Top Stories Shipyards Feather in Cosco’s Cap

Shipyards Feather in Cosco’s Cap »

Turnover from shipyard operations increased 29.3% according to Cosco Corporation Limited’s, a Singapore-based ship repair and marine engineering and shipping group, 2nd quarter financial results for the 3 months ended June 30, 2014.   The rise...

August 1 2014 / Comments Off / Read More »
IMO Backs GOC’s Call for Ocean Rescue Action

IMO Backs GOC’s Call for Ocean Rescue Action »

International Maritime Organization (IMO) Secretary-General Koji Sekimizu has backed call for enhanced action at all levels to mitigate the threats to the global oceans described in the recently-published report of the Global Ocean Commission (GOC),...

August 1 2014 / Comments Off / Read More »
Third of Gail India’s LNG Ships to Be Built at Home

Third of Gail India’s LNG Ships to Be Built at Home »

Responding to the media reporting that it will buy one third of LNG ships for ferrying gas from the US from Indian builders, India’s gas utility Gail India Ltd confirmed in a filing it will...

August 1 2014 / Comments Off / Read More »
Russia Sanctions a Double-Edged Sword?

Russia Sanctions a Double-Edged Sword? »

On July 29, 2014 the European Council, announced that the European Union had agreed a package of significant additional restrictive measures targeting sectoral cooperation and exchanges with the Russian Federation.   The sanctions imposed on...

August 1 2014 / Comments Off / Read More »
Hyundai Heavy Falls Short of Ambitious Goals

Hyundai Heavy Falls Short of Ambitious Goals »

South Korea’s shipbuilding giant Hyundai Heavy Industries has been hit hard by the slowdown in the global shipping industry, posting a quarterly loss of 1.1 trillion Won (US$1.08 billion) in the second quarter of 2014.  ...

August 1 2014 / Comments Off / Read More »
UPDATE 1: Buyer of Kurdish Oil Revealed

UPDATE 1: Buyer of Kurdish Oil Revealed »

Chemicals firm LyondellBasell has been revealed by Reuters as the mystery American buyer of Kurdish crude oil this year.   “We have canceled further purchases and will not accept delivery of any of the affected...

August 1 2014 / Comments Off / Read More »
Ardmore Overturns Loss

Ardmore Overturns Loss »

New York-listed tanker owner Ardmore recorded a net profit of $100,000 for the three months ended June 30, 2014, overturning a loss of $1.2m recorded for the same period last year.   Earnings per share...

August 1 2014 / Comments Off / Read More »
EXMAR: VLGC Market Levels Historically High

EXMAR: VLGC Market Levels Historically High »

The VLGC market has reached and is maintaining historically high levels, based on first semester results of the EXMAR Group, owner and operator of LNG and LPG carriers.   According to the company, the recent...

August 1 2014 / Comments Off / Read More »
Headlines

DSME Adds Four VLCCs to Its Orderbook »

DSME Adds Four VLCCs to Its Orderbook

South Korean Shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has won an order for four very large crude carriers (VLCCs) from Greek shipowner John...

Jul 31 2014 / Comments Off / Read More »

Guangzhou Shipyard Scores VLOC Quartet Order »

Guangzhou Shipyard Scores VLOC Quartet Order

Guangzhou Shipyard International (GSI) has secured an order from Australian miner Fortescue Metals Group to construct four 250,000 dwt very large ore carriers (VLOCs)....

Jul 31 2014 / Comments Off / Read More »

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 »




Also in the news

SCS Multiport Adds Zeebrugge – Tilbury Route »

SCS Multiport Adds Zeebrugge – Tilbury Route

Port of Tilbury, owned by Forth Ports Limited, and Port of Zeebrugge / MBZ have announced that SCS Multiport will add a brand new route to their current Amsterdam-Tilbury service to deliver Far East deep sea transhipment and continental loads between the container ports of Tilbury,...

