Yearly Archives: 2016

Subsea 7 S.A. today announced the award of a sizeable(1) contract by Centrica for the Oda field in the Norwegian North Sea. The Oda oil field (previously called Butch) was discovered in 2011 in the southern part of the Norwegian North Sea, approximatel...

The Union Cabinet of India, chaired by the Prime Minister, Narendra Modi has approved  the Major Port Authorities Bill, 2016, a move aimed at bringing greater efficiency and professionalism in governance of ports through full autonomy in decision…

ReCAAP ISC has published its monthly report on piracy and armed robbery against ships in Asia. In November 2016, a total of 10 incidents were reported, of which six were actual incidents while four were attempted incidents. Of the six actual incidents…

The Danish Shipowners' Association, the Ministry of Environment and Food of Denmark and the Ministry of Industry, Business and Financial Affairs have concluded a partnership. "The Danish Shipowners' Association, the Ministry of Environment and Food of Denmark and the Ministry of Industry…

The Philippines-based Islamist group ASG has conducted tens of attacks against vessels in the Sulu and Celebes seas since March 2016, although since October it has increasingly targeted larger commercial vessels, heightening the risk to global shipping in the region…

During the City Trade Mission to Seoul, Antwerp Port Authority signed a Memorandum of Understanding with KITA, the Korea International Trade Association. With 77,000 member companies KITA represents Korea's international trading community. The…

Dr Andrew Garrad, the co-founder of Garrad Hassan, has announced he will retire from DNV GL on 23 December 2016. Following the merger between DNV and GL Garrad Hassan two years ago, Andrew ceased to play an active operational role in the company…

Ocean freight rates for cargo moving under contracts on the major East-West trade routes saw a reversal of trend in 4Q 2016, according to Drewry’s Benchmarking Club, a closed user group of 50 multinational retailers and manufacturers who closely monitor their contract freight rates.

On the November 25, 2016 Europe Technologies Group signed a Memorandum of Agreement with the Shipbuilding and Repair Development Company of Trinidad and Tobago Limited in Nantes, France. This Trinidad-based ship repair arrangement with the expert…

According to the Port of Los Angeles, containerized cargo flowing through the port surpassed all-time volumes for a Western Hemisphere port for the second consecutive month. Port of Los Angeles terminals processed 877,564 Twenty-Foot Equivalent Units (TEUs)…