In terms of annual average fleet employment rates, the dry bulk market has now dropped to levels last seen over 20 years ago in 1992, according to the latest quarterly dry bulk market forecast from MSI*.
Archives for April 2016
GTMaritime, the shipping industry’s leading provider of shipboard email solutions, has announced GTMailPlus, a shipboard email system designed to reflect the evolution of maritime communications.
The maritime coordinator of the ITF (International Transport Workers’ Federation), Jacqueline Smith, today described the senate hearings into flag of convenience (FOC) shipping taking place in Canberra, Australia, as raising “shocking concerns”.
Speaking during a visit to Qatar today, Michael Fallon announced that from April, the UK will lead the Combined Task Force (CTF150), which covers two million square miles, including the Red Sea, Gulf of Aden, Indian Ocean and Gulf of Oman – an area that is a vital artery of world trade.
Royal Boskalis Westminster N.V. (Boskalis) has been awarded a contract by Samsung Heavy Industries for the transportation of the three topside modules of the riser platform and the topside of the processing platform for the Johan Sverdrup project offshore Norway.
The ‘Höegh Target’, a Post-Panamax PCTC (Pure Car Truck Carrier) of the New Horizon class design developed by Deltamarin in close cooperation with the owner Höegh Autoliners, has again succeeded in boosting its reputation. It is one of the three vessels shortlisted in the Ship of the Year category of the European Marine Engineering Awards.
Carnival Corporation & plc, the world’s largest leisure travel company, today announced that it has finalized contracts with Italian shipbuilder Fincantieri S.p.A. to build five new cruise ships as part of a memorandum of agreement announced in 2015.
Executives of Brazil’s state-run oil producer Petroleo Brasileiro SA approved a voluntary layoff program to cut about 12,000 jobs and save 33 billion reais ($9.20 billion) by 2020, the company said in a statement on Friday.
Lockheed Martin Corp and Australia’s Austal have each won contracts worth up to $564 million to build one Littoral Combat Ship (LCS) for the U.S. Navy, the U.S. Defense Department said on Thursday in its daily digest of arms deals.