ICTSI, PSA inaugurate joint venture terminal in Colombia

ICTSI, PSA inaugurate joint venture terminal in Colombia International Container Terminal Services, Inc. (ICTSI) and PSA International (PSA) have formally opened Puerto Aguadulce,a joint venture terminal in the Port of Buenaventura, Colombia with President of the Republic of Colombia Juan Manuel Santos leading the inaugural rites. The first phase of the US$550-million world-class multi-user container […]

Posted by: on Mar 15, 2017 read more

Watch:General Cargo Ship Runs Aground, Partially Sinks Off Ecuador

Authorities are monitoring salvage of the general cargo ship Isla Bartolome that ran aground and partially sank off Isla Puna Island in Ecuador. The accident occurred last week in the main shipping channel from the port of Guayaquil while the vessel was en route from Guayaquil to Galapagos Island. Isla Bartolome, which was carrying 160 […]

Posted by: on Mar 02, 2017 read more

Oversupply Keeps January Vessel Orders at Record Low

Global ordering activity has fallen to 26-year low in January 2017, shipbuilding data from Maritime & Trade by IHS Markit show. Specifically, demand for bulk carriers and gas carriers has plummeted as there were no booked orders in January. The appetite of shipowners for tankers over 10,000 dwt has also subsided as there were only […]

Posted by: on Feb 28, 2017 read more

China Wants to Turn Water Into Territory in the South China Sea (and Beyond)

China Wants to Turn Water Into Territory in the South China Sea (and Beyond) James Holmes February 25, 2017 China’s longstanding campaign to redefine water as territory—territory where the Chinese Communist Party’s (CCP) fiat is law—proceeds apace. Lovers of maritime freedom must reject this campaign in all its forms. In other words, all nations that […]

Posted by: on Feb 27, 2017 read more

MOL to Invest in Self-Elevating Platform Vessel Operator

Mitsui O.S.K. Lines, Ltd. today announced a plan to acquire a 5% share in Seajacks International Limited (Seajacks) Group, which owns and operates five Self-Elevating Platform vessels, from Marubeni Corporation. This is a new offshore business for MOL, following FPSO, FSRU, shuttle tanker, and subsea support vessel. It is also the first step to move […]

Posted by: on Feb 27, 2017 read more

Nord Stream 2 Awards Pipelay Contract to Allseas

Following an international tender process, Nord Stream 2 AG have awarded a contract for offshore pipelay of the Nord Stream 2 natural gas pipeline through the Baltic Sea to Allseas. The company will undertake offshore pipelay works for both lines in 2018 and 2019. Allseas will use three pipelaying vessels – Pioneering Spirit, Solitaire and […]

Posted by: on Feb 26, 2017 read more