The global shipping industry finds no grace from much stronger economic activity going forward, as the global recovery remains fragile and uneven. Shipping being a derived demand of global economic growth, will see lower demand in coming years…
The Coast Guard rescued four hunters stranded in Blackstone Bay near Whittier Monday.A 45-foot response boat-medium crew from Station Valdez safely transported the men and towed their skiff to Whittier.Watchstanders at the Sector Anchorage…
Samsung Heavy Industries won an order amounting to USD 440 Million for Three Arctic Shuttle Tankers from a European shipper. According to sources the order is from Russia’s state shipping firm Sovcomflot. The shuttle tankers will have a capacity of 42…
Keppel Offshore & Marine Ltd wholly owned subsidiaries Keppel Shipyard Ltd (Keppel Shipyard) and Keppel Nantong Shipyard Co. Ltd have secured contracts from repeat customers worth a total of S$153 million.Keppel Shipyard's contract is…
Knightsbridge Shipping Limited and Golden Ocean Group Limited have today entered into an agreement and plan of merger pursuant to which the two companies have agreed to merge, with Knightsbridge as the surviving legal entity. The Combined…
Electromagnetic Geoservices ASA (EMGS) releases information on vessel activity and utilisation 4-5 working days after the close of each quarter. The Company defines 'vessel utilisation' as the percentage of the vessel charter period spent on contracted or multi-client data acquisition…
First Commercial Vessel in North America with Triple IPS and Dynamic PositioningFort Ripley, a new offshore emergency response craft now entering service in Charleston, S.C., is reported to be the first commercial vessel in North America to be powered by triple Volvo Penta IPS drives…
HMS Queen Elizabeth was floated out of the Babcock dock in Rosyth (UK). Designed and built by BAE Systems and assembled by Babcock Marine, the HMS Queen Elizabeth is the biggest, and most powerful, surface warship ever to join the Royal Navy and capable of carrying up to forty aircraft…
Star Bulk Carriers Corp. (NASDAQ: SBLK) announced that following the settlement and adjudication of the company's subsidiary Star Borealis LLC claim for damages and due hire related to the repudiation of the long-term time charter of the M/V Star Borealis by charterer Pan Ocean Co Ltd…
Vegetable oil exports out of the Black Sea should fall significantly this year mainly due to a weather-hit sunflower seed crop, but they will remain the second largest on record, international trading house Bunge said on Tuesday.In a presentation at the Oilseeds and Oils Conference in Barcelona…
Netsco announces Jan M. Flores, as Sr. Director of Business Development.Flores comes to Netsco from OSG (Overseas Shipholding Group) where he headed the FSO Group and was responsible for Business Development in the Offshore market. Prior to his assignment with the FSO Group…
The Panama Canal Authority (ACP) received a delegation from Port Everglades led by Broward County Mayor Barbara Sharief and Deputy Port Director Glenn Wiltshire. During the meeting, the Panama Canal Administrator provided an update on the Expansion Program and its impact on U…
Electromagnetic Geoservices ASA (EMGS) has received a letter of intent worth USD 6.8 million from an International Oil Company for 3D EM data acquisition in Malaysia. EMGS did not disclose the name of the contractor. 'We are pleased to announce the first of several new projects in Asia…
To help yacht owners navigate increasingly risky waters, XL Group is adding a Kidnap, Ransom & Extortion (KRE) Crisis endorsement to ShipShape, and ShipShape Plus, its recreational marine insurance coverages. 'Crisis events like kidnapping…
As the demand for naval technology rapidly escalates globally, the Middle East remains a hotspot for investment and innovation. To this end, Northrop Grumman Corporation (NYSE: NOC), in support of U.S. Naval Forces Central Command in Manama…
