UDIN Engineering Boosts FORAN in Korea
UDIN Engineering boosts FORAN in Korea Busan-based Unique Design and Intellectual Networks Engineering Co., Ltd. (UDIN) has recently entered into agreement with SENER Korea Engineering and Systems Co., Ltd. (SKES) for the permanent license of the FORAN System and related technical assistance. The agreement completes a process started off in July 2013 with the integral application of FORAN on a temporary…
TT Club Shows Strong YTD Performance
The TT Club, an international transport and logistics insurance provider, released a trading update for the period 1 January - 31 August 2014. Charles Fenton, Chief Executive of the TT Club…
Goodwood Ship Management Set For Growth
Goodwood Ship Management, the Singapore based management company, is set to increase its fleet under management to more than 10 million deadweight tonnes, the company’s annual officers’ conference heard this week. Capt Ashok Sabnis, Goodwood Managing Director, told more than 150 senior officers at the Mumbai event that the management company was gearing up to take on technical management of more tankers.
Historic Cruise Ship Float Out in Finland
The Meyer Turku Oy yard in Turku, Finland, celebrated a historical day on October 10, 2014. Meyer Turku Oy, which officially changed ownership only three weeks earlier with the takeover by Papenburg, Germany cruise ship building power Meyer Werft, floated out the cruise ship Mein Schiff 4. Jan Meyer, the CEO of Meyer Turku Oy, and Wybcke Meier, the new CEO of TUI Cruises opened the valves to flood the dry dock.
Panama Canal Takes Last Tugboat of New Fleet
The Panama Canal has received Cerro Ancon, the last of the 14 tractor tugs of its new fleet. These new tugboats will allow the Canal to offer a more efficient service to the global shipping industry and strengthen the waterway's capacity for the operation of the Third Set of Locks. The tugboats have been gradually arriving to Panama from Spain since June 2013. Astilleros Armon, S.A., a Spanish ship-building company, was awarded the contract in September 2011.
Intercargo Appoints New Secretary General
Intercargo has appointed David Tongue as its new Secretary General. Mr. Tongue, took up the role on 8 October, following confirmation of the appointment by Intercargo’s Executive Committee which met in London on 7 October. Mr. Tongue brings with him a wealth of maritime experience, having most recently held the position of Director of Regulatory Affairs at the International Chamber of Shipping – which he served for the past 12 years.
Statoil Makes Gas Find in Arctic
Norwegian oil firm Statoil has made a small gas discovery in the Arctic, near its Johan Castberg oil discovery, the Norwegian Petroleum Directorate said on Friday.
Asia-Europe Container Rates at One-Year Low
Container freight rates fell 10.2 percent on busy route; Maersk expects gradually declining rates. Freight rates for shipping containers from ports in Asia to Northern…
Chinese Fisherman killed in South Korean Coastguard Raid
A Chinese fisherman was killed on Friday in a South Korean coastguard operation to apprehend his vessel which was operating illegally off South Korea's west coast…
Samsung Heavy to Tankers for Gazprom
South Korean shipbuilder Samsung Heavy Industries plans to build three Arctic tankers for Russian oil company Gazprom Neft, which has been targeted by Western sanctions…
EU Approves Klesch Refinery Purchase
Regulator sees no competition concerns; Klesch announced purchase in July. EU regulators cleared U.S. entrepreneur Gary Klesch's purchase of the Milford Haven oil refinery on the coast of Wales…
Pentair Announces Quarterly Cash Dividend
Pentair plc announced that it will pay a regular quarterly cash dividend of $0.30 per share on November 7, 2014 to shareholders of record at the close of business on October 24, 2014.
Swissco Bags $17m Chartering Contract
SGX Mainboard-listed Swissco Holdings Limited announced it has secured three chartering contracts with options worth US$17.3 million. The offshore support vessels…
TR Completes Successful TSTA and FEP
The aircraft carrier USS Theodore Roosevelt (TR) (CVN 71) successfully completed Tailored Ship's Training Availability (TSTA) and the Final Evaluation Problem (FEP) Oct.
Petrobras Signs LoI for Libra FPSO
Libra Consortium has signed a letter of intent with Odebrecht/Teekay (OOG-Teekay), winner of a tender process, for the charter of a FPSO-type platform (floating production…
Antwerp Ro/Ro Terminals Start with Paperless Export
ICO and AET, the two ro/ro terminals in the port of Antwerp, are now also connected to the e-Desk. The Antwerp Port Community System (APCS) introduced the e-Desk for containers already in 2012…
Crowley, Seaboard to share vessels
Crowley Maritime Corporation’s liner services group and Seaboard Marine Ltd. announced today that they have entered a new vessel sharing agreement (VSA) to service…
North Sea firms “Biding Time”
Oil and gas operators may be sitting on new investment decisions until the future of the North Sea becomes clearer, according to the latest report from business advisory firm Deloitte.
Lundin Spuds Storm Wildcat
Lundin Petroleum AB, through its wholly owned subsidiary Lundin Norway AS, is pleased to announce that drilling of exploration well 33/2-1 in PL555 has commenced.
Unique Investment Opportunity in Antwerp Port
A unique, particularly attractive investment location of 96 hectares has become available in the port of Antwerp, the second largest port in Europe. The site in…
