News

UASC Secures Cash for Its Two Giant Box-Ships

UASC Secures Cash for Its Two Giant Box-Ships

United Arab Shipping Company S.A.G. (UASC) has concluded a bilateral facility worth USD 190 million with Burgan Bank’s

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Costa Crociere: Genoa Only Italian Port Fit for Concordia Scrapping

Costa Crociere: Genoa Only Italian Port Fit for Concordia Scrapping

Our company wants to honor a precise commitment: to remove the wreck as soon as possible, in total safety and with the highest environmental standards.

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Port Everglades Maps Future Growth Investments

Port Everglades Maps Future Growth Investments

Port Everglades is planning for the year 2033 with an updated roadmap for future growth over the next 20 years

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EU States Urged to Step Up Harmonization of Reporting for Vessels

EU States Urged to Step Up Harmonization of Reporting for Vessels

The European Commission has called EU Member States to step up efforts for simplification and harmonisation of the current reporting procedures for vessels to become reality.

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Box Carriers Pressured by Lack of Market Consolidation

Box Carriers Pressured by Lack of Market Consolidation

Lack of consolidation in the box carrying segment will resume exerting pressure on shippers, according to Drewry Shipping Consultants.

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Amendments to IMSBC Code Target Cargo Liquefaction Issues

Amendments to IMSBC Code Target Cargo Liquefaction Issues

Liquefaction of mineral ores, resulting in cargo shift and loss of stability, has been a major

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Obama Administration Widens Export Potential for U.S. Oil

Obama Administration Widens Export Potential for U.S. Oil

The U.S. Commerce Department opened the door to more U.S. oil exports as long as the crude is lightly processed

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Metso to supply automation technology to Finnish biomass plants

Metso to supply automation technology to Finnish biomass plants

Metso has received orders from Tampereen Sähkölaitos Group to supply its automation technology to the Tarastenjärvi waste-to-energy plant and to the Hervanta woodchip-fired heating plant in Finland.

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IMDO: MR Tanker Trans-Atlantic Rates Plunge

IMDO: MR Tanker Trans-Atlantic Rates Plunge

Medium range (MR) tanker rates on the US Gulf Coast to North-West Europe route have plummeted in June

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EU Commission Extends Liner BER Rules until 2020

EU Commission Extends Liner BER Rules until 2020

The European Commission has extended by another five years until April 2020 the validity of the existing legal framework exempting, if certain conditions are met, liner shipping consortia from EU antitrust rules.

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NOAA: Dead Zone in Gulf of Mexico Still Extensive

NOAA: Dead Zone in Gulf of Mexico Still Extensive

Scientists are expecting an average, but still large, hypoxic or “dead zone” in the Gulf of Mexico this year, and slightly above-average hypoxia in the Chesapeake Bay, according to NOAA.

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LR: Existing Shipping Rules Should Be Enforced, Not New Ones Created

LR: Existing Shipping Rules Should Be Enforced, Not New Ones Created

The Liberian Registry has called on shipping regulators to ensure the effective implementation of existing rules to protect human life, safety and the environment, rather than creating new rules and regulations instead.

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Ugland Bolsters Bulk Carrier Fleet

Ugland Bolsters Bulk Carrier Fleet

Ugland Shipping AS has signed a contract with Imabari Shipbuilding Co., Ltd., Japan, for the construction of two 63,000 dwt bulk carriers due for delivery in 2017.

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Pan Ocean Adds Two Bulkers

Pan Ocean Adds Two Bulkers

Pan Ocean Co. Ltd, a Korea-based shipping company, has ordered two new Capesize bulk carriers worth USD $56 million each from an unnamed shipbuilder.

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 SEC launches solicitation for 290MW of small-scale renewable source projects

SEC launches solicitation for 290MW of small-scale renewable source projects

Southern California Edison (SCE) has launched the fifth round of solicitation for small-scale renewable source projects including solar, wind, geothermal and biomass.

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TOP Ships Takes Delivery of Its First Newbuild MR Tanker

TOP Ships Takes Delivery of Its First Newbuild MR Tanker

TOP Ships Inc., an international owner and operator of MR tanker vessels focusing on the transportation of petroleum products, has taken delivery of the EShips Taweelah.

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KNOP Snags Tanker Couple

KNOP Snags Tanker Couple

KNOT Offshore Partners LP (KNOP) has entered into agreements to purchase from Knutsen NYK Offshore Tankers AS

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Dynagas Acquires LNG Carrier Arctic Aurora

Dynagas Acquires LNG Carrier Arctic Aurora

Dynagas LNG Partners LP (Dynagas Partners), an operator of LNG carriers

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Yuzhny Port Deepening Deemed a Shrewd Move

Yuzhny Port Deepening Deemed a Shrewd Move

Dredging work at the Yuzhny Port, Ukraine is nearing completion, and cargo owners are already analyzing its benefits. Enhancing the capabilities for working with Capesize vessels will significantly increase the flows of export, import, and transit cargoes.

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Gulftainer, Port Canaveral Seal 35-Year Terminal Deal

Gulftainer, Port Canaveral Seal 35-Year Terminal Deal

Gulftainer, a subsidiary of United Arab Emirates-based Crescent Enterprises entered a 35-year agreement with Port Canaveral on Monday to operate a container and cargo terminal being constructed at the port.

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