Tuesday, July 2, 2013
Army Corps of Engineers Tug Sinks in Upper St. Marys River
Incidents

Army Corps of Engineers Tug Sinks in Upper St. Marys River

The U.S. Coast Guard responded Monday morning to a U.S. Army Corps of Engineers tug that sank in the upper St. Marys River in

July 2, 2013
Total Views: 237

Excel Maritime Files for Chapter 11 Bankruptcy Protection
News

Excel Maritime Files for Chapter 11 Bankruptcy Protection

Excel Maritime Carriers Ltd., the Athens-based operator of 38 dry-bulk vessels, filed for bankruptcy protection in the U.S. after extending a voting deadline

July 2, 2013
Total Views: 290

Monday, July 1, 2013
Ship Photo of The Day – FSRU Toscana in Malta
Offshore

Ship Photo of The Day – FSRU Toscana in Malta

The world's first floating storage and re-gasification unit, named FRSU Toscana, is towed into Valletta’s Grand Harbour in Malta, July 1,

July 1, 2013
Total Views: 221

COSCO, CSCL Drop Iran Ties As Latest U.S. Sanctions Bite
Uncategorized

COSCO, CSCL Drop Iran Ties As Latest U.S. Sanctions Bite

Two top Chinese shipping lines severed ties with Iran as tough new U.S. sanctions over the country's disputed nuclear programme came into effect on Monday,

July 1, 2013
Total Views: 56

west linus jackup
News

Ship Finance International to Acquire West Linus Jack-Up

Ship Finance International Limited (NYSE: SFL) (“Ship Finance” or the “Company”) today announced that the Company has agreed to acquire

July 1, 2013
Total Views: 179

Europe’s Exporters Must Take Fair Share of Freight Rates, say Container Lines
Blog

Europe’s Exporters Must Take Fair Share of Freight Rates, say Container Lines

European exporters targeting markets in China and elsewhere in Asia have been warned that the era of cheap container shipping freight rates on the backhaul

July 1, 2013
Total Views: 38

emma maersk

Maersk Advances as China Container Rates Jump

A.P. Moeller-Maersk A/S rose in Copenhagen trading on speculation that freight rate increases will succeed in restoring profits on the shipping

July 1, 2013
Total Views: 25

Scary Scene in China as Barge Capsizes on Yangtze River, Five Missing [VIDEO]
Incidents

Scary Scene in China as Barge Capsizes on Yangtze River, Five Missing [VIDEO]

Five people are reportedly missing after a barge capsized Monday morning on the Yangtze River in southwest China's Chongqing

July 1, 2013
Total Views: 84

noble drilling
News

Noble Corporation to Leave Switzerland

Switzerland-based drilling contractor Noble Corporation (NYSE: NE) announced today plans to reincorporate from Zug, Switzerland to the United Kingdom.  The

July 1, 2013
Total Views: 125

lng carrier simaisma nakilat maran gas maritime
Finance

Nakilat Venture Obtains $662 Million Refinancing to Expand Fleet of LNG Ships

(Bloomberg) — Qatar Gas Transport Co., the operator of liquefied natural gas vessels, said its joint venture with Angelicoussis Shipping Group Ltd.

July 1, 2013
Total Views: 1230

caterpillar berg propulsion
News

Caterpillar to Acquire Berg Propulsion

Caterpillar Inc. (NYSE: CAT) has signed a definitive agreement to acquire Johan Walter Berg AB, including its core brand of Berg Propulsion, a leading

July 1, 2013
Total Views: 142

westpac express
Defense

U.S. Navy Extends Charter of Austal Catamaran, WestPac Express

The charter of the Austal high speed vessel WestPac Express has been extended for a further six months by the United States Navy’s Military Sealift

July 1, 2013
Total Views: 145

pacific class 400 jack-up
News

Oro Negro Makes it Six with Latest Jack-Up Order from PPL Shipyard

Singapore-based rig-builder Sembcorp Marine announced today that they have signed newbuild orders for two jack-up rigs from Integradora de Servicios Petroleros

July 1, 2013
Total Views: 94

EG LNG Equatorial guinea lng
News

Gas Exporters to Defend Pricing as Courts Reject Oil Link

(Bloomberg) — The world’s biggest natural gas exporters will seek to defend linking prices to the cost of oil even after courts ruled they

July 1, 2013
Total Views: 27

Teekay megi lng carrier
News

DSME and Samsung Win LNG Carrier and Semisubmersible Rig Newbuild Orders

South Korean shipyards Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy announced orders on Monday with a pair of LNG carriers and a

July 1, 2013
Total Views: 50