News

A surplus of available tankers for shipping gasoline to the U.S. from northwestern Europe expanded for the third straight week, as demand for the auto fuel collapsed, a survey showed.

The government has envisaged an investment of more than Rs 22,000 crore for setting up nine new major ports in the country over the next five years.

Development of Shipping and Ports Facilities will play significant role in supporting growth of ocean energy industry

The Indian Ministry of Shipping unveiled plans to triple its exports of merchandise by March 2017.

Pulling up state-run Shipping Corporation of India for not pursuing an ambitious acquisition policy to augment fleet, accounting watchdog CAG today said it has not only resulted in Rs 2,100 crore cost overrun, but also adversely impacted its business growth.

Indian shipping companies, reeling under low freight rates and high fuel prices, will face further cost pressure due to new emission norms set by International Maritime Organisation (IMO).

Area Congressmen Gene Green and Pete Olson emphasized that the Port of Houston and Houston Ship Channel are the key to boosting growth of the Houston region, as they addressed the Petrochemical and Maritime Outlook Conference last week in Pasadena.

Kawasaki Heavy Industries, Ltd. has recently delivered the Cape Sasanqua bulk carrier, with a capacity of 205,000 DTW (Kawasaki hull no. 1655, NACKS hull no. 97), for KAW 1655 Shipping S.A. at Nantong COSCO KHI Ship Engineering Co., Ltd. (NACKS) in Nantong, China.

In 2010 Amarcon’s OCTOPUS-DP Capability forecast for efficient offshore DP operations was brought to the market. The OCTOPUS-DP functionality gives offshore vessels the possibility to make optimum use of a safe time window for their weather-sensitive operations.

Rolls-Royce, the global power systems company, has won an order from Norwegian ship builder Simek AS to design and equip a UT755 LC platform supply vessel.

KfW IPEX-Bank is financing the construction of the first completely gas-powered and thereby low-emission ship in Germany.

The Board of Directors of PST Management Pte. Ltd. (“PSTM”), as Trustee-Manager of Pacific Shipping Trust (“PST”), announced that PST has taken delivery of its 180,000 DWT capesize bulk carrier,

SITC International Holdings has exercised an option to build two containerships with Yangfan Group. The two containerships of 1,100 teu each, valued at a total of $36.2m, are scheduled to be delivered by 31 August 2012, according to a statement by SITC on Friday.

The NYK-TDG Maritime Academy (NTMA) is one of the first three maritime academies to have been recognized by Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) under a new certification program for graduates of overseas maritime academies.

Ballast Nedam has secured a contract worth €250m from wpd for the engineering, supply and installation of 80 foundations at the Butendiek offshore wind farm in Germany.

USG Oregon has secured $2.3m from the Federal Financing Bank to construct the 23MW Neal Hot Springs power plant in Oregon, US.

Demag Cranes and Components has secured a contract from Granada Material Handling to supply 164 electric wire rope hoists for a renewable energy project.

The Al Sheehaniya LNG carrier, with a capacity of 210,000 cubic metres, is due to arrive in the UK’s South Hook terminal September 11, according to the Milford Haven Port Authority website.

At 12:00am on 31th August 2011, a launching ceremony of 32M ASD TUG YX3132 which applies the design of ROBERT ALLAN LTD, was held in Yuexin Shipyard.

Brazilian mining giant Vale said it did not experience any lease dispute with shipping conglomerate China COSCO Holdings Co Ltd’s and it was business as usual between the two firms.