News

An unusual kind of ship is taking shape in the STX Finland shipyard in Turku, Finland. The Aura ll, due for delivery in spring 2012 for multipurpose operations in the Baltic Sea

The combined congestion of the dry bulk fleet at Australian, Brazilian, Indian and Chinese ports has risen during the last three weeks to exceed 57Mdwt. This is the highest level we have seen since January and is equivalent to over 10.50% of the entire dry bulk fleet,

The Council of the International Maritime Organization (IMO) has unanimously endorsed the decision of a Panel of Judges that the 2011 IMO Award for Exceptional Bravery

BP Plc will load a supertanker tomorrow bound for Singapore in the first fuel-oil shipment this month from Europe to Asia’s biggest oil-trading and storage center, shipping fixtures

An international group for seafarers’ concerns said the total costs of seafarer piracy in 2010 range from $7 to $12 billion.The One Earth Future Foundation’s (OEF)

By using OCIMF/Intertanko’s Virtual Arrival scheme, tanker owners and operators could save up to 25% emissions per year, BP Shipping said.At a launch last week in Brussels,

Transas Marine has been chosen by Telaccount Overseas Ltd. as a partner for ECDIS retrofit program for Bernard Schulte Shipmanagement (BSM). BSM is a global leader

THE Isle of Man recently launched a custom-made ship superintendent training course for the China LNG Shipping (International) Company Limited based in the Shenzen Province of China.

The Russian government may raise some $1 billion from the sale of 25 percent minus one share of the country's largest shipping company Sovcomflot, a source familiar

Somali pirates aren't content just floating around in their fishing boats, looking for victims. These days, pirates off the Horn of Africa are turning to a sophisticated mix of weaponry, jury-rigged GPS devices and ingenious hacks of shipping-industry databases to hunt down prey. The resulting technology isn't just fascinating — it also has a real impact on foreign millitaries who are fighting piracy.

Wallenius Wilhelmsen Logistics (WWL) has added two senior officers to its global executive management team.Christopher J. Connor has been named chief commercial

MONTHLY LIST OF VESSELS BEACHED AT THE INDIAN SHIP DEMOLITION YARDS:

The Shaw Group has secured an engineering, procurement and construction contract from Entergy Louisiana for the construction of a dual-fuel 550MW combined-cycle gas turbine (CCGT) plant in Louisiana, US.

Canada-based Teekay has signed a memorandum of understanding (MoU) with Denmark's A2SEA to design a vessel for the installation of offshore wind foundations.

AC Energy Holdings, an affiliate of Ayala, has formed a joint venture with Trans-Asia Oil and Energy Development to build and operate a 135MW thermal power plant in Batangas, the Philippines.

In a vast hanger in a north German Fassmer shipyard, environmental pressure group Greenpeace’s latest weapon is nearing completion: the state-of-the-art Rainbow Warrior III. “The Rainbow Warrior III is much more than a flagship,” the group’s spokesman

Xiangyu Dredging Holdings Limited, the largest privately owned dredging company in China in terms of dredging volume in 2010, announced that on 29 June 2011, a wholly-owned subsidiary of the Company entered into a dredging contract with a port construction engineering company in the PRC to provide dredging services in Tianjin Port in the PRC for an aggregate revenue expected to be approximately RMB169.8 million (equivalent to about HK$198.7 million).

Keppel FELS Limited’s (“Keppel FELS”) repeat customer, Asia Offshore Drilling Limited (“AOD”) has exercised its first of two options to build a KFELS B Class jackup rig worth US$184 million.

South Korea’s Hyundai Samho Heavy Industries said it had received an order to build two liquefied natural gas (LNG) carriers worth $400 million in total from Greece’s Maran Gas.

Four years since the 2007 Credit Crisis and three since financial easing, the world economy’s comfortable phoney war is starting to feel like a real conflict. Greece is struggling to avoid default, the UK has national strikes and high street closures, US house prices are falling and, despite signs of recovery, Japan’s industrial recovery has a hard road ahead.