Glory, the second Incat Crowther designed 27m catamaran ferry built by Gladding Hearn for MBTA of Boston has been delivered following on from sister ship Champion.When Champion was launched late last year, she was the 500th Incat Crowther designed vess...
Read more
CMA CGM Buys Stake in CSP Zeebrugge Terminal
French container carrier CMA CGM announced Friday it has acquired from CHINA SHIPPING Ports Development Co. Limited, a wholly-owned subsidiary of COSCO Group, a 10 percent equity interest in CSP Zeebrugge Terminal NV, through its wholly-owned…
Read more
Baltic Index Rises on Higher Capesize Rates
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Friday on higher capesize rates.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels…
Read more
Samson Launches Solution to Streamline MEG4 Transition
Samson, the developer of high-performance synthetic rope solutions and global market leader in commercial marine applications, has launched a new integrated technology and service solution, Icaria, designed to facilitate the transition process…
Read more
S.Korea LNG Imports Set to Ease from Record
South Korean imports of liquefied natural gas are set to ease from record levels racked up in the first-half of the year, with appetite for the fuel from utilities seen fading as a raft of nuclear power stations come back online.The country's…
Read more
Sembcorp Marine Swings to Q2 Loss
Singaporean rig builder Sembcorp Marine Ltd swung into the red in the second quarter, and cautioned a trend of negative operating profit would continue in the near term as overall business volume remains low.It turned in a loss of S$55.6 million ($40.6...
Read more
Thirteen Dead as Missouri Storm Sinks ‘Duck Boat’
At least 13 people including children drowned after a tourist "duck boat" sank during a storm on a lake in Missouri, and authorities were set to resume a search on Friday for other missing victims, Missouri Governor Michael Parson said.The sinking of v...
Read more
EU Must Speed Up Approvals of Asian Shipbeaking Yards
The European Union should step up its assessment of Asian shipbreaking yards to allow the effective implementation of the Hong Kong Convention, said Maritime Strategies International (MSI).In its MSI Foresight, the independent research and consultancy ...
Read more
Deep reefs won’t be ‘twilight zone’ refuge for fish, corals: study
Deep coral reefs in a "twilight zone" in the oceans differ sharply from those near the surface, dimming hopes that they can be a refuge for marine life fleeing threats such as climate change and pollution, scientists said on Thursday.
Read more
Mystery Egypt sarcophagus found not to house Alexander the Great’s remains
Egyptian archaeologists on Thursday dashed local hopes that a newly discovered ancient sarcophagus might contain the remains of Alexander the Great, finding instead the mummies of what appeared to be a family of three.
Read more