News
Trump to name new FERC members
The United States president, Donald Trump intends to nominate new members to the Federal Energy Regulatory Commission (FERC).
Moody’s: Shipping Industry’s Outlook Holds Steady
The outlook for the global shipping industry is stable, given that — after excluding M&As and spinoffs — the aggregate EBITDA of rated shipping companies will remain at similar levels in 2017 as last year, according to Moody’s Japan K.K. Unlike 2016, when the industry saw double-digit EBITDA decline
Navig8 Chemical Ends Quarter in Loss
Although the chemical tanker market started sailing towards recovery, the chemical shipping company Navig8 Chemical Tankers ended the first quarter of 2017 with a net loss of USD 1.2 million, against a net income of USD 10.3 million seen in the same period a year earlier. Navig8 Chemical said that t
Clarksons Platou Establishes Offshore Renewables Division
Integrated shipping services provider Clarksons Platou has consolidated its renewables experts into a dedicated global division to provide ship broking, market intelligence and commercial services specifically to the offshore renewables market.
Clarksons Platou Establishes Offshore Renewables Division
Integrated shipping services provider Clarksons Platou has consolidated its renewables experts into a dedicated global division to provide ship broking, market intelligence and commercial services specifically to the offshore renewables market.
Comments Invited on Canal and River Trust Winter Maintenance Plans
The Canal and River Trust (CRT) today published its draft winter maintenance program for 2017-18, saying that throughout this period the trust intends to spend £26.9 million on dredging and repairs to bridges and embankments. Dredging is planned across the network, at sites including the Macclesfiel
New drive for 100% renewable energy launched in Bonn
Industry representatives have launched The Global 100% Renewable Energy Platform in Bonn, Germany.
Dredging Work Underway on South Forty Foot Drain
Black Sluice IDB has started major enhanced maintenance works on the South Forty Foot Drain upstream of Boston in Lincolnshire, the Association of Drainage Authorities (ADA) just announced. The work is taking place thanks to financial backing from the Environment Agency who are partners in the works
Showa Shell, Idemitsu Kosan to Join VLCC Fleets
Japanese oil and energy companies Showa Shell Sekiyu and Idemitsu Kosan have reached an agreement to combine their very large crude carriers (VLCCs) as part of the companies’ merger arrangements. Under the deal, the parties would jointly operate some 20 VLCCs, with loadings scheduled to start after
Gallery: Port of Virginia Hosts COSCO Development
Image Courtesy: Port of Virginia The Port of Virginia welcomed on May 8 COSCO Development, the largest containership to call this port and the US East Coast. The 13,092 TEU boxship breaks the previous record held by the 10,000 MOL Benefactor when it sailed to Norfolk International Terminals (NIT) la
City of Turku deploys LNG-fueled truck for waste management
Finnish city of Turku said it has joined forces with Gasum to deploy an LNG-fueled truck for waste management.
Liebherr HS 8100 HD Busy in Port of Hamburg
A Liebherr duty cycle crawler crane, type HS 8100 HD, is currently carrying out dredging work in the Port of Hamburg, Liebherr said in its latest announcement. For years the Port of Hamburg has been fighting with sediment deposits, which cause receding water depths and, therefore, impede the shippin
Petronet LNG’s profit jumps
Petronet LNG, India’s largest importer of the chilled fuel, on Tuesday reported an increase in profit for the quarter ended March 31.
Vessel owner files for wind up of Emas Offshore’s subsidiary
A winding up application has been filed against Emas Offshore’s subsidiary, Lewek Champion Shipping, related to debts for the Lewek Champion vessel charter. Emas Offshore reported on Tuesday that the owner of the Lewek Champion pipelay construction vessel, Hai Jiang 1401, filed the winding up applic