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Frustrated Shippers Say No End in Site to Barge Congestion at Northern European Ports

By Alexander Whiteman (The Loadstar) – Shippers say they feel powerless over the barge congestion crisis in northern Europe – one believing there may be no early solution. Stanley Black & Decker’s senior transportation manager for EMEA-ANZ, David Lenaers, told The Loadstar congestion at Antwerp had been a problem since last year. Show More Summary

Diana Shipping Bulk Carrier Runs Aground in Indonesia

A Diana Shipping bulk carrier has suffered hull damage after running aground in Indonesia, the company confirmed Wednesday. The Panamax bulker MV Melite ran aground at Palau Laut, Indonesia, temporarily interrupting service, according to a press release published on its website. Show More Summary

Macron’s Step to Nationalize Shipyard Spooking Outsiders

By Helene Fouquet and Mark Deen (Bloomberg) — As first steps go, President Emmanuel Macron’s decision Thursday to nationalize a shipyard is as French as it gets. The move, aimed at blocking Italy’s Fincantieri SpA from taking control...Show More Summary

NTSB Report Details Lessons Learned from 27 Major Maritime Accidents

The National Transporation Safety Board has released a publication detailing lessons learned from 27 major, maritime accidents involving loss of life, injuries and property damage. The annual publication, known as the Safer Seas Digest, is a compendium of the marine accident reports that the agency adopted or issued during calendar year 2016. Show More Summary

Marine Jet Power, Horizon Ink Sales & Service Pact

Marine Jet Power, Inc. (MJP) and Horizon Shipbuilding, Inc. (Horizon) announced that they have signed an agreement for Horizon to become the newest sales and service provider in the Gulf of Mexico. The Master Sales and Service Agreement names…

France Nationalizes Shipyard to Thwart Italian Majority

France will temporarily nationalise the STX France shipyard to prevent an Italian firm taking majority control, the economy minister said on Thursday, marking President Emmanuel Macron's first big industrial policy decision. As France's most avowedly pro-business leader in decades…

Philly Shipyard Delivers Latest LNG-Ready Tanker to APT

Jones Act shipbuilder Philly Shipyard, the sole operating subsidiary of Philly Shipyard ASA (Oslo: PHLY), has delivered the LNG-ready American Liberty, the third of four next generation 50,000 dwt product tankers that it is building for American Petroleum Tankers (APT), a subsidiary of Kinder Morgan, Inc. Show More Summary

Saudis Stop Tankers From Entering Yemen, UN Says

A Saudi-led military coalition and the government of Yemen denied four oil tankers access to a Yemeni port last week, a move that could hurt the flow of aid and exacerbate a cholera outbreak in the country, a United Nations agency said. The vessels were on their way to Hodeidah…

Brookfield to Acquire 60% Stake in Teekay Offshore

Canadian investment firm Brookfield Business Partners announced plans to acquire 60% of Teekay Offshore Partners, a leading global provider of marine services and solutions focused on production and logistics to the offshore oil industry. Show More Summary

France Nationalizes STX Shipyard to Stave Off Italian Majority

By Leigh Thomas and Myriam Rivet PARIS, July 27 (Reuters) – France will temporarily nationalize the STX France shipyard to prevent an Italian firm taking majority control, the economy minister said on Thursday, marking President Emmanuel Macron’s first big industrial policy decision. Show More Summary

Matson to Start U.S. Flag Marshall Islands Route

Matson has announced that it will introduce a new direct U.S. flag service between Honolulu and the Republic of the Marshall Islands ("RMI") that will shorten cargo transit times to the RMI from the U.S. mainland by as many as eight days. The…

Kirby Announces 2Q Results

Kirby Corporation (NYSE: KEX) has announced net earnings attributable to Kirby for the second quarter ended June 30, 2017 of $25.8 million, or $0.48 per share, compared with $38.9 million, or $0.72 per share, for the 2016 second quarter. Second…

Diana Shipping's Vessel Melite Grounds off Indonesia

Greek dry bulk owner Diana Shipping's Panamax bulk carrier, Melite, has been temporarily disrupted due to a grounding incident at Pulau Laut, Indonesia. "The employment of one of its Panamax bulk carriers, the m/v Melite, has been temporarily disrupted due to a grounding incident at Pulau Laut…

Italy Mulls Deployments in Libyan Waters

Tripoli government invited Italy into its waters; some 600,000 boat migrants have come to Italy since 2014. Italy intends to deploy several ships in Libyan waters by the end of August to fight human trafficking and stem a flood of immigrants, a government source said on Thursday.

Baltic Index Down Again on Broad Weakness

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Thursday for a second straight day, on weaker rates across all vessel segments. The overall index, which factors in rates for capesize…

Hyundai Merchant Marine Seeks USD 8.9 bln from KDB

Hyundai Merchant Marine (HMM) requested the Korea Development Bank (KDB) to support with a total of 9.9 trillion won (US$8.9 billion) in funds until 2022  to grow into the 8th largest global shipping company in the future, Business Korea reported.

Harren & Partner to Acquire SAL Heavy Lift

Bremen-based shipping company Harren & Partner and "K" Line, Tokyo, have reached an agreement for Harren & Partner to acquire German carrier SAL Heavy Lift today (27 July 2017). SAL will become the new dominant player in the super heavy lift segment (900 t to 2,000 t crane capacity).

North Sea Terminal Bremerhaven Upgrades to Navis N4

North Sea Terminal Bremerhaven (NTB) has upgraded its terminal operating system from Navis Express to the N4 terminal system. NTB is one of Europe's busiest and most important container terminals, handling about 3.2 million TEUs annually via continuous 24/7 operations.

EMP Aquarius MRE Prepares for Sea Trials

Eco Marine Power (EMP) has begun preparing for sea trials of its Aquarius Marine Renewable Energy (MRE) solution in co-operation with strategic partners and ship owner Hisafuku Kisen K.K. of Onomichi, Japan. This preparatory work will lead to…

Japan Bank Finances Danish Shipper

The Japan Bank for International Cooperation (JBIC) will provide a total of $28.3 million in syndicated loans with French bank BNP Paribas to help a major Danish shipping operator’s unit buy cargo vessels to be built by leading Japanese shipbuilder Imabari Shipbuilding, Jiji Press  reported.

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