Greece Names Cosco Preferred Piraeus Port Bid
Greece named China's Cosco as the preferred investor for the acquisition of a 67-percent stake in the country's biggest port, Piraeus , its privatisation agency (HRADF) said on Wednesday.
Norstar to Launch JV
The tanker company Norstar is setting up a new Commercial Management joint venture based in Westport Connecticut USA named Norstar Chartering (USA) LLC. The new…
MacGregor Pusnes Loading Systems for Cosco Shipyard
By combining well-proven MacGregor Pusnes technology in bow loading and offloading systems, MacGregor, part of Cargotec, has helped to develop a solution that enables…
Danaos' Performance Better
Danaos Corporation one of the world's largest independent owners of containerships, today reported unaudited results for the fourth quarter and the year ended December 31, 2015.
Update on Hiab's iLoad Project
Hiab, part of Cargotec, reports on the results of the iLoad project, which received EUR1.4 million funding from the EU's Industrial and Academy Partnerships. The…
Wärtsilä Designs Deepwater DSV for China
Wärtsilä has signed a contract with Shanghai Bestway Marine Engineering Design Co Ltd to design a new type of deepwater dive support vessel (DSV). The ship is to…
15 Carriers Agree to EU's GRI Modifications
15 container liner shipping companies have said they will stop publishing and communicating general rate increases (GRIs) that are expressed solely as an amount or percentage of the change…
Megaship Benjamin Franklin to Call at Seattle and Long Beach
In a history-making run, the largest container ship CMA CGM Benjamin Franklin will arrive in Seattle Monday, Feb. 29 after visits in Long Beach and Oakland, California.
Is Cosco's Orderbook Healthy?
While Cosco’s orderbook of US$8 billion seems hefty, the shipbuilding contracts are of low value, says a report in SBR. The orderbook may do the company more harm than good.
European Shipowners Showcase Short Sea Shipping
The European Community Shipowners’ Associations (ECSA) presented its new brochure on the merits of short sea shipping during a high level meeting organised by the Dutch Presidency of the Council.
Hoegh LNG Pulls Out of FLNG
Norway's Hoegh LNG Holdings is putting its floating LNG (FLNG) development activities on hold and to allocate all resources and capital to its core business, FSRUs…
CAI International Reports 4Q Loss
San Francisco, California-based CAI International Inc. (CAI) has reported a fourth-quarter loss of $12.6 million, compared to the profit in the same period a year earlier.
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