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.
Imabari Installs SOx Scrubber onto Bulk Carrier
Imabari Shipbuilding Co., Ltd. announced it has become the first shipyard in Japan to successfully install a SOx scrubber onto bulk carrier. The SOx scrubber, manufactured by Fuji Electric Co., Ltd., has been installed for a domestic ship owner aboard the 84,000M.T.D/W bulk carrier M/V Nadeshiko. The installation was completed on March 24, 2016. This installation is the joint research support project…
Ingalls Awarded $618 Mln to Build DDG 123
Huntington Ingalls Industries' (HII) Ingalls Shipbuilding division has received a $618 million contract modification to fund construction of the Arleigh Burke-class…
MSC, INTTRA Address Container Weight Rules
Container shipping company MSC and ocean shipping electronic marketplace INTTRA have entered a new partnership aiming to introduce a customer-friendly solution to new container weight safety regulations. Under the agreement, MSC will use INTTRA's eVGM software as a channel for receiving verified gross mass (VGM) submissions from shippers. As of July 1, under the International Maritime Organization's (IMO) Safety of Life at Sea (SOLAS) GM amendment…
SENER Names Jiménez Financial, Administrative Director
Engineering and technology group SENER has appointed Manuel Jiménez as the new Financial and Administrative Director of SENER’s Engineering and Construction Division, replacing José Luis Anzola, who has held the position of Corporate Chief Financial Officer of the SENER Group since 2015. Jiménez holds a degree in Economics and Business Science, specializing in Business Administration, from the University…
Crystal Serenity Prepares for Arctic Voyages
In preparation for cruise liner Crystal Serenity’s planned Arctic summer cruise in 2016, Crystal Cruises has selected Rutter Inc.’s sigma S6 Small Target Surveillance (STS) and Ice Navigator systems to provide enhanced small target detection of first-year and multi-year sea ice as well as other floating hazards to safe navigation. This summer’s voyage will be the world’s first luxury cruise liner to sail from the Pacific to the Atlantic Ocean via the Canadian Northwest Passage.
US West Coast Port Volumes Rebound
Import volumes have rebounded at U.S. West Coast ports so far this year, according to Datamyne, a provider of web-based international market intelligence. Datamyne found that imports through the port of Los Angeles have increased 36 percent from January through February of 2016 and 30 percent through the port of Long Beach, compared with the same time period in 2015. “West Coast ports have indeed made…
