Breaking News

October 02, 2015
USCG searches for TOTE ship caught by Hurricane Joaquin
OCTOBER 2, 2015 — The U.S. Coast Guard says search and rescue crews are continuing to search for a containership with 33 crew members aboard reported to be caught in Hurricane Joaquin, near Crooked Island, Bahamas.   The El Faro, a...
October 02, 2015
MARAD funding for TOTE LNG conversion study
OCTOBER 2, 2015 — The U.S. Maritime Administration (MARAD) has announced a $900,000 cooperative agreement with TOTE Maritime to further develop knowledge regarding the costs and benefits of vessel conversions to liquefied natural gas (LNG)...
October 02, 2015
ME-GI for first Crowley ConRo passes milestone test
OCTOBER 2, 2015 — MAN Diesel & Turbo reports that the first ME-GI engine to be built in Japan has now passed its FAT (Factory Acceptance Test) at the Tamano Works of Mitsui Engineering & Shipbuilding Co., Ltd. (MES), overseen by...
October 02, 2015
American Club sets up Cyprus based hull insurer
OCTOBER 2, 2015 — The American P&I Club has made a strategic investment in a new Cyprus-based hull insurance company, American Hellenic Hull Insurance Company, Ltd. (American Hellenic). The American Club says the investment will allow...
October 02, 2015
Maersk 19,600 TEU giants to have waste heat recovery
OCTOBER 2, 2015 — Eleven 19,600 TEU mega containerships on order for Maersk Line at Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) are to be fitted with waste heat recovery systems (WHRS).   DSME has placed an order with...
October 01, 2015
Singapore takes another step toward LNG bunkering
OCTOBER 1, 2015 — Singapore is the world's top bunker port, recording more than 42 million tonnes in bunker sales volumes in 2014. The Maritime and Port Authority of Singapore (MPA) plans to keep things that way as LNG bunkering gains...
October 01, 2015
Survey shows shipowners still watching the purse strings
OCTOBER 1, 2015 — The latest OpCost benchmarking survey by international accountancy firm and shipping consultant Moore Stephens shows shipping industry total annual operating costs fell by an average of 0.8% in 2014, compared with the 0.3%...
October 01, 2015
Aker Philadelphia cuts steel for Matson 3,600 TEU box ships
OCTOBER 1, 2015 — Matson, Inc. (NYSE: MATX) reports that Aker Philadelphia Shipyard has cut the first steel for two new Aloha Class containerships, designed specifically for Hawaii service, with greater capacity than previous Matson ships and...
October 01, 2015
BAE San Diego books Navy awards worth $104.25 million
OCTOBER 1, 2015 — Underscoring the fact that Navy ship repair is a high-dollar business, BAE Systems San Diego Ship Repair, San Diego, CA, has been awarded Navy contract modifications worth a total $104.25 million. The awards are for work on...
October 01, 2015
Saga Cruises orders 1,000 passenger newbuild at Meyer
OCTOBER 1, 2015 — German shipbuilder Meyer Werft is to reactivate its Building Dock I for newbuilding to construct a 55,900 gt, 1,000 passenger cruise ship for Saga Cruises of the U.K. The dock is presently used for block construction and by...