• Polarcus shares to trade ex-reverse split from tomorrow

    Nov 26, 2015 | 09:18 am

    Oslo-listed Polarcus Limited has turned around its reverse stock split in double-quick timing, and its shares will begin trading on a ex-reverse split basis from Friday. The owner of seismic research vessels currently has a market capitalisation of NOK 167.45m at its current share price of NOK 0.25. The minimum market cap of companies listed […]

  • Aurora LPG contemplates bond issue

    Nov 26, 2015 | 08:46 am

    Oslo-listed Aurora LPG says it is considering the issue of up to NOK 200m (m) in new senior unsecured bonds in the Norwegian bond market. The shipowner today said the proceeds from the issue would be used for general corporate purposes. SpareBank 1 Markets has been appointed as sole manager for the bond issue. In […]

  • Prosafe may defer delivery of new accommodation vessel

    Nov 26, 2015 | 08:09 am

    Prosafe and Singapore-based Jurong Shipyard have agreed to a flexible delivery of Prosafe’s latest accommodation vessel , which the client said is “to align with Prosafe’s contract portfolio”. According to Prosafe’s website, the vessel was scheduled to be “ready for North Sea operations in 2015″, but the Oslo-listed company today hinted in an exchange filing […]

  • Nakilat Damen Shipyards Qatar JV is 5

    Nov 26, 2015 | 06:32 am

    On 23 November 2015, Nakilat Damen Shipyards Qatar celebrated its first 5 years of operation. With 40 vessels delivered or under construction, the yard has proven

  • Deltamarin to Designs First LNG Handysize Bulk Carriers

    Nov 26, 2015 | 06:29 am

    Deltamarin Ltd proudly announces that it has signed a contract to design the world’s first LNG handysize bulk carriers, which will point the way towards greener shipping of commodities.

  • Wärtsilä's' Digital Services for Performance Enhancement

    Nov 26, 2015 | 06:25 am

    Wärtsilä, a global leader in complete lifecycle solutions for the marine and energy markets, launches a new service portfolio, Wärtsilä Genius services to help

  • Rickmers-Linie Completes Recertification

    Nov 26, 2015 | 06:22 am

    Rickmers-Linie, the Hamburg-based specialist in worldwide liner services for heavy lifts and project cargoes, has successfully completed audits by DNV GL which took place between 3 and 5 November.

  • Sandra Could Reach Hurricane Strength

    Nov 26, 2015 | 06:20 am

    Interests in southern portions of the Baja California peninsula have been advised to monitor the progress of Sandra, as Tropical Storm or Hurricane Watches may

  • Seagull's Software Tool for Benchmarking Seafarers Knowledge

    Nov 26, 2015 | 06:17 am

    Seagull Maritime has launched an advanced software tool able to benchmark seafarer knowledge levels, allowing shipowners and operators to compare their crew

  • India launches indirect tax breaks for shipbuilding

    Nov 26, 2015 | 05:57 am

    India’s shipbuilding industry will receive indirect tax cuts from the government, which will also extend to vessels bound for export. The country’s finance ministry has announced it will exempt all raw materials used in manufacturing vessels from customs and all central excise duties, which it is hoped will boost India’s shipbuilding industry. Previously, these benefits […]

  • Titan takes on the contradictions

    Nov 26, 2015 | 04:58 am

    The Port of London Authority had a conundrum: they needed a vessel with a big pull yet shallow depth, packing heavy lift equipment while subject to air draft restrictions, capable of meeting fast running tides but still efficient enough for general use.

