News

Consilium Marine Group, a worldwide supplier of marine products and customer services, and Orange Business Services, a leading global integrator of communication solutions, announces today that they have signed a high-level global cooperation agreement.

Stormy weather has reduced piracy attacks on Kenyan vessels, giving shipping lines and importers a temporary relief from the vice that is stripping them of billions of shillings each year. Attacks on vessels plying the international waters off the Gulf of Aden are expected to remain low in the next three months due to strong winds, experts say.

It was mid-afternoon one day early this year when workers at a factory in the Malaysian state of Perak finished loading more than 700,000 condoms into a shipping container. The container was then driven to Port Klang, the busiest port in the country, and loaded onto a ship bound for Japan.

The Spanish Minister for Defense, Ms. Carme Chacon Piqueras, has pledged to step up collaborations with the Seychelles government in the fight against piracy after participating in a meeting with the High Level Committee on Piracy (HLCP) earlier yesterday.

Late last year a cargo ship made maritime history. It became the first foreign bulk carrier to make a commercial trip across Russian Arctic waters.Carrying over 40,000 tonnes of iron ore, the MV Nordic Barents left Kirkenes port in Norway on 4 September.

GAC Protective Solutions, part of the GAC Logistics group, has issued a warning to mariners transiting the coast of Oman and the Southern Red Sea due to increased pirate activities in these waters.

The International Chamber of Shipping (ICS), which represents all sectors and trades and over 80% of world merchant tonnage, is calling on governments to support a crucial vote, next week, at the London-based UN International Maritime Organization

Four weeks after its launch, the Baltic Exchange’s electronic marketplace for dry freight derivatives, Baltex, is close to achieving the critical mass needed for success with 15 principals and 5 broker members now using the system.

Owners of the largest oil tankers will see their earnings almost double in the second half of the year, from the first six months, on strong Chinese demand and rising Middle East exports, a Reuters poll showed.

Smaller vessel operators could be forced out of Asia-Europe container trade lanes as the deployment of ultra-large container ships puts more pressure on freight rates

Capesize shipping contracts tied to the cost of transporting iron ore and coal rose to a nine-week high as traders speculate on a seasonal increase in cargo in the second half of the year.

Rates for oil tankers on key Asian freight routes are expected to weaken this week on softening freight demand following the release of IEA's emergency oil stocks, shipbrokers said.

The A.P. Moller - Maersk Group has joined the World Ocean Council to support global leadership and collaboration on ocean sustainability. Through its signatory to the World Ocean Council,

Nippon Yusen Kabushiki Kaisha and Tsuneishi Shipbuilding Co. Ltd. have jointly developed a new energy-saving technology called the MT-COWL, which reduces

Somali pirates have been using Yemen's remote Horn of Africa island of Socotra as a refueling hub enabling their attack craft to stay restocked for longer periods at sea

Following the launch of the all-new SAILOR 6110 mini-C as part of the sophisticated SAILOR 6000 GMDSS Series at SMM 2010, Thrane & Thrane has completed development

Filipino seafarers are not threatened by a looming employment ban by the European Union against them for not complying with certain maritime standards, the Labor chief said.

India-based GMR Infrastructure's subsidiary GMR Energy is in discussions with IDFC to secure INR3.7bn ($83.25m) in debt to achieve financial closure for two transmission projects in the state of Rajasthan, India.

Geronimo Wind Energy has signed a long-term renewable energy purchase agreement with Xcel Energy to buy 200MW of wind energy from its Prairie Rose Wind Farm in the US.

On July 6, NYK Line and Tokyo LNG Tanker Co. Ltd., a wholly owned subsidiary of Tokyo Gas Co. Ltd., held a naming ceremony for a jointly owned LNG carrier being built at the Sakaide Shipyard of the Kawasaki Shipbuilding Corporation. At the ceremony, Tsuyoshi Okamoto, the president of Tokyo Gas Co. Ltd., named the vessel Energy Horizon, and his wife cut the guy rope. Yasumi Kudo, the president of NYK, was also in attendance.