STAT of the Day: Middle East Shipowners
As the Middle East, and freedom of navigation issues come into sharper focus, today we look at the Top Middle Eastern vessel owning countries by fleet value, according to research by VesselsValue. To be succinct: the United Arab Emirates (UAE) dominates.
Coast Guard MSC Receives 28th BWTS Application
The Coast Guard Marine Safety Center received its 28th application for Ballast Water Management System type approval for the SeaCURE Ballast Water Management System…
Saudis Call on Buyers to Secure Hormuz Passage
Saudi Arabia, one of the world's top oil exporters, called on global oil buyers to secure their energy shipments passing through the Strait of Hormuz, Energy Minister Khalid al-Falih said on Thursday.
Lloyd’s Maritime Academy Courses Qualify for MATF Funding
Lloyd’s Maritime Academy announced that people living and currently working in Hong Kong’s maritime sector can benefit from an 80% refund on nine of its courses as part of the Maritime and Aviation Training Fund (MATF) introduced by the Hong Kong Maritime and Port Board.The aim of the MATF is to build up a vibrant, diversified and competitive pool of professionals and technical personnel to support Hong Kong’s future development in both the maritime and aviation sectors.
Kirby Announces 2019 Q2 Financials
Kirby Corporation (“Kirby”) (NYSE: KEX) has announced net earnings attributable to Kirby for the second quarter ended June 30, 2019 of $47.3 million, or $0.79 per share, compared with earnings of $28.6 million, or $0.48 per share, for the 2018 second quarter. Excluding a one-time charge related to the retirement of Kirby’s Executive Chairman, 2018 second quarter net earnings attributable to Kirby were $46.8 million, or $0.78 per share.
Royal Navy to Protect UK Ships in Strait of Hormuz
The British government said on Thursday its navy will accompany British-flagged vessels through the Strait of Hormuz to defend freedom of navigation, after previously saying it did not have the military resources to do so.Tensions have spiked between Iran and Britain since the Islamic Republic last Friday seized a British-flagged tanker in the Strait.
Ukraine detains Russian Tanker
Ukraine's security service said on Thursday it had detained a Russian tanker in the Ukrainian port of Izmail for its alleged involvement in an incident in November in the Kerch Strait that led to Russ
Maryland Offers Offshore Wind Grants
The Maryland Energy Administration (MEA) is launching two offshore wind grants for the 2020 fiscal year, with combined funds of approximately $3 million. Nearly…
Estonian Ferry Opts for Hybrid Retrofit
Estonian ferry company TS Laevad has signed an agreement with the Estonian shipbuilding company Baltic Workboats AS to rebuild the ferry Tõll, which operates the on the Virtsu-Kuivastu line…
Kogas, EVC Pact for Vietnam LNG Terminal
South Korean public natural gas company Korea Gas Corporation (Kogas) and Vietnam-focused development and asset management company Energy Capital Vietnam (ECV) have…
Island Tug Adds New Z-drive ATB
Island Tug and Barge, a subsidiary of Tidewater Canada, said that its second new articulated tug barge (ATB) push tug Island Regent entered service at the end of…
Panama Canal Hearing on Tolls Structure
The Panama Canal Authority (ACP) held Tuesday a public hearing on the proposed modifications of its toll structure which culminated the period for receiving inquiries…
Ocean Yield Adds Another VLCC Newbuild
Norway-based shipping company Ocean Yield has taken delivery of Nissos Antiparos, a VLCC newbuild delivered from Hyundai Heavy Industries in South Korea, the fourth…
Top Turbine Makers to Spend $2.6bln on R&D
Research and development (R&D) expenses among the world's top ten wind turbine manufacturers are expected to exceed $2.6 billion by 2023.The R&D expenses more than doubled in the last four years…
DP World to Build $1.2B Port in Indonesia
DP World and Indonesia’s leading conglomerate Maspion Group have signed two preliminary agreements to create a $1.2 billion container port and industrial logistics…
China to Overtake Japan in LNG Imports
Japan could lose its position as the world’s top LNG importer to China as early as 2022, said a new report by consultancy group Wood Mackenzie.By then, LNG imports…
Chabahar Port Signs 11 Investment Contracts
Chabahar Port, the seaport located in southeastern Iran, on the Gulf of Oman, has signed 11 investment contracts.Considering this, it is expected that by the end…
India Upgrades its Coast Guard
The Government India has established a robust maritime search and rescue framework to address and respond to various contingencies in deep sea and in coastal areas…
Durres Port H1 Cargo Traffic Up 11%
Albania's largest sea port of Durres handled 11% more goods during January-June this year (H1 2019), than the same period of 2018, said Durres Port Authority (DPA).The…
Eagle Bulk Raises Funds for New Ships
Eagle Bulk Shipping announced a $100 million convertible note offering in a private placement to qualified institutional buyers.Eagle Bulk intends to use the net…
