The Shipping Corporation of India (SCI) has emerged as the successful bidder for transportation of 9 million tonne crude oil for Indian Oil Corporation (IOC). The two companies were negotiating the rates after SCI quoted 12 points above the Baltic Index for TD 3 route though IOC wanted the rate to b
In this part of the world, piracy is a real and deadly peril. The Straits of Malacca is a maritime choke point for ships going from the Indian Ocean to the Pacific. Asian defense experts examined the problem here today at the Asia Security Conference, known as the Shangri-La Dialogue, hosted by the
MARITIME and Ports Authority of Fiji wants Fiji Ports Corporation Limited to oversee the development of seaports in the country. MPAF chairman Isimeli Bose said this would ensure the islands benefited fully from the Port Industry modernisation and globalisation. He said as a maritime country, Fiji s
The Queen and other senior members of the Royal Family will pay tribute to the UK’s seafarers during a theme-day series of engagements featuring the maritime community. The July 20 royal maritime day will see the Queen in Dover before hosting an evening reception at St James’s Palace for 500 guests
Northrop Grumman Newport News has promoted Victoria A. Stroud to director of contracts and pricing. Stroud is responsible for departmental administration and budgets, training, policies and procedures, and contract closeouts. She’ll also serve as a primary liaison to Northrop Grumman corporate offic
The Asia-U.S. route is the world’s biggest shipping route, and it’s becoming pricier by the minute. As shipping lines negotiated contracts in April, observers expected sharp increases. Members of the Transpacific Stabilization Agreement, or TSA, a 13-line consortium, were advised to boost rates by $
Pirates have kidnapped a Thai captain and crewman from a tanker in the busy Malacca Strait. The head of the Piracy Reporting Centre of the London-based International Maritime Bureau, Noel Choong, says the pirates have already demanded a ransom. Mr Choong says the band of between five and eight pirat
Aaron Hendry was honored with the James McKay Lifetime Achievement Award for his business and community service in the Tampa Bay area. Hendry is president and owner of Hendry Corp. and Gulf Marine Repair Corp. He also is a partner and owner of Tampa Bay Shipbuilding and Repair, which employs 500.
South Korean and Japanese coast guards Thursday ended their 30-hour maritime standoff over a South Korean fishing boat that briefly crossed into Japanese territorial waters the previous day. After marathon negotiations over the control of the fishing boat, the “Shinpung-ho,
he Ericsson Racing Team has today named Richard Mason as crew (Trimmer / Helm) of Ericsson’s entry in the Volvo Ocean Race 2005-06. Mason, aged 30, is no stranger to the Volvo Ocean Race, competing as trimmer on the boat that finished second in the 2001-02 event. Born in Sydney, Australia, and raise
The Singapore and US navies are set to take Exercise CARAT to another level by widening its scope and complexity. The Singapore Navy has introduced a new satellite command and control system to allow fleets at sea to share essential information. Another highlight of Exercise CARAT 2005 is the firing
Will technological advances, fuel costs and environmental concerns bring back commercial sailing for cargo ships? Shipping firm Wallenius Wilhelmsen has designed a high-tech
Steve Bracks has vowed to continue spruiking to find work for the Williamstown shipyard after Victoria lost the $6 billion air warfare destroyer contract to South Australia. Mr Bracks said the shipyard would remain and not be handed over for residential development. “There is exactly zero chance of
Since leaving Rio de Janeiro on 17 May, the VO70 movistar has sailed nearly 3,200 miles north through the Atlantic Ocean, crossing the legendary zero latitude, the Equator. “This has been one of the most hysterical moments of the journey, especially for the rest of the crew,” says Iker Mart
