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Vessels News

 

S.P. Inter Marine Expands Cargo Handling

May 19, 2014

Long established in the trucking, warehousing, cargo transfer and barging industry of Thailand, S.P. Inter Marine can be described as a broadly horizontally integrated firm. With a well constructed presence at Ayutthaya, about 80 kmup the Chao Phrya River from the Gulf of Thailand…

Wärtsilä Receives Repeat Order from Evergas

May 19, 2014

Three new 27,000 cbm LNG/Multigas Carriers for Evergas, the Denmark based transporter of petrochemical gases and natural gas liquids, are to be built featuring the integrated Wärtsilä solution, comprising the main propulsion equipment, the gas fuel supply system…

Steamship Mutual: Return to Positive Underwriting Results

May 19, 2014

Steamship Mutual has released its financial results following approval of its 2013/14 Report & Accounts by the Board of the Club.The club achieved a financial year combined ratio of 96.7%, whilst maintaining a low risk investment strategy…

Long-Range Clean Tanker Rates Hit 8-Month High

May 19, 2014

Long-range clean tanker rates stayed firm on Monday extending a recent rally with firmer cargo demand bolstering sentiment further. Long Range 1 tankers, carrying 55,000 tonne loads from the Middle East Gulf (MEG) to Japan, reached W117…

Nautisk Strengthens Team

May 19, 2014

Global chart distributor Nautisk has announced two new appointments to its senior management team. Peter Johan Pran has been appointed Acting Head of Global Sales, whilst Gunnar Aarstad has taken up the position of Acting Head of Global Operations…

NewLead Takes Delivery of Eco-Type Handysize Vessel

May 19, 2014

NewLead Holdings Ltd. (NASDAQ: NEWL) said that 'Newlead Albion', a 2012-built dry-bulk eco-type Handysize vessel of 32,318 dwt, was delivered to NewLead's fleet on Monday, May 19, 2014.The Newlead Albion is trading on the spot market and is expected to generate $2…

Maritime Jacques Cassard Orders Engine Room Simulator

May 19, 2014

Kongsberg Maritime and Lycée Maritime Jacques Cassard in Nantes have signed a contract for the delivery of an advanced Engine Room Simulator. The K-Sim Engine delivery will consist of an instructor station and eight student stations, with two…

USCG Cutter Biscayne Bay Hauled Out

May 19, 2014

Great Lakes Shipyard hauled out the United States Coast Guard Cutter Biscayne Bay  using its 770-ton capacity Travelift. The repair contract that started on May 7, 2014, includes drydocking and routine maintenance such as: Hull Plating…

Zim's $3B Restructure Goes to Vote

May 19, 2014

Israel Corp shareholders are set to vote on a $3 billion restructuring plan by the conglomerate's shipping offshoot Zim, first set out in January and which has now received a key government go-ahead. An Israel Corp spokesman said shareholders of the group…

ISS GMT Launches in Palma de Mallorca

May 19, 2014

ISS GMT has announced the opening of its new office in Palma de Mallorca, Spain. Placed at the heart of the Mallorcan yachting community, the office is conveniently located in office 10 inside the Global Building at STP, one of the largest superyacht facilities in Europe for refit and maintenance…

Virtual D-Day Created Seventy Years On

May 19, 2014

Advanced 3D design and simulation software was used to recreate the technological and engineering innovations of WWII as a part of the seventieth anniversary of D-Day and the Invasion of Normandy, apprise project leaders, France’s Dassault Systèmes…

Chesapeake PowerBoat Symposium to Honor Hadler

May 15, 2014

The Chesapeake PowerBoat Symposium Committee announced that Professor Jacques Hadler, Professor Emeritus of Naval Architecture at Webb Institute, will be the honored guest for this year's Powerboat Symposium. Hadler will be honored for his…

KVH IP-MobileCast Content Delivery Service Goes Live

May 15, 2014

The IP-MobileCast content delivery service developed by KVH Industries, Inc., for its mini-VSAT Broadband satellite network is now live, constituting a maritime industry first that will enable seafarers in the middle of the ocean to have affordable access to daily digital newspapers…

Nigeria's Caverton Eyes Fresh Capital after $197m Stock Listing

May 15, 2014

Nigerian oil services firm Caverton plans to start the process of raising fresh equity by the fourth quarter after its $197 million stock market listing next Tuesday, the company's chief executive told Reuters on Thursday. Caverton, which…

Change Attitudes and You Change Behavior

May 15, 2014

Developing effective safety cultures on board involves thinking outside the box and away from established practice, according to Martin Hernqvist, head of The Swedish Club Academy, the body set up to deliver The Maritime Resource Management programme (MRM)…

Logistics News

OPEC+ Responds to Hormuz Shutdown

OPEC+ Responds to Hormuz Shutdown

Vessels Diverted Around Cape of Good Hope

Vessels Diverted Around Cape of Good Hope

At Least Three Tankers Hit in Gulf

At Least Three Tankers Hit in Gulf

Xeneta Weekly Ocean Container Shipping Market Update: February 27, 2026

Xeneta Weekly Ocean Container Shipping Market Update: February 27, 2026

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Sources say that oil and gas traders and majors have suspended shipments via Hormuz.
Data shows that hundreds of ships anchor in the Gulf of Middle East
Berkshire Hathaway profits fall due to lower insurance income and writedown