Top Stories Summer Shoppers Active in Secondhand Market

Summer Shoppers Active in Secondhand Market »

The sale and purchase market of secondhand vessels is experiencing positive vibes as summer shoppers avail of the asset prices on the market. According to the latest weekly report from shipbroker Lion Shipbrokers, the week...

July 30 2014 / Comments Off / Read More »
Kurdish Oil Tanker Outside US Jurisdiction

Kurdish Oil Tanker Outside US Jurisdiction »

An ongoing high-stake dispute concerning Iraqi Kurdish oil tanker anchored off Texas with a cargo worth USD 100 million has taken yet another turn, when a U.S. judge said her previously issued order to seize...

July 30 2014 / Comments Off / Read More »
Tempers Flare at DP Fremantle Terminal

Tempers Flare at DP Fremantle Terminal »

Maritime Union of Australia reports that DP World has shown absolute disdain for its own workforce, customers and the enterprise bargaining process by threatening to lock-out its Western Australian employees indefinitely from Thursday, July 31....

July 30 2014 / Comments Off / Read More »
UN Sanctions Operator of North Korean Ship Smuggling Arms

UN Sanctions Operator of North Korean Ship Smuggling Arms »

The U.N. Security Council committee has imposed sanctions on Ocean Maritime Management, operator of a North Korean ship seized near the Panama Canal last year for smuggling Soviet-era arms from Cuba.   Under the sanctions,...

July 30 2014 / Comments Off / Read More »
Northern Sea Route Accessible a Month Early

Northern Sea Route Accessible a Month Early »

The Northern Sea Route (NSR) will open in August both on the northeastern passage on the Russian side and northwestern passage along Canada, making the route fully accessible to commercial shipping traffic approximately one month...

July 30 2014 / Comments Off / Read More »
Strong First Half for Navios

Strong First Half for Navios »

Navios Maritime Partners L.P., an international owner and operator of drybulk and container vessels, has had a strong financial performance according to its financial results for the second quarter ended June 30, 2014.   Angeliki Frangou,...

July 30 2014 / Comments Off / Read More »
Nicaragua Canal to Slash Bunker Fuel Costs

Nicaragua Canal to Slash Bunker Fuel Costs »

Considerable bunker savings will be made by carriers bound from Asia to the US East Coast via the announced $40 billion Nicaragua Canal, results of an analysis conducted by ShippingWatch show.   The Canal is...

July 30 2014 / Comments Off / Read More »
Steady Sailing for Scorpio Tankers

Steady Sailing for Scorpio Tankers »

Scorpio Tankers Inc. had a net loss of $0.6 million, or $0.00 basic and diluted loss per share, according to the shipper’s first quarter results.   The company’s fleet expanded for 12 vessels, as it...

July 30 2014 / Comments Off / Read More »
Headlines

20 Migrants Drown off Libya »

20 Migrants Drown off Libya

Over twenty migrants have died, with dozens more still missing after their makeshift boat sank off Libya, the Libyan Navy reported.   “A navy...

Jul 30 2014 / Comments Off / Read More »

Interview: Sohar’s Expansion Goes Full Steam Ahead »

Interview: Sohar’s Expansion Goes Full Steam Ahead

SOHAR Port and Freezone, a deep-sea port and the adjacent free zone, located in Sohar, Oman, is undergoing a major expansion and has set...

Jul 28 2014 / Comments Off / Read More »

Readers’ Picks of the Week (July 21- 25, 2014) »

Readers’ Picks of the Week (July 21- 25, 2014)

VIDEO: Float-On and Transport of Costa Concordia Onboard Dockwise Vanguard Following the successful parbuckling of Costa Concordia, and in anticipation of the pending refloat,...

Jul 27 2014 / Comments Off / Read More »

Costa Concordia Safely Reaches Genoa »

Costa Concordia Safely Reaches Genoa

After little more than four days of navigation Costa Concordia has entered the Port of Genoa.   In the final stages of the journey the...

Jul 27 2014 / Comments Off / Read More »

Capital Product Orders Big »

Capital Product Orders Big

Capital Product Partners L.P. has entered into a Master Vessel Acquisition Agreement with its sponsor Capital Maritime for three newbuild Daewoo 9,160 TEU eco-flex containerships...

Jul 25 2014 / Comments Off / Read More »

Update: Slowly but Surely Concordia Convoy Pushes Ahead »

Update: Slowly but Surely Concordia Convoy Pushes Ahead

After approximately 30 hours of navigation, the Concordia has travelled for 63 nautical miles at an average speed of 2 knots. At the moment,...

Jul 25 2014 / Comments Off / Read More »

Ten Jack-Ups for East Sunrise »

Ten Jack-Ups for East Sunrise

Hong Kong-based East Sunrise Group revealed that it has ordered ten jack-up platforms from China Shipbuilding Industry Corporation (CSIC).   The newbuilds, worth around...

Jul 23 2014 / Comments Off / Read More »

Update 1: And the Tow Begins »

Update 1:  And the Tow Begins

The departure of Costa Concordia has begun and the wreck is being towed to Genoa at two knots. The four day journey began at...

Jul 23 2014 / Comments Off / Read More »

Ordering Frenzy at COSCO Shipyards »

Ordering Frenzy at COSCO Shipyards

Singapore based COSCO Corporation Limited  has through its subsidiaries secured contracts valued at approximately USD 300 million to build one accommodation barge and seven bulk...

