“The dry cargo markets have shown no signs of recovery during Q3. A lack of demand growth in combination with deliveries of new tonnage will make this the reality of the market for an extended period. Our Q3 result in dry cargo is as expected and a reflection of these market conditions…
The Maritime and Port Authority of Singapore (MPA) today recognised another 53 Green Ships from 41 companies that have qualified for the Green Ship Programme (GSP) at the Third Singapore Registry of Ships Forum (SRS Forum). The GSP encourages…
Crowley Maritime Corporation announced today that company veteran Craig Tornga has assumed the role of vice president of stakeholder relations for Alaska, and will coordinate with all of Crowley's Alaska business units to leverage relevant company relationships…
The Nautical Institute’s latest book, Human Performance and Limitation for Mariners, builds on a concept first introduced in the aviation industry that was responsible for a massive reduction in accidents. This concept will enable seafarers…
The Essex Amphibious Ready Group (ARG) transited the Straits of Malacca and conducted routine operations in the South China Sea as part of a deployment to the Western Pacific Nov. 7-10.The ARG's flagship, the multipurpose amphibious assault ship USS Essex (LHD 2)…
GAC Training and Service Solutions (GTSS), the specialist provider of world-class training for maritime personnel, has announced an agreement with ATPI Griffinstone, part of the ATPI Group, one of the leaders in travel solutions for the shipping and energy industries…
Some 200 delegates from all around Turkey attended the Pilotage & Towage Services Technologies Congress in Izmir, an event supported by shipbuilder Sanmar, whose Projects Director Ali Gurun presented a paper about technical specification of…
Transnet National Ports Authority announced a milestone in its $98 million tug building contract when the first of its nine new tugboats was launched at the Durban premises of contractor, Southern African Shipyards. “This is the largest…
The United States Coast Guard (USCG) has issued the rule with regard to obligation of installation of ballast water management system for the vessels engaged in U.S. waters. The rule is entitled as 'Standards for Living Organisms in Ship's Ballast Water Discharged in U…
Iran's oil tanker fleet is expected to face more hurdles before many of the vessels can start trading again due to insurance hiccups and tougher requirements over sea worthiness by potential foreign clients, despite easing of sanctions, reports Reuters…
TORM’s strong operational platform has delivered the highest product tanker freight rates since 2008 and a positive EBITDA of USD 96m in the third quarter of 2015, says its CEO Jacob Meldgaard. TORM has demonstrated its financial and strategic…
Minister of Petroleum, Bijan Zangeneh said that Iran and Belgium are in talks for possible floating production of liquefied natural gas (LNG) FLNG Unit off the Kharg Island in the Persian Gulf. The issue was brought up during Zangeneh’s talks with Belgian Secretary of State for Foreign Trade…
Nippon Yusen Kaisha (NYK) concluded a time-charter contract for a new VLGC (very large gas carrier) with Astomos Energy Corporation, the world's pre-eminent liquefied petroleum gas (LPG) company. The new VLGC will be built by Mitsubishi Heavy Industries Shipbuilding Co…
A new report from The Swedish Club shows that incorrect maintenance and repair continues to be the most frequent cause of main engine damage – a trend which has continued unabated since the Club began monitoring the issue nearly ten years ago…
Good positions in a market that exceeded expectations gave Concordia Maritime part of Sweden’s Stena Group, a very strong quarter for the season. It recorded after-tax income of SKr52.4M ($6m) for the third quarter, a dramatic turn from a SKr27m loss the same period a year ago…
