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Ex-Daewoo Shipyard Head Gets 10 Years in Prison

Ko Jae-ho, the former head of the ailing South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME), has been sentenced to 10 years in prison by a lower court in Seoul over accounting fraud, Yonhap News Agency reports. The Seoul…

Ships, Ports and People to be World Maritime Day Theme

World Maritime Day 2017: Connecting ships, ports and people. The importance of coherent and connected development across all maritime sectors will feature strongly in IMO’s work this year, as the Organization focuses on its World Maritime Day theme “Connecting ships, ports and people”.

Höegh LNG Orders 4 FSRU from Samsung Heavy

South Korea's Samsung Heavy Industries Co has won one firm Shipbuilding Contract (SBC) and an agreement for three optional  floating storage and regasification units (FSRUs) from Hoegh LNG Holdings. Under the deal with Norway-based Hoegh LNG Holdings Ltd.…

Yang Ming Rules Out Merger

The chairman of  Taiwan's Yang Ming Bronson Hsieh has ruled out a merger with a boxship rival. According to him, the world's ninth-largest shipping firm has never considered the possibility of merging with another operator and does not intend to do it now.

IMO Welcomes Financial Security Obligations for Seafarers

International Maritime Organization (IMO) Secretary-General Kitack Lim has welcomed the entry into force today (18 January) of new obligations under the Maritime Labour Convention (MLC 2006) which require shipowners to have compulsory insurance to cover abandonment of seafarers…

Govt Okays India-UAE Pact on Maritime

Indian Union Cabinet chaired by the Prime Minister Narendra Modi has approved the Memorandum of Understanding (MoU) between India and the United Arab Emirates on Institutional Cooperation in Maritime Transport. The proposed MoU will pave way for facilitation and promotion of maritime transport…

World Energy Trends: What’s New in Floating Production

Oil pricing continues to hover in the mid-$50s, market confidence is slowly returning and the production floater fabrication market is stirring. A major order for a production semi was placed in early January -- with Samsung receiving a contract…

Wärtsilä to supply 150 MW power plant to Bangladesh

Wärtsilä will supply a 150 MW Smart Power Generation plant to Ace Alliance Power Limited, a special purpose company owned by the Summit Group of Companies in Bangladesh. The order comprises eight Wärtsilä 50 and one Wärtsilä 32 engines. Show More Summary

TechnipFMC Begins Operations Post-merger

TechnipFMC has begun operating as a unified oil and gas services company following completion of the merger of Houston-based FMC Technologies and paris-based Technip. Now with a combined 44,000 employees, the new TechnipFMC will work on oil and gas projects…

U.S. Judge Approves Hanjin Terminal Sale

10 hours agoVehicles / Watercraft : gCaptain

By Jim Christie SAN FRANCISCO, Jan 18 (Reuters) – Bankrupt South Korean shipping line Hanjin Shipping Co Ltd won U.S. court approval at a hearing on Wednesday for the $78 million sale of its stake in U.S. terminal operator Total Terminals International LLC, overcoming objections of container companies. Show More Summary

Today Marks Ten Years Since MSC Napoli Ran Into Trouble in the English Channel

10 hours agoVehicles / Watercraft : gCaptain

Today marks ten years since the UK-flagged MSC Napoli ran into trouble in the English Channel, setting off what is probably the largest maritime salvage job in UK history after the ship was intentionally grounded and broken up off the Devon coast. Show More Summary

Odebrecht Tries Again to Shed Colombia River Stake

Brazilian construction conglomerate Odebrecht is looking to dispose of its entire stake in Colombia's Magdalena River navigability project, as the company battles corruption allegations across Latin America, an official told Reuters. Odebrecht…

Hanjin Shipping's Sale of Total Terminals Okayed

Bankrupt South Korean shipping line Hanjin Shipping Co Ltd won U.S. court approval at a hearing on Wednesday for the $78 million sale of its stake in U.S. terminal operator Total Terminals International LLC, overcoming objections of container companies. "My decision is to approve the sale," U.S.

Shell Bolsters Offshore Wind Interests with Bid in U.S. Tender

Royal Dutch Shell has been shortlisted by the U.S. government to make a bid for an offshore wind project licence in the waters off North Carolina, as it comes under pressure from shareholders to diversify into green energy. Shell, as well as Norway's Statoil…

Oil and Trump: Russians Full of Optimism in Davos

What a difference a year makes. Twelve months ago, the mood of the Russian delegation at the World Economic Forum in Davos was distinctly gloomy, with oil prices near 12-year lows below $30 per barrel and Western sanctions depressing their economy and financial markets.

NIL Supplies GenSet for FDNY Fireboat

A marine power generation and climate control products manufacturer Northern Lights, Inc. (NLI) has  announced  completion of a 235kW Commercial Series generator set for the Fire Department of New York. The unit – M235C13.11NYFD – was built…

Optimizing Aberdeen's Harbour Expansion Design

A £350m ($431m) development plan to expand Aberdeen Harbour was approved on December 19, 2016. HR Wallingford has been involved in the project from its initial concept stages in 2010, and will be working with Aberdeen Harbour Board right through to construction…

Worldwide Ferry Safety Association 2017 Conference

“2017 may be the global breakout year for ferries,” says Dr. Roberta Weisbrod, Chief Executive of the Worldwide Ferry Safety Association (WFSA). She takes this viewpoint because of the tremendous expansion of ferries in India, Philippines, Thailand…

First Philippines-Built VLCC Delivered

11 hours agoVehicles / Watercraft : gCaptain

US-based crude oil shipping company Gener8 Maritime has taken delivery of the VLCC Gener8 Hector from Hanjin Heavy Industries and Construction’s Subic Shipyard in the Philippines. The vessel marks the first Very Large Crude Carrier ever constructed in the Philippines. Show More Summary

Britain’s Maritime Sector Can Be ‘Greater Than Imagined’, Says UK Shipping Minister

11 hours agoVehicles / Watercraft : gCaptain

(LISW) – The UK Government’s purpose is for Britain’s maritime sector to be as great as it can be and to be “greater than we imagined possible over recent years,” according to the UK’s Shipping & Ports Minister. And he issued a challenge...Show More Summary

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