A U.S. presidential order that may criminalize ransom payments to pirates in Somalia is “unhelpful,” according to groups representing most of the world’s shipowners. “The U.S. does not appreciate the potentially life- threatening impact of the order on the lives of over 250 seafarers currently being
Difficult operating environment for the global shipping industry, coupled with higher operational costs dragged down Shipping Corporation of India’s (SCI), the country’s largest shipping firm, operating profit margin by 70 basis points y-oy to 17% in the March 10 quarter. The company grappled with h
The Prime Minister of East Timor, Xanana Gusmao, has vowed to make a historic stand against corporate giants that plunder the resources… [mappress] Source: smh, May 31, 2010;Shell
Iranian tanker giant NITC has ordered a landmark series of six LNG ships in China. Just like a decade ago when NITC ordered the first ever VLCCs for export from China, this deal, revealed over the weekend, is the first time an overseas firm has signed for gas ships in the People’s Republic.
Trade Arabia reported that Bahrain General Organization of Sea Ports total net profit for 2009 surged to BHD 6.6 million registering 33% increase over the previous year. Announcing the results at the GOP’s 20th board of directors meeting, Mr Shaikh Daij bin Salman Al Khalifa chairman of GOP said tha
The Copenhagen based shipping company, Clipper, came out of 2009 with a deficit of 600 million Danish kroner, not least caused by the unfortunate investment in the Samsoe ferry Kanhave, owned by the ferry company Nordic Ferry Service. “We ended up losing a lot of money on the ferry, which had a impa
New Zealand-based fishing company Sanford has welcomed shipping line Maersk’s decision to stop shipping illegal, unregulated and unreported (IUU) fish on its container shipping vessels worldwide, however it described the situation as “bizarre”, and questioned how Maersk would make such determination
The Yachts of Seabourn took delivery of Seabourn Sojourn today at the T. Mariotti shipyard in Genoa, Italy. Sojourn represents the company’s fifth yacht and the second of three 450-guest vessels being added to Seabourn’s fleet of intimate yachts. The line has won numerous awards and consistent accla
Aker Solutions has been awarded two contracts worth USD 180 million with Daewoo. The scope of work for Aker Solutions is to deliver complete drilling equipment packages consisting of equipment deliveries and commissioning services.
The 150.000 DWT Norwegian flagged crude oil tanker Wilmina, built 1997, has been banned from all US ports for three years. After a tip from a crew member, the US Coast Guard found evidence of illegal oil discharges on board, a forged oil record book, oily water separators not working, oil residue in
Dredging has begun in two Cape Coral canals to make the waterways more navigable to boaters. The dredging is part of a continuous effort to keep the city’s more than 400 miles of canals free from silt and debris, said Jay Saxena, Storm Water Division manager. The dredging began last week in the Mara
Kairiki Energy Limited announced that Nido Petroleum Limited , as Operator of Service Contract 54A (SC 54A), advise that first oil flowed to surface at 11:00am (Manila time) on 30 May 2010 from the Tindalo-1 well. This follows the conclusion of well completion operations on the Tindalo-1 oil well ea
An opportunity has arisen, according to Kittery Port Authority Chairman Jon Carson, that would allow for tens of thousands of cubic yards of… [mappress] Source: seacoastonline, May 31, 2010;
The first Inland Container River Terminal being built at an estimated cost of Taka 177 crore is likely to open early next year in the… [mappress] Source: nation, May 31, 2010;
