News

This year is already a record year for dry bulk carrier demolition. In Jan-May 2011, 13.6m Dwt of bulkers have been scrapped, including 7.1m Dwt of Capesize (over 120k Dwt) bulkers. If scrapping continues at this pace for the balance of 2011, it could

The Southeast Missouri Regional Port Authority is dredging up old problems of, well, dredging, or at least obtaining the funding to do so in 2011.

In a direct response to the growing needs of its customers, DP World, UAE Region announced that it has commenced upgrading Al Hamriya Port in Dubai. Work has already

The Port of Salalah general cargo terminal (GCT) handled a record 764,000 tonnes of cargo in May this year. This is the largest volume of cargo handled in any month

China Rongsheng Heavy Industries Group Holdings Limited ("Rongsheng" or the "Group"; stock code: 01101.HK), a large heavy industries group in China, has garnered

Aker Solutions' geo business has signed a three-year frame agreement with Eni Norge AS to supply sub-surface consultancy services within the areas of geology, geophysics,

Tsakos Energy Navigation Limited yesterday announced the sale of the 1991-built aframax tanker Vergina II to third party owners. Vergina II, sister vessel of Victory III sold earlier in 2010, will be delivered to its new owners by the end of this month and will

Although new building orders have been on the downslide in the past few weeks, activity is still pretty healthy in most sectors, with container ships though stealing the show for the most part. According to the latest weekly report from Golden Destiny, “orders

DryShips Inc., a global provider of marine transportation services for drybulk and petroleum cargoes and off-shore contract drilling oil services, announced that it has obtained unanimous consent from its existing syndicate members to amend the $495 million secured

On 16 June 2011, as a part of St. Petersburg Economic Forum, Russia’s largest tanker company Sovcomflot and the State corporation “The Bank for Development and Foreign Economic Affairs (Vnesheconombank)” signed a bilateral agreement on cooperation. The document was signed by SCF’s President and CEO Sergey Frank and Vnesheconombank’s Chairman Vladimir Dmitriev.

Aker Solutions’ geo business has signed a three-year frame agreement with Eni Norge AS to supply sub-surface consultancy services within the areas of geology, geophysics, petrophysics, reservoir technology, well site and operations geology. Contract value is undisclosed.

State seaport operator PT Pelindo II says it will lead a consortium to build a Rp-800 billion (US$93.6 million) container port in Sorong, West Papua.

The new generation of 10,000 TEU container vessels contracted in China by Seaspan represents major improvements in energy efficiency, cargo capacity, operational efficiency and emission reductions. The new features have been developed in a collaboration between Seaspan, the Yangzijiang Shipbuilding Group, MARIC and DNV. The order for seven 10,000 TEU container vessels

The world’s largest dredging vessels will visit the territorial waters of Russia, the Ministry of Transport of Russia said. The Jan De Nul’s cutter dredgers will perform dredging in the framework of offshore gas pipelines construction near Kirinskoye gas and condensate field.

Six Project 11356 frigates will be constructed for Russian Navy, reported Vzglyad referring to a source in Yantar Shipyard (Kaliningrad).

Kuwait Oil Tanker Co. (KOTC) announced Monday it received a giant tanker from Daewoo Shipbuilding and Marine Engineering Co. The tanker, named Al-Salmi, can carry up to 1.2 million barrels of oil, according to a press release issued by KOTC.

Pipavav Shipyard has launched two Panamax bulk carriers, each of 74,500 DWT for the Golden Ocean group client. Speaking at the launch ceremony, Mr Mohan Das secretary shipping said that it is the vision of the Government of India to have a mega shipyard each on the east coast and the west coast of the country and the same has been

Panama flagged Egyptian merchant ship MV Suez has started sinking about 80miles off Oman's southern port of Salalah. The Panama flagged Egyptian merchant ship MV Suez

Ship pilots in the lower Mississippi River continue to raise alarm about the buildup of sediment in this vital economic artery, pointing to the recent grounding of a tanker as a sign

The shipping industry has warned its customers that failure to comply with new EU regulations will mean fines and their cargo will not be loaded.The new regulations, requiring