Aug 1 2014 / Comments Off / Read More »

Nicaragua Canal Project Includes Dutch Know-How »

Nicaragua Canal Project Includes Dutch Know-How

Nicaragua has opted for Dutch know-how in construction of the country’s shipping canal project, which is believed would usher a new age for shippers, especially with respect to fuel savings.   Dr. Paul Oquist, a Nicaraguan Minister and an advisor to the President for the...

Aug 1 2014 / Comments Off / Read More »

Four More Join Supra8 Pool »

Four More Join Supra8 Pool

Provider of shipping management services Navig8 has added four more secondhand cargo ships to its Supra8 pool.   The bulk carrier quartet is comprised of Stellar Eagle, Woodstar, Shrike and Wren. Stellar Eagle was built in 2009 by Ishikawajima Shipyard and has grain capacity of...

Aug 1 2014 / Comments Off / Read More »

Busy Week for Sinopacific Shipbuilding »

Busy Week for Sinopacific Shipbuilding

The order intake at Sinopacific Shipbuilding Group is topnotch judging by the latest figures, i.e., nine offshore newbuilds.   Sinopacific has recently signed a contract with Singaporean company Vallianz Holdings Limited for the construction of four SPA60 vessels, and with Shenzhen Huawei Offshore Shipping Transport Co.,...

Aug 1 2014 / Comments Off / Read More »

Cargo Ships Collide in Azov Sea »

Cargo Ships Collide in Azov Sea

Two general cargo ships collided while on opposite courses on Thursday afternoon, July 31 in the Azov sea, according to the local Vessel Traffic Control Centre.   The two vessels are Moldova-flagged Borisfen, which was en route to Turkey laden with wheаt from Rostov and...

Aug 1 2014 / Comments Off / Read More »

FERC Gives Green Light to Freeport Liquefaction Project »

FERC Gives Green Light to Freeport Liquefaction Project

The U.S. Federal Energy Regulatory Commission (FERC) authorized Freeport LNG Development, L.P. to site, construct, and operate facilities to liquefy and export domestic natural gas from its existing liquefied natural gas (LNG) import terminal located near the city of Freeport, Brazoria County, Texas.   The...

Aug 1 2014 / Comments Off / Read More »

2013 Fruitful Year for Port of Cork »

2013 Fruitful Year for Port of Cork

The 2013 proved a good year for the Port of Cork, which reported an increase in traffic volumes from 9.05 million tonnes in 2012 to 9.12 million tonnes in 2013.   Turnover amounted to €23.3 million in 2013, an increase of 6.59% and after deducting...

Aug 1 2014 / Comments Off / Read More »

Enterprise Covers 85 Pct Capacity of Its Houston Ethane Terminal »

Enterprise Covers 85 Pct Capacity of Its Houston Ethane Terminal

Enterprise Products Partners L.P. has executed an additional long-term contract to provide ethane storage, transportation, refrigeration and loading services from its new ethane export terminal that is currently under construction on the Houston Ship Channel.   With this new agreement, Enterprise now has long-term commitments...

Aug 1 2014 / Comments Off / Read More »

Arctic Cruise Ship in Trouble off Greenland »

Arctic Cruise Ship in Trouble off Greenland

Cruise passengers onboard Sea Adventurer have had to fly home before reaching their final destination due to engine troubles.   The ship, run by Arctic Adventures, set sail on its week-long journey on July 23 and was scheduled to arrive in Canada on July 30....

Aug 1 2014 / Comments Off / Read More »

 

Popular articles

Image of the Day: Icebreaker Yamal Gets Its Teeth into Icy Waters »

Image of the Day: Icebreaker Yamal Gets Its Teeth into Icy WatersRussian nuclear-powered icebreaker Yamal has embarked on a journey to assist  research vessel Akademik Fyodorov in a  geophysical study off Russia’s continental shelf.   During...

Aug 1 2014 / Comments Off / Read More »

VIDEO: Printing Your Own Spare Parts »

VIDEO: Printing Your Own Spare PartsSurging shipping costs for ship spare parts has enticed engineers to look for more cost-effective options. If only the spare parts could be made onboard!...

Jul 31 2014 / Comments Off / Read More »

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 »
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