KvƦrner ASA in Board Changes
Trine SƦther Romuld has informed KvƦrner ASA that she resigns from her position as non-executive Director and Chair of the Board's Audit Committee of the Company with immediate effect.
Bugsier's First Order with Damen
BugsierReedereican look back on a history that spans over a century. The company, with the largest tug fleet under German flag,will celebrate their 150th anniversary in 2016ā¦
Baku Calls Upon Antwerpās Port Expertise
The port of Baku on the Black Sea is Azerbaijanās largest port. Now to support its further development it is calling on the know-how and expertise of the port of Antwerp.
Platts acquires Petromedia
Platts, a leading global energy, metals, petrochemicals and agriculture information provider, announced today that it has acquired Petromedia, a specialist providerā¦
SINOPACIFIC Wins Bid for 9 AHTS
SINOPACIFIC Shipbuilding Group was recently successful in winning the bid for the construction of 9 AHTS vessels for Abu Dhabi National Oil Company (ADNOC) and its wholly-owned subsidiary, ESNAAD.
WSDOT Ferry Fleet Banks on Back-up Vessels
In order to meet demand and keep the system moving, all available back-up Washington State Ferries vessels will be called into service while two larger ferries areā¦
'Challenging Time' for Shipping Industry - North P&I Chairman
Unpredictable markets and continuing marine claims volatility means the international shipping industry is facing a particularly challenging time, says Pratap Shirke, chairman of North P&I club.
FrĆøy Server: Mono-Hull Innovation
When it comes to innovation in new boats, few hold a better record than the Norwegians. As pioneers in the salmon farming industry they have several decades of innovationā¦
More than 100 Shipbuilders Lose Jobs at ASC
South Australian defence shipbuilding company ASC has axed 101 blue collar jobs from its facility at Osborne near Port Adelaide. The submarine and shipbuilder ASCā¦
Hapag Lloyd IPO Valued at Over $5.5 Bln
A flotation of a minority stake could value the world's fourth-largest shipping group German-Chilean Hapag-Lloyd AG at more than 5 billion euros ($5.5 billion) and could take place as early as autumn.
$1.7 billion NOL Up for Sale. Will Hapag-Lloyd Buy?
Singapore Sovereign Wealth Fund Temasek Holdings has put Neptune Orient Lines (NOL) up for sale, says a Wall Street Journal (WSJ) report. The WSJ reported that Temasekā¦
Cosco in Loss, Blames Low Oil Price
Cosco Corporation has warned investors of an expected net loss for the second quarter ended 30 June 2015, as against a profit in the previous corresponding period.
Suez Canal Revenues at $5.4 billion
Suez Canal revenues reached $5.4 billion in the fiscal year 2014-15, with a $3.7 million increase compared to the fiscal year 2013-14, says Cairo Post. This yearāsā¦
Egypt Completes New Waterway in Suez Canal
Egypt has completed dredging for the new shipping route in the Suez Canal, says the government sources. The mega national project āNew Suez Canalā is scheduled to be inaugurated on August 6.
Conoco Cutting Deepwater Spending
ConocoPhillips said on Thursday it will reduce future spending on deepwater drilling due to low crude oil prices while raising its dividend one cent. The largest spending reductions will come in the Gulf of Mexico, where the Houston-based company said it will terminate a three-year contract for an Ensco deepwater drill ship that was due to be delivered late this year. Conoco said it raised its quarterly dividend to 74 cents per share from 73 cents per share.
Russia Plans Fuel Shipments to Syria from Crimea
Russia plans to supply Syria with 200,000 tonnes of liquefied petroleum gas (LPG) per year via the Crimean port of Kerch, two trading sources told Reuters. The plansā¦
Hyundai Heavy Industries to Build 'Connected Smart Ships'
Shipbuilder Hyundai Heavy Industries is collaborating with technology service provider Accenture to design a āconnected smart shipā that aims to enable ship ownersā¦
Long Beach Sees June Cargo Dip
Container cargo volume dipped in June at the Port of Long Beach, decreasing 4.4 percent compared to the same month last year. A total of 583,621 TEUs (twenty-footā¦
GE Shipping to Raise Funds via NCD
Great Eastern Shipping Company (GE Shipping), Indiaās largest private shipping company, is planning to raise up to Rs 500 crore ($79 million) through non-convertibleā¦
Shipping in Rough Waters
Unpredictable markets and continuing marine claims volatility means the international shipping industry is facing a particularly challenging time, says Pratap Shirke, chairman of North P&I club.
