Nicaragua. The expanded service…
Dutch offshore engineer Boskalis said it was cutting 650 jobs worldwide and culling 24 vessels in response to what it called drastic changes in the company's outlook caused by low energy and commodity prices. The job cuts, including 150 Dutch employees…
'Connecting Ships, Ports and People' has been selected as the World Maritime Day theme for 2017 following a proposal by Secretary-General Kitack Lim to the International Maritime Organization (IMO) Council. Addressing the IMO Council, meeting for its 116th session at IMO Headquarters in London…
The latest of Transnet National Ports Authority’s (TNPA) nine new tugboats has set sail from the Durban premises of contractor, Southern African Shipyards, on Thursday, July 7, destined for its new home at the Port of Port Elizabeth. The…
