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Shipping and maritime news
Welcome to our new news section. Here you will find out what's going on in the business. News is updated as it's released from thousands of media sources.
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News Headlines
CSCL Indian Ocean lost anchor before grounding at Elbe River3 minutes ago
Added: Feb 08, 2016 07:42
The preparation for salvage of the hardly grounded ultra large container ship CSCL Indian Ocean are running at full speed, after several failed attempts to refloat the vessel. Read more
Source: Maritime Connector
ACP: New Panama Canal Locks to be Completed by June2 days 23 hours ago
Added: Feb 05, 2016 08:34
After more than a year-long delay, a new set of larger locks for the Panama Canal will be complete by the end of June, the waterway's administrator said on Wednesday, after builders repaired cracks that had formed in the concrete walls. Read more
Source: Maritime Connector
Tianjin Blast Could Be Largest Marine Insurance Loss Ever2 days 23 hours ago
Added: Feb 05, 2016 08:31
Claims related to the massive explosion at the port of Tianjin, China may grow to as much as $6 billion, says the International Union of Marine Insurance (IUMI). More than half of the claims reportedly fall within marine insurance or reinsurance lines – potentially making it the largest single marine disaster (by claim value) in history, surpassing Hurricane Sandy. Read more
Source: Maritime Connector
First Offshore Wind Farm Decommissioning Complete2 days 23 hours ago
Added: Feb 05, 2016 08:21
Wind farm operator Vattenfall has completed the decommissioning and removal of the five-turbine, 10 MW Yttre Stengrund offshore wind farm – the first dismantlement of its type. Read more
Source: Maritime Connector
Diana Shipping Inc. Announces Agreement to Acquire Three Panamax Vessels2 days 23 hours ago
Added: Feb 05, 2016 08:16
Diana Shipping Inc. (NYSE:DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that it has signed, through three separate wholly-owned subsidiaries, three Memoranda of Agreement to acquire from a related party three Panamax vessels for an aggregate purchase price of US$39.8 million. Read more
Source: Maritime Connector
Seafarers invited to help manufacturers improve onboard design2 days 23 hours ago
Added: Feb 05, 2016 08:12
Shipping has not been especially good at asking the users of its assets – the seafarers – how to improve designs. This could change with news today that the Nautical Institute and CIRM, the principal international association for marine electronics companies, have launched a joint initiative to improve the usability of navigation and communication technology onboard ships. Read more
Source: Maritime Connector
Boxship Aground Near Port of Hamburg2 days 23 hours ago
Added: Feb 05, 2016 08:07
A Chinese container ship that is one of the world's largest has run aground on the river Elbe near Germany's largest port Hamburg but shipping to the harbour continues as normal, German marine police said. Read more
Source: Maritime Connector
Bureau Veritas Classes World's Largest Asphalt Carrier2 days 23 hours ago
Added: Feb 05, 2016 08:01
Leading classification society Bureau Veritas is classing the 37,000 dwt asphalt carrier Asphalt Splendor, recently delivered to US-based Sargeant Marine. Read more
Source: Maritime Connector
Rotterdam Port Connector Starting to Bear Fruit2 days 23 hours ago
Added: Feb 05, 2016 07:55
The Rotterdam, which connects supply and demand online, has officially rounded off the test phase. Read more
Source: Maritime Connector
Pentagon to Buy More High-End Ships3 days 23 hours ago
Added: Feb 04, 2016 07:50
U.S. Defense Secretary Ash Carter said the U.S. Navy would buy more high-end submarines, destroyers, fighter jets and unmanned underwater vehicles in coming years, using $8 billion saved by scaling back orders for smaller, less capable Littoral Combat Ships. Read more
Source: Maritime Connector
Offshore Support Vessel Market by Type, by Depth, & by Region - Global Forecast to 20204 days 0 hours ago
Added: Feb 04, 2016 07:44
Growing demand for oil & gas is expected to drive the offshore support vessel market at a CAGR of 5.8% during the forecast period. Meanwhile, the recent decline in the global crude oil price has negatively affected E&P activities, which is prominently visible with the sharp decline in the global rig count, affecting drilling activities. Read more
Source: Maritime Connector
Kitack Lim Says E-Nav is the Future4 days 0 hours ago
Added: Feb 04, 2016 07:38
E-navigation can offer enhanced safety, better environmental protection, improved traffic management and commercial benefits; and both the technological advances and the advantages they can bring are continuing to evolve. That was the message from IMO Secretary-General Kitack Lim in his keynote speech to the International E-Navigation Underway conference. Read more
Source: Maritime Connector
USCG: Aframax Tanker Allides Twice in New Orleans4 days 0 hours ago
Added: Feb 04, 2016 07:32
The U.S. Coast Guard Eighth District reported that it was responding to two allisions in New Orleans at mile markers 104 and 94 on the Mississippi River. Read more
Source: Maritime Connector
Fire Destroys Accommodations Block of Vietnamese Freighter4 days 23 hours ago
Added: Feb 03, 2016 07:56
The Vietnamese Marine Rescue Coordination Center (VMRCC) has reported that the 27,000 dwt geared freighter South Star caught fire about 35 nm east of Haiphong, off Cam Pha. Read more
Source: Maritime Connector
IMarEST launches campaign to support seafarers4 days 23 hours ago
Added: Feb 03, 2016 07:50
The Institute of Marine Engineering Science & Technology (IMarEST) has launched a campaign aimed at supporting seafarers in developing their skills and demonstrating their competencies. Read more
Source: Maritime Connector
Baltic index slips to fresh low as demand concerns persist5 days 0 hours ago
Added: Feb 03, 2016 07:44
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, slipped to another all-time low on worries about vessel oversupply and slowing global demand. Read more
Source: Maritime Connector
Piracy Less Severe in 2015, but IMB Advises Vigilance5 days 0 hours ago
Added: Feb 03, 2016 07:40
The IMB Piracy Reporting Center, a division of the International Chamber of Commerce, has released its annual piracy report for 2015. Many trends are encouraging: the total number of Read more
Source: Maritime Connector
Ro/Ro Modern Express Successfully Taken in Tow6 days 0 hours ago
Added: Feb 02, 2016 07:44
A four-man team from SMIT Salvage successfully passed a tow line from the stricken ro/ro Modern Express to the tug Centaurus. The tow was under way, headed away from the French coastline and making for the Port of Bilbao. Read more
Source: Maritime Connector
Extreme Cost of Proposed Federal Rule Risks Shuttering Gulf Energy Production and Intensifying Econo6 days 0 hours ago
Added: Feb 02, 2016 07:30
Initial findings from a study conducted by international research consultancy Wood Mackenzie confirm that the high cost of a proposed new rule governing oil and gas operations in the Gulf of Mexico could significantly reduce domestic energy production and curtail U.S. economic activity, energy supplies, and state and federal offshore revenues. Read more
Source: Maritime Connector
MSC Confirms Order for Four Cruise Ships6 days 0 hours ago
Added: Feb 02, 2016 07:24
MSC Cruises confirmed orders for two additional ships in a $3.26 billion deal with STX France. Read more
Source: Maritime Connector
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