News

On July 5, 2011, A.Zagorovsky, SDAG CEO, and N.Reshetov, Director-General of the Russian Maritime Register of Shipping (RS) had a meeting where they agreed on extending their cooperation aimed at increasing the involvement of Russian companies in Phase I of Shtokman gas and condensate field development project. This agreement is stipulated in the frame cooperation agreement recently signed by SDAG and RS.

Teekay Corporation (Teekay) announced that its Board of Directors has declared a cash dividend on its common stock of $0.31625 per share, payable on July 29, 2011

The fleet of Azov-Don Shipping Group has carried for the past six months of this year 2,510,000 tons of cargo, up 6% over the same period last year, the shipping company said.

Climate change in the Arctic is not likely to spark an immediate boom in oil and gas exploration, according to a new study published in the journal Atmospheric Chemistry and Physics.

Iran is ready if threatened to close the Strait of Hormuz to ships linking the Gulf to international markets, Revolutionary Guards commander General Mohammad Ali Jafari told Mehr news agency.

Pirates may or may not have stepped on the shores of Newcastle at some point in the distant past, but they will be out in force at the Newcastle Maritime Centre these school holidays. So much of the history of Newcastle, and indeed the Hunter itself, revolves around the Hunter River.

The container industry is in dire need of a correction on the supply side and even the realisation of a decent peak season demand surge this summer will not provide enough momentum to lift severely eroded freight rates in the key east-west trades.Container operators

Wilhelmsen Ships Service has opened eight new liferaft servicing stations since January. These stations are a vital component of the LRE offer, providing ready-serviced liferafts to vessels that have signed up to the scheme.

Brazilian mining giant Vale will have China and South Korea build its new giant bulk carriers as domestic Brazilian shipyards do not have capacity to take the order, Vale chief financial officer said on Tuesday.

Africa is one of the few regions of the world where there is genuine expectation of large scale heavy lift growth in the next decade, claims global shipping forwarder and agent Tuscor Lloyds.

Somali gangs are taking piracy to an industrial scales and the number of seafarers killed due to piracy has escalated in the past four years with 62 merchant sailors losing their lives through torture, execution, suicide and malnutrition, campaigners said.Somali gangs, who are making millions of dollars in ransoms, are becoming increasingly violent,

CMA CGM Group is pleased to announce the launch of a new service connecting Asia, Fiji Islands and New Zealand, effective July 18th, 2011.Named ANZEX, this new weekly service will deploy 7 ships of 1 800 TEU and will allow the Group to provide its customers with the below assets:

One of the architects of the International Bunker Industry Association’s (IBIA) Asian expansion, Singapore based Chong Kam Wah, has retired after six years as its regional manager. He had been overseeing the transition to the recently appointed regional manager Kwok Fook Sing, but will now no longer be involved in the day to day running of the association’s Singapore branch. He remains a non-executive director of the board of IBIA (Asia).

UK-based Martek Marine has significantly expanded the geographic coverage of its Navgard Bridge Navigational Watch Alarm system (BNWAS) installer network, following two day-long training sessions.

Supply chain services company APL Logistics, a unit of Neptune Orient Lines, said it has appointed two agencies to expand its presence in the Middle East. Iraq Transcontinental Shipping and Kuwait Transcontinental Shipping will enable customers of APL to utilise its full suite of services, via three locations -- Basrah in Baghdad

Stakeholders in Nigeria’s maritime sector have said that the huge potential and profit in the maritime industry will continue to elude the country, if urgent measures are not taken to rescue her maritime sector.

The Baltic Exchange's main sea freight index , which tracks rates to ship dry commodities, rose on Tuesday as firmer iron ore and coal buying in Asia boosted cargo deals done.

Avista has agreed to purchase power from First Wind's proposed Palouse Wind project in Washington, US.

The Public Utility Commission of Texas (PUCT) has selected Electric Transmission Texas (ETT) for the development of competitive renewable energy zone (CREZ) projects worth $1.4bn in west Texas, US.

Yingli Green Energy Holding has signed supply agreements with Huanghe Hydropower Development to supply a total of 110MW PV modules in China.