Monthly Archives: March 2017

East Libyan forces carried out air strikes around major oil ports on Saturday as they sought to regain control of the area from a rival faction, a military spokesman said. The eastern-based Libyan National Army (LNA) and allied forces retreated on Friday from Es Sider and Ras Lanuf…

Steve Roth has been promoted to President of Seaspan Ferries Corporation (SFC). In this position, Steve will continue to have the primary accountability for the overall performance of the SFC business unit, including management of day-to-day operations of SFC…

Shipping Financier DVB Bank reported a consolidated net loss before taxes of EUR 135.3 million ($142.4 miln) for 2016 (previous year: consolidated net income of EUR 46.1 million). Since DVB Bank SE, the parent company of the DVB Bank Group,…

Clarksons Research discusses about the emerging trends in China which is at the heart of the world’s seaborne trade. In 2015 the Chinese economy saw both a slowdown in growth and a significant degree of turbulence. GDP growth slowed from 7.3% in 2014 to 6.9%.

​Practical training on board ships for port State control officers, supported by class-based lectures, has boosted knowledge amongst participants from eight countries during a training course in Muscat and Sohar, Oman (19 February -2 March).

International Maritime Organization (IMO)'s work to mitigate greenhouse gas emissions from international shipping has conducted in Mumbai, India with a train-the-trainer course on energy-efficient ship operation. The course (28 February – 3…

Nordic American Offshore (NAO) has closed the follow-on offering of 40,000,000 common shares at a public offering price of $1.25 per share resulting in aggregate net proceeds of approximately $47.7 million. The proceeds could be slightly in excess of $50 million…

The United Kingdom Accreditation Service (UKAS) has announced which companies will be able to provide verification services to shipowners as part of EU MRV Regulation 757/2015. The EU Monitoring, Reporting and Verification regulation, which came into force in 2015…

Container trade on intra-Asian routes accounts for a significant proportion of global seaborne container trade, and in 2016, growth in intra-Asian box trade accelerated notably, helping to generate a healthier demand environment in the boxship sector, ...

Vigor Marine LLC, Portland, Oregon, is being awarded a $10,268,877 firm-fixed-price contract for a 45-calendar day shipyard availability for the regular overhaul and dry docking of USNS Matthew Perry (T-AKE 9). Work will include clean and gas-free tanks…