Featured


Friday, July 6, 2012
gasatacama lng carrier
News

Chile Betting on Future US LNG Exports? Offshore Regas Terminal Project Awarded to Golar LNG

(Dow Jones) Northern Chile power producer GasAtacama SA awarded Golar LNG Ltd (GLNG, GOL.OS) the construction and operation of an offshore liquefied natural

July 6, 2012
Total Views: 24

Offshore Strike Continues to Escalate, Norwegian Minister of Labor Steps In
News

Offshore Strike Continues to Escalate, Norwegian Minister of Labor Steps In

(Dow Jones) The Norwegian government Friday urged oil unions and companies to continue their negotiations in a bid to resolve a 13-day-old strike that is

July 6, 2012
Total Views: 27

World’s Fastest Sailboat Preps for Record-Breaking Run to Honolulu [VIDEO]
Blog

World’s Fastest Sailboat Preps for Record-Breaking Run to Honolulu [VIDEO]

As soon as the weather forecasts present an opportune window, the crew of Hydroptère, a hydrofoil sailboat designed by French yachtsman Alain Thébault,

July 6, 2012
Total Views: 44

lindos bulk carrier goldenport
News

Goldenport Sells off 22-Year Old Bulker, Realizes Significant Profit

Greek shipowner Goldenport Holdings Inc, (LSE: GPRT) announced today that it has concluded the sale of the Lindos, a 1990-built bulk carrier, to the

July 6, 2012
Total Views: 99

Thursday, July 5, 2012
Articles by Bloomberg and The Straits Times Cause a Major Stir at COSCO Corporation
Engineering News

Articles by Bloomberg and The Straits Times Cause a Major Stir at COSCO Corporation

After scathing reports by Bloomberg and The Straits Times on COSCO Corporation’s shipbuilding operations, Wu Zi Heng, Vice Chairman and President of

July 5, 2012
Total Views: 141

oocl china
Finance

Box Ships Takes Delivery of OOCL China, Chartered Back to Original Owner

Global containership company, Box Ships Inc, (NYSE: TEU), announced today that it took delivery of its ninth vessel, the OOCL China, a 5,344 TEU

July 5, 2012
Total Views: 46

iacs
Engineering News

IACS Releases Draft Harmonized Common Structural Rules, Seeks Feedback

After hearing about the release this week by the International Association of Classification Societies (IACS) of the draft IACS harmonised Common Structural

July 5, 2012
Total Views: 134

small boat activity forecast indian ocean oni
Maritime Security

Monsoon Will Likely Keep Pirates at Bay in Indian Ocean [PIRACY UPDATE]

It was a mixed bag of pirate activity around the world this past week and fortunately, nobody was captured or injured due to pirate activity.  Here’s

July 5, 2012
Total Views: 56

le ponant cma cgm navire
Finance

CMA CGM Sells Off Luxury Cruise Business to Private Equity Firm

Bridgepoint and CMA CGM Group, with its parent company Merit, announced today that they have signed a formal agreement whereby Bridgepoint will acquire French

July 5, 2012
Total Views: 123

sanko line steamship
Finance

Sanko Steamship Comes Crashing Down Once Again

Sanko Steamship has had one of the most tumultuous histories of any shipping company in the world. Established in 1934, Sanko Line has its origin in the Sanko

July 5, 2012
Total Views: 526

yujin international
News

Chinese Shipyard Drops the Ball, Yujin International Cancels Pair of Newbuild Contracts

After failing to meet delivery dates for a pair of 5,500 DWT chemical tankers, a Chinese shipyard has a bit of a mess on its hands as Singaporean tanker

July 5, 2012
Total Views: 28

diana shipping logo
News

Diana Shipping Gains New Time Charter Contract for Capesize Bulker, M/V Salt Lake City

ATHENS, GREECE – Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the ownership and operation of dry bulk vessels, announced

July 5, 2012
Total Views: 73

Gullfaks B statoil
News

Statoil Threatens to Shut Down the Entire Norwegian Continental Shelf

STOCKHOLM–Oil and gas giant Statoil ASA (STO, STL.OS) and other companies represented by Norway’s Oil Industry Association have threatened to

July 5, 2012
Total Views: 30

gas emission reduction hhi hyundai sox nox
Engineering News

Rowan Orders South Korean Drillships With Emissions Scrubbers

Hyundai Heavy Industries announced today that it will supply 18 gas emission reduction systems for three drillships ordered by Rowan in June 2011. The

July 5, 2012
Total Views: 55

dockwise
Finance

Takeover Nearly Complete: Dockwise Gains Another 10 Percent of Fairstar

Dockwise announced today that their full acquisition of Fairstar is nearly complete after they completed the purchase of another 10 percent of Fairstar shares

July 5, 2012
Total Views: 51

ricardo rosa
Finance

Subsea 7 Hires former Transocean CFO, Ricardo Rosa

International seabed-to-surface contractor, Subsea 7 S.A. (Oslo Børs: SUBC), announced today that their Chief Financial Officer (CFO), Simon Crowe, has

July 5, 2012
Total Views: 198

stolt valor
Finance

Big Profits Reported at Stolt-Nielsen, Future Looks Fairly Weak However

Norwegian shipping and seafood company Stolt-Nielsen Ltd. (Oslo Børs: SNI), reported financial results today for their second quarter and first six months

July 5, 2012
Total Views: 57

Wednesday, July 4, 2012
hmas wollongong
Defense

3rd Time’s the Charm, Australian Navy Responds to Asylum Seekers in Distress

While transiting from Singapore to Christmas Island, HMAS Wollongong was tasked to respond to a vessel in distress which was eventually located approximately

July 4, 2012
Total Views: 69

universal maritime inc
Finance

Universal Maritime Withdraws IPO

Shipping company Universal Maritime Inc. said Wednesday it has withdrawn its initial public offering. MAIN FACTS: The company last month announced plans to

July 4, 2012
Total Views: 50

mark 48 torpedo hmas torrens royal australian navy
Blog

Never a Good Day When you Sink a Warship [VIDEO]

It’s always a sad day when a ship is scrapped, but to see a ship destroyed or sunk in a ferocious manner may turn your stomach, particularly if

July 4, 2012
Total Views: 584