Category archives for: Shipping News

Oman Drydock Repairs First LNG Carrier

Oman Drydock Repairs First LNG Carrier

Oman Drydock Company (ODC) has completed its first major LNG repair and maintenance project since being awarded the coveted Gaztransport & Technigaz (GTT) licence in June. Middle-East based ODC has just completed work on the Ibra LNG, owned by Oman Shipping Company (OSC), one of the biggest shipping companies in the Gulf. It is the first […]

Global Ship Charters Out Latest Addition

Global Ship Charters Out Latest Addition

Global Ship Lease, Inc. has agreed to buy an 8,063 TEU container ship from an unnamed container liner company for a purchase price of USD 55 million. The 2005-built vessel is expected to be delivered in the fourth quarter of 2014, and immediately time chartered back to the same container liner company for a period of 36 […]

New Jersey Port Getting Rail Upgrades

New Jersey Port Getting Rail Upgrades

The Port Authority of New York and New Jersey approved redevelopment of Greenville Yard that will include a new ExpressRail facility that will support the adjacent Global Marine Terminal. This will allow the terminal to ship and receive containerized cargo by rail, a capability that it lacks today, the Port Authority says in a release. […]

Fire Kills FSO Chief Engineer

Fire Kills FSO Chief Engineer

Engine room fire that broke out on Pertamina-owned Cilacap/Permina Samudra 104 floating storage and offloading (FSO) killed the chief engineer Purwo Hadi Wibowo, whose body was found in the engine room at 9 pm Jakarta time yesterday unit has suffered extensive damage following an engine room fire, IHS Maritime 360 reports. Cilacap/Permina Samudra 104 , carrying 45,000 […]

How Will Scottish Independence Impact Maritime Industry?

How Will Scottish Independence Impact Maritime Industry?

The long-awaited vote on the Scottish independence taking place today has seen international maritime players raise concern on the possible effects of the vote on the Scottish maritime industry. According to Moore Stephens’s recently conducted survey of the international shipping community members on the impact of the vote, over half of respondents (55 % ) […]

PIRA Issues Weekly Energy Recap

PIRA Issues Weekly Energy Recap

A weekly Energy Market Recap by NYC-based PIRA Energy Group reports that Asian oil balances will for now remain long, with the U.S., product stock build outpacing crude draw, thus widening commercial stock excess; and Japan’s both crude and finished product stocks rising. Oil prices in Asia are likely to remain soft. Asian oil demand […]

Global Tanker Fleet Shying Away from ECDIS

Global Tanker Fleet Shying Away from ECDIS

The majority of ships in the global tanker fleet have yet to adopt ECDIS, according to data published for the first time by the United Kingdom Hydrographic Office (UKHO). The SOLAS regulations on the mandatory carriage of ECDIS will come into force from July 1, 2015 for all tankers over 3,000 gross metric tonnes, apart […]

Tubbataha Damage Compensation Talks Still in Progress

Tubbataha Damage Compensation Talks Still in Progress

Talks are still underway between the US and the Philippines on compensation for damages inflicted by grounding of the USS Guardian, the Phillippine Department of Foreign Affairs said Tuesday. The US Navy minesweeper USS Guardian (MCM 5) ran aground on Tubbataha Reef Jan. 17, while transiting the Sulu Sea. Damages caused by the grounding are estimated […]

Restrictions Stifling Australia’s Coastal Shipping

Restrictions Stifling Australia’s Coastal Shipping

Over AUD 400 billion worth of international cargo moved across Australian ports in 2012/13, and some 4,900 cargo ships made almost 14,000 visits from overseas to Australian ports. However, Australian ports handled 97.4 million tonnes of coastal freight during 2012-13, an almost 2% decrease on 2011-12, indicative of a longer-term trend of decreasing amounts of coastal trade, […]

ReCAAP: Number of Piracy Attacks in Asia Decreasing

ReCAAP: Number of Piracy Attacks in Asia Decreasing

A total of 11 piracy attacks, comprising eight actual incidents and three attempted incidents were reported in Asia in August 2014, Information Sharing Centre of piracy watchdog ReCAAP said in the latest report. According to the report, the situation of piracy and armed robbery against ships in Asia continues to improve in August 2014, with […]

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