ICTSI 9M Profts Above Expectations
International Container Terminal Services, Inc. (ICTSI) today reported unaudited consolidated financial results for the first nine months of 2015 posting revenues…
Statoil Green Lights Floating Wind Farm Project
Statoil has made the final investment decision to build the world’s first floating wind farm: The Hywind pilot park offshore Peterhead in Aberdeenshire, Scotland.
OPTION Attracts New Partner for Oil Recovery
OPTION (Optimizing Oil Production by Novel Technology Integration) aims to significantly improve simulation tools for the prediction and control of the flow between…
Damen Debuts FCS 1605
The Damen Shipyards Group recently unveiled a series of new vessel designs based on its popular 16 metre long, 5 metre wide, semi Axe Bow design. The first of the…
RAN, French Navy Hold Joint Exercises in S. China Sea
HMA Ships Arunta, Stuart and Sirius, have rendezvoused at sea with the French frigate FNS Vendemiaire as part of a Royal Australian Navy Task Group deployment to North and South East Asia.
ABB Azipod Propulsion for Carnival’s New Ships
Power and automation technology group ABB announced it has won a repeat order worth $60 million to deliver complete electrical power plants and Azipod XO fuel-saving…
DP World's Southampton Licence Extended
DP World Limited announces that it has agreed with Associated British Ports (ABP) to extend the license agreement for DP World Southampton for a further 25 years until 2047.
Adani Ports profit up 16%
Adani Ports and Special Economic Zone Limited (“APSEZ”), India’s largest port developer and part of Adani Group, today announced a 16 per cent increase in its consolidated net profit to Rs.
Royal IHC Expands into Offshore, Mining
Royal IHC announced it has expanded its activities with the acquisition of Fraser Hydraulic Power (FHP) in the UK and Robbins Technology Group (RTG) in Brisbane, Australia.
NOURA EXPRESS to Optimise its Service Between East Africa and Europe
Following its core strategy of continuous Africa Lines service upgrade, CMA CGM is pleased to present its latest significant improvement on its NOURA EXPRESS service…
MSC Oscar Calls at Port of Wilhelmshaven on New East-West Trade Route
MSC Mediterranean Shipping Company’s largest container ship ever built, the MSC Oscar, makes her maiden call at Port of Wilhelmshaven today. Since its inauguration…
Certification of Tidal Turbines and Arrays
The new service specification DNVGL-SE-0163 Certification of tidal turbines and arrays is being published along with a new technical standard for DNVGL-ST-0164 Tidal turbines.
Ardmore Shipping Announces Secondary Public Offering by GA Holdings
Ardmore Shipping Corporation announced that GA Holdings LLC intends to offer for sale in an underwritten public offering 4,000,000 shares of the Company's common stock.
Commerzbank Slashes Ship Finance Portfolio
The German lender Commerzbank is making money in tough market as it sheds another $1.2bn of ship loans. For the first time ever, Commerzbank's shipping portfolio stands at less than EUR 10 billion…
Cosco Compensates Sevan
COSCO Corp (Singapore) will refund $26.3 million, or 5 percent of the contract price, plus associated interest to Sevan Drilling by December 1, 2015. Sevan Drilling…
Hapag-Lloyd Likely to Price IPO at 23 Eur/Share
The shares of German container line Hapag-Lloyd will now be offered at between 20 and 22 euros ($22-$24.20) each, down from 23-29 euros previously, reports Reuters.
New Tool Enables Remote Retrieval of VDR Data
Danelec Marine today announced the introduction of VDR OnDemand, a PC software tool that facilitates remote selective data downloads from shipboard Voyage Data Recorders (VDRs). VDR OnDemand is a portal and dashboard that allows shore offices to log on and request data from the VDR by remotely connecting via an IP link to the Danelec VDRConnect module on the ship. For the mandatory VDR annual performance tests (APTs)…
Holland America Line Plans Stateroom Facelift
As part of a $300-million brand enhancement initiative, Carnival Corporation’s Holland America Line is planning enhancements to its top staterooms with new furnishings, décor, amenities and upgrades for all suites on the line’s Signature-, Vista- and R-Class ships. The first ships to undergo the suite transformation will be ms Eurodam and ms Oosterdam, followed by ms Nieuw Amsterdam, ms Westerdam, ms Zuiderdam and ms Noordam.
CMIT Welcomes First 14,000 TEU Box Ship
On October 29, 2015 Cai Mep International Terminal (CMIT) received the maiden call of the 14,000 TEU m/v CSCL Star, the ultra large container vessel (ULCV) of 157,000 DWT, deployed in the Ocean 3 Alliance, marking the first Vietnam/Northern Europe direct service. Notably, within the last week, two feeder services have also started to call at CMIT to connect both the local Vietnamese export cargo and the international export cargo from Thailand and Cambodia, all transshipped through CMIT.
US Navy Eyes More Patrols in South China Sea
U.S. The U.S. Navy plans to conduct patrols within 12 nautical miles of artificial islands in the South China Sea about twice a quarter, a U.S. defense official said on Monday.
