Moody's notes that the ongoing shift in trade patterns owing to falling US oil imports has credit-negative implications for the entire tanker industry as it is likely to depress freight rates.
Maersk won the IMO 2013 themed award: “Sustainable Development – IMO’s contribution beyond Rio+20” in support of the IMO’s theme for World Maritime Day for 2013
Hornbeck Offshore Services Inc, has placed an order worth EUR37 million (US$47.9 million) with Cargotec for four MacGregor 250-tonne active heave-compensated (AHC) subsea cranes
THE French port complex of HAROPA that groups together the ports of Le Havre, Rouen and Paris has been voted by readers of the Cargonews Asia newspaper the Best European Seaport of 2013.
MAERSK Container Industry (MCI) says its automatic ventilation system AV+ can save cargo owners and shippers up to 25 per cent in energy costs in refrigerated containers.
THE collapse of the German KG ship financing system leaves a hole in the small box ship market, which needs to be filled, particularly as smaller vessels need to be more fuel efficient and eco-friendly
Israel must recognize a Palestinian state according to pre-1967 borders for a two-state solution to long-standing Israeli-Palestinian conflict, Turkish Premier Erdogan said
Tug Fairmount Sherpa has safely delivered rig GSF Arctic I in Las Palmas. The rig has been towed from offshore Rio de Janeiro, Brazil, to Las Palmas de Gran Canaria, Spain. GSF Arctic I is a semi-submersible drilling rig for deepwater operations, owned by Houston based Transocean.