News

What Panamanian citizens may not realize is that when they approved the Panama Canal Extension project in 2007, it sent a shockwave through every seaport in the United States, particularly those on the East Coast that were designed specifically to adhere to

Maersk Drilling has signed a contract under which Petronas Carigali will be provided with the 375 ft HPHT (high pressure high temperature) jack-up rig MAERSK CONVINCER for work offshore Malaysia. The firm contract duration is one year and the contract also includes two one-year options.

DNV has been granted extended authorisation by the Swedish Transport Agency to act as a Recognised Organisation providing statutory survey services to Swedish-flagged vessels engaged in international trade. Effective from 1 September 2011

The Shipping Corporation of India Ltd. (SCI) accepted delivery of a Supramax Bulk carrier, m.v. Vishva Nidhi on 9th September, 2011.

The naming and launch ceremony for the 12,000m³ trailing suction hopper dredger, CHANG JIANG KOU 01, took place on 10 September 2011 at the IHC Merwede shipyard in Kinderdijk, The Netherlands. IHC Merwede is building

Rickmers-Linie, the German liner specialist for project cargoes and heavy lifts in existence for over 175 years, is upgrading its Indian service with the addition of new vessels.

Iran’s third home-made oceangoing ship named ‘Iran Kashan’ launched in the southern waters of the country on Sunday, deputy director of Iran Shipbuilding and Offshore Industries Complex Company(ISOICO) for executive affairs said on Sunday.

Huntington Ingalls Industries, Inc. announced that its Ingalls Shipbuilding division has received a $482.8 million fixed-price-incentive-firm contract from the U.S. Coast Guard for the construction of a fifth National Security Cutter.

The cost of hiring liquefied natural gas carriers on year-long charters exceeded $100,000 a day for the first time since 2006 as a shortage of vessels drove up the cost of transporting the fuel, shipbroker Fearnleys AS said.

The NYK Group conducts accident-response training exercises regularly and, to prepare for unforeseeable circumstances, the group cooperates with anti-terrorism and anti-piracy training exercises conducted in various countries to enhance the crisis-response

The long, narrow island port that boasts an outsized role as a key economic engine for Greater Miami is about to get a major upgrade. Odebrecht Construction Inc., a U.S. subsidiary of the giant Brazilian conglomerate, Odebrecht S.A., is

Samsung Heavy Industries has successfully developed the industry’s first membrane-type cargo hold for LNG tankers. With this, the company has finally tackled the last unsolved development initiative for the Korean shipbuilding industry,

STX Finland Oy and Eide Marine Semi AS, a subsidiary of Eide Marine Services A/S, have signed a contract for the outfitting, completion and delivery of two highly sophisticated well intervention vessels with an aggregate contract value exceeding EUR 300 million.

The construction of 15 new river-sea tankers under RST27 project (capacity – up to 6.9 thousand of tons) was launched at the Krasnoe Sormovo plant (Nizhniy Novgorod, Russia). The customer of new vessels is Volgo-Balt-Tanker, LLC,

A surplus of available tankers for shipping gasoline to the U.S. from northwestern Europe expanded for the third straight week, as demand for the auto fuel collapsed, a survey showed.

The government has envisaged an investment of more than Rs 22,000 crore for setting up nine new major ports in the country over the next five years.

Development of Shipping and Ports Facilities will play significant role in supporting growth of ocean energy industry

The Indian Ministry of Shipping unveiled plans to triple its exports of merchandise by March 2017.

Pulling up state-run Shipping Corporation of India for not pursuing an ambitious acquisition policy to augment fleet, accounting watchdog CAG today said it has not only resulted in Rs 2,100 crore cost overrun, but also adversely impacted its business growth.

Indian shipping companies, reeling under low freight rates and high fuel prices, will face further cost pressure due to new emission norms set by International Maritime Organisation (IMO).