News


Ultrapetrol Regains Nasdaq Compliance

Transportation company Ultrapetrol (Bahamas) Ltd. regains compliance with the Nasdaq $1.00 per share minimum bid price requirement. Ultrapetrol is an industrial transportation company serving the marine transportation needs of its clients in the markets on which it focuses.

US Navy Contract for National Steel & Shipbuilding

National Steel and Shipbuilding Co., San Diego, Calif., awarded a US$107,994,835 contract for work on 'USS Essex' dry docking maintenance program. The new contract is a modification to previously awarded

China-built Supramax Delivered to Ugland

'MV Star Norita', a 58,000 dwt supramax bulk carrier named and delivered from Tsuneishi (Zhoushan) Shipbuilding Inc., China. The vessel is a sister of the recently delivered Isabelita, Bonita and Kristinita of the TESS 58 design.

DNV to Class World's First LNG FPSO

DNV has been contracted to class the Petronas LNG FPSO (Floating Production, Storage, Offtake) vessel to be built by Korea's DSME. The unit will be built by DSME in Korea and is destined for the Kanowit field offshore Sarawak, Malaysia.

Harvey Gulf Buys 9 Bee Mar OSV's & to Stretch 5

Harvey Gulf International Marine closes its asset purchase purchase deal with Bee Mar LLC. The purchase price for the all-cash sale of Bee Mar's nine Offshore Supply Vessels was US$243-million. Harvey

Maritime Trends: 2020 & Beyond

If hindsight is 20/20, then one might assume that predicting future market trends to the year 2020 is a severely myopic endeavor. As most in the maritime industry can attest, the clarity of future regulations is often only crystallized by the most recent disaster and resultant rules.

Going Green for the Green

Fuel cost is the primary driver of today’s push to go “green.” While the side benefits extend much further, industry nevertheless moves ahead with extreme caution.   Shipping lines trying to stay a

First Person: Whales & ROVs in Patagonia

Several years ago I found myself on a tourist boat that carries out whale watching tours in Península de Valdés, Patagonia, Argentina. This location became famous over the last 30 years, due to the massive

WISTA Conference Focuses on Shipping’s Challenges

Women’s Sea Congress Looks at the Future The Women’s International Shipping and Trading Association (WISTA) conference program scheduled to be held in Paris October 3-5 will focus on issues facing shipping today.

Maitland Pinpoints Global Shipping's Woes, Solutions

Clay Maitland is a ubiquitous figure in the global shipping circuit, never shy to share his accrued maritime experience of more than 40 years, ask the tough questions or supply the blunt opinion. Set to celebrate his 70th birthday later this year but not slowing a step,

Halpin Joins UTEC US Team

UTEC appointed Sean Halpin as Global AUV Manager and US Geophysical Manager. A graduate of the esteemed Maine Maritime Academy, Sean began working with hydrographic survey equipment at the age of 18.

Report: Maersk to Reduce Capacity, Raise Rates

According to a report in the Wall Street Journal, A.P. Moller-Maersk A/S is set to address the continued sluggish global trade numbers by reducing its capacity and raising rates, in addition to more slow-steaming