Maritime Propulsion News

Shipbuilding Activity Mirrors Global Economic Condition

Volatility, expensive and limited finance and challenging trading conditions permeate many shipping industry sectors & is mirrored in shipbuilding. Nevertheless, there has been enough of a steady stream of dealflow for…

EU Aligns With IMO Marine Engine Emission Rules

The European Parliament approves legislation agreed with member states, which requires new general limits to be in place by 2020. The new rules will bring European legislation in line with limits agreed by the…

Legal

Fishing Vessel Abandoned off New Zealand, 43 Crew Rescued

The 64 m long fishing vessel 'Amaltal Columbia' was abandoned after a blaze started in the after part & spread throughout the vessel. All 43 crew of the 64m New Zealand fishing boat Amaltal Columbia , owned by Talley’s…

People & Company News

Cruise Ship 'Queen Victoria' Propulsion Unit Problem

Cunard's Queen Victoria suffers a problem with one of its propulsion units while on Mediterranean cruise off Portugal. Queen Victoria , which launched in 2007 and has 981 crew and a guest capacity of 1,990, is currently…

People & Company News

Northern Sea Route Transit Record Likely to be Broken

After a slow start this summer mariime transport along the northern Sea Route has gained speed the last couple of weeks. In course of the two first months of this years’ sailing period only nine vessels had used the…

People & Company News

Logistics Giant Urges US East Coast Labor Settlement

Lilly & Associates a multinational logistics services company headquartered in Miami, Florida, joins shipping community in urging port labor resolution. With negotiations between the International Longshoremen’s…

People & Company News

'Costa Concordia' Disaster Lawsuits Filed in US Courts

Despite legal obstacles that might force them to sue in Italy litigants seek damages from Miami-based Carnival Corp. in US courts. The lawsuits filed in both federal and state courts contend that Carnival is the…

Legal

Semi-submersible Rig 'Erik Raude' Contracted

Ocean Rig UDW Inc. has received a Letter of Intent to contract one of its semi-submersible drilling rigs, “Eirik Raude”, from an oil major. The Letter of Intent is for a one-well program, with an estimated duration of up…

Contracts

Harvey Gulf’s Bold Vision: a Big Win for Everyone

Shane Guidry and Harvey Gulf team up with leading industry naval architects, engine suppliers, classification societies, regulatory bodies and a host of others to bring U.S. Gulf of Mexico offshore energy into the 21st…

People & Company News

Demand Rising to Keep Stuff Cool on Ocean Voyages

Søren Skou, CEO of container shipping giant Maersk Line is keynote speaker at the 4th Cool Logistics Global conference, 24-26 September in Antwerp, Belgium. Mr. Skou will outline Maersk’s position on the critical actions…

People & Company News

Shell's First Arctic Drill Attempt Suffers a Hiccup

A drill-bit from 'Noble Discoverer' touched sea floor in the US Chukchi Sea, but drilling soon had to cease as sea ice began to encroach. Shell inform: As a precautionary measure and in accordance with our approved…

People & Company News

Semi-submersible Accommodation Rig Order for COSCO

COSCO Singapore Chinese subsidiary COSCO Qidong Offshore wins contract from Axis Offshore. The contract valued over US$200-million from Axis Offshore, a joint venture between Danish shipowner, J. Lauritzen and Norwegian…

Contracts

Diesel Engine Manufacturers in Korea Joint Venture

Hyundai Heavy Industries & Cummins announce a J/V to build mid-range engines in Korea. The engines will extend from 150 hp to 300 hp (112-224 kW) output for application in a wide range of Hyundai construction and…

People & Company News

Vietnam Port Development Opportunity

Construction of Van Phong International Transshipment Port has ceased, opening door to investors says economic zone official. The $3.6 billion transshipment port, fully funded by the debt-laden Vietnam National Shipping…

Ports