London P&I Club Reports Increased Free Reserves
The London P&I Clubās result for the 2015/2016 financial year produced an overall operating surplus of $3.3 million, lifting the free reserve to $160.7 million.
OEMs Favored for Maintenance, Spare Parts -Study
An independent study for ABB Turbocharging found that 87 percent of organizations work only or mostly with original equipment manufacturers (OEMs) for maintenance support and spare parts procurement. Benefits cited include reduced downtime and better parts availability according to the Forrester Consulting Technology Adoption Profile. The individuals surveyed held responsibility for maintenance, repairā¦
Goliath Appears on the Polish Horizon
Mammoet, a service provider specializing in engineered heavy lifting and transport, has lifted up a 120-meter-high crane for its installation in the port of Szczecin in Poland. The Goliath crane was built by Van Haagen Kraanbouw in the Netherlands and transported to the fabrication site of Bilfinger Mars Offshore. Mammoet constructed a tailor-made gantry with a height of 127 meters especially for thisā¦
Telenor's Ka-band to Service 200 Terminals
Telenor Satellite has announced that its Ka-band satellite capacity packages for land-based services in the Middle East have surpassed initial expectations, reachingā¦
US-flag Lakers Cargo Movements Up in April
U.S.-flag Great Lakes freighters (lakers) moved 7.3 million tons of cargo in April, an increase of 9.7 percent compared to a year ago and 7 percent above the monthās five-year averageā¦
As Korean Shipyards Founder, Central Bank Dragged into Rescue Bid
They are South Korea's "too-big-to-fail" firms - the world's largest shipbuilders that are both a massive economic force and an important national symbol - and theā¦
NOC Cancels Two Oil Cargoes in Dispute with East
Libya's National Oil Corporation (NOC) based in Tripoli said on Thursday it had cancelled two oil cargoes from its May export program because a rival NOC in theā¦
ABB Azipods Selected for First Chinese-built Icebreaker
ABBās Azipod propulsion system will power a Chinese polar science research icebreaker, the first vessel of its type to be built in China. The Polar Research Institute of China ship will be fitted with two Azipod VI units with combined power of 15 MWs. Azipod features a built-in high-efficiency AC motor and fixed-pitch propeller mounted directly on the motor shaft. While mechanical thrusters have complex transmission with gears and shaftsā¦
Hydro Strengthens APAC Presence
Aberdeen-headquarted subsea cable and connector specialist Hydro Group plc announces multiple Asia Pacific Business Partner agreements as the firm continues strategic growth in the region.
Cyberhawk Lands in Portuguese Market
Cyberhawk Innovations continues to bolster its international credentials through a new partnership with Portugalās leading engineering service provider and contractorā¦
First Damen Tug for Peru
Launching the business relationship between the two companies, Ian Taylor Peru has signed a contract with Damen Shipyards Group for an ASD Tug 2810. The vesselāsā¦
BMT Awarded LNG Engineering For Côte dāIvoire
BMT Asia Pacific (BMT), a subsidiary of BMT Group Ltd, has been appointed Owners Engineer and lead design consultant by Endeavor Energy, for the development of theā¦
Vard Back in the Black
Presenting its financial results for the first quarter ended 31 March 2016 today Vard Holdings Limited announced a net profit of NOK 43 million for the period, asā¦
Vard Secures Topaz 15 vessel Contract
Vard Holdings Limited secured a contract for the design and construction of 15 Module Carrier Vessels for Topaz Energy and Marine. The vessels, of VARD 9 21 designā¦
PortFresh Expanding Savannah Port's Chilled Cargo Capacity
A new Georgia-based company called PortFresh Logistics has announced plans to build a 100,000 square-foot cold treatment facility dedicated to perishable cargoes imported through the Port of Savannah.
Oil-hungry Bacteria Could Clean Up Next Big Oil Spill
Heriot-Watt scientists have cracked the genetic code of the marine bacteria which helped āeatā the oil spilled in the Deepwater Horizon disaster, information whichā¦
Brexit: The Implications for Shipping
āBrexitā is the notion that the United Kingdom would leave the European Union. What would be the impact of Brexit on the shipping sector? Dr Vincent Power, EU & Competition Partnerā¦
Chemical Shipping Freight Rates to Remain Firm
Chemical tanker shipping freight rates are expected to remain firm over the medium term, thanks to rising production capacity in key exporting countries, accordingā¦
HHIC Seals Deal with Creditors
Cash-strapped South Korean shipbuilder Hanjin Heavy Industries & Construction (HHIC) has signed a memorandum of understanding (MOU) with its creditors to receive a KRW 120bn ($103m) cash injectionā¦
CMA CGM Stake in NOL Edges Past 10%
French container shipping giant CMA CGM now owns 10.07% of its takeover target Singapore's Neptune Orient Lines (NOL) as open share buys continue on a near daily basis.
