News

Solstad Offshore ASA (SOFF) has signed a contract with Saipem Ltd for use of the Construction Service Vessel (CSV) “Normand Oceanic” The duration of the contract is 150 days with commencement end of June 2011.

Plans are underway to expand the port limits of Walvis Bay in the few weeks to come, once the new boundary is published in the Official Gazette. Port Captain of Walvis Bay, Mussa Mandia, confirmed the expansion, amid reported complaints from officials in the shipping industry. Recent Media reports quoted two members of the shipping industry complaining that the fairway-buoy was relocated without the industry being notified in view of the confirmation of the expansion plans of the port. The duo who prefer to remain anonymous, are stakeholders in the shipping industry.

E.ON Climate & Renewables and MPI-Vroon have today signed a 6 year charter for the MPI Discovery, a specialist vessel used in the construction of offshore wind farms.

SENER and China Ship Development and Design Center (CSDDC) have signed a Memorandum of Understand for the implementation of the shipbuilding CAD/CAM FORAN system in CSDDC and for the collaboration in ship design and engineering activities and other marine related works. The agreement has been signed in Madrid at SENER headquarter, during a visit of a delegation from CSDDC.

This grid stability power plant project is an excellent example of Wärtsilä's ability to provide smart power generation solutions. The superior operational flexibility, high simple cycle energy efficiency, and multi-fuel capability provide an excellent means for Estonia to secure its electricity supply.

The breakaway region of Sudan, to be known from July 9 as the Republic of Southern Sudan (RoSS), is planning an oil pipeline through Ethiopia as one of its option to circumvent

The latest Shipping confidence survey from leading accountant and shipping adviser, Moore Stephens, reveals that overall confidence levels in the shipping industry dropped for the fourth successive quarter in the three months ended May 2011, to reach their

If the worst were to happen and a ship suffered a casualty resulting in large-scale pollution and a subsequent inquiry found the cause was engine-failure as a direct result of air pollution laws, who would be blamed?There have already been an alarming number

The Asia crude tanker market is slowing, with increased vessel availability from mid-July, but healthy gasoline and gasoil demand from South Asia may support

Panamax container ships are finding employment today but face growing competition from larger vessels, especially after the Panama Canal’s larger locks open in 2014,

German shippers are increasingly turning to private security suppliers to combat the threat of piracy, a study showed on Wednesday.Somali pirates are making

Exchange Co yesterday started trading in China's first forward freight futures, allowing cargo owners, export manufacturers and shipping companies to hedge risk amid fluctuating shipping rates.

The European Union would prefer to have a global solution to limiting greenhouse gas emissions from the shipping industry, officials said from Brussels.

Ocean carriers are offering a menu of new services to improve the supply chain efficiency and reduce the cost of delivering cargo from Asia to U.S. inland destinations,

Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) yesterday announced an upgrade to its Asia-East Coast South America Service (CSW). From July 2011 through 2012,

Kuwait Oil Tanker Company (KOTC) plans to contract ship builders for nine new tankers in the third phase of its fleet improvement plan, a local newspaper reported KOTC

The National Shipping Company of Saudi Arabia signed a murabaha financing agreement with the Saudi British Bank (SABB) and the National Commercial Bank for Saudi Riyals 822.6 millions.

Wärtsilä and Jiangsu CuiXing Marine Offshore Engineering Co. Ltd. have agreed to establish a joint venture for manufacturing Wärtsilä 26 and Wärtsilä

Dublin Port Company has welcomed RMR Shipping's new increased frequency of its service to West Africa, from a monthly to fortnightly service starting next month, writes Jehan Ashmore.

John Fredriksen has made no secret of his ambitions to expand his footprint in the shipping business when the time is right. When that time comes is currently the subject