Since February, freight rates on the three key container shipping lanes has left the erratic up and down movements behind only to slide week after week.On Friday April 10, 2015 the freight rate including ocean freight and surcharges, i…
Rosneft as part of Sakhalin-1 Consortium has successfully completed drilling of the world’s longest well at the Chayvo field.O-14 production well was drilled with Orlan drilling platform in direction of the field’s south-eastern point…
The Port of Mariel, Cuba, aims to become the best choice transshipment in the region from the Panama Canal expansion. According to the Mariel terminal sources, 'The port has possibility to connect with everyone from the Panama Canal expansion'…
Incat Crowther reported it has opened an office in Europe.Located in Southampton, United Kingdom, the office has been created to support a growing European client base and meet the demand for Incat Crowther’s products and services in the region…
To take advantage of the global increase in on-board touring holidays, the Firth of Forth is planning a new cruise ship terminal. Developers hope to secure permission for the first purpose-built terminal on the Scottish mainland at site…
Six Greenpeace activists rappelled down from an oil rig in the Pacific Ocean on Saturday after spending six days living on the structure to protest against drilling in the Arctic, the environmental organization said.The multinational team climbed aboard Polar Pioneer…
The United States is planning to impose a major new regulation on offshore oil and gas drilling to try to prevent the kind of explosions that caused the catastrophic BP Plc oil spill in the Gulf of Mexico, the New York Times reported on Friday…
Members of the Panama Canal Authority (ACP) Board of Directors and Administration returned to Panama after having traveled to Asia for the 24th joint meeting of its Advisory Board. The delegation met in Japan with the group of distinguished advisers to discuss Canal operations and performance…
The Board of Viking Supply Ships AB (under name change from Rederi AB Transatlantic) has decided to appoint Christian W. Berg as CEO of the company with immediate effect. Christian will in parallel continue as head of the Viking Supply Ships business area just as today…
Wärtsilä signed a 5-year Technical Management Agreement with Golar Management Oslo for delivery of services to Golar LNG - one of the largest independent owners and operators of liquefied natural gas (LNG) carriers in the world. The service agreement includes remote monitoring of engines…
In New York today, April 7, the International Chamber of Shipping (ICS) represented global shipowners at a United Nations meeting, having been invited to speak as a panellist as part of the UN Inter Consultative Process on the Law of Sea. The…
Crowley Maritime Corp. announced its membership in the Trident Alliance, a coalition of shipping owners and operators that share a common interest in robust enforcement of existing maritime sulphur regulations. In joining, Crowley said it has signed a statement of commitment…
NYK was named “Nadeshiko Brand,” for the second consecutive year, following fiscal 2013, selected jointly by the Tokyo Stock Exchange (TSE) and the Ministry of Economy, Trade and Industry of Japan (METI). Nadeshiko Brand is composed of…
New Orleans builds enviable cruise traffic on top of a carefully crafted business plan. It may surprise you to learn that, on the lower Mississippi River, cruise traffic now accounts for over one fifth of all revenue at the Port of New Orleans…
The gas tanker Grand Elena, jointly owned by PAO Sovcomflot and the Japanese company NYK, has embarked on her hundredth voyage from the port of Prigorodnoye in Russia to Japan. The vessel is undertaking her latest shipment of liquefied natural…