  • GMP Marine: Cloud help for PMSCs

    Nov 26, 2015 | 04:12 am

    Sedgefield: UK firm GMP Marine specialises in producing secure cloud based administration systems to control the activities of private marine security companies (PMSCs). Functionality is based on the integration of client information, service menu management, military operatives, operational admin teams and weapons/equipment to share information with only those that are authorised. “The complexities of armed […]

  • ESL Shipping orders world’s first large LNG-fuelled bulkers

    Nov 26, 2015 | 03:24 am

    A Finnish dry bulk player is diversifying to try and survive amid the record lows the sector is suffering. ESL Shipping and the steel company SSAB have signed a long-term frame agreement covering SSAB’s inbound raw material sea transport within the Baltic Sea and from the North Sea amounting to 6m to 7m tons a […]

  • Shina SB bankrupt, assets to be sold

    Nov 26, 2015 | 03:18 am

    Korean yard ShinaSB, long on life support, has finally filed for bankruptcy. The shipbuilder has been under court receivership since April 2014. It has since tried to seek buyers, failing on three separate occasions. A local court will now select a bankruptcy trustee and then proceed to liquidation proceedings for the company. The bankruptcy trustee […]

  • ‘Shipping is the most environmentally friendly transport mode’: CMA CGM

    Nov 26, 2015 | 02:44 am

    With less than a week to go before the crucial UN talks on climate change take place in its home country, France’s CMA CGM has come out with a release highlighting both its green credentials and the industry’s as a whole. The containerline claims it has reduced CO2 emissions from its owned fleet by 50% […]

  • CMA CGM Slashes Fleet CO2 Emissions by 50%

    Nov 26, 2015 | 02:32 am

    CMA CGM, a leading worldwide shipping Group, is pleased to announce a 50% improvement in its CO2 performance for its owned fleet. Thanks to an efficient environmental

  • Maersk to Idle Vessel

    Nov 26, 2015 | 02:31 am

    The world's biggest container-ship operator Maersk Line  has confirmed market talk that it has temporarily idled one of its largest vessels - yet another sign that the industry is in dire straits,

  • Australia’s senate rejects cabotage changes

    Nov 26, 2015 | 01:32 am

    Australia will not be changing its cabotage laws after all in an embarrassing set back for the government. The federal senate today rejected proposed shipping legislation that would allow foreign-flagged vessels more access to Australian ports. The amendments would have renamed the Coastal Trading (Revitalising Australian Shipping) Act 2012 to the Coastal Trading Act 2015 […]

  • 24 hours in a liferaft

    Nov 25, 2015 | 11:28 am

    Twelve brave volunteers from Maersk Training in Newcastle, UK took part in a gruellingly physical and mental challenge by spending 24 hours at sea in a small life raft.

  • Vesper releases new AIS transponder

    Nov 25, 2015 | 10:49 am

    New Zealand-based manufacturing company, Vesper Marine, has released a new Class B AIS, the XB-6000.

  • Alaska buys out TransCanada’s share of LNG project

    Nov 25, 2015 | 08:31 am

    The US state of Alaska has made a .6m deal to buy out TransCanada’s stake in the Alaska LNG project which would transport natural gas by pipeline to a coastal liquefied natural gas (LNG) conversion and export plant at Nikiski. The shipment of LNG by sea is expected to be a boom business in coming […]

  • Jotron equips survival expedition

    Nov 25, 2015 | 07:33 am

    Norwegian communications expert, Jotron AS, has equipped the two balsa rafts taking part in the Kon-Tiki2 survival and science expedition.

  • Tender tracker from Furuno

    Nov 25, 2015 | 06:43 am

    Carnival Cruise Line is installing a tender tracker developed by Japanese marine electronics giant Furuno on several of its cruise ships. Tender trackers are not new but this new Furuno developed system takes tracking one stage further by incorporating a degree of control, communication and monitoring that goes way beyond what normal trackers can offer.

  • Danelec approval

    Nov 25, 2015 | 06:33 am

    Denmark-headquartered marine electronics company Danelec Marine has announced that classification society DNV GL has awarded a type approval certificate with EU Wheelmark designation for the new DM800 ECDIS G2 series Electronic Chart Display and Information System (ECDIS).

