China: No Need to "gesticulate" over South China Sea
China's Defence Ministry denounced as gesticulation on Thursday speculation it would declare an air defence zone over the disputed South China Sea, after the United…
Bangladesh Inks LNG Deal with Excelerate
Bangladesh on Thursday signed a deal with Texas-based Excelerate Energy to build its first floating terminal for importing liquefied natural gas (LNG) as it looks to ease chronic energy shortages.
BSM Launches Lay-up, Green Recycling Services
Bernhard Schulte Shipmanagement (BSM) is further expanding the scope of ship management services it offers with the addition of two new service offerings – Lay-up Services and Green Recycling.
Hiab Introduces MULTILIFT Optima
Hiab, part of Cargotec, is introducing MULTILIFT Optima, a smart hooklift for customers who need the right performance and value for money for their everyday loading tasks.
DNV GL ShipManager Enables Safety Management Reporting
Shipping companies are increasingly gathering information from the fleet in order to improve their operations and safety performance. Without easy–to-use and data…
Increased Norwegian Content for Johan Sverdrup Platform
Today, Kvaerner and its sub-contractors cut the first steel plates for the utility- and living quarters (ULQ) topside for the Johan Sverdrup field. The topside construction…
ABB to Link Offshore Wind Farm to UK Grid
ABB has won an order worth more than $250 million from the Danish energy company DONG Energy to deliver a 220-kilovolt (kV) high-voltage cable system that will connect…
Piraeus Port Posts 24% Increase In 2015 Profit
The Piraeus Port Authority (PPA) has released its annual financial statement for 2015, showing post-tax profits of 23.8 percent. Earnings before taxes amounted to € 9.772.290…
DP World Eyes France
France is an attractive investment location for DP World’s projects related to infrastructure development, port centric development, distribution and export hubs…
Survival of the Un-Fittest
Despite historically low rates carriers are unlikely to be killed off as creditors and governments will step in, says Drewry Shipping Consultants Limited. Recent news stories…
China Shipping Swings to Loss
China Shipping Container Lines Co. posted a net loss of 2.9 billion yuan ($448.5m) in 2015, compared with profit of 1.04 billion yuan in 2014, the nation’s second…
China Shipping Development Company Proft Surges
China Shipping Development Company Limited (CSDC) achieved 34.95% higher profit for 2015 totaling in RMB417 million ($64.3 million) when compared to figures from 2014…
Morocco to Get First Automated Container Terminal
Port operator APM Terminals to develop a new transshipment terminal in Tangier, Morocco with an annual capacity of five million TEUs. APM Terminals MedPort Tangier will become operational in 2019…
Mercator Sells Another Vessel
Dry bulk shipping company Mercator Lines has inked an agreement to sell another vessel in an attempt to reduce its debt. The MV Kalpana Prem will be sold for US$2.9 million to a third party.
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