News


Jee Announces Expansion for UK Growth

Jee Ltd, an indepenedent multi-discipline engineering and training firm, has announced further plans for expansion to accommodate the company’s growth strategy and the creation of 150 new jobs in the UK.

Port Executive Program Welcomes New Members

The CPE Certified Port Executive Program welcomed four new graduates at the completion of their program in Ottawa September 21, 2012.   Receiving certificates were:     Jean-Claude Dugas, Vice President Finance,

Bank Considers EEDI When Making Ship Finance Decisions

The German KfW IPEX-Bank evaluates energy efficiency of its merchant shipping portfolio, sees EEDI a key indicator of economic advantage. KfW IPEX-Bank, one of the largest ship financing banks in the world,

Greek Ferries Chartered Out to Ease Cash Flow

Several Greek coastal shipping firms have resorted to chartering their ferries on foreign routes in order to secure some liquidity and continue operating. Companies believe that their smooth operation

Container Ships Must Alter Course for Profitabality Says Report

Container carriers can recover from the losses they suffered in recent price wars by adopting more disciplined business practices, says a new report. The recently published report by The Boston Consulting

Samsung Heavy to Build Ocean Rig UDW Drillship

Ocean Rig UDW Inc. sign contract for Samsung Heavy Industries to construct a 7th Generation Ultra Deepwater (UDW) Drillship. This 7th Generation drillship is a sister ship to the three currently under construction at Samsung, and is scheduled to be delivered to the company in January 2015.

Wärtsilä Wins PSV BWT Contract

Wärtsilä wins contract to supply AQUARIUS® UV ballast water management systems to four Tidewater Marine Platform Supply Vessels (PSV). The scope of supply for the vessels, due for delivery from the COSCO (Guangdong) Shipyard in 2014,

Aker Solutions Open Malaysian Subsea Service Base

The service base, situated in Labuan, Malaysia, is to support all installed and future shallow and deepwater projects within the Asia Pacific region. An opening ceremony was held recently at the new site and was officiated by Dave Hutchinson,

Northern Sea Route Cargo Record Already Broken

Cargo transport between Asia and Europe on the Northern Sea Route (NSR) has reached the one million tons milestone. The total cargo transported on the NSR is already almost 200 000 tons more than in last year’s season, updated numbers from Rosatomflot show.

Charterer's Energy Initiative Faulted by Intercargo

Recent decision by three large charterers only to use relatively energy efficient vessels attacked by bulk carrier owner's group Intercargo. Cargill, Huntsman Corporation and UNIPEC UK, who together charter over 350 million tonnes of commodities annually,

'Big E' Makes Final Suez Canal Transit

Aircraft carrier USS Enterprise (CVN 65) has made what is most probably her last Suez transit on way back to US Naval Base, Norfolk. On April 29, 1986, Enterprise did something that no other nuclear-powered carrier had ever done - she transited the Suez Canal,

Hired Guns Taming Somali Coast

Many ships unwilling to wait for warship-escorted convoys now use a detachment of 4 or 5 armed guards as they transit pirate high-risk areas. At the moment there's a booming market in security guards for merchant ships plying the waters off Somalia and adjacent areas (Gulf of Aden,