  • Barcelona refurbishment

    Nov 25, 2015 | 06:21 am

    Almarin, a Spanish manufacturer of Marine Aids to Navigation, has carried out the design, supply and installation of three lantern rooms with their respective domes for the Port of Barcelona, Spain.

  • Singapore extends competition exemptions for liner shipping agreements

    Nov 25, 2015 | 04:58 am

    Singapore’s Ministry of Trade and Industry (MTI) is to extend the block exemption order (BEO) for liner shipping agreements (LSAs) for another five years until December 31, 2020. The BEO exempts liner shipping agreements from the prohibition against anti-competitive agreements included in Singapore’s Competition Act, provided certain conditions and obligations are fulfilled. The exemptions include […]

  • MMC moves for Northport

    Nov 25, 2015 | 02:38 am

    MMC Corp, the operators of two key ports in Malaysia, has moved to takeover another one. MMC is increasing its stake in NCB Holdings, following overwhelming shareholder approval today, with a view to taking over the company which controls Northport in Port Klang. MMC already operates Johor Port and the Port of Tanjung Pelepas. The […]

  • Crane collapses at Vietnamese port

    Nov 25, 2015 | 02:15 am

    Emergency teams have been working throughout the day to free workers who were trapped when a port crane collapsed late last night at Tan Thuan Port in Ho Chi Minh City. The number of fatalities and injured people remains unknown. The crane collapsed at 23.30 hrs last night while offloading cargo from a Vietnam Ocean […]

  • Poles accused of bribery in escalating Port of Tallinn scandal

    Nov 25, 2015 | 00:22 am

    Estonian authorities are investigating a bribery scandal linking Polish shipbuilders with the Port of Tallinn. The Estonian Prosecutor General’s Office has filed allegationss against two managers of a Polish shipbuilding company as part of a corruption investigation relating to the state owned company Port of Tallinn. “Two people in management positions with the Polish shipbuilding […]

  • High-tech lightweight load lugger

    Nov 24, 2015 | 11:56 am

    A Sloveian company, Hovercraft, has developed type of inflatable boat that could provide a new concept for transporting contractors' equipment and for flood rescue. The use of inflatable panels in the construction of the Ferryboat makes the structure extremely light and portable yet in its inflated form is can transport vehicles and small construction items such as tractors and excavators.

  • Multiple steerable propeller contract

    Nov 24, 2015 | 11:39 am

    Rolls-Royce has signed a contract for the delivery of 12 azimuth thrusters to Sanmar Shipyard in Turkey, with an option for an additional 30 units.

  • Polar research ship contract for Cammell Laird

    Nov 24, 2015 | 10:31 am

    British shipyard Cammell Laird has won a contract to build a new £200m polar research ship.

  • Bomb scare at Limassol port

    Nov 24, 2015 | 02:53 am

    Police combed through Limassol port yesterday after a bomb threat was made in the morning. No explosive device was found and operations quickly resumed as normal. A phone call was made at about 09.30 hrs to transport police by someone who spoke broken English, police said. The call comes at a time when police and […]

  • Strikes to stall container terminals at Rotterdam Port

    Nov 24, 2015 | 02:38 am

    Strikes will be held at three major container terminals at the port of Rotterdam, after the FNV Havens union voted to hold a series of walkouts in protest to possible redundancies. The Europe Container Terminals (ECT), APM Terminals (AMPT) and Rotterdam World Gateway (RWG) facilities will see a series of 24-hour strikes for three days in […]

  • Pelindo II outlines port development plans for 2016

    Nov 24, 2015 | 01:20 am

    State port operator PT Pelabuhan Indonesia (Pelindo II) will build two new ports next year and upgrade Cirebon Port in West Java. The new ports will be in Sorong, West Papua, and in Kijing, West Kalimantan. Pelindo II currently manages 12 ports in 10 provinces. Kijing will be a 1m teu boxport plus it will […]


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