Malaysia Coastal Tankship Sinks in Storm

Seven Malaysian crewmen were rescued after tthe MV 'Ramai Dua' partially sank in shallow waters between Labuan & Sabah’s western Menumbok. The seven crew members were rescued by a Malaysian Maritime Enforcement Agency…

Legal

COSCO Deliver Offshore Tender Rig 'T-15'

COSCO Corporation (Singapore) subsidiary COSCO (Nantong) Shipyard Co., Ltd deliver a tender rig to Seadrill. The tender rig is designed to be placed in close proximity to an oil platform in order to assist in drilling…

Shipbuilding

Korean Shipyard Wins LNG Carrier Contracts

Hyundai Heavy Industries (HHI) & its affiliated shipyard obtain orders totalling US$1.05 billion to build five liquefied natural gas (LNG) carriers. One of the LNG carriers of 155,000-cubic-metre capacity and worth…

Shipbuilding

Chinese Shipbuilder Warns of Loss

In accord with Hong Stock Exchange rules China Rongsherg Rongsheng Heavy Industries Group announces an expected net loss for year ending 2012. The Company believes that the net loss is primarily attributable to the…

Shipbuilding

Tankship Contract Cancelled by Bahri

Bahri subsidiary, National Chemical Carriers Ltd., cancels contract for chemical tanker (NCC Bader) due to the delay in terms of delivery. The National Shipping Company of Saudi Arabia (Bahri) announces that its 80%…

Contracts

Low Water Mississippi: USACE Outlines Action Plans

The U.S. Army Corps of Engineers Mississippi Valley Division Commander discusses Corps' plans with state & local representatives. The U.S. Army Corps of Engineers Mississippi Valley Division Commander Maj. Gen. John…

Technology

Impending US Dock Strike: FMCS Mediation to Begin

The Federal Mediation and Conciliation Service (US) calls meeting & parties in conflict over East Coast ports new contract agree to attend. Statement by FMCS Director George H. Cohen on East Coast Ports Labor…

Contracts

Rickmers-Linie Contract Chinese Shipbuilder

Rickmers-Linie is to take delivery of two 20,000dwt multi-purpose/heavy-lift newbuildings in 2015, to be built at Hudong-Zhonghua Shipbuilding in China. Both of these multi-purpose vessels will be equipped with two…

Shipbuilding

Hudson River Damaged Tankship Anchored Safely

The Coast Guard continues to oversee the response to damaged motor tanker 'Stena Primorsk' on the Hudson River near Stuyvesant, N.Y. Coast Guard Sector New York was notified Thursday that the 600-foot motor tanker, Stena…

People & Company News

Alaska Drill Rig Refit Contract Terminated

Buccaneer Energy contextualizes termination of its contract with Archer Drilling as project manager of work on one of its jack-up rigs. The contract was for Archer Drilling to act as project manager of modifications and…

Contracts

Wärtsilä AQUARIUS®UV BWMS Type Approved

Wärtsilä's AQUARIUS® UV Ballast Water Management System (BWMS) has been granted Type Approval in accordance with the 2004 IMO Convention. This approval endorses Wärtsilä’s BWMS market entry and provides ship owners with…

Legal

UK Shipping Carbon Budget Decision Deferred

UK Government announce its decision on international aviation and shipping emissions. Government will defer a decision on whether to include international aviation and shipping emissions in carbon budgets until the…

Legal

HIgh LNG Freight Rates Possibly Short-term

Market analysis suggests winter demand could cause LNG freight rates to rise but downward pressure might later be forthcoming. Rising LNG prices, almost stagnant liquefaction capacity amid expanding regasification…

Contracts

Drilling Rig Status Update from Rowan

Rowan Companies plc gives an update on notable events. EXL I: Changed day rate to mid $220s (previously mid $210s) due to amortization adjustment. J.P. Bussell : Rig is expected to be off rate for five days in 1Q 2013…

Contracts