Brazil Agricultural Waterway Finally Reopens
Brazil's Tiete-Parana waterway, a key transport corridor for soybeans, corn, cellulose, fertilizer and other agricultural products, has reopened after a 20-month…
Maersk CEO Looks to Increase Market Share
A.P. Moller-Maersk's chief executive said its container shipping arm Maersk Line probably gained market share in the second half of 2015 after losing some in the first half of the year.
Gamesa, Siemens Negotiating Wind Merger Terms
German engineering group Siemens and Spanish renewable energy group Gamesa are in final negotiations on a deal to merge their wind power assets, two sources familiar…
Maersk Writes Down Oil Assets
Writedown pushes company into red in fourth quarter; 2016 profit to fall short of previous year. Denmark's A.P. Moller-Maersk tumbled to a loss of $2.5 billion in…
Maersk, MSC, 13 Others Offer to Settle EU Probe
Companies offer to announce actual prices, not future plans. Shipping container groups Maersk, MSC and 13 other companies have offered to change their pricing practices…
$55M Berth Upgrade in Townsville Port
Townsville contractor CivilPlus Constructions has been awarded the design and construct tender for the primary wharf works component of Port of Townsville’s $55 million Berth 4 Upgrade project.
Container Weighing at Felixstowe Port
The Port of Felixstowe has confirmed that it will offer a container weighing service to ensure UK shippers are able to comply with new international regulations…
Aker Joins Johan Sverdrup Phase 2 Study
Aker Solutions will deliver a concept study on a new processing platform for future phases of the Statoil-operated Johan Sverdrup North Sea field, Norway's largest oil find in three decades.
Bibby Tops IoM Ship Management
Bibby Ship Management is once again the largest representative for vessels flying the Isle of Man flag in providing representative services for 30% of vessel tonnage registered on the island.
Maersk Profit Down 82%
Danish shipping and energy conglomerate Maersk Group delivered a profit of USD 925m for the full year ending December 31st 2015, against USD 5.2bn reported in 2014, a drop of 82%.
GTT, DSME Ink Cooperation Deal
GTT, the world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas) announces the signature…
I-Tech Gets Large Market Recognition of Selektope
Following the approval of Selektope under the EU’s Biocidal Products Regulation, developer I-Tech reports extraordinary uptake for antifouling coatings that include…
MTS Assists Damen in Maersk Connector Sea Trials
Leading marine service provider, Marine and Towage Services Group Ltd. (MTS) has supported shipbuilder Damen during sea trials of its latest offshore cabling vessel, Maersk Connector.
WCI Reacts to President's Budget Request
Waterways Council, Inc. (WCI) reacted to the FY 2017 budget request made by President Obama earlier today, as detailed below. • proposes $4.620 billion for the U.S.
CMA-CGM and Cosco Alliance in the Offing?
The newly-formed shipping giant China Cosco Shipping Corporation and CMA CGM met recently in Shanghai to discuss the possibility of a new French-Asian alliance, say local Chinese media.
Vietnam Gets Fifth Submarine from Russia
The fifth of the six Kilo-class submarines that Vietnam purchased from Russia has arrived at Cam Ranh Bay, Thanh Nien news reported. The submarine, which was delivered…
US Contract for Next Generation Nuclear Sub Planning Program
The US Navy has awarded General Dynamics Electric Boat a $23.6 million contract to continue development work on the Ohio-class replacement nuclear submarine, General Dynamics said in a press release.
U.S. Okays ConocoPhillips LNG Exports
The U.S. Department of Energy has renewed authorization for liquefied natural gas (LNG) exports from the North Kenai ConocoPhillips facility, reports Reuters. The…
India to Import LNG from Australia
India may contract long-term supplies of liquefied natural gas (LNG) from Australia if price is comparable to Indian coal which remains the fuel of choice for power generation companies in New Delhi.
Bangladesh, Thailand Plans Direct Coastal Shipping
Bangladesh and Thailand are planning to launch direct coastal shipping, connecting the Chittagong Port in the Bay of Bengal with the Ranong Port in the East of the…
