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Transas CEO Coles Speaks on the Future for Seafarers
A message from Frank Coles, CEO of Transas on the International Day of the Seafarer. On this day of recognition, I would like to celebrate the women and men who commit their careers and their lives to being at sea for extended periods of time.
India's LNG Market to Reach USD 30.7bln by 2025
India Natural Gas and LNG market is expected to grow from US$ 19.7 billion in 2015 to US$ 30.7 billion by 2025 at a CAGR of 5.06% between 2016 and 2025. According to a report by Research and Markets,
SHIPS Act: 355 Ship Navy Gets Legislative Mandate
The push to rebuild the U.S. Navy received a boost today when U.S. Senator Roger Wicker, R-Miss., and Congressman Rob Wittman, R-Va., introduced bicameral, bipartisan legislation that would make it the
Shipbuilding
New 11,000 TEU Ship Enters Service for Zim
The newly built 11,000 TEU vessel Cape Sounio owned by Costamare has been deployed on Zim’s Asia
Viega: Maintaining the Flow
Viega Group has a history spanning more than 115 years and today is more than 4,000 employees
Metal Shark Wins $54 Mln US Navy Contract
Louisiana-based shipbuilder Metal Shark said it has been awarded a contract worth up to $54
Contracts
Korea Line Signs USD 1.15 bln LNG Shipping Deal from KOGAS
Korea Line Corporation (KLC) has secured a KRW 1.27 trillion (USD 1.1 billion) contract to
KOGAS to Receive first Cheniere LNG Cargo
KOGAS to receive first LNG cargo from Cheniere in July; this marks start of 20-year supply contract.
Diana Shipping in Time Charter Contract for Clio with Phaethon
Diana Shipping has announced that, through a separate wholly-owned subsidiary, it has entered
Technology
MOL-MES Joint Development Next-generation Vessel Monitoring System
Mitsui O.S.K. Lines (MOL) announced an agreement with Mitsui Engineering & Shipbuilding (MES) to
YPF Says Technology Lowering Its Shale Costs
Longer horizontal wells and technology improvements will help Argentine state-run oil company YPF SA lower costs at its most productive shale field, but better infrastructure is
Trelleborg Acquires Automated Dynamics
Trelleborg said it has, through its business area Trelleborg Sealing Solutions, signed an agreement to acquire the U.S.-based privately-owned Automated Dynamics
Legal
Shipping Firms Pay $1.9 Mln for Pollution Cover-up
Two shipping companies based in Egypt and Singapore will pay $1.9 million in penalties after pleading guilty in federal court to violating the Act to Prevent Pollution from Ships
Noble Group Gets Debt Lifeline
The striggling commodities giant Noble Group has secured a 120-day extension for its USD 400
Glencore to Respond after Rio Favours Yancoal Bid
Glencore on Tuesday said it would review its options after Rio Tinto said it was sticking to a recommendation of China-backed Yancoal as the preferred buyer of its Coal & Allied
People & Company News
Sunday is the Day of the Seafarer
On Sunday, 25 June, seafarers are in focus. This date has been dedicated to seafarers as United
Abandonment of Seafarers on Agenda
Seafarer abandonment was the subject of a seminar held at International Maritime Organization
Barkerding Elected Port NOLA Chairman
The Port of New Orleans Board of Commissioners has elected Robert R. Barkerding, Jr.