Company moves to mid-scale FLNG schemes, backed by huge war chest An SBM Offshore FPSO. Credit: SBM OffshoreSBM Offshore is best known as a player in the floating production storage and offloading (FPSO) sector, which has been ingrained in maritime minds because of the strong showing by the company-s core business segment. Less known is that SBM Offshore has widened its product range...
Cut-price maritime networking I have always argued that shipping is a relationship business. This is why networking at conferences and exhibitions is the real reason why executives travel as much as they do. Instead of conferences having coffee breaks squeezed between long and rarely-stimulating speeches, speeches should be placed at intervals to provide...
India unveils new guidelines for dredging at state-owned ports Dredging activity at Cochin port. Credit: Cochin portThe Indian government has told all its 12 state-owned ports to finalise capital and maintenance dredging contracts on the basis of open competitive bids, according to the new guidelines on undertaking dredging works at these ports framed by the shipping ministry. The new guidelines...
How nuclear tech could fuel the next generation of ships Ship development across all sectors is governed by cost and efficiency, whereas naval designs are also driven by military considerations. The next generation of commercial ships could include nuclear technologies, such as fusion and thorium, which might become associated with onboard generation of almost limitless energy. Fuel candidates include scaled-down liquid-core molten...
Commentary: How nuclear tech could fuel the next generation of ships A storage pool for spent nuclear fuel tanks. Credit: PAShip development across all sectors is governed by cost and efficiency, whereas naval designs are driven also by military considerations. The next generation of commercial ships could include nuclear technologies, such as fusion and thorium, which might become associated with onboard generation...
Piraeus port bidding extended Piraeus port. Credit: PAThe government of Greece has again extended the bidding process for the sale of the port in Piraeus - the country-s largest - this time at the request of the potential purchasers. In the second delay in less than a month, Greece-s privatisation agency has pushed the deadline back by two weeks to...
Hyundai Samho wins Suezmax quartet order Korea-s Hyundai Samho shipyard has secured its latest contract with an order to build up to four 158,000 dwt crude oil tankers. Singapore based Active Shipping & Management Pte Ltd, formerly Aktif Denizcilik Bilgisayar, has contracted two firm Suezmaxes with two options attached.Both firm vessels are scheduled to be delivered in...
Visakhapatnam Port to dredge beach front A Dredging Corporation of India trailing suction hopper dredger. Credit: IHC MerwedeIndia-s state-owned Visakhapatnam Port Trust on the country-s eastern coast has hired the Dredging Corporation of India, also state-owned, to carry out beach nourishment in and around the nearby submarine museum after a series of cyclonic storms since 2013...
SNCM seafarers strike over company takeover plan Marseilles port. Credit: PASeafarers at French Mediterranean ferry operator SNCM went on strike for the third successive day on 23 November. The strike was called in reaction to the decision by the Marseilles court of commerce to accept a bid for the company from Corsican entrepreneur Patrick Rocca on 20 November. The seafarers,...
EASTMED Selects Marlink High Speed VSAT and XChange Eastern Mediterranean Maritime Limited (EASTMED) to move to Marlink-s global VSAT solution combined with XChange communication management platform to provide crew and clients with more efficient IT solutions and operational efficiency Oslo, 23 November 2015 - Marlink today announced that Greece-based Eastern Mediterranean Maritime Limited (EASTMED), a shipping operator servicing the...
HHI executes cost-cutting measures Credit: PAThe world's biggest shipbuilder Hyundai Heavy Industries will implement intensive cost-cutting to restore profitability, it said. Under the cost-cutting measures, presidents of HHI subsidiaries, including Hyundai Mipo Dockyard, Hyundai Samho Heavy Industries and Hyundai Oilbank, will return their year-to-date salaries. HHI executives would be asked to return up to half...
Offshore marine market facing -annus horribilis- Credit: PAThe offshore marine sector is facing a systemic shock due to both supply and demand factors, according to an analyst. A series of red flags indicated the gravity of the downturn and suggested the rig market was at its worst since the 1980s, said David Palmer, chief executive officer of...
Pan Ocean eyes multimillion dollar revenue from first year of new grain trading business Pan Ocean Capesize Ocean Vanguard. Credit: Aart van BezooijenSouth Korea-s Pan Ocean expects USD240 million in sales in the first year of operations of its new grain trading business, as the company looks to rebuild its status under new ownership. "We expect to trade around 1.2 million tonnes of grain in...
Russia sanctions could be extended Western leaders discuss extension at G20 summit in Antalya
Navios takes 'difficult' decision to axe dividend Dry bulk and logistics company launches $25m share buyback programme
OSG to gain public listing of Class A common shares Long-coveted IPO and listing on the main board of the New York Stock Exchange remains elusive
CMA CGM poised to narrow gap with Maersk and MSC APL brand name likely to be kept if French line seals takeover of Singapore carrier
Idle fleet continues to surge Owners slow to take tonnage out of service as supply-side imbalance remains
Handies index inches towards all-time low Freight rates continue to sink amid overcapacity and soft demand
UK Defence Club promises full support for OW Bunker claims FD&D specialist freezes premiums for second year on the trot
Sekimizu announces World Maritime Day theme IMO secretary-general sets -Shipping: Indispensable to the World- as 2016 topic
Pioneer Marine reports $5.4m quarterly loss Recent cancellations and delays of newbuildings in China help strengthen company finances
Swire Bulk invests in Australian market Parent China Navigation Company carrying out newbuilding programme to renew and expand fleet size
ITF move to curb bullying and harassment on docks Online resources designed for union trainers
MOL unit to construct two ro-pax ferries Two ferries to serve route linking Osaka port to Shibushi port
Port of Long Beach mulls dock storage cuts Increase in containers stored on docks has made it harder to deliver them quickly, port boss says
Panama Canal congestion measures 'are working' Expanded locks still scheduled to open in April 2016, ACP says
Ridgebury Tankers puts tankers up for sale Company plans to sell fleet of 15 tankers amid attractive prices
US supply chain comes together under one roof in San Diego Following the success of two Canadian shipping and logistics shows, the $1trn US logistics market looks forward to the Cargo Logistics America Expo + Conference in San Diego next month
Shippers and shipping Relationships between the two sides of the cargo transport equation are often fraught but each needs the other
Enter the spy in the sky Brussels is preparing to use drones to monitor shipping, but there are safety, privacy and civil liberty issues to be worked through
Less tare - more payload As the industry prepares for compulsory box weighing, there is a new way of keeping boxes slim
Pension funds urge approval of Signal buy Alabama retirement systems say purchase will bring meaningful payout to creditors.
