By MarEx 2015-05-22 16:33:44 On Thursday, May 21, at 10:00 a.m. EDT, the Maritime Administration (MARAD) hosted a National Maritime Day Observance at the U.S. Department of Transportation ...
MARAD Hosts National Maritime Day Observance
Oil Platform on Fire in Gulf of Mexico
By Reuters 2015-05-22 13:17:33 An oil platform caught fire and was evacuated in the U.S. Gulf of Mexico offshore Louisiana in the early hours of Friday, though no injuries were reported, the U.S. ...
Callao strike continues
There is no sign of a breakthrough in the indefinite dockworkers' strike at the general cargo facility in Callao, Peru, now into its second week. The industrial action by members of the Sturamporpc ...
Tsakos profits surge
Greek tanker owner Tsakos Energy Navigation (TEN) has posted higher than expected profits and confirmed it is on the hunt for acquisitions. The NYSE-listed company reported net income of USD37.3 ...
Shipping Freight Rates Fall Amid Overcapacity
By Reuters 2015-05-22 09:49:57 Shipping freight rates on the world's busiest route, from Asia to Northern Europe, fell by the largest percentage amount since 2008, reflecting wild volatility in the ...
Asian Pirates Step Up Raids On Small Products Tankers
Posted on: Friday, May 22nd, 2015 By: Debbie Source: Tradewinds Small oil products tankers are increasingly being targeted off Indonesia’s Bintan Island for hijack by organised criminals who steal ...
HMM plans to sell dry bulk business in doubt
Hyundai Merchant Marine (HMM) may call off plans to sell its dry bulk business division. South Korea's second biggest shipping company had invited offers for the unit in March, with Seoul-based SK ...
Coastal Contracts boasts record quarter
Malaysian offshore service provider Coastal Contracts posted a record-breaking profit of MYR65.9 million (USD18.3 million) for the first quarter of 2015, up 34% year-on-year (y/y). Revenue was up 56% ...
Canada won’t be rushed on ballast treatment
Canada will not require domestic shipowners operating on the Great Lakes to equip their ships with costly ballast treatment systems until effective technology exists, Canadian transport minister Lisa ...
Top three Taiwanese carriers post 1Q15 profit
Wan Hai, Yang Ming, and Evergreen Marine, the top three container carriers in Taiwan, have all posted profits for the first quarter of 2015. Wan Hai recorded a profit of TWD2.07 billion (USD68.13 ...