Singapore Sovereign Wealth Fund Temasek Holdings has put Neptune Orient Lines (NOL) up for sale, says a Wall Street Journal (WSJ) report. The WSJ reported that Temasek was in talks with one buyer in recent months but the two sides could not agree on a price for the loss-making company…
New regulations on the carriage of biofuels could limit the trading flexibility of product tankers from next January, according to Rivertrace Engineering, Managing Director, Mike Coomber. This is because oil discharge monitoring equipment on…
The Islamic Republic of Iran Shipping Lines and the country’s leading ports operator, the Tidewater Middle East Maritime Company, have been removed from the US list of companies designated for sanctions and assets freeze, reports Press TV. International…
EMGS has received permits from Mexico's Comisión Nacional de Hidrocarburos (CNH) authorizing the acquisition of up to approximately 88,000 square km 3D EM multi-client data in the Salina de Itsmo Basin. EMGS will prioritize acquiring…
Rear Adm. Michael White, commander, Naval Education Training Command, from Denver, accepted a proclamation from Cheyenne's Mayor Richard Kaysen during the Cheyenne Navy Week Kick-Off Concert, July 14.The Kick-Off Concert featured U.S…
June 2015 containerized cargo volumes at the Port of Los Angeles decreased 2 percent compared to the same period last year. The Port handled a total of 721,802 Twenty-Foot Equivalent Units (TEUs) in June 2015. Current and historical data is available here…
Kalmar, part of Cargotec, has been awarded a valuable order from long-standing partner Österreichische Bundesbahnen (ÖBB) to supply cargo handling equipment for general cargo and intermodal operation at the ÖBB-Infrastruktur AG terminals at Wolfurt…
On July 7, Crimson Polaris, a wood-chip carrier operated by NYK Line, rescued nine fishermen in distress off the coast of the Philippines. While Crimson Polaris was sailing from Australia to China through a navigational lane in the South China Sea on July 7…
Sembcorp Marine has signed an engineering and construction contract worth about US$1 billion to build the world's largest semi-submersible crane vessel for a unit of Netherlands-based Heerema Offshore Services B.V. Scheduled for delivery in the fourth quarter of 2018…
Gaz Métro, a large LNG distributor, has commissioned the first ferry in North America to run on LNG, the NM F.-A.-Gauthier, through its subsidiary, Gaz Métro LNG L.P. The vessel was commissioned in Québec, Canada. It is also the first ship of any kind to run on LNG in Canada…
Qatar Gas Transport Co (Nakilat), one of the world's largest shippers of liquefied natural gas, has registered a half yearly net profit of $135 million (QR490.2mn), up 10% on the same period last year. The healthy financial results reflect “Nakilat’s strategic development…
Heesen Yachts announced that following intensive sea trials in the North Sea, on July 10, 2015, YN 17255 M/Y Azamanta, the world's first Fast Displacement steel-hulled yacht over 50 meters, was delivered to her owners in international waters…
Inchcape Shipping Services (ISS) is advising that the Bosphorus Strait in Turkey will be closed in both directions on 15 July between 07:00-14:00 approximately due to the ongoing construction works on the Yavuz Sultan Selim Bridge (initially named the Third Bosphorus Bridge)…
Evergas’ latest additions to its fleet, two ‘dragon class’ 27.500 cbm multigas LNG carriers, were successfully named today at a ceremony at the Sinopacific Offshore & Engineering (SOE) shipyard in Qidong, China. The state-of-the-art carriers were named JS INEOS INSIGHT and JS INEOS INGENUITY…
DP World and Emirates Shipping Line (ESL) today announced the launch of a new shipping service GALEX (GLX), a consortium of four vessel operators – ESL, KMTC, RCL and Hanjin. GALEX consists of seven vessels with a capacity of 6,500 TEUs…