Singapore-s ST Marine settles with Cockett Largest creditor in arrest of ferry in US court will recover nearly all of $1m claim.
Cruiseship to the rescue for Cubans A Royal Caribbean cruiseship aids in the offshore rescue as refugee exodus continues.
Cruise ship to the rescue for Cubans A US-based cruise ship aids in the offshore rescue as refugee exodus continues.
Singapore-s ST Marine settle with Cockett Largest creditor in arrest of ferry in US court will recover nearly all of $1m claim.
Frangou: buyback will not prevent growth Navios Holdings chief explains how it will handle expansion while investing in its own stock.
BC Ferries hikes profit Canadian ferry operator carries more passengers in Q2 as it continues $2.5bn investment plan.
BDI off the bottom but dry still on the canvas Capesizes pull Baltic Dry Index back above 500 points but asset values are at lowest since 1988.
11 killed in sinking Another person missing after tugs collide under bridge in Indonesia.
Chu Kong eyes ferry deal Hong Kong group to supply ships for Alter City-s new casino in Mariana islands.
BDI blues see Navios Holdings end dividend Angeliki Frangou says the company will stop payout after 39 consecutive quarters and invest in its own stock.
GSL scraps again NYSE quoted shipowner disposes of veteran vessel to leave it with just two 1990s built ships.
What to do with $650m back on Wall Street? Analyst questions how OSG will set cash to work after return to stock exchange.
Haimark cancels sailings US cruiseship operator halts voyages into December following Chapter 11 bankruptcy filing.
UK ferries on the rise Domestic Ferries says British companies put summer Channel disruption firmly behind them.
Eimskip keeps options open Icelandic line plans fleet renewal and other investments as Q3 profit rises.
Sinokor toasts aframax tanker asset play South Korean owner said to have booked a profit after moving on aframax it bought last year.
Suez revenue up Egyptian waterway earns more from fewer transits in October as bulker numbers drop.
Songa fights back Counterclaim considered against DSME in row over newbuilding contracts.
Siem fixes PSV trio Norwegian owner secures employment for three ships, one of which was reported sold in May.
CSAV back in black Chilean owner swings to profit following liner merger with Hapag-Lloyd.
Frontline 2012 to fire ahead of merger Danske Bank predicts strong profit from tanker owner tomorrow as it boosts crude forecasts.
HHI squeezes bosses Presidents of subsidiaries to work for nothing as other execs take 50% pay cut after losses.
'Bulldozer' to reform Indian ship law Wholescale scrapping of old rules to bring legal framework up-to-date
BWO slips to loss Forex and depreciation hit Singapore FPSO owner, but cash flow to stay healthy from term charters.
Korea sues Sewol owner Government wants $161m compensation from Cheonghaejin Marine after ferry sinking.
Impairments dog Rickmers results German group hurt by write-downs in asset values, but revenues increase on back of cost cutting.
Pioneer losses mount Mixed quarter for Pankaj Khanna-led shipowner as revenues slide, but costs are reduced.
The Post-2014 Era Fuel Quality Review for Asia, Middle East and Africa.
Shipping coalition calls for urgent GHG action Says IMO should be encourage to establish 'progressive frameworks' as current regulations are insufficient.
Russian data: October fuel oil exports down Falling 8.7% on year to 3.894 million mt.
Searights mourns the passing of Cecil Cheong Managing Director is fondly remembered for his business acumen, his leadership and most of all his humanity.
Shipping GHG emissions are 'the elephant in the room' Demonstrators lobby IMO meeting.
Gibraltar: LNG bunkering comments downplayed Storage capacity for power plant not bunkering.
Djibouti 'one of the safest bunkering areas in East Africa' Harbor Master 'pleased with the smooth operations of RSB'.
Fuel oil transfer stopped off Malaysian waters Authorities intercept vessels suspected of illegal activities.
Engineering firm claims world's most efficient fishing trawler 'This will be a very large and extremely modern fishing vessel', says Wartsila.
US federal agency in 'first' inland LNG bunker initiative Provides funding for towboat conversion to use LNG as fuel.
Ardmore takes delivery of 'eco' newbuildings As part of efficiency drive.
Port of Rotterdam: LNG bunkering safety studies published As part of LNG masterplan for Rhine-Main-Danube.
Cockett's claim against Nova Star settled At $1.06 million it was the biggest of multiple claims against the vessel.
Chemical tanker firm receives 'eco' newbuildings Vessels from Japan and South Korea, says company.
Port of Rotterdam: New LNG bunkering safety studies available Studies published as part of LNG Masterplan for Rhine-Main-Danube.
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