Monthly Archives: March 2017

German container shipping firm Hapag-Lloyd forecast on Friday an improvement in operating earnings this year due to an increase in freight rates. "We expect some market improvement in 2017, but our success will largely depend on our ability to achieve more sustainable freight rates…

Asian spot LNG prices fell this week on poor demand from major gas-consuming regions despite a slew of new purchase tenders. The May spot LNG contract fell by $0.25 cents to $5.40 per million British thermal units (mmBtu), with new production coming on...

The National Air and Naval Service of Panama (Servicio Nacional Aeronaval - SENAN) has taken delivery of four Interceptor 1102 vessels from Damen Shipyards Group. The President of Panama, Juan Carlos Varela, performed the christening ceremonies of all ...

U.S. Coast Guard Station Sandy Hook oversaw the transfer of 95 passengers from a grounded ferry, the Whaling City Express, Thursday, near Highlands, New Jersey. At approximately 11:15 p.m., watchstanders at Sector New York Command Center were…

Subsea 7 said it was awarded a contract by BP as part of the deepwater Mad Dog 2 development, located approximately 190 miles south of New Orleans. The contract scope covers engineering, procurement, construction and installation (EPCI) of the subsea umbilicals…

A total of 5,300 gallons of Sherwin-Williams Protective & Marine Coatings ensures that one of Washington’s most valuable assets will provide service for years to come. With a longstanding history of ferry operation in the Puget Sound, Washington…

The search for an American cruise ship passenger who fell overboard 33 miles off the Cuban coast has been suspended after more than 16 hours of searching. The U.S. Coast Guard called off its search Thursday evening for 23-year-old Florida resident Brandon Paul…

Marcia Kull has been named President of Torqeedo Group, Inc., and will direct global sales and strategy for the electric and hybrid marine propulsion systems manufacturer. Kull will oversee Torqeedo’s growth activities in the Americas, EMEA and Asia-Pacific regions.

Goltens was contracted by a large cruise vessel owner to undertake the installation of two exhaust gas scrubbers on one of its ships to comply with sulfur emissions regulations. The vessel is powered by four GMT/Sulzer 16ZAV40S and two GMT/Sulzer 12ZAV...

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, closed at its highest level in more than four months, helped by stronger rates across all vessel segments. The overall index, which factors in rates for capesize…