News

The maritime and offshore industry should look to investing in innovations and finding ways to optimize efficiencies,

Tsakos Energy Navigation Limited (TEN) achieved net income of USD 158.2 million in 2015, a nearly fivefold increase from the USD 33.5 million achieved in 2014, the company said.

South Korea’s shipbuilding giant Hyundai Heavy Industries (HHI) has been hit by another hurdle as it faces KRW 120 billion (USD 100.5 million) in taxes, Yonhap news agency informed.

Dutch heavy-lift specialist RollDock Shipping B.V., part of the Roll Group, confirmed the purchase of the MV RollDock Sky.

Western Bulk Chartering (WBC) will not be drawn into the potentially messy liquidation process of Bulk Invest, its ceo told Splash today.

US Coast Guard (USCG) closed a section of the Mississippi River near to Granite City, Illinois, for several hours while it cleaned up a potential 20,000-gallon fuel spill from a vessel, according to the Associated Press.

Swire Shipping, a Singapore-based liner trade division of The China Navigation Company (CNCo), has upgraded its multipurpose liner service coverage in the Asia Pacific region.

The Australian Government has failed in its responsibility to investigate the effects of the country’s worst-ever oil spill from an oil rig,

MONTHLY LIST OF VESSELS BEACHED AT THE INDIAN DEMOLITION YARDS

The captain of the Costa Concordia, Francesco Schettino, who was accused of abandoning thousands of passengers when the cruise ship capsized is about to publish a book.

Government-owned King Abdullah City for Atomic and Renewable Energy (KACARE) has signed the agreement, which is expected to strengthen ties between the two nations, both economically and technically.

Chinese shipyards recorded a 77.4% slide in new orders year-on-year in the first five months of 2015, the China Association of the National Shipbuilding Industry (CANSI) said.

Norwegian shipping and tank terminal company Odfjell has inked a deal to sell the three remaining vessels within its trade in the European short sea market.

Japan has set aside a JPY 3.4 billion (USD 28.3 million) grant-in-aid to improve safety at the only commercial port on the Pacific island state of Samoa & Apia Port.

An Italian-flagged merchant vessel MV Roberto Rizzo received much needed help from an Italian navy ship ITS Libeccio after it became adrift 55 nautical miles off the coast of Somalia, on Thursday, 18 June.

The plans of the Victoria’s government to sell port of Melbourne are facing opposition from the Liberal-National coalition.

MONTHLY LIST OF VESSELS BEACHED AT THE INDIAN DEMOLITION YARDS

The Iranian cargo ship carrying aid to Yemen Iran Shahed has arrived in Djibouti, the Associated Press reported citing a US official.

Japan’s Nippon Foundation plans to set up a special endowment fund worth USD 100 million to support Swedish World Maritime University

Indonesian state-owned terminal operator PT Pelabuhan Indonesia III (Pelindo III) inaugurated the Lamong Bay Terminal in Surabaya, East Java, today.