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China’s Iron Ore Bargain-Hunting Wins Reprieve for Shipping… For Now

By Naomi Christie (Bloomberg) — The bear market in iron ore is sending Chinese steel mills on a bargain hunt and giving shipping companies their best rates this year. Analysts and brokers are already warning the good times won’t last. Show More Summary

Russian Submarine Wreck Found Off Sweden Has Probably Been There for Decades

  By Elias von Hildebrand STOCKHOLM, July 28 (Reuters) – A submarine wreck discovered off the eastern coast of Sweden probably dates from World War One rather than last year when the military hunted for a suspected Russian submersible, the Swedish armed forces said on Tuesday. Show More Summary

Dubai’s DP World Kicks Off $1.6 Billion Jebel Ali Port Expansion

  By Tom Arnold DUBAI, July 28 (Reuters) – DP World, one of the world’s largest port operators, has started building a new $1.6 billion container terminal in Dubai in response to demand for more capacity and larger vessels, it said on Tuesday. Show More Summary

Diesel Spill Closes Section of Houston Ship Channel

A small but busy section of the Houston Ship Channel was closed Tuesday morning after a report of a diesel spill in Greens Bayou. Update: The section of channel was reopened after about 2 hours.  The Coast Guard says it received a report at about 7:13 a.m. Show More Summary

Threading the Needle

Key West Race Week in January 2000 was one of the largest keelboat sailing regattas in the world at the time. There were more than 300 racing sailboats on the island for the event. Authors: Capt. Steve Creel read more

Idreco Delivers Dredger for Hydro-Dam in Congo

Idreco (International Dredger Constructions) of the Netherlands informs it has designed, built and installed its second dredger, an ISD 600 with a digging depth of 30 meters,

BAE Systems Awards Software Contract to SENER

The Spanish company SENER, Ingeniería y Sistemas S.A has closed a contract with U.K.-based BAE Systems PLC for the integration between FORAN CAD/CAM System and

Hawboldt Secures Cape Sharp Tidal Winch Deal

A third Nova Scotian company has secured a multimillion dollar contract with the Cape Sharp Tidal project, which has potential to be the first grid-connected tidal array in the world.

Egypt to Allow 24-hour Access to East Port Said with New Waterway

Egypt plans to allow smaller vessels in the Mediterranean direct access to East Port Said around the clock instead of just eight hours a day by building a side channel near the Suez Canal,

New Research Vessel for University of New Hampshire

All American Marine, Inc. (AAM) has entered into a contract with the University of New Hampshire (UNH) for the design and construction of a new aluminum catamaran research vessel.

Self-lubricating Bearing Polymer: Safe, Easy to Machine

Many plastics and metallic alloys present machining challenges as some deform and are difficult to maintain exacting tolerances, while others require strict and

Voyager IP Wins Irish Navy Satellite Contract

Voyager IP, the Irish marine telecoms solutions specialist, has partnered with the Irish National Space Center to win a €500,000 contract to manage the entire satellite

Diesel Spill in Houston Ship Channel

A small section of the Upper Houston Ship Channel was closed Tuesday morning after a report of 1,000 gallons of diesel entered Greens Bayou from a cement facility, the U.

Carnival’s Costa Brand Orders Two LNG Cruise Ships

Costa’s two new cruise ships will be the largest ever built based on guest capacity; Costa will join sister brand AIDA Cruises in building the first-ever cruise

KEP Marine Unveils KMGBL

KEP Marine – the manufacturer of type approved displays, computers and peripherals, announced  the release of the affordable, high-quality KMGBL Glass Bridge Light Displays.

NewLead Holdings Announces Commercial Competency of MT Sofia

   NewLead Holdings Ltd.announced today a review of the commercial competency of one of its bitumen tanker vessels, the MT Sofia since the vessel was delivered to NewLead's fleet.

Scorpio Tankers to Acquire Product Tanker

  Scorpio Tankers Inc. announced today that it has entered into an agreement to purchase an MR product tanker. The Company reached an agreement with an

Statoil 2Q 2015 Earnings Slip

  Statoil delivered Adjusted earnings of NOK 22.4 billion and adjusted earnings after tax of NOK 7.2 billion in the second quarter. Statoil reported Net income in accordance with IFRS of NOK 10.

MOL's Barge Terminal in Bangkok

  Mitsui O.S.K. Lines, Ltd. today announced the signing of a Joint Venture Agreement with SahaThai Terminal Co.,Ltd., a container terminal operation company in Thailand,

Carrier for Kansai Electric Power Named LNG FUKUROKUJU

  Mitsui O.S.K. Lines, Ltd. today took part in a naming ceremony for the newbuilding liquefied natural gas carrier LNG FUKUROKUJU, which is co-owned by MOL and Kansai Electric Power Co.

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