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ESG Completes First OPC Milestone On Schedule, Within Budget

A depiction of the U.S. Coast Guard's Offshore Patrol Cutter design (CREDIT: ESG)

Panama City, FL, Eastern Shipbuilding has successfully completed its Initial Critical Design Review (ICDR) milestone with the United States Coast Guard on 21 July, 2017 for the Offshore Patrol Cutter (OPC) Program.

Bynum Elected Harbor Commission President

Lou Anne Bynum, Board President

Egoscue named Vice President of Port's governing Board.   The Long Beach Board of Harbor Commissioners elected Lou Anne Bynum as its new Board President and Tracy Egoscue as Vice President on Monday,

ABS, Industry Partners to Advance Autonomous Shipping

Photo: ABS

ABS joined the Unmanned Cargo Ship Development Alliance to work with industry partners, including class organizations, shipyards, equipment manufacturers and designers to advance autonomous shipping.

Shipbuilding

Japan Bank Finances Danish Shipper

Photo: Japan Bank for International Cooperation (JBIC)

The Japan Bank for International Cooperation (JBIC) will provide a total of $28.3 million in

Shanghai to Spend $740 million on Cruise Ship Park

A Shanghai district government plans to spend about 5 billion yuan ($739.97 million) to develop a cruise ship industrial park to house foreign firms that it hopes will help build

France to Nationalize STX if Italy Deal Fails

File Image (CREDIT: AdobeStock / (c) Burnel11)

French govt has made 50/50 ownership offer to Italy; Minister says offer on the table until

Contracts

Oil Rebounds on Impact of U.S. Crude Drawdown

File Image (CREDIT: AdobeStock / (c) Leeylutung)

U.S. crude stocks drop 7.2 million barrels in week - EIA.   Oil prices rose to near eight-week

Baltic Index Falls as Capesize Rates Sag

File Image (CREDIT: AdobeStock / (c) Lukasz Z)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk

Costamare Adds Three Vessels

Image: Costamare Inc.

Costamare accepted delivery of three second hand vessels during the last quarter ended June 30

Technology

North Sea Terminal Bremerhaven Upgrades to Navis N4

Photo: Navis

North Sea Terminal Bremerhaven (NTB) has upgraded its terminal operating system from Navis

Simrad, Patti Marine Partner on Vessel Bridge Suite

Photo: Simrad Commercial

Simrad Commercial, in partnership with Patti Marine Enterprises, has announced the latest vessel

Singapore Invests in SatCom to Enhance Maritime Safety

Image: Maritime and Port Authority of Singapore

Maritime and Port Authority of Singapore (MPA) and Civil Aviation Authority of Singapore (CAAS)

Legal

Harren & Partner to Acquire SAL Heavy Lift

Photo: SAL Heavy Lift

Bremen-based shipping company Harren & Partner and "K" Line, Tokyo, have reached an agreement for

Diana Containerships Announces 1-for-6 Reverse Split

Photo: Diana Containerships Inc

Diana Containerships, a global shipping company specializing in the ownership of containerships

ReCAAP, OCIMF Sign Asian Anti-Piracy MoU

ReCAAP Information Sharing Centre Executive Director Masafumi Kuroki (L) and OCIMF Director Andrew Cassels affirm shared interest and collaboration with MOU. Photo provided by ReCAAP Information Sharing Centre

The safety of navigation is vital to the safety, security and economic activities of all

People & Company News

Hyundai Merchant Marine Seeks USD 8.9 bln from KDB

Image: Hyundai Merchant Marine

Hyundai Merchant Marine (HMM) requested the Korea Development Bank (KDB) to support with a total

Navios Group Rolls Out Containers Division

Photo: Navios

Navios Group has  launched Navios Containers, a vehicle dedicated to the container sector.

Safe Bulkers Reports 2Q Loss, Buys Newbuild

Photo: Safe Bulkers

Safe Bulkers has reported a loss of $1.6 million in its second quarter ended June 30

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