Keppel secures repeat jackup rig order from Jasper at US$180 million

Jasper Investments Limited (Jasper) has exercised its option with Keppel FELS Limited (Keppel FELS) to build a second KFELS B Class jackup rig at US$180 million for delivery in 1H2013. The single-rig option was given to Jasper when the customer ordered its first...

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Shanghai experiences robust ship movement growth

SHANGHAI posted strong growth in the number of ships arriving at and departing from the port in the first two months, both cargo and passenger, especially in the port area of Yangshan and Waigaoqiao, Xinhua reports. [Read More] Source: Sea N...

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Bulk carrier disabled in Dardanelles

On April 1 at about 2145 LT bulk carrier Ioanna-G suffered engine failure in Dardanelles Straits off Karanlik and started to drift. [Read More] Source: Maritime Bulle...

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The NYK Group Adopts New Logo

The NYK Group will begin using a new unified group logo as of April 1.The previous NYK unified group logo — the “Double Wing” — had been utilized since 2001 and symbolized the NYK brand as a comprehensive logistics enterprise. To complement a new medium-term management...

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Famous Pacific Shipping Launches Heavy Lift And Project Cargo Subsidiary

Following the ending of Sri Lanka's 30-year ethnic war in May 2009, Famous Pacific Shipping Lanka (Pvt) Ltd, a member of the Famous Pacific Shipping Group, is to launch an independent heavy lift and project cargo arm from April 1, 2011 to provide strategic logistics...

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Special Forces rescue UAE ship from pirates

UAE Special Forces stormed a hijacked Dubai-bound ship yesterday, rescuing the crew and arresting all the pirates who had seized it. [Read More] Source: The Natio...

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Caribbean ship testing new anti-piracy system

There are cameras that capture images clear enough to distinguish between a fishing vessel and a boatload of pirates 10 miles away. There are cascades of water and noxious compounds to repel invaders. And there are shields to withstand a rocket-propelled grenade. [Read...

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Maersk Line sets new standard for ship building and recycling

MANILA, Philippines – Maersk Line’s Triple-E vessel will set a new standard for sustainable ship building and recycling by introducing the most comprehensive material documentation system the shipping industry has ever seen. [Read More] Source: Manila Bulle...

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Global newbuilding orderbook now at around 32% of existing fleet

While 2010 proved to be a turbulent year for global shipping, the wave of new building deliveries didn’t begin to take its toll in freight market until the last part of the year. Even so, the rate of deliveries proved to be less than the expected one, but this...

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