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  • 14 October 2014

    The Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia (ReCAAP) has marked a 33% decrease in the number of incidents of piracy and armed robbery against ships reported during the period of July – September 2014 compared to the period of April – June 2014. A total of 39 incidents were […]

  • 21 October 2015

    Japan’s imports of liquefied natural gas dropped 5 percent in September as compared to the same month a year ago. The world’s largest buyer of the chilled gas imported 6.91 million tonnes of LNG last month, preliminary data from the Ministry of Finance reveals. Japan paid 416,191 million yen for imports in September, down 32.4 […]

  • 28 August 2019
    Business & Finance, Vessels

    The 9th trailing suction hopper dredger in the Baggerbedrijf de Boer/Dutch Dredging B.V. fleet named ‘Lesse’ is currently on her way to her first dredging job in French Guiana. The vessel – built at Royal IHC’s partner yard MTG Dolphin BV in Bulgaria, was handed over to the owner on August 2. The design of […]

  • 25 August 2014

    In a refurbishment program to upgrade lifeboats on offshore platforms, Ampelmann completed a second successful re-installation using its full motion compensation technology.

  • 15 January 2015
    Business & Finance

    Latvia’s Freeport of Riga handled 41.08 million tons of various cargo in 2014, surpassing the 2013 volumes by 5.6 million tons, or 15.8%, and setting a new record for the port. Overall, 23.73 million tons were handled in the dry bulk segment in 2014 that is by 10% or 2.16 million tons more than during the previous […]

  • 27 October 2017
    Business & Finance, Vessels

    Royal IHC has held a steel cutting ceremony for the 2,300m³ Trailing Suction Hopper Dredger LESSE. The event took place at IHC’s partner yard, the MTG Dolphin Shipyard in Varna (Bulgaria) earlier this week. The newbuild was ordered by Baggerbedrijf de Boer – Dutch Dredging last May. The vessel is the third project, built in cooperation and by […]

  • 22 August 2016

    Imports of liquefied natural gas (LNG) by world’s largest consumer of the chilled fuel, Japan dropped 5.4 percent in July as compared to the same month a year ago. Japan imported 6.58 million mt of LNG in July, according to the provisional data by Japan’s Ministry of Finance. The data showed that Japan’s LNG imports […]

  • 12 February 2015
    Business & Finance

    U.S. Senator Thad Cochran, chairman of the Senate Committee on Appropriations, yesterday criticized President Obama’s FY2016 budget for diminishing resources for flood control and navigation projects, even while increasing funding for regulatory and other programs government-wide. At a Senate Energy and Water Development Appropriations Subcommittee hearing Wednesday to review the FY2016 budget requests for the Army […]

  • 7 November 2014
    Business & Finance, Equipment, Operations & Maintenance

    Aker Solutions’ third-quarter attributable profit dropped to NOK 265 from NOK 349. Earnings per share fell to NOK 0.97 from NOK 1.29 a year earlier. However, Aker’s revenue rose 22 percent to NOK 8.3 billion in the third quarter of 2014, boosted by increased work at major subsea projects in Norway and West Africa, higher activity […]

  • 20 March 2015
    Business & Finance

    Venezuela plans to appeal the decision of a World Bank tribunal that ordered payment of USD 46 million compensation claim to oil service company Tidewater for owned invoices. Namely, as announced by the country’s Oil Minister Asdrubal Chavez in an interview with state media, the country is working on reducing the amount. “We will pay what we have to […]

  • 26 May 2017
    Business & Finance

    The number of trade lanes served by the Korean deep sea lines has decreased as well as their deployed capacity following Hanjin’s demise and Hyundai’s reduction in regions served, MDS Transmodal consultancy said in its latest review of non-alliance liners. As explained, the non alliance shipping lines are characterised by having fleets of smaller size vessels, […]

  • 23 August 2016

    New Zealand’s Ports of Auckland Limited (POAL) recorded a 6.7% decrease in its container volumes in the 2015/2016 financial year, which stood at 907,099 TEUs, due to the overcapacity in the container industry that has led to a reorganization of shipping services internationally. According to Tony Gibson, Ports of Auckland Chief Executive, these changes in […]

  • 24 July 2017
    Business & Finance

    Qatar’s LNG shipping firm Nakilat has seen its net profit for the first half of 2017 drop to QAR 409 million (USD 112.3 million) from QAR 501 million (USD 137.6 million) reported in the same period last year. The lower profit for the period ended June 30, 2017, was mainly attributed to the lower number of […]

  • 12 December 2016
    Business & Finance

    Monaco-headquartered dry bulk shipping company Scorpio Bulkers has reached agreements with Hudong-Zhonghua (Group) in China to reduce the price to be paid under the shipbuilding contracts for two Kamsarmax newbuilds. The price of the two Kamsarmax vessels, which are to be delivered between Q1 2017 and Q2 2017, has been reduced by an aggregate of USD 4.9 […]

  • 30 March 2016
    Business & Finance

    German terminal operator Hamburger Hafen und Logistik AG (HHLA) has recorded a 12.3 percent drop in its container throughput volume to 6.6 million TEUs during 2015, compared to 7.5 million TEUs handled in 2014. The volume decrease was mainly attributed to a sluggish container shipping industry, as well a slowdown in the Chinese market and in the Baltic region. “The […]

  • 25 June 2012

    The rise of ocean infrastructure development to tap energy sources such as tides, offshore wind and natural gas will require more pile driving, the practice of pounding long, hollow steel pipes called piles into the ocean floor to support energy turbines and other structures. But pile driving creates loud, underwater booms that can harm fish […]

  • 5 December 2012
    Business & Finance

    This summer the MTS Duandra was launched in Benelux as the world’s first semi-hybrid inland waterway tanker built by Shipyard Trico B.V. This ship uses Volvo Penta diesel engines for both propulsion and generator set that helps to reduce emissions significantly. The two standard Volvo Penta D16 MG Gensets on MTS Duandra generate power for […]

  • 18 November 2015

    Japan’s utility Tokyo Electric Power (Tepco) said its imports of LNG in October were at 1.73 million tonnes, a drop of 13.2 percent compared to the same month last year. The utility used 1.62 million tonnes of LNG in October, down 15.3 percent on year, according to Tepco’s fuel consumption data. In April-October period, Tepco […]

  • 26 February 2016

    The formation and re-formation of larger carrier alliances along with the increase in average and largest ship sizes are turning up the heat on ports and terminals which might result in diminishing returns, according to UK-based consultancy Drewry. Ports are not immune to the volatility of the market and the world economy, but have proven their ability […]

  • 22 August 2011

    The threat posed by pirates to fishermen especially on the west coast is among reasons for the less supply of fish, said Fisheries…  (Bernama) [mappress] Source: Bernama, August 22, 2011;

  • 7 July 2010

    On June 24, the installation of the 100th and final wind turbine was finished five weeks earlier than planned. “The Installation team has had a huge mountain to climb taking into account the new vessel layout, new subcontractor, new installation equipment, and starting the work during wintertime. However, the installation has gone exceptionally well,” said […]

  • 1 November 2010

    Three federal agencies have sent a letter recommending the Navy consider building their aircraft carrier wharf in the San Luis Beach area… (eastwestcenter) [mappress] Source: eastwestcenter, November 1, 2010;