News

Diana Shipping  has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Post-Panamax dry bulk vessels, the m/v Amphitrite. The gross charter rate is US$11…

Master Plans have been prepared for all the 12 major ports  in India under Sagarmala Programme, and 142 port capacity expansion projects with total cost: Rs. 91,434 Cr (USD 14.25 billion) and capacity of 884 MTPA have been identified for implementation over the next 20 years.

Located 100 miles northwest of Barrow, Alaska, the crew of the 225-foot buoy tender out of Sitka was on a mission to support marine mammal research conducted by Josh Jones, a graduate student researcher at the Scripps Institution of Oceanography (SIO) ...

The Lake Carriers’ Association (LCA) reported that shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 6.4 million tons in July, an increase of 14.7 percent compared to a year ago., yet 2.3 percent below the month’s five-year average. Shipments from U.S.

Maritime Administration Executive Director Joel Szabat joined federal, state and local officials and environmental groups to mark the completion of an agreement to remove 57 non-retention vessels from the Suisun Bay Reserve Fleet (SBRF) by September 30...

A second high speed passenger ferry contract has been awarded to Aulong Shipbuilding, a joint venture company formed by Austal Limited and Guandong Jianglong Shipbuilding of Zhuhai, China. Aulong has been awarded a A$5.6 million (US$4.4 million)…

The U.S. Senate has confirmed Mark H. Buzby as the new administrator of the Maritime Administration (MARAD). MARAD executive director Joel Szabat had been serving in lieu of the administrator following the departure of outgoing administrator Paul “Chip” Jaenichen.

When Elisabeth Tørstad took the helm as CEO of DNV GL - Oil & Gas in late 2013, the price of a barrel of NYMEX (WTI) crude oil was more than $100. Today, that price has been halved, and the 40-month period between her ascension to the top post…

More than 100 years after the sinking of the RMS Lusitania, divers have recovered yet another artifact from the wreckage of the historic ocean liner. The Lusitania was sailing from New York to Liverpool on May 7, 1915 when it was torpedoed by a German ...

For thousands of years sailors have looked out to sea, anticipating the motion of their craft from the waves they see coming. The nature of this constant motion, phasing in and out with the groups of waves, influences the safety of operations…