News

Reducing Fatigue Risks onboard Oil Tankers and LNG Carriers

Reducing Fatigue Risks onboard Oil Tankers and LNG Carriers

An enhanced Fatigue Design Assessment (FDA) Level 2 solution is now available in LR’s ShipRight software

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Awilco LNG Adds One More to Its Fleet

Awilco LNG Adds One More to Its Fleet

The second of the first two liquefied natural gas (LNG) carriers to be ordered by Norwegian LNG transportation provider Awilco LNG

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Genco’s Restructuring Plan Okayed

Genco’s Restructuring Plan Okayed

Genco Shipping & Trading, operator of dry cargo ships, has obtained approval from the U.S. bankruptcy judge Sean Lane

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Algeciras Port Takes Lead in the Med

Algeciras Port Takes Lead in the Med

A USD 73 million investment to upgrade four existing cranes, along with other infrastructure improvements to APM Terminals Algeciras

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How Many Containers Have Shippers Lost at Sea?

How Many Containers Have Shippers Lost at Sea?

The World Shipping Council (WSC) estimates in its report on containers lost at sea that for the combined six year period from 2008 to 2013, there were 546 containers lost on average each year.

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Concordia Removal Team Explains Refloating Phase to the Public

Concordia Removal Team Explains Refloating Phase to the Public

The Commissioner for the Concordia Emergency Franco Gabrielli, the coordinator of the Concordia Removal Project Franco Porcellacchia

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Diana Invests in Newbuild Capesize Bulker

Diana Invests in Newbuild Capesize Bulker

Diana Shipping Inc. has signed a Memorandum of Agreement to acquire a new-building Capesize dry bulk vessel from an unaffiliated third party seller.

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ICS Praises Release of Car Carrier Global Spirit

ICS Praises Release of Car Carrier Global Spirit

Release of the car carrier ‘Global Spirit’, which was detained for three weeks by Belgian environmental authorities in the port of Antwerp

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CMV Charters New Cruiser

CMV Charters New Cruiser

British based cruise operator Cruise & Maritime Voyages (CMV), has revealed plans to introduce the 550 passenger classic cruise ship Azores to its fleet in 2015.

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Brent Set for First Weekly Drop Since Iraq Crisis

Brent Set for First Weekly Drop Since Iraq Crisis

Brent headed for the first weekly drop since violence erupted in Iraq amid speculation that oil output would remain safe in OPEC’s second-biggest producer. West Texas Intermediate was steady in New York.

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UK signs £16.6bn renewable energy contracts in 2013 without price competition: NAO report

UK signs £16.6bn renewable energy contracts in 2013 without price competition: NAO report

The UK Government's decision to award £16.6bn worth of early contracts to eight renewable generation projects without price competition may lead to increased energy costs for consumers, the National Audit Office's (NAO) new report revealed.

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Alstom selected to provide ECO110 wind turbines for Polish wind farm

Alstom selected to provide ECO110 wind turbines for Polish wind farm

Alstom has received a contract from PGE Energia Odnawialna to supply ECO110 wind turbines for the 90MW Lotnisko wind farm.

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ASU Taking Steps to Upgrade Ukrainian Ports

ASU Taking Steps to Upgrade Ukrainian Ports

The Administration of Seaports of Ukraine (ASU) is drafting measures for technical upgrade and development of the water areas of seaports, the press service of the Ministry of Infrastructure has announced.

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Irish Ports Face Slight Fall in 2013

Irish Ports Face Slight Fall in 2013

Irish ports handled 46.7 million tonnes of goods in 2013, a fall of 927,000 tonnes (-1.9%) compared to 2012, according to Ireland’s Central Statistics Office.

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Watchkeeper: Why Shipping Is Likely to Cost More?

Watchkeeper: Why Shipping Is Likely to Cost More?

It seems to have taken a very long time coming, but the public is at last being alerted to why their shipping is likely to cost more in the future, according to Watchkeeper.

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US Marine Transportation Capacity Set for 25 Pct Rise

US Marine Transportation Capacity Set for 25 Pct Rise

Petroleum accounts for the largest share of cargo carried on the water, with well over two billion barrels of petroleum and petroleum products

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NSF: Ocean Currents Might Have Caused Ice-Age Prolongation

NSF: Ocean Currents Might Have Caused Ice-Age Prolongation

Climate scientists have long tried to explain why ice-age cycles became longer and more intense some 900,000 years ago, switching from 41,000-year cycles to 100,000-year cycles.

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CMA CGM Danube Ready to Hit High Seas

CMA CGM Danube Ready to Hit High Seas

The maiden voyage of the CMA CGM Danube will begin on June 30, 2014 in China, CMA CGM Group announced.

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Lomar Shipping Takes Delivery of Its Bulker Duo

Lomar Shipping Takes Delivery of Its Bulker Duo

COSCO (Zhoushan) Shipyard Co., Ltd, a subsidiary of COSCO Shipyard Group Co., Ltd, has delivered two bulk carriers of 64000DWT,

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