Jul 22 2014 / Comments Off / Read More »

Ocean Yield Orders Ethylene Carrier Trio »

Ocean Yield Orders Ethylene Carrier Trio

Ocean Yield ASA, the Oslo-based shipowner, has placed orders for three LEGCs (Liquefied Ethylene Gas Carriers) of 36,000 cbm capacity, to be built at...

Jul 22 2014 / Comments Off / Read More »




Also in the news

ClassNK to Cut Engine Data Monitoring Workload »

ClassNK to Cut Engine Data Monitoring Workload

Japanese classification society ClassNK will participate in a joint project together with Mitsui Engineering & Shipbuilding Co., Ltd., and MES Technoservice Co., Ltd.  ClassNK will support research into the development of condition-based engine monitoring systems for the Mitsui MAN B&W engine.   The developed systems...

Jul 30 2014 / Comments Off / Read More »

Grounded Hong Kong-Flagged Freighter Refloated »

Grounded Hong Kong-Flagged Freighter Refloated

The Federal Rideau, a 656-foot freighter that had been hard aground in the downbound shipping channel of Lake St. Clair since early Sunday morning, was refloated early Tuesday morning and is now safely anchored in the Detroit River at the Belle Island Anchorage, the US...

Jul 30 2014 / Comments Off / Read More »

Mitsui Lines ISO Certified »

Mitsui Lines ISO Certified

MOL Ship Management Co., Ltd., has obtained certifications from Nihon Kaiji Kyokai (NK), for Energy Management Systems (ISO50001) and Environmental Management Systems (ISO14001).   NK Executive Vice President Koichi Fujiwara presented the certificates to Molship President Kazunori Furukawa in July 29 ceremony at NK headquarters. Molship’s certifications,...

Jul 30 2014 / Comments Off / Read More »

Saipem Snares Multiple Contracts »

Saipem Snares Multiple Contracts

Saipem has been awarded new drilling contracts in Indonesia, Nigeria, the Arabian Gulf and Latin America worth approximately USD 850 million of which USD 540 million are related to offshore activity and refer to four different units of Saipem’s fleet.   Saipem has signed with Eni Muara...

Jul 30 2014 / Comments Off / Read More »

Australia: Search for Seafarer Fallen Overboard Called Off »

Australia: Search for Seafarer Fallen Overboard Called Off

Australian Maritime Safety Authority (AMSA) has ceased search operations for a 41 year-old seafarer who fell overboard from the vessel MT Sigma Integrity in the early hours of the morning on Sunday 27 July 2014.   On Sunday 27 July, AMSA was alerted to a...

Jul 30 2014 / Comments Off / Read More »

ESC Delivers AEO Manifesto »

ESC Delivers AEO Manifesto

The European Shippers’ Council (ESC) presented its Authorised Economic Operator manifesto (AEO manifesto) to the European Commission.   With this manifesto, the ESC aims to give an indication of how, five years after the introduction of the AEO programme, this status is regarded by European...

Jul 30 2014 / Comments Off / Read More »

Quingdao Port Contests CIVIC’s USD 108m Claim »

Quingdao Port Contests CIVIC’s USD 108m Claim

Qingdao Port International Co. Ltd. voiced its intention to dispute a demand from a unit of Citic Resources Holding Ltd. asking for that delivery of copper and alumina or pay $108 million in compensation.   Qingdao Port International disclosed that on July 28, 2014, Dagang Branch...

Jul 30 2014 / Comments Off / Read More »

Peters & May Introduce USA to Australia Vessel Shipping Service »

Peters & May Introduce USA to Australia Vessel Shipping Service

Peters & May boat transport operator has announced the departure schedule of its newly introduced sailings from USA and Europe to the East Coast of Australia.   The first sailing is scheduled from Newport and Fort Lauderdale in early October with a return trip from...

Jul 30 2014 / Comments Off / Read More »

Ocean Acidification Threatens Alaskan Fisheries »

Ocean Acidification Threatens Alaskan Fisheries

Ocean acidification is driving changes in waters vital to Alaska’s valuable commercial fisheries and subsistence way of life, according to new NOAA-led research that will be published online in Progress in Oceanography.   Many of Alaska’s nutritionally and economically valuable marine fisheries are located in...

Jul 30 2014 / Comments Off / Read More »

 

Popular articles

Choosing Body Armor for Maritime Workers »

Choosing Body Armor for Maritime WorkersHigh risk jobs need to be faced with the correct levels of protective clothing. In the case of maritime personnel, body armor is one form...

Jul 30 2014 / Comments Off / Read More »

Photos: Oil Spill Response in Pechora Sea »

Photos: Oil Spill Response in Pechora SeaOil spill response exercises were conducted July 17-18 at exploration well No 3 of North-Dolginskoye oil field drilled by semi-submersible jackup drilling rig GSP Saturn...

Jul 28 2014 / Comments Off / Read More »

VIDEO: Conversion of Stanislav Yudin »

VIDEO: Conversion of Stanislav YudinIn November 2013, Damen’s Shiprepair & Conversion facility in Rotterdam began work on a major refit of the Stanislav Yudin, a 24,800 tonne heavy crane...

Jul 25 2014 / Comments Off / Read More »
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