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Welcome to our new news section. Here you will find out what's going on in the business. News is updated as it's released from thousands of media sources.
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News Headlines
Pentagon to Buy More High-End Ships2 years 2 months ago
Added: Feb 04, 2016 07:50
U.S. Defense Secretary Ash Carter said the U.S. Navy would buy more high-end submarines, destroyers, fighter jets and unmanned underwater vehicles in coming years, using $8 billion saved by scaling back orders for smaller, less capable Littoral Combat Ships. Read more
Source: Maritime Connector
Offshore Support Vessel Market by Type, by Depth, & by Region - Global Forecast to 20202 years 2 months ago
Added: Feb 04, 2016 07:44
Growing demand for oil & gas is expected to drive the offshore support vessel market at a CAGR of 5.8% during the forecast period. Meanwhile, the recent decline in the global crude oil price has negatively affected E&P activities, which is prominently visible with the sharp decline in the global rig count, affecting drilling activities. Read more
Source: Maritime Connector
Kitack Lim Says E-Nav is the Future2 years 2 months ago
Added: Feb 04, 2016 07:38
E-navigation can offer enhanced safety, better environmental protection, improved traffic management and commercial benefits; and both the technological advances and the advantages they can bring are continuing to evolve. That was the message from IMO Secretary-General Kitack Lim in his keynote speech to the International E-Navigation Underway conference. Read more
Source: Maritime Connector
USCG: Aframax Tanker Allides Twice in New Orleans2 years 2 months ago
Added: Feb 04, 2016 07:32
The U.S. Coast Guard Eighth District reported that it was responding to two allisions in New Orleans at mile markers 104 and 94 on the Mississippi River. Read more
Source: Maritime Connector
Fire Destroys Accommodations Block of Vietnamese Freighter2 years 3 months ago
Added: Feb 03, 2016 07:56
The Vietnamese Marine Rescue Coordination Center (VMRCC) has reported that the 27,000 dwt geared freighter South Star caught fire about 35 nm east of Haiphong, off Cam Pha. Read more
Source: Maritime Connector
IMarEST launches campaign to support seafarers2 years 3 months ago
Added: Feb 03, 2016 07:50
The Institute of Marine Engineering Science & Technology (IMarEST) has launched a campaign aimed at supporting seafarers in developing their skills and demonstrating their competencies. Read more
Source: Maritime Connector
Baltic index slips to fresh low as demand concerns persist2 years 3 months ago
Added: Feb 03, 2016 07:44
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, slipped to another all-time low on worries about vessel oversupply and slowing global demand. Read more
Source: Maritime Connector
Piracy Less Severe in 2015, but IMB Advises Vigilance2 years 3 months ago
Added: Feb 03, 2016 07:40
The IMB Piracy Reporting Center, a division of the International Chamber of Commerce, has released its annual piracy report for 2015. Many trends are encouraging: the total number of Read more
Source: Maritime Connector
Ro/Ro Modern Express Successfully Taken in Tow2 years 3 months ago
Added: Feb 02, 2016 07:44
A four-man team from SMIT Salvage successfully passed a tow line from the stricken ro/ro Modern Express to the tug Centaurus. The tow was under way, headed away from the French coastline and making for the Port of Bilbao. Read more
Source: Maritime Connector
Extreme Cost of Proposed Federal Rule Risks Shuttering Gulf Energy Production and Intensifying Econo2 years 3 months ago
Added: Feb 02, 2016 07:30
Initial findings from a study conducted by international research consultancy Wood Mackenzie confirm that the high cost of a proposed new rule governing oil and gas operations in the Gulf of Mexico could significantly reduce domestic energy production and curtail U.S. economic activity, energy supplies, and state and federal offshore revenues. Read more
Source: Maritime Connector
MSC Confirms Order for Four Cruise Ships2 years 3 months ago
Added: Feb 02, 2016 07:24
MSC Cruises confirmed orders for two additional ships in a $3.26 billion deal with STX France. Read more
Source: Maritime Connector
Iran Begins New Container Service To China2 years 3 months ago
Added: Feb 02, 2016 07:21
The Chinese province of Guangxi has received its first Iranian container ship in the post-sanctions era, Chinese state media reported. Read more
Source: Maritime Connector
Sweden Detains Unseaworthy Ship Loaded with Explosives2 years 3 months ago
Added: Feb 01, 2016 07:56
The Swedish government is holding the Panama-flagged Turkish cargo ship Whiskey Trio after finding it loaded with explosives and rockets bound for the Middle East and deeming it unseaworthy. Read more
Source: Maritime Connector
The Newly Released Videotel Partner API Allows Vessel Operators to Easily Store and Track Crew Train2 years 3 months ago
Added: Feb 01, 2016 07:48
VideotelTM, the leading global provider of e-Learning maritime training solutions and a company of KVH Industries, Inc., has released the Videotel Partner API, an application programming interface that facilitates the exchange of data between Videotel and any of its clients’ crew management software systems. Read more
Source: Maritime Connector
Operations being restored at New York-area ports after shutdown2 years 3 months ago
Added: Feb 01, 2016 07:40
Operations at New York and New Jersey's cargo terminals were being restored after more than a thousand longshoremen walked off the job earlier in the day, shuttering one of the United State's busiest port networks, officials said. Read more
Source: Maritime Connector
Time is Running Out for Modern Express2 years 3 months ago
Added: Feb 01, 2016 07:28
The stricken Ro-Ro Modern Express is drifting on its side off the French Atlantic coast and will run aground in southwest France if a renewed attempt to tow it to port fails , a French maritime official said. Read more
Source: Maritime Connector
New Video Tells Baltic Ace Wreck Removal Story2 years 3 months ago
Added: Jan 29, 2016 08:30
The car carrier Baltic Ace collided with the container ship Corvus J and sank about 50 nautical miles west of Rotterdam in 2012, and SMIT Salvage, a subsidiary of Royal Boskalis Westminster, has released an extended video on the subsequent wreck removal operation. Read more
Source: Maritime Connector
U.K. Makes Joint Investment in Oil and Gas Region2 years 3 months ago
Added: Jan 29, 2016 08:15
United Kingdom Prime Minister David Cameron announced that the Scottish and U.K. governments would jointly invest $700 million in Aberdeen, Scotland, an area vital to the country’s North Sea oil and gas industry. Read more
Source: Maritime Connector
2016-2020 Outlook: Aframaxes to Outperform Larger Crude Tankers2 years 3 months ago
Added: Jan 29, 2016 08:09
Limited supply growth in the Aframax sector of only 3.5% through the end of 2020 in addition to paradigm shifts in demand such as US exports and expanded Panama Canal opening will enable this sector to outperform the larger crude tankers, according to the latest report from McQuilling Services. Read more
Source: Maritime Connector
CMA CGM Steps Up Iran Presence with IRISL Deal2 years 3 months ago
Added: Jan 29, 2016 08:05
France’s CMA CGM, the world’s third-largest container shipping group, will expand its presence in Iran after signing a landmark deal with the Islamic Republic of Iran Shipping Lines (IRISL). Many Western businesses are seeking to invest in Iran, a nation of 80 million people, after many sanctions linked to the Persian nation’s nuclear program were lifted this month. Read more
Source: Maritime Connector
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