Coastal shipping in Japan faces structural issues that include aging vessels and an aging seagoing workforce leading to a shortage of mariners. Meantime, the industry is under pressure to reduce emissions of
Vancouver, B.C., based Teekay Tankers Ltd. (NYSE: TNK) reported adjusted net income of $110 million for the quarter ended March 31, 2020, compared with $14.6 million in the first quarter of last
Two major South Koreans shipyards reported significant orders today, according to Yonhap news agency reports. Hyundai Heavy Industry Group disclosed that it has signed a $178 million contract to build two 300,000
The U.S Department of Justice reports that Xavier Fernando Monroy, 62, has been charged one count of conspiracy to commit bribery, one count of bribery, one count of false statements, and one
The Federal Maritime Commission has voted unanimously to accept a petition filed by the Lake Carriers’ Association (LCA) that alleges that ballast water regulations proposed by the Government of Canada will discriminate
Quark Expeditions, Seattle, Wash., this week marked a major milestone in the construction of its technologically-advanced polar vessel, Ultramarine, with a traditional launch ceremony that also honored the shipbuilding team at Croatia’s
Belle Chasse, La., based C&C Marine and Repair has acquired a 35,000-square-foot fabrication building from Versabar Inc. following the expiration of a leaseback provision in a 2018 purchase agreement between the companies.
Peru’s Doig Marine SA shipyard has recently booked an order to design and construct two pilot boats for Callao-headquartered DP World subsidiary Cosmos Agencia Marítima SAC, which provides pilotage services along the
John Fredriksen controlled tanker giant Frontline Ltd. reported first quarter results that included net income of $165.3 million compared with $40.1 million in the same quarter of 2019. “Frontline achieved its strongest
Royal Caribbean’s Silversea Cruises brand is preparing to take delivery of its new ship Silver Origin, following a remarkable display of resilience and ingenuity by its builder, the De Hoop shipyard in