News

A team from the Research Department of leading international classification society Bureau Veritas has won the prestigious 2013 CEMT Award in recognition of their research in the field of hydrodynamics.

For Q4 2013, EMS Seven Seas ASA reported total revenues of USD 106.1 million, an increase from USD 97.3 million in Q3 2013, but a year-on-year decrease compared to USD 117.7 million in Q4 2012.

Jaya Holdings Limited (Jaya) has agreed to sell the entire issued and paid up share capital of all its subsidiaries (the sale companies) to Mermaid Marine Australia Limited for aggregate cash consideration of approx $495 million.

Dorian LPG Ltd. has declared its options to construct three additional VLGCs at Hyundai Heavy Industries Co., Ltd. (HHI) in South Korea.

Ecuador's average oil output rose 4% to 526,000 barrels a day last year, from 504,000 barrels a day the same period a year before, the central bank said.

African nations are grappling with old and new challenges in oil products supply ranging from price subsidies, import and distribution logistics,

Asian spot liquefied natural gas (LNG) prices hovered near record highs this week amid continued tight supply and a cold spell in the world's biggest importer, Japan.

Former president A P J Abdul Kalam said the country needs to urgently focus on ship- building industry to fuel the economy.

The Port of Vancouver USA welcomed the M/V Alam Sinar commanded by Capt. Arturo A. Lobigas of the Philippines

COSCO Group and China Shipping signed a Strategic Cooperation Framework Agreement in Ocean Plaza

Concordia Maritime has signed an agreement with Shell Tankers Singapore Private Ltd (Shell) covering the employment of the P-MAX tankers Stena Penguin and Stena Progress.

Abu Dhabi Ports Company (ADPC) has invested more than AED 27 millon (approx. USD 7.4 million) in the Al Gharbia region of Abu Dhabi over the last year.

Great Lakes Dredge & Dock Corporation announced the receipt of ‘Option B’ for the Miami Harbor Deepening Project.

MONTHLY LIST OF VESSELS BEACHED AT THE INDIAN DEMOLITION YARDS

GDF SUEZ, together with its project partner Marubeni has chartered a Floating Storage and Regasification Unit (FSRU) which will be the world’s largest upon commissioning. It will be used for the LNG import terminal project, GNL del Plata in Uruguay.

Euronav NV has reported that debt financing of the Maersk VLCC fleet acquisition is completed.

China Merchants Energy Shipping (CMES), a subsidiary of China Merchants Group, has exercised options to construct additional four ultramaxes at Chengxi Shipyard, the company announced in a Shanghai Stock Exchange filing.

IHC Merwede has secured orders worth € 350 million (approx. USD 473.2 million) for a wide range of dredging and offshore vessels and equipment.

MONTHLY LIST OF VESSELS BEACHED AT THE INDIAN SHIP BREAKING YARDS

S E A S U R E S H I P P I N G L O N D O N - Demolition Report