The Athens, Greece-based DryShips Inc. (DRYS) has reported a loss of $59.2 million in its first quarter. DryShips is an owner of dry bulk carriers and tankers that operate worldwide. The company said it had a loss of 9 cents on a per-share basis…
The shipping industry, despite those who might suggest otherwise, has a very respectable record of environmental improvement stretching back very many years. It responds to societal demands to clear up pollution, to eliminate harmful emissions and operate in a more sustainable manner…
A Singapore-based breakbulk, project cargo and heavy lift carrier AAL (formerly Austral Asia Line) and German multipurpose shipping operator Peter Döhle have announced the launch of a new global cooperation. From June onwards, the pair will offer joint tramp and project services…
Havila Shipping ASA has seen Maersk Oil & Gas (MOG) extend an option for a vessel, allowing the company to avoid the weak North Sea spot market for 12 more months. Maersk Oil and Gas Company declared the first of three one year options for the Platform Supply Vessel (PSV) Havila Fortune…
International freight insurer TT Club convened a special seminar at the recent conference on transport and logistics, Trans Russia in Moscow. Lead by TT Club’s General Manager, EMEA, Kevin King and Kirill Berezov from the insurer’s long-established Russian network partner Panditrans…
The activity on the demolition market is off to a good start in 2015 when looking at dry bulk tonnage, according to international shipping association Baltic and International Maritime Council (BIMCO). The dry bulk market has long suffered…
FSV Group, the Norwegian operator of specialised vehicles for maritime operations, has taken delivery of a customised 41-metre Damen barge which will provide a range of services to the Norwegian aquaculture industry. This sector is currently…
Barzan, the first in a series of six 18,800 TEU container vessels ordered by UASC, was recently named at Hyundai Samho Heavy Industries (HSHI) in Mokpo, South Korea. The vessel is the first to receive classification society DNV GL’s new GAS READY notation…
Wood Group Kenny (WGK) has secured a five year contract with Oil Spill Response (Capping) Ltd (OSRCL) to provide the maintenance support for a key part of a containment toolkit that would be used to control hydrocarbon release in the event of a subsea well control incident…
Dry bulk orders have fallen to the lowest level since the 1990s to 0.4m dwt per month showing a massive 98% reduction from the 23m dwt peak in orders in December 2007, and probably the sharpest decline in recent decades. Not really a surprise…
As agreements was signed between Singapore and Malaysia to boost the number of ferry trips between Changi Ferry Terminal, Singapore and Tanjung Belungkor in south-eastern Johor, Malaysia. The memorandum of understanding (MOU) signed was…
The Turkish shipyard SEDEF has signed a contract with the Turkey's procurement agency, the Undersecretariat for Defense Industries (SSM) for the design and construction of Landing Platform Dock (LPD) for the Turkish Navy. The 231-meter landing platform dock that is capable of carrying 1…
Surprisingly, it seems that the use of VLCCs for floating storage has increased in recent weeks, says a report by Poten & Partners Information about the ships reveals that about every third vessel on charter contract earlier this year is now being used for floating storage…
Adm. Mark Ferguson, commander, Allied Joint Force Command Naples and commander, U.S. Naval Forces Europe-Africa (NAVEUR-NAVAF), received the Ellis Island Medal of Honor during a ceremony May 9, 2015 on Ellis Island.The National Ethnic…
The naming and launch ceremony of the 5,500m³ trailing suction hopper dredger (TSHD) ILEMBE took place on Saturday, May 9, 2015 at Royal IHC’s shipyard in Kinderdijk, The Netherlands. The dredger is being built for Transnet National Ports Authority (TNPA)…
