Bureau Veritas Acquires HydrOcean
Testing, inspection and certification firm Bureau Veritas announced it has finalized the acquisition of HydrOcean, a French engineering company specializing in hydrodynamic…
Imtech Marine Signs on to Stay at Innovation Center
Imtech Marine, the maritime technologies arm of the recently bankrupt Royal Imtech N.V., announced it has signed on for a prolonged stay at the RDM Innovation Dock where technical students work to develop new maritime technologies such as autonomous and emission free sailing. According to Imtech Marine, Rotterdam’s position in the maritime market makes it “the perfect place to invest in a greener future” and “raise interest of technical talents to come and work in the maritime sector…
Caterpillar Launches Asset Financial Solutions
Press Release - Caterpillar Oil & Gas has announced the introduction of Asset Financial Solutions, a financial product that provides 100 percent financing new offshore or marine assets.
Maersk Line: Market Share Down a Touch in 2017
Maersk Line, the world's largest container shipping company and a part of the A.P. Moller-Maersk group, sees its capacity market share slipping to around 14 percent in 2017 from 15.9 percent now…
Andersen will be CEO of Hempel
Hempel A/S announced that CEO Pierre-Yves Jullien will be succeeded by Henrik Andersen, Group COO of ISS A/S, by March 1st 2016. Henrik Andersen has been with ISS A/S since 2000…
Collective Efforts Helped Curtail Piracy Attacks
At a breakfast meeting earlier today with senior shipping industry representatives, the EU Naval Force Operation Commander, Major General Martin Smith MBE, stated…
Birthplace of Modern Commerical Shipping Turns 300
The world’s oldest enclosed commercial wet dock in Liverpool, North-west England is celebrating its 300th anniversary. Known locally as the ‘old dock’, it opened for business on 31 August 1715…
APMT to buy Spanish Container Terminals Operator
APM Terminals has reached an agreement with Perez y Cia to acquire their majority stake in the Barcelona-based Grup Maritim TCB and its maritime services’ container…
Panama to Assess if Seepage Will Delay Expanded Canal Opening
During the testing phase of the new Pacific locks for the Panama Canal, some water seepage was detected in a specific area of the new Pacific Locks in a section…
Sale of Diana Containership Falls Through
Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, today reported that the previously announced sale of the 2001…
Spectrum in Somalia Seismic Pact
Spectrum ASA entered into a Multi-client master co-operation agreement with the federal government of Somalia during a signing ceremony on September 5th at the SYL Hotel, Mogadishu.
Maersk Acquires Grup Maritim
APM Terminals has reached an agreement with Perez y Cia to acquire their majority stake in the Barcelona-based Grup Maritim TCB and its maritime services’ container…
Maersk Cuts 16% West Central Asia-Europe
Maersk Line, the container shipping unit in the A.P. Moller-Maersk group in Copenhagen, says it will cut about 16% of its capacity on the West Central Asia-Europe trade lane.
Tsuneishi to Invest in Indonesia Shipyard Business
Japanese shipbuilding and maritime transport company Tsuneishi Holdings will invest up to $40 million to open ship repair services in Indonesia amid increasing efforts…
UK Chamber Releases Practical Guidance for the Shipping Industry
The UK chamber of shipping has launched "The Bribery Act 2010; Practical Guidance for the Shipping Industry”. The guidelines will be launched at an event for members…
Technip Awards EPIC Offshore Malaysia Contract from Petronas
French oilfield services provider Technip SA said it has been awarded an engineering, procurement, installation and commissioning contract by PETRONAS Carigali Sdn Bhd or PCSB for D18 Project.
Royal Navy Submarine Responsible For Fishing Trawler Incident
Britain’s Ministry of Defence has admitted a Royal Navy submarine was responsible for dragging a trawler backwards off the Northern Ireland coast earlier this year.
OSV Approved Vessel Archive Launched
Specialist marine risk assessment company MatthewsDaniel has launched an enhanced Approved Vessel Archive (AVA) service for offshore support vessels and their operators.
BP Wins One US Court Ruling, Loses Another Over 2010 Gulf Spill
A U.S. appeals court said BP Plc, which in July reached a $18.7 billion settlement of federal, state and local claims over the 2010 Gulf of Mexico oil spill, must face one of two proposed class-action lawsuits claiming that the oil company defrauded shareholders over the disaster. The 5th U.S. Circuit Court of Appeals in New Orleans said investors who bought BP's American depositary shares in a 33…
US Coast Guard Cutter Reaches the North Pole
U.S. Coast Guard Cutter Healy arrived at the North Pole September 5, 2015, becoming the first U.S. surface ship to do so unaccompanied. Healy’s arrival to the North Pole marks the fourth time a U.S. surface vessel has ever reached the North Pole, and the first since 2005. The Seattle-homeported Healy departed Dutch Harbor, Alaska August 9 with a crew and science party of 145 people in support of GEOTRACES, a historic international effort to study the geochemistry of the world’s oceans.
