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  • Speedcast, COMSAT Partner in Maritime Market
    Speedcast International Limited provider of fully managed, remote communication and IT solutions, announced it has signed an agreement with government satellite connectivity provider COMSAT to establish a common global service offering of Ku…

  • Signs of Recovery Seen in Asian MR Market
    A new lease of life has been breathed into the ailing Medium Range (MR) tanker market in Asia. The MR market has been mired in a slump in recent months, with TC11 rates sinking to a multi-year low of $240,000 in April on the back of lower product exports from China and South Korea.

  • Iridium’s Second NEXT Launch Pushed Forward
    Iridium Communications announced the second launch for the Iridium NEXT satellite constellation has been moved earlier, and is now targeted for June 25, 2017 at 1:24:59 PDT with an instantaneous launch window. SpaceX informed Iridium that range…

  • Navios Partners Buys Five Rickmers Containerships
    Owner and operator of dry bulk and container vessels Navios Maritime Partners L.P. said it has acquired five containerships from Rickmers Maritime Trust Pte for $59 million. The five 4,250 TEU vessels are employed on charters with a net daily charter rate of $26,850 into 2018 and early 2019.

  • MARAD Funding Available for Small Shipyards
    The U.S. Maritime Administration (MARAD) has made available nearly $10 million in grant funding for improvements to small shipyards. There is currently $9.8 million available under the Small Shipyard Grant Program for capital and related improvements…

  • California Pushes Ahead on Ballast Water Compliance
    We are quickly approaching September 8, 2017, the date when the International Ballast Water Convention will enter into force requiring ships to manage their ballast water using methods to remove or render harmless organisms contained within their ballast water.

  • Gulf Petrochem Sets Up Russian & Baltic Trading Desk
    Gulf Petrochem Group (GP) has further strengthened its European bunkering division by establishing a Russian and Baltic trading desk within the Rotterdam office. Boris Kuftyrev has been appointed to manage this desk overseen by Chris Todd in Europe’s largest bunkering port, Rotterdam.

  • Gondan Delivers Dual Fuel Tug
    After completing its sea trials program, DUX, the first dual fuel tug ever built in Europe, was delivered yesterday to its owner, the Norwegian company Østensjø Rederi A/S. This vessel is the first tugboat of a series of three. Designed by the Canadian company Robert Allan Ltd.…

  • Urals Oil Exports From Baltic Ports to Fall in June
    Russia's June Urals crude exports from the Baltic Sea ports are expected to fall by 15 percent compared with May on a daily basis to 5.51 million tonnes, a preliminary loading plan seen by Reuters showed on Thursday. Crude loadings from the…

  • Southern Illinois Transfer Orders Harbor Tug
    Barbour JB Shipyard of St. Louis has laid the keel for a new harbor tug that will be powered by Veth Z-drives. The purchase agreement was signed at the Inland Marine Expo, St. Louis, by Kurt Johnson, Southern Illinois Transfer president and owner of the vessel…

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