The cruise industry is expected to stay on course for further growth in 2018, according to the latest State of the Cruise Industry Outlook report from trade association Cruise Lines International Association (CLIA). “It is without question that the cruise industry continues on a growth trajectory…
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USCG Begins Icebreaking in the Western Great Lakes
U.S. Coast Guard Sector Sault Sainte Marie has commenced icebreaking Operation Taconite in response to expanded ice growth in the commercial ports of western Lake Superior and the lower St. Marys River. Before ice impedes commercial navigation, icebrea...
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Asian LNG Spot Prices Jump after European Gas Outages
Asian liquefied natural gas (LNG) spot prices jumped this week in reaction to volatile price spikes on European gas markets and ongoing demand from the region's major consumers. Spot prices for January delivery hit $10.50 per mmBtu, 40 cents above last week…
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Det Norske Veritas is DNV GL’s Majority Owner Now
The Foundation Det Norske Veritas (DNV) assumes full ownership of DNV GL and remains committed to Maritime headquarters in Hamburg. Stiftelsen Det Norske Veritas (The Foundation) and Mayfair announce the sale of Mayfair’s 36.5% shares in DNV GL Group AS to DNV Holding AS.
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INS Kalvari Commissioned into the Indian Navy
The Prime Minister of India, Narendra Modi commissioned INS Kalvari (S-21), the first of the six Scorpene class submarines built under Project 75 (Kalvari Class) into the Indian Navy at an impressive ceremony held at Naval Dockyard, Mumbai on 14 December 2017.
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ECSA, UK Chamber Urge Speedy Brexit Trade Negotiations
The European Community Shipowners’ Associations (ECSA), of which the UK Chamber is a member, have sent a letter to the EU’s chief negotiator Michel Barnier, urging the EU for “rapid and positive” progress in trade talks with the UK. The European…
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BIMCO, CIRM Propose Software Maintenance Standard for Shipping
BIMCO and the international association for the marine electronics industry, CIRM (Comité International Radio-Maritime), have sent the industry’s first proposal for an industry-wide standard for software maintenance to the IMO for consideration.
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MPA Pumps USD 8.9mln More to Promote Singapore’s LNG Bunkering
The Maritime and Port Authority of Singapore (MPA) has injected another S$12 million (USD 8.9mln) to boost Liquefied Natural Gas (LNG) bunkering in the Port of Singapore. Half of this S$12 million has been set aside to co-fund the building of…
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Navios Completes Acquisition of Four Containerships
Navios Maritime Containers, a growth vehicle dedicated to the container sector, announced today that it has taken delivery of four 2008-built Panamax containerships. These vessels are employed on charters with a net daily charter rate of $27,156.
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Keeping the Red Sea Clean
In continuing its work to keep the oceans clean, International Maritime Organization (IMO) encourages member countries to ratify and enforce the London Protocol to prohibit dumping at sea. As part of such efforts, a seminar was held in Djibouti City…
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