News

Somali pirates have been using Yemen's remote Horn of Africa island of Socotra as a refueling hub enabling their attack craft to stay restocked for longer periods at sea

Following the launch of the all-new SAILOR 6110 mini-C as part of the sophisticated SAILOR 6000 GMDSS Series at SMM 2010, Thrane & Thrane has completed development

Filipino seafarers are not threatened by a looming employment ban by the European Union against them for not complying with certain maritime standards, the Labor chief said.

India-based GMR Infrastructure's subsidiary GMR Energy is in discussions with IDFC to secure INR3.7bn ($83.25m) in debt to achieve financial closure for two transmission projects in the state of Rajasthan, India.

Geronimo Wind Energy has signed a long-term renewable energy purchase agreement with Xcel Energy to buy 200MW of wind energy from its Prairie Rose Wind Farm in the US.

On July 6, NYK Line and Tokyo LNG Tanker Co. Ltd., a wholly owned subsidiary of Tokyo Gas Co. Ltd., held a naming ceremony for a jointly owned LNG carrier being built at the Sakaide Shipyard of the Kawasaki Shipbuilding Corporation. At the ceremony, Tsuyoshi Okamoto, the president of Tokyo Gas Co. Ltd., named the vessel Energy Horizon, and his wife cut the guy rope. Yasumi Kudo, the president of NYK, was also in attendance.

Crowley Maritime is bolstering its logistics capabilities in the Caribbean with the acquisition of Puerto Rico Freight Systems, a company specializing in freight consolidation and less-than-container load transportation.

Cold is the new hot in shipping circles as melting sea ice opens up prospects for trade between China and the west to move across the roof of the world.

The Australian Maritime Safety Authority (AMSA) has accepted a web-based realtime Under Keel Clearance Management (UKCM) system developed under contract by OMC International for the waters of Torres Strait and this marks a significant turning point for the company, Founder and Executive Director Dr Terry O’Brien OAM said yesterday.

On July 5, 2011, A.Zagorovsky, SDAG CEO, and N.Reshetov, Director-General of the Russian Maritime Register of Shipping (RS) had a meeting where they agreed on extending their cooperation aimed at increasing the involvement of Russian companies in Phase I of Shtokman gas and condensate field development project. This agreement is stipulated in the frame cooperation agreement recently signed by SDAG and RS.

Teekay Corporation (Teekay) announced that its Board of Directors has declared a cash dividend on its common stock of $0.31625 per share, payable on July 29, 2011

The fleet of Azov-Don Shipping Group has carried for the past six months of this year 2,510,000 tons of cargo, up 6% over the same period last year, the shipping company said.

Climate change in the Arctic is not likely to spark an immediate boom in oil and gas exploration, according to a new study published in the journal Atmospheric Chemistry and Physics.

Iran is ready if threatened to close the Strait of Hormuz to ships linking the Gulf to international markets, Revolutionary Guards commander General Mohammad Ali Jafari told Mehr news agency.

Pirates may or may not have stepped on the shores of Newcastle at some point in the distant past, but they will be out in force at the Newcastle Maritime Centre these school holidays. So much of the history of Newcastle, and indeed the Hunter itself, revolves around the Hunter River.

The container industry is in dire need of a correction on the supply side and even the realisation of a decent peak season demand surge this summer will not provide enough momentum to lift severely eroded freight rates in the key east-west trades.Container operators

Wilhelmsen Ships Service has opened eight new liferaft servicing stations since January. These stations are a vital component of the LRE offer, providing ready-serviced liferafts to vessels that have signed up to the scheme.

Brazilian mining giant Vale will have China and South Korea build its new giant bulk carriers as domestic Brazilian shipyards do not have capacity to take the order, Vale chief financial officer said on Tuesday.

Africa is one of the few regions of the world where there is genuine expectation of large scale heavy lift growth in the next decade, claims global shipping forwarder and agent Tuscor Lloyds.

Somali gangs are taking piracy to an industrial scales and the number of seafarers killed due to piracy has escalated in the past four years with 62 merchant sailors losing their lives through torture, execution, suicide and malnutrition, campaigners said.Somali gangs, who are making millions of dollars in ransoms, are becoming increasingly violent,