Cargotec Solely owns China Crane
Cargotec and CAG Marine Holding Limited, which is in turn wholly owned by Carlyle Asia Growth Partners IV, L.P. and CAGP IV Coinvestment, L.P., now jointly own China…
Hamburg Süd Completes CCNI Takeover
Effective 27 March 2015, Hamburg Süd has taken over the container liner activities of Compañía Chilena de Navegación Interoceánica S.A. (CCNI) including the related…
MacGregor Appoints Høyesen as VP
MacGregor reorganized into seven operative divisions in the beginning of 2015 to improve customer focus. Offshore Mooring and Loading Division drives the development…
MSC Acquires Second Boxship
MSC Oliver was inaugurated at the DSME shipyard in Busan, South Korea, just two months after the delivery of MSC OSCAR. This week, it was the turn of Oscar’s cousin…
USCG Approves KR BWMS Lab
Korean Register (KR) - an IACS member classification society – announces that it has been accepted by the United States Coast Guard (USCG) as an Independent Laboratory (IL) to undertake tests…
SCI takes Delivery of VLCC "Desh Vibhor"
The Shipping Corporation of India Ltd. (SCI) accepted delivery of a Very Large Crude Oil Carrier (VLCC) on 28 March, 2015. The vessel has been named “Desh Vibhor”.
COSCO China's Piraeus Bid Back on Track
China Ocean Shipping (Group) Co will bid for a majority stake in Greece's port of Piraeus after the country's new socialist government apparently reversed course…
India, Japan Reaffirm Strong Maritime Ties
India and Japan have discussed a specialized 24-nation maritime construct to enable real-time sharing of data of all shipping including merchant and naval warships…
CMA CGM profits up 43%
French container line operator CMA CGM has announced that its 2014 net consolidated profits rose by 43% over the previous year to USD584 million thanks to a growth…
A Better Charter Market in 2016?
Shipowners that charter out container ships to liner operators are hopeful that 2016 will bring increased demand and higher charter rates for containerships, JoC reports.
Ship Ownership is a Closely Held Market
Even though shipping is a global industry, ownership is fairly well concentrated in a relatively small number of major centres, says a research from Clarksons. The…
ABG Ties Up with GTT for LNG Technology
ABG Shipyard Ltd has tied up with Gaztransport and Technigaz (GTT) of France for the maritime transportation and storage of liquefied natural gas (LNG), reports Livemint.
Great Lakes Losing Ice
The Great Lakes Environmental Research Laboratory reports ice cover for all of the Great Lakes combined at around 52%, thanks to milder temperatures and gusty winds over the past several weeks.
Heerema Signs LOI with Jurong Shipyard for Giant Crane Vessel
Dutch offshore contractor Heerema Offshore Services has signed a letter of intent (LOI) with Sembcorp Marine’s Jurong Shipyard in Singapore for the construction…
US Navy: Future USS John Finn (DDG 113) Launched
The future USS John Finn (DDG 113) was launched at the Huntington Ingalls Industries (HII) shipyard March 28. During launch the drydock was flooded allowing the 637-foot floating dock to slowly submerge until the ship was afloat. Once the drydock was fully submerged, the ship was pulled by tugs to HII's south berth where the ship will continue outfitting in preparation for test and activation and eventual delivery to the Navy.
WISTA AGM to Address Emerging Shipping Challenges
Leaders in the shipping community will gather from across the country to discuss the emerging challenges facing the shipping industry. Speakers will include Joseph Hughes…
WOW at USMMA
The United States Merchant Marine Academy Hosts 7th Annual Women on the Water Conference. Last week, The United States Merchant Marine Academy (USMMA) in conjunction with the U.S.
Methanol Powered Ferry Launched in Baltic Sea
Swedish ferry operator Stena Line has announced that it has converted the Stena Germanica to run on methanol, an industry first. The company spent $24 million on converting the ship to methanol. The ferry re-entered service on March 26, serving its route on the Baltic sea between Kiel, Germany, and Goteberg, Sweden. The 240m, 1,500-passenger, 2001-built ro-pax ship underwent conversion in Poland’s Remontowa shipyard.
U.S. Oil Train Traffic mostly from Midwest to East Coast
U.S. oil trains delivered more than 13.5 million barrels of crude oil from the Midwest to the East Coast in January, according to government data that gives a first…
VIKING LifeCraft Presented at IMO
This week, VIKING Life-Saving Equipment took a step towards gaining approval for the VIKING LifeCraft, its alternative life-saving appliance (LSA) for passenger ships. The concept was presented to the International Maritime Organization’s Sub-Committee on Ships Systems and Equipment in London on 25th March, with the full support of the Danish Maritime Authority. More than 180 delegates stayed beyond the day’s normal business to hear from Niels Fraende…
