News

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

The Bureau Veritas classed fleet grew strongly during 2011 and in June passed 80 m gt. Today, 9,663 sea-going vessels and 1,853 inland navigation ships are classed by Bureau Veritas.

On 20 June 2011, the International Association of Dry Cargo Shipowners (Intercargo) launched the latest edition of their annual publication, Benchmarking Bulk Carriers 2010-11.

How do you return a 400-tonne ship to Japan's waters, after it washed ashore in March's brutal tsunami? Using giant cranes that hoist it 30ft above the ground, lowering

Marine bearings that use seawater as lubrication rather than oil have earned a Burlington company a spot on the short list for an international environmental award.

After publication of a joint investigative report in The Jerusalem Post and the German business daily Handelsblatt late last month, French shipping giant CMA CGM S.A.

Ocean carrier named top Liner Owner/Operator, wins Environment Protection Award APL, the world’s seventh largest container shipping carrier, won the Liner

Russia's state-controlled gas monopoly Gazprom said Monday that it hopes to clinch a multibillion dollar deal with China by year-end to become the largest supplier of natural

Rich enough to buy a Bentley on a whim or poor enough to be set back by a simple traffic fine, Americans are angry about gas prices. That anger has a long list of targets