Despite the recovery in oil tanker freight rates, a ship broker has cautioned shipowners against rushing to build new ships. After ending 2014 at a positive note, the oil tanker market has continued ...
Caution urged on tanker orders
ASL Marine’s 3QFY15 profit plunges 57.5%
Singapore shipbuilding group ASL Marine said on 12 May that its profit for the third quarter of financial year (FY) 2015 fell 57.5% to SGD2.1 million (USD1.57 million) as demand for offshore support ...
Sainty Marine loses order for four ships
Shenzhen-listed Sainty Marine lost an order from Universal Marine for four 2,350 teu container ships due to the shipowner's failure to secure financing for the order. The shipbuilder and the Dutch ...
Grounding Highlights Bridge Design, Training Problems
By MarEx 2015-05-12 23:19:38 The Transportation Safety Board of Canada (TSB) has released its investigation report into the April 2014 grounding of the chemical tanker Halit Bey off Quebec citing ...
Anchor Safety Alert after Hull Punctured
By MarEx 2015-05-12 19:43:14 The U.S. Coast Guard has issued a safety alert after an incident where an anchor slipped and punctured a ship’s hull. The cargo ship was underway in 15 foot seas when ...
Total Denies Offshore Exploration Deal with Cuba
By Reuters 2015-05-12 19:19:57 French oil company Total on Tuesday denied it had signed an offshore exploration deal with Cuba during President Francois Hollande's visit there. Cuba's state-run ...
Activism Begins over Shell’s Arctic Drilling
By MarEx 2015-05-12 17:09:46 In a harbinger of expected protests over Royal Dutch Shell's plan to store Arctic drilling rigs in Seattle, an activist perched herself on a 15-foot tripod on Tuesday to ...
Vessels Diverted from Popular Port
By Kathryn Stone 2015-05-12 16:34:17 Royal Caribbean, Celebrity Cruises and Disney Cruises have all diverted vessels away from the popular tourist city of Puerto Vallarta, Mexico amid escalating ...
Over 150 Reported Ill on Star Princess
By Kathryn Stone 2015-05-12 15:21:37 Over 150 people have been reported ill on the Star Princess, the latest cruise ship afflicted by an outbreak of norovirus. The 108,800 gross ton princess vessel ...
Iranian Warship to Escort Yemen Bound Ship
By Reuters 2015-05-12 13:33:51 Iranian warships will accompany a cargo ship bound for the Yemeni port of Hodaida, which is held by Iran-allied Houthi fighters, a naval commander was quoted as saying ...
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