New Posts
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Canadaian provider of marine transportation services Algoma Central Corporation has reached an agreement with 3Maj Brodogradiliste of Croatia under which Algoma will acquire a new Equinox Class 650’ self-unloading dry-bulk carrier upon completion of the vessel by the Shipyard.The vessel…
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The LNG tanker Ramelia has been delivered to the chemical tankers in Northern Europe Rederi AB Älvtank, becoming the sixth of eight vessels ordered in the Gothia Tanker Alliance series.The vessels are built on a design where FKAB Marine design…
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Nowegean provider of Ro/Ro (Roll On/Roll Off) deep sea transportation services Höegh Autoliners announce an increased frequency in its service to Australia. Starting in November, the company will offer five sailing per month to Australia from Europe.Previously…
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The American company providing construction services in dredging and land reclamation, Great Lakes Dredge and Dock Company (GLDD) announced the receipt of several major dredging awards totaling $141 million.The North America's dredging industry…
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US authorities announced that South Korea's top shipbuilding conglomerate Hyundai Heavy Industries (HHI) will pay a US$47 million fine for illegally importing and selling dirty diesel engines in violation of American environmental rules.US Justice Department and and the U.S.
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Global Ship Lease (GSL), UK-based holding company and containership charter owner, has now settled a five-year refinancing of its debt.According to the container ship owner, the new syndicated $268m credit facility is signed with a number of…
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Global container terminals are expected to embrace automated decision making powered by artificial intelligence (AI) as they pursue ways to improve operational consistencies and enhance equipment utilization.According to TechValidate customer survey by Navis…
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Dynagas LNG Partners LP, an international owner and operator of liquefied natural gas (LNG) carriers, announced it has secured a $675 million syndicated loan from leading international banks.The credit facility will be secured by mortgages on the partnership’s entire fleet of six LNG carriers…
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Conditions were dark and hazy when the vessels collided around 1 a.m. on June 25, 1878.
The Peshtigo was on her way to Chicago from Erie, Pennsylvania, with a cargo of coal. The St. Andrews was headed to Buffalo, New York, from Chicago, with a corn cargo.
Torch signals were confused as the ships came upon each other in the night. The Peshtigo turned hard to port and struck the St. Andrews on her port side. Both ships were at the bottom of Lake Michigan within 10 minutes.
When it was hit, the St. Andrews fell over onto the Peshtigo, taking out two of her masts. The Peshtigo's stern reportedly rose 40 feet in the air before the ship dove for the bottom. -
A disruption in global oil flows following attacks on Saudi Arabian facilities has left U.S. crude exporters without enough tankers to cover rising demand for cargoes, traders and shipping sources said.Missile attacks last Saturday temporarily…
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The chief executive of Italian defence group Leonardo on Friday dismissed the idea of a potential tie-up with shipbuilder Fincantieri recently floated by former Prime Minister Matteo Renzi.The two groups are both controlled by Italy's Treasury…
