Storm Earl lashes Belize, Heads for Mexico
Tropical storm Earl whipped Belize with wind and heavy rain as it weakened, moving into Guatemala toward southeastern Mexico on Thursday after hundreds of people took shelter overnight. The U.S.
BMT Upgrades Its REMBRANDT Simulator
BMT Ship & Coastal Dynamics, a subsidiary of BMT Group Ltd, has announced new enhancements to its marine navigation and maneuvering simulator, REMBRANDT, used globally by pilot organizations, shipping companies, naval architects, civil marine engineers and port authorities. Separate controls for setting wind, wave and swell wave parameters have been introduced. By allowing independent control of these features…
Inmarsat Returns to Revenue Growth in Q2
British satellite operator Inmarsat reported a rise in revenue in the second quarter, more than reversing a dip in the first quarter, as its customers used its broadband…
Singapore Exchange Looks to Buy Baltic Exchange
Singapore Exchange Ltd (SGX) said it planned to offer 77.6 million pounds ($103 million) to buy London's Baltic Exchange and was seeking support from Baltic's shareholders for the deal.
FSL Trust: Yet Another Steady Quarter
FSL Trust Management Pte. Ltd. (“FSLTM”), as trustee-manager of First Ship Lease Trust (“FSL Trust” or “the Trust”) announced today that the Trust reported a stable…
Euroseas Newbuilding Program Update
Euroseas Ltd.announced that it has signed an addendum to its shipbuilding contract with YJZ yard for the construction of Kamsarmax vessel Hull Number YZJ 1153 scheduled…
MISC Reports Higher Profit Despite Revenue Loss
* Group revenue for the quarter and the 6 months period ended 30 June 2016, were lower than the corresponding quarter and 6 months period ended 30 June 2015. * Group…
Dual Coil Shooting Full-Azimuth Multiclient Acquisition in GoM
TGS and Schlumberger today announce commencement of the Dual Coil Shooting* multi-vessel full-azimuth acquisition Revolution XII and XIII surveys in the U.S. Gulf of Mexico.
Damen Optima Nozzle: A Boon for Inland Shippers
Damen Optima Nozzle is a big advantage for the North American inland shipping sector. The propeller nozzle developed and manufactured by Damen Shipyards Group's…
DNV GL’s Synergi Water with four Core Modules
The new release of DNV GL’s Synergi Water includes four modules that have previously been separately licensed. The addition of these modules – Unidirectional Flushing…
Navarino, Inmarsat Inks Fleet Xpress Deal
Navarino has entered into a new agreement with Inmarsat to integrate Fleet Xpress into Navarino’s existing service portfolio. Through the agreement, Navarino will bring more than 1…
Iranian Ports Not Affected by Sanctions
Managing Director of Ports and Maritime Organization (PMO) Mohammad Saeed-Nejad says the nuclear deal between Iran and P5+1 has removed all sanctions imposed on Iranian ports.
Brexit Impact on Shipping and Sea Trade in UK
Eversheds International says that UK trade would clearly be impacted by the Brexit vote. "We saw an immediate effect on currency and share prices, although there…
Brexit Implications for Global Shipping, Sea Trade
The buzzword for the post-Brexit landscape both in Europe and further afield is ‘uncertainty’. No-one really knows the long term effect that Brexit will have on local and global economies…
IMO’s Maritime Security Work Highlighted
Recent security exercises in the English Channel involving military personnel on board ships have sparked heightened media interest in maritime security in the region.
Euroseas Signs an Addendum Shipbuilding Contract with YJZ Yard
Euroseas Ltd., an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, has…
UASC Prohibits Shipment of Shark Fin
As part of a commitment made to the World Wildlife Fund (WWF) earlier this year, United Arab Shipping Company (UASC) has prohibited the carriage of shark fin and shark fin related products.
PSC Inspection on Maritime Labour from September
Paris Memorandum of Understanding (MoU) will be launching a Concentrated Inspection Campaign (CIC) on the Maritime Labour Convention (MLC), 2006. The aim of the…
This Day In Naval History: August 3
1804 - Commodore Edward Prebles Mediterranean Squadron launches the first of a series of bombardments on the harbor of Tripoli. Designed to destroy the defending batteries and sink enemy ships…
Great Lakes Iron Ore Trade Dips 15% in July
Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 5.6 million tons in July, a decrease of 15 percent compared to a year ago, according to the Lake Carriers’ Association (LCA). Shipments also trailed the month’s fuve-year average by more than 18 percent. Shipments from U.S. ports totaled 4.95 million tons in July, a decrease of nearly 14 percent compared to a year ago, while loadings at Canadian terminals dipped even more – 23 percent – to 643,000 tons, LCA said.
