India Gives Boost to Coastal Shipping

Union Minister Mr. Shri Nitin Gadkari at the Cochin shipyard. File photo: Bharatiya Janata Party

  The Government of India has revealed new plans to boost its coastal shipping and cruise tourism industries in an effort to spark develop in its coastal regions. The new scheme was unveiled during the 16th meeting of the the Maritime States Development Council held Monday and hosted by the Union Minister of Shipping, Road Transport and Highways, Mr. Shri Nitin … [Read more...]

Cargo Ship ‘Bermuda Islander’ Runs Aground in Delaware River

Bermuda Island file photo (c) MarineTraffic.com/

  Salvage efforts were underway Tuesday for a 324-foot cargo ship aground on the Delaware River. The Netherlands-flagged MV Bermuda Islander lost power and propulsion Monday at approximately 9 p.m. before running aground near Salem, New Jersey. No injuries or pollution have been reported. There were 12 people aboard the ship when it ran aground. The U.S. Coast … [Read more...]

Middle East Brings Solace to Oil Services Companies

GMS Endurance. Photo: Gulf Marine Services

  By Angelina Rascouet and Manisha Jha (Bloomberg) -- Demand for oil services is rising in the Middle East even as the rout in crude prices forces major producers to shelve costly projects elsewhere in the world. Demand from the region is “better than ever” on increasing production by clients, Duncan Anderson, chief executive officer at Abu Dhabi-based Gulf Marine … [Read more...]

Panama Canal Authority Says New Locks Timeline Not Impacted by Crack

Water seeps through concrete in one of the chambers of the Cocoli Locks in the Panama Canal.

  The Panama Canal Authority (ACP) said Monday that a crack that has formed in one of the new locks making up the expanded Panama Canal should not impact the 'Third Set of Locks' project completion timeline, but the scope of the repairs needed to fix issue has not been revealed. The crack formed in what is known as the sill in one of the chambers of the new … [Read more...]

Ship Photos of the Day – World’s Largest Car Carrier Makes Maiden Call in Rotterdam

11885145_1148442765172917_2765792023460175868_n

Delivered in June, Höegh Target is the world's largest Pure Car and Truck Carrier (PCTC) vessel with a carrying capacity of 8,500 car equivalent units. Here is the vessel making its maiden call in Rotterdam on August 21. The photos show the Höegh Target as it passes the Caland Bridge and in the Brittaniëhaven under tow by KOTUG International's hybrid Rotortugs RT … [Read more...]

Shipping Magnate John Fredriksen ‘Very Worried’ About China

Photo: Shutterstock/Nightman1965

  By Jonas Cho Walsgard (Bloomberg) -- John Fredriksen, the billionaire who made his fortune investing in crude tankers, said he’s “very worried” about the turmoil spreading from China and the potential fallout on global shipping markets. “It seems there are big problems in China,” Fredriksen said in an interview in Oslo on Monday. “That’s at least not good for … [Read more...]